Self-Regulatory Organizations; International Securities Exchange, Inc.; Notice of Filing of Proposed Rule Change, and Amendment No. 1 Thereto, To Increase the Linkage Inbound Principal Order Fee, 38917-38918 [E6-10682]

Download as PDF Federal Register / Vol. 71, No. 131 / Monday, July 10, 2006 / Notices one other national securities exchange in doing so. 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. C. Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants or Others No written comments were either solicited or received. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Within 35 days of the date of publication of this notice in the Federal Register or within such longer period (i) as the Commission may designate up to 90 days of such date if it finds such longer period to be appropriate and publishes its reasons for so finding or (ii) as to which the Exchange consents, the Commission will: (A) By order approve such proposed rule change, or (B) Institute proceedings to determine whether the proposed rule change should be disapproved. IV. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule change, as amended, is consistent with the Act. Comments may be submitted by any of the following methods: 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–CHX–2006–22 and should be submitted on or before July 25, 2006. For the Commission, by the Division of Market Regulation, pursuant to delegated authority.14 Nancy M. Morris, Secretary. [FR Doc. E6–10714 Filed 7–7–06; 8:45 am] BILLING CODE 8010–01–P sroberts on PROD1PC70 with NOTICES The Exchange proposes to amend its Schedule of Fees to change the Linkage Inbound Principal Order (‘‘P Order’’) fee. The text of the proposed rule change is available at the Commission’s Public Reference Room, at the Exchange and at the Exchange’s Web site (http:// www.iseoptions.com/legal/ proposed_rule_changes.asp). 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 Exchange included statements concerning the purpose of, and basis for, the proposed rule change as amended and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B and C below, of the most significant aspects of such statements. [Release No. 34–54074; File No. SR–ISE– 2006–30] 1. Purpose • 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 Number SR–CHX–2006–22 on the subject line. June 30, 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 June 5, Paper Comments 2006, the International Securities • Send paper comments in triplicate Exchange, Inc. (‘‘ISE’’ or ‘‘Exchange’’) to Nancy M. Morris, Secretary, filed with the Securities and Exchange Securities and Exchange Commission, Commission (‘‘Commission’’) the 100 F Street, NE., Washington, DC proposed rule change as described in 20549–1090. Items I, II, and III below, which items All submissions should refer to File have been prepared by the ISE. On June Number SR–CHX–2006–22. This file 29, 2006, the Exchange filed number should be included on the Amendment No. 1 to the proposed rule subject line if e-mail is used. To help the change.3 The Commission is publishing Commission process and review your this notice to solicit comments on the comments more efficiently, please use only one method. The Commission will 14 17 CFR 200.30–3(a)(12). post all comments on the Commission’s 1 15 U.S.C. 78s(b)(1). Internet Web site (http://www.sec.gov/ 2 17 CFR 240.19b–4. rules/sro.shtml). Copies of the 3 In Amendment No. 1, the Exchange proposed to delete certain language in its Schedule of Fees. submission, all subsequent Jkt 208001 I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change Electronic Comments 17:10 Jul 07, 2006 proposed rule change, as amended, from interested persons. SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; International Securities Exchange, Inc.; Notice of Filing of Proposed Rule Change, and Amendment No. 1 Thereto, To Increase the Linkage Inbound Principal Order Fee VerDate Aug<31>2005 38917 PO 00000 Frm 00076 Fmt 4703 Sfmt 4703 The Exchange proposes to amend its Schedule of Fees to increase from $0.15 to $0.24, per contract, the P Order fee for orders sent to the Exchange via the Intermarket Options Linkage pursuant to the Plan for the Purpose of Creating and Operating an Intermarket Option Linkage (‘‘Plan’’).4 This proposed rule change will remain in effect as part of an existing pilot program, which is scheduled to expire on July 31, 2006.5 Additionally, in order to implement this proposed rule change, the Exchange is creating two new line items in its Schedule of Fees: one for Linkage P Orders and one for Linkage P/A Orders.6 4 See Exchange Act Release No. 43086 (July 28, 2000), 65 FR 48023 (August 4, 2000) (order approving the Plan and ISE as a participant in the Plan). 5 Fees for Linkage P and P/A Orders are currently subject to a pilot program scheduled to expire on July 31, 2006. See Exchange Act Release No. 52168 (July 29, 2005), 70 FR 45454 (August 5, 2005) (SR– ISE–2005–32). 