Intermarket Trading System; Notice of Filing of the Twenty First Amendment to the ITS Plan Relating to the Recognition of the Automatic Generation of Outgoing ITS Commitments, 32853-32854 [E5-2872]
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Federal Register / Vol. 70, No. 107 / Monday, June 6, 2005 / Notices
Washington, DC, facility for unrestricted
use. The FDA/CFSAN was authorized
by NRC from 1965 to use radioactive
materials for research and development
purposes at the site. On January 31,
2005, the FDA/CFSAN requested that
NRC release the facility for unrestricted
use. The FDA/CFSAN has conducted
surveys of the facility and provided
information to the NRC to demonstrate
that the site meets the license
termination criteria in subpart E of 10
CFR part 20 for unrestricted use.
The NRC staff has prepared an EA in
support of the license amendment. The
facility was remediated and surveyed
prior to the licensee requesting the
license amendment. The NRC staff has
reviewed the information and final
status survey submitted by the FDA/
CFSAN. Based on its review, the staff
has determined that there are no
additional remediation activities
necessary to complete the proposed
action. Therefore, the staff considered
the impact of the residual radioactivity
at the facility and concluded that since
the residual radioactivity meets the
requirements in subpart E of 10 CFR
part 20, a Finding of No Significant
Impact is appropriate.
you can access the NRC’s Agencywide
Document Access and Management
System (ADAMS), which provides text
and image files of NRC’s public
documents. The ADAMS accession
numbers for the documents related to
this notice are: The Environment
Assessment (ML051430302), Final
Status Survey Report, Federal Building
8, 200 C Street, SW., Washington, DC,
December 22, 2004, Final Report
(ML050340555). Persons who do not
have access to ADAMS or who
encounter problems in accessing the
documents located in ADAMS, should
contact the NRC PDR Reference staff by
telephone at (800) 397–4209 or (301)
415–4737, or by e-mail to pdr@nrc.gov.
Documents related to operations
conducted under this license not
specifically referenced in this Notice
may not be electronically available and/
or may not be publicly available.
Persons who have an interest in
reviewing these documents should
submit a request to NRC under the
Freedom of Information Act (FOIA).
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request can be found on the NRC’s Web
site at https://www.nrc.gov/reading-rm/
foia/foia-privacy.html.
III. Finding of No Significant Impact
The staff has prepared the EA
(summarized above) in support of the
license amendment to release the
facility for unrestricted use. The NRC
staff has evaluated the FDA/CFSAN’s
request and the results of the surveys
and has concluded that the completed
action complies with the criteria in
subpart E of 10 CFR part 20. The staff
has found that the radiological
environmental impacts from the action
are bounded by the impacts evaluated
by NUREG–1496, Volumes 1–3,
‘‘Generic Environmental Impact
Statement in Support of Rulemaking on
Radiological Criteria for License
Termination of NRC-Licensed
Facilities’’ (ML042310492,
ML042320379, and ML042330385). The
staff has also found that the nonradiological impacts are not significant.
On the basis of the EA, the NRC has
concluded that the environmental
impacts from the action are expected to
be insignificant and has determined not
to prepare an environmental impact
statement for the action.
Dated in King of Prussia, Pennsylvania,
this 27th day of May, 2005.
For The Nuclear Regulatory Commission.
James Dwyer,
Chief, Commercial and R&D Branch, Division
of Nuclear Materials Safety, Region I.
[FR Doc. E5–2866 Filed 6–3–05; 8:45 am]
IV. Further Information
Documents related to this action,
including the application for the license
amendment and supporting
documentation, are available
electronically at the NRC’s Electronic
Reading Room at https://www.nrc.gov/
reading-rm/adams.html. From this site,
VerDate jul<14>2003
14:25 Jun 03, 2005
Jkt 205001
BILLING CODE 7590–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–51755; File No. 4–208]
Intermarket Trading System; Notice of
Filing of the Twenty First Amendment
to the ITS Plan Relating to the
Recognition of the Automatic
Generation of Outgoing ITS
Commitments
May 27, 2005.
