Self-Regulatory Organizations; Pacific Exchange, Inc.; Notice of Filing of Proposed Rule Change Relating to Exchange Fees and Charges, 34511-34513 [05-11680]
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Federal Register / Vol. 70, No. 113 / Tuesday, June 14, 2005 / Notices
in Item IV below. The CBOE 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
The Exchange proposes to amend its
Fees Schedule to reduce public
customer transaction fees and the
license fee assessed to the Designated
Primary Market-Maker (‘‘DPM’’) and
market-makers in options on the RUT.
Specifically, the Exchange proposes to
reduce public customer transaction fees
to $.15 per contract for transactions in
RUT options. Currently, RUT customer
transaction fees are $.45 per contract if
the premium is greater than or equal to
$1 and $.25 per contract if the premium
is less than $1. The Exchange believes
this proposed fee reduction will help
the Exchange compete more effectively
for order flow in the RUT product.
The Exchange also proposes to reduce
from $.40 per contract to $.10 per
contract the license fee that is currently
assessed on all DPM and market-maker
transactions in RUT options (‘‘RUT
License Fee’’). The RUT License Fee is
assessed by the Exchange to help it
recoup the license fees the Exchange
pays to the Frank Russell Company
(‘‘Russell’’) for its license to trade the
RUT product.6 The Exchange recently
renegotiated its license agreement with
Russell. The license fees owed to
Russell have been lowered in
conjunction with the renegotiated
agreement. As a result, the Exchange has
determined to reduce the amount of the
RUT License Fee as well as eliminate
the requirement that the RUT DPM
make up any shortfall between the
proceeds of the RUT License Fee and
the Exchange’s license obligation to
Russell.
The Exchange intends to implement
these fee changes on May 1, 2005.
2. Statutory Basis
The CBOE believes that the proposed
rule change is consistent with Section
6(b) of the Act, 7 in general, and furthers
the objectives of Section 6(b)(4)8 of the
Act in particular, in that it is designed
to provide for the equitable allocation of
reasonable dues, fees, and other charges
among CBOE members.
6 See Securities Exchange Act Release No. 49601
(April 22, 2004), 69 FR 23836 (April 30, 2004) (SR–
CBOE–2004–19).
7 15 U.S.C. 78f(b).
8 15 U.S.C. 78f(b)(4).
VerDate jul<14>2003
20:14 Jun 13, 2005
Jkt 205001
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The CBOE does not believe that the
proposed rule change will impose any
burden on competition that is not
necessary or appropriate in furtherance
of the purposes of the Act.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants or Others
No written comments were solicited
or received with respect to the proposed
rule change.
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) of the Act 9 and
subparagraph (f)(2) of Rule 19b–4
thereunder.10
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.11
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views, and
arguments concerning the foregoing,
including whether the proposed rule
change, as amended, 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–2005–31 on the
subject line.
34511
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 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 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 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–2005–31 and should
be submitted on or before July 5, 2005.
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.12
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. E5–3063 Filed 6–13–05; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–51795; File No. SR–PCX–
2005–67]
Self-Regulatory Organizations; Pacific
Exchange, Inc.; Notice of Filing of
Proposed Rule Change Relating to
Exchange Fees and Charges
June 7, 2005.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’),1 and Rule 19b–4 thereunder,2
Paper Comments
notice is hereby given that on May 6,
2005, the Pacific Exchange, Inc. (‘‘PCX’’
• Send paper comments in triplicate
or ‘‘Exchange’’) filed with the Securities
to Jonathan G. Katz, Secretary,
and Exchange Commission
Securities and Exchange Commission,
(‘‘Commission’’) the proposed rule
450 Fifth Street, NW., Washington, DC
change as described in Items I, II and III
20549–0609.
below, which Items have been prepared
All submissions should refer to File
by the PCX. The Commission is
Number SR–CBOE–2005–31. This file
publishing this notice to solicit
number should be included on the
subject line if e-mail is used. To help the comments on the proposed rule change
from interested persons.
Commission process and review your
PO 00000
9 15
12 17
10 17
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(2).
