Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to the Extension of the Pilot Period Applicable to CBOE's Listing and Trading of Options on the iShares MSCI Emerging Markets Index Fund, 28090-28091 [E7-9571]

Download as PDF 28090 Federal Register / Vol. 72, No. 96 / Friday, May 18, 2007 / Notices 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 Room. Copies of such filing also will be available for inspection and copying at the principal office of the Amex. 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–Amex–2007–42 and should be submitted on or before June 8, 2007. For the Commission, by the Division of Market Regulation, pursuant to delegated authority.8 Jill M. Peterson, Assistant Secretary. [FR Doc. E7–9570 Filed 5–17–07; 8:45 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–55758; File No. SR–CBOE– 2007–43] Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to the Extension of the Pilot Period Applicable to CBOE’s Listing and Trading of Options on the iShares MSCI Emerging Markets Index Fund pwalker on PROD1PC71 with NOTICES May 14, 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 May 3, 2007, the Chicago Board Options Exchange, Incorporated (‘‘CBOE’’ or ‘‘Exchange’’) filed with the Securities 8 17 CFR 200.30–3(a)(12). U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 1 15 VerDate Aug<31>2005 17:06 May 17, 2007 Jkt 211001 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. The Exchange filed the proposed rule change as a ‘‘non-controversial’’ proposed rule change pursuant to Section 19(b)(3)(A) 3 of the Act and Rule 19b–4(f)(6) 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 extend the pilot period applicable to CBOE’s listing and trading of options on the iShares MSCI Emerging Markets Index Fund (‘‘Fund Options’’). CBOE is not proposing any textual changes to its rules. 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. CBOE 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 On April 10, 2006, the Commission approved a CBOE proposal to list and trade Fund Options for a sixty-day pilot period that was due to expire on June 9, 2006 (‘‘Pilot’’).5 On June 1, 2006, the Pilot was extended for an additional 90 days, until September 7, 2006.6 On August 22, 2006, the Pilot was extended for an additional 90 days, until December 7, 2006.7 On December 5, 3 15 U.S.C. 78s(b)(3)(A). CFR 240.19b–4(f)(6). 5 See Securities Exchange Act Release No. 53621 (April 10, 2006), 71 FR 19568 (April 14, 2006) (SR– CBOE–2006–32). 6 See Securities Exchange Act Release No. 53930 (June 1, 2006), 71 FR 33322 (June 8, 2006) (SR– CBOE–2006–56). 7 See Securities Exchange Act Release No. 54347 (August 22, 2006), 71 FR 51242 (August 29, 2006) (SR–CBOE–2006–72). 4 17 PO 00000 Frm 00072 Fmt 4703 Sfmt 4703 2006, the Pilot was extended for an additional six months, until June 7, 2007.8 CBOE now proposes to extend the Pilot for an additional six months, until December 7, 2007. The Exchange represents that the Fund Options continue to meet substantially all of the listing and maintenance standards in CBOE Rules 5.3.06 and 5.4.08, respectively. For the requirements that are not met, the Exchange represents that sufficient mechanisms exist that would provide the Exchange with adequate surveillance and regulatory information with respect to the Fund. Continuation of the Pilot would permit the Exchange to continue to work with the Bolsa Mexicana de Valores to develop a surveillance sharing agreement. 2. Statutory Basis The Exchange believes that the proposed rule change is consistent with Section 6(b) of the Act,9 in general, and furthers the objectives of Section 6(b)(5) of the Act,10 in particular, because it is designed to promote just and equitable principles of trade, to prevent fraudulent and manipulative acts and practices, and, in general, to protect investors and the public interest. B. Self-Regulatory Organization’s Statement on Burden on Competition The Exchange does not believe that the proposed rule change would 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 The Exchange has neither solicited nor received written comments on the proposed rule change. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Because the proposed rule change does not: (i) Significantly affect the protection of investors or the public interest; (ii) impose any significant burden on competition; and (iii) become operative for 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), the proposed rule change has become effective pursuant to 8 See Securities Exchange Act Release No. 54876 (December 5, 2006), 71 FR 74968 (December 13, 2006) (SR–CBOE–2006–103). 9 15 U.S.C. 78f(b). 