Federal Register / Vol. 60, No. 75 / Wednesday, April 19, 1995 / Rules and Regulations 19493

1Commission rule 30.3(a), 17 CFR 30.3(a), makes

it unlawful for any person to engage in the offer or

sale of a foreign option product until the

Commission, by order, authorizes such foreign

option to be offered or sold in the United States.

2Letter from N.E. Carew, LIFFE, to Jane C. Kang,

Commission.

airplanes, was published as a final rule

in the Federal Register on March 14,

1995 (60 FR 13618). As published, that

final rule contained a typographical

error in the applicability statement.

The applicability statement indicated

that the airplanes affected by the AD

were, in part, those having line numbers

969 through 922, inclusive. However,

the correct line numbers are 969

through 992, inclusive. These correct

line numbers appeared in the notice of

proposed rulemaking (NPRM), which

preceded the final rule.

This document corrects the reference

to the line numbers cited in the

applicability statement on page 13619,

middle column, of the March 14, 1995

Federal Register of AD 95–06–02, to

read as follows:

‘‘Applicability: Model 747 series

airplanes, line numbers 1 through 967

inclusive, and 969 through 992

inclusive; excluding airplanes equipped

with Pratt & Whitney PW4000 or

General Electric CF6–80C2 series

engines; certificated in any category.’’

Since no other part of the regulatory

information has been changed, the final

rule is not being republished.

Issued in Renton, Washington on April 13,

1995.

John J. Hickey,

Acting Manager, Transport Airplane

Directorate, Aircraft Certification Service.

[FR Doc. 95–9623 Filed 4–18–95; 8:45 am]

BILLING CODE 4910–13–U

COMMODITY FUTURES TRADING

COMMISSION

17 CFR Part 30

Foreign Option Transactions

AGENCY: Commodity Futures Trading

Commission.

ACTION: Order.

SUMMARY: The Commodity Futures

Trading Commission (Commission) is

authorizing option contracts on the

Three-month Eurolira Interest Rate

futures contract traded on the London

International Financial Futures and

Options Exchange (LIFFE) to be offered

or sold to persons located in the United

States. This Order is issued pursuant to:

(1) Commission rule 30.3(a), 17 CFR

30.3(a), which makes it unlawful for any

person to engage in the offer or sale of

a foreign option product until the

Commission, by order, authorizes such

foreign option to be offered or sold in

the United States; and (2) the

Commission’s Order issued on

September 5, 1989, 54 FR 37636

(September 12, 1989) authorizing

certain option products traded on LIFFE

to be offered or sold in the United

States.

EFFECTIVE DATE: May 19, 1995.

FOR FURTHER INFORMATION CONTACT:

Warren Gorlick, Esq., Division of

Trading and Markets, Commodity

Futures Trading Commission, 2033 K

Street NW., Washington, D.C. 20581.

Telephone: (202) 254–8955.

SUPPLEMENTARY INFORMATION: The

Commission has issued the following

Order:

Order Under Commission Rule 30.3(a)

Permitting Option Contracts on the ThreeMonth Eurolira Interest Rate Futures Contract

Traded on the London International

Financial Futures and Options Exchange to

be Offered or Sold in the United States Thirty

Days after Publication of this Notice in the

Federal Register Absent Further Notice.

By Order issued on September 5, 1989

(Initial Order), the Commission

authorized, pursuant to Commission

rule 30.3(a),1 certain option products

traded on the London International

Financial Futures and Option Exchange

(LIFFE) to be offered or sold in the

United States. 54 FR 37636 (September

12, 1989). Among other conditions, the

Initial Order specified that:

Except as otherwise permitted under the

Commodity Exchange Act and regulations

thereunder, * * * no offer or sale of any

LIFFE option product in the United States

shall be made until thirty days after

publication in the Federal Register of notice

specifying the particular option(s) to be

offered or sold pursuant to this Order.

By letter dated March 14, 1995, LIFFE

represented that it would be introducing

an option contract based on the ThreeMonth Eurolira Interest Rate futures

contract on May 16, 1995.2 LIFFE has

requested that the Commission

supplement its Initial Order authorizing

the offer and sale in the United States

of options on the Long Gilt, U.S.

