Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectivenes of Proposed Rule Change to Eliminate the Exemption from Equity Trading Fees for Principal Transactions by a Member Organization “Facilitating” a Customer Order of at Least 10,000 Shares, 2577-2578 [07-139]
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Federal Register / Vol. 72, No. 12 / Friday, January 19, 2007 / Notices
B. Self-Regulatory Organization’s
Statement on Burden on Competition
NASD does not believe that the
proposed rule change will result in 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
Written comments were neither
solicited nor received.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The foregoing proposed rule change is
subject to Section 19(b)(3)(A)(iii) of the
Act 12 and Rule 19b–4(f)(6) thereunder 13
because the proposal: (i) Does not
significantly affect the protection of
investors or the public interest; (ii) does
not impose any significant burden on
competition; and (iii) does not become
operative prior to 30 days after the date
of filing or such shorter time as the
Commission may designate if consistent
with the protection of investors and the
public interest; provided that NASD has
given the Commission notice of its
intent to file the proposed rule change,
along with a brief description and text
of the proposed rule change, at least five
business days prior to the date of filing
of the proposed rule change, or such
shorter time as designated by the
Commission.14
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.
sroberts on PROD1PC70 with NOTICES
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:
Number SR–NASD–2007–001 on the
subject line.
SECURITIES AND EXCHANGE
COMMISSION
Paper Comments
[Release No. 34–55069; File No. SR–NYSE–
2006–117]
• 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; New
York Stock Exchange LLC; Notice of
Filing and Immediate Effectivenes of
Proposed Rule Change to Eliminate
the Exemption from Equity Trading
All submissions should refer to File
Fees for Principal Transactions by a
Number SR–NASD–2007–001. This file
Member Organization ‘‘Facilitating’’ a
number should be included on the
Customer Order of at Least 10,000
subject line if e-mail is used. To help the Shares
Commission process and review your
January 9, 2007.
comments more efficiently, please use
Pursuant to Section 19(b)(1) of the
only one method. The Commission will
Securities Exchange Act of 1934
post all comments on the Commission’s
(‘‘Act’’),1 and Rule 19b–4 thereunder,2
Internet Web site (https://www.sec.gov/
notice is hereby given that on December
rules/sro.shtml). Copies of the
22, 2006, the New York Stock Exchange
submission, all subsequent
LLC (‘‘Exchange’’ or ‘‘NYSE’’) filed with
amendments, all written statements
the Securities and Exchange
with respect to the proposed rule
Commission (‘‘Commission’’) the
change that are filed with the
proposed rule change as described in
Commission, and all written
Items I, II, and III below, which Items
communications relating to the
have been substantially prepared by the
proposed rule change between the
Exchange. NYSE has designated this
Commission and any person, other than proposal as one establishing or changing
those that may be withheld from the
a due, fee, or other charge imposed by
public in accordance with the
NYSE under Section 19(b)(3)(A)(ii) of
provisions of 5 U.S.C. 552, will be
the Act 3 and Rule 19b–4(f)(2)
available for inspection and copying in
thereunder,4 which renders the
proposed rule change effective upon
the Commission’s Public Reference
filing with the Commission. The
Room. Copies of the filing also will be
Commission is publishing this notice to
available for inspection and copying at
solicit comments on the proposed rule
the principal office of NASD. All
change from interested persons.
comments received will be posted
without change; the Commission does
I. Self-Regulatory Organization’s
not edit personal identifying
Statement of the Terms of Substance of
information from submissions. You
the Proposed Rule Change
should submit only information that
The Exchange proposes to eliminate,
you wish to make available publicly. All
effective January 1, 2007, the exemption
submissions should refer to File
from equity trading fees applicable to
Number SR–NASD–2007–001 and
principal transactions by a member
should be submitted on or before
organization in conjunction with
February 9, 2007.
‘‘facilitating’’ a customer order of at
least 10,000 shares.
For the Commission, by the Division of
The text of the proposed rule change
Market Regulation, pursuant to delegated
is available at NYSE, the Commission’s
authority.15
Public Reference Room, and https://
Florence E. Harmon,
www.nyse.com.
Deputy Secretary.
[FR Doc. E7–689 Filed 1–18–07; 8:45 am]
BILLING CODE 8011–01–P
Electronic Comments
• Use the Commission’s Internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an e-mail to rulecomments@sec.gov. Please include File
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
12 15
1 15
13 17
2 17
U.S.C. 78s(b)(3)(A)(iii).
