Self-Regulatory Organizations; Philadelphia Stock Exchange, Inc.; Order Approving Proposed Rule Change and Amendments No. 2 and No. 4 Thereto Relating to Order and Decorum Regulations, 31363-31364 [E7-10872]
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Federal Register / Vol. 72, No. 108 / Wednesday, June 6, 2007 / Notices
the proposed rule change would align
Nasdaq’s corporate governance listing
standards regarding related party
transactions with comparable provisions
of other exchanges.
The Commission finds good cause
pursuant to Section 19(b)(2) of the Act11
to approve the proposed rule change
prior to the thirtieth day after
publication for comment in the Federal
Register. As noted above, the proposed
rule change would amend Nasdaq’s
corporate governance listing standards
regarding related party transactions by
conforming these standards with
comparable provisions of other
exchanges, and thus the proposed rule
change does not present any new
regulatory issues. Accelerating approval
of the proposed rule change would
promote greater uniformity among the
exchanges’ corporate governance rules
for listed issuers.
It is therefore ordered, pursuant to
Section 19(b)(2) of the Act, that the
proposed rule change (SR–NASDAQ–
2007–022), as modified by Amendment
No. 1, be, and it hereby is, approved on
an accelerated basis.12
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.13
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–10791 Filed 6–5–07; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–55812; File No. SR–Phlx–
2006–61]
Self-Regulatory Organizations;
Philadelphia Stock Exchange, Inc.;
Order Approving Proposed Rule
Change and Amendments No. 2 and
No. 4 Thereto Relating to Order and
Decorum Regulations
May 24, 2007.
jlentini on PROD1PC65 with NOTICES
I. Introduction
On September 26, 2006, the
Philadelphia Stock Exchange, Inc.
(‘‘Phlx’’ or ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’), pursuant to Section
19(b)(1) of the Securities Exchange Act
of 1934 (‘‘Act’’) 1 and Rule 19b–4
thereunder,2 a proposed rule change to
amend the Exchange’s Option Order and
Decorum Regulations. On November 14,
1115
U.S.C. 78s(b)(2).
U.S.C. 78s(b)(2).
13 17 CFR 200.30–3(a)(12).
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
12 15
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16:59 Jun 05, 2007
Jkt 211001
2006, the Exchange filed Amendment
No. 1 to the proposed rule change,
which was subsequently withdrawn.3
On January 19, 2007, the Exchange filed
Amendment No. 2 to the proposed rule
change.4 The proposed rule change, as
amended, was published for comment
in the Federal Register on March 27,
2007.5 The Commission received no
comments regarding the proposal. On
May 4, 2007, the Exchange filed
Amendment No. 3 to the proposed rule
change, which was subsequently
withdrawn.6 On May 14, 2007, the
Exchange filed Amendment No. 4 to the
proposed rule change.7 This order
approves the proposed rule change, as
amended.
II. Description of Proposal
The Exchange proposes to amend the
Exchange’s Option Order and Decorum
Regulation 2 (Food, Liquids and
Beverages); Regulation 4 (Order);
Regulation 5 (Visitors and Applicants);
and Regulation 6 (Dress), pursuant to
Exchange Rule 60. The Exchange’s
amendments to these Exchange
regulations include the following:
(i) An amendment to Exchange
Regulation 2 that (1) Allows Exchange
members and associated persons to
consume foods, liquids and beverages
on the Exchange’s trading floor,
provided that such consumption does
not unreasonably interfere with
business on the trading floor, (2) adds
language concerning vandalism, (3)
increases the fines associated with
violations of Exchange Regulation 2, (4)
adds additional fines for violating trash,
litter and vandalism regulations, and (5)
changes the title of the Exchange
Regulation 2 from ‘‘Food, Liquids and
Beverages’’ to ‘‘Food, Liquids and
Beverages, Trash, Litter and
Vandalism;’’
(ii) An amendment to Exchange
Regulation 4 that adds language
clarifying that the use of profanity is a
violation of this Regulation;
(iii) An amendment to Exchange
Regulation 5 that authorizes an
Exchange official or Options Exchange
3 On January 12, 2007, Phlx withdrew
Amendment No. 1.
4 Amendment No. 2 replaced the original
proposed rule change in its entirety.
5 See Securities Exchange Act Release No. 55492
(March 20, 2007), 72 FR 14321 (‘‘Notice’’).
6 On May 14, 2007, Phlx withdrew Amendment
No. 3.
7 In Amendment No. 4, the Exchange deleted
proposed rule text from Exchange Regulation 2
regarding the registration of equipment on the
Exchange floor. This deletion conformed the
proposed rule text with changes the Exchange made
to the proposal in Amendment No. 2. This is a
technical amendment and is not subject to notice
and comment.
