Federal Register / Vol. 60, No. 58 / Monday, March 27, 1995 / Notices 15809

10 17 CFR 200.30–3(a)(12) (1994).

1The Phlx’s minor rule violation enforcement

and reporting plan (‘‘minor rule plan’’), codified in

Phlx Rule 970, contains floor procedure advices

with accompanying fine schedules. Rule 19d–

1(c)(2) authorizes national securities exchanges to

adopt minor rule violation plans for summary

discipline and abbreviated reporting; Rule 19d–

1(c)(1) requires prompt filing with the Commission

of any final disciplinary actions. However, minor

rule violations not exceeding $2,500 are deemed not

final, thereby permitting periodic, as opposed to

immediate, reporting. Violations of Advice F–4 are

currently subject to a minor rule plan citation and

fine.

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.

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, N.W.,

Washington, D.C. 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

Section, 450 Fifth Street, N.W.,

Washington, D.C. Copies of such filing

will also be available for inspection and

copying at the principal office of the

Phlx. All submissions should refer to

File No. SR–Phlx–95–02 and should be

submitted by April 17, 1995.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.10

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–7448 Filed 3–24–95; 8:45 am]

BILLING CODE 8010–01–M

[Release No. 34–35512; File No. SR–Phlx–

95–15]

Self-Regulatory Organizations; Notice

of Filing and Immediate Effectiveness

of Proposed Rule Change by the

Philadelphia Stock Exchange, Inc.

Relating to the Codification of Order

Ticket Marking Requirements

March 17, 1995.

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

Securities Exchange Act of 1934

(‘‘Act’’), 15 U.S.C. 78s(b)(1), notice is

hereby given that on March 13, 1995,

the Philadelphia Stock Exchange, Inc.

(‘‘Phlx’’ 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 Phlx proposes to consolidate and

codify its order ticket marking

requirements under Floor Procedure

Advice (‘‘Advice’’) F–4. The text of the

proposed rule change is available at the

Office of the Secretary, Phlx 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

Phlx included statements concerning

the purpose of the 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 Phlx 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 purpose of the proposed rule

change is to list the order ticket marking

requirements in a single advice to

facilitate floor compliance. By providing

a sort of checklist of required marks and

by placing the checklist in the Floor

Procedure Advice Handbook for ease of

reference, the Exchange believes that it

will be easier for trading floor personnel

to identify and verify in a timely fashion

whether an order ticket has been

properly marked.

Currently, Advice F–4 requires order

tickets for spreads, straddles,

combinations and synthetics that

receive spread priority to be marked

accordingly (e.g., ‘‘sp,’’ ‘‘st,’’ etc.). This

existing requirements, which is now

proposed to be labelled as paragraph (a),

contains a fine schedule for violations,

administered pursuant to the

Exchange’s minor rule violation

enforcement and reporting plan.1

Proposed paragraph (b) would not

contain a fine schedule, and therefore,

does not require an amendment to the

Exchange’s minor rule plan. Instead,

failure to mark the order ticket is a

violation of the rule or advice, subject

to the applicable fine, if any, requiring

that mark, not Advice F–4(b). For

example, failure to mark ‘‘SS’’

respecting a trade designated as ‘‘sold

sale’’ violates Advice F–3. Proposed

Advice F–4(b) does not in and of itself

impose new marking requirements.

In recent years, several new order

types and marking requirements have

been introduced on the options floors.

For example, ‘‘BD’’ for purposes of the

Ten-up Rule, and ‘‘F’’ respecting

facilitation orders may be required on

order tickets. In each case, the Phlx

believes that marking the floor ticket

correctly is instrumental to ensuring to

proper handling of the order in the

trading crowd.

The Phlx believes the proposed rule

change is consistent with Section 6(b) of

the Act in general and furthers the

objectives of Section 6(b)(5) in

particular in that it is designed to

prevent fraudulent and manipulative

acts and practices, as well as to protect

investors and the public interest.

B. Self-Regulatory Organization’s

Statement on Burden on Competition

The Exchange does not believe the

proposed rule change will impose any

inappropriate burden on competition.

C. Self-Regulatory Organization’s

Statement on Comments on the

Proposed Rule Change Received From

Members, Participants or Others

The Exchange has neither solicited

nor received written comments on the

proposed rule change.

III. Date of Effectiveness of the

Proposed Rule Change and Timing for

Commission Action

Because the foregoing proposed rule

change: (1) Does not significantly affect

the protection of investors or the public

interest; (2) does not impose any

significant burden on competition; (3)

was provided to the Commission for its

review at least five days prior to the

filing date; and (4) does not become

operative for 30 days from March 13,
15810 Federal Register / Vol. 60, No. 58 / Monday, March 27, 1995 / Notices

2 17 CFR 200.30–3(a)(12) (1994).

1995, the rule change proposal has

become effective pursuant to Section

19(b)(3)(A) of the Act and Rule 19b–

4(e)(6) thereunder. In particular, the

Commission believes the proposal

would qualify as a ‘‘noncontroversial

filing’’ in that the proposed standards

do not significantly affect the protection

of investors or the public interest and do

not impose any significant burden on

competition. At any time within 60 days

of the filing of the proposed rule change,

the Commission may summarily

abrogate such rule change if it appears

to the Commission that such action is

necessary or appropriate in the public

interest, for the protection of investors,

or otherwise in furtherance of the

purposes of the Act.

