Federal Register / Vol. 66, No. 122 / Monday, June 25, 2001 / Notices 33735

10See Phlx Rule 1054, Advice F–5.

11The AUTOM Desk is a help desk designed to

service firms connected the Phlx through the

AUTOM system.

12Phlx clarified that excessive utilization of trade

corrections by a specialist, in all cases, not just in

extreme cases, may reveal a pattern of the specialist

not executing at the national best bid or offer.

Phone call between Linda Christie, Counsel, Phlx,

Terri Evans, Attorney, and John Riedel, Attorney,

Division, Commission (June 14, 2001).

13 It should be noted that requests for exemptive

relief and trade corrections are a normal part of

everyday business at the Exchange and all other

exchanges, and that in the ordinary case, such

requests are entirely appropriate. The Exchange

believes, however, that unusual levels of activity in

these two areas by a specialist, relative to other

specialists, after taking into account the market

conditions for the relevant options and underlying

securities, as well as market conditions at the time

that such requests or corrections are made, may be

an indicator of the quality of the specialist’s overall

performance.

14 15 U.S.C. 78f(b).

15 15 U.S.C. 78f(b)(5). 16 17 CFR 200.30–3(a)(12).

excessive or inappropriate use of

exemptive relief may indicate that a

specialist is not fulfilling adequately the

obligations of a specialist. As a result,

the Exchange’s Surveillance Department

monitors and documents requests for

such relief. Thus, the Exchange believes

that exemptive relief information is

relevant to the regular option specialist

performance evaluations made by the

Committee.

Trade corrections occur if a specialist

believes that an execution was either

improperly priced or executed.10 In

such cases, the specialist may, with

floor official approval, notify the

AUTOM Desk or the AUTOM trade

correction.11 Excessive utilization of

trade corrections by a specialist may

reveal a pattern of the specialist not

executing at the national best bid or

offer,12 may demonstrate a pattern of

customers obtaining inferior price than

first reported, or result in trades not

properly reported to the tape. Therefore,

the Exchange believes that trade

correction data should be considered as

part of the overall mix of information

considered by the Committee in its

specialist evaluation.

In summary, the Exchange believes

that exemptive relief and trade

correction information should enable

the Committee to allocated books with

a more thorough understanding of each

specialist unit’s activities and

performance on the trading floor.13

2. Statuory Basis

The Exchange believes the proposed

rule change is consistent with section

6(b) of the Act 14 in general, and furthers

the objectives of section 6(b)(5)15 in

particular, in that it is designed to

perfect the mechanisms of a free and

open market and a national market

system, to promote just and equitable

principles of trade, and, in general, to

protect investors and the public interest.

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 that is 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 has neither solicited nor

received written comments with respect

to 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 it 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 submissions, 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

provisions of 5 U.S.C. 552, will be

available for inspection and copying in

the Commission’s Public Reference

Section. Copies of such filing will also

be available for inspection and copying

at the principal office of the Phlx. All

submissions should refer to File No.

SR–Phlx–2001–50 and should be

submitted by July 16, 2001.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.16

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 01–15798 Filed 6–22–01; 8:45 am]

BILLING CODE 8010–01–M

DEPARTMENT OF STATE

[Public Notice #3679]

Notice of Meetings; United States

International Telecommunication

Advisory Committee (ITAC);

Telecommunication Sector Committee

(ITAC–T); ITAC–T U.S. Study Group A;

ITAC–T U.S. Study Group D

The Department of State announces

meetings of the U.S. International

Telecommunication Advisory

Committee. The purpose of the

Committee is to advise the Department

on policy and technical issues with

respect to the International

Telecommunication Union.

The ITAC will meet on July 2, 2001

from 1:30 to 3:30 at the

Telecommunication Industry

Association (TIA) offices at 1300

Pennsylvania Avenue, NW., Suite 350

(North Tower), Washington, DC to

debrief the recent ITU Council meeting.

The ITAC–T will meet July 11, 2001

at the offices of the Alliance for

Telecommunications Industry Solutions

(ATIS), 1200 G Street, NW., Suite 500,

Washington, DC from 9:30–12:30 to

continue working on the ITAC–T

Guidelines.

U.S. Study Group A will meet from

9:30 to noon on July 31, 2001 and

August 15, 2001 to prepare for the next

meeting of ITU–T Study Group 2. The

location of the July 31 meeting will be

announced. The August 15 meeting will

be at the Federal Communications

Commission, 6 North Conference room,

445 Twelfth Street, SW., Washington,

DC. Attendees should enter through the

12th St. entrance, use the North

elevators to go to the sixth floor and call

the receptionist (202 418–1460) from the

North Elevator lobby for admittance.

The U.S. Study Group A meeting

previously scheduled for August 22,

2001 is cancelled.

U.S. Study Group D will meet at the

offices of the Alliance for

Telecommunications Industry

Solutions, 1200 G Street, NW., Suite

500, Washington, DC from 1:30 to 3:30

on July 11, 2001 to begin preparations

for the next ITU–T Study Group 9

meeting.

33736 Federal Register / Vol. 66, No. 122 / Monday, June 25, 2001 / Notices

Members of the general public may

attend these meetings. Directions to

meeting locations and actual room

assignments may be determined by

calling the Secretariat at 202 647–0965/

2592.

Attendees may join in the

discussions, subject to the instructions

of the Chair. Admission of members will

be limited to seating available.

Dated: June 19, 2001.

