Self-Regulatory Organizations; Pacific Exchange, Inc.; Order Approving Proposed Rule Change Relating to Exchange Fees and Charges, 43733 [E5-4014]

Download as PDF Federal Register / Vol. 70, No. 144 / Thursday, July 28, 2005 / Notices safeguarding of securities or funds in the custody or control of OCC or for which it is responsible and does not significantly affect the respective rights or obligations of the clearing agency or persons using the service. At any time within sixty 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 (http://www.sec.gov/ rules/sro.shtml) or • Send an e-mail to rulecomments@sec.gov. Please include File Number SR–OCC–2005–11 on the subject line. 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–2005–11 and should be submitted on or before August 18, 2005. For the Commission by the Division of Market Regulation, pursuant to delegated authority.7 Margaret H. McFarland, Deputy Secretary. [FR Doc. E5–4017 Filed 7–27–05; 8:45 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–52083; File No. SR–PCX– 2005–67] Self-Regulatory Organizations; Pacific Exchange, Inc.; Order Approving Proposed Rule Change Relating to Exchange Fees and Charges July 20, 2005. On May 6, 2005, the Pacific Exchange, Inc. (‘‘PCX’’ or ‘‘Exchange’’), through its wholly-owned subsidiary PCX Equities, Inc. (‘‘PCXE’’), filed with the Securities Paper Comments and Exchange Commission • Send paper comments in triplicate (‘‘Commission’’) a proposed rule change to Jonathan G. Katz, Secretary, pursuant to section 19(b)(1) of the Securities and Exchange Commission, Securities Exchange Act of 1934 100 F Street, NE., Washington, DC (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 to 20549–9303. modify the list of eligible strategies that All submissions should refer to File apply to Option Strategy Executions Number SR–OCC–2005–11. This file retroactive to January 1, 2005. The number should be included on the proposed rule change was published for subject line if e-mail is used. To help the comment in the Federal Register on Commission process and review your June 14, 2005.3 The Commission comments more efficiently, please use received no comments on the proposal. only one method. The Commission will This order approves the proposed rule post all comments on the Commission’s change. Internet Web site (http://www.sec.gov/ After careful review, the Commission rules/sro.shtml). Copies of the finds that the proposal is consistent submission, all subsequent with the requirements of the Act and the amendments, all written statements rules and regulations thereunder with respect to the proposed rule applicable to a national securities change that are filed with the exchange.4 In particular, the Commission, and all written Commission finds that the proposed communications relating to the rule change is consistent with the proposed rule change between the requirements of section 6(b)(5) of the Commission and any person, other than Act 5 and the rules and regulations those that may be withheld from the thereunder because it is designed to public in accordance with the provisions of 5 U.S.C. 552, will be 7 17 CFR 200.30–3(a)(12). available for inspection and copying in 1 15 U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. the Commission’s Public Reference 3 See Securities Exchange Act Release No. 51795 Section, 100 F Street, NE., Washington, (June 7, 2005), 70 FR 34511. DC 20549. Copies of such filings also 4 In approving this proposed rule change, the will be available for inspection and Commission notes that it has considered the copying at the principal office of OCC proposed rule’s impact on efficiency, competition and on OCC’s Web site at http:// and capital formation. See 15 U.S.C. 78c(f). 5 15 U.S.C. 78f(b)(5). www.optionsclearing.com. All VerDate jul<14>2003 13:40 Jul 27, 2005 Jkt 205001 PO 00000 Frm 00055 Fmt 4703 Sfmt 4703 43733 foster cooperation and coordination with persons engaged in facilitating transactions in securities, to promote just and equitable principles of trade and to remove impediments to and perfect the mechanism of a free and open market and a national market system, and, in general, to protect investors and the public interest. Specifically, the Commission believes that the Exchange’s proposal to retroactively modify certain transaction fees associated with its short-term interest spread transactions should allow the PCX to continue to attract liquidity and conform the Exchange’s fees and rates to those previously approved under the Option Strategy Execution rate plan. It is therefore ordered, pursuant to section 19(b)(2) of the Act,6 that the proposed rule change, (SR–PCX–2005– 67) be, and hereby is, approved. For the Commission, by the Division of Market Regulation, pursuant to delegated authority.7 Margaret H. McFarland, Deputy Secretary. [FR Doc. E5–4014 Filed 7–27–05; 8:45 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–52095; File No. SR–Phlx– 2005–46] Self-Regulatory Organizations; Philadelphia Stock Exchange, Inc.; Notice of Filing and Order Granting Accelerated Approval to Proposed Rule Change Relating to the Extension of a Pilot Program Relating to Transaction Charges Applicable to Linkage ‘‘P’’ and ‘‘P/A’’ Orders July 21, 2005. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’),1 and Rule 19b–4 2 thereunder, notice is hereby given that on July 15, 2005, the Philadelphia Stock Exchange, Inc. (‘‘Phlx’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘SEC’’ or ‘‘Commission’’) the proposed rule change as described in Items I and II, below, which Items have been prepared by the Phlx. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. 6 15 U.S.C. 78s(b)(2). CFR 200.30–3(a)(12). 1 15 U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 7 17 E:\FR\FM\28JYN1.SGM 28JYN1