10 15 U.S.C. 78f(b)(5). E:\FR\FM\18MYN1.SGM 18MYN1 Federal Register / Vol. 72, No. 96 / Friday, May 18, 2007 / Notices 28091 Section 19(b)(3)(A) of the Act 11 and subparagraph (f)(6) of Rule 19b–4 thereunder.12 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 the furtherance of the purposes of the Act. information from submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR–CBOE–2007–43 and should be submitted on or before June 8, 2007. SMALL BUSINESS ADMINISTRATION For the Commission, by the Division of Market Regulation, pursuant to delegated authority.13 Jill M. Peterson, Assistant Secretary. [FR Doc. E7–9571 Filed 5–17–07; 8:45 am] ACTION: 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: BILLING CODE 8010–01–P pwalker on PROD1PC71 with NOTICES 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–2007–43 on the subject line. [License No. 02/72–0611] DATES: Quad Venture Partners SBIC, LP; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest BILLING CODE 8025–01–P 17:06 May 17, 2007 13 17 Jkt 211001 Small Business Administration. Amendment 1. AGENCY: SMALL BUSINESS ADMINISTRATION 11 15 VerDate Aug<31>2005 Kansas Disaster Number KS–00018 SUMMARY: This is an amendment of the Presidential declaration of a major disaster for the State of Kansas ( FEMA– 1699–DR), dated 05/06/2007. Incident: Severe Storms, Tornadoes, and Flooding. Incident Period: 05/04/2007 and continuing. Notice is hereby given that Quad Venture Partners SBIC, L.P., 650 Fifth Avenue, 31st Floor, New York, NY 10019, a Federal Licensee under the Small Business Investment Act of 1958, as amended (‘‘the Act’’), in connection with the Licensee’s General Partner’s continued role in managing the Paper Comments Licensee’s assets after the sale of such • Send paper comments in triplicate assets to a buyer group, has sought an to Nancy M. Morris, Secretary, exemption under section 312 of the Act Securities and Exchange Commission, and section 107.730(a), self-deal which 100 F Street, NE., Washington, DC constitutes Conflicts of Interest of the 20549–1090. Small Business Administration (‘‘SBA’’) All submissions should refer to File rules. Quad Ventures SBIC, Inc., the Number SR–CBOE–2007–43. This file General Partner of the Licensee, number should be included on the proposes to continue managing the subject line if e-mail is used. To help the Licensee’s assets, which will be Commission process and review your acquired by a group of institutional comments more efficiently, please use buyers (‘‘Buyer Group’’). only one method. The Commission will The management arrangement is post all comments on the Commission’s brought within the purview of Sec. Internet Web site (http://www.sec.gov/ 107.730(a) of the Regulations because rules/sro.shtml). Copies of the the Licensee’s mangers will benefit from submission, all subsequent their continued management role after amendments, all written statements the sale of the portfolio to the Buyer with respect to the proposed rule Group. Therefore, this management change that are filed with the arrangement constitutes a conflict of Commission, and all written interest which requires prior SBA’s communications relating to the approval. proposed rule change between the Notice is hereby given that any Commission and any person, other than interested person may submit written those that may be withheld from the comments on the transaction, within 15 public in accordance with the days of the date of this publication, to provisions of 5 U.S.C. 552, will be the Associate Administrator for available for inspection and copying in Investment, U.S. Small Business the Commission’s Public Reference Administration, 409 Third Street, SW, Room. Copies of such filing also will be Washington, DC 20416. available for inspection and copying at Dated: May 8, 2007. the principal office of CBOE. All Jaime Guzman-Fournier, comments received will be posted Associate Administrator for Investment. without change; the Commission does [FR Doc. E7–9582 Filed 5–17–07; 8:45 am] not edit personal identifying U.S.C. 78s(b)(3)(A). 12 17 CFR 240.19b–4(f)(6). [Disaster Declaration # 10866 and # 10867] PO 00000 CFR 200.30–3(a)(12). Frm 00073 Fmt 4703 Sfmt 4703 Effective Date: 05/11/2007. Physical Loan Application Deadline Date: 07/05/2007. EIDL Loan Application Deadline Date: 02/06/2008. ADDRESSES: Submit completed loan applications to: U.S. Small Business Administration, Processing And Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155. FOR FURTHER INFORMATION CONTACT: A. Escobar, Office of Disaster Assistance, U.S. Small Business Administration, 409 3rd Street, SW, Suite 6050, Washington, DC 20416. SUPPLEMENTARY INFORMATION: The notice of the Presidential disaster declaration for the State of Kansas, dated 05/06/ 2007 is hereby amended to include the following areas as adversely affected by the disaster: Primary Counties: Edwards, Pratt, Stafford. Contiguous Counties: Kansas: Barton, Hodgeman, Kingman, Pawnee, Reno, Rice. All other information in the original declaration remains unchanged. (Catalog of Federal Domestic Assistance Numbers 59002 and 59008) James E. Rivera, Acting Associate Administrator for Disaster Assistance. [FR Doc. E7–9581 Filed 5–17–07; 8:45 am] BILLING CODE 8025–01–P SMALL BUSINESS ADMINISTRATION [Disaster Declaration #10857 and #10858] New Hampshire Disaster Number NH– 00004 Small Business Administration. Amendment 2. AGENCY: ACTION: SUMMARY: This is an amendment of the Presidential declaration of a major disaster for the State of New Hampshire (FEMA–1695–DR), dated 04/27/2007. Incident: Severe Storms and Flooding. E:\FR\FM\18MYN1.SGM 18MYN1

