Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend CBOE Rules in Connection With CBOE's Determination To Trade Certain Option Classes on Hybrid, 355-357 [E6-22544]

Download as PDF Federal Register / Vol. 72, No. 2 / Thursday, January 4, 2007 / Notices on the collection of information summarized below. The Commission plans to submit this existing collection of information to the Office of Management and Budget for extension and approval. Dated: December 20, 2006. Jill M. Peterson, Assistant Secretary. [FR Doc. E6–22543 Filed 1–3–07; 8:45 am] Rule 17Ad–13 Annual Study and Evaluation of Internal Accounting Control SECURITIES AND EXCHANGE COMMISSION BILLING CODE 8011–01–P mstockstill on PROD1PC61 with NOTICES [File No. 500–1] Rule 17Ad–13 (17 CFR 240.17 Ad–13) requires approximately 200 registered transfer agents to obtain an annual report on the adequacy of internal accounting controls. In addition, transfer agents must maintain copies of any reports prepared pursuant to Rule 17Ad–13 plus any documents prepared to notify the Commission and appropriate regulatory agencies in the event that the transfer agent is required to take any corrective action. These recordkeeping requirements assist the Commission and other regulatory agencies with monitoring transfer agents and ensuring compliance with the rule. Small transfer agents are exempt from Rule 17Ad–13. The staff estimates that the average number of hours necessary for each transfer agent to comply with Rule 17Ad–13 is one-hundred seventy-five hours annually. The total burden is 35,000 hours annually for transfer agents, based upon past submissions. Written comments are invited on: (a) Whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency’s estimates of the burden of the proposed collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology. Consideration will be given to comments and suggestions submitted in writing within 60 days of this publication. Please direct your written comments to: R. Corey Booth, Director/Chief Information Officer, Securities and Exchange Commission, C/O Shirley Martinson, 6432 General Green Way, Alexandria, Virginia 22312 or by sending an e-mail to: PRA_Mailbox@sec.gov. Comments must be submitted within 60 days of this notice. VerDate Aug<31>2005 15:51 Jan 03, 2007 Jkt 211001 In the Matter of Digital Concepts International, Inc., Integrated Homes, Inc., Lighthouse Fast Ferry, Inc. and Wannigan Capital Corp.; Order of Suspension of Trading December 28, 2006. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Digital Concepts International, Inc., because it is delinquent in its periodic filing obligations under Section 13(a) of the Securities Exchange Act of 1934 (‘‘Exchange Act’’), and Rules 13a–1 and 13a–13 thereunder, having never filed a periodic report after its Form 10–SB filed on March 8, 2002, and amended on July 2, 2002, went effective registering its securities. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Integrated Homes, Inc., because it is delinquent in its periodic filing obligations under Section 13(a) of the Exchange Act, and Rules 13a–1 and 13a–13 thereunder, having not filed a periodic report after its Form 10–SB filed on October 13, 2000, went effective registering its securities. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Lighthouse Fast Ferry, Inc., because it is delinquent in its periodic filing obligations under Section 13(a) of the Exchange Act, and Rules 13a–1 and 13a–13 thereunder, having not filed a periodic report since the period ending June 30, 2002. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Wannigan Capital Corp. (f/k/a ThermoElastic Technologies, Inc.), because it is delinquent in its periodic filing obligations under Section 13(a) of the Exchange Act, and Rules 13a–1 and 13a–13 thereunder, having not filed a periodic report since the period ending September 30, 2002. The Commission is of the opinion that the public interest and the protection of PO 00000 Frm 00030 Fmt 4703 Sfmt 4703 355 investors require a suspension of trading in the securities of the above-listed companies. Therefore, it is ordered, pursuant to Section 12(k) of the Exchange Act, that trading in the above-listed companies is suspended for the period from 9:30 a.m. EST on December 28, 2006, through 11:59 p.m. EST on January 11, 2007. By the Commission. Jill M. Peterson, Assistant Secretary. [FR Doc. 06–9967 Filed 12–28–06; 11:06 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–54990; File No. SR–CBOE– 2006–108] Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend CBOE Rules in Connection With CBOE’s Determination To Trade Certain Option Classes on Hybrid December 21, 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 December 15, 2006, the Chicago Board Options Exchange, Incorporated (‘‘Exchange’’ or ‘‘CBOE’’) 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 Exchange filed the proposal as a ‘‘non-controversial’’ proposed rule change pursuant to Section 19(b)(3)(A)(iii) of the Act 3 and Rule 19b–4(f)(6) thereunder.4 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 CBOE proposes amend its rules relating to CBOE’s determination to trade certain option classes on Hybrid. The text of the proposed rule change is available on CBOE’s Web site (http:// www.cboe.com), at the CBOE’s Office of the Secretary, and at the Commission’s public reference room. 1 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). 