Federal Register / Vol. 66, No. 109 / Wednesday, June 6, 2001 / Notices 30497

8The Exchange is separately proposing new

subsection (b) of Commentary .01 to Phlx Rule

1080, which will provide a more thorough

description of Auto-Quote. See SR–Phlx–2001–25.

9According to the Phlx, this new language is

being proposed inasmuch as ROT’s failure to

vocalize any different quote from the disseminated

quote could be viewed as determining option prices

by agreement for purposes of the Order and is

therefore required by the Order to be provided for

in Exchange rules.

10 15 U.S.C. 78f(b).

11 15 U.S.C. 78f(b)(5). 12 17 CFR 200.30–3(a)(12).

rules and required the Exchange to take

all reasonable steps to promptly stop

any such practice or procedure that has

not been filed or is not already

authorized by rule. The Exchange

believes that the proposed rule change

is responsive to, and compliant with,

the Order.

Currently, Phlx Rule 1080 governs the

operation of AUTOM, the Exchange’s

automated order routing, delivery,

execution and reporting system for

options. Auto-Quote, one feature of

AUTOM, is currently defined in

Commentary .01 as the Exchange’s

electronic options pricing system,

which enables specialists to

automatically monitor and instantly

update quotations.8 Alternatively,

specialists may elect to establish a

specialized proprietary connection

(‘‘specialized quote feed’’) that bypassed the Auto-Quote system. The

proposed rule change would codify the

Exchange’s vocalization requirement

when a ROT indicates that his quote in

an option is not the Exchange’s

disseminated quote. Absent such

vocalization, the disseminated quote

would be deemed to be that of all ROTs

in that option.

The current on-floor trading

environment, which involves increased

trading volume, more option classes

traded than every before, and less

physical space within which ROTs

operate, has resulted in a natural

increase in reliance on technology by

ROTs in order to function effectively

while providing liquidity in their

assigned options. One area of such

increased reliance on technology

involves quotations in options

disseminated electronically by AutoQuote. The Exchange believes that

changes in such quotations occur

rapidly, and often simultaneously, in

myriad quotations, rendering it difficult

to voice each bid or offer as it is being

disseminated electronically. Thus, the

Exchange believes that it is reasonable

to deem the disseminated quote to be

that of all ROTs in the option unless

they vocally opt out of the disseminated

quote.

The proposed rule would require the

ROT to specify the series or option class

(specifying LEAPS), and would provide

for sufficient time within which the

specialist could take action to update

the quote if necessary. The Exchange is

proposing the new language to reflect

the fact that the disseminated quote

reflects the crowd quote (unless a ROT

has expressly indicated in a clear and

audible manner).9

2. Statutory Basis

The Exchange believes that the

proposed rule change is consistent with

Section 6(b) of the Act 10 in general and

furthers the objectives of Section

6(b)(5) 11 in particular in that it is

designed to promote just and equitable

principles of trade, remove

impediments to a free and open market

and a national market system, and

protect investors and the public interest

by clarifying and describing clearly in

Exchange rules the requirement that

ROTs vocalize any intent to establish

quotes that are different from the

Exchange’s disseminated quote.

B. Self-Regulatory Organization’s

Statement on Burden on Competition

The Phlx does not believe that the

proposed rule change will impose any

burden on competition not necessary or

appropriate in furtherance of the

purposes of the Act.

C. Self-Regulatory Organization’s

Statement on Comments on the

Proposed Rule Change Received From

Members, Participants, or Others

The Phlx did not solicit or receive

written comments on the proposed rule

change.

III. Date of Effectiveness of the

Proposed Rule Change and Timing for

Commission Action

Within 35 days of the date of

publication of this notice in the Federal

Register or within such longer period (i)

as the Commission may designate up to

90 days of such date if its finds such

longer period to be appropriate and

publishes its reasons for so finding or

(ii) as to which the Phlx consents, the

Commission will:

(A) By order approve such proposed

rule change, or

(B) Institute proceedings to determine

whether the proposed rule change

should be disapproved.