CFR 240.19b–4(f)(6).
14 NASD has satisfied the five-day pre-filing
requirement.
VerDate Aug<31>2005
18:10 Jan 18, 2007
Jkt 211001
2577
15 17
PO 00000
CFR 200.30–3(a)(12).
Frm 00088
Fmt 4703
Sfmt 4703
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).
E:\FR\FM\19JAN1.SGM
19JAN1
2578
Federal Register / Vol. 72, No. 12 / Friday, January 19, 2007 / Notices
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 eliminate,
effective January 1, 2007, the exemption
from equity trading fees applicable to
principal transactions by a member
organization in conjunction with
‘‘facilitating’’ a customer order of at
least 10,000 shares.5 The elimination of
this exemption is consistent with the
Exchange’s policy of simplifying its fee
structure by eliminating exemptions and
implementing a single-tier flat fee
structure.
2. Statutory Basis
The Exchange believes that the
proposed rule change is consistent with
the objectives of Section 6 of the Act 6
in general and furthers the objectives of
Section 6(b)(4) 7 in particular, in that it
is designed to provide for the 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 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
Written comments were neither
solicited nor received.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
sroberts on PROD1PC70 with NOTICES
The foregoing proposed rule change
has become effective upon filing
pursuant to Section 19(b)(3)(A) of the
Act 8 and Rule 19b–4(f)(2) 9 thereunder
because it establishes or changes a due,
5 For this purpose ‘‘facilitating’’ refers to taking
the other side of a customer’s order, or acquiring/
liquidating inventory to buy/sell to a customer at
an agreed-upon price.
6 15 U.S.C. 78f.
7 15 U.S.C. 78f(b)(4).
8 15 U.S.C. 78s(b)(3)(A).
9 17 CFR 19b–4(f)(2).
VerDate Aug<31>2005
18:10 Jan 18, 2007
Jkt 211001
fee, or other charge imposed by the
Exchange.
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.
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 (https://www.sec.gov/
rules/sro.shtml); or
• Send an e-mail to rulecomments@sec.gov. Please include File
No. SR–NYSE–2006–117 on the subject
line.
Number SR–NYSE–2006–117 and
should be submitted on or before
February 9, 2007.
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.10
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 07–139 Filed 1–18–07; 8:45 am]
BILLING CODE 8011–01–M
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–55109; File No. SR–
NYSEArca–2007–05]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Filing of Proposed
Rule Change Regarding a Proposed
Combination Between NYSE Group,
Inc. and Euronext N.V.
January 16, 2007.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934, as
amended, (‘‘Exchange Act’’) 1 and Rule
19b–4 thereunder,2 notice is hereby
given that on January 12, 2007, NYSE
Paper Comments
Arca, Inc. (‘‘NYSE Arca’’ or ‘‘Exchange’’)
• Send paper comments in triplicate
filed with the Securities and Exchange
to Nancy M. Morris, Secretary,
Commission (‘‘Commission’’) the
Securities and Exchange Commission,
proposed rule change as described in
100 F Street, NE., Washington, DC
Items I, II, and III below, which Items
20549–1090.
have been substantially prepared by the
Exchange. The Commission is
All submissions should refer to File
publishing this notice to solicit
Number SR–NYSE–2006–117. This file
comments on the proposed rule change
number should be included on the
subject line if e-mail is used. To help the from interested persons.
Commission process and review your
I. Self-Regulatory Organization’s
comments more efficiently, please use
Statement of the Terms of Substance of
only one method. The Commission will the Proposed Rule Change
post all comments on the Commissions
NYSE Arca is submitting the
Internet Web site (https://www.sec.gov/
proposed rule change to the
rules/sro.shtml). Copies of the
Commission in connection with the
submission, all subsequent
proposed business combination (the
amendments, all written statements
‘‘Combination’’) of NYSE Group, Inc., a
with respect to the proposed rule
Delaware corporation (‘‘NYSE Group’’),
change that are filed with the
with Euronext N.V., a company
Commission, and all written
organized under the laws of The
communications relating to the
Netherlands (‘‘Euronext’’). As a result of
proposed rule change between the
Commission and any person, other than the Combination, the businesses of
NYSE Group (including that of NYSE
those that may be withheld from the
Arca) and Euronext will be held under
public in accordance with the
a single, publicly traded holding
provisions of 5 U.S.C. 552, will be
company named NYSE Euronext, a
available for inspection and copying in
Delaware corporation (‘‘NYSE
the Commission’s Public Reference
Room. Copies of such filing also will be Euronext’’). The Combination involves
certain modifications to the
available for inspection and copying at
organizational documents of NYSE
the principal office of the NYSE. All
Group,3 the current indirect parent
comments received will be posted
without change; the Commission does
10 17 CFR 200.30–3(a)(12).