Pursuant to Section 11A of the
Securities Exchange Act of 1934
(‘‘Act’’),1 and Rule 11Aa3–2
thereunder,2 notice is hereby given that
on April 27, 2005, the Intermarket
Trading System Operating Committee
(‘‘ITSOC’’) submitted to the Securities
and Exchange Commission
(‘‘Commission’’) a proposed amendment
(‘‘Twenty First Amendment’’) to the
PO 00000
1 15
2 17
U.S.C. 78k–1.
CFR 240.11Aa3–2.
Frm 00111
Fmt 4703
Sfmt 4703
32853
restated ITS Plan.3 The purpose of the
proposed amendment is to recognize the
automatic generation of outgoing ITS
commitments in circumstances where
members in the Participants’ markets
send such commitments
contemporaneously with trading at
inferior prices, disseminating a locking
bid/offer in their own market, or a block
trade.
I. Description of the Proposed
Amendment
The ITSOC proposes to amend the
restated ITS Plan to recognize the
automatic generation of outgoing ITS
commitments in circumstances where
members in the Participants’ markets
send such commitments
contemporaneously with trading at
inferior prices, disseminating a locking
bid/offer in their own market, or a block
trade.
The ITSOC proposes to amend the
restated ITS Plan to add a new
paragraph (G) to section 6(a)(ii).
Proposed new language is italicized.
(G) Description Applicable to
Contemporaneous Automatic
Formatting and Sending Commitments
Notwithstanding the descriptions set
forth in section 6(a)(ii)(A), (B), (D) and
(F) above, a Participant (and, in the case
of the NASD, ITS/CAES Market Makers)
may automatically format and
automatically send a commitment to
trade to one or more other Participants,
under the following circumstances: Each
such commitment is sent
contemporaneously with: (i) One or
more transactions on the market of the
sending Participant that, absent the
commitment(s), would be considered an
Exchange trade-through(s) or a third
market participating market center
trade-through(s) (both as defined in
Exhibit B); (ii) the dissemination by the
sending Participant of a locking bid
(offer) (as defined in Exhibit B); or (iii)
a block trade (as defined in Exhibit C).
The term ‘‘one or more transactions on
the market of the sending Participant’’
used in clause (i) in the preceding
3 The ITS Plan is a National Market System
(‘‘NMS’’) plan, which was designed to facilitate
intermarket trading in exchange-listed equity
securities based on current quotation information
emanating from the linked markets. See Securities
Exchange Act Release No. 19456 (January 27, 1983),
48 FR 4938 (February 3, 1983).
The ITS Participants include the American Stock
Exchange LLC (‘‘Amex’’), the Boston Stock
Exchange, Inc. (‘‘BSE’’); the Chicago Board Options
Exchange, Inc. (‘‘CBOE’’); the Chicago Stock
Exchange (‘‘CHX’’), Inc., the Cincinnati Stock
Exchange, Inc. (‘‘CSE’’), the National Association of
Securities Dealers, Inc. (‘‘NASD’’), the New York
Stock Exchange, Inc. (‘‘NYSE’’), the Pacific
Exchange, Inc. (‘‘PCX’’), and the Philadelphia Stock
Exchange, Inc. (‘‘Phlx’’) (‘‘Participants’’).
E:\FR\FM\06JNN1.SGM
06JNN1
32854
Federal Register / Vol. 70, No. 107 / Monday, June 6, 2005 / Notices
sentence means, in addition to the
transaction that would be priced lower
than superior priced bid(s) or higher
than superior priced offer(s) of another
Participant(s), those one or more
transactions priced at such superior
priced bid(s) or offer(s).
