72372 Federal Register / Vol. 70, No. 232 / Monday, December 5, 2005 / Rules and Regulations 

1See Release No. 33–8518 (Dec. 22, 2004) [70 FR 

1506]. 2 17 CFR 229.1100 and 17 CFR 229.1105. 

3 17 CFR 229.1100 et seq. 4 17 CFR 239.13. 

5 17 CFR 229.601. 

6 17 CFR 229.10 et seq. 7 17 CFR 229.1123. 

would provide additional controlled 

airspace to accommodate the new ILS 

SIAP at Wenatchee/Pangborn Memorial 

Airport, Wenatchee, WA. Interested 

parties were invited to participate in 

this rulemaking proceeding by 

submitting written comments on the 

proposal to the FAA. No comments 

were received. Class E airspace 

designations are published in paragraph 

6005 of FAA Order 7400.9M dated 

August 30, 2004, and effective 

September 16, 2004, which is 

incorporated by reference in 14 CFR 

part 71.1. The Class E airspace 

designations listed in this document 

will be published subsequently in that 

order. 

The Rule 

This amendment to 14 CFR part 71 

revises Class E airspace at Wenatchee, 

WA, by providing additional controlled 

airspace for aircraft executing the new 

ILS SIAP at the Wenatchee/Pangborn 

Memorial Airport. This additional 

controlled airspace extending upward 

from 700 feet or more above the surface 

is necessary for the containment and 

safety of IFR aircraft executing this SIAP 

and transitioning to/from the en route 

environment. 

The FAA has determined that this 

regulation only involves an established 

body of technical regulations for which 

frequent and routine amendments are 

ncessary to keep the regulations current. 

Therefore, this regulation: (1) Is not a 

‘‘significant regulatory action’’ under 

Executive Order 12866; (2) is not a 

‘‘significant rule’’ under DOT 

Regulatory Policies and Procedures (44 

FR 11034; February 26, 1979); and (3) 

does not warrant preparation of a 

regulatory evaluation as the anticipated 

impact is so minimal. Since this is a 

routine matter that will only affect air 

traffic procedures and air navigation, it 

is certified that this rule, when 

promulgated, will not have a significant 

economic impact on a substantial 

number of small entities under the 

criteria of the Regulatory Flexibility Act. 

List of Subjects in 14 CFR Part 71 

Airspace, Incorporation by reference, 

Navigation (air). 

Adoption of the Amendment 

■ In consideration of the foregoing, the 

Federal Aviation Administration 

amends 14 CFR part 71 as follows: 

PART 71—DESIGNATION OF CLASS A, 

CLASS B, CLASS C, CLASS D, AND 

CLASS E AIRSPACE AREAS; ROUTES; 

AND REPORTING POINTS 

■ 1. The authority citation for 14 CFR 

part 71 continues to read as follows: 

Authority: 49 U.S.C. 106(g), 40103, 40113, 

40120; E.O. 10854, 24 FR 9565, 3 CFR, 1959–

1963 Comp., p. 389. 

§ 71.1 [Amended] 

■ 2. The incorporation by reference in 

14 CFR part 71.1 of the Federal Aviation 

Administration Order 7400.9N, 

Airspace Designations and Reporting 

Points, dated September 1, 2005, and 

effective September 16, 2005, is 

amended as follows: 

Paragraph 6005 Class E airspace areas 

extending upward from 700 feet or more 

above the surface of the earth. 

* * * * * 

ANM WA E5 Wenatchee, WA [Revised] 

Wenatchee/Pangborn Municipal Airport, WA 

(Lat. 47°23′56′′ N., long. 120°12′24′′ W.) 

Wenatchee VOR/DME 

(Lat. 47°23′59′′ N., long. 120°12′39′′ W.) 

That airspace extending upward from 700 

feet above the surface within 4.3 miles south 

and 9.5 miles north of the 299° radial from 

the Wenatchee VOR/DME to 17 miles 

northwest of the VOR/DME, and within 4.3 

miles southwest and 8 miles northeast of the 

124° radial from the VOR/DME to 21 miles 

southeast of the VOR/DME, excluding that 

portion within the Moses Lake, Grant 

County, and Quincy Airport, WA, Class E 

airspace areas; that airspace extending 

upward from 1,200 feet above the surface 

bounded by a line beginning at: Lat. 

47°36′00′′ N., long. 120°43′00′′ W.; to lat. 

47°36′00′′ N., long. 119°39′30′′ W.; to lat. 

47°07′00′′ N., long. 119°39′30′′ W.; to lat. 

47°07′00′′ N., long. 120°43′00′′ W.; to the 

point of beginning. Excluding that portion 

within the Moses Lake, Grant County 

Airport, WA, Class E airspace area. 

* * * * * 

Issued in Seattle, Washington, on 

November 10, 2005. 

