Self-Regulatory Organizations; Boston Stock Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Correction of Erroneous Cross References in the Rules of the Boston Options Exchange Facility, 29370-29371 [E6-7719]
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29370
Federal Register / Vol. 71, No. 98 / Monday, May 22, 2006 / Notices
Frequency of Use: Once per major
sponsor, per project.
Type of Respondents: Business or
other institutions.
Standard Industrial Classification
Codes: All.
Description of Affected Public: U.S.
Companies sponsoring projects
overseas.
Reporting Hours: 5 hours per project.
Number of Responses: 300 per year.
Federal Cost: $66,000 per year.
Authority for Information Collection:
Sections 231, 234(b), and (c) of the
Foreign Assistance Act of 1961, as
amended.
Abstract (Needs and Uses): The OPIC
129 form is the principal document
used by OPIC to determine the
investor’s and project’s eligibility, assess
the environmental impact and
developmental effects of the project,
measure the economic effects for the
United States and the host country
economy, and collect information for
underwriting analysis.
the Commission. The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons.
Act,6 in particular, in that it is designed
to promote just and equitable principles
of trade, and to protect investors and the
public interest.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
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.
Dated: May 16, 2006.
Eli Landy,
Senior Counsel for Administrative Law,
Department of Legal Affairs.
[FR Doc. 06–4708 Filed 5–19–06; 8:45 am]
In its filing with the Commission, the
BSE 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 BSE has prepared
summaries, set forth in Sections A, B,
and C below, of the most significant
aspects of such statements.
BILLING CODE 3210–01–M
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–53809; File No. SR–BSE–
2006–13]
Self-Regulatory Organizations; Boston
Stock Exchange, Inc.; Notice of Filing
and Immediate Effectiveness of
Proposed Rule Change Relating to
Correction of Erroneous Cross
References in the Rules of the Boston
Options Exchange Facility
cchase on PROD1PC60 with NOTICES
May 16, 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 24,
2006, the Boston Stock Exchange, Inc.
(‘‘BSE’’ 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 BSE. The BSE has filed
the proposed rule change pursuant to
section 19(b)(3)(A) of the Act 3 and Rule
19b–4(f)(1) thereunder,4 which renders
the proposal effective upon filing with
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A).
4 17 CFR 240.19b–4(f)(1)
2 17
VerDate Aug<31>2005
20:16 May 19, 2006
The Exchange proposes to amend
Section 20 (Obvious Errors) of Chapter
V, Section 10 (Limitations on Dealings)
and Section 11 (Short Sales in Nasdaq
National Market Securities) of Chapter
VI, and Section 2 (Penalty for Rule
Violations) of Chapter X of the Rules of
the Boston Options Exchange (‘‘BOX’’)
to correct erroneous cross references.
The text of the proposed rule change is
available on the Exchange’s Internet
Web site (https://bostonstock.com), at the
principal office of the BSE, and at the
Commission’s Public Reference Room.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
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 comments on the proposed
rule change.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
Because the foregoing proposed rule
change constitutes a stated policy,
practice, or interpretation with respect
to the meaning, administration, or
enforcement of an existing rule, it has
become effective pursuant to section
19(b)(3)(A) of the Act 7 and Rule 19b–
4(f)(1) 8 thereunder. At any time within
60 days of the filing of the proposed rule
change the Commission may summarily
abrogate such proposed 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.
1. Purpose
The BSE is proposing several changes
in Section 20 (Obvious Errors) of
Chapter V, Section 10 (Limitations on
Dealings) and Section 11 (Short Sales in
Nasdaq National Market Securities) of
Chapter VI, and Section 2 (Penalty for
Rule Violations) of Chapter X of the
BOX Rules. These rule sections contain
erroneous cross references to both BSE
and BOX Rules. The Exchange proposes
to correct these cross references to
reflect the correct corresponding rule(s)
of the BOX or BSE Rules so that the
Exchange’s rules are accurate,
comprehendible, and transparent to the
marketplace.
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 SR–
BSE–2006–13 on the subject line.
2. Statutory Basis
The Exchange believes that the
proposal is consistent with the
requirements of section 6(b) of the Act,5
in general, and section 6(b)(5) of the
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–BSE–2006–13. This file
6 15
U.S.C. 78f(b)(5).
U.S.C. 78s(b)(3)(A).
