Self-Regulatory Organizations; Chicago Board Options Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Increase the Equity Options Designated Primary Market Maker Transaction Fee, 47550-47551 [E6-13567]

Download as PDF 47550 Federal Register / Vol. 71, No. 159 / Thursday, August 17, 2006 / Notices between 7:30 a.m. and 4:15 p.m. on Federal workdays. Persons may also provide comments via e-mail at RLE@NRC.GOV. The NRC maintains an Agencywide Documents and Management System (ADAMS), which provides text and image files of NRC’s public documents. These documents may be accessed through the NRC’s Public Electronic Reading Room on the Internet at http://www.nrc.gov/readingrm/adams.html. Persons who do not have access to ADAMS or who encounter problems in accessing the documents located in ADAMS should contact the NRC Public Document Room (PDR) reference staff at 1–800–397– 4209, 301–415–4737, or by e-mail at pdr@nrc.gov. Mr. Richard L. Emch, Jr., Senior Project Manager, Office of Nuclear Reactor Regulation, U.S. Nuclear Regulatory Commission, Washington, DC, 20555– 0001; telephone 301–415–1590 or by email at rle@nrc.gov. SUPPLEMENTARY INFORMATION: Attachment 1 to this Federal Register notice, entitled Staff Position and Rationale for the Proposed License Renewal Interim Staff Guidance LR– ISG–2006–03: Staff Guidance for Preparing Severe Accident Mitigation Alternatives (SAMA) Analyses contains the NRC staff’s rationale for publishing the proposed LR–ISG–2006–03. Attachment 2 to this Federal Register notice, entitled Proposed License Renewal Interim Staff Guidance LR– ISG–2006–03: Staff Guidance for Preparing Severe Accident Mitigation Alternatives (SAMA) Analyses, contains the guidance for preparing SAMA analyses related to license renewal applications. The NRC staff is issuing this notice to solicit public comments on the proposed LR–ISG–2006–03. After the NRC staff considers any public comments, it will make a determination regarding the proposed LR–ISG. FOR FURTHER INFORMATION CONTACT: rwilkins on PROD1PC63 with NOTICES Dated at Rockville, Maryland, this 10th day of August 2006. For the Nuclear Regulatory Commission. Pao-Tsin Kuo, Deputy Director Division of License Renewal, Office of Nuclear Reactor Regulation. Attachment 1—Staff Position and Rationale for the Proposed License Renewal Interim Staff Guidance LR–ISG–2006–03: Staff Guidance for Preparing Severe Accident Mitigation Alternatives (SAMA) Analyses Staff Position: The NRC staff recommends that applicants for license renewal follow the guidance provided in Nuclear Energy Institute NEI 05– 01, ‘‘Severe Accident Mitigation Alternatives VerDate Aug<31>2005 16:36 Aug 16, 2006 Jkt 208001 (SAMA) Analysis—Guidance Document,’’ Rev. A when preparing their SAMA analyses. followed the guidance provided in NEI 05– 01, Rev. A. Rationale: The Nuclear Energy Institute (NEI) developed a generic Guidance Document NEI 05–01, Rev. A, to help clarify the NRC staff’s expectations regarding the information that needs to be included in SAMA analyses. The NRC staff reviewed and concluded that NEI 05–01, Rev. A describes existing NRC regulations, and facilitates complete preparation of SAMA analysis submittals. The staff finds that utilization of the guidance provided in NEI 05–01, Rev. A will result in improved quality in SAMA analyses and a reduction in the number of requests for additional information. Proposed Action The staff is proposing that applicants for license renewal follow the guidance provided in NEI 05–01, Rev. A when preparing their SAMA analyses. The staff finds that NEI 05– 01, Rev. A, describes existing NRC regulations, and facilitates complete preparation of SAMA analysis submittals. Although this proposed LR–ISG does not convey a change in the NRC’s regulations or how they are being interpreted, it is being provided to facilitate complete preparation of future SAMA analysis submittals in support of applications for license renewal. The NRC staff plans to incorporate the guidance provided in NEI 05–01, Rev. A, into a future update of Supplement 1 to Regulatory Guide 4.2, ‘‘Preparation of Supplemental Environmental Reports for Applications to Renew Nuclear Power Plant Operating Licenses.’’ Because this LR–ISG provides a clarification of existing guidance with no additional requirements, the staff did not perform a backfit evaluation. For those that are interested in reviewing NEI 05–01, Rev. A, the Agencywide Documents Access and Management System (ADAMS) Accession Number is ML060530203. Attachment 2—Proposed License Renewal Interim Staff Guidance LR–ISG–2006–03: Staff Guidance for Preparing Severe Accident Mitigation Alternatives (SAMA) Analyses Introduction A Severe Accident Mitigation Alternatives (SAMA) analyses is required as part of a license renewal application, if a SAMA analysis has not already been performed for the plant and reviewed by the NRC staff. SAMA analyses have been performed and submitted to the NRC as part of all the applications for license renewal received by the staff thus far. Therefore, this LR–ISG is being proposed consistent with our goal to more efficiently resolve license renewal issues identified by the staff or the industry. Background and Discussion After receiving extensive requests for additional information regarding the SAMA analyses, several applicants for license renewal concluded that they did not fully understand the kind of information that the NRC staff was expecting to see in SAMA analyses. The Nuclear Energy Institute (NEI) developed a generic guidance document to help clarify the NRC staff’s expectations regarding the information that needs to be submitted in SAMA analyses. On April 8, 2005, NEI submitted NEI 05–01, ‘‘Severe Accident Mitigation Alternatives (SAMA) Analysis—Guidance Document.’’ The NRC staff reviewed this guidance document, and by letter, dated July 12, 2005, provided comments on NEI 05–01. The NRC staff’s comments were discussed during a public meeting between NEI and NRC on July 21, 2005. On February 17, 2006, NEI submitted its NEI 05–01, Rev. A, dated November 2005. The NRC staff reviewed and concluded that this version fully resolved the NRC staff’s comments. In addition, the NRC staff concluded that NEI 05–01, Rev. A, describes existing NRC regulations, and facilitates complete preparation of SAMA analysis submittals. Some applicants for license renewal have submitted SAMA analyses using the guidance provided in NEI 05–01, Rev A. The NRC staff found improved quality in the submitted SAMA analyses and a reduction in the number of requests for additional information for those applications that PO 00000 Frm 00072 Fmt 4703 Sfmt 4703 [FR Doc. E6–13559 Filed 8–16–06; 8:45 am] BILLING CODE 7590–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–54300; File No. SR–CBOE– 2006–67] Self-Regulatory Organizations; Chicago Board Options Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Increase the Equity Options Designated Primary Market Maker Transaction Fee August 10, 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 July 17, 2006, the Chicago Board Options Exchange, Inc. (the ‘‘Exchange’’ or the ‘‘CBOE’’) 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 Exchange has designated this proposal as one establishing or changing a due, fee, or other charge imposed by the Exchange under Section 19(b)(3)(A)(ii) of the Act 3 and Rule 19b– 4(f)(2) thereunder,4 which renders the 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 15 U.S.C. 78s(b)(3)(A)(ii). 4 17 CFR 240.19b–4(f)(2). 2 17 E:\FR\FM\17AUN1.SGM 17AUN1 Federal Register / Vol. 71, No. 159 / Thursday, August 17, 2006 / Notices proposal effective upon filing with the Commission. 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 CBOE is proposing to amend its Fees Schedule to increase the equity options Designated Primary Market Maker (‘‘DPM’’) transaction fee. The text of the proposed rule change is on the Exchange’s Web site (http:// www.cboe.com), at the Exchange’s Office of the Secretary, 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 CBOE 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 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 increase the equity options DPM transaction fee from the current $.14 per contract to $.16 per contract, effective August 1, 2006. The Exchange believes that this fee increase is appropriate given that DPM costs are expected to decrease as the result of recently implemented enhanced DPM Linkage transaction fee credits.5 rwilkins on PROD1PC63 with NOTICES 2. Statutory Basis The Exchange believes the proposed rule change is consistent with the requirements of Section 6(b) of the Securities Exchange Act of 1934 (‘‘Act’’),6 in general, and furthers the objectives of Section 6(b)(4) 7 of the Act in particular, in that it is designed to 5 See Section 21 of the CBOE Fees Schedule. See also Securities Exchange Act Release No. 53866 (May 25, 2006), 71 FR 31237 (June 1, 2006). Linkage order fees (except for Satisfaction Orders) and related transaction fee credits are in effect on a pilot basis until July 31, 2007. See Footnote 8 and Section 21 of the CBOE Fees Schedule dated August 3, 2006. 6 15 U.S.C. 78f(b). 7 15 U.S.C. 78f(b)(4). VerDate Aug<31>2005 16:36 Aug 16, 2006 Jkt 208001 provide for the equitable allocation of reasonable dues, fees, and other charges among CBOE members. B. Self-Regulatory Organization’s Statement on Burden on Competition The CBOE 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 No written comments were solicited or received with respect to the proposed rule change. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Because the foregoing rule change establishes or changes a due, fee, or other charge imposed by the Exchange, it has become effective pursuant to Section 19(b)(3)(A) of the Act 8 and subparagraph (f)(2) of Rule 19b–4 9 thereunder. 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.10 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: 47551 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 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 No. SR–CBOE–2006–67 and should be submitted on or before September 7, 2006. For the Commission, by the Division of Market Regulation, pursuant to delegated authority.11 J. Lynn Taylor, Assistant Secretary. [FR Doc. E6–13567 Filed 8–16–06; 8:45 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–54307; File No. SR–NASD– 2006–096] 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 Number SR–CBOE–2006–67 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 No. SR–CBOE–2006–67. This file number U.S.C. 78s(b)(3)(A). CFR 240.19b–4(f)(2). 10 Id. Self-Regulatory Organizations: National Association of Securities Dealers, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Additional Market Participant Identifier Functionality on the Alternative Display Facility August 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 August 8, 2006, the National Association of Securities Dealers, Inc. (‘‘NASD’’) filed with the Securities and Exchange 8 15 11 17 9 17 1 15 PO 00000 Frm 00073 Fmt 4703 CFR 200.30–3(a)(12). U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. Sfmt 4703 E:\FR\FM\17AUN1.SGM 17AUN1