6 The fee for Linkage P/A Orders is not subject to change pursuant to this filing, and would remain at $0.15 per contract. As before, (1) both Linkage P and Linkage P/A Orders shall remain subject to a comparison fee of $0.03 per contract, and (2) Satisfaction Orders are excluded from these fees. E:\FR\FM\10JYN1.SGM 10JYN1 38918 Federal Register / Vol. 71, No. 131 / Monday, July 10, 2006 / Notices Both these fees are currently found in the Schedule of Fees under the Firm Proprietary line item. 2. Statutory Basis The Exchange states that the basis for this proposed rule change is the requirement under section 6(b)(4) of the Act,7 which requires that an exchange have an equitable allocation of reasonable dues, fees and other charges among its members and other persons using its facilities. B. Self-Regulatory Organization’s Statement on Burden on Competition The Exchange believes that the proposed rule change would not 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 written comments from members or other interested parties. III. Date of Effectiveness of the Proposed Rule and Timing for Commission Action Within 35 days of the date of publication of this notice in the Federal Register or within such longer period (i) as the Commission may designate up to 90 days of such date if it finds such longer period to be appropriate and publishes its reasons for so finding or (ii) as to which the self-regulatory organization consents, the Commission will: (A) By order approve such proposed rule change; or (B) Institute proceedings to determine whether the proposed rule change should be disapproved. IV. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule change, as amended, is consistent with the Act. Comments may be submitted by any of the following methods: No. SR–ISE–2006–30 on the subject line. SECURITIES AND EXCHANGE COMMISSION Paper Comments [Release No. 34–54087; File No. SR–ISE– 2005–60] • Send paper comments in triplicate to Nancy M. Morris, Secretary, Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549–1090. Self-Regulatory Organizations; International Securities Exchange, Inc.; Order Approving Proposed Rule Change and Amendment Nos. 1 and 2 Thereto and Notice of Filing and Order All submissions should refer to File Granting Accelerated Approval to Number SR–ISE–2006–30. This file Amendment No. 3 Thereto Relating to number should be included on the the Criteria for Securities That Underlie subject line if e-mail is used. To help the Options Traded on the Exchange Commission process and review your June 30, 2006. comments more efficiently, please use only one method. The Commission will I. Introduction post all comments on the Commission’s On December 14, 2005, the Internet Web site (http://www.sec.gov/ International Securities Exchange, Inc. rules/sro.shtml). Copies of the (‘‘Exchange’’ or ‘‘ISE’’) filed with the submission, all subsequent Securities and Exchange Commission amendments, all written statements (‘‘Commission’’), pursuant to Section with respect to the proposed rule 19(b)(1) of the Securities Exchange Act change that are filed with the of 1934 (the ‘‘Act’’),1 and Rule 19b–4 Commission, and all written thereunder,2 a proposed rule change to communications relating to the enable the listing and trading on the proposed rule change between the Exchange of options on shares or other Commission and any person, other than securities (‘‘Fund Shares’’) that hold specified non-U.S. currency. The ISE those that may be withheld from the filed Amendment No. 1 to the proposed public in accordance with the rule change on May 5, 2006.3 The ISE provisions of 5 U.S.C. 552, will be filed Amendment No. 2 to the proposed available for inspection and copying in rule change on May 9, 2006.4 The the Commission’s Public Reference Room. Copies of such filing also will be proposed rule change, as amended, was published for comment in the Federal available for inspection and copying at Register on May 16, 2006.5 The the principal office of the ISE. All Commission received no comments on comments received will be posted the proposal. On June 28, 2006, the without change; the Commission does Exchange filed Amendment No. 3 to the not edit personal identifying proposed rule change.6 This order information from submissions. You approves the proposed rule change, as should submit only information that amended, grants accelerated approval to you wish to make available publicly. All Amendment No. 3 to the proposed rule submissions should refer to File change, and solicits comments from Number SR–ISE–2006–30 and should be interested persons on Amendment No. submitted on or before July 31, 2006. 3. For the Commission, by the Division of Market Regulation, pursuant to delegated authority.8 Nancy M. Morris, Secretary. [FR Doc. E6–10682 Filed 7–7–06; 8:45 am] BILLING CODE 8010–01–P sroberts on PROD1PC70 with NOTICES VerDate Aug<31>2005 17:10 Jul 07, 2006 8 17 Jkt 208001 PO 00000 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 Amendment No. 1 replaced the original filing in its entirety. 4 Amendment No. 2 replaced the text of proposed ISE Rules 408(a) and 807(a) in their entirety. 5 See Securities Exchange Act Release No. 53783 (May 10, 2006), 71 FR 28394 (‘‘Notice’’). 6 In Amendment No. 3, which supplemented the proposal as noticed, the Exchange amended ISE Rule 503(h)(3) to clarify that the Exchange will consider the suspension of opening transactions with respect to a Fund Share if, inter alia, the value of the non-U.S. currency on which the Fund Shares are based is no longer calculated or available. 2 17 • 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 U.S.C. 78f(b)(4). The Exchange proposes to amend ISE Rules 408(a), 502(h), 807(a), and 1400 to enable the initial and continued listing and trading on the Exchange of options on Fund Shares that represent interests 1 15 Electronic Comments 7 15 II. Description of the Proposed Rule Change CFR 200.30–3(a)(12). Frm 00077 Fmt 4703 Sfmt 4703 E:\FR\FM\10JYN1.SGM 10JYN1