2 17 E:\FR\FM\04JAN1.SGM 04JAN1 356 Federal Register / Vol. 72, No. 2 / Thursday, January 4, 2007 / Notices 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 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 mstockstill on PROD1PC61 with NOTICES 1. Purpose The purpose of this rule change is to amend CBOE Rules 8.3 and 8.4 in connection with CBOE’s determination to trade options on the Russell 2000 Index (RUT) on the Hybrid 2.0 Platform. Additionally, CBOE proposes to amend Rule 8.3 in connection with CBOE’s determination to trade options on the iShares Russell 2000 Index Fund (IWM) on the Hybrid Trading System, and options on the NASDAQ 100 Index (NDX) on the Hybrid Trading System.5 RUT options currently has an appointment cost of .25, and CBOE intends to maintain that appointment cost when RUT options trade on the Hybrid 2.0 Platform. As a result, RUT options would be classified as an A+ Tier option class. CBOE intends to trade RUT options on the Hybrid 2.0 Platform beginning on December 19, 2006. CBOE proposes to amend Rule 8.3(c)(ii) to specifically reference IWM options and NDX options as option classes trading on the Hybrid Trading System. IWM options would have an appointment cost of .50, and NDX options would have an appointment cost of 1.0.6 CBOE proposes to amend CBOE Rule 8.3(c)(iv) to delete reference to IWM options and NDX options in the table listing the non-Hybrid option classes and their related appointment costs. CBOE notes that the new appointment cost for IWM is lower than its current non-Hybrid appointment cost of .85. CBOE intends to trade IWM 5 CBOE Rule 1.1(aaa) defines Hybrid Trading System and Hybrid 2.0 Platform. 6 Because not all option classes traded on the Hybrid Trading System have an appointment cost of .01, CBOE proposes to modify Rule 8.85(e)(ii) to state that the appointment cost for option classes traded on the Hybrid Trading System is as set forth in Rule 8.3(c)(ii). Currently, Rule 8.85(e)(ii) states that the appointment cost of Hybrid option classes is .01. VerDate Aug<31>2005 15:51 Jan 03, 2007 Jkt 211001 options on the Hybrid Trading System beginning on December 19, 2006, and NDX options on the Hybrid Trading System beginning on January 9, 2007. Finally, CBOE proposes to amend Rule 8.3A to expressly include a reference to the ‘‘AA’’ tier in Interpretation and Policy .01. Currently, Interpretation .01 references the ‘‘A+’’ tier, but not the ‘‘AA’’ tier. Products designated as ‘‘A+’’ tier products have a class quoting limit (‘‘CQL’’) of 40 as provided in Interpretation .01 of Rule 8.3A. By including reference to the ‘‘AA’’ tier option in Interpretation.01, products designated as ‘‘AA’’ tier products (presently options on the CBOE Volatility Index (VIX)), would have a CQL of 40, which is consistent with the current CQL for VIX options. 2. Statutory Basis The Exchange believes the proposed rule change is consistent with the Act and the rules and regulations under the Act applicable to a national securities exchange and, in particular, the requirements of Section 6(b) of the Act.7 Specifically, the Exchange believes the proposed rule change is consistent with the Section 6(b)(5) of the Act,8 which requires that the rules of an exchange be designed to promote just and equitable principles of trade, to prevent fraudulent and manipulative acts and, in general, to protect investors and the public interest. B. Self-Regulatory Organization’s Statement on Burden on Competition 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 The foregoing rule change has become effective pursuant to Section 19(b)(3)(A)(iii) of the Act 9 and subparagraph (f)(6) of Rule 19b–4 10 thereunder because it does not: (i) Significantly affect the protection of investors or the public interest; (ii) 7 15 U.S.C. 78f(b). 8 15 U.S.C. 78f(b)(5). 9 15 U.S.C. 78s(b)(3)(A)(iii). 10 17 CFR 240.19b–4(f)(6). PO 00000 Frm 00031 Fmt 4703 Sfmt 4703 impose any significant burden on competition; (iii) become operative for 30 days from the date on which it was filed, or such shorter time as the Commission may designate; and the Exchange has given the Commission written notice of its intention to file the proposed rule change at least five business days prior to filing. At any time within 60 days of the filing of such 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. Under Rule 19b–4(f)(6) of the Act,11 the proposal does not become operative for 30 days after the date of its filing, or such shorter time as the Commission may designate if consistent with the protection of investors and the public interest. The Exchange has requested that the Commission waive the 30-day operative date, so that the proposal may take effect on December 19, 2006 with respect to IWM options and RUT options, and January 9, 2007, with respect to NDX options. The Exchange believes that the proposed rule change does not raise any new regulatory issues. The Commission agrees and, consistent with the protection of investors and the public interest, has determined to waive the 30-day operative date, which renders the proposal effective on December 19, 2006 with respect to IWM options and RUT options, and January 9, 2007, with respect to NDX options.12 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 rulecomments@sec.gov. Please include File Number SR–CBOE–2006–108 on the subject line. 11 Id. 12 For purposes only of accelerating the operative date of this proposal, the Commission has considered the proposed rule’s impact on efficiency, competition and capital formation. 