Federal Register / Vol. 60, No. 244 / Wednesday, December 20, 1995 / Proposed Rules 65609

1 45 FR 18618 (April 30, 1982).

VI. Statutory Basis

The amendment to Rule 3a12–8 is

being proposed pursuant to 15 U.S.C.

§§ 78a et seq., particularly Sections

3(a)(12) and 23(a), 15 U.S.C.

§§ 78c(a)(12) and 78w(a).

List of Subjects in 17 CFR Part 240

Reporting and recordkeeping

requirements, Securities.

VII. Text of the Proposed Amendment

For the reasons set forth in the

preamble, the Commission is proposing

to amend Part 240 of Chapter II, Title 17

of the Code of Federal Regulations as

follows:

PART 240—GENERAL RULES AND

REGULATIONS, SECURITIES

EXCHANGE ACT OF 1934

1. The authority citation for part 240

continues to read in part as follows:

Authority: 15 U.S.C. 77c, 77d, 77g, 77j,

77s, 77eee, 77ggg, 77nnn, 77sss, 77ttt, 78c,

78d, 78i, 78j, 78l, 78m, 78n, 78o, 78p, 78q,

78s, 78w, 78x, 78ll(d), 79q, 79t, 80a–20, 80a–

23, 80a–29, 80a–37, 80b–3, 80b–4 and 80b–

11, unless otherwise noted.

* * * * *

2. Section 240.3a12–8 is amended by

removing the word ‘‘or’’ at the end of

paragraph (a)(1)(xv), removing the

‘‘period’’ at the end of paragraph

(a)(1)(xvi) and adding ‘‘; or’’ in its place,

and adding paragraph (a)(1)(xvii),

paragraph (a)(1)(xviii), and paragraph

(a)(1)(xix) to read as follows:

§ 240.3a12–8 Exemption for designated

foreign government securities for purposes

of futures trading.

(a) * * *

(1) * * *

(xvii) the Federative Republic of

Brazil;

(xviii) the Republic of Argentina; or

(xix) the Republic of Venezuela.

* * * * *

By the Commission.

Dated: December 13, 1995.

Jonathan G. Katz,

Secretary.

Note: Appendix A to the Preamble will not

appear in the Code of Federal Regulations.

Appendix A—Regulatory Flexibility

Act Certification

I, Arthur Levitt, Jr., Chairman of the

Securities and Exchange Commission, hereby

certify, pursuant to 5 U.S.C. 605(b), that the

proposed amendment to Rule 3a12–8

(‘‘Rule’’) under the Securities Exchange Act

of 1934 (‘‘Exchange Act’’) set forth in

Securities Exchange Act Release No. 36580,

which would define government debt

securities of Brazil, Argentina and Venezuela

(collectively the ‘‘Proposed Countries’’) as

exempted securities under the Exchange Act

for the purpose of trading futures on such

securities, will not have a significant

economic impact on a substantial number of

small entities for the following reasons. First,

the proposed amendment imposes no recordkeeping or compliance burden in itself and

merely allows, in effect, the marketing and

trading in the United States of futures

contracts overlying the government debt

securities of the Proposed Countries. Second,

because futures contracts on the sixteen

countries whose debt obligations are

designated as ‘‘exempted securities’’ under

the Rule, which already can be traded and

marketed in the U.S., still will be eligible for

trading under the proposed amendment, the

proposal will not affect any entity currently

engaged in trading such futures contracts.

Third, because the level of interest presently

evident in this country in the futures trading

covered by the proposed rule amendment is

modest and those primarily interested are

large, institutional investors, neither the

availability nor the unavailability of these

futures products will have a significant

economic impact on a substantial number of

small entities, as that term is defined for

broker-dealers in 27 CFR 240.0–10 and to the

extent that it is defined for futures market

participants in the Commodity Futures

Trading Commission’s ‘‘Policy Statement and

Establishment of Definitions of ‘Small

Entities’ for Purposes of the Regulatory

Flexibility Act.’’ 1

Dated: December 13, 1995.

Arthur Levitt, Jr.,

Chairman.

[FR Doc. 95–30862 Filed 12–19–95; 8:45 am]

BILLING CODE 8010–01–P

DEPARTMENT OF STATE

22 CFR Part 89

Bureau of Economic and Business

Affairs; Foreign Prohibitions on

Longshore Work by U.S. Nationals

[Public Notice No. 2314]

AGENCY: Department of State.

ACTION: Proposed rule; extension of

Comment Period.

SUMMARY: On November 24, 1995, the

Department of State issued a proposed

rulemaking regarding longshore work by

foreign nationals in U.S. ports and

waters. In response to requests from

several interested parties, the

Department is extending the deadline

for comments by 30 days, from

December 26, 1995 to January 26, 1996.

DATES: Interested parties are invited to

submit comments in triplicate no later

than January 26, 1996.

ADDRESSES: Comments may be mailed to

the Office of Maritime and Land

Transport (EB/TRA/MA), Room 5828,

Department of State, Washington, D.C.

20520–5816.

FOR FURTHER INFORMATION CONTACT:

Richard T. Miller, Office of Maritime

and Land Transport, Department of

State, (202) 647–6961.

SUPPLEMENTARY INFORMATION: On

November 24, 1995, the Department of

State issued a proposed rulemaking (60

FR 58026) updating the list of longshore

work by particular activity, of countries

where performance of such a particular

activity by crewmembers aboard United

States vessels is prohibited by law,

regulation, or in practice in the country.

The crews of ships registered in or

owned by nationals of the countries on

the list may not perform the activities

enumerated on the list. Citing the need

for more time to assess the full effects

of the proposed rule, a number of

parties have requested an extension of

the comment period. Consequently, the

Department will extend the deadline by

30 days, from December 26, 1995 to

January 26, 1996.

(8 U.S.C. 1288, Pub. L. 010–649, 104 Stat.

4878)

Dated: December 14, 1995.

Daniel K. Tarullo,

Assistant Secretary, Economic and Business

Affairs, Department of State.

[FR Doc. 95–30879 Filed 12–19–95; 8:45 am]

BILLING CODE 4710–07–M

DEPARTMENT OF LABOR

Mine Safety and Health Administration

30 CFR Parts 18 and 75

RIN 1219–AA65

Requirements for Approval of FlameResistant Conveyor Belts

AGENCY: Mine Safety and Health

Administration, Labor.

ACTION: Proposed Rule; extension of

comment period.

SUMMARY: In response to requests from

the mining community for additional

time in which to prepare comments, the

Mine Safety and Health Administration

(MSHA) is extending the period for

public comment on its proposed rule

addressing the requirements for

approval of flame-resistant conveyor

belts to be used in underground mines.

DATES: Written comments must be

received on or before February 5, 1996.

ADDRESSES: Send comments to the

Office of Standards, Regulations, and

Variances, MSHA, Room 631, 4015

Wilson Boulevard, Arlington, Virginia

22203.