83 FR 14683 - Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Modify the Disclosure Services Offered To Certain New Listings
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 66 (April 5, 2018)
Federal Register Volume 83, Issue 66 (April 5, 2018)
| Page Range | 14683-14684 | |
| FR Document | 2018-06917 |
[Federal Register Volume 83, Number 66 (Thursday, April 5, 2018)] [Notices] [Pages 14683-14684] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-06917] [[Page 14683]] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-82976; File No. SR-NASDAQ-2018-023] Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Modify the Disclosure Services Offered To Certain New Listings March 30, 2018. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that, on March 20, 2018, The Nasdaq Stock Market LLC (``Nasdaq'' or ``Exchange'') filed with the Securities and Exchange Commission (``SEC'' or ``Commission'') the proposed rule change as described in Items I and II below, which Items have been prepared by the Exchange. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to modify the disclosure services provided under IM-5900-7 to certain new listings. While these amendments are effective upon filing, the Exchange has designated the proposed amendments to be operative for new listings on or after April 23, 2018. The text of the proposed rule change is available on the Exchange's website at http://nasdaq.cchwallstreet.com, at the principal office of the Exchange, 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 Exchange 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 Exchange 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 Nasdaq offers complimentary services under IM-5900-7 to companies listing on the Nasdaq Global and Global Select Markets in connection with an initial public offering (other than a company listed under IM- 5101-2), upon emerging from bankruptcy, in connection with a spin-off or carve-out from another company, or in conjunction with a business combination that satisfies the conditions in Nasdaq IM-5101-2(b) (``Eligible New Listings'') and to companies (other than a company listed under IM-5101-2) switching their listing from the New York Stock Exchange (``NYSE'') to the Global or Global Select Markets (``Eligible Switches'').\3\ Nasdaq believes that the complimentary service program offers valuable services to newly listing companies, designed to help ease the transition of becoming a public company or switching markets, and makes listing on Nasdaq more attractive to these companies. The services offered include a whistleblower hotline, investor relations website, disclosure services for earnings or other press releases, webcasting, market analytic tools, and may include market advisory tools such as stock surveillance (collectively the ``Service Package'').\4\ --------------------------------------------------------------------------- \3\ See Exchange Act Release No. 65963 (December 15, 2011), 76 FR 79262 (December 21, 2011) (SR-NASDAQ-2011-122) (adopting IM-5900- 7); Exchange Act Release No. 72669 (July 24, 2014), 79 FR 44234 (July 30, 2014) (SR-NASDAQ-2014-058) (adopting changes to IM-5900- 7); Exchange Act Release No. 78806 (September 9, 2016), 81 FR 63523 (September 15, 2016) (SR-NASDAQ-2016-098); Exchange Act Release No. 79366 (November 21, 2016), 81 FR 85663 (November 28, 2016) (SR- NASDAQ-2016-106). \4\ In addition, all companies listed on Nasdaq receive services from Nasdaq, including Nasdaq Online and the Market Intelligence Desk. --------------------------------------------------------------------------- As part of the Service Package, Eligible New Listings and Eligible Switches with a market capitalization less than $750 million currently receive a $15,000 annual stipend for disclosure services; Eligible New Listings and Eligible Switches with a market capitalization of $750 million or more currently receive a $20,000 annual stipend for disclosure services. These stipends can be used ``for disclosure services for earnings or other press releases, including photographs, and filing of EDGAR and XBRL reports.'' Customers have indicated that the annual stipend makes it difficult for them to know what specifically they will receive and also to compare the Nasdaq Service Package with similar offerings from competitors. Based on this feedback, Nasdaq proposes to modify the disclosure services offered so that instead of an annual stipend to spend on any disclosure services, companies instead will receive a pre-determined package of disclosure services for earnings or other press releases and the filing of related regulatory reports.\5\ The revised package of services will maintain the same approximate retail value as the amount of the stipend currently provided. All companies in the same market capitalization tier will be eligible for the same package of services. --------------------------------------------------------------------------- \5\ Regulatory reports include XBRL and EDGAR filings and could also include filings with non-U.S. regulators or banking regulators. --------------------------------------------------------------------------- The proposed rule change will be operative for new listings on or after April 23, 2018. Companies that list before that date will continue to receive services as described in the current rule. Nasdaq also proposes to make non-substantive changes to the rule text to specify that the 2016 package is no longer the current package of for companies listing on or after April 23, 2018, and to clarify which package is provided to a company with exactly $750 million market capitalization. 