Self-Regulatory Organizations; Municipal Securities Rulemaking Board; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Regarding Technical Amendment to Rule G-37, on Political Contributions and Prohibitions on Municipal Securities Business, 39836-39838 [E5-3616]
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39836
Federal Register / Vol. 70, No. 131 / Monday, July 11, 2005 / Notices
become applicable to mutual fund
advertisements. The MSRB is taking this
suggestion under advisement pending
final action by the SEC on the NASD
rulemaking proposal.
Effective Date
Comments Received. CSF requests
that the draft amendments have an
effective date of 180 days after SEC
approval. CSPN also requests a delayed
effectiveness of 180 days if the MSRB
maintains specific deadlines for making
month-end information available. The
ICI recommends coordination of the
effective date for the draft amendments
with the recent amendments, which
were then pending with a proposed
effective date of three months after
approval. However, in a separate
comment letter to the SEC on the recent
amendments, the ICI requested that
such amendments become effective 210
days after approval. The ICI noted that
the SEC had provided a 210-day
transition period when it had adopted
extensive changes to its mutual fund
advertising rule in 1988.
MSRB Response. The MSRB agrees
that the proposed rule change should
have the same effective date as the
performance data provisions of the
recent amendments since the proposed
rule change also relates to performance
data and therefore is best implemented
in tandem with the related provisions of
the recent amendments. The MSRB
observes that, under the recent
amendments, the SEC provided that all
advertisements for municipal fund
securities submitted or caused to be
submitted for publication on or after
December 1, 2005 must come into
compliance with Rule G–21(e)(ii) and
certain other provisions relating to
performance data.11 As a result, dealers
also would be required to comply with
the amendments to Rule G–21(e)(ii)
effected by the proposed rule change for
advertisements of municipal fund
securities submitted or caused to be
submitted for publication on or after
December 1, 2005.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The MSRB proposes that dealers be
required to comply with the proposed
rule change for advertisements of
municipal fund securities submitted or
caused to be submitted for publication
on or after December 1, 2005. Within 35
days of the date of publication of this
notice in the Federal Register or within
such longer period (i) as the
11 See Exchange Act Release No. 51736 (May 24,
2005), 70 FR 31551 (June 1, 2005).
VerDate jul<14>2003
16:03 Jul 08, 2005
Jkt 205001
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 self-regulatory organization
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.
2005–09 and should be submitted on or
before August 1, 2005.
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:
SECURITIES AND EXCHANGE
COMMISSION
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–MSRB–2005–09 on the
subject line.
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.12
Jill M. Peterson,
Assistant Secretary.
[FR Doc. E5–3615 Filed 7–8–05; 8:45 am]
BILLING CODE 8010–01–P
[Release No. 34–51952; File No. SR–MSRB–
2005–10]
Self-Regulatory Organizations;
Municipal Securities Rulemaking
Board; Notice of Filing and Immediate
Effectiveness of Proposed Rule
Change Regarding Technical
Amendment to Rule G–37, on Political
Contributions and Prohibitions on
Municipal Securities Business
June 30, 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 June 2,
• Send paper comments in triplicate
2005, the Municipal Securities
to Jonathan G. Katz, Secretary,
Rulemaking Board (‘‘MSRB’’ or
Securities and Exchange Commission,
‘‘Board’’), filed with the Securities and
Station Place, 100 F Street, NE.,
Exchange Commission (‘‘Commission’’
Washington, DC 20549–9303.
or ‘‘SEC’’) the proposed rule change as
All submissions should refer to File
described in Items I, II and III below,
Number SR–MSRB–2005–09. This file
which Items have been prepared by the
number should be included on the
MSRB. The MSRB has filed the proposal
subject line if e-mail is used. To help the as a ‘‘non-controversial’’ rule change
Commission process and review your
pursuant to Section 19(b)(3)(A)(iii) of
comments more efficiently, please use
the Act,3 and Rule 19b–4(f)(6)
only one method. The Commission will thereunder,4 which renders the proposal
post all comments on the Commission’s effective upon filing with the
Internet Web site (https://www.sec.gov/
Commission. The Commission is
rules/sro.shtml). Copies of the
publishing this notice to solicit
submission, all subsequent
comments on the proposed rule change
amendments, all written statements
from interested persons.
