67772 Federal Register / Vol. 70, No. 215 / Tuesday, November 8, 2005 / Notices 

11When the bid price is $0.00, the offer price is 

typically $0.05. In this instance, the option 

typically is referred to as ‘‘no bid at a nickel.’’

12 15 U.S.C. 78f(b). 

13 15 U.S.C. 78f(b)(5). 14 17 CFR 200.30–3(a)(12). 

unless the parties agreed to an 

adjustment, the transaction would be 

cancelled. 

No Bid Series 

Under the current Obvious Error 

Rules ‘‘no bid provisions,’’ electronic 

transactions in option series quoted no 

bid at a nickel (i.e. $0.05 offer) will be 

cancelled provided at least one strike 

price below (for calls) or above (for puts) 

in the same options class was quoted no 

bid at a nickel at the time of execution. 

A ‘‘no bid’’ option refers to an option 

where the bid price is $0.00.11 Series of 

options quoted no bid are typically deep 

out-of-the-money series that are 

perceived as having little if any chance 

of expiring in-the-money. For this 

reason, relatively few transactions occur 

in these series and those that do are 

usually the result of a momentary 

pricing error. In some cases, the pricing 

error is substantial enough such that the 

other provisions in the equity and index 

options obvious error rules become 

applicable. However, in many cases, the 

no bid provisions are the only 

provisions that would apply to the 

pricing error. 

The proposal seeks to revise the no 

bid provision in the Obvious Error Rules 

that provide that the option series must 

be quoted no bid at a nickel and instead 

only require that the option series be 

quoted no bid. The reason for this 

change is that options that are priced at 

no bid, regardless of the offer, are 

typically deep out-of-the-money series 

that are perceived as having little if any 

chance of expiring in-the-money. This is 

especially the case when the series 

below (for calls) or above (for puts) in 

the same option class similar is quoted 

no bid. In this regard, the offer price is 

irrelevant. Therefore, transactions in 

series that are quoted no bid at a dime, 

for example, are just as likely to be the 

result of an obvious error as are 

transactions in series that are quoted no 

bid at a nickel when the series below 

(for calls) or above (for puts) in the same 

option class similarly is quoted no bid. 

2. Statutory Basis 

The Amex represents that the filing 

provides objective guidelines for the 

nullification or adjustment of 

transactions executed at clearly 

erroneous prices. Moreover, the 

proposed rule provides uniformity 

regarding obvious pricing errors, which 

will serve to benefit customers. For 

these reasons, the Exchange believes the 

proposal is consistent with Section 6(b) 

of the Act 12, in general, and furthers the 

objectives of Section 6(b)(5) of the Act,13

in particular, in that it is designed to 

prevent fraudulent and manipulative 

acts and practices, 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 Exchange believes the proposed 

rule change will impose no 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 

No written comments were solicited 

or received by the Exchange on this 

proposal. 

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 Exchange consents, 

the Commission will: 

(A) By order approve the 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. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s Internet 

comment form (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an e-mail to rulecomments@sec.gov. Please include File 

Number SR–Amex–2005–060 on the 

subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Jonathan G. Katz, Secretary, 

Securities and Exchange Commission, 

100 F Street, NE., Washington, DC 

20549–9303. 

All submissions should refer to File 

Number SR–Amex–2005–060. This file 

number should be included on the 

subject line if e-mail is used. To help the 

Commission process and review your 

comments more efficiently, please use 

only one method. The Commission will 

post all comments on the Commission’s 

Internet Web site (http://www.sec.gov/ 

rules/sro.shtml). 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 

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

available for inspection and copying in 

the Commission’s Public Reference 

Room. Copies of the filing also will be 

available for inspection and copying at 

the principal office of the Exchange. All 

comments received will be posted 

without change; the Commission does 

not edit personal identifying 

information from submissions. You 

should submit only information that 

you wish to make available publicly. All 

submissions should refer to File 

Number SR–Amex–2005–060 and 

should be submitted on or before 

November 29, 2005. 

