Federal Register / Vol. 60, No. 245 / Thursday, December 21, 1995 / Notices 66333

1 15 U.S.C. 78s(b)(1) (1988).

2Cf. PSE Const., Art. IV, § 5(a) (similar provision

for Equity Allocation Committee).

3The OAC currently evaluates Market Makers

and Lead Market Makers pursuant to Options Floor

Procedure Advice B–13.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–31087 Filed 12–20–95; 8:45 am]

BILLING CODE 8010–01–M

[Release No. 34–36592; File No. SR–PSE–

95–29]

Self-Regulatory Organizations; Notice

of Filing of Proposed Rule Change by

the Pacific Stock Exchange, Inc.

Relating to the Composition and

Duties of the Options Allocation

Committee of the Exchange

December 14, 1995.

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

Securities Exchange Act of 1934

(‘‘Act’’),1 notice is hereby given that on

November 15, 1995, the Pacific Stock

Exchange Incorporated (‘‘PSE’’ or

‘‘Exchange’’) filed with the Securities

and Exchange Commission

(‘Commission’’) the proposed rule

change as described in Items I, II, and

III below, which Items have been

prepared by the self-regulatory

organization. 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 PSE proposes to amend the rules

relating to the composition and duties of

its Options Allocation Committee

(‘‘OAC’’).

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 these statements may be examined at

the places specified in Item IV below.

The self-regulatory organization has

prepared summaries, set forth in

Sections (A), (B), and (C) below, of the

most significant aspects of such

statements.

(A) Self-Regulatory Organization’s

Statement of the Purpose of, and

Statutory Basis for, the Proposed Rule

Change

The Exchange proposes to make five

changes to PSE Rule 11.10(c). First, the

Rule currently provides in part that the

OAC shall consist of Floor Brokers and

Market Makers. The Exchange proposes

to amend this provision to provide that

the OAC shall consist of Market Makers,

Lead Market Makers, Floor Brokers,

and/or persons associated with floor

members, office members or office allied

members.2

Second, Commentary .01 to Rule

11.10(c) currently provides that the

OAC shall be comprised of (i) two Floor

Brokers from either the Options Floor

Trading Committee or the Options

Listing Committee; (ii) two Market

Makers or Lead Market Makers from

either the Options Floor Trading

Committee or the Options Listing

Committee; (iii) three at-large Floor

Brokers; and (iv) three at-large Market

Makers or Lead Market Makers. The

Exchange proposes to amend this

provisions to provide that attempts shall

be made in order for the OAC to have

a composition that includes: Floor

Brokers from either the Options Floor

Trading Committee or the Options

Listing Committee; Market Makers or

Lead Market Makers from either the

Options Floor Trading Committee or the

Options Listing Committee; at-large

Floor Brokers; and at-large Market

Makers or Lead Market Makers.

Third, the Exchange proposes to

eliminate the provision in Commentary

.01 that the OAC shall be limited to no

more than three members of the Options

Floor Trading Committee and no more

than three members of the Options

Listing Committee.

Fourth, Rule 11.10(c) currently

provides that it shall be the duty of the

OAC to allocate, reallocate and evaluate

options issues. The Exchange proposes

to change this provision to provide that

the OAC shall allocate and reallocate

option issues.

Finally, Rule 11.10(c) currently

provides that the OAC shall be

responsible for monitoring the

performances of trading crowds and

Lead Market Makers. The Exchange

proposes to change this provision to

provide that the OAC shall be

responsible for evaluating and

monitoring the performances of Market

Makers, trading crowds and Lead

Market Makers.3

The Exchange believes that the

current rules on the composition of the

OAC are unnecessarily restrictive and

that the proposed changes to these rules

are appropriate in order to allow for

greater flexibility in the committee

selection process and the process for

replacing committee members who

resign or change their status in regard to

floor membership or service on other

committees of the Exchange. With

regard to the proposed changes to the

rules on the duties of the OAC, the

Exchange believes that they clarify the

existing rules and do not otherwise

change the way business is conducted

on the Exchange.

The Exchange believes that the

proposal is consistent with Section 6(b)

of the Act, in general, and Section

6(b)(5), in particular, in that it promotes

just and equitable principles of trade,

and Section 6(b)(4), in particular, in that

it assures a fair representation of

members in the administration of the

affairs of the Exchange.

(B) Self-Regulatory Organization’s

Statement on Burden on Competition

The Exchange 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

Written comments on the proposed

rule change were neither solicited nor

received.

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

organizations 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.

Persons making written submissions

should file six copies thereof with the

Secretary, Securities and Exchange

Commission, 450 Fifth Street, NW.,

Washington, DC 20549. 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
66334 Federal Register / Vol. 60, No. 245 / Thursday, December 21, 1995 / Notices

4 17 CFR 200.20–3(a)(12) (1994).

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, 450 Fifth Street, NW.,

Washington, DC. Copies of such filing

will also be available for inspection and

copying at the principal office of the

above-mentioned self-regulatory

organization. All submissions should

refer to File No. SR–PSE–95–29 and

should be submitted by January 11,

1996.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.4

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–31088 Filed 12–20–95; 8:45 am]

BILLING CODE 8010–01–M

SELECTIVE SERVICE SYSTEM

Notice to Registrants Who Have

Attained Age 26 Years

Registrants who have attained age 26

years do not have the duty to notify the

Selective Service System of a change in

their address.

