Self-Regulatory Organizations; Boston Stock Exchange, Inc.; Order Approving Proposed Rule Change and Amendment No. 1 Thereto Relating to the Market Opening Pilot Program for the Boston Options Exchange Facility, 66807-66808 [E6-19382]

Download as PDF pwalker on PROD1PC61 with NOTICES Federal Register / Vol. 71, No. 221 / Thursday, November 16, 2006 / Notices requirements of the Atomic Energy Act of 1954, as amended (the Act), and the Commission’s regulations. As required by the Act and the Commission’s regulations in 10 CFR Chapter I, the Commission has made appropriate findings, which are set forth in the license. Prior public notice of the action involving the proposed issuance of the renewed license and of an opportunity for a hearing regarding the proposed issuance of the new license was published in the Federal Register on May 12, 2005 (70 FR 25117). For further details with respect to this action, see (1) Nuclear Management Company, LLC’s license renewal application for Monticello Nuclear Generating Plant, dated March 16, 2005, as supplemented by letters dated through August 18, 2006; (2) the Commission’s safety evaluation report (NUREG–1865), dated October 2006; (3) the licensee’s updated safety analysis report; and (4) the Commission’s final environmental impact statement (NUREG–1437, Supplement 26, for the Monticello Nuclear Generating Plant, dated September 19, 2006). These documents are available at the NRC’s Public Document Room, One White Flint North, 11555 Rockville Pike, Rockville, Maryland 20852, and can be viewed from the NRC Public Electronic Reading Room at https://www.nrc.gov/readingrm/adams.html. Copies of Renewed Facility Operating License No. DPR–22, may be obtained by writing to the U.S. Nuclear Regulatory Commission, Washington, DC 20555–0001, Attention: Director, Division of License Renewal. Copies of the Monticello Nuclear Generating Plant Safety Evaluation Report (NUREG–1865) and the final environmental impact statement (NUREG–1437, Supplement 26) may be purchased from the National Technical Information Service, U.S. Department of Commerce, Springfield, Virginia 22161 (https://www.ntis.gov), (703) 605–6000, or Attention: Superintendent of Documents, U.S. Government Printing Office, P.O. Box 371954 Pittsburgh, PA 15250–7954 (https://www.gpoaccess.gov), (202) 512– 1800. All orders should clearly identify the NRC publication number and the requestor’s Government Printing Office deposit account number or VISA or MasterCard number and expiration date. Dated at Rockville, Maryland, this 8th day of November 2006. VerDate Aug<31>2005 20:27 Nov 15, 2006 Jkt 211001 For The Nuclear Regulatory Commission. Frank P. Gillespie, Division Director, Division of License Renewal, Office of Nuclear Reactor Regulation. [FR Doc. E6–19362 Filed 11–15–06; 8:45 am] BILLING CODE 7590–01–P NUCLEAR REGULATORY COMMISSION Notice of Availability of Nureg–0725, Revision 14, ‘‘Public Information Circular for Shipments of Irradiated Reactor Fuel’’ U.S. Nuclear Regulatory Commission (NRC). ACTION: Notice of Availability. AGENCY: The U.S. Nuclear Regulatory Commission (NRC) has updated NUREG–0725, ‘‘Public Information Circular for Shipments of Irradiated Reactor Fuel.’’ This document provides information on shipments of irradiated reactor fuel (spent fuel) that are subject to regulation by the NRC. ADDRESSES: Copies are available in the Commission’s Public Document Room (PDR) located at One White Flint North, 11555 Rockville Pike (first floor), Rockville, Maryland, 20852–2738. This document may be accessed through the NRC Public Electronic Reading Room on the Internet at https://www.nrc.gov/ reading-rm/doc-collections/nuregs or using the NRC Agencywide Document Access and Management System (ADAMS), which provides both text and image files of NRC public documents at https://www.nrc.gov/reading-rm/ adams.html under ADAMS Accession Number ML061780640. Persons who do not have access to ADAMS or who encounter problems in accessing the documents located in ADAMS should contact the NRC PDR reference staff at 1–800–397–4209 or 301–415–4737, or by e-mail at pdr@nrc.gov. FOR FURTHER INFORMATION CONTACT: Ms. Susan Bagley, Office of Nuclear Security and Incident Response, Mail Stop T–4D8, U.S. Nuclear Regulatory Commission, Washington, DC, 20555– 0001, telephone 301–415–5378, and e-mail shb@nrc.gov. SUPPLEMENTARY INFORMATION: Public Information Circular for Shipments of Irradiated Reactor Fuel The NRC staff