8 17 CFR 19b–4(f)(1).
7 15
5 15
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U.S.C. 78f(b).
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22MYN1
Federal Register / Vol. 71, No. 98 / Monday, May 22, 2006 / Notices
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 the 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–BSE–2006–13 and should
be submitted on or before June 12, 2006.
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.9
Jill M. Peterson,
Assistant Secretary.
[FR Doc. E6–7719 Filed 5–19–06; 8:45 am]
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Doing Business on the Exchange Floor
(Rules 6.1–6.85)
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Section C: Trading Practices and
Procedures
[Release No. 34–53808; File No. SR–CBOE–
2006–33]
Self-Regulatory Organizations;
Chicago Board Options Exchange,
Incorporated; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change Relating to
Accommodation Liquidations (Cabinet
Trades)
May 16, 2006.
cchase on PROD1PC60 with NOTICES
Chicago Board Options Exchange,
Incorporated Rules
Chapter VI
SECURITIES AND EXCHANGE
COMMISSION
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 May 4,
2006, the Chicago Board Options
Exchange, Incorporated (‘‘Exchange’’ or
‘‘CBOE’’) filed with the Securities and
Exchange Commission (‘‘Commission’’)
the proposed rule change as described
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*
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Rule 6.54. Accommodation Liquidations
(Cabinet Trades)
Cabinet t[T]rading under the
following terms and conditions shall be
available in each series of option
contracts open for trading on the
Exchange.
(a) For classes not trading on the
CBOE Hybrid System:
(i) Trading shall be conducted in
accordance with other CBOE Rules
except as otherwise provided herein.
(ii) Limit orders labeled at a price of
$1 per option contract must be placed
with the Order Book Official or with a
Floor Broker.
(iii) Orders may be placed for
customer, firm, and Market-Maker
3 15
U.S.C. 78s(b)(3)(A)(iii).
CFR 240.19b–4(f)(6).
5 Accommodation liquidations are transactions to
close out positions in worthless or nearly worthless
out-of-the-money option contracts.
4 17
9 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
1 15
20:16 May 19, 2006
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to amend the
provisions of CBOE Rule 6.54 that
pertain to accommodation liquidations
(also referred to as ‘‘cabinet trades’’) 5 to
authorize PAR Officials and Floor
Brokers to represent cabinet orders on
the Exchange. The Exchange is also
proposing various other non-substantive
changes to reorganize and update the
existing text in CBOE Rule 6.54 and to
update references in the heading of
Chapter VII of the CBOE rulebook and
CBOE Rule 7.4. The text of the proposed
rule change is set forth below. Additions
are in italics and deletions are in
[brackets].
*
*
*
*
*
*
BILLING CODE 8010–01–P
VerDate Aug<31>2005
in Items I and II below, which Items
have been prepared by the Exchange.
CBOE has designated this proposal as
non-controversial under section
19(b)(3)(A)(iii) of the Act 3 and Rule
19b–4(f)(6) thereunder,4 which renders
the proposed rule change effective upon
filing with the Commission. The
Commission is publishing this notice to
solicit comments on the proposed rule
change from interested persons.
Jkt 208001
PO 00000
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29371
accounts and, to the extent such orders
are placed with the Order Book Official,
priority in the cabinet book will be
based upon the sequence in which such
orders are placed with the Order Book
Official.
[(iii)](iv) Bids or offers for opening
transactions at a price of $1 per option
contract may be placed with the Order
Book Official only to the extent that the
[public order book] cabinet book
contains unexecuted contra closing
orders with which the opening orders
immediately may be matched. Bids and
offers at a price of $1 per option
contract may also be provided in
response to a request for quote by an
Order Book Official or a Floor Broker,
but must yield priority to all orders in
the cabinet book.
[(iv) Orders may be placed for
customer, firm, and Market-Maker
accounts, with priority based upon the
sequence in which such orders are
placed with the Order Book Official.]
(v) Market-Makers shall not be subject
to the requirements of Rule 8.7 for
orders placed pursuant to this Rule.
(vi) The Order Book Official
appointed to each class of option
contracts shall be responsible for $1
orders that are placed with him for that
class. All bids and offers that are
submitted to the Order Book Official
must be submitted to the Order Book
Official in writing and displayed as
such in accordance with Rule 7.7, and
the Order Book Official shall effect [all
such] transactions during the day by
matching such orders placed with him
or by executing such orders placed with
him with a Floor Broker representing a
contra order.
