Self-Regulatory Organizations; Philadelphia Stock Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Exchange Rule 715, 6305-6307 [E6-1613]
Download as PDF
Federal Register / Vol. 71, No. 25 / Tuesday, February 7, 2006 / Notices
In connection with these revisions to
Exchange Rule 11.3, the Exchange is
also removing the language in Exchange
Rule 11.3 relating to minimum price
variations in bonds. The Exchange does
not trade bonds and has not traded
bonds for several years.
2. Statutory Basis
The Exchange believes that the
proposed rule change is consistent with
the provisions of Section 6(b) of the
Act,10 in general, and Section 6(b)(5) of
the Act,11 in particular, in that it is
designed 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,
generally, in that it protects investors
and the public interest. The Exchange
also believes that the proposal is
consistent with the quoting restrictions
of Rule 612 of Regulation NMS.
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
The Exchange has neither solicited
nor received written comments 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 after the date of the filing, or such
shorter time as the Commission may
designate if consistent with the
protection of investors and the public
interest, the proposed rule change has
become effective pursuant to Section
19(b)(3)(A) of the Act 12 and Rule 19b–
4(f)(6) thereunder.13 The Exchange has
asked the Commission to waive the 3010 15
U.S.C. 78f(b).
U.S.C. 78f(b)(5).
12 15 U.S.C. 78s(b)(3)(A).
13 17 CFR 240.19b–4(f)(6). Pursuant to Rule 19b–
4(f)(6)(iii) under the Act, the Exchange is required
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 Commission
has determined to waive this requirement.
erjones on PROD1PC68 with NOTICES
11 15
VerDate Aug<31>2005
15:23 Feb 06, 2006
Jkt 208001
day operative delay and allow the
proposed rule change to become
operative on January 31, 2006, the
compliance date for Rule 612. The
Commission hereby grants that
request.14 The Commission believes that
waiving the operative delay is
consistent with the protection of
investors and the public interest. The
Commission previously has considered
whether, for NMS stocks, quoting below
$1.00 in sub-penny increments should
be permitted. The Commission
determined that it should and codified
that view in Rule 612(b) of Regulation
NMS.15 The Exchange’s proposal to
permit its members to make bids or
offers—in NMS stocks that are listed on
Nasdaq—priced below $1.00 in
increments as small as $0.0001 is
consistent with Rule 612(b) and raises
no new regulatory issues.
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–NSX–2006–02 on the
subject line.
Paper Comments
• Send paper comments in triplicate
to Nancy M. Morris, Secretary,
Securities and Exchange Commission,
100 F Street, NE., Washington, DC
20549–1090.
All submissions should refer to File
Number SR–NSX–2006–02. 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
14 For purposes only of waiving the 30-day
operative delay, the Commission has considered the
proposed rule’s impact on efficiency, competition,
and capital formation. See 15 U.S.C. 78c(f).
15 See Securities Exchange Act Release No. 51808
(June 9, 2005), 70 FR 37496, 37555 (June 29, 2005).
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Sfmt 4703
6305
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 will also 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–NSX–2006–02 and should
be submitted on or before February 28,
2006.
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.16
Nancy M. Morris,
Secretary.
[FR Doc. E6–1615 Filed 2–6–06; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–53197; File No. SR–Phlx–
2006–08]
Self-Regulatory Organizations;
Philadelphia Stock Exchange, Inc.;
Notice of Filing and Immediate
Effectiveness of Proposed Rule
Change Relating to Exchange Rule 715
January 31, 2006.
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 January
26, 2006, the Philadelphia Stock
Exchange, Inc. (‘‘Phlx’’ 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 Phlx. The
Phlx filed the proposed rule change
pursuant to Section 19(b)(3)(A) of the
16 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
1 15
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6306
Federal Register / Vol. 71, No. 25 / Tuesday, February 7, 2006 / Notices
Act 3 and Rule 19b–4(f)(1) thereunder,4
and consequently the proposal was
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
The Phlx proposes to amend
Exchange Rule 715, Monthly Payment
and Reporting, to clarify that equity
floor members are no longer required to
submit a monthly report of net
commissions on transactions effected on
the floor of the Exchange. Exchange
Rule 715 is set forth below, with new
text italicized:
Rule 715
Monthly Payment and Reporting
(a) Each member and member
organization shall submit to the
Exchange’s Controller, in such form as
the Exchange may prescribe, a monthly
report of net commissions on
transactions, other than equity
transactions, effected on the Floor of the
Exchange during the preceding month
together with a check payable to the
Exchange for the appropriate fee. Said
reports and fees must be received by the
Exchange on or before the 28th calendar
day following the month covered by the
report, unless the Exchange is not open
for business on such day, in which
event the report is to be filed and the
fees are to be paid on the next business
day.