The ITSOC provided the following
example that demonstrates the
functioning of clause (i) in subsection G,
utilizing the CHX as the sending
Participant:
a. CHX Receives Order: Buy 2000 atthe-market. Member handling execution
of order determines to complete order at
45.56, necessitating satisfaction of
superior priced offers on other
Participant markets.
NBBO: N—45.50, 45.53; B—5x2.
amendment is achieved by execution of
the amendment on behalf of each ITS
Participant and by Commission
approval. The amendment is so
executed.
G. Description of Operation of Facility
Contemplated by the Proposed
Amendment
14:25 Jun 03, 2005
Jkt 205001
II. Solicitation of Comments
PO 00000
Frm 00112
Fmt 4703
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
Not applicable.
Interested persons are invited to
submit written data, views, and
arguments concerning the foregoing,
including whether the proposed Plan
amendment is consistent with the Act.
Comments may be submitted by any of
the following methods:
Electronic Comments:
Mkt
Bid
Offer
Size
• Use the Commission’s Internet
B ...........
45.30
45.53
1x2 comment form (https://www.sec.gov/
T ............
45.30
45.54
3x3
rules/sro.shtml); or
N ...........
45.50
45.55
5x5
• Send an e-mail to ruleX ...........
45.25
45.59
2x5
P ...........
45.20
45.60
1x1 comments@sec.gov. Please include File
M ...........
45.40
45.65
1x1 No. 4–208 on the subject line.
Paper Comments:
b. CHX Executions: Customer buying/
• Send paper comments in triplicate
member selling as principal 2000
to Jonathan G. Katz, Secretary,
shares: 200 at 45.53; 300 at 45.54; 500
Securities and Exchange Commission,
at 45.55; 1000 at 45.56.
450 Fifth Street, NW., Washington, DC
c. CHX Computer Generated
20549–0609.
Commitments: Member buying to
partially off-set sales on CHX: M to B—
All submissions should refer to File
Buy—200 at 45.53; M to T—Buy—300 at No. 4–208. This file number should be
45.54; M to N—Buy—500 at 45.55.
included on the subject line if e-mail is
A. Governing or Constituent Documents used. To help the Commission process
and review your comments more
Not applicable.
efficiently, please use only one method.
The Commission will post all comments
B. Implementation of Amendment
on the Commission’s Internet Web site
The Participants have manifested
(https://www.sec.gov/rules/sro.shtml).
their approval of the proposed
Copies of the submission, all subsequent
amendment to the Plan by means of
amendments, all written statements
their execution of the proposed
with respect to the proposed Plan
amendments. The proposed amendment amendment that are filed with the
would become effective upon the
Commission, and all written
Commission’s approval of the
communications relating to the
amendment.
proposed Plan amendment between the
Commission and any person, other than
C. Development and Implementation
those that may be withheld from the
Phases
public in accordance with the
Not applicable.
provisions of 5 U.S.C. 552, will be
available for inspection and copying in
D. Analysis of Impact on Competition
the Commission’s Public Reference
The Participants believe that the
Room. Copies of such filing also will be
proposed amendment does not impose
available for inspection and copying at
any burden on competition.
the principal office of the ITS. All
E. Written Understanding or Agreements comments received will be posted
relating to Interpretation of, or
without change; the Commission does
Participation in, Plan
not edit personal identifying
information from submissions. You
Not applicable.
should submit only information that
F. Approval by Sponsors in Accordance you wish to make available publicly. All
with Plan
submissions should refer to File No. 4–
208 and should be submitted on or
Under section 4(c) of the restated ITS
before June 27, 2005.
Plan, the requisite approval of the
VerDate jul<14>2003
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.4
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. E5–2872 Filed 6–3–05; 8:45 am]
Sfmt 4703
[Release No. 34–51734; File No. SR–BSE–
2005–13]
Self-Regulatory Organizations; Boston
Stock Exchange, Inc.; Notice of Filing
and Immediate Effectiveness of
Proposed Rule Change and
Amendment No. 1 Thereto Relating to
Its Membership Dues Fee
May 24, 2005.