11 See supra note 3.
1 15
Frm 00071
Fmt 4703
Sfmt 4703
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
E:\FR\FM\14JNN1.SGM
14JNN1
34512
Federal Register / Vol. 70, No. 113 / Tuesday, June 14, 2005 / Notices
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The PCX, through its wholly-owned
subsidiary PCX Equities, Inc. (‘‘PCXE’’),
proposes to amend its Schedule of Fees
and Charges in order to modify the list
of eligible strategies that apply to
Option Strategy Executions retroactive
to January 1, 2005. The text of the
proposed rule change is available on the
PCX’s Web site (https://
www.pacificex.com), at the PCX’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
PCX included statements concerning the
purpose of and basis for the proposed
rule change. The text of these statements
may be examined at the places specified
in Item IV below. The PCX 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
In a separate rule filing, SR–PCX–
2005–65,3 the PCX proposed to modify
the list of strategies presently included
in the fee that applies to Option Strategy
Executions to add two strategies: (1)
short interest spreads and (2) merger
spreads. That rule filing is prospective.
The purpose of this rule filing is to
make one of these same changes
retroactive to January 1, 2005.
In SR–PCX–2005–65, the PCX added
to its strategy fee cap a strategy used to
capture short stock interest. The ‘‘short
stock interest spread’’ is defined as a
spread that uses two deep in the money
put options followed by the exercise of
the resulting long position of the same
class in order to establish a short stock
interest arbitrage position.4
Because the short stock interest
spread transactions are generally
executed by professionals whose profit
margins are generally narrow, the
Exchange proposes to cap the
transaction fees associated with such
executions at $1,000 per strategy
3 See Securities Exchange Act Release No. 51787
(June 6, 2005).
4 In SR–PCX–2005–65, the PCX also added
merger spreads to the strategy fee cap rule, but PCX
is not seeking to make that change retroactive and
so merger spreads are not a part of this filing.
VerDate jul<14>2003
20:14 Jun 13, 2005
Jkt 205001
execution with a monthly cap of
$50,000 per initiating firm.
The PCX seeks to make this fee
change retroactive because short stock
interest spreads have been executed by
customers of the PCX with the
understanding, based on conversations
with Exchange staff, that these strategies
were included in a group of strategies
that already qualified for reduced rates
and fees under the previously approved
Option Strategy Execution rate plan.
The PCX is applying to make this fee
change retroactive to January 1, 2005 so
that the Exchange may make
adjustments to the accounts of all
customers that may have executed short
interest spreads from that date forward
based on their understanding that the
fees for such transactions were capped.
The Exchange believes that by
retroactively lowering these fees, the
Exchange will not only be correcting
customers accounts for previously
executed trades but will be able to
continue to attract liquidity by
accommodating these transactions.
2. Statutory Basis
The Exchange believes that the
proposed rule change is consistent with
Section 6(b) of the Act,5 in general, and
furthers the objectives of Section 6(b)(4)
of the Act,6 in particular, in that it
provides for the equitable allocation of
dues, fees, and other charges among its
members.
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 that is not
necessary or appropriate in furtherance
of the purposes of the Act.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
Written comments on the proposed
rule change were neither solicited nor
received.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
Within 35 days of the date of
publication of this notice in the Federal
Register or within such longer period (i)
as the Commission may designate up to
90 days of such date if it finds such
longer period to be appropriate and
publishes its reasons for so finding or
(ii) as to which the Exchange consents,
the Commission will:
PO 00000
5 15
6 15
U.S.C. 78f(b).
U.S.C. 78f(b)(4).
Frm 00072
Fmt 4703
Sfmt 4703
A. By order approve such proposed
rule change, or
B. Institute proceedings to determine
whether the proposed rule change
should be disapproved.
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–PCX–2005–67 on the
subject line.
Paper Comments
• Send paper comments in triplicate
to Jonathan G. Katz, Secretary,
Securities and Exchange Commission,
Station Place, 100 F Street, NE.,
Washington, DC 20549–0609.
All submissions should refer to File
Number SR–PCX–2005–67. 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 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 inspection and copying in
the Commission’s Public Reference
Section, Securities and Exchange
Commission, Station Place, 100 F Street,
NE., Washington, DC 20549–0609.
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; 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–PCX–2005–67 and should
be submitted on or before July 5, 2005.
E:\FR\FM\14JNN1.SGM
14JNN1
Federal Register / Vol. 70, No. 113 / Tuesday, June 14, 2005 / Notices
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.7
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 05–11680 Filed 6–13–05; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–51791; File No. SR–PCX–
2005–22]
Self-Regulatory Organizations; Pacific
Exchange, Inc.; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change Relating to the Use of a
Third Party to Maintain a Member’s
Books and Records
June 6, 2005.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’) 1 and Rule 19b–4 under the
Act,2 notice is hereby given that on May
18, 2005, the Pacific Exchange, Inc.
(‘‘PCX’’ or ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) the proposed rule
change as described in Items I, II and III
below. These Items have been prepared
by the PCX. The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to amend PCX
Rule 9.17 and PCX Equities, Inc.