2. Statutory Basis Nasdaq believes that the proposed rule change is consistent with the provisions of Section 6 of the Act,\6\ in general, and Sections 6(b)(4),\7\ 6(b)(5),\8\ and 6(b)(8),\9\ in particular, in that the proposal is designed, among other things, to provide for the equitable allocation of reasonable dues, fees, and other charges among Exchange members and issuers and other persons using its facilities and to promote just and equitable principles of trade, and is not designed to permit unfair discrimination between issuers, and that the rules of the Exchange do not impose any burden on competition not necessary or appropriate in furtherance of the purposes of the Act. --------------------------------------------------------------------------- \6\ 15 U.S.C. 78f. \7\ 15 U.S.C. 78f(4). \8\ 15 U.S.C. 78f(5). \9\ 15 U.S.C. 78f(8). --------------------------------------------------------------------------- Nasdaq faces competition in the market for listing services,\10\ and competes, in part, by offering valuable services to companies. Nasdaq believes that it is reasonable to offer [[Page 14684]] complimentary services to attract and retain listings as part of this competition. All similarly situated companies are eligible for the same package of services and the eligibility of companies for services is not changing under this proposed rule change. In addition, while under the proposed change a package of disclosure services will be offered instead of a stipend, the types of services and the approximate retail value of the services offered will not change. Accordingly, Nasdaq does not believe this update has an effect on the allocation of fees nor does it permit unfair discrimination and the proposed rule change is consistent with the requirements of Section 6(b)(4) and (5) of the Act. --------------------------------------------------------------------------- \10\ The Justice Department has noted the intense competitive environment for exchange listings. See ``NASDAQ OMX Group Inc. and IntercontinentalExchange Inc. Abandon Their Proposed Acquisition Of NYSE Euronext After Justice Department Threatens Lawsuit'' (May 16, 2011), available at http://www.justice.gov/atr/public/press_releases/2011/271214.htm. --------------------------------------------------------------------------- Nasdaq represents, and this proposed rule change will help ensure, that individual listed companies are not given specially negotiated packages of products or services to list, or remain listed, which the Commission has previously stated would raise unfair discrimination issues under the Act.\11\ --------------------------------------------------------------------------- \11\ See Exchange Act Release No. 79366, 81 FR 85663 at 85665 (citing Securities Exchange Act Release No. 65127 (August 12, 2011), 76 FR 51449, 51452 (August 18, 2011) (approving NYSE-2011-20)). --------------------------------------------------------------------------- Further, the disclosure services offered in the Services Package reflect the current competitive environment for exchange listings among national securities exchanges, and is appropriate and consistent with Section 6(b)(8) in furtherance of the purposes of the Act. Specifically, based on customer feedback, Nasdaq believes that the revised rule will be more transparent to customers and better enable customers to compare offerings from various exchanges. Nasdaq also believes that this enhanced transparency will promote just and equitable principles of trade as required by Section 6(b)(5) of the Act. Finally, Nasdaq notes that the proposed non-substantive changes to the rule text to specify that the 2016 package is no longer the current package for companies listing on or after April 23, 2018, and to clarify which package is provided to a company with exactly $750 million market capitalization are consistent with Section 6(b)(5) of the Act because they will clarify the rule without making any substantive change. 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 not necessary or appropriate in furtherance of the purposes of the Act. As noted above, Nasdaq faces competition in the market for listing services, and competes, in part, by offering valuable services to companies. Nasdaq believes that the proposed rule change will make the rule text more transparent to customers and better enable customers to compare offerings from various exchanges, which reflects that competition, but does not impose any burden on the competition with other exchanges. C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others No written comments were either solicited or received. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Because the foregoing proposed rule change does not: (i) Significantly affect the protection of investors or the public interest; (ii) impose any significant burden on competition; and (iii) become operative for 30 days from the date on which it was filed, or such shorter time as the Commission may designate, it has become effective pursuant to Section 19(b)(3)(A) of the Act \12\ and Rule 19b- 4(f)(6) thereunder.\13\ --------------------------------------------------------------------------- \12\ 15 U.S.C. 78s(b)(3)(A). \13\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii) requires a self-regulatory organization to give the Commission written notice of its intent to file the proposed rule change, along with a brief description and text of the proposed rule change, at least five business days prior to the date of filing of the proposed rule change, or such shorter time as designated by the Commission. The Exchange has satisfied this requirement. --------------------------------------------------------------------------- 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. 