Federal Register / Vol. 60, No. 47 / Friday, March 10, 1995 / Notices 13201

or the order entry firm commissions or

commission-equivalents regarding the

handling of a limit order, provided that

the member makes those charges clear

to the customer. In this connection, the

NASD notes that Nasdaq market makers

are free to negotiate additional

compensation from order routing firms

to the extent that such compensation is

economically and competitively

justified. Similarly, the Interpretation

continues in place the understanding

that nothing in the Interpretation would

obligate a market maker to accept limit

orders from any or all customers or

member firms.

The NASD believes that the proposed

rule change is consistent with Section

15A(b)(6) in that these proposed

changes are designated to prevent

fraudulent and manipulative acts and

practices, to promote just and equitable

principles of trade, to facilitate

transactions in these securities, to

remove impediments to and to perfect

the mechanism of free and open market

and a national market system, and in

general to protect investors and the

public interest.

(b) Self-Regulatory Organization’s

Statement on Burden on Competition

The NASD does not believe that the

proposed rule change will result in any

burden on competition that is not

necessary or appropriate in furtherance

of the purposes of the Act, as amended.

Accordingly, while the NASD will

monitor carefully for any adverse

competitive effects of the Interpretation,

it believes that any adverse effects are

far outweighed by the enhanced

execution opportunities provided public

investors.

(C) Self-Regulatory Organization’s

Statement on Comments on the

Proposed Rule Change Received From

Members, Participants, or Others

Written comments 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 NASD 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

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 such filing will also be

available for inspection and copying at

the principal office of the NASD. All

submissions should refer to SR–NASD–

94–62, Amendment No. 2 and should be

submitted by March 27, 1995.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority, 17 CFR 200.30–3(a)(12).

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–6088 Filed 3–8–95; 12:34 pm]

BILLING CODE 8010–01–M

DEPARTMENT OF STATE

Bureau of Political-Military Affairs

[Public Notice 2176]

Imposition of Chemical and Biological

Weapons Proliferation Sanctions on

Foreign Persons

AGENCY: Department of State.

ACTION: Notice.

SUMMARY: The United States

Government has determined that three

companies have engaged in chemical

weapons proliferation activities that

require the imposition of sanctions

pursuant to the Arms Export Control

Act and the Export Administration Act

of 1979 (the authorities of which were

most recently continued by Executive

Order 12924 of August 19, 1994), as

amended by the Chemical and

Biological Weapons Control and

Warfare Elimination Act of 1991.

EFFECTIVE DATE: February 18, 1995.

FOR FURTHER INFORMATION CONTACT:

Vann H. Van Diepen, Office of

Chemical, Biological and Missile

Nonproliferation, Bureau of PoliticalMilitary Affairs, Department of State

(202–647–4930).

SUPPLEMENTARY INFORMATION: Pursuant

to Sections 81(a) and 81(b) of the Arms

Export Control Act (22 U.S.C. 2798(a),

2798(b)), Sections 11C(a) and 11C(b) of

the Export Administration Act of 1979

(50 U.S.C. app. 2410c(a), 2410c(b)),

Section 305 of the Chemical and

Biological Weapons Control and

Warfare Elimination Act of 1991 (P.L.

102–182), Executive Order 12851 of

June 11, 1993, and State Department

Delegation of Authority No. 145 of

February 4, 1980, as amended, the

United States Government determined

that the following foreign persons,

currently operating in the Asia-Pacific

region, have engaged in chemical

weapons proliferation activities that

require the imposition of the sanctions

described in Section 81(c) of the Arms

Export Control Act (22 U.S.C. 2798(c))

and Section 11C(c) of the Export

Administration Act of 1979 (50 U.S.C.

app. 2410c(c)):

1. Asian Ways Limited

2. WorldCo Limited

3. Mainway International

Accordingly, the following sanctions

are being imposed:

(A) Procurement Sanction.—The

United States Government shall not

procure, or enter into any contract for

the procurement of, any goods or

services from the sanctioned persons;

and

(B) Import Sanction.—The

importation into the United States of

products produced by the sanctioned

persons shall be prohibited.

These sanctions apply not only to the

companies described above, but also to

their divisions, subunits, and any

successor entities. Questions as to

whether a particular transaction is

affected by the sanctions should be

referred to the contact listed above. The

sanctions shall commence on February

18, 1995. they will remain in place for

at least one year and until further

notice.

These measures shall be implemented

by the responsible agencies as provided

in Executive Order 12851 of June 11,

1993.

Dated: March 1, 1995.

Thomas E. McNamara,

Assistant Secretary of State for PoliticalMilitary Affairs.

[FR Doc. 95–6007 Filed 3–9–95; 8:45 am]

BILLING CODE 4710–25–M