Treasury Bond, German Government

Bond, Three-Month Sterling Interest

Rate, Three-Month Eurodollar Interest

Rate futures contracts, options on

Sterling and Dollar-Mark currencies; a

Supplemental Order, 55 FR 7705 (March

5, 1990), authorizing the offer and sale

in the United States of options on the

Three-Month Euro-Deutschemark

Interest Rate futures contract; a

Supplemental Order, 57 FR 1374

(January 14, 1992), authorizing the offer

and sale in the United States of options

on the Italian Government Bond futures

contract; and a Supplemental Order, 57

FR 40603 (September 4, 1992)

authorizing the offer and sale in the

United States of options on the ThreeMonth Euro Swiss Franc Interest Rate

futures contract; by also authorizing

LIFFE’s option contract on the ThreeMonth Eurolira Interest Rate futures

contract to be offered or sold to persons

in the United States. Upon due

consideration, and for the reasons

previously discussed in the Initial

Order, the Commission believes that

such an authorization should be

granted.

Accordingly, pursuant to Commission

rule 30.3(a) and the Commission’s

Initial Order issued on September 5,

1989, and subject to the terms and

conditions specified therein, the

Commission hereby authorizes LIFFE’s

option contract on the Three-Month

Eurolira Interest Rate futures contract to

be offered or sold to persons located in

the United States thirty days after

publication of this Order in the Federal

Register, unless prior to that date the

Commission receives any comments

which may result in a determination to

delay the effective date of the Order

pending review of such comments.

Under such circumstances the

Commission will provide notice.

Contract Specifications—Options on

Three-Month Eurolira (‘‘EUROLIRA’’)

Interest Rate Futures Contract

Underlying Interest

One (1) Eurolira futures contract.

Delivery/Expiry Months

March, June, September, December.

Deliver Day/Exercise Day/Expiry Day

Exercise by 17.00 on any business

day. Delivery on the first business

day after the exercise day. Expiry at

12.30 on the Last Trading Day.

Last Trading Day

11.00 Last Trading Day of the Eurolira

futures contract.

Quotation

Multiples of 0.01 (i.e. 0.01%).

Minimum Price Fluctuation (Tick Size

and Value)

0.01 (ITL 25,000)

Trading Hours

07.57–16.10

Contract Standard

Assignment of 1 Eurolira futures

contract for the delivery month at

the exercise price.

Exercise Price Intervals

0.25 (i.e., 0.25%) e.g., 91.00, 91.25,

91.50 etc.

Introduction of New Exercise Prices

Thirteen exercise prices will be listed

for new series. Additional exercise

prices will be introduced on the

business day after the Eurolira
19494 Federal Register / Vol. 60, No. 75 / Wednesday, April 19, 1995 / Rules and Regulations

1 5 U.S.C. 571–83 (1988), as amended by Pub. L.

102–354, 106 Stat. 944 (Aug. 26, 1992).

2 18 CFR Part 385.

futures contract settlement price

comes within 0.12 of the fourth

highest or lowest existing exercise

price.

Option Price

The contract price is payable by the

buyer to the seller on exercise or

expiry of the option, not at the time

of the purchase. Positions are

marked to market daily, as with

futures positions.

List of Subjects in 17 CFR Part 30

Commodity futures, Commodity

options, Foreign transactions.

Accordingly, 17 CFR Part 30 is

amended as set forth below:

PART 30—FOREIGN FUTURES AND

FOREIGN OPTION TRANSACTIONS

1. The authority citation for Part 30

continues to read as follows:

Authority: Secs. 2(a)(1)(A), 4, 4c, and 8a of

the Commodity Exchange Act, 7 U.S.C. 2, 6,

6c and 12a.

2. Appendix B to Part 30 is amended

by adding the following entry after the

existing entries for the ‘‘London

International Financial Futures and

Options Exchange’’ to read as follows:

Appendix B—Option Contracts

Permitted To Be Offered or Sold in the

U.S. Pursuant to § 30.3(a)

Exchange Type of contract

FR date

and citation

* * * * *

London International Financial Futures and Options Exchange.Option Contract on

ThreeMonth

Eurolira

(‘‘Eurolira’’)

Interest

Rate Futures Contract.

199ll;

ll FR

ll

* * * * *

Issued in Washington, D.C. on April 14,

1995.

Jean A. Webb,

Secretary to the Commission.

