Self-Regulatory Organizations; New York Stock Exchange LLC; Chicago Board Options Exchange, Incorporated; Notice of Extension of Comment Periods for the Proposed Rule Changes Relating to Customer Portfolio Margining Requirements, 25878-25879 [E6-6596]

Download as PDF 25878 Federal Register / Vol. 71, No. 84 / Tuesday, May 2, 2006 / Notices protection of investors and the public interest, the proposed rule change has become effective pursuant to Section 19(b)(3)(A) of the Act 11 and Rule 19b4(f)(6) thereunder.12 The Exchange has asked the Commission to waive the 30-day operative delay and allow the proposed rule change to become operative on May 1, 2006. The Commission hereby grants that request.13 The Commission believes that the Exchange’s proposal to round away all proper sub-penny quotes in NYSE- and Amex-listed securities immediately upon receipt by Brut or INET raises no new regulatory issues, as Nasdaq implemented the same adjustment mechanism earlier this year in the NMC and Rule 612 does not require that accepted sub-penny quotes priced below $1.00 be displayed, executed, or routed in sub-pennies. Furthermore, this rule change will bring the quoting conventions of two Nasdaq trading facilities, Brut and INET, into line with those of the NMC without any further delay, thereby reducing the possibility of investor confusion. Therefore, the Commission believes that waiving the 30-day operative delay is consistent with the protection of investors and the public interest. 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: Number SR-NASD–2006–054 on the subject line. SECURITIES AND EXCHANGE COMMISSION Paper comments [Release No. 34–53728; File Nos. SR–NYSE– 2006–13; SR–CBOE–2006–14] • 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–NASD–2006–054. 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 (http://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 NASD. 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–NASD–2006–054 and should be submitted on or before May 23, 2006. 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 For the Commission, by the Division of Market Regulation, pursuant to delegated authority.14 Nancy M. Morris, Secretary. [FR Doc. E6–6597 Filed 5–1–06; 8:45 am] BILLING CODE 8010–01–P 11 15 U.S.C. 78s(b)(3)(A). CFR 240.19b-4(f)(6). As required by Rule 19b-4(f)(6)(iii) under the Act, the Exchange also provided with the Commission with 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 the proposed rule change. 13 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). rmajette on PROD1PC67 with NOTICES 12 17 VerDate Aug<31>2005 15:18 May 01, 2006 Jkt 208001 14 17 PO 00000 CFR 200.30–3(a)(12). Frm 00068 Fmt 4703 Sfmt 4703 Self-Regulatory Organizations; New York Stock Exchange LLC; Chicago Board Options Exchange, Incorporated; Notice of Extension of Comment Periods for the Proposed Rule Changes Relating to Customer Portfolio Margining Requirements April 26, 2006. On March 2, 2006, the New York Stock Exchange LLC (‘‘NYSE’’), and on February 2, 2006, the Chicago Board Options Exchange, Incorporated (‘‘CBOE’’), filed with the Securities and Exchange Commission (‘‘Commission’’) proposed rule changes pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’ or ‘‘Exchange Act’’) 1 and Rule 19b–4 thereunder,2 that would further expand the scope of products that are eligible for treatment as part of their respective customer portfolio margin pilot programs.3 A complete description of the proposed rule changes is found in the notices of filing, which were published in the Federal Register on April 6, 2006.4 The comment periods expire on April 27, 2006.5 In response to requests to extend the comment periods, and to give the public additional time to comment on the proposed rule changes, the Commission has decided to extend the comment periods pursuant to Section 19(b)(2) of the Act.6 Accordingly, the comment periods shall be extended until May 11, 2006. Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Exchange Act. Comments may be submitted by any of the following methods: 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Exchange Act Release No. 52031 (July 14, 2005), 70 FR 42130 (July 21, 2005) (SR–NYSE– 2002–19); and Exchange Act Release No. 52032 (July 14, 2005), 70 FR 42130 (July 21, 2005) (SR– CBOE–2002–03). On July 14, 2005, the Commission approved on a pilot basis expiring July 31, 2007, amendments to NYSE Rule 431 and CBOE Rule 12.4 to permit the use of customer portfolio margining for certain specified products (e.g., listed, broadbased U.S. index options and warrants, along with any underlying instruments), as an alternative to the strategy based margin requirements required by the NYSE’s and CBOE’s margin rules. 4 See Exchange Act Release No. 53576 (March 30, 2006), 71 FR 17519 (April 6, 2006) (SR–CBOE– 2006–14); and Exchange Act Release No. 53577 (March 30, 2006), 71 FR 17539 (April 6, 2006) (SR– NYSE–2006–13). 5 Id. 6 15 U.S.C. 78s(b)(2). 