IV. Solicitation of Comments

Interested persons are invited to

submit written data, views, and

arguments concerning the foregoing,

including whether the proposed rule

change is consistent with the Act.

Persons making written submissions

should file six copies thereof with the

Secretary, Securities and Exchange

Commission, 450 Fifth Street, NW.,

Washington, DC 20549–0609. Copies of

the submission, all subsequent

amendments, all written statements

with respect to the proposed rule

change that are filed with the

Commission, and all written

communications relating to the

proposed rule change between the

Commission and any person, other than

those that may be withheld from the

public in accordance with the revisions

of 5 U.S.C. 552, will be available for

inspection and copying in the

Commission’s Public Reference Room.

Copies of such filings will also be

available for inspection and copying at

the principal office of the Phlx. All

submissions should refer to the File No.

SR–Phlx–2001–26 and should be

submitted by June 27, 2001.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.12

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 01–14156 Filed 6–5–01; 8:45 am]

BILLING CODE 8010–01–M

DEPARTMENT OF STATE

Bureau of Consular Affairs, Passport

Services

[Public Notice 3687]

Notice of Information Collection Under

Emergency Review: Form DS–11,

Application for Passport/Registration

(Formerly DSP–11) OMB #1405–0004

ACTION: Notice.

SUMMARY: The Department of State has

submitted the following information

collection request to the Office of

Management and Budget (OMB) for

review and approval in accordance with

the emergency review procedures of the

Paperwork Reduction Act of 1995.

Type of Request: Emergency Review.

Originating Office: Bureau of Consular

Affairs, CA/PPT/FO/FC.

Title of Information Collection:

Application for Passport/Registration.

Frequency: On Occasion.

Form Number: DS–11 (Formerly DSP–

11).

Respondents: Individuals or

Households.

Estimated Number of Respondents:

8,411,550.

Average Hours Per Response: 1⁄3 hour

(20 min.).

30498 Federal Register / Vol. 66, No. 109 / Wednesday, June 6, 2001 / Notices

Total Estimated Burden: 2,803,850.

The proposed information collection

is published to obtain comments from

the public and affected agencies.

Emergency review and approval of this

collection has been requested from OMB

by May 31, 2001. If granted, the

emergency approval is only valid for

180 days. Comments should be directed

to the State Department Desk Officer,

Office of Information and Regulatory

Affairs, Office of Management and

Budget (OMB), Washington, DC 20530,

who may be reached on 202–395–3897.

During the first 60 days of this same

period a regular review of this

information collection is also being

undertaken. Comments are encouraged

and will be accepted until 60 days from

the date that this notice is published in

the Federal Register. The agency

requests written comments suggestions

from the public and affected agencies

concerning the proposed collection of

information. Your comments are being

solicited to permit the agency to:

• Evaluate whether the proposed

information collection is necessary for

the proper performance of the functions

of the agency, including whether the

information will have practical utility.

• Evaluate the accuracy of the

agency’s estimate of the burden of the

proposed collection, including the

validity of the methodology and

assumptions used.

• Enhance the quality, utility, and

clarity of the information to be

collected.

• Minimize the reporting burden on

those who are to respond, including

through the use of automated collection

techniques or other forms of technology.

For Additional Information: Public

comments, or requests for additional

information, regarding the collection

listed in this notice should be directed

Margaret A. Dickson, CA/PPT/FO/FC,

Department of State, 2401 E Street, NW.,

Room H904, Washington, DC 20522,

and at 202–663–2460.

Dated: May 7, 2001.

Georgia A. Rogers,

Deputy Assistant Secretary, Bureau of

Consular Affairs, U.S. Department of State.

