Self-Regulatory Organizations; International Securities Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Fees for Non-ISE Market Maker Orders, 19918-19920 [E6-5708]
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19918
Federal Register / Vol. 71, No. 74 / Tuesday, April 18, 2006 / Notices
of the standards established for
coinvestment by the Registered Fund,
including whether the use of the
standards continues to be in the best
interests of the Registered Fund and its
shareholders and does not involve
overreaching on the part of any person
concerned.
9. Except for a Follow-On Investment
made pursuant to condition 5 above, no
investment will be made by a Registered
Fund in reliance on the order in private
placement securities of any entity if the
Adviser knows or reasonably should
know that another Registered Fund or
Unregistered Account or any affiliated
person of such Registered Fund or
Unregistered Account then currently
holds a security issued by that entity.
10. Any transaction fee (including
break-up or commitment fees but
excluding brokerage fees contemplated
by section 17(e)(2) of the Act) received
by the applicants in connection with a
transaction entered into in reliance on
the requested order will be distributed
to the participants on a pro rata basis
based on the amounts they invested or
committed, as the case may be, in such
transaction. If any transaction fee is to
be held by the Adviser pending
consummation of the transaction, the
fee will be deposited into an account
maintained by the Adviser at a bank or
banks having the qualifications
prescribed in section 26(a) of the Act,
and the account will earn a competitive
rate of interest that also will be divided
pro rata among the participants based
on the amounts they invested or
committed, as the case may be, in such
transaction. The Adviser will receive no
additional compensation or
remuneration of any kind as a result of
or in connection with a coinvestment, or
compensation for its services in
sponsoring, structuring, or providing
managerial assistance to an issuer of
Electronic market place
private placement securities that is not
shared pro rata with the coinvesting
Registered Funds and Unregistered
Accounts.
11. Each Registered Fund will comply
with the fund governance standards as
defined in Rule 0–1(a)(7) under the Act.
The Registered Funds will not have
common Independent Directors.
12. Each applicant will maintain and
preserve all records required by section
31 of the Act and any other provisions
of the Act and the rules and regulations
under the Act applicable to such
applicant. The Registered Funds will
maintain records required by section
57(f)(3) of the Act as if each of the
Registered Funds were a business
development company and the
coinvestments and any Follow-On
Investments (or exercise of warrants,
conversion rights or other rights) were
approved under section 57(f).
For the Commission, by the Division of
Investment Management, pursuant to
delegated authority.
Nancy M. Morris,
Secretary.
[FR Doc. E6–5709 Filed 4–17–06; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
notice is hereby given that on April 3,
2006, the International Securities
Exchange, Inc. (‘‘ISE’’ 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 ISE. The ISE
has designated this proposal as one
changing a fee imposed by the ISE
under section 19(b)(3)(A)(ii) of the Act,3
and Rule 19b–4(f)(2) 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 parties.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The ISE proposes to amend its
Schedule of Fees to adopt a fee for nonISE market maker orders. The text of the
proposed rule change is available on the
Exchange’s Web site (https://
www.iseoptions.com/legal/
proposed_rule_changes.asp) and at the
Commission’s Public Reference Room.
Below is the text of the proposed rule
change. Proposed new language is
italicized.
[Release No. 34–53630; File No. SR–ISE–
2006–18]
Self-Regulatory Organizations;
International Securities Exchange, Inc.;
Notice of Filing and Immediate
Effectiveness of Proposed Rule
Change Relating to Fees for Non-ISE
Market Maker Orders
April 11, 2006.
Pursuant to section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’) 1 and Rule 19b–4 thereunder,2
Amount
Billable unit
Frequency
Notes
*
....................
*
....................................
*
....................................
Contract/side
Contract/side
Contract/side
Contract/side
Transaction
Transaction
Transaction
Transaction
*
*
For Complex Orders, fee charged only
for the leg of the trade consisting of
the most contracts. For a pilot period
ending November 30, 2006 in transactions in QQQQ, this fee (i) is reduced by $.10 per Member for
monthly A.D.V. above 8,000 contracts/sides and (ii) is waived entirely
per Member for monthly A.D.V.
above 10,000 contracts/sides.
Based on Exchange A.D.V.
Based on Exchange A.D.V.
Based on Exchange A.D.V.
Based on Exchange A.D.V.
