Federal Register / Vol. 61, No. 85 / Wednesday, May 1, 1996 / Notices 19329

6Cf. Securities Exchange Act Release No. 31539

(November 30, 1992), 57 FR 57851 (December 7,

1992) (File No. SR–PSE–92–32). This order

approved, among other things, the addition of

Commentary .03 to PSE Rule 5.36(d), which

precludes a specialist whose specialist ranking falls

in the bottom 10% of his or her Floor from acting

as an alternate specialist until his or her ranking

rises above the bottom 10%, unless the EAC

determines otherwise.

7 15 U.S.C. 78f(b)(5).

until, at the earliest, the second quarter

of 1996, when the results from the first

quarter of 1996 are reported.

The Exchange believes that the

restriction on new allocations is an

effective tool in encouraging specialists

to improve their performance, and

thereby to improve their evaluation

scores.6

2. Statutory Basis

The proposed rule change is

consistent with Section 6(b)(5) of the

Act 7 in that it is designed to promote

just and equitable principles of trade,

and, in general, to protect investors and

the public interest.

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 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 organization

consents, the Commission will:

(A) by order approve the 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 at

the Commission’s Public Reference

Section, 450 Fifth Street, N.W.,

Washington, D.C. 20549. Copies of such

filing will also be available for

inspection and copying at the principal

office of the Exchange. All submissions

should refer to File No. SR–PSE–96–13

and should be submitted by May 22,

1996.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 96–10704 Filed 4–30–96; 8:45 am]

BILLING CODE 8010–01–M

DEPARTMENT OF STATE

[Public Notice No. 2373]

Shipping Coordinating Committee

Maritime Safety Committee; Notice of

Meeting

The Shipping Coordinating

Committee will conduct an open

meeting at 9:30 A.M. on Wednesday,

May 22, 1996, in Room 2415, at U.S.

Coast Guard Headquarters, 2100 Second

Street, SW., Washington, DC. The

purpose of this meeting will be to

finalize preparations for the 66th

Session of the Maritime Safety

Committee, and associated bodies of the

International Maritime Organization

(IMO), which is scheduled for May 28–

June 6, 1996, at IMO Headquarters in

London. At the meeting, papers received

and the draft U.S. positions will be

discussed.

Among other things, the items of

particular interest are:

a. Adoption of amendments to the

Safety of Life at Sea

b. Bulk carrier safety

c. Role of the human element

d. Existing ship safety standards

e. Formal safety assessment, and

f. Report of eight subcommittees—

Stability.

Load Lines and Fishing Safety; Fire

Protection; Safety of Navigation; Ship

Design and Equipment; Dangerous

Goods, Solid Cargoes and Containers;

Radiocommunication and Search and

Rescue; Bulk Liquids and Gases; and

Flag State Implementation.

Members of the public may attend

this meeting up to the seating capacity

of the room. Interested persons may

seek information by writing to Mr.

Joseph J. Angelo, Commandant (G–MS),

U.S. Coast Guard, 2100 Second Street,

SW, Room 1218, Washington, DC

20593–0001 or by calling (202) 267–

2970.

Dated: April 22, 1996.

Charles A. Mast,

Chairman, Shipping Coordinating Committee.

[FR Doc. 96–10719 Filed 4–30–96; 8:45 am]

BILLING CODE 4710–07–M

DEPARTMENT OF TRANSPORTATION

Coast Guard

[CGD 96–023]

In the Matter of Waxler Towing

Company, Inc.

AGENCY: Coast Guard, DOT.

ACTION: Notice of proposed penalty;

opportunity to comment.

SUMMARY: The Coast Guard gives notice

of, and provides an opportunity to

comment on, the proposed assessment

of a Class II administrative penalty on

Waxler Towing Company, Inc., for

violations of the Federal Water

Pollution Control Act (FWPCA). This

proceeding arises as the result of a U.S.

Coast Guard boarding of the T/B WTC–

220 on January 24, 1995 at the Marathon

Oil Company facility at Mile 196 on the

Upper Mississippi River. The

Respondent is charged in six counts

with violating the Federal Water

Pollution Act, 33 U.S.C. § 1251 et seq,

as amended by the Oil Pollution Act of

1990, on January 24, 1995. Count One

charges the Respondent with the failure

to maintain adequate transfer

procedures in violation of 33 C.F.R.

§§ 155.750(a)(2), 155.750(a)(6),

155.750(a)(11), 155.750(a)(2),

155.750(b). Count Two charges the

Respondent with the failure to comply

with transfer procedures in violation of

33 C.F.R. 155.730. In Count Three,

Respondent is charged with the failure

to comply with the transfer hose

requirements in violation of 33 C.F.R.

155.800. Count Four charges

Respondent with conducting an unsafe

oil transfer in violation of 33 CFR

§§ 156.120(i), 156.120(j), 156.120(m)

156.120(p), 155.780, 156.120(e)

156.120(t)(3). Count Five charges

Respondent with the failure to have a