15 U.S.C. 78c(f). E:\FR\FM\04JAN1.SGM 04JAN1 357 Federal Register / Vol. 72, No. 2 / Thursday, January 4, 2007 / Notices Paper Comments SOCIAL SECURITY ADMINISTRATION • 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–CBOE–2006–108. 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 Section, 100 F Street, NE., Washington, DC 20549. Copies of such filing also will be available for inspection and copying at the principal office of the CBOE. 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–CBOE–2006–108 and should be submitted on or before January 25, 2007. Agency Information Collection Activities: Proposed Request and Comment Request. For the Commission, by the Division of Market Regulation, pursuant to delegated authority.13 Jill M. Peterson, Assistant Secretary. [FR Doc. E6–22544 Filed 1–3–07; 8:45 am] BILLING CODE 8011–01–P The Social Security Administration (SSA) publishes a list of information collection packages that will require clearance by the Office of Management and Budget (OMB) in compliance with Pub. L. 104–13, the Paperwork Reduction Act of 1995, effective October 1, 1995. The information collection packages that may be included in this notice are for new information collections, approval of existing information collections, revisions to OMB-approved information collections, and extensions (no change) of OMBapproved information collections. SSA is soliciting comments on the accuracy of the agency’s burden estimate; the need for the information; its practical utility; ways to enhance its quality, utility, and clarity; and on ways to minimize burden on respondents, including the use of automated collection techniques or other forms of information technology. Written comments and recommendations regarding the information collection(s) should be submitted to the OMB Desk Officer and the SSA Reports Clearance Officer. The information can be mailed and/or faxed to the individuals at the addresses and fax numbers listed below: (OMB) Office of Management and Budget, Attn: Desk Officer for SSA, Fax: 202–395–6974. (SSA) Social Security Administration, DCFAM, Attn: Reports Clearance Officer, 1333 Annex Building, 6401 Security Blvd., Baltimore, MD 21235, Fax: 410–965–6400. I. The information collections listed below are pending at SSA and will be submitted to OMB within 60 days from the date of this notice. Therefore, your comments should be submitted to SSA within 60 days from the date of this publication. You can obtain copies of Number of respondents Frequency of response 1,215,000 285,000 Totals ........................................................................................................ mstockstill on PROD1PC61 with NOTICES Paper Submissions .......................................................................................... ERE Submissions ............................................................................................ the collection instruments by calling the SSA Reports Clearance Officer at 410– 965–0454 or by writing to the address listed above. 1. Information Collections Conducted by State Disability Determination Services (DDSs) on Behalf of SSA—20 CFR 404.1503a, 404.1512, 404.1513404.1512, 404.1513, 404.1514 404.1517, 404.1519; 20 CFR subpart Q, 404.1613, 404.1614, 404.1624; 20 CFR subpart I, 416.903a, 416.912, 416.913, 416.914, 416.917, 416.919 and 20 CFR subpart J, 416.1013, 416.1024, 416.1014—0960–0555. The State Disability Determination Services (DDSs) collect certain information that SSA needs to correctly administer its disability program. This information is divided into the Consultative Examination (CE) and Medical Evidence of Record (MER) categories. There are three types of CE evidence: (a) medical evidence from CE providers, in which DDSs use CE medical evidence to make disability determinations when the claimant’s own medical sources cannot or will not provide the required information, (b) CE claimant completion of a response form where claimants indicate if they intend to keep their CE appointment, and (c) CE claimant completion of a form indicating whether they want the CE report to be sent to their doctor. In the MER category, the DDSs use MER information to determine a person’s physical and/or mental status prior to making a disability determination. Please note that for the first time, some of the information included in this collection can be submitted electronically through the new Electronic Records Express (ERE) systems. The respondents are medical providers, other sources of MER, and disability claimants. Type of Collection: Revision to an existing OMB-approved collection. CE: a. Medical Evidence from CE Providers 1,500,000 b. Claimants re Appointment Letter: Number of Respondents: 750,000. Frequency of Response: 1. 13 17 Average Burden Per Response: 5 minutes. 1 1 15:51 Jan 03, 2007 Jkt 211001 PO 00000 Frm 00032 Fmt 4703 Sfmt 4703 Estimated annual burden (hours) 30 15 607,500 71,250 678,750 Estimated Annual Burden: 62,500 hours. CFR 200.30–3(a)(12). VerDate Aug<31>2005 Average burden per response (minutes) E:\FR\FM\04JAN1.SGM 04JAN1