Agencies

[Federal Register Volume 71, Number 131 (Monday, July 10, 2006)]
[Notices]
[Pages 38917-38918]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-10682]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-54074; File No. SR-ISE-2006-30]


Self-Regulatory Organizations; International Securities Exchange, 
Inc.; Notice of Filing of Proposed Rule Change, and Amendment No. 1 
Thereto, To Increase the Linkage Inbound Principal Order Fee

June 30, 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 June 5, 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. On June 29, 
2006, the Exchange filed Amendment No. 1 to the proposed rule 
change.\3\ The Commission is publishing this notice to solicit comments 
on the proposed rule change, as amended, from interested persons.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ In Amendment No. 1, the Exchange proposed to delete certain 
language in its Schedule of Fees.
---------------------------------------------------------------------------

I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The Exchange proposes to amend its Schedule of Fees to change the 
Linkage Inbound Principal Order (``P Order'') fee. The text of the 
proposed rule change is available at the Commission's Public Reference 
Room, at the Exchange and at the Exchange's Web site (http://
www.iseoptions.com/legal/proposed_rule_changes.asp).

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 Exchange included statements 
concerning the purpose of, and basis for, the proposed rule change as 
amended and discussed any comments it received on the proposed rule 
change. The text of these statements may be examined at the places 
specified in Item IV below. The Exchange 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 Exchange proposes to amend its Schedule of Fees to increase 
from $0.15 to $0.24, per contract, the P Order fee for orders sent to 
the Exchange via the Intermarket Options Linkage pursuant to the Plan 
for the Purpose of Creating and Operating an Intermarket Option Linkage 
(``Plan'').\4\ This proposed rule change will remain in effect as part 
of an existing pilot program, which is scheduled to expire on July 31, 
2006.\5\ Additionally, in order to implement this proposed rule change, 
the Exchange is creating two new line items in its Schedule of Fees: 
one for Linkage P Orders and one for Linkage P/A Orders.\6\

[[Page 38918]]

Both these fees are currently found in the Schedule of Fees under the 
Firm Proprietary line item.
---------------------------------------------------------------------------

    \4\ See Exchange Act Release No. 43086 (July 28, 2000), 65 FR 
48023 (August 4, 2000) (order approving the Plan and ISE as a 
participant in the Plan).
    \5\ Fees for Linkage P and P/A Orders are currently subject to a 
pilot program scheduled to expire on July 31, 2006. See Exchange Act 
Release No. 52168 (July 29, 2005), 70 FR 45454 (August 5, 2005) (SR-
ISE-2005-32).
    \6\ The fee for Linkage P/A Orders is not subject to change 
pursuant to this filing, and would remain at $0.15 per contract. As 
before, (1) both Linkage P and Linkage P/A Orders shall remain 
subject to a comparison fee of $0.03 per contract, and (2) 
Satisfaction Orders are excluded from these fees.
---------------------------------------------------------------------------

2. Statutory Basis
    The Exchange states that the basis for this proposed rule change is 
the requirement under section 6(b)(4) of the Act,\7\ which requires 
that an exchange have an equitable allocation of reasonable dues, fees 
and other charges among its members and other persons using its 
facilities.
---------------------------------------------------------------------------

    \7\ 15 U.S.C. 78f(b)(4).
---------------------------------------------------------------------------

B. Self-Regulatory Organization's Statement on Burden on Competition

    The Exchange believes that the proposed rule change would not 
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 written comments from members or other interested parties.

III. Date of Effectiveness of the Proposed Rule and Timing for 
Commission Action

    Within 35 days of the date of publication of this notice in the 
Federal Register or within such longer period (i) as the Commission may 
designate up to 90 days of such date if it finds such longer period to 
be appropriate and publishes its reasons for so finding or (ii) as to 
which the self-regulatory organization consents, the Commission will:
    (A) By order approve such proposed rule change; or
    (B) Institute proceedings to determine whether the proposed rule 
change should be disapproved.

IV. Solicitation of Comments

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

Electronic Comments

     Use the Commission's Internet comment form (http://
www.sec.gov/rules/sro.shtml); or
     Send an e-mail to rule-comments@sec.gov. Please include 
File No. SR-ISE-2006-30 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-ISE-2006-30. 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 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-2006-30 and should be submitted on or before July 
31, 2006.
---------------------------------------------------------------------------

    \8\ 17 CFR 200.30-3(a)(12).

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\8\
Nancy M. Morris,
Secretary.
[FR Doc. E6-10682 Filed 7-7-06; 8:45 am]
BILLING CODE 8010-01-P