Federal Register / Vol. 75, No. 99 / Monday, May 24, 2010 / Notices 28847 

6 17 CFR 200.30–3(a)(12). 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3 15 U.S.C. 78f(b). 

4 15 U.S.C. 78f(b)(5). 

5 15 U.S.C. 78k–1(a)(1). 

Reference Section, 100 F Street, NE., 

Washington, DC 20549. Copies of such 

filings will also 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–NSX– 

2010–05 and should be submitted on or 

before June 3, 2010. 

For the Commission by the Division of 

Trading and Markets, pursuant to the 

delegated authority.6

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. 2010–12424 Filed 5–21–10; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–62132; File No. SR–CBOE– 

2010–047] 

Self-Regulatory Organizations; 

Chicago Board Options Exchange, 

Incorporated; Notice of Filing of a 

Proposed Rule Change Related to 

Individual Stock Trading Pauses Due 

to Extraordinary Market Volatility 

May 19, 2010. 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 (the 

‘‘Act’’),1 and Rule 19b–4 thereunder,2

notice is hereby given that on May 18, 

2010, the Chicago Board Options 

Exchange, Incorporated (the ‘‘Exchange’’ 

or ‘‘CBOE’’) filed with the Securities and 

Exchange Commission (the 

‘‘Commission’’) the proposed rule 

change as described in Items I, II, and 

III below, which Items have been 

prepared by the Exchange. The 

Commission is publishing this notice to 

solicit comments on the proposed rule 

change from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Exchange is proposing to amend 

trading procedures on a pilot basis for 

certain stocks traded on the CBOE Stock 

Exchange (‘‘CBSX’’), the CBOE’s stock 

trading facility. The text of the proposed 

rule change is available on the 

Exchange’s Web site (http:// 

www.cboe.org/Legal), at the Office of the 

Secretary, CBOE and at the Commission. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, the 

self-regulatory organization included 

statements concerning the purpose of 

and basis for the proposed rule change 

and discussed any comments it received 

on the proposed rule change. The text 

of those statements may be examined at 

the places specified in Item IV below. 

The Exchange has prepared summaries, 

set forth in sections A, B, and C below, 

of the most significant parts of such 

statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and the 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The primary listing markets for U.S. 

stocks are in the process of amending 

their rules so that they may, from time 

to time, issue a trading pause for an 

individual stock if the price of such 

stock moves 10% or more from a sale in 

a preceding five-minute period. The 

Exchange is proposing the rule change 

described below in consultation with 

U.S. listing markets and Commission 

staff to provide for uniform market-wide 

trading pause standards for individual 

stocks in the S&P 500 Index that 

experience rapid price movement, as set 

forth below. The Exchange is not 

currently the primary listing market for 

any stocks, and thus, will not be issuing 

any trading pauses pursuant to its rules. 

The Exchange proposes to add a new 

Rule 6.3C to allow CBSX to halt trading 

in an individual stock when the primary 

listing market for such stock issues a 

trading pause in any Circuit Breaker 

Stocks, as defined below and in 

proposed Rule 6.3C.03. CBSX will 

resume trading once trading has 

resumed on the primary listing market. 

If, however, trading has not resumed on 

the primary listing market after ten 

minutes have passed since the 

individual stock trading pause message 

has been received from the responsible 

single plan processor, CBSX may 

resume trading in such stock. 

The proposed rule would apply to 

trading pauses issued by primary listing 

markets in ‘‘Circuit Breaker Stocks,’’ as 

defined in proposed Rule 6.3C.03. 

Specifically, on a pilot basis, set to end 

on December 10, 2010, Circuit Breaker 

Stocks would mean the stocks included 

in the S&P 500 Index. Thus, proposed 

Rule 6.3C would be in effect only with 

respect to stocks in the S&P 500 Index. 

Upon reopening, a rotation shall be 

held in the individual stock on CBSX 

unless the Exchange concludes that a 

different method of reopening is 

appropriate under the circumstances, 

including but not limited to, no rotation, 

an abbreviated rotation or any other 

variation in the manner of the rotation. 

Lastly, nothing in the proposed Rule 

shall be construed to limit the ability of 

the Exchange to halt or suspend trading 

in any security or securities traded on 

the Exchange pursuant to any other 

Exchange rule or policy. 

In addition to adding a new Rule 

6.3C, the Exchange has also proposed 

minor changes to Rules 6.2B and 52.3. 

To make clear that the existing trading 

halt described in Rule 6.2B applies to all 

stocks traded on the Exchange, the 

Exchange has added the word 

‘‘marketwide’’ to the title of Rule 6.2B. 

Finally, the Exchange has proposed to 

include a cross-reference to proposed 

Rule 6.2C in Rule 52.3. 

2. Statutory Basis 

Approval of the rule change proposed 

in this submission is consistent with the 

requirements of the Act and the rules 

and regulations thereunder that are 

applicable to a national securities 

exchange, and, in particular, with the 

requirements of Section 6(b) of the Act.3

In particular, the proposed change is 

consistent with Section 6(b)(5) of the 

Act,4 because it would promote just and 

equitable principles of trade, remove 

impediments to, and perfect the 

mechanism of, a free and open market 

and a national market system, and, in 

general, protect investors and the public 

interest. The proposed rule change is 

also designed to support the principles 

of Section 11A(a)(1) 5 of the Act in that 

it seeks to assure fair competition 

among brokers and dealers and among 

exchange markets. The Exchange 

believes that the proposed rule meets 

these requirements in that it promotes 

transparency and uniformity across 

markets concerning decisions to pause 

trading in a stock when there are 

significant price movements. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

CBOE 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. 