Agencies

[Federal Register Volume 71, Number 159 (Thursday, August 17, 2006)]
[Notices]
[Pages 47550-47551]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-13567]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-54300; File No. SR-CBOE-2006-67]


Self-Regulatory Organizations; Chicago Board Options Exchange, 
Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule 
Change To Increase the Equity Options Designated Primary Market Maker 
Transaction Fee

August 10, 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 July 17, 2006, the Chicago Board Options Exchange, Inc. (the 
``Exchange'' or the ``CBOE'') 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 Exchange has designated this proposal as one establishing 
or changing a due, fee, or other charge imposed by the Exchange under 
Section 19(b)(3)(A)(ii) of the Act \3\ and Rule 19b-4(f)(2) 
thereunder,\4\ which renders the

[[Page 47551]]

proposal effective upon filing with the Commission. The Commission is 
publishing this notice to solicit comments on the proposed rule change 
from interested persons.
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    \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).
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The CBOE is proposing to amend its Fees Schedule to increase the 
equity options Designated Primary Market Maker (``DPM'') transaction 
fee. The text of the proposed rule change is on the Exchange's Web site 
(http://www.cboe.com), at the Exchange's Office of the Secretary, 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 CBOE 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 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 increase the equity options DPM 
transaction fee from the current $.14 per contract to $.16 per 
contract, effective August 1, 2006. The Exchange believes that this fee 
increase is appropriate given that DPM costs are expected to decrease 
as the result of recently implemented enhanced DPM Linkage transaction 
fee credits.\5\
---------------------------------------------------------------------------

    \5\ See Section 21 of the CBOE Fees Schedule. See also 
Securities Exchange Act Release No. 53866 (May 25, 2006), 71 FR 
31237 (June 1, 2006). Linkage order fees (except for Satisfaction 
Orders) and related transaction fee credits are in effect on a pilot 
basis until July 31, 2007. See Footnote 8 and Section 21 of the CBOE 
Fees Schedule dated August 3, 2006.
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2. Statutory Basis
    The Exchange believes the proposed rule change is consistent with 
the requirements of Section 6(b) of the Securities Exchange Act of 1934 
(``Act''),\6\ in general, and furthers the objectives of Section 
6(b)(4) \7\ of the Act in particular, in that it is designed to provide 
for the equitable allocation of reasonable dues, fees, and other 
charges among CBOE members.
---------------------------------------------------------------------------

    \6\ 15 U.S.C. 78f(b).
    \7\ 15 U.S.C. 78f(b)(4).
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B. Self-Regulatory Organization's Statement on Burden on Competition

    The CBOE 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

    No written comments were solicited or received with respect to the 
proposed rule change.

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

    Because the foregoing rule change establishes or changes a due, 
fee, or other charge imposed by the Exchange, it has become effective 
pursuant to Section 19(b)(3)(A) of the Act \8\ and subparagraph (f)(2) 
of Rule 19b-4 \9\ thereunder. 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.\10\
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    \8\ 15 U.S.C. 78s(b)(3)(A).
    \9\ 17 CFR 240.19b-4(f)(2).
    \10\ Id.
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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 (http://
www.sec.gov/rules/sro.shtml); or
     Send an e-mail to rule-comments@sec.gov. Please include 
File Number SR-CBOE-2006-67 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 No. SR-CBOE-2006-67. 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 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 No. SR-
CBOE-2006-67 and should be submitted on or before September 7, 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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J. Lynn Taylor,
Assistant Secretary.
 [FR Doc. E6-13567 Filed 8-16-06; 8:45 am]
BILLING CODE 8010-01-P