Federal Register / Vol. 75, No. 200 / Monday, October 18, 2010 / Notices 63887 

50 15 U.S.C. 78s(b)(2). 

51 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3 15 U.S.C. 78s(b)(3)(A)(iii). 

4 17 CFR 240.19b–4(f)(3). 

5See Public L. 111–203, section 975, 124 Stat. 

1376 (2010). 

which provides that MSRB’s rules shall 

be designed to prevent fraudulent and 

manipulative acts and practices, to 

promote just and equitable principles of 

trade, to foster cooperation and 

coordination with persons engaged in 

regulating, clearing, settling, processing 

information with respect to, and 

facilitating transactions in municipal 

securities, to remove impediments to 

and perfect the mechanism of a free and 

open market in municipal securities, 

and, in general, to protect investors and 

the public interest. 

In the Commission’s view, the 

inclusion of credit rating and related 

information provided by NRSROs 

agreeing to provide such information for 

display on the EMMA Web site should 

serve to promote the statutory mandate 

of the MSRB to protect investors and the 

public interest. Although credit rating 

information is just one of many factors 

to consider in making an investment 

decision and in evaluating the credit 

worthiness and value of existing 

municipal securities holdings, the 

proposed rule change would make such 

information more easily accessible on 

an equal basis to all participants in the 

municipal securities market, including 

in particular retail investors in 

municipal securities who do not 

normally have access to information 

services customarily used by 

professional market participants. The 

proposal will become effective on a date 

to be announced by the MSRB in a 

notice published on the MSRB Web site, 

which date shall be no later than 

October 13, 2011 and shall be 

announced no later than five usiness 

days before the effective date. 

IV. Conclusion 

It is therefore ordered, pursuant to 

Section 19(b)(2) of the Act,50 that the 

proposed rule change (SR–MSRB–2010– 

03), be, and hereby is, approved. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.51

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. 2010–26177 Filed 10–15–10; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–63088; File No. SR–MSRB– 

2010–11] 

Self-Regulatory Organizations; 

Municipal Securities Rulemaking 

Board; Notice of Filing and Immediate 

Effectiveness of Amended and 

Restated Articles of Incorporation of 

Municipal Securities Rulemaking 

Board 

October 13, 2010. 

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

Securities Exchange Act of 1934 (‘‘the 

Act’’) 1 and Rule 19b–4 thereunder,2

notice is hereby given that on October 

1, 2010, the Municipal Securities 

Rulemaking Board (‘‘Board’’ or ‘‘MSRB’’) 

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 MSRB. The 

MSRB has filed the proposal pursuant to 

Section 19(b)(3)(A)(iii) of the Act,3 and 

Rule 19b–4(f)(3) thereunder,4 which 

renders the proposal effective upon 

filing with the Commission. 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 MSRB filed with the Commission 

a proposed rule change consisting of an 

Amended and Restated Articles of 

Incorporation. 

The text of the proposed rule change 

is available on the MSRB’s Web site at 

http://www.msrb.org/msrb1/sec.asp, at 

the MSRB’s principal office, and at the 

Commission’s Public Reference Room. 

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 

MSRB 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 Board 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 

1. Purpose 

The purpose of the proposed rule 

change is to make changes to the 

MSRB’s Articles of Incorporation as are 

necessary and appropriate in order to 

comply with Section 15B of the Act, as 

amended by the Dodd-Frank Wall Street 

Reform and Consumer Protection Act 5

(the ‘‘Dodd-Frank Act’’), and to reflect its 

expanded mission and rulemaking 

authority. On July 21, 2010, the DoddFrank Act, was signed into law by 

President Obama. This comprehensive 

financial reform legislation contains 

various provisions that affect the 

governance and mandate of the MSRB. 

The effective date of these provisions is 

October 1, 2010, which coincides with 

the first day of the MSRB’s 2011 fiscal 

year. Regarding the jurisdiction of the 

MSRB, the Dodd-Frank Act, for the first 

time, provides the MSRB with 

rulemaking authority over municipal 

advisors. The proposed amendments to 

the Articles of Incorporation reflect the 

expanded jurisdiction of the MSRB and, 

therefore, delete specific references to 

brokers, dealers, and municipal 

securities dealers. Rather, the Articles of 

Incorporation refer generally to Section 

15B of the Act, which is modified by the 

Dodd-Frank Act, effective October 1, 

2010, and the obligations of the Board 

under the Act. Additionally, the Articles 

of Incorporation now provide that Board 

members elected for fiscal year 2011 

will have two year terms and all other 

Board members will have three year 

terms to reflect the new, expanded 

composition of the Board and the terms 

of office for Board members. Finally, the 

changes to the Purpose section reflect 

the evolving role of the MSRB as a selfregulatory organization in providing 

education, outreach and market 

leadership regarding issues that impact 

the municipal securities market. The 

MSRB is a Virginia nonprofit, nonstock 

corporation, and the Amended and 

Restated Articles of Incorporation have 

been filed concurrently with the State 

Corporation Commission of the 

Commonwealth of Virginia. 

2. Statutory Basis 

The MSRB believes that the proposed 

rule change to its Articles of 

Incorporation are [sic] necessary and 

appropriate in order to comply with 

Section 15B of the Act, as amended by 

mstockstill on DSKH9S0YB1PROD with NOTICES

63888 Federal Register / Vol. 75, No. 200 / Monday, October 18, 2010 / Notices 

6 15 U.S.C. 78s(b)(3)(A)(iii). 

