Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Order Approving Proposed Rule Change and Amendments Nos. 1 and 2 Thereto Requiring the Chicago Stock Exchange's Participants To Provide Electronic Mail Addresses to the Exchange, 61671 [E5-5880]

Download as PDF Federal Register / Vol. 70, No. 205 / Tuesday, October 25, 2005 / Notices (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 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–Amex–2005–097 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 20549–9303. All submissions should refer to File Number SR–Amex–2005–097. 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 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–Amex–2005–097 and 15:53 Oct 24, 2005 Jkt 208001 For the Commission, by the Division of Market Regulation, pursuant to delegated authority.6 Jonathan G. Katz, Secretary. [FR Doc. E5–5892 Filed 10–24–05; 8:45 am] BILLING CODE 8010–01–P 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: VerDate Aug<31>2005 should be submitted on or before November 15, 2005. SECURITIES AND EXCHANGE COMMISSION [Release No. 34–52632; File No. SR–CHX– 2005–21] Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Order Approving Proposed Rule Change and Amendments Nos. 1 and 2 Thereto Requiring the Chicago Stock Exchange’s Participants To Provide Electronic Mail Addresses to the Exchange October 19, 2005. Introduction On July 18, 2005, the Chicago Stock Exchange, Inc. (‘‘CHX’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’),1 and Rule 19b–4 thereunder,2 a proposed rule change to require participants and participant firms to provide electronic mail addresses to the Exchange for use in transmitting notices and other communications. On August 30, 2005, the Exchange filed Amendment No. 1 to the proposed rule change.3 On September 1, 2005, the Exchange filed Amendment No. 2 to the proposed rule change.4 The proposed rule change, as amended, was published in the Federal Register on September 14, 2005.5 No comments were received on the proposed rule change. This order 6 17 CFR 200.30–3(a)(12). U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 3 See Amendment No. 1. In Amendment No. 1, the Exchange made several modifications to the proposed rule change, including changes to the proposed rule text to require members to promptly update electronic mail addresses they provide to the Exchange, to clarify that the proposal will not supersede or modify any other provisions of Exchange rules that set out a specific method for the receipt of information from the Exchange, and to modify the notice to more closely conform it to the text of the proposed rule change. 4 See Amendment No. 2. In Amendment No. 2, the Exchange changed the text of the proposed rule so that it uses the term ‘‘electronic mail’’ instead of the term ‘‘e-mail.’’ 5 See Securities Exchange Act Release No. 52375 (September 1, 2005), 70 FR 54424. 1 15 PO 00000 Frm 00072 Fmt 4703 Sfmt 4703 61671 approves the proposed rule change, as amended. New Rule 17 of Article III shall provide that every Exchange participant and Exchange participant firm shall designate one or more electronic mail addresses for the purpose of receiving Exchange notices and communications and shall promptly update those electronic mail addresses when those addresses change or are no longer valid. New Rule 17 also provides that an authorized representative of the Exchange may elect to transmit notices or other communications to participants electronically, but that nothing in Rule 17 will supersede or modify either the method for service of process or other materials in any disciplinary proceeding or any other provisions of the Exchange rules setting out a specific method for the receipt of information from the Exchange. The Commission finds that the proposed rule change, as amended, is consistent with the Act and the rules and regulations thereunder applicable to a national securities exchange.6 The Commission 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)(5) of the Act,8 in particular, in that it promotes just and equitable principles of trade, removes impediments to, and perfects the mechanism of, a free and open market and a national market system, and, in general, protects investors and the public interest, by allowing the Exchange to take advantage of technology to communicate with participants in a more efficient and costeffective manner. It is therefore ordered, pursuant to Section 19(b)(2) of the Act,9 that the proposed rule change (SR–CHX–2005– 21), as amended, is approved. For the Commission, by the Division of Market Regulation, pursuant to delegated authority.10 Jonathan G. Katz, Secretary. [FR Doc. E5–5880 Filed 10–24–05; 8:45 am] BILLING CODE 8010–01–P 6 In approving this proposed rule change, the Commission has considered the proposed rule’s impact of efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). 7 15 U.S.C. 78(f)(b). 8 5 U.S.C. 78(f)(b)(5). 9 15 U.S.C. 78s(b)(2). 10 17 CFR 200.30–3(a)(12). E:\FR\FM\25OCN1.SGM 25OCN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 70, Number 205 (Tuesday, October 25, 2005)]
[Notices]
[Page 61671]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-5880]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-52632; File No. SR-CHX-2005-21]


Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; 
Order Approving Proposed Rule Change and Amendments Nos. 1 and 2 
Thereto Requiring the Chicago Stock Exchange's Participants To Provide 
Electronic Mail Addresses to the Exchange

October 19, 2005.

Introduction

    On July 18, 2005, the Chicago Stock Exchange, Inc. (``CHX'' or 
``Exchange'') filed with the Securities and Exchange Commission 
(``Commission''), pursuant to Section 19(b)(1) of the Securities 
Exchange Act of 1934 (``Act''),\1\ and Rule 19b-4 thereunder,\2\ a 
proposed rule change to require participants and participant firms to 
provide electronic mail addresses to the Exchange for use in 
transmitting notices and other communications. On August 30, 2005, the 
Exchange filed Amendment No. 1 to the proposed rule change.\3\ On 
September 1, 2005, the Exchange filed Amendment No. 2 to the proposed 
rule change.\4\ The proposed rule change, as amended, was published in 
the Federal Register on September 14, 2005.\5\ No comments were 
received on the proposed rule change. This order approves the proposed 
rule change, as amended.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Amendment No. 1. In Amendment No. 1, the Exchange made 
several modifications to the proposed rule change, including changes 
to the proposed rule text to require members to promptly update 
electronic mail addresses they provide to the Exchange, to clarify 
that the proposal will not supersede or modify any other provisions 
of Exchange rules that set out a specific method for the receipt of 
information from the Exchange, and to modify the notice to more 
closely conform it to the text of the proposed rule change.
    \4\ See Amendment No. 2. In Amendment No. 2, the Exchange 
changed the text of the proposed rule so that it uses the term 
``electronic mail'' instead of the term ``e-mail.''
    \5\ See Securities Exchange Act Release No. 52375 (September 1, 
2005), 70 FR 54424.
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    New Rule 17 of Article III shall provide that every Exchange 
participant and Exchange participant firm shall designate one or more 
electronic mail addresses for the purpose of receiving Exchange notices 
and communications and shall promptly update those electronic mail 
addresses when those addresses change or are no longer valid. New Rule 
17 also provides that an authorized representative of the Exchange may 
elect to transmit notices or other communications to participants 
electronically, but that nothing in Rule 17 will supersede or modify 
either the method for service of process or other materials in any 
disciplinary proceeding or any other provisions of the Exchange rules 
setting out a specific method for the receipt of information from the 
Exchange.
    The Commission finds that the proposed rule change, as amended, is 
consistent with the Act and the rules and regulations thereunder 
applicable to a national securities exchange.\6\ The Commission 
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)(5) of the Act,\8\ in particular, in that it promotes just and 
equitable principles of trade, removes impediments to, and perfects the 
mechanism of, a free and open market and a national market system, and, 
in general, protects investors and the public interest, by allowing the 
Exchange to take advantage of technology to communicate with 
participants in a more efficient and cost-effective manner.
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    \6\ In approving this proposed rule change, the Commission has 
considered the proposed rule's impact of efficiency, competition, 
and capital formation. See 15 U.S.C. 78c(f).
    \7\ 15 U.S.C. 78(f)(b).
    \8\ 5 U.S.C. 78(f)(b)(5).
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    It is therefore ordered, pursuant to Section 19(b)(2) of the 
Act,\9\ that the proposed rule change (SR-CHX-2005-21), as amended, is 
approved.
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    \9\ 15 U.S.C. 78s(b)(2).
    \10\ 17 CFR 200.30-3(a)(12).

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\10\
Jonathan G. Katz,
Secretary.
 [FR Doc. E5-5880 Filed 10-24-05; 8:45 am]
BILLING CODE 8010-01-P

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