PO 00000
Frm 00095
Fmt 4703
Sfmt 4703
31363
Official to permit visitors on the trading
floor;
(iv) An Amendment to Exchange
Regulation 6 that (1) Clarifies what
business attire is deemed acceptable on
the trading floor, and (2) increases the
amount of fines associated with
violations of Exchange Regulation 6;
and
(v) Amendments to Exchange
Regulations 2, 4, 5 and 6 that add
language indicating that Exchange Staff
may impose fines for breaches of order,
decorum, health, safety and welfare on
the members, member organizations,
participants, participant organizations
and their associated persons.
III. Discussion and Commission
Findings
The Commission finds that the
proposed rule change is consistent with
the requirements of the Act and the
rules and regulations thereunder
applicable to a national securities
exchange.8 Specifically, the
Commission finds that the proposal 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, in that it is designed to
promote just and equitable principles of
trade, to remove impediments to and
perfect the mechanism of a free and
open market and a national market
system, and, in general to protect
investors and the public interest.
Specifically, the Commission finds that
proposed amendments to the
Exchange’s order and decorum
regulations would assist the Exchange
in maintaining an orderly operating
environment, which is consistent with
the protection of investors and the
public interest.
In addition, the Commission finds
that the proposal is consistent with
Section 6(b)(6) of the Act 11 which
requires the rules of an exchange
provide that its members be
appropriately disciplined for violations
of the Act as well as the rules and
regulations thereunder. Specifically, the
Commission finds that the Exchange’s
proposed disciplinary sanctions and
fines for violations of its order and
decorum regulations are consistent with
normal regulatory safeguards that an
exchange should provide under the Act
to ensure the order and operation of its
trading floor. In particular, these
proposed fines appear to provide an
8 In approving this proposed rule change the
Commission has considered the proposed rule’s
impact on efficiency, competition, and capital
formation. 15 U.S.C. 78c(f).
9 15 U.S.C. 78f(b).
10 15 U.S.C. 78f(b)(5).
11 15 U.S.C. 78f(b)(6).
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31364
Federal Register / Vol. 72, No. 108 / Wednesday, June 6, 2007 / Notices
appropriate sanction for violations of
the Exchange’s order and decorum rules
and should help to deter violations.
This proposed rule change also makes
clear that fines can be imposed against
the Exchange’s members, member
organizations, participants, participant
organizations and their associated
persons for violations of the Exchange’s
rules.
IV. Conclusion
It is therefore ordered, pursuant to
Section 19(b)(2) of the Act,12 that the
proposed rule change, as amended, is
approved.
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.13
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–10872 Filed 6–5–07; 8:45 am]
BILLING CODE 8010–01–P
DEPARTMENT OF TRANSPORTATION
[Docket No. OST–2007–27407]
National Surface Transportation
Infrastructure Financing Commission
Department of Transportation
(DOT).
ACTION: Notice of meeting location and
time.
jlentini on PROD1PC65 with NOTICES
AGENCY:
SUMMARY: This notice lists the location
and time of the second and third
meetings of the National Surface
Transportation Infrastructure Financing
Commission.
FOR FURTHER INFORMATION CONTACT: John
V. Wells, Chief Economist, U.S.
Department of Transportation, (202)
366–9224, jack.wells@dot.gov.
SUPPLEMENTARY INFORMATION: By
Federal Register Notice dated March 12,
2007, the U.S. Department of
Transportation (the ‘‘Department’’)
issued a notice of intent to form the
National Surface Transportation
Infrastructure Financing Commission
(the ‘‘Financing Commission’’), in
accordance with the requirements of the
Federal Advisory Committee Act
(‘‘FACA’’) (5 U.S.C. App. 2) and the
Safe, Accountable, Flexible, Efficient
Transportation Equity Act: A Legacy for
Users (‘‘SAFETEA–LU’’) (Pub. L. 109–
59, 119 Stat. 1144). Section 11142(a) of
SAFETEA–LU established the National
Surface Transportation Infrastructure
Financing Commission and charged it
with analyzing the future highway and
transit needs and the finances of the
12 15
13 17
U.S.C. 78s(b)(2).
CFR 200.30–3(a)(12).
VerDate Aug<31>2005
16:59 Jun 05, 2007
Jkt 211001
Highway Trust Fund and with making
recommendations regarding alternative
approaches to financing transportation
infrastructure. The Financing
Commission held its inaugural meeting
on April 25, 2007.
Notice of Meeting Location and Time
During its inaugural meeting, the
Financing Commission agreed to hold
its second and third meetings from 9:30
a.m. to 5 p.m. on Wednesday, June 20,
2007, and Monday, July 16, 2007. Both
meetings will be open to the public. The
meetings are scheduled to take place at
the Oklahoma City Memorial
Conference Room on the ground floor of
the west wing of the Department’s new
headquarters building, located at 1200
New Jersey Avenue, SE., Washington,
DC 20590.