Execution Fees
hsrobinson on PROD1PC68 with NOTICES
*
*
• ISE Market Maker .............................
A.D.V.
A.D.V.
A.D.V.
A.D.V.
1 15
2 17
Less Than 300,000 ............
From 300,001 to 500,000 ..
From 500,001 to 1,000,000
Over 1,000,000 ..................
U.S.C. 78s(b)(1).
CFR 240.19b–4.
VerDate Aug<31>2005
15:03 Apr 17, 2006
$0.21
$0.17
$0.14
$0.12
3 15
4 17
Jkt 208001
PO 00000
.............
.............
.............
.............
................
................
................
................
U.S.C. 78s(b)(3)(A)(ii).
CFR 240.19b–4(f)(2).
Frm 00070
Fmt 4703
Sfmt 4703
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18APN1
19919
Federal Register / Vol. 71, No. 74 / Tuesday, April 18, 2006 / Notices
Electronic market place
Amount
• Non-ISE Market Maker ......................
*
$0.16
*
hsrobinson on PROD1PC68 with NOTICES
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The purpose of this proposed rule
change is to establish a fee for FARMM
orders. FARMM orders are orders that
are sent to the Exchange for execution
by an Electronic Access Member, an ISE
member, on behalf of a non-ISE market
maker. FARMM orders do not include
Linkage Orders. Under ISE’s Schedule
of Fees, the Exchange currently treats
FARMM orders as Firm Proprietary
orders. As such, both these order types
are charged an execution fee and a
comparison fee of $0.15 and $0.03 per
contract, respectively. The ISE
represents that non-ISE market makers
that trade on the Exchange do not pay
all of the same fees that ISE market
makers pay, such as membership and
regulatory fees. Thus, ISE market
makers are subsidizing non-ISE market
makers’ trading on the Exchange.
Accordingly, for competitive reasons,
the Exchange proposes to create a new
fee of $0.19 per contract for all FARMM
orders, comprised of an execution fee
and a comparison fee of $0.16 and $0.03
per contract, respectively. The Exchange
notes that other options exchanges
currently assess a per contract surcharge
on non-Linkage trades executed for the
account of a non-member market maker.
For example, the Exchange believes that
the Chicago Board Options Exchange
(‘‘CBOE’’), the American Stock
Exchange (‘‘Amex’’), and the
15:03 Apr 17, 2006
Frequency
Notes
Contract/side .............
Transaction ................
The term ‘‘Non-ISE Market Maker’’
means a market maker as defined in
Section 3(a)(38) of the Securities
Exchange Act of 1934 registered in
the same options class on another
options exchange.
*
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
ISE included statements concerning the
purpose of, and basis for, the proposed
rule change and discussed any
comments it received regarding the
proposed rule change. The text of these
statements may be examined at the
places specified in Item IV below. The
ISE has prepared summaries, set forth in
sections A, B, and C below, of the most
significant aspects of such statements.
VerDate Aug<31>2005
Billable unit
Jkt 208001
*
*
Philadelphia Stock Exchange (‘‘Phlx’’)
currently charge FARMM orders $0.26,5
$0.21,6 and $0.24,7 per contract,
respectively. The Exchange believes that
the proposed increase by the Exchange
of $0.01 per contract from the current
fees paid by non-ISE market makers will
still leave ISE as the least expensive
venue for executing FARMM orders.
2. Statutory Basis
The Exchange believes that the
proposed rule change is consistent with
section 6(b)(4) of the Act 8 in that it
provides for the equitable allocation of
reasonable dues, fees and other charges
among the ISE’s members and other
persons using its facilities.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange does not believe that
the proposed rule change will impose
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
The Exchange has not solicited, and
does not intend to solicit, comments on
this proposed rule change. The
Exchange has not received any
unsolicited written comments from
members or other interested parties.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The foregoing proposed rule change
has been designated as a fee change
pursuant to section 19(b)(3)(A) of the
Act 9 and Rule 19b–4(f)(2) thereunder,10
because it establishes or changes a due,
5 See CBOE Fees Schedule, dated March 1, 2006,
at https://www.cboe.com/publish/feeschedule/
CBOEFeeSchedule.pdf.
6 See Amex Price List, dated March 15, 2006, at
https://www.amex.com/atamex/constitutionRules/
at_feeSched.pdf.
