Self-Regulatory Organizations; International Securities Exchange, Inc.; Order Approving a Proposed Rule Change, and Amendment No. 1 Thereto, Increasing the Linkage Inbound Principal Order Fee, 46946-46947 [E6-13334]

Download as PDF 46946 Federal Register / Vol. 71, No. 157 / Tuesday, August 15, 2006 / Notices that each containment spray nozzle is unobstructed. The frequency is changed from ‘‘10 years’’ to ‘‘following maintenance which could result in nozzle blockage.’’ Date of issuance: July 31, 2006. Effective date: As of the date of issuance to be implemented within 60 days. Amendment No.: 99. Renewed Facility Operating License No. DPR–18: Amendment revised the Technical Specifications and the License. Date of initial notice in Federal Register: January 3, 2006 (71 FR 154). The Commission’s related evaluation of the amendment is contained in a Safety Evaluation dated July 31, 2006. No significant hazards consideration comments received: No. Tennessee Valley Authority, Docket No. 50–259 Browns Ferry Nuclear Plant, Unit 1, Limestone County, Alabama Date of application for amendment: December 6, 2004 (TS 428) as supplemented by letter dated June 16, 2005. Brief description of amendment: The amendment revised the reactor vessel Pressure-Temperature curves depicted in the Technical Specification (TS) Figure 3.4.9–1 and adds a new TS Figure 3.4.9–2. Date of issuance: July 26, 2006. Effective date: As of the date of issuance and shall be implemented within 60 days of issuance. Amendment No.: 256. Facility Operating License No. DPR– 33: Amendment revised the TS. Date of initial notice in Federal Register: January 18, 2005 (70 FR 2899). The supplement dated June 16, 2005, provided additional information that clarified the application, did not expand the scope of the application as originally noticed, and did not change the staff’s original proposed no significant hazards consideration determination as published in the Federal Register. The Commission’s related evaluation of the amendment is contained in a Safety Evaluation dated July 26, 2006. No significant hazards consideration comments received: No. Specification Surveillance Requirements to increase the minimum required average ice basket weight, thus, increasing the corresponding total weight of the stored ice in the WBN ice condenser. The changes to the ice basket and total ice weights are due to the additional energy associated with the Replacement Steam Generators. Date of issuance: July 25, 2006. Effective date: As of the date of issuance and shall be implemented prior to Mode 4 at startup to begin Cycle 8 fuel cycle. Amendment No. 62. Facility Operating License No. NPF– 90: Amendment revises the Technical Specifications. Date of initial notice in Federal Register: February 14, 2006 (71 FR 7814). The supplemental letter provided clarifying information that was within the scope of the initial notice and did not change the initial proposed no significant hazards consideration determination. The Commission’s related evaluation of the amendment is contained in a Safety Evaluation dated July 25, 2006. No significant hazards consideration comments received: No. in TS 5.65.b, ‘‘Core Operating Limits Report (COLR),’’ to permit the use of an alternate methodology to perform a thermal-hydraulic analysis to predict the critical heat flux and departure from nucleate boiling ratio for the AREVA Advanced Mark-BW fuel in the North Anna 1 and 2 cores. Date of issuance: July 21, 2006. Effective date: As of the date of issuance and shall be implemented within 60 days from the date of issuance. Amendment Nos.: 247, 227. Renewed Facility Operating License Nos. NPF–4 and NPF–7: Amendments changed the Licenses and the TSs. Date of initial notice in Federal Register: August 16, 2005 (70 FR 48208). The supplements dated March 30, April 13, and May 11, 2006, contained clarifying information only and did not change the initial no significant hazards consideration determination or expand the scope of the initial application. The Commission’s related evaluation of the amendments is contained in a Safety Evaluation dated July 21, 2006. No significant hazards consideration comments received: No. Union Electric Company, Docket No. 50–483, Callaway Plant, Unit 1, Callaway County, Missouri Dated at Rockville, Maryland, this 8th day of August, 2006. For the Nuclear Regulatory Commission. Catherine Haney, Director, Division of Operating Reactor Licensing, Office of Nuclear Reactor Regulation. [FR Doc. 06–6921 Filed 8–14–06; 8:45 am] Date of application for amendment: March 28, 2006. Brief description of amendment: The amendment revised Technical Specification 5.0, ‘‘Administrative Controls,’’ by changing a position title and department name. Date of issuance: July 11, 2006. Effective date: As of its date of issuance, and shall be implemented within 90 days of the date of issuance. Amendment No.: 173. Facility Operating License No. NPF– 30: The amendment revised the Technical Specifications. Date of initial notice in Federal Register: May 9, 2006 (71 FR 27005). The Commission’s related evaluation of the amendment is contained in a Safety Evaluation dated July 11, 2006. No significant hazards consideration comments received: No. mstockstill on PROD1PC61 with NOTICES Tennessee Valley Authority, Docket No. 50–390, Watts Bar Nuclear Plant, Unit 1, Rhea County, Tennessee Virginia Electric and Power Company, Docket Nos. 50–338 and 50–339, North Anna Power Station, Units 1 and 2, Louisa County, Virginia Date of application for amendment: December 15, 2005 (TS–05–09), as supplemented by letter dated June 7, 2006. Brief description of amendment: The amendment revises the Watts Bar Nuclear Plant (WBN) Technical Date of application for amendment: July 5, 2005, as supplemented by letters dated March 30, April 13, and May 11, 2006. Brief description of amendment: The amendments revised the Technical Specifications (TSs) to add a reference VerDate Aug<31>2005 15:41 Aug 14, 2006 Jkt 208001 PO 00000 Frm 00058 Fmt 4703 Sfmt 4703 BILLING CODE 7590–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–54296; File No. SR–ISE– 2006–30] Self-Regulatory Organizations; International Securities Exchange, Inc.; Order Approving a Proposed Rule Change, and Amendment No. 1 Thereto, Increasing the Linkage Inbound Principal Order Fee August 9, 2006. On June 5, 2006, the International Securities Exchange, Inc. (‘‘ISE’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a proposed rule change to amend its Schedule of Fees in the manner described below. On June 29, 1 15 2 17 E:\FR\FM\15AUN1.SGM U.S.C. 78s(b)(1). CFR 240.19b–4. 