If you need accommodations because
of a disability or require additional
information to attend either of these
meetings, please contact Robert Mariner
in the office of the Assistant Secretary
for Transportation Policy via e-mail at
robert.mariner@dot.gov, or by phone at
(202) 493–0064.
Issued on May 21, 2007.
John V. Wells,
Chief Economist, U.S. Department of
Transportation, Designated Federal Official.
[FR Doc. E7–10901 Filed 6–5–07; 8:45 am]
BILLING CODE 4910–9X–P
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
[Summary Notice No. PE–2007–23]
Petition for Exemption; Summary of
Petition Received
Federal Aviation
Administration (FAA), DOT.
ACTION: Notice of petition for exemption
received.
AGENCY:
SUMMARY: This notice contains a
summary of a petition seeking relief
from specified requirements of 14 CFR.
The purpose of this notice is to improve
the public’s awareness of, and
participation in, this aspect of FAA’s
regulatory activities. Neither publication
of this notice nor the inclusion or
omission of information in the summary
is intended to affect the legal status of
any petition or its final disposition.
DATES: Comments on petitions received
must identify the petition docket
number involved and must be received
on or before June 26, 2007.
ADDRESSES: You may send comments
identified by Docket Number FAA–
2007–27291 using any of the following
methods:
PO 00000
Frm 00096
Fmt 4703
Sfmt 4703
• DOT Docket Web site: Go to
https://www.dms.dot.gov and follow the
instructions for sending your comments
electronically.
• Government-wide rulemaking Web
site: Go to https://www.regulations.gov
and follow the instructions for sending
your comments electronically.
• Mail: Send comments to the Docket
Management Facility; U.S. Department
of Transportation, 1200 New Jersey
Avenue, SE., West Building Ground
Floor, Room W12–140, Washington, DC
20590.
• Fax: Fax comments to the Docket
Management Facility at 202–493–2251.
• Hand Delivery: Bring comments to
the Docket Management Facility in
Room W12–140 of the West Building
Ground Floor at 1200 New Jersey
Avenue, SE., Washington, DC, between
9 a.m. and 5 p.m., Monday through
Friday, except Federal holidays.
Privacy: We will post all comments
we receive, without change, to https://
www.dms.dot.gov, including any
personal information you provide.
Using the search function of our docket
Web site, anyone can find and read the
comments received into any of our
dockets, including the name of the
individual sending the comment (or
signing the comment for an association,
business, labor union, etc.). You may
review DOT’s complete Privacy Act
Statement in the Federal Register
published on April 11, 2000 (65 FR
19477–78).
FOR FURTHER INFORMATION CONTACT:
Tyneka Thomas (202) 267–7626 or
Frances Shaver (202) 267–9681, Office
of Rulemaking, Federal Aviation
Administration, 800 Independence
Avenue, SW., Washington, DC 20591.
This notice is published pursuant to
14 CFR 11.85.
Issued in Washington, DC, on May 29,
2007.
Pamela Hamilton-Powell,
Director, Office of Rulemaking.
Petition for Exemption
Docket No.: FAA–2007–27291.
Petitioner: Liberal Municipal Airport.
Section of 14 CFR affected:
139.319(h)(2)(i).
Description of relief sought: To allow
Liberal Municipal Airport to operate
without meeting the requirements for
aircraft rescue and fire fighting
equipment manned and ready to
respond for air carrier operations.
[FR Doc. 07–2822 Filed 6–5–07; 8:45 am]
BILLING CODE 4910–13–M
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]]>Agencies
[Federal Register Volume 72, Number 108 (Wednesday, June 6, 2007)]
[Notices]
[Pages 31363-31364]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-10872]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-55812; File No. SR-Phlx-2006-61]
Self-Regulatory Organizations; Philadelphia Stock Exchange, Inc.;
Order Approving Proposed Rule Change and Amendments No. 2 and No. 4
Thereto Relating to Order and Decorum Regulations
May 24, 2007.
I. Introduction
On September 26, 2006, the Philadelphia Stock Exchange, Inc.
(``Phlx'' or ``Exchange'') filed with the Securities and Exchange
Commission (``Commission''), pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4
thereunder,\2\ a proposed rule change to amend the Exchange's Option
Order and Decorum Regulations. On November 14, 2006, the Exchange filed
Amendment No. 1 to the proposed rule change, which was subsequently
withdrawn.\3\ On January 19, 2007, the Exchange filed Amendment No. 2
to the proposed rule change.\4\ The proposed rule change, as amended,
was published for comment in the Federal Register on March 27, 2007.\5\
The Commission received no comments regarding the proposal. On May 4,
2007, the Exchange filed Amendment No. 3 to the proposed rule change,
which was subsequently withdrawn.\6\ On May 14, 2007, the Exchange
filed Amendment No. 4 to the proposed rule change.\7\ This order
approves the proposed rule change, as amended.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ On January 12, 2007, Phlx withdrew Amendment No. 1.
