Self-Regulatory Organizations; International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to the Extension of a Pilot Period To Increase Position Limits and Exercise Limits for Equity Options and Options on the Nasdaq-100 Tracking Stock, 47105-47107 [E7-16527]
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Federal Register / Vol. 72, No. 162 / Wednesday, August 22, 2007 / Notices
A proposed rule change filed under
19b–4(f)(6) normally may not become
operative prior to 30 days after the date
of filing.13 However, Rule 19b–
4(f)(6)(iii) 14 permits the Commission to
designate a shorter time if such action
is consistent with the protection of
investors and the public interest. The
ISE requests that the Commission waive
the 30-day operative delay, as specified
in Rule 19b–4(f)(6)(iii),15 which would
make the rule change effective and
operative upon filing. The Commission
believes that waiving the 30-day
operative delay is consistent with the
protection of investors and the public
interest. The Commission notes that this
proposal is substantially similar to SR–
CBOE–2006–88 16 previously approved
by the Commission for the CBOE. The
Commission further notes that the CBOE
proposal was noticed for comment and
no comments were received.
Accordingly, the Commission
designates the proposed rule change
operative upon filing with the
Commission.17
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 (https://www.sec.gov/
rules/sro.shtml); or
13 17
CFR 240.19b–4(f)(6)(iii).
14 Id.
15 Id.
16 See
supra note 7.
purposes only of waiving the 30-day
operative delay, the Commission has considered the
impact of the proposed rule on efficiency,
competition, and capital formation. See 15 U.S.C.
78c(f).
jlentini on PROD1PC65 with NOTICES
17 For
VerDate Aug<31>2005
16:26 Aug 21, 2007
Jkt 211001
• Send an e-mail to rulecomments@sec.gov. Please include File
Number SR–ISE–2007–70 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–ISE–2007–70. 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 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, 100 F Street, NE., Washington,
DC 20549, on official business days
between the hours of 10 a.m. and 3 p.m.
Copies of such filing also will be
available for inspection and copying at
the principal office of the ISE. 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–ISE–2007–70 and should be
submitted on or before September 12,
2007.
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.18
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–16524 Filed 8–21–07; 8:45 am]
BILLING CODE 8010–01–P
18 17
PO 00000
Frm 00154
Fmt 4703
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–56263; File No. SR–ISE–
2007–69]
Self-Regulatory Organizations;
International Securities Exchange,
LLC; Notice of Filing and Immediate
Effectiveness of Proposed Rule
Change Relating to the Extension of a
Pilot Period To Increase Position
Limits and Exercise Limits for Equity
Options and Options on the Nasdaq100 Tracking Stock
August 15, 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 August
13, 2007, the International Securities
Exchange, LLC (‘‘ISE’’ 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 ISE. The
Exchange has filed the proposal as a
‘‘non-controversial’’ rule change
pursuant to Section 19(b)(3)(A) of the
Act 3 and Rule 19b–4(f)(6) thereunder,4
which renders it 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
ISE proposes to extend the time
period for Exchange Rule 412 and Rule
414 position and exercise limits pilot
program for equity option contracts and
options on the Nasdaq-100 Index
Tracking Stock (‘‘QQQQ’’) (‘‘Pilot
Program’’). The text of the proposed rule
change is available at ISE, the
Commission’s Public Reference Room,
and https://www.ise.com.
1 15
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
CFR 200.30–3(a)(12).
Sfmt 4703
47105
E:\FR\FM\22AUN1.SGM
22AUN1
47106
Federal Register / Vol. 72, No. 162 / Wednesday, August 22, 2007 / Notices
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, ISE
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. The Exchange 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 Pilot Program provides for an
increase to the standard position and
exercise limits for equity option
contracts and for options on QQQQs.5
The Pilot Program, after being extended
on prior occasions,6 is set to expire on
September 1, 2007.7 Specifically, the
Pilot Program increased the applicable
position and exercise limits for equity
options and options on the QQQQ to the
following levels:
Current equity option contract limit 8
Pilot program equity option contract limit
13,500
22,500
31,500
60,000
75,000
25,000
50,000
75,000
200,000
250,000
Current QQQQ option contract limit
Pilot program QQQQ option contract limit
300,000
900,000
The purpose of the proposed rule
change is to extend the Pilot Program for
an additional six-month period, until
March 1, 2008. The Exchange believes
that extending the Pilot Program for this
additional period is warranted due to
the positive feedback from members and
for the reasons cited in the original rule
filing that proposed the adoption of the
Pilot Program.9 Additionally, the
Exchange represents that it has not
experienced any problems or difficulties
relating to the Pilot Program since its
inception. For these reasons, the
Exchange requests that the Commission
extend the Pilot Program until March 1,
2008.