7 See Phlx Fee Schedule, dated February 2006, at
https://www.phlx.com/exchange/memservices/
feesched.pdf.
8 15 U.S.C. 78f(b)(4).
9 15 U.S.C. 78s(b)(3)(A).
10 17 CFR 240.19b–4(f)(2).
PO 00000
Frm 00071
Fmt 4703
Sfmt 4703
*
*
fee or other charge imposed by the
Exchange. Accordingly, the proposal
will take effect upon filing with the
Commission. 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–ISE–2006–18 on the subject
line.
Paper Comments
• Send paper comments in triplicate
to Nancy M. Morris, Secretary,
Securities and Exchange Commission,
Station Place, 100 F Street, NE.,
Washington, DC 20549–1090.
All submissions should refer to File
Number SR–ISE–2006–18. 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
E:\FR\FM\18APN1.SGM
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19920
Federal Register / Vol. 71, No. 74 / Tuesday, April 18, 2006 / Notices
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 ISE. 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–ISE–2006–18 and should be
submitted on or before May 9, 2006.
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.11
Nancy M. Morris,
Secretary.
[FR Doc. E6–5708 Filed 4–17–06; 8:45 am]
Cheri L. Cannon,
Acting Associate Administrator for Disaster
Assistance.
[FR Doc. E6–5699 Filed 4–17–06; 8:45 am]
BILLING CODE 8025–01–P
SMALL BUSINESS ADMINISTRATION
U.S. Small Business
Administration.
ACTION:
Illinois Disaster Number IL–00003
U.S. Small Business
Administration.
ACTION: Amendment 1.
AGENCY:
hsrobinson on PROD1PC68 with NOTICES
AGENCY:
AGENCY:
[Disaster Declaration # 10437 and # 10438]
SUMMARY: This is an amendment of the
Presidential declaration of a major
disaster for the State of Illinois (FEMA–
1633–DR), dated March 28, 2006.
Incident: Tornadoes and Severe
Storms.
Incident Period: March 11, 2006
through March 13, 2006.
Effective Date: April 6, 2006.
Physical Loan Application Deadline
Date: May 30, 2006.
EIDL Loan Application Deadline Date:
December 28, 2006.
ADDRESSES: Submit completed loan
applications to: U.S. Small Business
Administration, National Processing
and Disbursement Center, 14925
Kingsport Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
409 3rd Street, SW., Suite 6050,
Washington, DC 20416.
SUPPLEMENTARY INFORMATION: The notice
of the Presidential disaster declaration
for the State of ILLINOIS, dated March
28, 2006 is hereby amended to include
the following areas as adversely affected
by the disaster:
Primary Counties:
Morgan, and Greene.
Contiguous Counties:
CFR 200.30–3(a)(12).
15:03 Apr 17, 2006
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
Missouri Disaster Number MO–00002
SMALL BUSINESS ADMINISTRATION
VerDate Aug<31>2005
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #10428 and #10429]
BILLING CODE 8010–01–P
11 17
Illinois: Brown, Calhoun, Jersey, Pike,
and Scott.
All other information in the original
declaration remains unchanged.
Amendment 2.
SUMMARY: This is an amendment of the
Presidential declaration of a major
disaster for the State of Missouri
(FEMA–1631–DR), dated March 16,
2006.
Incident: Severe storms, tornadoes,
and flooding.
Incident Period: March 11, 2006
through March 31, 2006.
Effective Date: April 6, 2006.
Physical Loan Application Deadline
Date: May 15, 2006.
EIDL Loan Application Deadline Date:
December 15, 2006.
ADDRESSES: Submit completed loan
applications to: U.S. Small Business
Administration, National Processing
and Disbursement Center, 14925
Kingsport Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT:
Alan Escobar, Office of Disaster
Assistance, U.S. Small Business
Administration, 409 3rd Street, SW.,
Suite 6050, Washington, DC 20416.
SUPPLEMENTARY INFORMATION: The notice
of the Presidential disaster declaration
for the State of Missouri, dated March
16, 2006 is hereby amended to include
the following areas as adversely affected
by the disaster:
Primary Counties: Crawford
Contiguous Counties: All other
information in the original
declaration remains unchanged.
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
Cheri L. Cannon,
Acting Associate, Administrator for Disaster
Assistance.