(‘‘PCXE’’) Rule 9.17 to include a
provision requiring OTP Holders, OTP
Firms, and ETP Holders (collectively,
‘‘Holders’’) to provide the Exchange
with a copy of the written undertaking
required to be filed with the
Commission pursuant to Rule 17a–4(i)
under the Act when a third party
maintains the Holder’s books and
records.
The text of the proposed rule change
is available on the PCX’s Internet Web
site (https://www.pacificex.com), at the
principal office of the PCX, 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
PCX included statements concerning the
purpose of and basis for the proposed
7 17
CFR 200.30–3(a)(12).
1 15 U.S.C. 78s(b)(1).
2 217 CFR 240.19b–4.
VerDate jul<14>2003
20:14 Jun 13, 2005
Jkt 205001
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 PCX 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
The purpose of this proposal is to
amend PCX Rule 9.17 and PCXE Rule
9.17 to require a Holder to provide the
PCX with a copy of the written
undertaking required to be filed with
the Commission pursuant to Rule 17a–
4(i) under the Act when an outside
service bureau maintains the Holder’s
books and records. Rules 17a–3 and
17a–4 under the Act set forth various
provisions that require members of a
national securities exchange to make,
keep current, and preserve certain books
and records. In addition, paragraph (i) of
Rule 17a–4 specifies that if such records
are prepared or maintained by an
outside service bureau, depository,
bank, or other recordkeeping service on
behalf of the member, such outside
entity must file with the Commission a
written undertaking, signed by a duly
authorized person, specifying that the
records prepared or maintained for the
member are the property of the member,
that the records are subject to
examination by the Commission or its
designee, and that copies of the records
shall be promptly furnished upon
request to the Commission or its
designee.
Currently, PCX Rule 9.17 and PCXE
Rule 9.17 provide that OTP Holders,
OTP Firms, and ETP Holders shall make
and retain all the books and records
prescribed by the bylaws and rules of
the Exchange, the rules and regulations
of the Commission, and any other rules
and regulations to which the Holder is
subject. Such books and records must be
retained for periods as prescribed and
shall be made available for inspection
by the Exchange. The Exchange
proposes to add a provision to PCX Rule
9.17 and PCXE Rule 9.17 to require that
if such books and records are prepared
or maintained by an outside service
bureau, depository, bank or other
recordkeeping service on behalf of the
Holder, the Holder must provide the
Exchange with a copy of the written
undertaking required to be filed with
the Commission pursuant to Rule 17a–
4(i) under the Act for the Exchange’s
records.
PO 00000
Frm 00073
Fmt 4703
Sfmt 4703
34513
The Exchange believes it is important
for the Exchange to receive a copy of the
written undertaking to ensure that the
Commission was properly notified that
the books and records of a member are
being maintained by a third party. In
addition, by receiving a copy of the
written undertaking, the Exchange will
have information with respect to the
Holders’ books and records that is
necessary for inspection purposes.
2. Statutory Basis
The Exchange believes that the
proposed rule change is consistent with
Section 6(b) of the Act 3 in general, and
furthers the objectives of Section 6(b)(5)
of the Act 4 in particular, in that it is
designed to promote just and equitable
principles of trade, to foster cooperation
and coordination with persons engaged
in facilitating transactions in securities,
and to remove impediments and perfect
the mechanisms of a free and open
market and to protect investors and the
public interest.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange does not believe that
the proposed rule change will impose
any inappropriate 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 were either
solicited or received.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The proposed rule change is being
designated by the Exchange as ‘‘noncontroversial’’ pursuant to Section
19(b)(3)(A) of the Act 5 and
subparagraph (f)(6) of Rule 19b–4 under
the Act 6 because the proposed rule
change: (1) Does not significantly affect
the protection of investors or the public
interest; (2) does not impose any
significant burden on competition; and
(3) does not become operative for 30
days from the date on which it was
filed, or such shorter time as the
Commission may designate if consistent
with the protection of investors and the
public interest. The PCX provided the
Commission with written notice of its
intent to file this proposed rule change,
along with a brief description and text
of the proposed rule change, at least five
3 15
U.S.C. 78f(b).
U.S.C. 78f(b)(5).
5 15 U.S.C. 78s(b)(3)(A).
6 17 CFR 240.19b–4.
4 15
E:\FR\FM\14JNN1.SGM
14JNN1
]]>Agencies
[Federal Register Volume 70, Number 113 (Tuesday, June 14, 2005)]
[Notices]
[Pages 34511-34513]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-11680]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-51795; File No. SR-PCX-2005-67]
Self-Regulatory Organizations; Pacific Exchange, Inc.; Notice of
Filing of Proposed Rule Change Relating to Exchange Fees and Charges
June 7, 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 May 6, 2005, the Pacific Exchange, Inc. (``PCX'' 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 PCX. 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.