2 17 E:\FR\FM\02MYN1.SGM 02MYN1 Federal Register / Vol. 71, No. 84 / Tuesday, May 2, 2006 / Notices Electronic Comments DEPARTMENT OF STATE • Use the Commission’s Internet comment form (http://www.sec.gov/ rules/sro.shtml); or • Send e-mail to rulecomments@sec.gov. Please include File Number SR–NYSE–2006–13 or SR– CBOE–2006–14 on the subject line. [Public Notice 5398] 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–NYSE–2006–13 or SR– CBOE–2006–14. 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 (http://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 NYSE or CBOE. 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 submission should refer to File Number SR–NYSE–2006–13 or SR–CBOE–2006– 14 and should be submitted on or before May 11, 2006. rmajette on PROD1PC67 with NOTICES For the Commission, by the Division of Market Regulation, pursuant to delegated authority.7 Nancy M. Morris, Secretary. [FR Doc. E6–6596 Filed 5–1–06; 8:45 am] BILLING CODE 8010–01–P 7 17 CFR 200.30–3(a)(12). VerDate Aug<31>2005 15:18 May 01, 2006 Jkt 208001 Culturally Significant Objects Imported for Exhibition Determinations: ‘‘Baksy Krater’’ Department of State. Notice, correction. AGENCY: ACTION: SUMMARY: On April 5, 2006, notice was published on page 17148 of the Federal Register (volume 71, number 65) of determinations made by the Department of State pertaining to the exhibition ‘‘Baksy Krater.’’ The referenced notice is corrected as to the date of the exhibition, which will be at the J. Paul Getty Museum’s Villa, Malibu, CA, from on or about June 14, 2006, until on or about September 3, 2007, and at possible additional venues yet to be determined. Public Notice of this correction is ordered to be published in the Federal Register. FOR FURTHER INFORMATION CONTACT: For further information, including a list of the exhibit objects, contact Richard Lahne, Attorney-Adviser, Office of the Legal Adviser, U.S. Department of State (telephone: (202) 453–8058). The address is U.S. Department of State, SA– 44, 301 4th Street, SW., Room 700, Washington, DC 20547–0001. Dated: April 24, 2006. Miller Crouch, Principal Deputy Assistant Secretary for Educational and Cultural Affairs, Department of State. [FR Doc. E6–6610 Filed 5–1–06; 8:45 am] BILLING CODE 4710–05–P DEPARTMENT OF STATE [Public Notice 5399] Culturally Significant Objects Imported for Exhibition Determinations: ‘‘Rubens and Brueghel: A Working Friendship’’ SUMMARY: Notice is hereby given of the following determinations: Pursuant to the authority vested in me by the Act of October 19, 1965 (79 Stat. 985; 22 U.S.C. 2459), Executive Order 12047 of March 27, 1978, the Foreign Affairs Reform and Restructuring Act of 1998 (112 Stat. 2681, et seq.; 22 U.S.C. 6501 note, et seq.), Delegation of Authority No. 234 of October 1, 1999, Delegation of Authority No. 236 of October 19, 1999, as amended, and Delegation of Authority No. 257 of April 15, 2003 [68 FR 19875], I hereby determine that the objects to be included in the exhibition ‘‘Rubens and Brueghel: A Working Friendship,’’ imported from abroad for temporary PO 00000 Frm 00069 Fmt 4703 Sfmt 4703 25879 exhibition within the United States, are of cultural significance. The objects are imported pursuant to loan agreements with the foreign owners or custodians. I also determine that the exhibition or display of the exhibit objects at The J. Paul Getty Museum, Los Angeles, CA, from on or about July 5, 2006, until on or about September 24, 2006, and at possible additional venues yet to be determined, is in the national interest. Public Notice of these Determinations is ordered to be published in the Federal Register. FOR FURTHER INFORMATION CONTACT: For further information, including a list of the exhibit objects, contact Julianne Simpson, Attorney-Adviser, Office of the Legal Adviser, U.S. Department of State (telephone: 202/453–8049). The address is U.S. Department of State, SA– 44, 301 4th Street, SW., Room 700, Washington, DC 20547–0001. Dated: April 21, 2006. C. Miller Crouch, Principal Deputy Assistant Secretary for Educational and Cultural Affairs, Department of State. [FR Doc. E6–6609 Filed 5–1–06; 8:45 am] BILLING CODE 4710–05–P DEPARTMENT OF STATE [Public Notice 5400] Bureau of Educational and Cultural Affairs (ECA) Request for Grant Proposals: FY 2006 U.S.-Russia Language, Technology, Math, and Sciences (LTMS) Teacher Program Announcement Type: New Cooperative Agreement. Funding Opportunity Number: ECA/ A/S/X–06–13. Catalog of Federal Domestic Assistance Number: 00.000. Key Dates: Application Deadline, June 5, 2006. Executive Summary: The Teacher Exchange Branch in the Office of Global Educational Programs of the Bureau of Educational and Cultural Affairs (ECA), U.S. Department of State, announces an open competition for an assistance award in the amount of $700,000 to support the FY 2006 U.S.—Russia Language, Technology, Math, and Sciences (LTMS) Teacher Program. This program provides a three- to four-week professional development program in the U.S. for secondary-level teachers from Russia, followed by a program in Russia for U.S. teachers and the Russian educators, and a series of workshops in Russia led by the Russian teachers for their colleagues. U.S. organizations meeting the provisions described in E:\FR\FM\02MYN1.SGM 02MYN1