For the Commission, by the Division of 

Market Regulation, pursuant to delegated 

authority.14

Jonathan G. Katz, 

Secretary. 

[FR Doc. 05–22164 Filed 11–7–05; 8:45 am] 

BILLING CODE 8010–01–P 

SMALL BUSINESS ADMINISTRATION 

Reporting and Recordkeeping 

Requirements Under OMB Review 

AGENCY: Small Business Administration. 

ACTION: Notice of Reporting 

Requirements Submitted for OMB 

Review. 

SUMMARY: Under the provisions of the 

Paperwork Reduction Act (44 U.S.C. 

Chapter 35), agencies are required to 

submit proposed reporting and 

recordkeeping requirements to OMB for 

review and approval, and to publish a 

notice in the Federal Register notifying 

the public that the agency has made 

such a submission. 

DATES: Submit comments on or before 

December 8, 2005. If you intend to 

comment but cannot prepare comments 

Federal Register / Vol. 70, No. 215 / Tuesday, November 8, 2005 / Notices 67773 

promptly, please advise the OMB 

Reviewer and the Agency Clearance 

Officer before the deadline. 

COPIES: Request for clearance (OMB 

83–1), supporting statement, and other 

documents submitted to OMB for 

review may be obtained from the 

Agency Clearance Officer. 

ADDRESSES: Address all comments 

concerning this notice to: Agency 

Clearance Officer, Jacqueline White, 

Small Business Administration, 409 3rd 

Street, SW., 5th Floor, Washington, DC 

20416; and 

David_Rostker@omb.eop.gov, fax 

number 202–395–7285 Office of 

Information and Regulatory Affairs, 

Office of Management and Budget. 

FOR FURTHER INFORMATION CONTACT: 

Jacqueline White, Agency Clearance 

Officer, jacqueline.white@sba.gov (202) 

205–7044. 

SUPPLEMENTARY INFORMATION: 

Title: ‘‘8(a) Annual Update’’. 

Form No: 1450. 

Frequency: On Occasion. 

Description of Respondents: 8(a) 

Program Participants. 

Annual Responses: 7,258. 

Annual Burden: 14,516. 

Jacqueline K. White, 

Chief, Administrative Information Branch. 

[FR Doc. 05–22171 Filed 11–7–05; 8:45 am] 

BILLING CODE 8025–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #10222 and #10223] 

Florida Disaster Number FL–00011 

AGENCY: Small Business Administration 

ACTION: Amendment 2. 

SUMMARY: This is an amendment of the 

Presidential declaration of a major 

disaster for the State of Florida (FEMA–

1609–DR), dated 10/24/2005. 

Incident: Hurricane Wilma. 

Incident Period: 10/23/2005 and 

continuing. 

Effective Date: 10/30/2005. 

Physical Loan Application Deadline 

Date: 12/23/2005. 

EIDL Loan Application Deadline Date: 

07/24/2006. 

ADDRESSES: Submit completed loan 

applications to: Small Business 

Administration, National Processing 

and Disbursement Center, 14925 

Kingsport Road, Fort Worth, TX 76155. 

FOR FURTHER INFORMATION CONTACT: A. 

Escobar, Office of Disaster Assistance, 

Small Business Administration, 409 3rd 

Street, Suite 6050, Washington, DC 

20416. 

SUPPLEMENTARY INFORMATION: The notice 

of the Presidential disaster declaration 

for the State of Florida, dated 

10/24/2005 is hereby amended to 

include the following areas as adversely 

affected by the disaster: 

Primary Counties: 

Brevard, Indian River, and 

Okeechobee. 

Contiguous Counties: 

Florida: Orange, Osceola, Polk, 

Seminole, and Volusia. 

All other information in the original 

declaration remains unchanged. 

(Catalog of Federal Domestic Assistance 

Numbers 59002 and 59008.) 

Herbert L. Mitchell, 

Associate Administrator for Disaster 

Assistance. 