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 April 29,
2005, the Boston Stock Exchange
(‘‘BSE’’ or ‘‘Exchange’’) 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 Exchange. On May 12, 2005, the
Exchange filed Amendment No. 1 to the
proposed rule change.3 The Commission
is publishing this notice to solicit
comments on the proposed rule change,
as amended, from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The BSE proposes to amend its
Membership Dues fee. The text of the
proposed rule change is available on the
BSE’s Web site (https://
www.bostonstock.com), at the BSE’s
Office of the Secretary, 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
BSE included statements concerning the
4 17
CFR 200.30–3(a)(27).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 Amendment No. 1 added a sentence to clarify
the purpose for the fee change. The effective date
of the original proposed rule change is April 29,
2005, and the effective date of the amendment is
May 12, 2005. For purposes of calculating the 60day period within which the Commission may
summarily abrogate the proposed rule change, as
amended, under Section 19(b)(3)(C) of the Act, the
Commission considers the period to commence on
May 12, 2005, the date on which the Exchange
submitted Amendment No. 1. See 15 U.S.C.
78s(b)(3)(C).
1 15
E:\FR\FM\06JNN1.SGM
06JNN1
]]>Agencies
[Federal Register Volume 70, Number 107 (Monday, June 6, 2005)]
[Notices]
[Pages 32853-32854]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-2872]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-51755; File No. 4-208]
Intermarket Trading System; Notice of Filing of the Twenty First
Amendment to the ITS Plan Relating to the Recognition of the Automatic
Generation of Outgoing ITS Commitments
May 27, 2005.
Pursuant to Section 11A of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 11Aa3-2 thereunder,\2\ notice is hereby given
that on April 27, 2005, the Intermarket Trading System Operating
Committee (``ITSOC'') submitted to the Securities and Exchange
Commission (``Commission'') a proposed amendment (``Twenty First
Amendment'') to the restated ITS Plan.\3\ The purpose of the proposed
amendment is to recognize the automatic generation of outgoing ITS
commitments in circumstances where members in the Participants' markets
send such commitments contemporaneously with trading at inferior
prices, disseminating a locking bid/offer in their own market, or a
block trade.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78k-1.
\2\ 17 CFR 240.11Aa3-2.
\3\ The ITS Plan is a National Market System (``NMS'') plan,
which was designed to facilitate intermarket trading in exchange-
listed equity securities based on current quotation information
emanating from the linked markets. See Securities Exchange Act
Release No. 19456 (January 27, 1983), 48 FR 4938 (February 3, 1983).
The ITS Participants include the American Stock Exchange LLC
(``Amex''), the Boston Stock Exchange, Inc. (``BSE''); the Chicago
Board Options Exchange, Inc. (``CBOE''); the Chicago Stock Exchange
(``CHX''), Inc., the Cincinnati Stock Exchange, Inc. (``CSE''), the
National Association of Securities Dealers, Inc. (``NASD''), the New
York Stock Exchange, Inc. (``NYSE''), the Pacific Exchange, Inc.
(``PCX''), and the Philadelphia Stock Exchange, Inc. (``Phlx'')
(``Participants'').
---------------------------------------------------------------------------
I. Description of the Proposed Amendment
The ITSOC proposes to amend the restated ITS Plan to recognize the
automatic generation of outgoing ITS commitments in circumstances where
members in the Participants' markets send such commitments
contemporaneously with trading at inferior prices, disseminating a
locking bid/offer in their own market, or a block trade.
The ITSOC proposes to amend the restated ITS Plan to add a new
paragraph (G) to section 6(a)(ii). Proposed new language is italicized.