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 CommentsUse the Commission's internet comment form (http://www.sec.gov/rules/sro.shtml); or Send an email to [email protected]. Please include File Number SR-NASDAQ-2018-023 on the subject line. Paper Comments Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090. All submissions should refer to File Number SR-NASDAQ-2018-023. This file number should be included on the subject line if email 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 website (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 10:00 a.m. and 3:00 p.m. Copies of such filing also will be available for inspection and copying at the principal office of the Exchange. All comments received will be posted without change. Persons submitting comments are cautioned that we do not redact or edit personal identifying information from comment submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR-NASDAQ-2018-023, and should be submitted on or before April 26, 2018. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\14\ --------------------------------------------------------------------------- \14\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Eduardo Aleman, Assistant Secretary. [FR Doc. 2018-06917 Filed 4-4-18; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 83, No. 66 / Thursday, April 5, 2018 / Notices 14683
SECURITIES AND EXCHANGE A. Self-Regulatory Organization’s Nasdaq Service Package with similar
COMMISSION Statement of the Purpose of, and offerings from competitors. Based on
Statutory Basis for, the Proposed Rule this feedback, Nasdaq proposes to
[Release No. 34–82976; File No. SR– Change modify the disclosure services offered
NASDAQ–2018–023] so that instead of an annual stipend to
1. Purpose
spend on any disclosure services,
Self-Regulatory Organizations; The Nasdaq offers complimentary services companies instead will receive a pre-
Nasdaq Stock Market LLC; Notice of under IM–5900–7 to companies listing determined package of disclosure
on the Nasdaq Global and Global Select services for earnings or other press
Filing and Immediate Effectiveness of
Markets in connection with an initial releases and the filing of related
Proposed Rule Change To Modify the
public offering (other than a company regulatory reports.5 The revised package
Disclosure Services Offered To Certain
listed under IM–5101–2), upon of services will maintain the same
New Listings
emerging from bankruptcy, in approximate retail value as the amount
March 30, 2018. connection with a spin-off or carve-out of the stipend currently provided. All
from another company, or in companies in the same market
Pursuant to Section 19(b)(1) of the conjunction with a business capitalization tier will be eligible for the
Securities Exchange Act of 1934 combination that satisfies the conditions same package of services.
(‘‘Act’’),1 and Rule 19b–4 thereunder,2 in Nasdaq IM–5101–2(b) (‘‘Eligible New The proposed rule change will be
notice is hereby given that, on March Listings’’) and to companies (other than operative for new listings on or after
20, 2018, The Nasdaq Stock Market LLC a company listed under IM–5101–2) April 23, 2018. Companies that list
(‘‘Nasdaq’’ or ‘‘Exchange’’) filed with the switching their listing from the New before that date will continue to receive
Securities and Exchange Commission York Stock Exchange (‘‘NYSE’’) to the services as described in the current rule.
(‘‘SEC’’ or ‘‘Commission’’) the proposed Global or Global Select Markets Nasdaq also proposes to make non-
rule change as described in Items I and (‘‘Eligible Switches’’).3 Nasdaq believes substantive changes to the rule text to
II below, which Items have been that the complimentary service program specify that the 2016 package is no
prepared by the Exchange. The offers valuable services to newly listing longer the current package of for
Commission is publishing this notice to companies, designed to help ease the companies listing on or after April 23,
solicit comments on the proposed rule transition of becoming a public 2018, and to clarify which package is
change from interested persons. company or switching markets, and provided to a company with exactly
makes listing on Nasdaq more attractive $750 million market capitalization.
I. Self-Regulatory Organization’s
to these companies. The services offered
Statement of the Terms of Substance of 2. Statutory Basis
include a whistleblower hotline,
the Proposed Rule Change Nasdaq believes that the proposed
investor relations website, disclosure
The Exchange proposes to modify the services for earnings or other press rule change is consistent with the
disclosure services provided under IM– releases, webcasting, market analytic provisions of Section 6 of the Act,6 in
tools, and may include market advisory general, and Sections 6(b)(4),7 6(b)(5),8
5900–7 to certain new listings. While
tools such as stock surveillance and 6(b)(8),9 in particular, in that the
these amendments are effective upon
(collectively the ‘‘Service Package’’).4 proposal is designed, among other
filing, the Exchange has designated the
As part of the Service Package, things, to provide for the equitable
proposed amendments to be operative
Eligible New Listings and Eligible allocation of reasonable dues, fees, and
for new listings on or after April 23,
Switches with a market capitalization other charges among Exchange members
2018. and issuers and other persons using its
less than $750 million currently receive
The text of the proposed rule change a $15,000 annual stipend for disclosure facilities and to promote just and
is available on the Exchange’s website at services; Eligible New Listings and equitable principles of trade, and is not
http://nasdaq.cchwallstreet.com, at the Eligible Switches with a market designed to permit unfair
principal office of the Exchange, and at capitalization of $750 million or more discrimination between issuers, and that
the Commission’s Public Reference currently receive a $20,000 annual the rules of the Exchange do not impose
