Notices. SECURITIES AND EXCHANGE COMMISSION

1,667 words·~8 min read·/register/2006/07/28/06-6541·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

BILLING CODE 8010-01-P SECURITIES AND EXCHANGE COMMISSION [Release No. 34-54173; File Nos. SR-DTC-2006-10, SR-FICC-2006-09, and SR-NSCC-2006-08] Self-Regulatory Organizations; The Depository Trust Company, Fixed Income Clearing Corporation, and National Securities Clearing Corporation; Notice of Filing and Immediate Effectiveness of Proposed Rule Changes Whereby the President of Each Clearing Agency Shall Also Serve as Its Chief Executive Officer July 19, 2006. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”), 1 notice is hereby given that on June 5, 2006, The Depository Trust Company (“DTC”) and the National Securities Clearing Corporation (“NSCC”) and that on June 6, 2006, the Fixed Income Clearing Corporation (“FICC”) filed with the Securities and Exchange Commission (“Commission”) the proposed rule changes described in Items I, II, and III below, which items have been prepared primarily by DTC, FICC, and NSCC.

The Commission is publishing this notice to solicit comments on the proposed rule changes from interested parties. 1 15 U.S.C. 78s(b)(1). I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The purpose of the proposed rule changes is to provide that

(1)DTC's President shall serve as its Chief Executive Officer (“CEO”) and

(2)FICC's President shall serve as its CEO and is to make conforming changes to NSCC's By-Laws concerning NSCC's President serving as its CEO. 2 The proposed rule changes also make conforming changes throughout so that the By-Laws of DTC, FICC, and NSCC are uniform. 2 NSCC's By-Laws currently provide that the President shall serve as NSCC's CEO. NSCC's proposed rule change makes conforming changes so that the language of NSCC's By-Laws is consistent with the language of the By-Laws of DTC and FICC. II. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, DTC, FICC, and NSCC included statements concerning the purpose of and basis for the proposed rule changes and discussed any comments they received on the proposed rule changes. The text of these statements may be examined at the places specified in Item IV below. DTC, FICC, and NSCC have prepared summaries, set forth in sections (A), (B), and

(C)below, of the most significant aspects of these statements. 3 3 The Commission has modified the text of the summaries prepared by DTC, FICC, and NSCC. A. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change The purpose of the proposed rule changes is

(1)to amend DTC's By-Laws so that DTC's President shall serve as its CEO 4 and

(2)to amend FICC's By-Laws so that FICC's President shall serve as its CEO 5 and is to make conforming changes to NSCC's By-Laws. 6 The proposed rule changes also make conforming changes throughout so that the By-Laws of DTC, FICC, and NSCC are uniform. 4 DTC By-Laws Article III, Section 3.3. 5 FICC By-Laws Article III, Section 3.3. 6 NSCC By-Laws Article III, Section 3.3. DTC, FICC, and NSCC believe that the proposed rule changes are consistent with the requirements of Section 17A(b)(3)(A) of the Act 7 and the rules and regulations thereunder applicable to DTC, FICC, and NSCC because they should better enable DTC, FICC, and NSCC to facilitate the prompt and accurate clearance and settlement of securities transactions. 7 15 U.S.C. 78q-1. B. Self-Regulatory Organization's Statement on Burden on Competition DTC, FICC, and NSCC do not believe that the proposed rule change will have any impact on or impose any burden on competition. C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others No written comments relating to the proposed rule change have been solicited or received. DTC, FICC, and NSCC will notify the Commission of any written comments received by DTC, FICC, and NSCC. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The foregoing rule change has become effective upon filing pursuant to Section 19(b)(3)(A)(iii) of the Act 8 and Rule 19b-4(f)(3) 9 thereunder because the proposed rule changes are concerned solely with the administration of DTC, FICC, and NSCC. At any time within sixty days of the filing of the proposed rule changes, the Commission may summarily abrogate such rule changes 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 15 U.S.C. 78s(b)(3)(A)(iii). 9 17 CFR 240.19b-4(f)(3). IV. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule changes are 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 *rule-comments@sec.gov.* Please include File Numbers SR-DTC-2006-10, SR-FICC-2006-09, and SR-NSCC-2006-08 on the subject line. Paper Comments • Send paper comments in triplicate to Nancy M. Morris, Secretary, Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549-1090. All submissions should refer to File Numbers SR-DTC-2006-10, SR-FICC- 2006-09, and SR-NSCC-2006-08. These file numbers 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 Internet 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 changes that are filed with the Commission, and all written communications relating to the proposed rule changes 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, 100 F Street, NE., Washington, DC 20549. Copies of such filings also will be available for inspection and copying at the principal offices of DTC, FICC, and NSCC and on DTC's Web site at *https://login.dtcc.com/dtcorg/* , and on FICC's Web site at *http://www.ficc.com/gov/gov.docs.jsp?NS-query* , and on NSCC's Web site at *http://www.nscc.com/legal/.* 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-DTC-2006-10, SR-FICC-2006-09, and SR-NSCC-2006-08 and should be submitted on or before August 18, 2006. For the Commission by the Division of Market Regulation, pursuant to delegated authority. 10 10 17 CFR 200.30-3(a)(12). Jill M. Peterson, Assistant Secretary. [FR Doc. E6-12070 Filed 7-27-06; 8:45 am] BILLING CODE 8010-01-P DEPARTMENT OF STATE [Public Notice 5479] Determination on U.S. Position on Proposed European Bank for Reconstruction and Development