If a registrant notifies the System of a

change in his address the System may

record it.

This notice is issued pursuant to my

authority in 32 CFR 1621.1.

Dated: December 14, 1995.

Gil Coronado,

Director of Selective Service.

[FR Doc. 95–31000 Filed 12–20–95; 8:45 am]

BILLING CODE 8015–01–M

DEPARTMENT OF STATE

Bureau of Political-Military Affairs

[Public Notice 2313]

Policy on Munitions Export Licenses to

Nigeria

AGENCY: Department of State.

ACTION: Public notice.

SUMMARY: Notice is hereby given that all

licenses and other approvals to export

or otherwise transfer commercial

defense articles or defense services to

Nigeria are suspended until further

notice. This action is being taken

pursuant to Section 38 and 42 of the

Arms Export Control Act.

EFFECTIVE DATE: November 10, 1995.

FOR FURTHER INFORMATION CONTACT:

Richard Sherman, Office of Arms

Transfer and Export Control Policy,

Bureau of Political-Military Affairs,

Department of State (202 647–4231).

SUPPLEMENTARY INFORMATION: On

November 10, President Clinton

announced a ban on the sale and repair

of military goods and services to

Nigeria. It is thus the policy of the U.S.

Government to deny all new, and

suspend all previously issued, licenses

and other approvals to export or

otherwise transfer commercial defense

articles and defense services to Nigeria.

This action is being taken to underscore

the importance the United States

attaches to an orderly and timely

transition to unhindered elected civilian

government, as well as to respect for

human rights.

The licenses and approvals subject to

this policy include those which permit

commercial defense article and service,

including repair service, exports of any

kind (e.g. licenses and other approvals

for manufacturing license agreements,

technical assistance agreements, and

technical data exports), involving

Nigeria, subject to the Arms Export

Control Act. This policy also prohibits

the use in connection with Nigeria of

any exemptions from licensing or other

approval requirements included in the

International Traffic in Arms

Regulations (ITAR) (22 CFR Parts 120–

130), with the exception of the

exemption specified at 22 CFR

125.4(b)(13).

This action has been taken pursuant

to Sections 38 and 42 of the Arms

Export Control Act (22 U.S.C. Sections

2778 and 2791) and Section 126.7 of the

ITAR in furtherance of the foreign

policy of the United States. In

accordance with Sections 126.3 and

126.7 of the ITAR, affected persons

desiring review of this policy with

regard to a particular export may

petition the Director, Office of Defense

Trade Controls.

Dated: December 11, 1995.

Thomas E. McNamara,

Assistant Secretary, Bureau of PoliticalMilitary Affairs, Department of State.

[FR Doc. 95–31108 Filed 12–20–95; 8:45 am]

BILLING CODE 4710–25–M

[Public Notice No. 2308]

United States International

Telecommunications Advisory

Committee, Radiocommunication

Sector, Working Parties of Study

Group 9; Meeting

The Department of State announces

that the United States International

Telecommunications Advisory

Committee (ITAC),

Radiocommunication Sector, Study

Group 9, (Radio relay systems), Working

Parties will meet on January 9 and 10,

1996 at the Federal Communication

Commission, 2000 M Street, NW,

Washington, DC 20554.

The meetings will be convened as

follows:

Working Party 9C (HF Systems)—

January 9, 1:30 pm, Room 501.

This meeting will address

organizational and working plans for the

coming cycle including consideration of

Recommendation GT PLEN B (Annex 1)

for WRC–97.

Working Parties 9A (Performance and

interface of radio relay systems), 9B

(Channel plans), and 9D (Sharing with

other services except the fixed

satellite service)—January 10, 9:30

am, Room 847.

This joint meeting will address the

development of a work plan for the

coming cycle with emphasis on

preparations of sharing studies required

for WRC–97.

Joint Working Party 4–9/S (Sharing

between the fixed service and fixedsatellite service)—January 10, 1:30

pm, Room 847.

This meeting will continue

development of the work plan for the

coming cycle.

Members of the General Public may

attend the meetings and join in the

discussions, subject to the instructions

of the Chairman. Those planning to

attend the meeting should contact Mr.

Alex Latker by phone at (202) 418–0767

or by fax at (202) 418–0765.

Dated: December 11, 1995.

Warren G. Richards,

Chairman, U.S. ITAC for ITU–

Radiocommunication Sector.

[FR Doc. 95–31001 Filed 12–20–95; 8:45 am]

BILLING CODE 4710–45–M

[Public Notice No. 2309]

United States International

Telecommunications Advisory

Committee (ITAC), Standardization

Sector (ITAC–T), National Study Group

and ITAC–T Study Group A; Meeting

The Department of State announces

that the United States International

Telecommunications Advisory

Committee (ITAC), Telecommunications

Standardization Sector (ITAC–T)

National Study Group and Study Group

A will meet on the following dates,

times and venue in Washington, DC:

ITAC–T Study Group A, January 30,

1996, 9:30 a.m.—4:00 p.m., at the