[FR Doc. 95–9636 Filed 4–18–95; 8:45 am]

BILLING CODE 6351–01–P

DEPARTMENT OF ENERGY

Federal Energy Regulatory

Commission

18 CFR Parts 343 and 385

[Docket No. RM91–12–000]

[Order No. 578]

Alternative Dispute Resolution

Issued April 12, 1995.

AGENCY: Federal Energy Regulatory

Commission.

ACTION: Final rule.

SUMMARY: The Federal Energy

Regulatory Commission (Commission) is

issuing a Final Rule to implement the

Alternative Dispute Resolution Act of

1990 (ADRA). To implement its policy

in support of alternative dispute

resolution, the Commission is amending

its Rules of Practice and Procedure to

add regulations adopting provisions

authorized in the ADRA and to establish

procedures for approving ADR in

particular proceedings.

In particular, the new rules: Adopt

guidelines for applying ADR techniques

and definitions from the ADRA;

establish procedures for submitting,

reviewing, and monitoring proposals to

use ADR in specific proceedings;

incorporate the provisions of the ADRA

regarding binding arbitration

proceedings, arbitral awards, and review

of arbitration results; and adopt the

provisions of the ADRA regarding

confidentiality in ADR proceedings

established under the new rules. The

Commission is also amending its Rules

of Practice and Procedure to modify

existing regulations and to add new

regulations with respect to the

submission and review of offers of

settlement. Finally, the Commission is

consolidating almost all of its

regulations dealing with the use of ADR

in oil pipeline rate proceedings into its

Rules of Practice and Procedure.

EFFECTIVE DATE: May 19, 1995.

FOR FURTHER INFORMATION CONTACT:

Barry Smoler, Office of the General

Counsel, Federal Energy Regulatory

Commission, 825 N. Capitol Street, NE.,

Washington, DC 20426, (202) 208–1269.

SUPPLEMENTARY INFORMATION: In

addition to publishing the full text of

this document in the Federal Register,

the Commission also provides all

interested persons an opportunity to

inspect or copy the contents of this

document during normal business hours

in Room 3104, 941 North Capitol Street,

NE., Washington, DC 20426.

The Commission Issuance Posting

System (CIPS), an electronic bulletin

board service, provides access to the

texts of formal documents issued by the

Commission. CIPS is available at no

charge to the user and may be accessed

using a personal computer with a

modem by dialing (202) 208–1397. To

access CIPS, set your communications

software to 19200, 14400, 12000, 9600,

7200, 4800, 2400, 1200 or 300bps, full

duplex, no parity, 8 data bits, and 1 stop

bit. The full text of this document will

be available on CIPS for 60 days from

the date of issuance in ASCII and

WordPerfect 5.1 format. After 60 days

the document will be archived, but still

accessible. The complete text on

diskette in Wordperfect format may also

be purchased from the Commission’s

copy contractor, La Dorn Systems

Corporation, located in Room 3104, 941

North Capitol Street, NE., Washington,

DC 20426.

Table Of Contents

I. Introduction

II. Background

III. ADR Rules

A. Initiating the Use of ADR

B. Mechanism for Using ADR

C. Arbitration

D. Confidentiality

IV. Settlement Rules

A. Omnibus Settlements

B. Uncontested Settlements

C. Contested Settlements

V. Miscellaneous

A. ADR in Oil Pipeline Rate Proceedings

B. ADR and Other Agencies

VI. Administrative Findings

A. Regulatory Flexibility Act

B. Environmental Review

C. Information Collection Requirements

VII. Effective Date

Before Commissioners: Elizabeth

Anne Moler, Chair; Vicky A. Bailey,

James J. Hoecker, William L. Massey,

and Donald F. Santa, Jr.

I. Introduction

The Federal Energy Regulatory

Commission (Commission) is issuing a

Final Rule to implement the Alternative

Dispute Resolution Act of 1990

(ADRA).1 To implement its policy in

support of alternative dispute

resolution, the Commission is amending

Subparts E and F of Part 385 of its Rules

of Practice and Procedure 2 to add

regulations adopting provisions

authorized in the ADRA and to establish

procedures for approving ADR in

particular proceedings.

In particular, new Rule 604 adopts

guidelines for applying ADR techniques

and definitions from the ADRA and

establishes procedures for submitting,

reviewing, and monitoring proposals to