Raul C. Trevin ̃ o, 

Area Director, Western En Route and Oceanic 

Operations. 

[FR Doc. 05–23634 Filed 12–2–05; 8:45am] 

BILLING CODE 4910–13–M 

SECURITIES AND EXCHANGE 

COMMISSION 

17 CFR Parts 229 and 239 

[Release Nos. 33–8518A; 34–50905A; File 

No. S7–21–04] 

Asset-Backed Securities 

AGENCY: Securities and Exchange 

Commission. 

ACTION: Final rule; technical 

amendments. 

SUMMARY: This document contains 

corrections to final rules which were 

published in the Federal Register on 

Friday, January 7, 2005 (70 FR 1506). 

The rules relate to the registration, 

disclosure and reporting requirements 

for asset-backed securities under the 

Securities Act of 1933 and the Securities 

Exchange Act of 1934. 

DATES: Effective Date: December 5, 2005. 

The Compliance Dates are the same as 

in Release No. 33–8518. 

FOR FURTHER INFORMATION CONTACT: 

Katherine W. Hsu, Special Counsel, 

Office of Rulemaking, at (202) 551–

3430, Division of Corporation Finance, 

U.S. Securities and Exchange 

Commission, 100 F Street, NE., 

Washington, DC 20549. 

SUPPLEMENTARY INFORMATION: On 

December 22, 2004, the Commission 

adopted changes to address 

comprehensively the registration, 

disclosure, and reporting requirements 

for asset-backed securities under the 

Securities Act of 1933 (‘‘Securities Act’’) 

and the Securities Exchange Act of 

1934.1 Items 1100 and 1105 2 of 

Regulation AB3 and General Instruction 

I.B. to Form S–3 4 under the Securities 

Act in the final regulations, as 

published, contain errors that need 

correction. We are also correcting 

language in paragraph 4 of the 

certification for asset-backed issuers 

required by paragraph (b)(31)(ii) of Item 

601 5 of Regulation S–K 6 to conform to 

the corresponding provisions in Item 

1123 7 of Regulation AB. 

Text of Amendments 

List of Subjects in 17 CFR Parts 229 and 

239 

Reporting and recordkeeping 

requirements, Securities. 

■ In accordance with the foregoing, 

Title 17, Chapter II of the Code of 

Federal Regulations is amended as 

follows: 

Federal Register / Vol. 70, No. 232 / Monday, December 5, 2005 / Rules and Regulations 72373 

PART 229—STANDARD 

INSTRUCTIONS FOR FILING FORMS 

UNDER SECURITIES ACT OF 1933, 

SECURITIES EXCHANGE ACT OF 1934 

AND ENERGY POLICY AND 

CONSERVATION ACT OF 1975—

REGULATION S–K 

■ 1. The authority citation for part 229 

continues to read in part as follows: 

Authority: 15 U.S.C. 77e, 77f, 77g, 77h, 77j, 

77k, 77s, 77z–2, 77z–3, 77aa(25), 77aa(26), 

77ddd, 77eee, 77ggg, 77hhh, 77iii, 77jjj, 

77nnn, 77sss, 78c, 78i, 78j, 78l, 78m, 78n, 

78o, 78u–5, 78w, 78ll, 78mm, 79e, 79j, 79n, 

79t, 80a–8, 80a–9, 80a–20, 80a–29, 80a–30, 

80a–31(c), 80a–37, 80a–38(a), 80a–39, 80b–

11, and 7201 et seq.; and 18 U.S.C. 1350, 

unless otherwise noted. 

§ 229.601 [Amended] 

■ 2. Section 229.601 is amended by 

adding the phrase ‘‘in all material 

respects’’ after the words ‘‘servicing 

agreement(s)’’ in both places that those 

words appear in paragraph (4) of the 

Certifications section that follows the 

introductory language in paragraph 

(b)(31)(ii). 

§ 229.1100 [Amended] 

■ 3. Section 229.1100 is amended by 

revising the heading to the instruction 

to paragraph (c)(2) that reads 

‘‘Instruction to Item 1101(c)(2)’’ to read 

‘‘Instruction to Item 1100(c)(2)’’. 

§ 229.1105 [Amended] 

■ 4. Section 229.1105 is amended by 

revising the phrase ‘‘weighted average 

initial pool balance’’ in the second 

sentence of paragraph (a)(3)(iii) to read 

‘‘weighted average initial loan balance’’. 

PART 239—FORMS PRESCRIBED 

UNDER THE SECURITIES ACT OF 1933 

■ 5. The authority citation for part 239 

continues to read in part as follows: 

Authority: 15 U.S.C. 77f, 77g, 77h, 77j, 77s, 

77z–2, 77sss, 78c, 78l, 78m, 78n, 78o(d), 

78u–5, 78w(a), 78ll(d), 79e, 79f, 79g, 79j, 79l, 

79m, 79n, 79q, 79t, 80a–8, 80a–24, 80a–26, 

80a–29, 80a–30, and 80a–37, unless 

otherwise noted. 