2. Statutory Basis
jlentini on PROD1PC65 with NOTICES
The Exchange believes that its
proposal is consistent with Section 6(b)
of the Act 10 in general, and furthers the
objective of Section 6(b)(5) of the Act 11
in particular, in that it is designed to
promote just and equitable principles of
trade and to protect investors and the
public interest.
5 See Securities Exchange Act Release No. 51295
(March 2, 2005), 70 FR 11292 (March 8, 2005) (SR–
ISE–2005–14) (‘‘Pilot Program Notice’’).
6 See Securities Exchange Act Release Nos. 54335
(August 18, 2006), 71 FR 50954 (August 28, 2006)
(SR–ISE–2006–47); 53345 (February 22, 2006), 71
FR 10579 (March 1, 2006) (SR–ISE–2006–10); and
52265 (August 15, 2005), 70 FR 48996 (August 22,
2005) (SR–ISE–2005–39).
7 See Securities Exchange Act Release No. 55311
(February 16, 2007), 72 FR 8408 (February 26, 2007)
(SR–ISE–2007–15).
8 Except when the Pilot Program is in effect.
9 See Pilot Program Notice, supra note 5.
10 15 U.S.C. 78f(b).
11 15 U.S.C. 78f(b)(5).
VerDate Aug<31>2005
16:26 Aug 21, 2007
Jkt 211001
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The proposed rule change does not
impose any burden on competition.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
The Exchange has not solicited, and
does not intend to solicit, comments on
this proposed rule change. The
Exchange has not received any
unsolicited written comments from
members or other interested parties.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
Because the forgoing rule change does
not: (1) Significantly affect the
protection of investors or the public
interest; (2) impose any significant
burden on competition; and (3) become
operative for 30 days after the date of
this filing, or such shorter time as the
Commission may designate, it has
become effective pursuant to Section
19(b)(3)(A) of the Act 12 and Rule 19b–
4(f)(6) thereunder.13
A proposed rule change filed under
19b–4(f)(6) normally may not become
operative prior to 30 days after the date
of filing.14 However, Rule 19b–
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(6).
14 17 CFR 240.19b–4(f)(6)(iii). In addition, Rule
19b–4(f)(6)(iii) requires that a self-regulatory
organization submit to the Commission written
notice of its intent to file the proposed rule change,
along with a brief description and text of the
proposed rule change, at least five business days
prior to the date of filing of the proposed rule
change, or such shorter time as designated by the
4(f)(6)(iii) 15 permits the Commission to
designate a shorter time if such action
is consistent with the protection of
investors and the public interest. The
Exchange has requested that the
Commission waive the 30-day operative
delay. The Commission believes that
waiving the 30-day operative delay is
consistent with the protection of
investors and in the public interest
because it will allow the Pilot Program
to continue uninterrupted. For this
reason, the Commission designates that
the proposed rule change become
operative immediately.16
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 furtherance 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:
12 15
13 17
PO 00000
Frm 00155
Fmt 4703
Sfmt 4703
Commission. ISE has satisfied the five-day prefiling requirement.
15 Id.
16 For the purposes only of waiving the operative
delay, the Commission has considered the proposed
rule’s impact on efficiency, competition, and capital
formation. See 15 U.S.C. 78c(f).
E:\FR\FM\22AUN1.SGM
22AUN1
Federal Register / Vol. 72, No. 162 / Wednesday, August 22, 2007 / 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
No. SR–ISE–2007–69 on the subject
line.
Paper Comments
• Send paper comments in triplicate
to Nancy M. Morris, Secretary,
Securities and Exchange Commission,
Station Place, 100 F Street, NE.,
Washington, DC 20549–1090.
jlentini on PROD1PC65 with NOTICES
All submissions should refer to File No.
SR–ISE–2007–69. 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 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, 100 F Street, NE., Washington,
DC 20549, on official business days
between the hours of 10 a.m. and 3 p.m.
Copies of such filing will also be
available for inspection and copying at
the principal office of ISE. 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 No.
SR–ISE–2007–69 and should be
submitted on or before September 12,
2007.
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.17
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–16527 Filed 8–21–07; 8:45 am]
SECURITIES AND EXCHANGE
COMMISSION
most significant aspects of such
statements.