[FR Doc. E6–5697 Filed 4–17–06; 8:45 am]
BILLING CODE 8025–01–P
Jkt 208001
PO 00000
Frm 00072
Fmt 4703
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[Disaster Declaration # 10440 and # 10441]
Tennessee Disaster Number TN–00008
U.S. Small Business
Administration.
ACTION: Amendment 1.
SUMMARY: This is an amendment of the
Presidential declaration of a major
disaster for the State of Tennessee
(FEMA–1634–DR), dated April 5, 2006.
Incident: Tornadoes and Severe
Storms.
Incident Period: April 2, 2006 and
continuing through April 8, 2006.
Effective Date: April 10, 2006.
Physical Loan Application Deadline
Date: June 5, 2006.
EIDL Loan Application Deadline Date:
January 5, 2006.
ADDRESSES: Submit completed loan
applications to: U.S. Small Business
Administration, National Processing
and Disbursement Center, 14925
Kingsport Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
409 3rd Street, SW., Suite 6050,
Washington, DC 20416.
SUPPLEMENTARY INFORMATION: The notice
of the President’s major disaster
declaration for the State of Tennessee,
dated April 5, 2006, is hereby amended
to re-establish the incident period for
this disaster as beginning April 2, 2006
and continuing through April 8, 2006.
All other information in the original
declaration remains unchanged.
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
Herbert L. Mitchell,
Associate Administrator for Disaster
Assistance.
[FR Doc. E6–5698 Filed 4–17–06; 8:45 am]
BILLING CODE 8025–01–P
DEPARTMENT OF TRANSPORTATION
Office of the Secretary
Aviation Proceedings, Agreements
Filed the Week Ending March 24, 2006
The following Agreements were filed
with the Department of Transportation
under Sections 412 and 414 of the
Federal Aviation Act, as amended (49
U.S.C. 1382 and 1384) and procedures
governing proceedings to enforce these
provisions. Answers may be filed within
21 days after the filing of the
application.
Docket Number: OST–2006–24237.
Date Filed: March 20, 2006.
E:\FR\FM\18APN1.SGM
18APN1
]]>Agencies
[Federal Register Volume 71, Number 74 (Tuesday, April 18, 2006)]
[Notices]
[Pages 19918-19920]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-5708]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-53630; File No. SR-ISE-2006-18]
Self-Regulatory Organizations; International Securities Exchange,
Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule
Change Relating to Fees for Non-ISE Market Maker Orders
April 11, 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 April 3, 2006, the International Securities Exchange, Inc. (``ISE''
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 ISE. The ISE has
designated this proposal as one changing a fee imposed by the ISE under
section 19(b)(3)(A)(ii) of the Act,\3\ and Rule 19b-4(f)(2)
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 parties.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ 15 U.S.C. 78s(b)(3)(A)(ii).
\4\ 17 CFR 240.19b-4(f)(2).
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The ISE proposes to amend its Schedule of Fees to adopt a fee for
non-ISE market maker orders. The text of the proposed rule change is
available on the Exchange's Web site (https://www.iseoptions.com/legal/
proposed_rule_changes.asp) and at the Commission's Public Reference
Room. Below is the text of the proposed rule change. Proposed new
language is italicized.
--------------------------------------------------------------------------------------------------------------------------------------------------------
Electronic market place Amount Billable unit Frequency Notes
--------------------------------------------------------------------------------------------------------------------------------------------------------
Execution Fees
* * * * * * *
ISE Market Maker............. ........... .................................... ................................... For Complex Orders, fee
charged only for the
leg of the trade
consisting of the most
contracts. For a pilot
period ending November
30, 2006 in
transactions in QQQQ,
this fee (i) is reduced
by $.10 per Member for
monthly A.D.V. above
8,000 contracts/sides
and (ii) is waived
entirely per Member for
monthly A.D.V. above
10,000 contracts/sides.
A.D.V. Less Than 300,000.......... $0.21 Contract/side....................... Transaction........................ Based on Exchange A.D.V.
A.D.V. From 300,001 to 500,000.... $0.17 Contract/side....................... Transaction........................ Based on Exchange A.D.V.
A.D.V. From 500,001 to 1,000,000.. $0.14 Contract/side....................... Transaction........................ Based on Exchange A.D.V.
A.D.V. Over 1,000,000............. $0.12 Contract/side....................... Transaction........................ Based on Exchange A.D.V.