15AUN1 Federal Register / Vol. 71, No. 157 / Tuesday, August 15, 2006 / Notices 2006, the Exchange filed Amendment No. 1 to the proposed rule change.3 The proposed rule change, as modified by Amendment No. 1, was published for comment in the Federal Register on July 10, 2006.4 The Commission received no comments on the proposal. This order approves the proposed rule change, as amended. The Exchange proposes to amend its Schedule of Fees to increase the Linkage Inbound Principal Order fee from $.15 per contract to $.24 per contract. This proposed rule change will remain in effect as part of an existing pilot program, which is scheduled to expire on July 31, 2007.5 The Commission has reviewed carefully the proposed rule change as amended and finds that it is consistent with the requirements of the Act and the rules and regulations thereunder applicable to a national securities exchange.6 In particular, the Commission finds that the proposed rule change is consistent with 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. The Commission notes that the proposed fee is similar to the one established by the Philadelphia Stock Exchange, Inc. earlier this year.8 It is therefore ordered, pursuant to section 19(b)(2) of the Act,9 that the proposed rule change (SR–ISE–2006–30) as amended be, and hereby is approved. For the Commission, by the Division of Market Regulation, pursuant to delegated authority.10 Nancy M. Morris, Secretary. [FR Doc. E6–13334 Filed 8–14–06; 8:45 am] mstockstill on PROD1PC61 with NOTICES BILLING CODE 8010–01–P 3 Amendment No. 1 is described in Securities Exchange Act Release No. 54074 (June 30, 2006), 71 FR 38917 (July 10, 2006). 4 See id. 5 See Securities Exchange Act Release No. 54204 (July 25, 2006), 71 FR 43548 (August 1, 2006) (SR– ISE–2006–38) (extending the expiration date of the pilot program from July 31, 2006 to July 31, 2007). 6 In approving this proposed rule change, the Commission notes that it has considered the proposed rule’s impact on efficiency, competition and capital formation. See 15 U.S.C. 78c(f). 7 15 U.S.C. 78f(b)(4). 8 See Securities Exchange Act Release No. 53650 (April 13, 2006), 71 FR 20430 (April 20, 2006) (SR– Phlx–2006–22) (increasing the fee for inbound P Orders sent via the Linkage from $.15 per option contract to $.25 per option contract). 9 15 U.S.C. 78s(b)(2). 10 17 CFR 200.30–3(a)(12). VerDate Aug<31>2005 15:41 Aug 14, 2006 Jkt 208001 SECURITIES AND EXCHANGE COMMISSION [Release No. 34–54287; File No. SR–ISE– 2006–48] Self-Regulatory Organizations; International Securities Exchange, Inc.; Notice of Filing of Proposed Rule Change Relating to the Adoption of Rules To Govern its Electronic Trading System for Equities August 8, 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 August 4, 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 Exchange. 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 ISE proposes to adopt rules and amend existing ISE rules to govern its new electronic trading system for equities, the ISE Stock Exchange, LLC (‘‘ISE Stock Exchange’’), which will be an equity exchange facility of the ISE. In addition, the ISE proposes to apply certain of its options rules to the trading of equity securities on the ISE Stock Exchange. The proposed rules address the electronic trading of equities under Regulation NMS under the Act, and the rules and regulations thereunder. The text of the proposed rules is available on the Commission’s Web site at http:// www.sec.gov (under Self-Regulatory Organization Rulemaking and National Market System Plans), on the ISE Web site at http://www.iseoptions.com, at the principal office of the Exchange, 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 Exchange included statements concerning the purpose of, and basis for, the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the 11 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 2 17 PO 00000 Frm 00059 Fmt 4703 Sfmt 4703 46947 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 Background. The Exchange is proposing to adopt a series of rules in connection with its ISE Stock Exchange. The ISE Stock Exchange consists of a new electronic trading system developed to trade equities (‘‘System’’), which will be a facility of the ISE. The System will provide for the electronic execution and display of orders as well as a midpoint matching system. The class of members who will be eligible to trade on the ISE Stock Exchange are electronic access members (‘‘EAMs’’) that the ISE specifically authorizes to trade in the System (‘‘Equity EAMs’’). Orders will be ranked in price-time priority regardless of the identity of the entering Equity EAM. Executions on the ISE Stock Exchange will take place automatically and immediately upon order entry if trading interest is available. The System will provide a routing service for orders when trading interest is not present on the ISE Stock Exchange. The ISE Stock Exchange will not have any market makers, only Equity EAMs who will provide liquidity to the Exchange. The ISE Stock Exchange will be an order-driven marketplace. There will be no market makers that are required to provide quotes. The proposed rules incorporate the trade-through rule of Regulation NMS 3 by requiring that, for any execution to occur on the Exchange during regular trading hours,4 the price must be equal to, or better than, any ‘‘protected quotation’’ within the meaning of Regulation NMS (‘‘Protected Bid or Protected Offer’’), unless an exception to Rule 611 of Regulation NMS is available.5 ISE Stock Exchange proposes to direct to away markets for execution all or a portion of the orders that cannot be executed at the Protected Bid or Protected Offer on the Exchange.6 The Exchange previously filed with the Commission pursuant to Rule 19b– 5 under the Act a Form PILOT to 3 17 CFR 242.611. hours of business during which transactions may be made on the ISE Stock Exchange are set forth in proposed ISE Rule 2102 and are referred to herein as ‘‘regular trading hours.’’ 5 See proposed ISE Rule 2107(c). 6 See proposed ISE Rule 2107(d). 4 The E:\FR\FM\15AUN1.SGM 15AUN1