has updated NUREG–0725 to provide a brief accounting of spent fuel shipment safety and safeguards requirements of a general interest, a summary of data for 1979–2005 highway and rail shipments and a listing, by State, of recent and expired highway and railway shipment routes. The enclosed route information SUMMARY: PO 00000 Frm 00059 Fmt 4703 Sfmt 4703 66807 reflects specific NRC approvals that the agency has granted in response to requests for shipments of spent fuel. This publication does not constitute authority for licensees, carriers or other persons to use the routes to ship spent fuel, other categories of nuclear waste, or other radioactive materials. Dated at Rockville, Maryland, this 3rd day of November, 2006. For The Nuclear Regulatory Commission. Patricia K. Holahan, Director, Division of Security Policy, Office of Nuclear Security and Incident Response. [FR Doc. E6–19371 Filed 11–15–06; 8:45 am] BILLING CODE 7590–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–54733; File No. SR–BSE– 2006–36] Self-Regulatory Organizations; Boston Stock Exchange, Inc.; Order Approving Proposed Rule Change and Amendment No. 1 Thereto Relating to the Market Opening Pilot Program for the Boston Options Exchange Facility November 9, 2006. On September 1, 2006, the Boston Stock Exchange, Inc. (‘‘BSE’’ 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 retroactively reinstate the pilot program rules related to market opening procedures on the Boston Options Exchange facility (‘‘BOX’’) of the Exchange for the period August 6, 2006 through September 1, 2006. On September 18, 2006, BSE filed Amendment No. 1 to the proposed rule change.3 The proposed rule change, as amended, was published for comment in the Federal Register on October 2, 2006.4 The Commission received no comments on the proposal. The Commission finds that the proposed rule change, as amended, is consistent with the requirements of the Act and the rules and regulations thereunder applicable to a national securities exchange.5 In particular, the 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 Amendment No. 1 replaced the original filing in its entirety. 4 See Securities Exchange Act Release No. 54507 (September 26, 2006), 71 FR 58020. 5 The Commission has considered the proposed rule’s impact on efficiency, competition and capital formation. 15 U.S.C. 78c(f). 2 17 E:\FR\FM\16NON1.SGM 16NON1 66808 Federal Register / Vol. 71, No. 221 / Thursday, November 16, 2006 / Notices Commission believes that the proposed rule change, as amended, is consistent with Section 6(b) of the Act 6 in general, and Section 6(b)(5) of the Act 7 in specific, which requires that an exchange have rules that are designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in regulating, clearing, settling, processing information with respect to, and facilitating transactions in securities, to remove impediments to and perfect the mechanism for a free and open market and a national market system, and, in general, to protect investors and the public interest. The Commission notes that the proposed rule change, as amended, will retroactively reinstate the rules governing the market opening pilot program currently in use on BOX for the period August 6, 2006 through September 1, 2006.8 Thus, upon approval of this proposed rule change, there will effectively be no interruption of the pilot program rules governing the market opening on BOX.9 The Commission finds that the BOX market opening pilot program procedures provide a quicker, more efficient, fair and orderly market opening process to the benefit of BOX market participants and investors. It is therefore ordered, pursuant to Section 19(b)(2) of the Act,10 that the proposed rule change (File No. SR– BSE–2006–36), as amended, be, and hereby is, approved. For the Commission, by the Division of Market Regulation, pursuant to delegated authority.11 Nancy M. Morris, Secretary. [FR Doc. E6–19382 Filed 11–15–06; 8:45 am] BILLING CODE 8011–01–P 6 15 U.S.C. 78f(b). U.S.C. 78f(b)(5). 8 On September 1, 2006, BSE filed a proposed rule change, which was immediately effective, to extend the market opening pilot program from September 1, 2006 through August 6, 2007. See Securities Exchange Act Release No. 54467 (September 18, 2006), 71 FR 55530 (September 22, 2006). 9 Prior to approval of this proposed rule change, however, BOX’s market opening was operating without effective rules for the period August 6, 2006 through September 1, 2006. 