(b) A member or member organization
may, in writing, request that the
Controller grant an extension of not
more than five business days to file such
reports or pay such fees. The Controller
has the discretion to grant or deny such
extension requests.
*
*
*
*
*
erjones on PROD1PC68 with NOTICES
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
Phlx included statements concerning
the purpose of, and basis for, the
proposed rule change and discussed any
comments it received on the proposal.
The text of these statements may be
examined at the places specified in Item
IV below. The Phlx has prepared
summaries, set forth in Sections A, B,
and C below, of the most significant
aspects of such statements.
3 15
U.S.C. 78s(b)(3)(A).
4 17 CFR 240.19b–4(f)(1).
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15:23 Feb 06, 2006
Jkt 208001
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The purpose of amending Exchange
Rule 715 is to update this rule to reflect
that monthly reports of net commissions
are no longer required to be submitted
in connection with equity transactions.
This clarification should help avoid any
member confusion as it relates to the
floor brokerage assessment. No fee
changes are being made pursuant to this
proposal.
Previously, the Exchange adopted a
monthly fee of $250 for each member
who derives his/her primary income
from floor brokerage business conducted
on the equity floor of the Exchange and
eliminated the equity floor brokerage
assessment fee of five percent of net
floor brokerage income.5 The Exchange
waived the equity floor brokerage
assessment and implemented the flat
monthly fee of $250 to encourage floor
brokers to send additional order flow to
the Exchange and to simplify Phlx
accounting procedures and billing.
Thus, because the equity floor brokerage
assessment is no longer based on net
commissions, equity floor members do
not need to submit monthly reports of
net commissions, as required by
Exchange Rule 715. Equity option and
index option members and foreign
currency participants, however, are still
required to submit monthly reports
because their floor brokerage assessment
continues to be imposed based on
monthly net floor brokerage income.
2. Statutory Basis
The Exchange believes that its
proposal is consistent with Section 6(b)
of the Act 6 in general, and furthers the
objectives of Section 6(b)(5) of the Act 7
in particular, in that it should help to
foster cooperation and coordination
with persons engaged in the regulating,
clearing, settling, processing
information with respect to and
facilitating transactions in securities by
clarifying that a floor brokerage
assessment form is not required to be
completed in connection with the
assessment of the flat monthly fee of
$250.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Phlx believes that the proposed
rule change will not impose any burden
5 See Securities Exchange Act Release No. 49057
(January 12, 2004), 69 FR 2808 (January 20, 2004)
(SR–Phlx–2003–83).
6 15 U.S.C. 78f(b).
7 15 U.S.C. 78f(b)(5).
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Frm 00058
Fmt 4703
Sfmt 4703
on competition that is not necessary or
appropriate in furtherance of the
purposes of the Act, as amended.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
The Phlx has neither solicited nor
received comments on the proposed
rule change.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The foregoing rule change has become
effective upon filing pursuant to Section
19(b)(3)(A) of the Act 8 and Rule 19b–
4(f)(1) thereunder 9 because it
constitutes a stated policy, practice or
interpretation with respect to the
meaning, administration, or
enforcement of an existing rule. 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.10
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–Phlx–2006–08 on the
subject line.
Paper Comments
• Send paper comments in triplicate
to Nancy M. Morris, Secretary,
Securities and Exchange Commission,
100 F Street, NE., Washington, DC
20549–1090.
All submissions should refer to File
Number SR–Phlx–2006–08. 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
8 15
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(1).
10 See Section 19(b)(3)(C), 15 U.S.C. 78s(b)(3)(C).
9 17
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07FEN1
Federal Register / Vol. 71, No. 25 / Tuesday, February 7, 2006 / Notices
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 Phlx. 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–Phlx–2006–08 and should
be submitted on or before February 28,
2006.
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.11
Nancy M. Morris,
Secretary.
[FR Doc. E6–1613 Filed 2–6–06; 8:45 am]
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
[Docket No.: FAA–2005–20109]
Proposed Grant of Exemption;
Ameriflight, Inc.
Federal Aviation
Administration, DOT.
ACTION: Notice; Request for comments.
AGENCY:
erjones on PROD1PC68 with NOTICES
SUMMARY: This notice contains the text
of a proposed grant of exemption from
specified requirements of 14 CFR. The
purpose of this notice is to improve the
public’s awareness of, and participation
in, this aspect of the FAA’s regulatory
activities. Neither publication or this
notice nor the inclusion or omission of
information in the text of the proposed
exemption is intended to affect the legal
status of the petition or its final
disposition.
Comments must be received on
or before March 9, 2006.
ADDRESSES: You may send comments
[identified by Docket Number FAA–
11 17
CFR 200.30–3(a)(12).