Agencies

[Federal Register Volume 72, Number 2 (Thursday, January 4, 2007)]
[Notices]
[Pages 355-357]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-22544]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-54990; File No. SR-CBOE-2006-108]


Self-Regulatory Organizations; Chicago Board Options Exchange, 
Incorporated; Notice of Filing and Immediate Effectiveness of Proposed 
Rule Change To Amend CBOE Rules in Connection With CBOE's Determination 
To Trade Certain Option Classes on Hybrid

December 21, 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 December 15, 2006, the Chicago Board Options Exchange, Incorporated 
(``Exchange'' or ``CBOE'') 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 Exchange filed the proposal as a ``non-controversial'' proposed 
rule change pursuant to Section 19(b)(3)(A)(iii) of the Act \3\ and 
Rule 19b-4(f)(6) thereunder.\4\ 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)(iii).
    \4\ 17 CFR 240.19b-4(f)(6).
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    CBOE proposes amend its rules relating to CBOE's determination to 
trade certain option classes on Hybrid. The text of the proposed rule 
change is available on CBOE's Web site (http://www.cboe.com), at the 
CBOE's Office of the Secretary, and at the Commission's public 
reference room.

[[Page 356]]

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 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 purpose of this rule change is to amend CBOE Rules 8.3 and 8.4 
in connection with CBOE's determination to trade options on the Russell 
2000 Index (RUT) on the Hybrid 2.0 Platform. Additionally, CBOE 
proposes to amend Rule 8.3 in connection with CBOE's determination to 
trade options on the iShares Russell 2000 Index Fund (IWM) on the 
Hybrid Trading System, and options on the NASDAQ 100 Index (NDX) on the 
Hybrid Trading System.\5\
---------------------------------------------------------------------------

    \5\ CBOE Rule 1.1(aaa) defines Hybrid Trading System and Hybrid 
2.0 Platform.
---------------------------------------------------------------------------

    RUT options currently has an appointment cost of .25, and CBOE 
intends to maintain that appointment cost when RUT options trade on the 
Hybrid 2.0 Platform. As a result, RUT options would be classified as an 
A+ Tier option class. CBOE intends to trade RUT options on the Hybrid 
2.0 Platform beginning on December 19, 2006.
    CBOE proposes to amend Rule 8.3(c)(ii) to specifically reference 
IWM options and NDX options as option classes trading on the Hybrid 
Trading System. IWM options would have an appointment cost of .50, and 
NDX options would have an appointment cost of 1.0.\6\ CBOE proposes to 
amend CBOE Rule 8.3(c)(iv) to delete reference to IWM options and NDX 
options in the table listing the non-Hybrid option classes and their 
related appointment costs. CBOE notes that the new appointment cost for 
IWM is lower than its current non-Hybrid appointment cost of .85. CBOE 
intends to trade IWM options on the Hybrid Trading System beginning on 
December 19, 2006, and NDX options on the Hybrid Trading System 
beginning on January 9, 2007.
---------------------------------------------------------------------------