Agencies

[Federal Register Volume 71, Number 157 (Tuesday, August 15, 2006)]
[Notices]
[Pages 46946-46947]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-13334]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-54296; File No. SR-ISE-2006-30]


Self-Regulatory Organizations; International Securities Exchange, 
Inc.; Order Approving a Proposed Rule Change, and Amendment No. 1 
Thereto, Increasing the Linkage Inbound Principal Order Fee

August 9, 2006.
    On June 5, 2006, the International Securities Exchange, Inc. 
(``ISE'' or ``Exchange'') filed with the Securities and Exchange 
Commission (``Commission''), pursuant to Section 19(b)(1) of the 
Securities Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 
thereunder,\2\ a proposed rule change to amend its Schedule of Fees in 
the manner described below. On June 29,

[[Page 46947]]

2006, the Exchange filed Amendment No. 1 to the proposed rule 
change.\3\ The proposed rule change, as modified by Amendment No. 1, 
was published for comment in the Federal Register on July 10, 2006.\4\ 
The Commission received no comments on the proposal. This order 
approves the proposed rule change, as amended.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Amendment No. 1 is described in Securities Exchange Act 
Release No. 54074 (June 30, 2006), 71 FR 38917 (July 10, 2006).
    \4\ See id.
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    The Exchange proposes to amend its Schedule of Fees to increase the 
Linkage Inbound Principal Order fee from $.15 per contract to $.24 per 
contract. This proposed rule change will remain in effect as part of an 
existing pilot program, which is scheduled to expire on July 31, 
2007.\5\
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    \5\ See Securities Exchange Act Release No. 54204 (July 25, 
2006), 71 FR 43548 (August 1, 2006) (SR-ISE-2006-38) (extending the 
expiration date of the pilot program from July 31, 2006 to July 31, 
2007).
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    The Commission has reviewed carefully the proposed rule change as 
amended and finds that it is consistent with the requirements of the 
Act and the rules and regulations thereunder applicable to a national 
securities exchange.\6\ In particular, the Commission finds that the 
proposed rule change is consistent with 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. The Commission notes that the proposed 
fee is similar to the one established by the Philadelphia Stock 
Exchange, Inc. earlier this year.\8\
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    \6\ In approving this proposed rule change, the Commission notes 
that it has considered the proposed rule's impact on efficiency, 
competition and capital formation. See 15 U.S.C. 78c(f).
    \7\ 15 U.S.C. 78f(b)(4).
    \8\ See Securities Exchange Act Release No. 53650 (April 13, 
2006), 71 FR 20430 (April 20, 2006) (SR-Phlx-2006-22) (increasing 
the fee for inbound P Orders sent via the Linkage from $.15 per 
option contract to $.25 per option contract).
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    It is therefore ordered, pursuant to section 19(b)(2) of the 
Act,\9\ that the proposed rule change (SR-ISE-2006-30) as amended be, 
and hereby is approved.
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    \9\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\10\
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    \10\ 17 CFR 200.30-3(a)(12).

Nancy M. Morris,
Secretary.
[FR Doc. E6-13334 Filed 8-14-06; 8:45 am]
BILLING CODE 8010-01-P