[[Page 19919]]
Non-ISE Market Maker......... $0.16 Contract/side....................... Transaction........................ The term ``Non-ISE
Market Maker'' means a
market maker as defined
in Section 3(a)(38) of
the Securities Exchange
Act of 1934 registered
in the same options
class on another
options exchange.
* * * * * * *
--------------------------------------------------------------------------------------------------------------------------------------------------------
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 ISE included statements
concerning the purpose of, and basis for, the proposed rule change and
discussed any comments it received regarding the proposed rule change.
The text of these statements may be examined at the places specified in
Item IV below. The ISE 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 this proposed rule change is to establish a fee for
FARMM orders. FARMM orders are orders that are sent to the Exchange for
execution by an Electronic Access Member, an ISE member, on behalf of a
non-ISE market maker. FARMM orders do not include Linkage Orders. Under
ISE's Schedule of Fees, the Exchange currently treats FARMM orders as
Firm Proprietary orders. As such, both these order types are charged an
execution fee and a comparison fee of $0.15 and $0.03 per contract,
respectively. The ISE represents that non-ISE market makers that trade
on the Exchange do not pay all of the same fees that ISE market makers
pay, such as membership and regulatory fees. Thus, ISE market makers
are subsidizing non-ISE market makers' trading on the Exchange.
Accordingly, for competitive reasons, the Exchange proposes to create a
new fee of $0.19 per contract for all FARMM orders, comprised of an
execution fee and a comparison fee of $0.16 and $0.03 per contract,
respectively. The Exchange notes that other options exchanges currently
assess a per contract surcharge on non-Linkage trades executed for the
account of a non-member market maker. For example, the Exchange
believes that the Chicago Board Options Exchange (``CBOE''), the
American Stock Exchange (``Amex''), and the Philadelphia Stock Exchange
(``Phlx'') currently charge FARMM orders $0.26,\5\ $0.21,\6\ and
$0.24,\7\ per contract, respectively. The Exchange believes that the
proposed increase by the Exchange of $0.01 per contract from the
current fees paid by non-ISE market makers will still leave ISE as the
least expensive venue for executing FARMM orders.
---------------------------------------------------------------------------
\5\ See CBOE Fees Schedule, dated March 1, 2006, at https://
www.cboe.com/publish/feeschedule/CBOEFeeSchedule.pdf.
\6\ See Amex Price List, dated March 15, 2006, at https://
www.amex.com/atamex/constitutionRules/at_feeSched.pdf.
\7\ See Phlx Fee Schedule, dated February 2006, at https://
www.phlx.com/exchange/memservices/feesched.pdf.
---------------------------------------------------------------------------
2. Statutory Basis
The Exchange believes that the proposed rule change is consistent
with section 6(b)(4) of the Act \8\ in that it provides for the
equitable allocation of reasonable dues, fees and other charges among
the ISE's members and other persons using its facilities.
---------------------------------------------------------------------------
\8\ 15 U.S.C. 78f(b)(4).
---------------------------------------------------------------------------
B. Self-Regulatory Organization's Statement on Burden on Competition
The Exchange does not believe that the proposed rule change will
impose 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
The Exchange has not solicited, and does not intend to solicit,
comments on this proposed rule change. The Exchange has not received
any unsolicited written comments from members or other interested
parties.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
The foregoing proposed rule change has been designated as a fee
change pursuant to section 19(b)(3)(A) of the Act \9\ and Rule 19b-
4(f)(2) thereunder,\10\ because it establishes or changes a due, fee or
other charge imposed by the Exchange. Accordingly, the proposal will
take effect upon filing with the Commission. 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.
---------------------------------------------------------------------------
\9\ 15 U.S.C. 78s(b)(3)(A).
\10\ 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-ISE-2006-18 on the subject line.
Paper Comments
Send paper comments in triplicate to Nancy M. Morris,
Secretary, Securities and Exchange Commission, Station Place, 100 F
Street, NE., Washington, DC 20549-1090.
All submissions should refer to File Number SR-ISE-2006-18. 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
[[Page 19920]]
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 ISE. 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-ISE-2006-18 and should be submitted on or before May 9,
2006.
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\11\
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\11\ 17 CFR 200.30-3(a)(12).
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Nancy M. Morris,
Secretary.
[FR Doc. E6-5708 Filed 4-17-06; 8:45 am]
BILLING CODE 8010-01-P
