Self-Regulatory Organizations; International Securities Exchange, Inc.; Order Granting Approval of Proposed Rule Change and Amendment No. 1 Thereto Relating to System-Assisted Quotation Services, 3758 [E5-280]

Download as PDF 3758 Federal Register / Vol. 70, No. 16 / Wednesday, January 26, 2005 / Notices III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Because the foregoing rule change establishes or changes a due, fee, or other charge imposed by the Exchange, it has become effective pursuant to section 19(b)(3)(A)(ii) of the Act 11 and subparagraph (f)(2) of Rule 19b–4 thereunder.12 Accordingly, the proposal will take effect upon filing with the Commission. At any time within 60 days of the filing of the proposed rule change, the Commission may summarily abrogate 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 Comments • Use the Commission’s Internet comment form (https://www.sec.gov/ rules/sro.shtml); or • Send an e-mail to rulecomments@sec.gov. Please include File Number SR–CBOE–2005–05 on the subject line. available for inspection and copying in the Commission’s Public Reference Room. Copies of the filing also will be available for inspection and copying at the principal office of the CBOE. 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–CBOE–2005–05 and should be submitted on or before February 16, 2005. For the Commission, by the Division of Market Regulation, pursuant to delegated authority.13 Margaret H. McFarland, Deputy Secretary. [FR Doc. E5–282 Filed 1–25–05; 8:45 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–51050; File No. SR–ISE– 2004–31] Self-Regulatory Organizations; International Securities Exchange, Inc.; Order Granting Approval of Proposed Rule Change and Amendment No. 1 Thereto Relating to System-Assisted Quotation Services January 18, 2005. On September 30, 2004, the Paper Comments International Securities Exchange, Inc. (‘‘ISE’’ or ‘‘Exchange’’) submitted to the • Send paper comments in triplicate Securities and Exchange Commission to Jonathan G. Katz, Secretary, (‘‘Commission’’), pursuant to Section Securities and Exchange Commission, 19(b)(1) of the Securities Exchange Act 450 Fifth Street, NW., Washington, DC of 1934 (‘‘Act’’) 1 and Rule 19b–4 20549–0609. thereunder,2 a proposed rule change to All submissions should refer to File codify in the ISE’s rules certain services Number SR–CBOE–2005–05. This file the ISE offers market makers to help number should be included on the subject line if e-mail is used. To help the them manage their quotations. On November 16, 2004, the ISE submitted Commission process and review your Amendment No.1 to the proposed rule comments more efficiently, please use only one method. The Commission will change. The proposed rule change, as post all comments on the Commission’s modified by Amendment No. 1, was published for comment in the Federal Internet Web site (https://www.sec.gov/ Register on December 14, 2004.3 The rules/sro.shtml). Copies of the Commission received no comments on submission, all subsequent the proposed rule change. amendments, all written statements After careful consideration, the with respect to the proposed rule Commission finds that the proposed change that are filed with the rule change is consistent with the Commission, and all written requirements of the Act and the rules communications relating to the and regulations thereunder that are proposed rule change between the Commission and any person, other than applicable to a national securities those that may be withheld from the 13 17 CFR 200.30–3(a)(12). public in accordance with the 1 15 U.S.C. 78s(b)(1). provisions of 5 U.S.C. 552, will be 2 17 CFR 240.19b–4. 3 Securities Exchange Act Release No. 50813 (December 7, 2004), 69 FR 74551 (December 14, 2004). 11 15 U.S.C. 78s(b)(3)(A)(ii). 12 17 CFR 240.19b–4(f)(2). VerDate jul<14>2003 19:33 Jan 25, 2005 Jkt 205001 PO 00000 Frm 00089 Fmt 4703 Sfmt 4703 exchange.4 In particular, the Commission believes that the proposed rule change is consistent with Section 6(b)(5) of the Act,5 which requires among other things, that the rules of the Exchange are designed to promote just and equitable principles of trade, to remove impediments to and perfect the mechanism of a free and open market and a national market system, and, in general, to protect investors and the public interest. The Commission notes that the proposal does not alter the obligations of ISE market makers. The proposed rule change codifies ISE system functionality which should provide ISE market makers assistance in effectively managing their quotations. It is therefore ordered, pursuant to Section 19(b)(2) of the Act,6 that the proposed rule change (SR–ISE–2004–31) be, and it hereby is, approved. For the Commission, by the Division of Market Regulation, pursuant to delegated authority.7 Margaret H. McFarland, Deputy Secretary. [FR Doc. E5–280 Filed 1–25–05; 8:45 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–51054; File No. SR–NYSE– 2005–07] Self-Regulatory Organizations; Notice of Filing of Proposed Rule Change by the New York Stock Exchange, Inc. Relating to Proposed Changes to Exchange Rules 440F (‘‘Public Short Sale Transactions Effected on the Exchange’’) and 440G (‘‘Transactions in Stocks and Warrants for the Accounts of Members, Allied Members and Member Organizations’’) January 18, 2005. Pursuant to Section 19(b)(1) 1 of the Securities Exchange Act of 1934 (the ‘‘Exchange Act’’),2 and Rule 19b–4 thereunder,3 notice is hereby given that on January 11, 2005, the New York Stock Exchange, Inc. (the ‘‘NYSE’’ or the ‘‘Exchange’’) filed with the Securities and Exchange Commission (the ‘‘SEC’’ or the ‘‘Commission’’) the proposed rule change as described in Items I, II, and III below, which Items have been 4 In approving this proposed rule change, the Commission notes that it has considered the proposed rule’s impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). 5 15 U.S.C. 78f(b)(5). 6 15 U.S.C. 78s(b)(2). 7 17 CFR 200.30–3(a)(12). 1 15 U.S.C. 78s(b)(1). 2 15 U.S.C. 78a et seq. 3 17 CFR 240.19b–4. E:\FR\FM\26JAN1.SGM 26JAN1