with respect to the proposed rule
I. Self-Regulatory Organization’s
change that are filed with the
Statement of the Terms of Substance of
Commission, and all written
the Proposed Rule Change
communications relating to the
proposed rule change between the
The MSRB is filing with the
Commission and any person, other than Commission a proposed rule change
those that may be withheld from the
consisting of a technical amendment to
public in accordance with the
Rule G–37, on political contributions
provisions of 5 U.S.C. 552, will be
and prohibitions on municipal
available for inspection and copying in
securities business. The MSRB has set
the Commission’s Public Reference
an effective date for the proposed rule
Room. Copies of such filing also will be change of July 5, 2005. The text of the
available for inspection and copying at
proposed rule change is available on the
the MSRB’s offices. All comments
MSRB’s Web site (https://www.msrb.org),
received will be posted without change; at the MSRB’s principal office, and at
the Commission does not edit personal
identifying information from
12 17 CFR 200.30–3(a)(12).
submissions. You should submit only
1 15 U.S.C. 78s(b)(1).
information that you wish to make
2 17 CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A)(iii).
available publicly. All submissions
4 17 CFR 240.19b-4(f)(6).
should refer to File Number SR–MSRB–
PO 00000
Frm 00122
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Federal Register / Vol. 70, No. 131 / Monday, July 11, 2005 / Notices
2. Statutory Basis
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
MSRB 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 MSRB 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
Rule G–37, on political contributions
and prohibitions on municipal
securities business, provides that
contributions to officials of an issuer by
a municipal finance professional
(‘‘MFP’’) of a dealer can result in the
dealer being banned from municipal
securities business with such issuer for
a period of two years. When a person
first becomes an MFP, the rule imposes
a ‘‘look back’’ in which certain
contributions made by such person
prior to becoming an MFP (in addition
to contributions made after becoming an
MFP) can result in the imposition of the
ban. The nature of such look back varies
depending on the type of MFP. In the
case of persons who become MFPs
solely as a result of their supervisory
activities or firm leadership positions
within the meaning of clause (C), (D) or
(E) of Rule G–37(g)(iv) (‘‘supervisor
MFPs’’), the look back period
established in Rule G–37(b)(iii) is
limited to the six month period prior to
becoming an MFP.
The MSRB has learned that some
people may read the language in Rule
G–37(b)(iii) literally to provide that the
only contributions of supervisor MFPs
that can result in a ban on business are
those made during the six month look
back period, and that contributions
made after becoming such an MFP are
excluded. This interpretation clearly
was not the intent of this provision. The
proposed rule change would clarify this
language to ensure that those
contributions made after becoming an
MFP are also subject to the potential
ban.
VerDate jul<14>2003
16:03 Jul 08, 2005
Jkt 205001
The MSRB believes that the proposed
rule change is consistent with Section
15B(b)(2)(C) of the Act,5 which provides
that MSRB rules shall:
Be designed to prevent fraudulent and
manipulative acts and practices, to promote
just and equitable principles of trade, to
foster cooperation and coordination with
persons engaged in regulating, clearing,
settling, processing information with respect
to, and facilitating transactions in municipal
securities, to remove impediments to and
perfect the mechanism of a free and open
market in municipal securities, and, in
general, to protect investors and the public
interest * * *
The MSRB believes that the proposed
rule change clarifies the rule’s intent of
ensuring that the high standards and
integrity of the municipal securities
industry are maintained.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The MSRB does not believe that the
proposed rule change will result in any
burden on competition 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 were neither
solicited nor received on the proposed
rule change.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
Because the proposed rule change:
(i) Does not significantly affect the
protection of investors or the public
interest; (ii) does not impose any
significant burden on competition; and
(iii) does not become operative for 30
days from June 2, 2005, the date on
which it was filed, and the MSRB
provided the Commission with written
notice of its intent to file the proposed
rule change at least five business days
prior to the filing date, the proposed
rule change has become effective
pursuant to Section 19(b)(3)(A) of the
Act 6 and Rule 19b–4(f)(6) thereunder.7
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,
PO 00000
U.S.C. 78o–4(b)(2)(C).
U.S.C. 78s(b)(3)(A).
7 17 CFR 240.19b–4(f)(6).
39837
or otherwise in furtherance of the
purposes of the Act.8
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–MSRB–2005–10 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 20549–9303.
All submissions should refer to File
Number SR–MSRB–2005–10. 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
Room. Copies of such filing also will be
available for inspection and copying at
the principal office of the MSRB. 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–MSRB–2005–10 and should
be submitted on or before August 1,
2005.
5 15
6 15
Frm 00123
Fmt 4703
Sfmt 4703
8 See Section 19(b)(3)(C) of the Act, 15 U.S.C.
78s(b)(3)(C).
E:\FR\FM\11JYN1.SGM
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39838
Federal Register / Vol. 70, No. 131 / Monday, July 11, 2005 / Notices
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.9
Jill M. Peterson,
Assistant Secretary.
