Canadian Derivatives Clearing Corporation; Order Approving Accelerated Distribution of an Amended Options Disclosure Document, 6740-6741 [E5-511]
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Federal Register / Vol. 70, No. 25 / Tuesday, February 8, 2005 / Notices
concluded All Tech Corporation had not
conducted its activities in full
compliance with NRC requirements.
The Board is comprised of the
following administrative judges:
Lawrence McDade, Chair, Atomic Safety
and Licensing Board Panel, U.S.
Nuclear Regulatory Commission,
Washington, DC 20555–0001.
E. Roy Hawkens, Atomic Safety and
Licensing Board Panel, U.S. Nuclear
Regulatory Commission, Washington,
DC 20555–0001.
Dr. Peter S. Lam, Atomic Safety and
Licensing Board Panel, U.S. Nuclear
Regulatory Commission, Washington,
DC 20555–0001.
All correspondence, documents, and
other materials shall be filed with the
administrative judges in accordance
with 10 CFR 2.346(I).
Issued in Rockville, Maryland, this 2nd
day of February 2005.
G. Paul Bollwerk, III,
Chief Administrative Judge, Atomic Safety
and Licensing Board Panel.
[FR Doc. 05–2367 Filed 2–7–05; 8:45 am]
BILLING CODE 7590–01–P
NUCLEAR REGULATORY
COMMISSION
Sunshine Act; Meetings
Weeks of February 7, 14, 21, 28,
March 7, 14, 2005.
PLACE: Commissioners’ Conference
Room, 11555 Rockville Pike, Rockville,
Maryland.
STATUS: Public and Closed.
MATTERS TO BE CONSIDERED:
DATE:
Week of February 7, 2005
There are no meetings scheduled for
the week of February 7, 2005.
Week of February 14, 2005—Tentative
Tuesday, February 15, 2005:
9:30 a.m. Briefing on Office of Nuclear
Material Safety and Safeguards
Programs, Performance, and Plans—
Waste Safety (Public Meeting)
(Contact: Jessica Shin, 301–415–
8117). This meeting will be webcast
live at the Web address—https://
www.nrc.gov.
Week of February 21, 2005—Tentative
Tuesday, February 22, 2005:
9:30 a.m. Briefing on Status of Office
of the Chief Information Officer
(OCIO) Programs, Performance, and
Plans (Public Meeting) (Contact:
Patricia Wolfe, 301–415–6031). This
meeting will be webcast live at the
Web address—https://www.nrc.gov.
1:30 p.m. Briefing on Emergency
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Preparedness Program Initiatives
(Closed—Ex. 1)
Wednesday, February 23, 2005:
9:30 a.m. Briefing on Status of Office
of the Chief Financial Officer
(OCFO) Programs, Performance, and
Plans (Public Meeting) (Contact:
Edward New, 301–415–5646). This
meeting will be webcast live at the
Web address—https://www/nrc.gov.
Thursday, February 24, 2005:
9 a.m. Discussion of Security Issues
(Closed—Ex. 1)
1 p.m. Briefing on Nuclear Fuel
Performance (Public Meeting)
(Contact: Frank Akstulewicz, 301–
415–1136). This meeting will be
webcast live at the Web address—
https://www.nrc.gov.
Week of February 28, 2005—Tentative
There are no meetings scheduled for the
week of February 28, 2005.
requests for reasonable accommodation
will be made on a case-by-case basis.
*
*
*
*
*
This notice is distributed by mail to
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longer wish to receive it, or would like
to be added to the distribution, please
contact the Office of the Secretary,
Washington, DC 20555 (301–415–1969).
In addition, distribution of this meeting
notice over the Internet system is
available. If you are interested in
receiving this Commission meeting
schedule electronically, please send an
electronic message to dkw@nrc.gov.
Dated: February 3, 2005.
Dave Gamberoni,
Office of the Secretary.
[FR Doc. 05–2481 Filed 2–4–05; 9:27 am]
BILLING CODE 7590–01–M
Week of March 7, 2005—Tentative
Monday, March 7, 2005:
9:30 a.m. Briefing on Office of Nuclear
Material Safety and Safeguards
Programs, Performance, and Plans—
Materials Safety (Public Meeting)
(Contact: Shamica Walker, 301–
415–5142). This meeting will be
webcast live at the Web address—
https://www.nrc.gov.
SECURITIES AND EXCHANGE
COMMISSION
Week of March 14, 2005—Tentative
Wednesday, March 16, 2005:
9:30 a.m. Meeting with Advisory
Committee on Nuclear Waste
(ACNW) (Public Meeting) (Contact:
John Larkins, 301–415–7360). This
meeting will be webcast live at the
Web address—https://www.nrc.gov.