Agencies

[Federal Register Volume 72, Number 96 (Friday, May 18, 2007)]
[Notices]
[Pages 28090-28091]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-9571]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-55758; File No. SR-CBOE-2007-43]


Self-Regulatory Organizations; Chicago Board Options Exchange, 
Incorporated; Notice of Filing and Immediate Effectiveness of a 
Proposed Rule Change Relating to the Extension of the Pilot Period 
Applicable to CBOE's Listing and Trading of Options on the iShares MSCI 
Emerging Markets Index Fund

 May 14, 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 May 3, 2007, 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, II, and III below, which Items have been substantially 
prepared by the Exchange. The Exchange filed the proposed rule change 
as a ``non-controversial'' proposed rule change pursuant to Section 
19(b)(3)(A) \3\ of the Act and Rule 19b-4(f)(6) 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.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ 15 U.S.C. 78s(b)(3)(A).
    \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

    The Exchange proposes to extend the pilot period applicable to 
CBOE's listing and trading of options on the iShares MSCI Emerging 
Markets Index Fund (``Fund Options''). CBOE is not proposing any 
textual changes to its rules.

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. CBOE 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
    On April 10, 2006, the Commission approved a CBOE proposal to list 
and trade Fund Options for a sixty-day pilot period that was due to 
expire on June 9, 2006 (``Pilot'').\5\ On June 1, 2006, the Pilot was 
extended for an additional 90 days, until September 7, 2006.\6\ On 
August 22, 2006, the Pilot was extended for an additional 90 days, 
until December 7, 2006.\7\ On December 5, 2006, the Pilot was extended 
for an additional six months, until June 7, 2007.\8\
---------------------------------------------------------------------------

    \5\ See Securities Exchange Act Release No. 53621 (April 10, 
2006), 71 FR 19568 (April 14, 2006) (SR-CBOE-2006-32).
    \6\ See Securities Exchange Act Release No. 53930 (June 1, 
2006), 71 FR 33322 (June 8, 2006) (SR-CBOE-2006-56).
    \7\ See Securities Exchange Act Release No. 54347 (August 22, 
2006), 71 FR 51242 (August 29, 2006) (SR-CBOE-2006-72). 7
    \8\ See Securities Exchange Act Release No. 54876 (December 5, 
2006), 71 FR 74968 (December 13, 2006) (SR-CBOE-2006-103).
---------------------------------------------------------------------------

    CBOE now proposes to extend the Pilot for an additional six months, 
until December 7, 2007. The Exchange represents that the Fund Options 
continue to meet substantially all of the listing and maintenance 
standards in CBOE Rules 5.3.06 and 5.4.08, respectively. For the 
requirements that are not met, the Exchange represents that sufficient 
mechanisms exist that would provide the Exchange with adequate 
surveillance and regulatory information with respect to the Fund. 
Continuation of the Pilot would permit the Exchange to continue to work 
with the Bolsa Mexicana de Valores to develop a surveillance sharing 
agreement.
2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent 
with Section 6(b) of the Act,\9\ in general, and furthers the 
objectives of Section 6(b)(5) of the Act,\10\ in particular, because it 
is designed to promote just and equitable principles of trade, to 
prevent fraudulent and manipulative acts and practices, and, in 
general, to protect investors and the public interest.
---------------------------------------------------------------------------

    \9\ 15 U.S.C. 78f(b).
    \10\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------

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

    The Exchange does not believe that the proposed rule change would 
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

    The Exchange has neither solicited nor received written comments on 
the proposed rule change.

III. Date of Effectiveness of the Proposed Rule Change and Timing for 
Commission Action

    Because the proposed rule change does not: (i) Significantly affect 
the protection of investors or the public interest; (ii) impose any 
significant burden on competition; and (iii) become operative for 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), the proposed rule change has become effective 
pursuant to

[[Page 28091]]

Section 19(b)(3)(A) of the Act \11\ and subparagraph (f)(6) of Rule 
19b-4 thereunder.\12\
---------------------------------------------------------------------------

    \11\ 15 U.S.C. 78s(b)(3)(A).
    \12\ 17 CFR 240.19b-4(f)(6).
---------------------------------------------------------------------------

    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 the 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 (http://
www.sec.gov/rules/sro.shtml); or
     Send an e-mail to rule-comments@sec.gov. Please include 
File Number SR-CBOE-2007-43 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-CBOE-2007-43. 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 Room. Copies of such 
filing also will be available for inspection and copying at the 
principal office of 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-2007-43 and should be submitted on or before June 8, 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. E7-9571 Filed 5-17-07; 8:45 am]
BILLING CODE 8010-01-P