10 15 U.S.C. 78s(b)(2). 11 17 CFR 200.30–3(a)(12). pwalker on PROD1PC61 with NOTICES 7 15 VerDate Aug<31>2005 20:27 Nov 15, 2006 Jkt 211001 SECURITIES AND EXCHANGE COMMISSION [Release No. 34–54729; File No. SR–CBOE– 2006–83] Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Complex Orders November 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 October 20, 2006, the Chicago Board Options Exchange, Incorporated (‘‘CBOE’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change as described in Items I and II below, which Items have been prepared by the Exchange. The CBOE has filed the proposed rule change pursuant to Section 19(b)(3)(A)(iii) of the Act 3 and Rule 19b–4(f)(6) thereunder,4 which renders the proposal effective upon filing with the Commission.5 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 proposes to amend its rules regarding the execution of complex orders to clarify that the legs of stockoption and security future-option orders may be executed in penny increments. The CBOE also proposes various nonsubstantive changes designed to simplify the text of several rules. The text of the proposed rule change is available on the Exchange’s Web site (https://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 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 11 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 15 U.S.C. 78s(b)(3)(A)(iii). 4 17 CFR 240.19b–4(f)(6). 5 The CBOE has requested that the Commission waive the 30-day operative delay, as specified in Rule 19b–4(f)(6)(iii). 17 CFR 240.19b–4(f)(6)(iii). 2 17 PO 00000 Frm 00060 Fmt 4703 Sfmt 4703 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 CBOE Rule 6.42(3), ‘‘Minimum Increments for Bids and Offers,’’ currently provides that complex orders may generally be expressed on a net price basis in any increment, regardless of the minimum increment otherwise appropriate to the individual legs of the order.6 Thus, for example, a complex order could be entered at a net debit or credit price of $1.03 even though the minimum increment for the individual series is generally $0.05 or $0.10.7 After a complex order has been executed at the total net debit or credit price, the contract quantities and prices for each individual component leg of the trade are reported as executions. In this regard, CBOE Rule 6.42(3) currently provides that the legs of a complex order may be executed in one-cent increments, regardless of the minimum increments otherwise appropriate to the individual legs of the order. With respect to the types of complex orders that may be expressed in net price increments and reported in onecent increments as described above, the rule text currently refers to spreads, straddles, and combinations as defined in CBOE Rule 6.53, ‘‘Certain Types of Orders Defined,’’ and any other type of complex order defined in CBOE Rule 6.53C, ‘‘Complex Orders on the Hybrid System.’’ The purpose of the proposed rule change is to clarify that the options leg of a stock-option or security futureoption order, as defined in CBOE Rules 6 A minimum trading increment is defined in CBOE Rule 6.42 as $0.05 if the options contract is trading at less than $3.00 and $0.10 if the options contract is trading at or above $3.00. 7 As an exception to this provision, CBOE Rule 6.42(3) provides that complex orders in options on the S&P 500 Index (‘‘SPX’’) and the S&P 100 Index (‘‘OEX’’) that are not box spreads are to be expressed in decimal increments no smaller than $0.05. A ‘‘box spread’’ (also referred to as a ‘‘box/ roll spread’’) means ‘‘an aggregation of positions in a long call option and short put option with the same exercise price (‘buy side’) coupled with a long put option and short call option with the same exercise price (‘sell side’) all of which have the same aggregate current underlying value, and are structured as either: (A) a ‘long box spread’ in which the sell side exercise price exceeds the buy side exercise price or (B) a ‘short box spread’ in which the buy side exercise price exceeds the sell side exercise price.’’ See CBOE Rule 6.42, Interpretation and Policy .05, and CBOE Rule 6.53C(a)(7). E:\FR\FM\16NON1.SGM 16NON1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 71, Number 221 (Thursday, November 16, 2006)]
[Notices]
[Pages 66807-66808]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-19382]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-54733; File No. SR-BSE-2006-36]