February 2, 2005.
[Release No. 34–51124; File No. SR–ODD–
2004–03]
Canadian Derivatives Clearing
Corporation; Order Approving
Accelerated Distribution of an
Amended Options Disclosure
Document
*The schedule for Commission meetings is
subject to change on short notice. To verify
the status of meetings call (recording)—(301)
415–1292. Contact person for more
information: Dave Gamberoni, (301) 415–
1651.
On January 28, 2005, the Canadian
Derivatives Clearing Corporation
(‘‘CDCC’’),1 on behalf of the Bourse de
´
´
Montreal, Inc. (‘‘Bourse de Montreal’’),
submitted to the Securities and
Exchange Commission (‘‘Commission’’),
pursuant to Rule 9b–1 under the
Securities Exchange Act of 1934
(‘‘Act’’),2 five definitive copies of an
amended options disclosure document
(‘‘ODD’’) that describes the risks and
characteristics of options traded on the
´
Bourse de Montreal.3 The CDCC has
*
*
*
*
*
The NRC Commission Meeting
Schedule can be found on the
Internet at: https://www.nrc.gov/
what-we-do/policy-making/
schedule.html.
*
*
*
*
*
The NRC provides reasonable
accommodation to individuals with
disabilities where appropriate. If you
need a reasonable accommodation to
participate in these public meetings, or
need this meeting notice or the
transcript or other information from the
public meetings in another format (e.g.
braille, large print), please notify the
NRC’s Disability Program Coordinator,
August Spector, at 301–415–7080, TDD:
301–415–2100, or by e-mail at
aks@nrc.gov. Determinations on
1 The CDCC formerly was known as Trans Canada
Options, Inc. (‘‘TCO’’). The name of the corporation
was changed in January 1996.
2 17 CFR 240.9b–1.
3 The Commission initially reviewed the ODD in
1984. See Securities Exchange Act Release No.
21365 (October 2, 1984), 49 FR 39400 (October 5,
1984) (File No. ODD–84–1). Since then, the
Commission has reviewed several amendments to
the ODD. See, e.g., Securities Exchange Act Release
Nos. 44333 (May 21, 2001), 66 FR 29193 (May 29,
2001) (File No. SR–ODD–00–04) (amending the
ODD to reflect, among other things, changes to the
structure of the Canadian equity markets and to
provide a discussion of Enhanced Capital
Marketing); 37569 (August 14, 1996), 61 FR 43281
(August 21, 1996) (File No. SR–ODD–96–01)
(amending the ODD to reflect, among other things,
the name change from TCO to CDCC); 29033 (April
1, 1991), 56 FR 14407 (April 9, 1991) (File No. SR–
ODD–91–1) (amending the ODD to include, among
other things, references to Toronto Stock Exchange
35 Composite Index options); 24480 (May 19, 1987),
52 FR 20179 (May 29, 1987) (File No. SR–ODD–87–
PO 00000
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Federal Register / Vol. 70, No. 25 / Tuesday, February 8, 2005 / Notices
revised the ODD to, among other things,
reflect the CDCC’s new automatic
exercise parameters for equity and bond
options, to add an Annex to the ODD
setting forth the holidays and early
´
closings of the Bourse de Montreal, to
update the discussion of Canadian
federal income tax considerations
applicable to non-residents, and to
indicate that the S&P/TSE 60 Index is
now named the S&P/TSX 60 Index.
Rule 9b–1 under the Act provides that
an options market must file five
preliminary copies of an amended ODD
with the Commission at least 30 days
prior to the date when definitive copies
of the amended ODD are furnished to
customers, unless the Commission
determines otherwise, having due
regard to the adequacy of the
information disclosed and the public
interest and protection of investors.4
The Commission has reviewed the
amended ODD and finds, having due
regard to the adequacy of the
information disclosed, that it is
consistent with the protection of
investors and in the public interest to
allow the distribution of the amended
ODD as of the date of this order.5
It is therefore ordered, pursuant to
Rule 9b–1 under the Act,6 that the
distribution of the revised ODD (SR–
ODD–2004–03) as of the date of this
order, is approved.
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.7
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. E5–511 Filed 2–7–05; 8:45 am]
BILLING CODE 8010–01–P
2) (amending the ODD to include, among other
things, a discussion of Government of Canada
Treasury Bill Price Index options; and 22349
(August 21, 1985), 50 FR 34956 (August 28, 1985)
(File No. SR–ODD–85–1) (amending the ODD to
include, among other things, a discussion of the
risks and uses of stock index and bond options).
