Roundtable on Interactive Data: Creating Interactive Data To Serve Investors, 12640 [E7-4892]

Download as PDF 12640 Federal Register / Vol. 72, No. 51 / Friday, March 16, 2007 / Notices Order or Principal Order 6 due to an untimely response will provide an opportunity for the transmittal of responses while also allowing a Participant’s members to execute orders on their own exchanges in a timely manner. III. Discussion After careful consideration, the Commission finds that the proposed amendment to the Linkage Plan is consistent with the requirements of the Act and the rules and regulations thereunder.7 Specifically, the Commission finds that the proposed amendment to the Linkage Plan is consistent with Section 11A of the Act 8 and Rule 608 thereunder 9 in that it is appropriate in the public interest, for the protection of investors and the maintenance of fair and orderly markets. Specifically, the Commission believes that reducing the time required by a Participant to respond to a Linkage Order and the amount of time a member sending a Linkage Order must wait before trading through a nonresponsive Participant should facilitate the more timely execution of orders across the options markets. In addition, the Commission finds that it is appropriate to summarily put into effect Joint Amendment No. 22 upon publication of this notice on a temporary basis for 120 days. The Commission believes that such action is appropriate in the public interest, for the protection of investors and the maintenance of fair and orderly markets, because it will facilitate implementation of the Joint Amendment No. 22 in conjunction with the commencement of options penny quoting pilot program. IV. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether proposed Joint Amendment No. 22 is consistent with the Act. Comments may be submitted by any of the following methods: sroberts on PROD1PC70 with NOTICES 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 Number 4–429 on the subject line. 6 See Section 2(16)(a) and (b) of the Linkage Plan, respectively. 7 In summarily putting into effect this Joint Amendment No. 22, the Commission has considered its impact on efficiency, competition, and capital formation. 8 15 U.S.C. 78k–1. 9 17 CFR 242.608. VerDate Aug<31>2005 15:24 Mar 15, 2007 Jkt 211001 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 4–429. 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 (https://www.sec.gov/rules/ sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to proposed Joint Amendment No. 22 that are filed with the Commission, and all written communications relating to proposed Joint Amendment No. 22 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 filings also will be available for inspection and copying at the principal offices of the Amex, BSE, CBOE, ISE, NYSE Arca, and Phlx. 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 publicly available. All submissions should refer to File Number 4–429 and should be submitted on or before April 6, 2007. V. Conclusion It is therefore ordered, pursuant to Section 11A of the Act 10 and Rule 608(b)(4) thereunder,11 that Joint Amendment No. 22 is summarily put into effect until July 16, 2007. For the Commission, by the Division of Market Regulation, pursuant to delegated authority.12 Florence E. Harmon, Deputy Secretary. [FR Doc. E7–4783 Filed 3–15–07; 8:45 am] BILLING CODE 8010–01–P U.S.C. 78k–1. CFR 242.608(b)(4). 12 17 CFR 200.30–3(a)(29). 11 17 Frm 00051 Fmt 4703 [Release Nos. 33–8786, 34–55456; File No. 4–515] Roundtable on Interactive Data: Creating Interactive Data To Serve Investors Securities and Exchange Commission. AGENCY: ACTION: Notice of roundtable meeting. SUMMARY: On Monday, March 19, 2007, the Securities and Exchange Commission will hold a roundtable discussion on creating interactive data to serve investors. The event begins with remarks from SEC Chairman Cox and an address by Vanguard Group Chairman and CEO John J. Brennan on the use of interactive data by public companies and mutual funds to improve disclosure for individual investors. Following Mr. Brennan’s remarks, John W. White, Director of the Commission’s Division of Corporation Finance, will discuss the use of interactive data to create better disclosure documents. The roundtable will also feature a panel discussion on the benefits, including potential cost savings, of preparing financial reports using interactive data written in a computer language called XBRL. Panelists will include executives at public companies currently providing investors with interactive data on a test basis as part of the SEC’s voluntary filing program. The panel will be moderated by Chicago Sun-Times personal finance columnist Terry Savage. Richard Bennett, Chief Executive Officer of The Corporate Library, will provide closing remarks and discuss the significance of interactive data for corporate governance. The roundtable will take place at the Commission’s headquarters at 100 F Street, NE., Auditorium, Room L–002, Washington, DC at 10 a.m. The public is invited to observe the roundtable discussions. Seating is available on a first-come, first-serve basis. FOR FURTHER INFORMATION CONTACT: Brigitte Lippmann at (202) 551–3713. 10 15 PO 00000 SECURITIES AND EXCHANGE COMMISSION Sfmt 4703 Dated: March 13, 2007. By the Commission. Nancy M. Morris, Secretary. [FR Doc. E7–4892 Filed 3–15–07; 8:45 am] BILLING CODE 8010–01–P E:\FR\FM\16MRN1.SGM 16MRN1

Agencies

[Federal Register Volume 72, Number 51 (Friday, March 16, 2007)]
[Notices]
[Page 12640]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-4892]


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SECURITIES AND EXCHANGE COMMISSION

[Release Nos. 33-8786, 34-55456; File No. 4-515]


Roundtable on Interactive Data: Creating Interactive Data To 
Serve Investors

AGENCY: Securities and Exchange Commission.

ACTION: Notice of roundtable meeting.

-----------------------------------------------------------------------

SUMMARY: On Monday, March 19, 2007, the Securities and Exchange 
Commission will hold a roundtable discussion on creating interactive 
data to serve investors. The event begins with remarks from SEC 
Chairman Cox and an address by Vanguard Group Chairman and CEO John J. 
Brennan on the use of interactive data by public companies and mutual 
funds to improve disclosure for individual investors. Following Mr. 
Brennan's remarks, John W. White, Director of the Commission's Division 
of Corporation Finance, will discuss the use of interactive data to 
create better disclosure documents. The roundtable will also feature a 
panel discussion on the benefits, including potential cost savings, of 
preparing financial reports using interactive data written in a 
computer language called XBRL. Panelists will include executives at 
public companies currently providing investors with interactive data on 
a test basis as part of the SEC's voluntary filing program. The panel 
will be moderated by Chicago Sun-Times personal finance columnist Terry 
Savage. Richard Bennett, Chief Executive Officer of The Corporate 
Library, will provide closing remarks and discuss the significance of 
interactive data for corporate governance.
    The roundtable will take place at the Commission's headquarters at 
100 F Street, NE., Auditorium, Room L-002, Washington, DC at 10 a.m. 
The public is invited to observe the roundtable discussions. Seating is 
available on a first-come, first-serve basis.

FOR FURTHER INFORMATION CONTACT: Brigitte Lippmann at (202) 551-3713.

    Dated: March 13, 2007.

    By the Commission.
Nancy M. Morris,
Secretary.
 [FR Doc. E7-4892 Filed 3-15-07; 8:45 am]
BILLING CODE 8010-01-P
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