[FR Doc. 05–22169 Filed 11–7–05; 8:45 am] 

BILLING CODE 8025–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #10178 and #10179] 

Mississippi Disaster Number MS–

00005 

AGENCY: Small Business Administration. 

ACTION: Amendment 4. 

SUMMARY: This is an amendment of the 

Presidential declaration of a major 

disaster for the State of Mississippi 

(FEMA–1604–DR), dated 08/29/2005. 

Incident: Hurricane Katrina. 

Incident Period: 08/29/2005 through 

10/14/2005. 

Effective Date: 10/27/2005. 

Physical Loan Application Deadline 

Date: 01/11/2006. 

EIDL Loan Application Deadline Date: 

05/29/2006. 

ADDRESSES: Submit completed loan 

applications to: Small Business 

Administration, National Processing 

and Disbursement Center, 14925 

Kingsport Road Fort Worth, TX 76155. 

FOR FURTHER INFORMATION CONTACT: A. 

Escobar, Office of Disaster Assistance, 

U.S. Small Business Administration, 

409 3rd Street, Suite 6050, Washington, 

DC 20416. 

SUPPLEMENTARY INFORMATION: The notice 

of the Presidential disaster declaration 

for the State of Mississippi, dated 08/29/ 

2005 is hereby amended to include the 

following areas as adversely affected by 

the disaster: 

Primary Counties: 

Holmes and Humphreys. 

Contiguous Counties: 

Mississippi: Leflore, Sunflower, and 

Washington. 

All other information in the original 

declaration remains unchanged. 

(Catalog of Federal Domestic Assistance 

Numbers 59002 and 59008) 

Herbert L. Mitchell, 

Associate Administrator for Disaster 

Assistance. 

[FR Doc. 05–22170 Filed 11–7–05; 8:45 am] 

BILLING CODE 8025–01–P 

SMALL BUSINESS ADMINISTRATION 

Audit and Financial Management 

Advisory (AFMAC) Committee Meeting 

The U.S. Small Business 

Administration, Audit and Financial 

Management Advisory Committee 

(AFMAC) will host a public meeting on 

Wednesday, November 9, 2005. The 

meeting will take place at the U.S. Small 

Business Administration, 409 3rd Street, 

SW., Office of Chief Financial Officer 

Conference Room, 6th Floor, 

Washington, DC 20416. The AFMAC 

was established by the Administrator of 

the SBA to provide recommendation 

and advice regarding the Agency’s 

financial management including the 

financial reporting process, systems of 

internal controls, audit process and 

process for monitoring compliance with 

relevant laws and regulations. 

Anyone wishing to attend must 

contact Thomas Dumaresq in writing or 

by fax. Thomas Dumaresq, Chief 

Financial Officer, 409 3rd Street, SW., 

Washington, DC 20416, phone (202) 

205–5406, fax: (202) 205–6869, e-mail: 

thomas.dumaresq@sba.gov. 

Matthew K. Becker, 

Committee Management Officer. 

[FR Doc. 05–22168 Filed 11–7–05; 8:45 am] 

BILLING CODE 8025–01–M 

DEPARTMENT OF STATE 

[Delegation of Authority 285] 

Delegation by the Deputy Secretary to 

the Director and the Deputy Director of 

the Office of Foreign Missions of 

Authority Regarding Certification 

Under the Internal Revenue Code 

By virtue of the authority vested in 

the Secretary of State, including Section 

1 of the State Department Basic 

Authorities Act, as amended (22 U.S.C. 

2651a), and delegated to the Deputy 

Secretary of State pursuant to 

Delegation of Authority 245 of April 23, 

2001, I hereby delegate to the Director 

and Deputy Director of the Office of 

Foreign Missions the certification 

function vested in the Secretary of State 

by 26 U.S.C. 893(b) (section 893(b) of 

the Internal Revenue Code regarding the 

‘‘Compensation of employees of foreign 

governments or organizations’’).