4 This provision is intended to permit the
Commission either to accelerate or extend the time
period in which definitive copies of a disclosure
document may be distributed to the public.
5 Rule 9b–1 under the Act provides that the use
of an ODD shall not be permitted unless the options
class to which the documents relates is the subject
of an effective registration statement on Form S–20
under the Securities Act of 1933. On April 19, 2004,
the Commission, pursuant to delegated authority,
declared effective the CDCC’s most recent PostEffective Amendment to its Form S–20 registration
statement. See File No. 2–69458.
6 17 CFR 240.9b–1.
7 17 CFR 200.30–3(a)(39)(i).
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SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–51119; File No. SR–Amex–
2004–72]
Self-Regulatory Organizations; Order
Approving Proposed Rule Change and
Amendment No. 1 Thereto by the
American Stock Exchange LLC to
Amend Its Minor Rule Violation Plan
February 1, 2005.
On August 23, 2004, the American
Stock Exchange LLC (‘‘Amex’’ or
‘‘Exchange’’) filed with 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
amend Exchange Rule 590, its Minor
Rule Violation Fine Plan (‘‘Plan’’). On
November 23, 2004, Amex filed
Amendment No. 1 to the proposed rule
change. The proposed rule change, as
amended, was published for comment
in the Federal Register on December 22,
2004.3 The Commission received no
comments regarding the proposal.
The Exchange proposed to make the
following actions subject to its Plan:
• Failure to comply with trade
reporting requirements for options
(Amex Rule 992);
• Violation of Exchange rules
regarding the deactivation of quote
assist as it pertains to options (Amex
Rules 950(g), Commentary .01 and 950–
ANTE(g), Commentary .01);
• Violation of Exchange rules
regarding the Options Linkage Program
relating to the responding to, and
receiving of, Linkage Orders (Amex Rule
941(d) and (e)), Avoidance and
Satisfaction of Trade-Throughs (Amex
Rule 942(a)), and Locked Markets
(Amex Rule 943);
• Violation of Exchange policy
regarding affirmative determination of
the availability for borrowing of shares
of Amex-listed issues prior to effecting
short sale transactions (Circular 90–25);
and
• Effecting or causing to be effected a
transaction outside of business hours
through the Intermarket Trading System
(Amex Rules 1, 100, and 233).
The Exchange also proposed to amend
the Plan as follows:
• Expand the requirement of
reporting trade comparison data (Part
2(d)(3) of Amex Rule 590) to include all
transactions effected on the Exchange
and to relocate such rule to Part 1(g) of
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 50871
(December 16, 2004), 69 FR 76801.
PO 00000
1 15
2 17
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6741
Amex Rule 590 so as to subject it to
Amex Enforcement Department action
rather than Amex Floor Official action;
and
• Revise Part 3 of Amex Rule 590 to
reflect the current filing schedule for the
Form 50 (Short Position), which is now
also required to be filed at or about the
end of the month for selected derivative
products.
The Commission finds that the
proposed rule change is consistent with
the requirements of the Act and the
rules and regulations thereunder
applicable to a national securities
exchange.4 In particular, the
Commission believes that the proposal
is consistent with Section 6(b)(5) of the
Act 5 which requires that the rules of an
exchange be designed to promote just
and equitable principles of trade, to
remove impediments and to 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 also
believes that the proposal is consistent
with Sections 6(b)(1) 6 and 6(b)(6) 7 of
the Act which require that the rules of
an exchange enforce compliance and
provide appropriate discipline for
violations of Commission and Exchange
rules. In addition, because Amex Rule
590 provides procedural rights to a
person fined under the Plan to contest
the fine and permit a hearing on the
matter, the Exchange believes the
proposal provides a fair procedure for
the disciplining of members and
persons associated with members,
consistent with Sections 6(b)(7) 8 and
6(d)(1) 9 of the Act.
Finally, the Commission finds that the
proposal is consistent with the public
interest, the protection of investors, or
otherwise in furtherance of the purposes
of the Act, as required by Rule 19d–
1(c)(2) under the Act 10 which governs
minor rule violation plans. The
Commission believes that these changes
to Amex’s Plan will strengthen its
ability to carry out its oversight and
enforcement responsibilities as a selfregulatory organization in cases where
full disciplinary proceedings are
unsuitable in view of the minor nature
of the particular violation.
In approving this proposed rule
change, the Commission in no way
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. 78f(b)(1).
7 15 U.S.C. 78f(b)(6).
8 15 U.S.C. 78f(b)(7).
9 15 U.S.C. 78f(d)(1).
10 17 CFR 240.19d–1(c)(2).