(G) Description Applicable to Contemporaneous Automatic Formatting and
Sending Commitments
Notwithstanding the descriptions set forth in section 6(a)(ii)(A),
(B), (D) and (F) above, a Participant (and, in the case of the NASD,
ITS/CAES Market Makers) may automatically format and automatically send
a commitment to trade to one or more other Participants, under the
following circumstances: Each such commitment is sent contemporaneously
with: (i) One or more transactions on the market of the sending
Participant that, absent the commitment(s), would be considered an
Exchange trade-through(s) or a third market participating market center
trade-through(s) (both as defined in Exhibit B); (ii) the dissemination
by the sending Participant of a locking bid (offer) (as defined in
Exhibit B); or (iii) a block trade (as defined in Exhibit C). The term
``one or more transactions on the market of the sending Participant''
used in clause (i) in the preceding
[[Page 32854]]
sentence means, in addition to the transaction that would be priced
lower than superior priced bid(s) or higher than superior priced
offer(s) of another Participant(s), those one or more transactions
priced at such superior priced bid(s) or offer(s).
The ITSOC provided the following example that demonstrates the
functioning of clause (i) in subsection G, utilizing the CHX as the
sending Participant:
a. CHX Receives Order: Buy 2000 at-the-market. Member handling
execution of order determines to complete order at 45.56, necessitating
satisfaction of superior priced offers on other Participant markets.
NBBO: N--45.50, 45.53; B--5x2.
------------------------------------------------------------------------
Mkt Bid Offer Size
------------------------------------------------------------------------
B...................................... 45.30 45.53 1x2
T...................................... 45.30 45.54 3x3
N...................................... 45.50 45.55 5x5
X...................................... 45.25 45.59 2x5
P...................................... 45.20 45.60 1x1
M...................................... 45.40 45.65 1x1
------------------------------------------------------------------------
b. CHX Executions: Customer buying/member selling as principal 2000
shares: 200 at 45.53; 300 at 45.54; 500 at 45.55; 1000 at 45.56.
c. CHX Computer Generated Commitments: Member buying to partially
off-set sales on CHX: M to B--Buy--200 at 45.53; M to T--Buy--300 at
45.54; M to N--Buy--500 at 45.55.
A. Governing or Constituent Documents
Not applicable.
B. Implementation of Amendment
The Participants have manifested their approval of the proposed
amendment to the Plan by means of their execution of the proposed
amendments. The proposed amendment would become effective upon the
Commission's approval of the amendment.
C. Development and Implementation Phases
Not applicable.
D. Analysis of Impact on Competition
The Participants believe that the proposed amendment does not
impose any burden on competition.
E. Written Understanding or Agreements relating to Interpretation of,
or Participation in, Plan
Not applicable.
F. Approval by Sponsors in Accordance with Plan
Under section 4(c) of the restated ITS Plan, the requisite approval
of the amendment is achieved by execution of the amendment on behalf of
each ITS Participant and by Commission approval. The amendment is so
executed.
G. Description of Operation of Facility Contemplated by the Proposed
Amendment
Not applicable.
II. Solicitation of Comments
Interested persons are invited to submit written data, views, and
arguments concerning the foregoing, including whether the proposed Plan
amendment 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 rule-comments@sec.gov. Please include
File No. 4-208 on the subject line.
Paper Comments:
Send paper comments in triplicate to Jonathan G. Katz,
Secretary, Securities and Exchange Commission, 450 Fifth Street, NW.,
Washington, DC 20549-0609.
All submissions should refer to File No. 4-208. 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 Internet Web site (https://www.sec.gov/rules/sro.shtml).
Copies of the submission, all subsequent amendments, all written
statements with respect to the proposed Plan amendment that are filed
with the Commission, and all written communications relating to the
proposed Plan amendment 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 Room. Copies of such
filing also will be available for inspection and copying at the
principal office of the ITS. 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 No. 4-208 and should be submitted on or before June 27, 2005.
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\4\
---------------------------------------------------------------------------
\4\ 17 CFR 200.30-3(a)(27).
---------------------------------------------------------------------------
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. E5-2872 Filed 6-3-05; 8:45 am]
BILLING CODE 8010-01-P