[FR Doc. E5–3616 Filed 7–8–05; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–51956; File No. SR–NASD–
2005–081]
Self-Regulatory Organizations;
National Association of Securities
Dealers, Inc.; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Expand Maximum
Single Order Share Size Limits in
Nasdaq’s Brut Facility
June 30, 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 June 22,
2005, the National Association of
Securities Dealers, Inc. (‘‘NASD’’),
through its subsidiary, The Nasdaq
Stock Market, Inc. (‘‘Nasdaq’’),
submitted to the Securities and
Exchange Commission (‘‘Commission’’)
the proposed rule change as described
in Items I and II below, which Items
have been prepared by the NASD.
NASD filed the proposed rule change
pursuant to Section 19(b)(3)(A) of the
Act 3 which renders it effective upon
filing with the Commission. 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
Nasdaq proposes to expand the single
order total dollar price limit in Nasdaq’s
Brut Facility. The text of the proposed
rule change is below. Proposed new
language is in italics; proposed
deletions are in brackets.
*
*
*
*
*
4903. Order Entry Parameters
(a)–(e) No Change.
(f) Order Size—Any order in whole
shares up to 1,000,099 shares may be
entered into the System, subject to a
dollar volume limitation of
$[2]75,000,000.
*
*
*
*
*
9 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A).
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
NASD 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 NASD 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 proposes to expand the
maximum single-order total dollar value
parameter in Nasdaq’s Brut Facility.
Currently, the dollar value of a single
order entered into the Brut system may
not exceed $25,000,000. Nasdaq
proposes to expand that amount to
$75,000,000.
Nasdaq believes that expansion of the
single-order total dollar value amount
will provide additional flexibility for
Brut system users trading more liquid,
higher-priced securities, as well as
facilitating trading in larger dollar
amounts on days of increased market
activity, such as index rebalance and
options expiration days.
2. Statutory Basis
NASD believes that the proposed rule
change is consistent with Section 15A of
the Act,4 in general, and with Section
15A(b)(6) of the Act,5 in particular, in
that it is designed to prevent fraudulent
and manipulative acts and practices, to
promote just and equitable principles of
trade, to remove impediments to a free
and open market and a national market
system, and, in general, to protect
investors and the public interest.
B.Self-Regulatory Organization’s
Statement on Burden on Competition
NASD does not believe that the
proposed rule change will result in 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 were neither
solicited nor received.
1 15
VerDate jul<14>2003
16:03 Jul 08, 2005
4 15
5 15
Jkt 205001
PO 00000
U.S.C. 78o–3.
U.S.C. 78o–3(b)(6).
Frm 00124
Fmt 4703
Sfmt 4703
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The proposed rule change has been
filed by NASD as a ‘‘non-controversial’’
rule change pursuant to Section
19(b)(3)(A) of the Act 6 and
subparagraph (f)(6) of Rule 19b–4
thereunder.7 Consequently, because the
foregoing 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 of filing, or such shorter
time as the Commission may designate
if consistent with the protection of
investors and the public interest, it has
become effective pursuant to Section
19(b)(3)(A) of the Act and Rule 19b–
4(f)(6) thereunder.8
A proposed rule change filed under
Rule 19b–4(f)(6) normally does not
become operative prior to 30 days after
the date of filing. However, Rule 19b–
4(f)(6)(iii) permits the Commission to
designate a shorter time if such action
is consistent with the protection of
investors and the public interest. NASD
has requested that the Commission
waive the 30-day pre-operative period,
which would make the proposed rule
operative immediately.
The Commission believes that it is
consistent with the protection of
investors and the public interest to
waive the 30-day pre-operative period
in this case.9 Allowing the rule change
to become operative immediately
should allow Brut system users to take
advantage of additional trading
flexibility without delay. Consequently,
the proposed rule change has become
effective pursuant to Section 19(b)(3)(A)
of the Act 10 and Rule 19b–4(f)(6)
thereunder.11
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
6 15
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(6).
8 Rule 19b–4(f)(6) under the Act also 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 NASD complied with this
requirement.
9 For purposes only of waiving the operative
delay for this proposal, the Commission has
considered the proposed rule’s impact on
efficiency, competition, and capital formation. 15
U.S.C. 78c(f).
10 15 U.S.C. 78s(b)(3)(A).
11 17 CFR 240.19b–4(f)(6).
7 17
E:\FR\FM\11JYN1.SGM
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]]>Agencies
[Federal Register Volume 70, Number 131 (Monday, July 11, 2005)]
[Notices]
[Pages 39836-39838]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-3616]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-51952; File No. SR-MSRB-2005-10]
Self-Regulatory Organizations; Municipal Securities Rulemaking
Board; Notice of Filing and Immediate Effectiveness of Proposed Rule
Change Regarding Technical Amendment to Rule G-37, on Political
Contributions and Prohibitions on Municipal Securities Business
June 30, 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 June 2, 2005, the Municipal Securities Rulemaking Board (``MSRB'' or
``Board''), filed with the Securities and Exchange Commission
(``Commission'' or ``SEC'') the proposed rule change as described in
Items I, II and III below, which Items have been prepared by the MSRB.