■ 6. Form S–3 is amended by revising 

paragraph (b) of General Instruction 

I.B.5. to read as follows: 

Note: The text of Form S–3 does not, and 

this amendment will not, appear in the Code 

of Federal Regulations. 

Form S–3 

* * * * * 

General Instructions 

I. Eligibility Requirements for Use of 

Form S–3 

* * * * * 

B. Transaction Requirements * * * 

5. Offerings of Investment Grade AssetBacked Securities 

(a) * * * 

(b) Securities relating to an offering of 

asset-backed securities registered in 

accordance with paragraph (a) of this 

General Instruction I.B.5 where those 

securities represent an interest in or the 

right to the payments of cash flows of 

another asset pool and meet the 

requirements of Securities Act Rule 

190(c)(1) through (4) (17 CFR 

230.190(c)(1) through (4)). 

* * * * * 

Dated: November 29, 2005. 

Jonathan G. Katz, 

Secretary. 

[FR Doc. 05–23614 Filed 12–2–05; 8:45 am] 

BILLING CODE 8010–01–P 

DEPARTMENT OF COMMERCE 

International Trade Administration 

19 CFR Part 360 

[Docket No.: 040305083–5249–03] 

RIN 0625–AA64 

Steel Import Monitoring and Analysis 

System 

AGENCY: Import Administration, 

International Trade Administration, 

Department of Commerce. 

ACTION: Final rule. 

SUMMARY: The Department of Commerce 

publishes this action to make final an 

interim final rule that extended and 

expanded the Steel Import Monitoring 

and Analysis (SIMA) system until 

March 21, 2009. This action also 

expands the list of covered items to 

include all basic steel mill products, but 

it also removes certain downstream steel 

products, which were formerly covered 

products (certain fittings and flanges, 

certain cold formed shapes, and certain 

bars). The purpose of the SIMA system 

is to provide statistical data on steel 

imports entering the United States seven 

weeks earlier than is otherwise publicly 

available. The data collected on the 

licenses are made available to the public 

in an aggregated form weekly after 

Commerce review. 

DATES: This final rule is effective 

December 5, 2005. 

FOR FURTHER INFORMATION CONTACT: For 

information on the SIMA system, please 

contact Kelly Parkhill (202) 482–3791; 

Julie Al-Saadawi (202) 482–1930. 

SUPPLEMENTARY INFORMATION: The SIMA 

system (formerly referred to as Steel 

Monitoring and Analysis system) was 

originally outlined in the President’s 

March 5, 2002, Proclamation about Steel 

Safeguards, which also placed tariffs 

temporarily on many steel imports and 

provided the steel industry time to 

restructure. The monitoring system 

outlined in the President’s Proclamation 

required all importers of steel products 

to obtain a license from the Department 

of Commerce prior to completing their 

Customs import summary 

documentation. The original intent was 

to provide a monitoring tool to ensure 

that the effectiveness of the safeguard 

was not undermined by large quantities 

of imports originating from countries 

that were excluded from the tariffs. On 

December 4, 2003, the President issued 

a proclamation that terminated the steel 

safeguard measures, but directed the 

Secretary of Commerce to continue the 

monitoring system until the earlier of 

March 21, 2005, or such time as the 

Secretary of Commerce establishes a 

replacement program. On December 9, 

2003, the Department of Commerce 

published a notice stating that the 

system would continue in effect as 

described in the Proclamation until 

March 21, 2005 (68 FR 68594). 

On August 25, 2004, the Department 

published an advanced notice of 

proposed rulemaking soliciting 

comments from the public on whether 

to continue the monitoring system 

beyond March 21, 2005 (69 FR 52211) 

and, if extended, whether the system 

should be modified in any way. The 

Department received a number of 

submissions from a wide range of 

interested parties, including steel 

producers, steel consumers, steel 

suppliers, and importers as well as 

Congressional and foreign interests. On 

March 11, 2005, the Department 

published an interim final rule 

responding to these comments from the 

public and implementing a slightly 

expanded version of SIMA until March 

21, 2009. The Department received 

forty-two submissions from a wide 

range of interested parties. Please refer 

to the SIMA system’s Web site to read 

the comments on the Interim Rule and 

for further information about the SIMA 

system: http://ia.ita.doc.gov/steel/ 

license/. 

Final Rule 

The purpose of the SIMA system is to 

collect timely detailed statistics on steel 

imports and to provide stakeholders 

with information about import trends in 

this sector. The SIMA system aggregates 

detailed import statistics it collects from 

internet-generated licenses and makes 

the data available for public analysis on 

a weekly basis. The data gathering