Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to Reducing Clearing Fees for Securities Option Contracts, 42134-42135 [E5-3901]
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42134
Federal Register / Vol. 70, No. 139 / Thursday, July 21, 2005 / Notices
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.42
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. 05–14316 Filed 7–20–05; 8:45 am]
BILLING CODE 8010–01–M
SECURITIES AND EXCHANGE
COMMISSION
(A) Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
The primary purpose of this rule
change is to further reduce OCC’s
currently discounted clearing fees for
securities option contracts until the
Board of Directors determines
otherwise.3 Effective July 1, 2005, OCC’s
clearing fees for securities options will
be:
[Release No. 34–52034; File No. SR–OCC–
2005–08]
Self-Regulatory Organizations; The
Options Clearing Corporation; Notice
of Filing and Immediate Effectiveness
of a Proposed Rule Change Relating to
Reducing Clearing Fees for Securities
Option Contracts
July 14, 2005.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’), 1 notice is hereby given that on
June 14, 2005, The Options Clearing
Corporation (‘‘OCC’’) 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 primarily by OCC. 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
Effective July 1, 2005, OCC will
further reduce its discounted fee
schedule for securities option contracts
until further action by the Board of
Directors.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission,
OCC 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. OCC has prepared
summaries, set forth in sections (A), (B),
and (C) below, of the most significant
aspects of such statements.2
42 17
CFR 200.30–3(a)(12).
1 15 U.S.C. 78s(b)(1).
2 The Commission has modified parts of these
statements.
VerDate jul<14>2003
19:42 Jul 20, 2005
Jkt 205001
Discounted fee effective July 1, 2005
Contracts/trade
1–500 ............................
501–1,000 .....................
1,001–2,000 ..................
>2,000 ...........................
$0.05/contract.
$0.04/contract.
$0.03/contract.
$55.00 (capped).
The additional fee reduction
recognizes the continued strong volume
in securities options in 2005. OCC
believes that this fee reduction will
financially benefit clearing members
and other market participants without
adversely affecting OCC’s ability to meet
its expenses and maintain an acceptable
level of retained earnings.
The discounted fees for new securities
option products will be:
Month
1 ............
2 ............
3 ............
4 ............
Contracts/
trade
N/A
1–4,400
>4,400
1–2,200
>2,200
N/A
Discounted fee effective July 1, 2005
No Fee.
$0.01
$40.00
$0.02
$40.00
Regular Schedule.
OCC believes that the proposed rule
change is consistent with Section 17A of
the Act because it benefits clearing
members by reducing clearing fees and
allocates such fees among clearing
members in a fair and equitable manner.
The proposed rule change is not
inconsistent with the existing rules of
OCC, including any other rules
proposed to be amended.
(B) Self-Regulatory Organization’s
Statement on Burden on Competition
OCC does not believe that the
proposed rule change would impose any
burden on competition.
(C) Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
Written comments were not and are
not intended to be solicited with respect
3 In addition, OCC is deleting charges for 56.0kb
lines as they are no longer a supported
communications protocol. Other changes made to
the Schedule of Fees are of a technical or
conforming nature.
PO 00000
Frm 00111
Fmt 4703
Sfmt 4703
to the proposed rule change, and none
have been received.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The foregoing proposed rule change
has become effective pursuant to
Section 19(b)(3)(A)(ii) of the Act 4 and
Rule 19b–4(f)(2) 5 thereunder because it
establishes or changes a due, fee, or
other charge. At any time within 60
days of the filing of the proposed rule
change, the Commission may summarily
abrogate such rule change if it appears
to the Commission that such action is
necessary or appropriate in the public
interest, for the protection of investors,
or otherwise in furtherance of the
purposes of the Act.
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views, and
arguments concerning the foregoing,
including whether the proposed rule
change is consistent with the Act.
Comments may be submitted by any of
the following methods:
Electronic Comments
• Use the Commission’s Internet
comment form (https://www.sec.gov/
rules/sro.shtml) or
• Send an e-mail to rulecomments@sec.gov. Please include File
Number SR–OCC–2005–08 on the
subject line.
Paper Comments
• Send paper comments in triplicate
to Jonathan G. Katz, Secretary,
Securities and Exchange Commission,
100 F Street, NE., Washington, DC
20549–0609.
All submissions should refer to File
Number SR–OCC–2005–08. 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
4 15
5 17
E:\FR\FM\21JYN1.SGM
U.S.C. 78(s)(b)(3)(A)(ii).
CFR 240.19b–4(f)(2).
21JYN1
Federal Register / Vol. 70, No. 139 / Thursday, July 21, 2005 / Notices
available for inspection and copying in
the Commission’s Public Reference
Section, 100 F Street, NE., Washington,
DC 20549. Copies of such filing also will
be available for inspection and copying
at the principal office of OCC and on
OCC’s Web site at https://
www.optionsclearing.com.
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–OCC–2005–08 and should
be submitted on or before August 11,
2005.