[FR Doc. 01–14254 Filed 6–5–01; 8:45 am]

BILLING CODE 4710–06–P

DEPARTMENT OF STATE

Bureau of Consular Affairs, Passport

Services

[Public Notice 3688]

Notice of Information Collection under

Emergency Review: Form DS–3053,

Statement of Consent: Issuance of a

Passport to a Minor Under Age 14

(OMB #1400–0010)

ACTION: Notice.

SUMMARY: The Department of State has

submitted the following information

collection request to the Office of

Management and Budget (OMB) for

review and approval in accordance with

the emergency review procedures of the

Paperwork Reduction Act of 1995.

Type of Request: Emergency Review.

Originating Office: Bureau of Consular

Affairs, CA/PPT/FO/FC.

Title of Information Collection:

Statement of Consent: Issuance of a

Passport to a Minor Under Age 14.

Frequency: On Occasion.

Form Number: DS–3053.

Respondents: Individuals or

Households.

Estimated Number of Respondents:

1,595,790.

Average Hours Per Response: 1⁄12 hr.

(5 minutes).

Total Estimated Burden: 132,982.

The proposed information collection

is published to obtain comments from

the public and affected agencies.

Emergency review approval of this

collection has been requested from OMB

by May 31, 2001. If granted, the

emergency approval is only valid for

180 days. Comments should be directed

to the State Department Desk Officer,

Office of Information and Regulatory

Affairs, Office of Management and

Budget (OMB), Washington, DC 20530,

who may be reached on 202–395–3897.

During the first 60 days of this same

period a regular review of this

information collection is also being

undertaken. Comments are encouraged

and will be accepted until 60 days from

the date that this notice is published in

the Federal Register. The agency

requests written comments and

suggestions from the public and affected

agencies concerning the proposed

collection of information. Your

comments are being solicited to permit

the agency to:

• Evaluate whether the proposed

information collection is necessary for

the proper performance of the functions

of the agency, including whether the

information will have practical utility.

• Evaluate the accuracy of the

agency’s estimate of the burden of the

proposed collection, including the

validity of the methodology and

assumptions used.

• Enhance the quality, utility, and

clarity of the information to be

collected.

• Minimize the reporting burden on

those who are to respond, including

through the use of automated collection

techniques or other forms of technology.

For Additional Information: Public

comments, or requests for additional

information, regarding the collection

listed in this notice should be directed

Margaret A. Dickson, CA/PPT/FO/FC,

Department of State, 2401 E Street, NW,

Room H904, Washington, DC 20522,

and at 202–663–2460.

Dated: May 8, 2001.

Georgia Rogers,

Deputy Assistant Secretary, Bureau of

Consular Affairs, Department of State.

[FR Doc. 01–14255 Filed 6–5–01; 8:45 am]

BILLING CODE 4710–06–P

DEPARTMENT OF STATE

[Public Notice 3689]

Notice of Information Collection under

Emergency Review: Proposal

Submission Instructions; OMB Control

#1405–0115; Department of State Form

Numbers DS–017, DS–2012, DS–2013,

DS–2011, DS–2018, DS–2014, DS–2015,

DS–2016

ACTION: Notice.

SUMMARY: The Department of State has

submitted the following information

collection request to the Office of

Management and Budget (OMB) for

review and approval in accordance with

the emergency review procedures of the

Paperwork Reduction Act of 1995.

Type of Request: Emergency Review.

Originating Office: ECA–IIP/EX.

Title of Information Collection:

Proposal Submission Instructions (PSI).

Frequency: 40 times a year (average),

coincidental with Request for Grant

Proposal competitions published in the

Federal Register.

Form Number: DS–017, DS–2012, DS–

2013, DS–2011, DS–2018, DS–2014, DS–

2015, DS–2016.

Respondents: Public and private nonprofit organizations meeting the

provisions described in IRS regulation

26 CFR 1.501(c).

Estimated Number of Respondents:

Approximately 800 proposals will be

submitted to the Bureau yearly,

accompanied by the Proposal

Submission Instructions (PSI).

Average Hours Per Response: 20

hours per response.