Room. stipend for disclosure services. These any burden on competition not
stipends can be used ‘‘for disclosure necessary or appropriate in furtherance
II. Self-Regulatory Organization’s of the purposes of the Act.
services for earnings or other press
Statement of the Purpose of, and Nasdaq faces competition in the
releases, including photographs, and
Statutory Basis for, the Proposed Rule market for listing services,10 and
filing of EDGAR and XBRL reports.’’
Change competes, in part, by offering valuable
Customers have indicated that the
In its filing with the Commission, the annual stipend makes it difficult for services to companies. Nasdaq believes
Exchange included statements them to know what specifically they that it is reasonable to offer
concerning the purpose of and basis for will receive and also to compare the
5 Regulatory reports include XBRL and EDGAR
the proposed rule change and discussed filings and could also include filings with non-U.S.
3 See Exchange Act Release No. 65963 (December
any comments it received on the 15, 2011), 76 FR 79262 (December 21, 2011) (SR–
regulators or banking regulators.
proposed rule change. The text of these NASDAQ–2011–122) (adopting IM–5900–7);
6 15 U.S.C. 78f.
7 15 U.S.C. 78f(4).
statements may be examined at the Exchange Act Release No. 72669 (July 24, 2014), 79
8 15 U.S.C. 78f(5).
places specified in Item IV below. The FR 44234 (July 30, 2014) (SR–NASDAQ–2014–058)
(adopting changes to IM–5900–7); Exchange Act 9 15 U.S.C. 78f(8).
amozie on DSK30RV082PROD with NOTICES
Exchange has prepared summaries, set Release No. 78806 (September 9, 2016), 81 FR 10 The Justice Department has noted the intense
forth in sections A, B, and C below, of 63523 (September 15, 2016) (SR–NASDAQ–2016– competitive environment for exchange listings. See
the most significant aspects of such 098); Exchange Act Release No. 79366 (November ‘‘NASDAQ OMX Group Inc. and
statements. 21, 2016), 81 FR 85663 (November 28, 2016) (SR– IntercontinentalExchange Inc. Abandon Their
NASDAQ–2016–106). Proposed Acquisition Of NYSE Euronext After
4 In addition, all companies listed on Nasdaq Justice Department Threatens Lawsuit’’ (May 16,
1 15 U.S.C. 78s(b)(1). receive services from Nasdaq, including Nasdaq 2011), available at http://www.justice.gov/atr/
2 17 CFR 240.19b–4. Online and the Market Intelligence Desk. public/press_releases/2011/271214.htm.
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![14684 Federal Register / Vol. 83, No. 66 / Thursday, April 5, 2018 / Notices
complimentary services to attract and any burden on competition not Electronic Comments
retain listings as part of this necessary or appropriate in furtherance
competition. All similarly situated • Use the Commission’s internet
of the purposes of the Act. As noted
companies are eligible for the same comment form (http://www.sec.gov/
above, Nasdaq faces competition in the
package of services and the eligibility of rules/sro.shtml); or
market for listing services, and
companies for services is not changing competes, in part, by offering valuable • Send an email to rule-comments@
under this proposed rule change. In services to companies. Nasdaq believes sec.gov. Please include File Number SR–
addition, while under the proposed that the proposed rule change will make NASDAQ–2018–023 on the subject line.
change a package of disclosure services the rule text more transparent to Paper Comments
will be offered instead of a stipend, the customers and better enable customers
types of services and the approximate to compare offerings from various • Send paper comments in triplicate
retail value of the services offered will exchanges, which reflects that to Secretary, Securities and Exchange
not change. Accordingly, Nasdaq does competition, but does not impose any Commission, 100 F Street NE,
not believe this update has an effect on burden on the competition with other Washington, DC 20549–1090.