(EBRD)Projects in Serbia and Bosnia and Herzegovina Pursuant to section 561 of the Foreign Operations, Export Financing, and Related Programs Appropriations Act, 2006 (Pub. L. 109-102) (FOAA), and Department of State Delegation of Authority Number 289, I hereby determine that a 25.4 million euro investment package for the Balkan Accession Fund C.V. (“BAF”), a limited partnership incorporated in the Netherlands Antilles which will mobilize private sector funds to enable the BAF to make equity and equity-related investments in a wide variety of sectors, and a 12 million euro sovereign loan to Bosnia and Herzegovina for the purchase of air navigation, communication and meteorological equipment, software and training services to support the establishment of a new Air Navigation Services Provider will contribute to a stronger economy in Serbia and the Republika Srpska in Bosnia and Herzegovina, directly supporting implementation of the Dayton Accords. I therefore waive the application of Section 561 of the FOAA to the extent that provision would otherwise prevent the U.S. Executive Directors of the EBRD from voting in favor of these projects. This Determination shall be reported to the Congress and published in the **Federal Register** . Dated: July 20, 2006. Daniel Fried, Assistant Secretary of State for European and Eurasian Affairs, Department of State. [FR Doc. E6-12110 Filed 7-27-06; 8:45 am] BILLING CODE 4710-23-P DEPARTMENT OF STATE [Public Notice 5477] Determination Pursuant to Section 1(b) of Executive Order 13224 Relating to the Designation of Abu Sufian al-Salamabi Muhammad Ahmed ’Abd Al-Razziq, Also Known as Abousofian Salman Abdelrazik, Also Known as Jolaiba, Also Known as Abousofian Abdelrazik, Also Known as Abousofiane Abdelrazik, Also Known as Abu Sufian, Also Known as Abou El Layth, Also Known as Abou Lail, Citizenship: Canada; Canadian Passport #: BC166787; DPOB: August 6, 1962, Al-Bawgah, Sudan Acting under the authority of Section 1(b) of Executive Order 13224 of September 23, 2001, as amended by Executive Order 13286 of July 2, 2002, and Executive Order 13284 of January 23, 2003, and Executive Order 13372 of February 16, 2005 in consultation with the Secretary of the Treasury, the Attorney General, and the Secretary of Homeland Security, I hereby determine that Abu Sufian al-Salamabi Muhammad Ahmed 'Abd Al-Razziq, also known Abousofian Salman Abdelrazik, also known as Jolaiba, also known as Abousofian Abdelrazik, also known as Abousofiane Abdelrazik, also known as Abu Sufian, also known as Abou El Layth, also known as Abou Lail, poses a significant risk of committing acts of terrorism that threaten the security of U.S. nationals and the national security, foreign policy, or economy of the United States. Consistent with the determination in Section 10 of Executive Order 13224 that “prior notice to persons determined to be subject to the Order who might have a constitutional presence in the United States would render ineffectual the blocking and other measures authorized in the Order because of the ability to transfer funds instantaneously,” I determine that no prior notice need be provided to any person subject to this determination who might have a constitutional presence in the United States because to do so would render ineffectual the measures authorized in the Order. This notice shall be published in the **Federal Register** . Dated: July 21, 2006. R. Nicholas Burns, Undersecretary of State, Department of State. [FR Doc. 06-6541 Filed 7-27-06; 5:00 pm]

Connectionstraces to 7

Traces to 7 documents

U.S. Code

CFR