Self-Regulatory Organizations; Boston Stock Exchange, Inc.; Order 
Approving Proposed Rule Change and Amendment No. 1 Thereto Relating to 
the Market Opening Pilot Program for the Boston Options Exchange 
Facility

November 9, 2006.
    On September 1, 2006, the Boston Stock Exchange, Inc. (``BSE'' 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 retroactively reinstate the pilot program rules 
related to market opening procedures on the Boston Options Exchange 
facility (``BOX'') of the Exchange for the period August 6, 2006 
through September 1, 2006. On September 18, 2006, BSE filed Amendment 
No. 1 to the proposed rule change.\3\ The proposed rule change, as 
amended, was published for comment in the Federal Register on October 
2, 2006.\4\ The Commission received no comments on the proposal.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Amendment No. 1 replaced the original filing in its 
entirety.
    \4\ See Securities Exchange Act Release No. 54507 (September 26, 
2006), 71 FR 58020.
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    The Commission finds that the proposed rule change, as amended, is 
consistent with the requirements of the Act and the rules and 
regulations thereunder applicable to a national securities exchange.\5\ 
In particular, the

[[Page 66808]]

Commission believes that the proposed rule change, as amended, is 
consistent with Section 6(b) of the Act \6\ in general, and Section 
6(b)(5) of the Act \7\ in specific, which requires that an exchange 
have rules that are designed to prevent fraudulent and manipulative 
acts and practices, to promote just and equitable principles of trade, 
to foster cooperation and coordination with persons engaged in 
regulating, clearing, settling, processing information with respect to, 
and facilitating transactions in securities, to remove impediments to 
and perfect the mechanism for a free and open market and a national 
market system, and, in general, to protect investors and the public 
interest.
---------------------------------------------------------------------------

    \5\ The Commission has considered the proposed rule's impact on 
efficiency, competition and capital formation. 15 U.S.C. 78c(f).
    \6\ 15 U.S.C. 78f(b).
    \7\ 15 U.S.C. 78f(b)(5).
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    The Commission notes that the proposed rule change, as amended, 
will retroactively reinstate the rules governing the market opening 
pilot program currently in use on BOX for the period August 6, 2006 
through September 1, 2006.\8\ Thus, upon approval of this proposed rule 
change, there will effectively be no interruption of the pilot program 
rules governing the market opening on BOX.\9\ The Commission finds that 
the BOX market opening pilot program procedures provide a quicker, more 
efficient, fair and orderly market opening process to the benefit of 
BOX market participants and investors.
---------------------------------------------------------------------------

    \8\ On September 1, 2006, BSE filed a proposed rule change, 
which was immediately effective, to extend the market opening pilot 
program from September 1, 2006 through August 6, 2007. See 
Securities Exchange Act Release No. 54467 (September 18, 2006), 71 
FR 55530 (September 22, 2006).
    \9\ Prior to approval of this proposed rule change, however, 
BOX's market opening was operating without effective rules for the 
period August 6, 2006 through September 1, 2006.
---------------------------------------------------------------------------

    It is therefore ordered, pursuant to Section 19(b)(2) of the 
Act,\10\ that the proposed rule change (File No. SR-BSE-2006-36), as 
amended, be, and hereby is, approved.
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    \10\ 15 U.S.C. 78s(b)(2).

    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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Nancy M. Morris,
Secretary.
 [FR Doc. E6-19382 Filed 11-15-06; 8:45 am]
BILLING CODE 8011-01-P

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