7 17 CFR 240.19b–4(f)(3). 

8See Section 19(b)(3)(C) of the Act, 15 U.S.C. 

78s(b)(3)(C). 9 17 CFR 200.30–3(a)(12). 

the Dodd-Frank Act, as more fully 

described above. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The MSRB does not believe that the 

proposed rule change will impose any 

burden on competition not necessary or 

appropriate in furtherance of the 

purposes of the Act, since it solely 

concerns the administration of the 

MSRB. 

C. Self-Regulatory Organization’s 

Statement on Comments Received on 

the Proposed Rule Change by Members, 

Participants, or Others 

Written comments were neither 

solicited nor received on the proposed 

rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The proposed rule change has become 

effective pursuant to Section 

19(b)(3)(A)(iii) of the Act 6 and Rule 

19b–4(f)(3) 7 thereunder, because it is 

concerned solely with the operation and 

administration of the MSRB. At any 

time within 60 days of the filing of the 

proposed rule change, the Commission 

summarily may temporarily suspend 

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.8

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s Internet 

comment form (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an e-mail to rulecomments@sec.gov. Please include File 

Number SR–MSRB–2010–11 on the 

subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Elizabeth M. Murphy, Secretary, 

Securities and Exchange Commission, 

100 F Street, NE., Washington, DC 

20549–1090. 

All submissions should refer to File 

Number SR–MSRB–2010–11. This file 

number should be included on the 

subject line if e-mail is used. To help the 

Commission process and review your 

comments more efficiently, please use 

only one method. The Commission will 

post all comments on the Commission’s 

Web site (http://www.sec.gov/rules/ 

sro.shtml). 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 website viewing and 

printing in the Commission’s Public 

Reference Room, 100 F Street, NE., 

Washington, DC 20549, on official 

business days between the hours of 10 

a.m. and 3 p.m. Copies of such filing 

also will be available for inspection and 

copying at the MSRB’s offices. All 

comments received will be posted 

without change; the Commission does 

not edit personal identifying 

information from submissions. You 

should submit only information that 

you wish to make available publicly. All 

submissions should refer to File 

Number SR–MSRB–2010–11 and should 

be submitted on or before November 8, 

2010. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.9

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. 2010–26178 Filed 10–15–10; 8:45 am] 

BILLING CODE 8011–01–P 

SOCIAL SECURITY ADMINISTRATION 

[Docket No. SSA–2010–0067] 

Occupational Information Development 

Advisory Panel Meeting 

AGENCY: Social Security Administration 

(SSA). 

ACTION: Notice of upcoming panel 

teleconference meeting. 

DATES: November 17, 2010, 10 a.m.–12 

p.m. (EDT). 

Call-in number: (866) 261–3182. 

Leader/Host: Debra Tidwell-Peters. 

SUPPLEMENTARY INFORMATION: 

Type of meeting: The teleconference 

meeting is open to the public. 

Purpose: This discretionary Panel, 

established under the Federal Advisory 

Committee Act of 1972, as amended, 

shall report to the Commissioner of 

Social Security. The Panel will provide 

independent advice and 

recommendations on plans and 

activities to replace the Dictionary of 

Occupational Titles used in our 

disability determination process. The 

Panel will advise the Agency on 

creating an occupational information 

system tailored specifically for our 

disability programs and adjudicative 

needs. The Panel’s advice and 

recommendations will relate to our 

disability programs in the following 

areas: Medical and vocational analysis 

of disability claims; occupational 

analysis, including definitions, ratings 

and capture of physical and mental/ 

cognitive demands of work and other 

occupational information critical to our 

disability programs; data collection; use 

of occupational information in our 

disability programs; and any other 

area(s) that would enable us to develop 

an occupational information system 

suited to our disability programs and 

improve the medical-vocational 

adjudication policies and processes. 

Agenda: The Designated Federal 

Officer will post the meeting agenda on 

the Internet at http://www.ssa.gov/ 

oidap/meeting_information.htm at least 

one week prior to the start date. You can 

also receive a copy electronically by email or by fax, upon request. We will 

keep records of all proceedings and 

make them available for public 

inspection by appointment at the 

Panel’s office. 

Contact Information: Anyone 

requiring information regarding the 

Panel should contact the Panel staff by: 

Mail addressed to the Occupational 

Information Development Advisory 

Panel, Social Security Administration, 

6401 Security Boulevard, Operations 

Building, 3–E–26, Baltimore, MD 21235, 

fax to (410) 597–0825, or E-mail to 

OIDAP@ssa.gov. 

Debra Tidwell-Peters, 

Designated Federal Officer. 

[FR Doc. 2010–26128 Filed 10–15–10; 8:45 am] 

BILLING CODE 4191–02–P 

DEPARTMENT OF STATE 

[Public Notice 7167] 

Shipping Coordinating Committee; 

Notice of Committee Meeting 

The Shipping Coordinating 

Committee (SHC) will conduct an open 

meeting at 10 a.m. on Monday 

November 8th, 2010, in Room 1422 of 

mstockstill on DSKH9S0YB1PROD with NOTICES