Agencies

[Federal Register Volume 70, Number 144 (Thursday, July 28, 2005)]
[Notices]
[Page 43733]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-4014]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-52083; File No. SR-PCX-2005-67]


Self-Regulatory Organizations; Pacific Exchange, Inc.; Order 
Approving Proposed Rule Change Relating to Exchange Fees and Charges

July 20, 2005.
    On May 6, 2005, the Pacific Exchange, Inc. (``PCX'' or 
``Exchange''), through its wholly-owned subsidiary PCX Equities, Inc. 
(``PCXE''), filed with the Securities and Exchange Commission 
(``Commission'') a proposed rule change pursuant to section 19(b)(1) of 
the Securities Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 
thereunder,\2\ to modify the list of eligible strategies that apply to 
Option Strategy Executions retroactive to January 1, 2005. The proposed 
rule change was published for comment in the Federal Register on June 
14, 2005.\3\ The Commission received no comments on the proposal. This 
order approves the proposed rule change.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 51795 (June 7, 
2005), 70 FR 34511.
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    After careful review, the Commission finds that the proposal is 
consistent with the requirements of the Act and the rules and 
regulations thereunder applicable to a national securities exchange.\4\ 
In particular, the Commission finds that the proposed rule change is 
consistent with the requirements of section 6(b)(5) of the Act \5\ and 
the rules and regulations thereunder because it is designed to foster 
cooperation and coordination with persons engaged in facilitating 
transactions in securities, to promote just and equitable principles of 
trade and to remove impediments to and perfect the mechanism of a free 
and open market and a national market system, and, in general, to 
protect investors and the public interest.
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    \4\ In approving this proposed rule change, the Commission notes 
that it has considered the proposed rule's impact on efficiency, 
competition and capital formation. See 15 U.S.C. 78c(f).
    \5\ 15 U.S.C. 78f(b)(5).
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    Specifically, the Commission believes that the Exchange's proposal 
to retroactively modify certain transaction fees associated with its 
short-term interest spread transactions should allow the PCX to 
continue to attract liquidity and conform the Exchange's fees and rates 
to those previously approved under the Option Strategy Execution rate 
plan.
    It is therefore ordered, pursuant to section 19(b)(2) of the 
Act,\6\ that the proposed rule change, (SR-PCX-2005-67) be, and hereby 
is, approved.
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    \6\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\7\
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    \7\ 17 CFR 200.30-3(a)(12).
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Margaret H. McFarland,
Deputy Secretary.
[FR Doc. E5-4014 Filed 7-27-05; 8:45 am]
BILLING CODE 8010-01-P