Sunshine Act Meeting; Notification of Item Added to Meeting Agenda, 45836 [07-4002]
Download as PDF
<![CDATA[
45836
Federal Register / Vol. 72, No. 157 / Wednesday, August 15, 2007 / Notices
PROCEDURAL SCHEDULE—Continued
August 31, 2007 ..................................................
September 20, 2007 ...........................................
October 5, 2007 ..................................................
October 12, 2007 ................................................
November 26, 2007 .............................................
Dated: August 9, 2007.
By the Commission.
Steven W. Williams,
Secretary.
[FR Doc. E7–15953 Filed 8–14–07; 8:45 am]
BILLING CODE 7710–FW–P
UNITED STATES POSTAL SERVICE
BOARD OF GOVERNORS
Sunshine Act Meeting; Notification of
Item Added to Meeting Agenda
DATE OF MEETING:
STATUS:
August 7, 2007.
Closed.
71 FR 42445,
August 2, 2007.
ADDITION: Filing with the Postal
Regulatory Commission for a Negotiated
Service Agreement.
At its closed meeting on August 7,
2007, the Board of Governors of the
United States Postal Service voted
unanimously to add this item to the
agenda of its closed meeting and that no
earlier announcement was possible. The
General Counsel of the United States
Postal Service certified that in her
opinion discussion of this item could be
properly closed to public observation.
CONTACT PERSON FOR MORE INFORMATION:
Wendy A. Hocking, Secretary of the
Board, U.S. Postal Service, 475 L’Enfant
Plaza, SW., Washington, DC 20260–
1000.
PREVIOUS ANNOUNCEMENT:
Wendy A. Hocking,
Secretary.
[FR Doc. 07–4002 Filed 8–10–07; 3:18 pm]
BILLING CODE 7710–12–M
SECURITIES AND EXCHANGE
COMMISSION
ebenthall on PROD1PC69 with NOTICES
[Release No. 34–56219; File No. SR–Amex–
2007–78]
Self-Regulatory Organizations;
American Stock Exchange LLC; Notice
of Filing and Immediate Effectiveness
of a Proposed Rule Change To Amend
Rule 520 in Order To Clarify Reporting
Requirements
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
15:00 Aug 14, 2007
(‘‘Act’’) 1 and Rule 19b–4 thereunder,2
notice is hereby given that on August 2,
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 and II
below, which Items have been
substantially prepared by Amex. The
Exchange has filed the proposal
pursuant to Section 19(b)(3)(A) of the
Act 3 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 amend
Rule 520 (Options and Selling
Agreements) in order to clarify reporting
requirements. The text of the proposed
rule change is available at Amex, the
Commission’s Public Reference Room,
and https://www.amex.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,
Amex 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 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 purpose of the proposed rule
change is to clarify the reporting
requirements of Rule 520. The proposal
1 15
August 8, 2007.
VerDate Aug<31>2005
Petitioner’s Participant Statement or Initial Brief due [see 39 CFR 3001.115(a) and (b)].
Postal Service’s Answering Brief due [see 39 CFR 3001.115(c)].
Petitioner’s Reply Brief due should petitioner choose to file one [see 39 CFR 3001.115(d)].
Deadline for motions by any party requesting oral argument. The Commission will schedule
oral argument only when it is a necessary addition to the written filings [see 39 CFR
3001.116].
Expiration of the Commission’s 120-day decisional schedule [see 39 U.S.C. 404(d)(5)].
Jkt 211001
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A).
4 17 CFR 240.19b–4(f)(6).
2 17
PO 00000
Frm 00114
Fmt 4703
Sfmt 4703
seeks to amend Rule 520 to make clear
that it does not apply to standardized
options and corporate stock options.5
Rule 520 is designed to facilitate the
Exchange’s surveillance for and
enforcement of rules against
manipulation in connection with
private or over-the-counter options.
Because standardized options and
corporate stock options are already
subject to similar reporting
requirements, via a prospectus or a
registration statement, the Exchange
believes it is redundant and needlessly
burdensome to also require each
member and member organization to
submit reports to the Exchange under
Rule 520 for standardized options and
corporate stock options.
The Exchange submits that the
proposed amendment to Rule 520 will
provide additional transparency and
clarity to the Rule. Furthermore, the
Exchange believes that the proposed
amendment to Rule 520 will enable
Amex standards to be more consistent
with those of the New York Stock
Exchange LLC (‘‘NYSE’’) 6 and the
Philadelphia Stock Exchange, Inc.
(‘‘Phlx’’),7 and therefore facilitate
uniform application of the reporting
requirements.
2. Statutory Basis
The Exchange believes the proposed
rule change is consistent with Section
6(b) of the Act,8 in general, and furthers
the objectives of Section 6(b)(5) of the
Act,9 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
5 The Commission notes that revised Rule 520
requires each member and member organization to
report to the Exchange such information as may be
required with respect to any substantial option
relating to listed securities, or securities admitted
to unlisted trading privileges on the Exchange,
acquired over-the-counter, in which such member,
member organization, or allied member therein is
directly or indirectly interested or of which such
member, member organization, or allied member
has knowledge by reason of transactions executed
by or through such member or organization.
6 See NYSE Rule 424.
7 See Phlx Rule 784.
8 15 U.S.C. 78f(b).
9 15 U.S.C. 78f(b)(5).
E:\FR\FM\15AUN1.SGM
15AUN1
]]>Agencies
[Federal Register Volume 72, Number 157 (Wednesday, August 15, 2007)]
[Notices]
[Page 45836]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 07-4002]
=======================================================================
-----------------------------------------------------------------------
UNITED STATES POSTAL SERVICE BOARD OF GOVERNORS
Sunshine Act Meeting; Notification of Item Added to Meeting
Agenda
Date of Meeting: August 7, 2007.
Status: Closed.
Previous Announcement: 71 FR 42445, August 2, 2007.
Addition: Filing with the Postal Regulatory Commission for a Negotiated
Service Agreement.
At its closed meeting on August 7, 2007, the Board of Governors of
the United States Postal Service voted unanimously to add this item to
the agenda of its closed meeting and that no earlier announcement was
possible. The General Counsel of the United States Postal Service
certified that in her opinion discussion of this item could be properly
closed to public observation.
Contact Person for More Information: Wendy A. Hocking, Secretary of the
Board, U.S. Postal Service, 475 L'Enfant Plaza, SW., Washington, DC
20260-1000.
Wendy A. Hocking,
Secretary.
[FR Doc. 07-4002 Filed 8-10-07; 3:18 pm]
BILLING CODE 7710-12-M