VerDate Aug<31>2005
15:23 Feb 06, 2006
Jkt 208001
SUPPLEMENTARY INFORMATION
Comments Invited
BILLING CODE 8010–01–P
DATES:
2005–20109] using any of the following
methods:
• DOT Docket Web site: Go to
https://dms.dot.gov and follow the
instructions for sending your comments
electronically.
• Governmentwide rulemaking Web
site: Go to https://www.regulations.gov
and follow the instructions for sending
your comments electronically.
• Mail: Docket Management Facility;
U.S. Department of Transportation, 400
Seventh Street, SW., Nassif Building,
Room PL–401, Washington, DC 20590.
• Fax: 1–202–493–2251.
• Hand Delivery: Room PL–401 on
the plaza level of the Nassif Building,
400 Seventh Street, SW., Washington,
DC, between 9 a.m. and 5 p.m., Monday
through Friday, except Federal holidays.
FOR FURTHER INFORMATION CONTACT:
Katherine Perfetti, Air Transportation
Division, Flight Standards Service,
Room 831, 800 Independence Avenue,
SW., Washington, DC 20591, telephone:
(202) 267–3760, e-mail:
Katherine.perfetti@faa.gov.
The FAA invites interested persons to
submit written comments, data, and
views on the agency’s analysis
contained in the proposed grant of
exemption contained below. The most
helpful comments reference a specific
portion of the analysis, explain the
reason for any recommended change,
and include supporting data. We ask
that you send us two copies of written
comments.
We will file in the docket all
comments we receive, as well as a
report summarizing each substantive
public contact with FAA personnel
concerning this proposed grant of
exemption. The docket is available for
public inspection before and after the
comment closing date. If you wish to
review the docket in person, go to the
address in the ADDRESSES section of this
notice between 9 a.m. and 5 p.m.,
Monday through Friday, except Federal
holidays. You may also review the
docket using the Internet at the Web
address in the ADDRESSES section.
Privacy Act: Using the search function
of our docket Web site, anyone can find
and read the comments received into
any of our dockets, including the name
of the individual sending the comment
(or signing the comment on behalf of an
association, business, labor union, etc.).
You may review DOT’s complete
Privacy Act Statement in the Federal
Register published on April 11, 2000
(65 FR 19477–78) or you may visit
https://dms.dot.gov. Before acting on this
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Frm 00059
Fmt 4703
Sfmt 4703
6307
proposal, we will consider all comments
we receive on or before the closing date
for comments. We will consider
comments filed late if it is possible to
do so without incurring expense or
delay. We may change this proposal in
light of the comments we receive.
If you want the FAA to acknowledge
receipt of your comments on this
proposal, include with your comments
a pre-addressed, stamped postcard on
which the docket number appears. We
will stamp the date on the postcard and
mail it to you.
The Proposal
On January 13, 2005, Mr. John W.
Hazlet, Jr., Vice President of Flight,
Ameriflight, Inc. (Ameriflight)
petitioned the FAA for relief from
§ 119.3 of Title 14, Code of Federal
Regulations (14 CFR) to allow
Ameriflight to operate certain
EMBRAER Brasilia EMB–120 (EMB–
120) airplanes with a maximum payload
capacity greater than 7,500 pounds in
all-cargo service under part 135 rather
than part 121. This petition was denied
on February 4, 2005, because
Ameriflight sought to comply with
certain sections of part 121 instead of
complying with all the applicable
sections of 121. In addition, Ameriflight
did not show how its situation was
different from the general class of
regulated entities. On March 22, and
April 5, 2005, Ameriflight petitioned the
FAA for a reconsideration of Denial of
Exemption No. 8480. The FAA has
reconsidered its position and is
considering granting Ameriflight’s
petition. The FAA is publishing the text
of this proposed grant for comment
because the increase in the payload
capacity for all-cargo operations is a
change to the basic applicability
standards contained in part 119 and
could potentially have broader
applicability to other all-cargo
operations. Further, the part 125/135
Aviation Rulemaking Committee (ARC)
has submitted a recommendation on
this subject. That recommendation has
broader applicability and higher
payload capacity limits than proposed
by Ameriflight. The ARC
recommendation is currently under
consideration by the FAA for general
rulemaking action. Although elements
of the ARC’s recommendation were
considered in the FAA’s analysis of this
petition, the FAA’s decision to grant
this exemption is based solely on the
merits of Ameriflight’s petition. The
entire content of the proposed grant of
exemption, including the FAA’s
analysis and conditions and limitations
of the grant follows:
E:\FR\FM\07FEN1.SGM
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Agencies
[Federal Register Volume 71, Number 25 (Tuesday, February 7, 2006)]
[Notices]
[Pages 6305-6307]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-1613]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-53197; File No. SR-Phlx-2006-08]
Self-Regulatory Organizations; Philadelphia Stock Exchange, Inc.;
Notice of Filing and Immediate Effectiveness of Proposed Rule Change
Relating to Exchange Rule 715
January 31, 2006.