The MSRB has filed the proposal as a ``non-controversial'' rule change
pursuant to Section 19(b)(3)(A)(iii) of the Act,\3\ and Rule 19b-
4(f)(6) thereunder,\4\ which renders the proposal effective upon filing
with the Commission. 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.
\3\ 15 U.S.C. 78s(b)(3)(A)(iii).
\4\ 17 CFR 240.19b-4(f)(6).
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The MSRB is filing with the Commission a proposed rule change
consisting of a technical amendment to Rule G-37, on political
contributions and prohibitions on municipal securities business. The
MSRB has set an effective date for the proposed rule change of July 5,
2005. The text of the proposed rule change is available on the MSRB's
Web site (https://www.msrb.org), at the MSRB's principal office, and at
[[Page 39837]]
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 MSRB 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 MSRB 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
Rule G-37, on political contributions and prohibitions on municipal
securities business, provides that contributions to officials of an
issuer by a municipal finance professional (``MFP'') of a dealer can
result in the dealer being banned from municipal securities business
with such issuer for a period of two years. When a person first becomes
an MFP, the rule imposes a ``look back'' in which certain contributions
made by such person prior to becoming an MFP (in addition to
contributions made after becoming an MFP) can result in the imposition
of the ban. The nature of such look back varies depending on the type
of MFP. In the case of persons who become MFPs solely as a result of
their supervisory activities or firm leadership positions within the
meaning of clause (C), (D) or (E) of Rule G-37(g)(iv) (``supervisor
MFPs''), the look back period established in Rule G-37(b)(iii) is
limited to the six month period prior to becoming an MFP.
The MSRB has learned that some people may read the language in Rule
G-37(b)(iii) literally to provide that the only contributions of
supervisor MFPs that can result in a ban on business are those made
during the six month look back period, and that contributions made
after becoming such an MFP are excluded. This interpretation clearly
was not the intent of this provision. The proposed rule change would
clarify this language to ensure that those contributions made after
becoming an MFP are also subject to the potential ban.
2. Statutory Basis
The MSRB believes that the proposed rule change is consistent with
Section 15B(b)(2)(C) of the Act,\5\ which provides that MSRB rules
shall:
\5\ 15 U.S.C. 78o-4(b)(2)(C).
---------------------------------------------------------------------------
Be designed to prevent fraudulent and manipulative acts and
practices, to promote just and equitable principles of trade, to
foster cooperation and coordination with persons engaged in
regulating, clearing, settling, processing information with respect
to, and facilitating transactions in municipal securities, to remove
impediments to and perfect the mechanism of a free and open market
in municipal securities, and, in general, to protect investors and
the public interest * * *
The MSRB believes that the proposed rule change clarifies the rule's
intent of ensuring that the high standards and integrity of the
municipal securities industry are maintained.
B. Self-Regulatory Organization's Statement on Burden on Competition
The MSRB does not believe that the proposed rule change will result
in any burden on competition 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 were neither solicited nor received on the
proposed rule change.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
Because the proposed rule change: (i) Does not significantly affect
the protection of investors or the public interest; (ii) does not
impose any significant burden on competition; and (iii) does not become
operative for 30 days from June 2, 2005, the date on which it was
filed, and the MSRB provided the Commission with written notice of its
intent to file the proposed rule change at least five business days
prior to the filing date, the proposed rule change has become effective
pursuant to Section 19(b)(3)(A) of the Act \6\ and Rule 19b-4(f)(6)
thereunder.\7\
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78s(b)(3)(A).
\7\ 17 CFR 240.19b-4(f)(6).
---------------------------------------------------------------------------
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.\8\
---------------------------------------------------------------------------
\8\ See Section 19(b)(3)(C) of the Act, 15 U.S.C. 78s(b)(3)(C).
---------------------------------------------------------------------------
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-MSRB-2005-10 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 20549-9303.
All submissions should refer to File Number SR-MSRB-2005-10. 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 Room. Copies of such
filing also will be available for inspection and copying at the
principal office of the MSRB. 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-MSRB-2005-10 and should be submitted on or before August
1, 2005.
[[Page 39838]]
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\9\
Jill M. Peterson,
Assistant Secretary.
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\9\ 17 CFR 200.30-3(a)(12).
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[FR Doc. E5-3616 Filed 7-8-05; 8:45 am]
BILLING CODE 8010-01-P