Doreen McGirr,

Multilateral Affairs, Communication &

Information Policy, Department of State.

[FR Doc. 01–16001 Filed 6–21–01; 3:38 pm]

BILLING CODE 4710–45–P

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

[Policy Statement No. ANM–01–111–159]

All-Electrical Attitude, Altitude,

Direction, and Airspeed Systems Using

Battery Standby Power

AGENCY: Federal Aviation

Administration (FAA), DOT.

ACTION: Notice of proposed policy

statement; request for comments.

SUMMARY: The Federal Aviation

Administration (FAA) announces the

availability of a proposed policy

statement that clarifies current FAA

certification policy with respect to allelectrical attitude, altitude, direction,

and airspeed systems using battery

standby power.

DATES: Send your comments on or

before July 25, 2001.

ADDRESSES: Address your comments to

the individual identified under FOR

FURTHER INFORMATION CONTACT.

FOR FURTHER INFORMATION CONTACT: Dale

Dunford, Federal Aviation

Administration, Transport Airplane

Directorate, Transport Standards Staff,

Airplane and Flight Crew Interface

Branch, ANM–111, 1601 Lind Avenue

SW., Renton, WA 98055-4056.;

telephone (425) 227–2239; fax (425)

227–1100; e-mail:

dale.dunford@faa.gov.

SUPPLEMENTARY INFORMATION:

Comments Invited

The proposed policy statement is

available on the Internet at the following

address: http://www.faa.gov/avr/air/

anm/draftpolicy/interim.htm. If you do

not have access to the Internet, you can

obtain a copy of the policy statement by

contacting the person listed under FOR

FURTHER INFORMATION CONTACT.

The FAA invites your comments on

this proposed policy statement. We will

accept your comments, data, views, or

arguments by letter, fax, or e-mail. Send

your comments to the person indicated

in FOR FURTHER INFORMATION CONTACT.

Mark your comments, ‘‘Comments to

Policy Statement ANM–01–111–159.’’

Use the following format when

preparing your comments:

• Organize your comments issue-byissue.

• For each issue, state what specific

change you are requesting to the

proposed general statement of policy.

• Include justification, reasons, or

data for each change you are requesting.

We also welcome comments in

support of the proposed policy.

We will consider all communications

received on or before the closing date

for comments. We may change the

proposed policy because of the

comments received.

Background

With the advent of highly reliable,

low power, liquid crystal display (LCD)

electrical indicators, applicants for

certification of transport category

airplanes and their components are

replacing previous pneumatic indicators

with electric ones, resulting in an allelectric attitude, altitude, direction, or

airspeed configuration. Many of these

installations rely on time-limited

batteries to power the instruments in the

event of loss of generator power on the

airplane. Such all-electric

configurations must be designed to

ensure continued safe flight and landing

after any failure or combination of

failures not shown to be extremely

improbable, including the loss of

generated electrical power.

The proposed policy statement

provides guidelines that should be used

for the certification of flight instrument

installations in which

• All displays of any of the essential

flight information (e.g., altitude,

attitude, airspeed, or direction) require

electrical power,

• The failure of normal electrical

power is not extremely improbable, and

• The back-up source of electrical

power is a time-limited battery.

Issued in Renton, Washington, on June 19,

2001.

Ali Bahrami,

Acting Manager, Transport Airplane

Directorate, Aircraft Certification Service.

[FR Doc. 01–15898 Filed 6–22–01; 8:45 am]

BILLING CODE 4910–13–U

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

[Policy Statement No. ANM–01–115–32]

Use of Industry Standards in Seat

Certification

AGENCY: Federal Aviation

Administration (FAA), DOT.

ACTION: Notice of proposed policy

statement; request for comments.

SUMMARY: The Federal Aviation

Administration (FAA) announces the

availability of a proposed policy for the

use of industry standards to address

certain certification issues for transport

airplane seats. This policy is specifically

relevant to certification of seats with an

in-arm video system feature.

DATES: Send your comments on or

before July 25, 2001.

ADDRESSES: Address your comments to

the individual identified under FOR

FURTHER INFORMATION CONTACT.

FOR FURTHER INFORMATION CONTACT: Jeff

Gardlin, Federal Aviation

Administration, Transport Airplane

Directorate, Transport Standards Staff,

Airframe/Cabin Safety Branch, ANM–

115, 1601 Lind Avenue SW., Renton,

WA 98055-4056.; telephone (425) 227–

2136; fax (425) 227–1100; e-mail:

jeff.gardlin@faa.gov.

SUPPLEMENTARY INFORMATION:

Comments Invited

The proposed policy statement is

available on the Internet at the following

address: http://www.faa.gov/avr/air/

anm/draftpolicy/interim.htm. If you do

not have access to the Internet, you can

obtain a copy of the policy statement by

contacting the person listed under FOR

FURTHER INFORMATION CONTACT.

The FAA invites your comments on

this proposed policy statement. We will

accept your comments, data, views, or

arguments by letter, fax, or e-mail. Send

your comments to the person indicated

in FOR FURTHER INFORMATION CONTACT.

Mark your comments, ‘‘Comments to

Policy Statement ANM–01–115–32.’’

Use the following format when

preparing your comments:

• Organize your comments issue-byissue.

• For each issue, state what specific

change you are requesting to the

proposed general statement of policy.

• Include justification, reasons, or

data for each change you are requesting.

We also welcome comments in

support of the proposed policy.

We will consider all communications

received on or before the closing date

for comments. We may change the