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.6
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. E5–3901 Filed 7–20–05; 8:45 am]
BILLING CODE 8010–01–P
Notice is hereby given that any
interested person may submit written
comments on the transaction to the
Associate Administrator for Investment,
U.S. Small Business Administration,
409 Third Street, SW., Washington, DC
20416.
Dated: June 28, 2005.
Jaime Guzman-Fournier,
Associate Administrator for Investment.
[FR Doc. 05–14339 Filed 7–20–05; 8:45 am]
BILLING CODE 8025–01–P
DEPARTMENT OF TRANSPORTATION
Office of the Secretary
[Notice of Order to Show Cause (Order
2005–7–14); Docket OST–2004–19877]
Application of GoJet Airlines, LLC for
Certificate Authority
AGENCY:
SMALL BUSINESS ADMINISTRATION
[License No. 09/79–0456]
HorizonVentures Fund II, L.P.; Notice
Seeking Exemption Under Section 312
of the Small Business Investment Act,
Conflicts of Interest
Notice is hereby given that Horizon
Ventures Fund II, L.P., 4 Main Street,
Suite 50, Los Altos, CA 94022, a Federal
Licensee under the Small Business
Investment Act of 1958, as amended
(‘‘the Act’’), in connection with the
financing of a small concern, has sought
an exemption under Section 312 of the
Act and Section 107.730, Financings
which Constitute Conflicts of Interest of
the Small Business Administration
(‘‘SBA’’) Rules and Regulations (13 CFR
107.730). Horizon Ventures Fund II, L.P.
proposes to provide equity/debt security
financing to Invivodata, Inc., 5615
Scott’s Valley Drive, Suite #150, Scotts
Valley, CA 95056. The financing is
contemplated for operating expenses
and for general corporate purposes.
The financing is brought within the
purview of § 107.730(a)(1) of the
Regulations because Horizon Ventures
Fund I, L.P. and Horizon Ventures
Advisors Fund I, L.P., both Associates of
Horizon Ventures Fund II, L.P., own
more than ten percent of Invivodata,
Inc. Therefore, Invivodata, Inc., is
considered an Associate of Horizon
Ventures Fund II, L.P., as defined at 13
CFR 107.50 of the SBIC Regulations.
6 17
Department of Transportation.
SUMMARY: The Department of
Transportation is directing all interested
persons to show cause why it should
not issue an order finding that GoJet
Airlines, LLC is fit, willing, and able,
and awarding it a certificate of public
convenience and necessity to engage in
interstate scheduled air transportation
of persons, property and mail.
Persons wishing to file
objections should do so no later than
August 29, 2005.
DATES:
Objections and answers to
objections should be filed in Docket
OST–2004–19877 and addressed to
Department of Transportation Dockets,
(M–30, Room PL–401), U.S. Department
of Transportation, 400 Seventh Street,
SW., Washington, DC 20590, and should
be served upon the parties listed in
Attachment A to the order.
ADDRESSES:
FOR FURTHER INFORMATION CONTACT:
19:42 Jul 20, 2005
Jkt 205001
DEPARTMENT OF TRANSPORTATION
Office of the Secretary
[Notice of Order to Show Cause (Order
2005–7–15); Docket OST–05–20492]
Application of Executive Jet
Management, Inc. for Commuter
Authority
AGENCY:
Department of Transportation.
SUMMARY: The Department of
Transportation is directing all interested
persons to show cause why it should
not issue an order finding that Executive
Jet Management, Inc. is fit, willing, and
able under 49 U.S.C. 41738 to provide
scheduled passenger service as a
commuter air carrier and issue to it a
Commuter Air Carrier Authorization
DATES: Persons wishing to file
objections should do so no later than
August 29, 2005.
ADDRESSES: Objections and answers to
objections should be filed in Docket
OST–05–20492 and addressed to the
Department of Transportation Dockets
(M–30, Room PL–401), U.S. Department
of Transportation, 400 Seventh Street,
SW., Washington, DC 20590, and should
be served upon the parties listed in
Attachment A to the order.
FOR FURTHER INFORMATION CONTACT: Mr.
Trace Atkinson, Air Carrier Fitness
Division (X–56, Room 6401), U.S.
Department of Transportation, 400
Seventh Street, SW., Washington, DC
20590, (202) 366–3176.
Dated: July 15, 2005.
Karan K. Bhatia,
Assistant Secretary for Aviation and
International Affairs.
[FR Doc. 05–14379 Filed 7–20–05; 8:45 am]
BILLING CODE 4910–62–P
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
[Docket No. FAA–2004–16944]
Ms.
Lauralyn Remo, Air Carrier Fitness
Division (X–56, Room 6401), U.S.
Department of Transportation, 400
Seventh Street, SW., Washington, DC
20590, (202) 366–9721.
Operating Limitations at Chicago
O’Hare International Airport
Dated: July 15, 2005.
Karan K. Bhatia,
Assistant Secretary for Aviation and
International Affairs.