not edit personal identifying
1 15 U.S.C. 78s(b)(l).
information from submissions. You
2 17 CFR 240.19b–4.
should submit only information that
3 Upon the consummation of the Combination,
you wish to make available publicly. All NYSE Group will be merged with and into Jefferson
Merger Sub, Inc. and the name of Jefferson Merger
submissions should refer to File
PO 00000
Frm 00089
Fmt 4703
Sfmt 4703
E:\FR\FM\19JAN1.SGM
19JAN1
]]>Agencies
[Federal Register Volume 72, Number 12 (Friday, January 19, 2007)]
[Notices]
[Pages 2577-2578]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 07-139]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-55069; File No. SR-NYSE-2006-117]
Self-Regulatory Organizations; New York Stock Exchange LLC;
Notice of Filing and Immediate Effectivenes of Proposed Rule Change to
Eliminate the Exemption from Equity Trading Fees for Principal
Transactions by a Member Organization ``Facilitating'' a Customer Order
of at Least 10,000 Shares
January 9, 2007.
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 22, 2006, the New York Stock Exchange LLC (``Exchange'' or
``NYSE'') 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 substantially prepared by the
Exchange. NYSE has designated this proposal as one establishing or
changing a due, fee, or other charge imposed by NYSE under Section
19(b)(3)(A)(ii) of the Act \3\ and Rule 19b-4(f)(2) thereunder,\4\
which renders the proposed rule change effective upon filing with the
Commission. 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)(ii).
\4\ 17 CFR 240.19b-4(f)(2).
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The Exchange proposes to eliminate, effective January 1, 2007, the
exemption from equity trading fees applicable to principal transactions
by a member organization in conjunction with ``facilitating'' a
customer order of at least 10,000 shares.
The text of the proposed rule change is available at NYSE, the
Commission's Public Reference Room, and https://www.nyse.com.
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
[[Page 2578]]
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 eliminate, effective January 1, 2007, the
exemption from equity trading fees applicable to principal transactions
by a member organization in conjunction with ``facilitating'' a
customer order of at least 10,000 shares.\5\ The elimination of this
exemption is consistent with the Exchange's policy of simplifying its
fee structure by eliminating exemptions and implementing a single-tier
flat fee structure.
---------------------------------------------------------------------------
\5\ For this purpose ``facilitating'' refers to taking the other
side of a customer's order, or acquiring/liquidating inventory to
buy/sell to a customer at an agreed-upon price.
---------------------------------------------------------------------------
2. Statutory Basis
The Exchange believes that the proposed rule change is consistent
with the objectives of Section 6 of the Act \6\ in general and furthers
the objectives of Section 6(b)(4) \7\ in particular, in that it is
designed to provide for the equitable allocation of reasonable dues,
fees and other charges among its members and other persons using its
facilities.
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78f.
\7\ 15 U.S.C. 78f(b)(4).
---------------------------------------------------------------------------
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 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
Written comments were neither solicited nor received.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
The foregoing proposed rule change has become effective upon filing
pursuant to Section 19(b)(3)(A) of the Act \8\ and Rule 19b-4(f)(2) \9\
thereunder because it establishes or changes a due, fee, or other
charge imposed by the Exchange.
---------------------------------------------------------------------------
\8\ 15 U.S.C. 78s(b)(3)(A).
\9\ 17 CFR 19b-4(f)(2).
---------------------------------------------------------------------------
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.
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 (https://
www.sec.gov/rules/sro.shtml); or
Send an e-mail to rule-comments@sec.gov. Please include
File No. SR-NYSE-2006-117 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-NYSE-2006-117. 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 Commissions Internet Web site (https://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
NYSE. 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-
NYSE-2006-117 and should be submitted on or before February 9, 2007.
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\10\
---------------------------------------------------------------------------
\10\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 07-139 Filed 1-18-07; 8:45 am]
BILLING CODE 8011-01-M