---------------------------------------------------------------------------
[[Page 34512]]
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The PCX, through its wholly-owned subsidiary PCX Equities, Inc.
(``PCXE''), proposes to amend its Schedule of Fees and Charges in order
to modify the list of eligible strategies that apply to Option Strategy
Executions retroactive to January 1, 2005. The text of the proposed
rule change is available on the PCX's Web site (https://
www.pacificex.com), at the PCX'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 PCX included statements
concerning the purpose of and basis for the proposed rule change. The
text of these statements may be examined at the places specified in
Item IV below. The PCX 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
In a separate rule filing, SR-PCX-2005-65,\3\ the PCX proposed to
modify the list of strategies presently included in the fee that
applies to Option Strategy Executions to add two strategies: (1) short
interest spreads and (2) merger spreads. That rule filing is
prospective. The purpose of this rule filing is to make one of these
same changes retroactive to January 1, 2005.
---------------------------------------------------------------------------
\3\ See Securities Exchange Act Release No. 51787 (June 6,
2005).
---------------------------------------------------------------------------
In SR-PCX-2005-65, the PCX added to its strategy fee cap a strategy
used to capture short stock interest. The ``short stock interest
spread'' is defined as a spread that uses two deep in the money put
options followed by the exercise of the resulting long position of the
same class in order to establish a short stock interest arbitrage
position.\4\
---------------------------------------------------------------------------
\4\ In SR-PCX-2005-65, the PCX also added merger spreads to the
strategy fee cap rule, but PCX is not seeking to make that change
retroactive and so merger spreads are not a part of this filing.
---------------------------------------------------------------------------
Because the short stock interest spread transactions are generally
executed by professionals whose profit margins are generally narrow,
the Exchange proposes to cap the transaction fees associated with such
executions at $1,000 per strategy execution with a monthly cap of
$50,000 per initiating firm.
The PCX seeks to make this fee change retroactive because short
stock interest spreads have been executed by customers of the PCX with
the understanding, based on conversations with Exchange staff, that
these strategies were included in a group of strategies that already
qualified for reduced rates and fees under the previously approved
Option Strategy Execution rate plan. The PCX is applying to make this
fee change retroactive to January 1, 2005 so that the Exchange may make
adjustments to the accounts of all customers that may have executed
short interest spreads from that date forward based on their
understanding that the fees for such transactions were capped. The
Exchange believes that by retroactively lowering these fees, the
Exchange will not only be correcting customers accounts for previously
executed trades but will be able to continue to attract liquidity by
accommodating these transactions.
2. Statutory Basis
The Exchange believes that the proposed rule change is consistent
with Section 6(b) of the Act,\5\ in general, and furthers the
objectives of Section 6(b)(4) of the Act,\6\ in particular, in that it
provides for the equitable allocation of dues, fees, and other charges
among its members.
---------------------------------------------------------------------------
\5\ 15 U.S.C. 78f(b).
\6\ 15 U.S.C. 78f(b)(4).
---------------------------------------------------------------------------
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 that is not necessary or appropriate
in furtherance of the purposes of the Act.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
Written comments on the proposed rule change were neither solicited
nor received.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
Within 35 days of the date of publication of this notice in the
Federal Register or within such longer period (i) as the Commission may
designate up to 90 days of such date if it finds such longer period to
be appropriate and publishes its reasons for so finding or (ii) as to
which the Exchange consents, the Commission will:
A. By order approve such proposed rule change, or
B. Institute proceedings to determine whether the proposed rule
change should be disapproved.
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 rule-comments@sec.gov. Please include
File Number SR-PCX-2005-67 on the subject line.
Paper Comments
Send paper comments in triplicate to Jonathan G. Katz,
Secretary, Securities and Exchange Commission, Station Place, 100 F
Street, NE., Washington, DC 20549-0609.
All submissions should refer to File Number SR-PCX-2005-67. 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 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 inspection
and copying in the Commission's Public Reference Section, Securities
and Exchange Commission, Station Place, 100 F Street, NE., Washington,
DC 20549-0609. 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; 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-PCX-2005-67 and should be
submitted on or before July 5, 2005.
[[Page 34513]]
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\7\
---------------------------------------------------------------------------
\7\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 05-11680 Filed 6-13-05; 8:45 am]
BILLING CODE 8010-01-P