\4\ Amendment No. 2 replaced the original proposed rule change
in its entirety.
\5\ See Securities Exchange Act Release No. 55492 (March 20,
2007), 72 FR 14321 (``Notice'').
\6\ On May 14, 2007, Phlx withdrew Amendment No. 3.
\7\ In Amendment No. 4, the Exchange deleted proposed rule text
from Exchange Regulation 2 regarding the registration of equipment
on the Exchange floor. This deletion conformed the proposed rule
text with changes the Exchange made to the proposal in Amendment No.
2. This is a technical amendment and is not subject to notice and
comment.
---------------------------------------------------------------------------
II. Description of Proposal
The Exchange proposes to amend the Exchange's Option Order and
Decorum Regulation 2 (Food, Liquids and Beverages); Regulation 4
(Order); Regulation 5 (Visitors and Applicants); and Regulation 6
(Dress), pursuant to Exchange Rule 60. The Exchange's amendments to
these Exchange regulations include the following:
(i) An amendment to Exchange Regulation 2 that (1) Allows Exchange
members and associated persons to consume foods, liquids and beverages
on the Exchange's trading floor, provided that such consumption does
not unreasonably interfere with business on the trading floor, (2) adds
language concerning vandalism, (3) increases the fines associated with
violations of Exchange Regulation 2, (4) adds additional fines for
violating trash, litter and vandalism regulations, and (5) changes the
title of the Exchange Regulation 2 from ``Food, Liquids and Beverages''
to ``Food, Liquids and Beverages, Trash, Litter and Vandalism;''
(ii) An amendment to Exchange Regulation 4 that adds language
clarifying that the use of profanity is a violation of this Regulation;
(iii) An amendment to Exchange Regulation 5 that authorizes an
Exchange official or Options Exchange Official to permit visitors on
the trading floor;
(iv) An Amendment to Exchange Regulation 6 that (1) Clarifies what
business attire is deemed acceptable on the trading floor, and (2)
increases the amount of fines associated with violations of Exchange
Regulation 6; and
(v) Amendments to Exchange Regulations 2, 4, 5 and 6 that add
language indicating that Exchange Staff may impose fines for breaches
of order, decorum, health, safety and welfare on the members, member
organizations, participants, participant organizations and their
associated persons.
III. Discussion and Commission Findings
The Commission finds that the proposed rule change is consistent
with the requirements of the Act and the rules and regulations
thereunder applicable to a national securities exchange.\8\
Specifically, the Commission finds that the proposal 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, in that it is designed
to promote just and equitable principles of trade, to remove
impediments to and perfect the mechanism of a free and open market and
a national market system, and, in general to protect investors and the
public interest. Specifically, the Commission finds that proposed
amendments to the Exchange's order and decorum regulations would assist
the Exchange in maintaining an orderly operating environment, which is
consistent with the protection of investors and the public interest.
---------------------------------------------------------------------------
\8\ In approving this proposed rule change the Commission has
considered the proposed rule's impact on efficiency, competition,
and capital formation. 15 U.S.C. 78c(f).
\9\ 15 U.S.C. 78f(b).
\10\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
In addition, the Commission finds that the proposal is consistent
with Section 6(b)(6) of the Act \11\ which requires the rules of an
exchange provide that its members be appropriately disciplined for
violations of the Act as well as the rules and regulations thereunder.
Specifically, the Commission finds that the Exchange's proposed
disciplinary sanctions and fines for violations of its order and
decorum regulations are consistent with normal regulatory safeguards
that an exchange should provide under the Act to ensure the order and
operation of its trading floor. In particular, these proposed fines
appear to provide an
[[Page 31364]]
appropriate sanction for violations of the Exchange's order and decorum
rules and should help to deter violations. This proposed rule change
also makes clear that fines can be imposed against the Exchange's
members, member organizations, participants, participant organizations
and their associated persons for violations of the Exchange's rules.
---------------------------------------------------------------------------
\11\ 15 U.S.C. 78f(b)(6).
---------------------------------------------------------------------------
IV. Conclusion
It is therefore ordered, pursuant to Section 19(b)(2) of the
Act,\12\ that the proposed rule change, as amended, is approved.
---------------------------------------------------------------------------
\12\ 15 U.S.C. 78s(b)(2).
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\13\
---------------------------------------------------------------------------
\13\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-10872 Filed 6-5-07; 8:45 am]
BILLING CODE 8010-01-P