Agencies

[Federal Register Volume 70, Number 16 (Wednesday, January 26, 2005)]
[Notices]
[Page 3758]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-280]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-51050; File No. SR-ISE-2004-31]


Self-Regulatory Organizations; International Securities Exchange, 
Inc.; Order Granting Approval of Proposed Rule Change and Amendment No. 
1 Thereto Relating to System-Assisted Quotation Services

January 18, 2005.
    On September 30, 2004, the International Securities Exchange, Inc. 
(``ISE'' or ``Exchange'') submitted to the Securities and Exchange 
Commission (``Commission''), pursuant to Section 19(b)(1) of the 
Securities Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 
thereunder,\2\ a proposed rule change to codify in the ISE's rules 
certain services the ISE offers market makers to help them manage their 
quotations. On November 16, 2004, the ISE submitted Amendment No.1 to 
the proposed rule change. The proposed rule change, as modified by 
Amendment No. 1, was published for comment in the Federal Register on 
December 14, 2004.\3\ The Commission received no comments on the 
proposed rule change.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Securities Exchange Act Release No. 50813 (December 7, 
2004), 69 FR 74551 (December 14, 2004).
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    After careful consideration, the Commission finds that the proposed 
rule change is consistent with the requirements of the Act and the 
rules and regulations thereunder that are applicable to a national 
securities exchange.\4\ In particular, the Commission believes that the 
proposed rule change is consistent with Section 6(b)(5) of the Act,\5\ 
which requires among other things, that the rules of the Exchange are 
designed to promote just and equitable principles of trade, to remove 
impediments to and perfect the mechanism of a free and open market and 
a national market system, and, in general, to protect investors and the 
public interest. The Commission notes that the proposal does not alter 
the obligations of ISE market makers. The proposed rule change codifies 
ISE system functionality which should provide ISE market makers 
assistance in effectively managing their quotations.
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    \4\ In approving this proposed rule change, the Commission notes 
that it has considered the proposed rule's impact on efficiency, 
competition, and capital formation. See 15 U.S.C. 78c(f).
    \5\ 15 U.S.C. 78f(b)(5).
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    It is therefore ordered, pursuant to Section 19(b)(2) of the 
Act,\6\ that the proposed rule change (SR-ISE-2004-31) be, and it 
hereby is, approved.
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    \6\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\7\
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    \7\ 17 CFR 200.30-3(a)(12).
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Margaret H. McFarland,
Deputy Secretary.
 [FR Doc. E5-280 Filed 1-25-05; 8:45 am]
BILLING CODE 8010-01-P
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