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]]>Agencies
[Federal Register Volume 70, Number 25 (Tuesday, February 8, 2005)]
[Notices]
[Pages 6740-6741]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-511]
=======================================================================
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-51124; File No. SR-ODD-2004-03]
Canadian Derivatives Clearing Corporation; Order Approving
Accelerated Distribution of an Amended Options Disclosure Document
February 2, 2005.
On January 28, 2005, the Canadian Derivatives Clearing Corporation
(``CDCC''),\1\ on behalf of the Bourse de Montr[eacute]al, Inc.
(``Bourse de Montr[eacute]al''), submitted to the Securities and
Exchange Commission (``Commission''), pursuant to Rule 9b-1 under the
Securities Exchange Act of 1934 (``Act''),\2\ five definitive copies of
an amended options disclosure document (``ODD'') that describes the
risks and characteristics of options traded on the Bourse de
Montr[eacute]al.\3\ The CDCC has
[[Page 6741]]
revised the ODD to, among other things, reflect the CDCC's new
automatic exercise parameters for equity and bond options, to add an
Annex to the ODD setting forth the holidays and early closings of the
Bourse de Montr[eacute]al, to update the discussion of Canadian federal
income tax considerations applicable to non-residents, and to indicate
that the S&P/TSE 60 Index is now named the S&P/TSX 60 Index.
---------------------------------------------------------------------------
\1\ The CDCC formerly was known as Trans Canada Options, Inc.
(``TCO''). The name of the corporation was changed in January 1996.
\2\ 17 CFR 240.9b-1.
\3\ The Commission initially reviewed the ODD in 1984. See
Securities Exchange Act Release No. 21365 (October 2, 1984), 49 FR
39400 (October 5, 1984) (File No. ODD-84-1). Since then, the
Commission has reviewed several amendments to the ODD. See, e.g.,
Securities Exchange Act Release Nos. 44333 (May 21, 2001), 66 FR
29193 (May 29, 2001) (File No. SR-ODD-00-04) (amending the ODD to
reflect, among other things, changes to the structure of the
Canadian equity markets and to provide a discussion of Enhanced
Capital Marketing); 37569 (August 14, 1996), 61 FR 43281 (August 21,
1996) (File No. SR-ODD-96-01) (amending the ODD to reflect, among
other things, the name change from TCO to CDCC); 29033 (April 1,
1991), 56 FR 14407 (April 9, 1991) (File No. SR-ODD-91-1) (amending
the ODD to include, among other things, references to Toronto Stock
Exchange 35 Composite Index options); 24480 (May 19, 1987), 52 FR
20179 (May 29, 1987) (File No. SR-ODD-87-2) (amending the ODD to
include, among other things, a discussion of Government of Canada
Treasury Bill Price Index options; and 22349 (August 21, 1985), 50
FR 34956 (August 28, 1985) (File No. SR-ODD-85-1) (amending the ODD
to include, among other things, a discussion of the risks and uses
of stock index and bond options).
---------------------------------------------------------------------------
Rule 9b-1 under the Act provides that an options market must file
five preliminary copies of an amended ODD with the Commission at least
30 days prior to the date when definitive copies of the amended ODD are
furnished to customers, unless the Commission determines otherwise,
having due regard to the adequacy of the information disclosed and the
public interest and protection of investors.\4\
---------------------------------------------------------------------------
\4\ This provision is intended to permit the Commission either
to accelerate or extend the time period in which definitive copies
of a disclosure document may be distributed to the public.
---------------------------------------------------------------------------
The Commission has reviewed the amended ODD and finds, having due
regard to the adequacy of the information disclosed, that it is
consistent with the protection of investors and in the public interest
to allow the distribution of the amended ODD as of the date of this
order.\5\
It is therefore ordered, pursuant to Rule 9b-1 under the Act,\6\
that the distribution of the revised ODD (SR-ODD-2004-03) as of the
date of this order, is approved.
---------------------------------------------------------------------------
\5\ Rule 9b-1 under the Act provides that the use of an ODD
shall not be permitted unless the options class to which the
documents relates is the subject of an effective registration
statement on Form S-20 under the Securities Act of 1933. On April
19, 2004, the Commission, pursuant to delegated authority, declared
effective the CDCC's most recent Post-Effective Amendment to its
Form S-20 registration statement. See File No. 2-69458.
\6\ 17 CFR 240.9b-1.
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\7\
Margaret H. McFarland,
Deputy Secretary.
---------------------------------------------------------------------------
\7\ 17 CFR 200.30-3(a)(39)(i).
---------------------------------------------------------------------------
[FR Doc. E5-511 Filed 2-7-05; 8:45 am]
BILLING CODE 8010-01-P