the allocation of fees nor does it permit exchanges. All submissions should refer to File
unfair discrimination and the proposed Number SR–NASDAQ–2018–023. This
rule change is consistent with the C. Self-Regulatory Organization’s
Statement on Comments on the file number should be included on the
requirements of Section 6(b)(4) and (5) subject line if email is used. To help the
of the Act. Proposed Rule Change Received From
Members, Participants, or Others Commission process and review your
Nasdaq represents, and this proposed comments more efficiently, please use
rule change will help ensure, that No written comments were either only one method. The Commission will
individual listed companies are not solicited or received. post all comments on the Commission’s
given specially negotiated packages of internet website (http://www.sec.gov/
products or services to list, or remain III. Date of Effectiveness of the
Proposed Rule Change and Timing for rules/sro.shtml). Copies of the
listed, which the Commission has submission, all subsequent
previously stated would raise unfair Commission Action
amendments, all written statements
discrimination issues under the Act.11 Because the foregoing proposed rule with respect to the proposed rule
Further, the disclosure services change does not: (i) Significantly affect change that are filed with the
offered in the Services Package reflect the protection of investors or the public Commission, and all written
the current competitive environment for interest; (ii) impose any significant communications relating to the
exchange listings among national burden on competition; and (iii) become proposed rule change between the
securities exchanges, and is appropriate operative for 30 days from the date on Commission and any person, other than
and consistent with Section 6(b)(8) in which it was filed, or such shorter time those that may be withheld from the
furtherance of the purposes of the Act. as the Commission may designate, it has public in accordance with the
Specifically, based on customer become effective pursuant to Section provisions of 5 U.S.C. 552, will be
feedback, Nasdaq believes that the 19(b)(3)(A) of the Act 12 and Rule 19b– available for website viewing and
revised rule will be more transparent to 4(f)(6) thereunder.13 printing in the Commission’s Public
customers and better enable customers Reference Room, 100 F Street NE,
At any time within 60 days of the
to compare offerings from various Washington, DC 20549 on official
filing of the proposed rule change, the
exchanges. Nasdaq also believes that business days between the hours of
Commission summarily may
this enhanced transparency will 10:00 a.m. and 3:00 p.m. Copies of such
temporarily suspend such rule change if
promote just and equitable principles of filing also will be available for
it appears to the Commission that such
trade as required by Section 6(b)(5) of inspection and copying at the principal
action is necessary or appropriate in the
the Act. office of the Exchange. All comments
public interest, for the protection of
Finally, Nasdaq notes that the received will be posted without change.
investors, or otherwise in furtherance of
proposed non-substantive changes to Persons submitting comments are
the purposes of the Act.
the rule text to specify that the 2016 cautioned that we do not redact or edit
package is no longer the current package IV. Solicitation of Comments personal identifying information from
for companies listing on or after April comment submissions. You should
Interested persons are invited to
23, 2018, and to clarify which package submit only information that you wish
submit written data, views, and
is provided to a company with exactly to make available publicly. All
arguments concerning the foregoing,
$750 million market capitalization are submissions should refer to File
including whether the proposed rule
consistent with Section 6(b)(5) of the Number SR–NASDAQ–2018–023, and
change is consistent with the Act.
Act because they will clarify the rule should be submitted on or before April
Comments may be submitted by any of
without making any substantive change. 26, 2018.
the following methods:
B. Self-Regulatory Organization’s For the Commission, by the Division of
Statement on Burden on Competition 12 15 U.S.C. 78s(b)(3)(A). Trading and Markets, pursuant to delegated
13 17 CFR 240.19b–4(f)(6). In addition, Rule 19b–
The Exchange does not believe that authority.14
4(f)(6)(iii) requires a self-regulatory organization to
the proposed rule change will impose Eduardo Aleman,
give the Commission written notice of its intent to
file the proposed rule change, along with a brief Assistant Secretary.
amozie on DSK30RV082PROD with NOTICES
11 See Exchange Act Release No. 79366, 81 FR description and text of the proposed rule change, [FR Doc. 2018–06917 Filed 4–4–18; 8:45 am]
85663 at 85665 (citing Securities Exchange Act at least five business days prior to the date of filing
BILLING CODE 8011–01–P
Release No. 65127 (August 12, 2011), 76 FR 51449, of the proposed rule change, or such shorter time
51452 (August 18, 2011) (approving NYSE–2011– as designated by the Commission. The Exchange
20)). has satisfied this requirement. 14 17 CFR 200.30–3(a)(12).
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Document Created: 2018-11-01 09:13:26
Document Modified: 2018-11-01 09:13:26
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| Section | Notices | |
| FR Citation | 83 FR 14683 |
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