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 January 26, 2006, the Philadelphia Stock Exchange, Inc. (``Phlx'' 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 Phlx. The Phlx
filed the proposed rule change pursuant to Section 19(b)(3)(A) of the
[[Page 6306]]
Act \3\ and Rule 19b-4(f)(1) thereunder,\4\ and consequently the
proposal was 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).
\4\ 17 CFR 240.19b-4(f)(1).
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The Phlx proposes to amend Exchange Rule 715, Monthly Payment and
Reporting, to clarify that equity floor members are no longer required
to submit a monthly report of net commissions on transactions effected
on the floor of the Exchange. Exchange Rule 715 is set forth below,
with new text italicized:
Rule 715
Monthly Payment and Reporting
(a) Each member and member organization shall submit to the
Exchange's Controller, in such form as the Exchange may prescribe, a
monthly report of net commissions on transactions, other than equity
transactions, effected on the Floor of the Exchange during the
preceding month together with a check payable to the Exchange for the
appropriate fee. Said reports and fees must be received by the Exchange
on or before the 28th calendar day following the month covered by the
report, unless the Exchange is not open for business on such day, in
which event the report is to be filed and the fees are to be paid on
the next business day.
(b) A member or member organization may, in writing, request that
the Controller grant an extension of not more than five business days
to file such reports or pay such fees. The Controller has the
discretion to grant or deny such extension requests.
* * * * *
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 Phlx included statements
concerning the purpose of, and basis for, the proposed rule change and
discussed any comments it received on the proposal. The text of these
statements may be examined at the places specified in Item IV below.
The Phlx 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 amending Exchange Rule 715 is to update this rule to
reflect that monthly reports of net commissions are no longer required
to be submitted in connection with equity transactions. This
clarification should help avoid any member confusion as it relates to
the floor brokerage assessment. No fee changes are being made pursuant
to this proposal.
Previously, the Exchange adopted a monthly fee of $250 for each
member who derives his/her primary income from floor brokerage business
conducted on the equity floor of the Exchange and eliminated the equity
floor brokerage assessment fee of five percent of net floor brokerage
income.\5\ The Exchange waived the equity floor brokerage assessment
and implemented the flat monthly fee of $250 to encourage floor brokers
to send additional order flow to the Exchange and to simplify Phlx
accounting procedures and billing. Thus, because the equity floor
brokerage assessment is no longer based on net commissions, equity
floor members do not need to submit monthly reports of net commissions,
as required by Exchange Rule 715. Equity option and index option
members and foreign currency participants, however, are still required
to submit monthly reports because their floor brokerage assessment
continues to be imposed based on monthly net floor brokerage income.
---------------------------------------------------------------------------
\5\ See Securities Exchange Act Release No. 49057 (January 12,
2004), 69 FR 2808 (January 20, 2004) (SR-Phlx-2003-83).
---------------------------------------------------------------------------
2. Statutory Basis
The Exchange believes that its proposal is consistent with Section
6(b) of the Act \6\ in general, and furthers the objectives of Section
6(b)(5) of the Act \7\ in particular, in that it should help to foster
cooperation and coordination with persons engaged in the regulating,
clearing, settling, processing information with respect to and
facilitating transactions in securities by clarifying that a floor
brokerage assessment form is not required to be completed in connection
with the assessment of the flat monthly fee of $250.
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78f(b).
\7\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
B. Self-Regulatory Organization's Statement on Burden on Competition
The Phlx believes that the proposed rule change will not impose any
burden on competition that is not necessary or appropriate in
furtherance of the purposes of the Act, as amended.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
The Phlx has neither solicited nor received comments on the
proposed rule change.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
The foregoing rule change has become effective upon filing pursuant
to Section 19(b)(3)(A) of the Act \8\ and Rule 19b-4(f)(1) thereunder
\9\ because it constitutes a stated policy, practice or interpretation
with respect to the meaning, administration, or enforcement of an
existing rule. 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.\10\
---------------------------------------------------------------------------
\8\ 15 U.S.C. 78s(b)(3)(A).
\9\ 17 CFR 240.19b-4(f)(1).
\10\ See Section 19(b)(3)(C), 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-Phlx-2006-08 on the subject line.
Paper Comments
Send paper comments in triplicate to Nancy M. Morris,
Secretary, Securities and Exchange Commission, 100 F Street, NE.,
Washington, DC 20549-1090.
All submissions should refer to File Number SR-Phlx-2006-08. 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
[[Page 6307]]
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 Phlx. 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-Phlx-2006-08 and should be
submitted on or before February 28, 2006.
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\11\ 17 CFR 200.30-3(a)(12).
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\11\
Nancy M. Morris,
Secretary.
[FR Doc. E6-1613 Filed 2-6-06; 8:45 am]
BILLING CODE 8010-01-P