Federal Register Citation of Previous Announcement: [72 FR 5090, February 2, 2007], 6299 [07-610]

Download as PDF Federal Register / Vol. 72, No. 27 / Friday, February 9, 2007 / Notices the costs of Commission rules. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a currently valid OMB control number. Written comments are invited on: (a) Whether the collections of information are necessary for the proper performance of the functions of the Commission, including whether the information has practical utility; (b) the accuracy of the Commission’s estimate of the burdens of the collections of information; (c) ways to enhance the quality, utility, and clarity of the information collected; and (d) ways to minimize the burdens of the collections 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 send an e-mail to: PRA_Mailbox@sec.gov. Dated: February 5, 2007. Florence E. Harmon, Deputy Secretary. [FR Doc. E7–2170 Filed 2–8–07; 8:45 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION Sunshine Act Meeting Federal Register Citation of Previous Announcement: [72 FR 5090, February 2, 2007] STATUS: PLACE: Closed Meeting. 100 F Street, NE., Washington, DC. DATE AND TIME OF PREVIOUSLY ANNOUNCED MEETING: Thursday, February 8, 2007 at 2 p.m. Time Change. The Closed Meeting scheduled for Thursday, February 8, 2007 at 2 p.m. has been changed to Thursday, February 8, 2007 at 10 a.m. At times, changes in Commission priorities require alterations in the scheduling of meeting items. For further information and to ascertain what, if any, matters have been added, deleted or postponed, please contact the Office of the Secretary at (202) 551–5400. jlentini on PROD1PC65 with NOTICES CHANGE IN THE MEETING: VerDate Aug<31>2005 21:06 Feb 08, 2007 Jkt 211001 6299 Dated: February 6, 2007. Nancy M. Morris, Secretary. [FR Doc. 07–610 Filed 2–7–07; 10:52 am] has substantially prepared summaries, set forth in Sections A, B, and C below, of the most significant aspects of such statements. BILLING CODE 8010–01–P A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change SECURITIES AND EXCHANGE COMMISSION [Release No. 34–55229; File No. SR–Amex– 2007–12] Self-Regulatory Organizations; American Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to a Clarification to the Exchange’s Payment for Order Flow Plan February 2, 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 January 22, 2007, the American Stock Exchange LLC (‘‘Amex’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change as described in Items I, II, and III below, which Items have been substantially prepared by the Exchange. Amex has designated this proposal as one establishing or changing a due, fee, or other charge imposed by Amex under Section 19(b)(3)(A)(ii) of the Act 3 and Rule 19b–4(f)(2) thereunder,4 which renders the 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 Exchange proposes to clarify the current Payment for Order Flow Plan with respect to funds collected from Supplemental Registered Options Traders (‘‘SROTs’’). 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. Amex 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 PO 00000 Frm 00106 Fmt 4703 Sfmt 4703 1. Purpose The Exchange adopted its current Payment for Order Flow Plan in February of 2006.5 Under the current plan, the Exchange charges an equity options marketing fee of $0.75 per contract 6 solely to customer orders that are from payment accepting firms with whom a specialist or a Supplemental Registered Options Trader (‘‘SROT’’), has negotiated a payment for order flow arrangement.7 This fee solely applies to those orders which are executed electronically through the Exchange’s ANTE system. As noted in the Exchange’s previous Payment for Order Flow filings, fees are collected from any SROT, specialist or ROT who participates in a trade with a payment accepting firm with whom a specialist has negotiated a payment for order flow arrangement, or with whom an SROT has negotiated a payment with an affiliated SROT. The Exchange proposes to clarify the current Payment for Order Flow Plan to limit the spending of funds collected from SROTs, which are allocated to a specialist, when the SROT participates in a trade where the specialist has negotiated a payment for order flow arrangement. In these instances, the Exchange proposes to require that the specialist be limited to spending any SROT collected funds only in those options classes in which the SROT is able to trade. 2. Statutory Basis The Exchange believes that the proposed rule change is consistent with Section 6(b) of the Act 8 in general, and Section 6(b)(4) of the Act 9 in particular, because it is an equitable allocation of reasonable dues, fees, and other charges among exchange members and other persons using exchange facilities. 5 See Securities Exchange Act Release No. 53341 (February 21, 2006), 71 FR 10085 (February 28, 2006) (approving SR–Amex 2006–15). 6 The fee is $1.00 for SPDR contracts. 7 See Securities Exchange Act Release Nos. 54324 (August 16, 2006), 71 FR 50110 (August 24, 2006) (SR–Amex 2006–63); and 54486 (September 22, 2006), 71 FR 57009 (September 28, 2006) (SR–Amex 2006–79). 8 15 U.S.C. 78f(b). 9 15 U.S.C. 78f(b)(4). E:\FR\FM\09FEN1.SGM 09FEN1

Agencies

[Federal Register Volume 72, Number 27 (Friday, February 9, 2007)]
[Notices]
[Page 6299]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 07-610]


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SECURITIES AND EXCHANGE COMMISSION

Sunshine Act Meeting


Federal Register Citation of Previous Announcement: [72 FR 5090, 
February 2, 2007]

STATUS: Closed Meeting.

PLACE: 100 F Street, NE., Washington, DC.

DATE AND TIME OF PREVIOUSLY ANNOUNCED MEETING: Thursday, February 8, 
2007 at 2 p.m.

CHANGE IN THE MEETING: Time Change.
    The Closed Meeting scheduled for Thursday, February 8, 2007 at 2 
p.m. has been changed to Thursday, February 8, 2007 at 10 a.m.
    At times, changes in Commission priorities require alterations in 
the scheduling of meeting items. For further information and to 
ascertain what, if any, matters have been added, deleted or postponed, 
please contact the Office of the Secretary at (202) 551-5400.

    Dated: February 6, 2007.
Nancy M. Morris,
Secretary.
[FR Doc. 07-610 Filed 2-7-07; 10:52 am]
BILLING CODE 8010-01-P

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