    \6\ Because not all option classes traded on the Hybrid Trading 
System have an appointment cost of .01, CBOE proposes to modify Rule 
8.85(e)(ii) to state that the appointment cost for option classes 
traded on the Hybrid Trading System is as set forth in Rule 
8.3(c)(ii). Currently, Rule 8.85(e)(ii) states that the appointment 
cost of Hybrid option classes is .01.
---------------------------------------------------------------------------

    Finally, CBOE proposes to amend Rule 8.3A to expressly include a 
reference to the ``AA'' tier in Interpretation and Policy .01. 
Currently, Interpretation .01 references the ``A+'' tier, but not the 
``AA'' tier. Products designated as ``A+'' tier products have a class 
quoting limit (``CQL'') of 40 as provided in Interpretation .01 of Rule 
8.3A. By including reference to the ``AA'' tier option in 
Interpretation.01, products designated as ``AA'' tier products 
(presently options on the CBOE Volatility Index (VIX)), would have a 
CQL of 40, which is consistent with the current CQL for VIX options.
2. Statutory Basis
    The Exchange believes the proposed rule change is consistent with 
the Act and the rules and regulations under the Act applicable to a 
national securities exchange and, in particular, the requirements of 
Section 6(b) of the Act.\7\ Specifically, the Exchange believes the 
proposed rule change is consistent with the Section 6(b)(5) of the 
Act,\8\ which requires that the rules of an exchange be designed to 
promote just and equitable principles of trade, to prevent fraudulent 
and manipulative acts and, in general, to protect investors and the 
public interest.
---------------------------------------------------------------------------

    \7\ 15 U.S.C. 78f(b).
    \8\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------

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

    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

    The foregoing rule change has become effective pursuant to Section 
19(b)(3)(A)(iii) of the Act \9\ and subparagraph (f)(6) of Rule 19b-4 
\10\ thereunder because it does not: (i) Significantly affect the 
protection of investors or the public interest; (ii) impose any 
significant burden on competition; (iii) become operative for 30 days 
from the date on which it was filed, or such shorter time as the 
Commission may designate; and the Exchange has given the Commission 
written notice of its intention to file the proposed rule change at 
least five business days prior to filing. At any time within 60 days of 
the filing of such 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.
---------------------------------------------------------------------------

    \9\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \10\ 17 CFR 240.19b-4(f)(6).
---------------------------------------------------------------------------

    Under Rule 19b-4(f)(6) of the Act,\11\ the proposal does not become 
operative for 30 days after the date of its filing, or such shorter 
time as the Commission may designate if consistent with the protection 
of investors and the public interest. The Exchange has requested that 
the Commission waive the 30-day operative date, so that the proposal 
may take effect on December 19, 2006 with respect to IWM options and 
RUT options, and January 9, 2007, with respect to NDX options. The 
Exchange believes that the proposed rule change does not raise any new 
regulatory issues. The Commission agrees and, consistent with the 
protection of investors and the public interest, has determined to 
waive the 30-day operative date, which renders the proposal effective 
on December 19, 2006 with respect to IWM options and RUT options, and 
January 9, 2007, with respect to NDX options.\12\
---------------------------------------------------------------------------

    \11\ Id.
    \12\ For purposes only of accelerating the operative date of 
this proposal, the Commission has considered the proposed rule's 
impact on efficiency, competition and capital formation. 15 U.S.C. 
78c(f).
---------------------------------------------------------------------------

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-2006-108 on the subject line.

[[Page 357]]

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-CBOE-2006-108. 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 Section, 100 F Street, 
NE., Washington, DC 20549. Copies of such filing also will be available 
for inspection and copying at the principal office of the CBOE. 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-CBOE-2006-108 and should be 
submitted on or before January 25, 2007.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\13\
---------------------------------------------------------------------------

    \13\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Jill M. Peterson,
Assistant Secretary.
 [FR Doc. E6-22544 Filed 1-3-07; 8:45 am]
BILLING CODE 8011-01-P