Agencies

[Federal Register Volume 71, Number 84 (Tuesday, May 2, 2006)]
[Notices]
[Pages 25878-25879]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-6596]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-53728; File Nos. SR-NYSE-2006-13; SR-CBOE-2006-14]


Self-Regulatory Organizations; New York Stock Exchange LLC; 
Chicago Board Options Exchange, Incorporated; Notice of Extension of 
Comment Periods for the Proposed Rule Changes Relating to Customer 
Portfolio Margining Requirements

April 26, 2006.
    On March 2, 2006, the New York Stock Exchange LLC (``NYSE''), and 
on February 2, 2006, the Chicago Board Options Exchange, Incorporated 
(``CBOE''), filed with the Securities and Exchange Commission 
(``Commission'') proposed rule changes pursuant to Section 19(b)(1) of 
the Securities Exchange Act of 1934 (``Act'' or ``Exchange Act'') \1\ 
and Rule 19b-4 thereunder,\2\ that would further expand the scope of 
products that are eligible for treatment as part of their respective 
customer portfolio margin pilot programs.\3\ A complete description of 
the proposed rule changes is found in the notices of filing, which were 
published in the Federal Register on April 6, 2006.\4\ The comment 
periods expire on April 27, 2006.\5\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Exchange Act Release No. 52031 (July 14, 2005), 70 FR 
42130 (July 21, 2005) (SR-NYSE-2002-19); and Exchange Act Release 
No. 52032 (July 14, 2005), 70 FR 42130 (July 21, 2005) (SR-CBOE-
2002-03). On July 14, 2005, the Commission approved on a pilot basis 
expiring July 31, 2007, amendments to NYSE Rule 431 and CBOE Rule 
12.4 to permit the use of customer portfolio margining for certain 
specified products (e.g., listed, broad-based U.S. index options and 
warrants, along with any underlying instruments), as an alternative 
to the strategy based margin requirements required by the NYSE's and 
CBOE's margin rules.
    \4\ See Exchange Act Release No. 53576 (March 30, 2006), 71 FR 
17519 (April 6, 2006) (SR-CBOE-2006-14); and Exchange Act Release 
No. 53577 (March 30, 2006), 71 FR 17539 (April 6, 2006) (SR-NYSE-
2006-13).
    \5\ Id.
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    In response to requests to extend the comment periods, and to give 
the public additional time to comment on the proposed rule changes, the 
Commission has decided to extend the comment periods pursuant to 
Section 19(b)(2) of the Act.\6\ Accordingly, the comment periods shall 
be extended until May 11, 2006.
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    \6\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------

    Interested persons are invited to submit written data, views, and 
arguments concerning the foregoing, including whether the proposed rule 
change is consistent with the Exchange Act. Comments may be submitted 
by any of the following methods:

[[Page 25879]]

Electronic Comments

     Use the Commission's Internet comment form (http://
www.sec.gov/rules/sro.shtml); or
     Send e-mail to rule-comments@sec.gov. Please include File 
Number SR-NYSE-2006-13 or SR-CBOE-2006-14 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-NYSE-2006-13 or SR-
CBOE-2006-14. 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 (http://
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 NYSE or CBOE. 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 
submission should refer to File Number SR-NYSE-2006-13 or SR-CBOE-2006-
14 and should be submitted on or before May 11, 2006.

    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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Nancy M. Morris,
Secretary.
[FR Doc. E6-6596 Filed 5-1-06; 8:45 am]
BILLING CODE 8010-01-P