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 at

the Commission’s Public Reference

Section, 450 Fifth Street, NW.,

Washington, DC 20549. Copies of such

filing will also be available for

inspection and copying at the principal

office of the Phlx. All submissions

should refer to File No. SR–Phlx–95–15

and should be submitted by April 17,

1995.

For the Commission, by the division of

Market Regulation, pursuant to delegated

authority.2

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–7395 Filed 3–24–95; 8:45 am]

BILLING CODE 8010–01–M

TENNESSEE VALLEY AUTHORITY

Environmental Impact Statement:

Water Supply Development for the

Catoosa Utility District and Upper

Cumberland Plateau Region of East

Tennessee

AGENCIES: Rural Utilities Service (RUS)

and the Tennessee Valley Authority

(TVA).

ACTION: Extension of comment period on

notice of intent and announcement of

public scoping meeting.

SUMMARY: RUS and TVA published a

Notice of Intent to prepare an

Environmental Impact Statement on

alternatives for water supply

development for the Catoosa Utility

District and the upper Cumberland

Plateau region of East Tennessee in the

Federal Register on February 8, 1995.

This original notice stated comments

would be received on the scope of the

EIS on or before March 10, 1995. RUS

and TVA are today extending that

comment period until June 5, 1995, and

announcing the location of a public

scoping meeting.

DATES: Comments on the scope of the

EIS must be received on or before June

5, 1995. A public scoping meeting will

be held on Tuesday, April 4, 1995 at 6

p.m. Central Standard Time at Glenn

Martin Junior High School, 314 South

Miller Avenue, Crossville, Cumberland

County, Tennessee.

ADDRESSES: Comments should be sent to

Dale V. Wilhelm, NEPA Liaison,

Tennessee Valley Authority, WT 8C,

400 West Summit Hill Drive, Knoxville,

Tennessee 37902.

FOR FURTHER INFORMATION CONTACT:

Jack L. Davis, Manager, Water Resource

Projects, Tennessee Valley Authority,

400 West Summit Hill Drive, Knoxville

Tennessee 37902, phone (615) 632–

4678.

SUPPLEMENTARY INFORMATION: A Notice

of Intent (NOI) to prepare an EIS on

alternatives for establishing a water

supply for the Catoosa Utility District

and the Upper Cumberland Plateau area

of East Tennessee was published in the

Federal Register on February 8, 1995.

The NOI stated that comments would be

received until March 10, 1995. It was

not possible to hold a public meeting on

the scope of the EIS during that

timeframe, and project schedules allows

for a longer public scoping period.

Therefore, RUS and TVA are extending

the EIS scoping period until June 5,

1995, to allow sufficient time to hold

the public meeting and allow the

interested public to comment on the

suggested scope of the EIS alternatives

and important issues.

A public meeting will be held on

Tuesday, April 4, 1995, at 6 p.m. Central

Standard Time at Glenn Martin Junior

High School, 314 South Miller Avenue,

Crossville, Cumberland County,

Tennessee. The purpose of this meeting

will be to gain information regarding the

scope of the EIS and the resources that

may be affected by any proposed water

supply activities. Written Comments on

these issues should be mailed to the

address noted above. Oral and

additional written comments will be

received at the public meeting.

Dated: March 17, 1995.

Kathryn J. Jackson,

Senior Vice President, Resource Group,

Tennessee Valley Authority.

[FR Doc. 95–7459 Filed 3–24–95; 8:45 am]

BILLING CODE 8120–01–M

DEPARTMENT OF TRANSPORTATION

Coast Guard

[CGD8–95–003]

Eighth Coast Guard District Industry

Day Meeting

AGENCY: Coast Guard, DOT.

ACTION: Notice of meeting.

SUMMARY: The Commander, Eighth

Coast Guard District, is sponsoring a

Marine Safety Industry Day to discuss

various topics of interest to the marine

community. The meeting will be open

to the public.

DATES: The meeting will be held on May

16, 1995, from 8:30 a.m. to 4 p.m.

ADDRESSES: The meeting will be held at

the Fairmont Hotel, 123 Baronne Street

(at University Place), New Orleans, LA.

The telephone number for the hotel is

(504) 529–7111.

FOR FURTHER INFORMATION CONTACT:

CDR S. P. Glenn, U.S. Coast Guard, c/

o Commander (mep), Eighth Coast

Guard District, Hale Boggs Federal

Bldg., Room 1341, 501 Magazine Street,

New Orleans, LA 70130–3396;

telephone number (504) 589–6271; fax

number (504) 589–4999.

SUPPLEMENTARY INFORMATION: The past

several years, the marine industry has

undergone significant change. A much

more competitive marketplace, an

emphasis on quality, regulatory

initiatives in response to several marine

casualties, and significant legislation,

such as OPA 90, have influenced and

changed the way virtually all segments

of the industry currently conduct

business. The Coast Guard also has

taken a new approach as a regulatory

agency and embarked on several major