WReier-Aviles on DSKGBLS3C1PROD with NOTICES

28848 Federal Register / Vol. 75, No. 99 / Monday, May 24, 2010 / Notices 

6The Commission notes that the exchange has 

requested accelerated approval of the filing. 

7The Commission believes that a 10-day 

comment period is reasonable, given the urgency of 

the matter. It will provide adequate time for 

comment. 

8 17 CFR 200.30–3(a)(12). 

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 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 self-regulatory 

organization 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.6

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–CBOE–2010–047 on the 

subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Elizabeth M. Murphy, Secretary, 

Securities and Exchange Commission, 

100 F Street, NE., Washington, DC 

20549–1090. 

All submissions should refer to File 

Number SR–CBOE–2010–047. 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 Web site viewing and 

printing in the Commission’s Public 

Reference Room, 100 F Street, NE., 

Washington, DC 20549, on official 

business days between the hours of 10 

a.m. and 3 p.m. Copies of such filing 

also will be available for inspection and 

copying at the principal office of the 

CBOE. 

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–CBOE–2010–047 and 

should be submitted on or before June 

3, 2010.7

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.8

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. 2010–12425 Filed 5–21–10; 8:45 am] 

BILLING CODE 8010–01–P 

DEPARTMENT OF STATE 

[Public Notice 7027] 

Culturally Significant Objects Imported 

for Exhibition Determinations: ‘‘The 

Original Copy: Photography of 

Sculpture, 1839 to Today’’ 

SUMMARY: Notice is hereby given of the 

following determinations: Pursuant to 

the authority vested in me by the Act of 

October 19, 1965 (79 Stat. 985; 22 U.S.C. 

2459), Executive Order 12047 of March 

27, 1978, the Foreign Affairs Reform and 

Restructuring Act of 1998 (112 Stat. 

2681, et seq.; 22 U.S.C. 6501 note, et 

seq.), Delegation of Authority No. 234 of 

October 1, 1999, Delegation of Authority 

No. 236 of October 19, 1999, as 

amended, and Delegation of Authority 

No. 257 of April 15, 2003 [68 FR 19875], 

I hereby determine that the objects to be 

included in the exhibition ‘‘The Original 

Copy: Photography of Sculpture, 1839 to 

Today,’’ imported from abroad for 

temporary exhibition within the United 

States, are of cultural significance. The 

objects are imported pursuant to loan 

agreements with the foreign owners or 

custodians. I also determine that the 

exhibition or display of the exhibit 

objects at The Museum of Modern Art, 

New York, NY, from on or about August 

1, 2010, until on or about November 1, 

2010, and at possible additional 

exhibitions or venues yet to be 

determined, is in the national interest. 

I have ordered that Public Notice of 

these Determinations be published in 

the Federal Register. 

FOR FURTHER INFORMATION CONTACT: For 

further information, including a list of 

the exhibit objects, contact Julie 

Simpson, Attorney-Adviser, Office of 

the Legal Adviser, U.S. Department of 

State (telephone: 202–632–6467). The 

mailing address is U.S. Department of 

State, SA–5, L/PD, Fifth Floor (Suite 

5H03), Washington, DC 20522–0505. 

Dated: May 17, 2010. 

Maura M. Pally, 

Deputy Assistant Secretary for Professional 

and Cultural Exchanges, Bureau of 

Educational and Cultural Affairs, Department 

of State. 

[FR Doc. 2010–12445 Filed 5–21–10; 8:45 am] 

BILLING CODE 4710–05–P 

DEPARTMENT OF STATE 

[Public Notice 7025] 

Determination and Certification Under 

Section 40a of the Arms Export Control 

Act 

Pursuant to section 40A of the Arms 

Export Control Act (22 U.S.C. 2781), and 

Executive Order 11958, as amended, I 

hereby determine and certify to the 

Congress that the following countries 

are not cooperating fully with United 

States antiterrorism efforts: Cuba; 

Eritrea; Iran; Democratic People’s 

Republic of Korea (DPRK, or North 

Korea); Syria; Venezuela. 

This determination and certification 

shall be transmitted to the Congress and 

published in the Federal Register. 

Dated: May 5, 2010. 

James B. Steinberg, 

Deputy Secretary of State. 

[FR Doc. 2010–12437 Filed 5–21–10; 8:45 am] 

BILLING CODE 4710–10–P 

DEPARTMENT OF STATE 

[Public Notice: 7024] 

Lifting of Policy of Denial of Munitions 

Export Licenses and Other Approvals 

Destined for Tula Instrument Design 

Bureau 

SUMMARY: The Department of State is 

lifting the policy of denial for Tula 

Instrument Design Bureau pursuant to 

WReier-Aviles on DSKGBLS3C1PROD with NOTICES