[FR Doc. 05–14378 Filed 7–20–05; 8:45 am]
SUMMARY: The FAA has issued an order
to show cause, which solicits the views
of interested persons on the FAA’s
tentative determination to extend
through April 1, 2006, an August 18,
2004, order limiting the number of
scheduled aircraft arrivals at O’Hare
International Airport during peak
operating hours. The text of the order to
show cause is set forth in this notice.
BILLING CODE 4910–62–P
CFR 200.30–3(a)(12).
VerDate jul<14>2003
42135
PO 00000
Frm 00112
Fmt 4703
Sfmt 4703
Notice of order to show cause
and request for information.
ACTION:
E:\FR\FM\21JYN1.SGM
21JYN1
]]>Agencies
[Federal Register Volume 70, Number 139 (Thursday, July 21, 2005)]
[Notices]
[Pages 42134-42135]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-3901]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-52034; File No. SR-OCC-2005-08]
Self-Regulatory Organizations; The Options Clearing Corporation;
Notice of Filing and Immediate Effectiveness of a Proposed Rule Change
Relating to Reducing Clearing Fees for Securities Option Contracts
July 14, 2005.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act''), \1\ notice is hereby given that on June 14, 2005, The
Options Clearing Corporation (``OCC'') 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
primarily by OCC. 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).
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
Effective July 1, 2005, OCC will further reduce its discounted fee
schedule for securities option contracts until further action by the
Board of Directors.
II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
In its filing with the Commission, OCC 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. OCC has prepared summaries, set forth in sections (A),
(B), and (C) below, of the most significant aspects of such
statements.\2\
---------------------------------------------------------------------------
\2\ The Commission has modified parts of these statements.
---------------------------------------------------------------------------
(A) Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
The primary purpose of this rule change is to further reduce OCC's
currently discounted clearing fees for securities option contracts
until the Board of Directors determines otherwise.\3\ Effective July 1,
2005, OCC's clearing fees for securities options will be:
---------------------------------------------------------------------------
\3\ In addition, OCC is deleting charges for 56.0kb lines as
they are no longer a supported communications protocol. Other
changes made to the Schedule of Fees are of a technical or
conforming nature.
------------------------------------------------------------------------
Discounted fee effective July 1,
Contracts/trade 2005
------------------------------------------------------------------------
1-500................................. $0.05/contract.
501-1,000............................. $0.04/contract.
1,001-2,000........................... $0.03/contract.
>2,000................................ $55.00 (capped).
------------------------------------------------------------------------
The additional fee reduction recognizes the continued strong volume
in securities options in 2005. OCC believes that this fee reduction
will financially benefit clearing members and other market participants
without adversely affecting OCC's ability to meet its expenses and
maintain an acceptable level of retained earnings.
The discounted fees for new securities option products will be:
------------------------------------------------------------------------
Contracts/ Discounted fee effective
Month trade July 1, 2005
------------------------------------------------------------------------
1.............................. N/A No Fee.
2.............................. 1-4,400 $0.01
>4,400 $40.00
3.............................. 1-2,200 $0.02
>2,200 $40.00
4.............................. N/A Regular Schedule.
------------------------------------------------------------------------
OCC believes that the proposed rule change is consistent with
Section 17A of the Act because it benefits clearing members by reducing
clearing fees and allocates such fees among clearing members in a fair
and equitable manner. The proposed rule change is not inconsistent with
the existing rules of OCC, including any other rules proposed to be
amended.
(B) Self-Regulatory Organization's Statement on Burden on Competition
OCC does not believe that the proposed rule change would impose any
burden on competition.
(C) Self-Regulatory Organization's Statement on Comments on the
Proposed Rule Change Received From Members, Participants, or Others
Written comments were not and are not intended to be solicited with
respect to the proposed rule change, and none have been received.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
The foregoing proposed rule change has become effective pursuant to
Section 19(b)(3)(A)(ii) of the Act \4\ and Rule 19b-4(f)(2) \5\
thereunder because it establishes or changes a due, fee, or other
charge. 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.
---------------------------------------------------------------------------
\4\ 15 U.S.C. 78(s)(b)(3)(A)(ii).
\5\ 17 CFR 240.19b-4(f)(2).
---------------------------------------------------------------------------
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-OCC-2005-08 on the subject line.
Paper Comments
Send paper comments in triplicate to Jonathan G. Katz,
Secretary, Securities and Exchange Commission, 100 F Street, NE.,
Washington, DC 20549-0609.
All submissions should refer to File Number SR-OCC-2005-08. 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
[[Page 42135]]
available for inspection and copying in the Commission's Public
Reference Section, 100 F Street, NE., Washington, DC 20549. Copies of
such filing also will be available for inspection and copying at the
principal office of OCC and on OCC's Web site at https://
www.optionsclearing.com.
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-OCC-2005-08
and should be submitted on or before August 11, 2005.
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\6\
---------------------------------------------------------------------------
\6\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. E5-3901 Filed 7-20-05; 8:45 am]
BILLING CODE 8010-01-P