(vii) All cabinet transactions at a price
of $1 per option contract shall be
reported to the Exchange following the
close of each business day.
(b) For classes trading on the CBOE
Hybrid System:
(i) Trading shall be conducted in
accordance with other CBOE Rules
except as otherwise provided herein.
(ii) Limit orders labeled at a price of
$1 per option contract must be traded
on the Exchange in a form and manner
prescribed by the Exchange. Currently,
accommodation liquidations are only
eligible for Exchange trading via open
outcry and hence are not eligible for
placement into the Electronic Book.
. . . Interpretations and Policies
.01 Order Book Official: An Order
Book Official who receives a closing buy
(sell) order for $1 per option contract
shall attempt to execute the order
against any $1 closing sell (buy) orders
in his possession. If any part of the buy
(sell) order cannot be immediately
E:\FR\FM\22MYN1.SGM
22MYN1
]]>Agencies
[Federal Register Volume 71, Number 98 (Monday, May 22, 2006)]
[Notices]
[Pages 29370-29371]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-7719]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-53809; File No. SR-BSE-2006-13]
Self-Regulatory Organizations; Boston Stock Exchange, Inc.;
Notice of Filing and Immediate Effectiveness of Proposed Rule Change
Relating to Correction of Erroneous Cross References in the Rules of
the Boston Options Exchange Facility
May 16, 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 24, 2006, the Boston Stock Exchange, Inc. (``BSE'' 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 BSE. The BSE has
filed the proposed rule change pursuant to section 19(b)(3)(A) of the
Act \3\ and Rule 19b-4(f)(1) 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 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 Exchange proposes to amend Section 20 (Obvious Errors) of
Chapter V, Section 10 (Limitations on Dealings) and Section 11 (Short
Sales in Nasdaq National Market Securities) of Chapter VI, and Section
2 (Penalty for Rule Violations) of Chapter X of the Rules of the Boston
Options Exchange (``BOX'') to correct erroneous cross references. The
text of the proposed rule change is available on the Exchange's
Internet Web site (https://bostonstock.com), at the principal office of
the BSE, and at the Commission's Public Reference Room.
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 BSE 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 BSE 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 BSE is proposing several changes in Section 20 (Obvious Errors)
of Chapter V, Section 10 (Limitations on Dealings) and Section 11
(Short Sales in Nasdaq National Market Securities) of Chapter VI, and
Section 2 (Penalty for Rule Violations) of Chapter X of the BOX Rules.
These rule sections contain erroneous cross references to both BSE and
BOX Rules. The Exchange proposes to correct these cross references to
reflect the correct corresponding rule(s) of the BOX or BSE Rules so
that the Exchange's rules are accurate, comprehendible, and transparent
to the marketplace.
2. Statutory Basis
The Exchange believes that the proposal is consistent with the
requirements of section 6(b) of the Act,\5\ in general, and section
6(b)(5) of the Act,\6\ in particular, in that it is designed to promote
just and equitable principles of trade, and to protect investors and
the public interest.
---------------------------------------------------------------------------
\5\ 15 U.S.C. 78f(b).
\6\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
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 neither solicited nor received comments on the
proposed rule change.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
Because the foregoing proposed rule change constitutes a stated
policy, practice, or interpretation with respect to the meaning,
administration, or enforcement of an existing rule, it has become
effective pursuant to section 19(b)(3)(A) of the Act \7\ and Rule 19b-
4(f)(1) \8\ thereunder. At any time within 60 days of the filing of the
proposed rule change the Commission may summarily abrogate such
proposed 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.
---------------------------------------------------------------------------
\7\ 15 U.S.C. 78s(b)(3)(A).
\8\ 17 CFR 19b-4(f)(1).
---------------------------------------------------------------------------
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
SR-BSE-2006-13 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-BSE-2006-13. This file
[[Page 29371]]
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 the 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-BSE-2006-13 and should be submitted on or before June 12, 2006.
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\9\
---------------------------------------------------------------------------
\9\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Jill M. Peterson,
Assistant Secretary.
[FR Doc. E6-7719 Filed 5-19-06; 8:45 am]
BILLING CODE 8010-01-P