[Release No. 34–56271; File No. SR–NYSE–
2007–74]
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
Self-Regulatory Organizations; New
York Stock Exchange LLC; Notice of
Filing and Order Granting Accelerated
Approval of Proposed Rule Change To
Amend Sections 703.22 and 802.01D of
the Exchange’s Listed Company
Manual Regarding the Listing and
Trading of Index-Linked Securities
August 16, 2007.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934
(‘‘Act’’),2 and Rule 19b–4 thereunder,3
notice is hereby given that on August 3,
2007, New York Stock Exchange LLC
(‘‘NYSE’’ or ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) the proposed rule
changes as described in Items I and II
below, which items have been prepared
by the Exchange. The Commission is
publishing this notice to solicit
comments on the proposed rule changes
from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to amend
Section 703.22 of its Listed Company
Manual (‘‘Manual’’) to permit the listing
of securities that do not meet the one
million unit initial distribution
requirement but are redeemable on at
least a weekly basis at the option of the
holders. The filing also amends Section
802.01D of the Manual to apply the
continued listing standards under the
heading ‘‘Specialized Securities’’ to
securities listed under Section 703.22.
The text of the proposed rule change
is available at the Exchange, the
Commission’s Public Reference Room,
and https://www.nyse.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, 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 III below. The
NYSE has prepared summaries, set forth
in Sections A, B and C below, of the
BILLING CODE 8010–01–P
1 15
U.S.C. 78s(b)(1).
U.S.C. 78a.
3 17 CFR 240.19b–4.
2 15
17 17
CFR 200.30–3(a)(12).
VerDate Aug<31>2005
16:26 Aug 21, 2007
Jkt 211001
47107
PO 00000
Frm 00156
Fmt 4703
Sfmt 4703
1. Purpose
The Exchange proposes to amend
Section 703.22 of the Manual to permit
the listing of securities that do not meet
the one million unit initial distribution
requirement but are redeemable on at
least a weekly basis at the option of the
holders. Section 703.22 is the
Exchange’s generic listing standards for
equity index-linked securities (‘‘Equity
Index-Linked Securities’’), commoditylinked securities (‘‘Commodity-Linked
Securities’’), and currency-linked
securities (‘‘Currency-Linked
Securities’’ and, together with Equity
Index-Linked Securities and
Commodity-Linked Securities, ‘‘IndexLinked Securities’’).
Section 703.22 of the Manual
currently exempts a new listing of
Index-Linked Securities from the
otherwise applicable requirement that
the issue have 400 holders upon listing,
but only if the issue provides for the
redemption of securities at the option of
the holders on at least a weekly basis.
The Exchange believes that, where there
is such a weekly redemption right, the
same justification exists for an
exemption from the requirement to have
one million units issued at the time of
listing as applies to the 400 holder
requirement. The Exchange believes that
a weekly redemption right will ensure a
strong correlation between the market
price of the Index-Linked Securities and
the performance of the underlying
index, as holders will be unlikely to sell
their securities for less than their
redemption value if they have a weekly
right to be redeemed for their full value.
In addition, in the case of those IndexLinked Securities with a weekly
redemption feature that are currently
listed, as well as all of those that are
currently proposed to be listed, the
issuer has the ability to issue new
Index-Linked Securities from time to
time at the indicative value at the time
of such sale. This provides a ready
supply of new Index-Linked Securities,
thereby lessening the possibility that the
market price of such securities will be
affected by a scarcity of available IndexLinked Securities for sale. The Exchange
believes that it also assists in
maintaining a strong correlation
between the market price and the
indicative value, as investors will be
unlikely to pay more than the indicative
value in the open market if they can
E:\FR\FM\22AUN1.SGM
22AUN1
]]>Agencies
[Federal Register Volume 72, Number 162 (Wednesday, August 22, 2007)]
[Notices]
[Pages 47105-47107]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-16527]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-56263; File No. SR-ISE-2007-69]
Self-Regulatory Organizations; International Securities Exchange,
LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule
Change Relating to the Extension of a Pilot Period To Increase Position
Limits and Exercise Limits for Equity Options and Options on the
Nasdaq-100 Tracking Stock
August 15, 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 August 13, 2007, the International Securities Exchange, LLC (``ISE''
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 ISE. The
Exchange has filed the proposal as a ``non-controversial'' rule change
pursuant to Section 19(b)(3)(A) of the Act \3\ and Rule 19b-4(f)(6)
thereunder,\4\ which renders it 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).
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
ISE proposes to extend the time period for Exchange Rule 412 and
Rule 414 position and exercise limits pilot program for equity option
contracts and options on the Nasdaq-100 Index Tracking Stock (``QQQQ'')
(``Pilot Program''). The text of the proposed rule change is available
at ISE, the Commission's Public Reference Room, and https://www.ise.com.
[[Page 47106]]
II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
In its filing with the Commission, ISE 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. The Exchange 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 Pilot Program provides for an increase to the standard position
and exercise limits for equity option contracts and for options on
QQQQs.\5\ The Pilot Program, after being extended on prior
occasions,\6\ is set to expire on September 1, 2007.\7\ Specifically,
the Pilot Program increased the applicable position and exercise limits
for equity options and options on the QQQQ to the following levels:
------------------------------------------------------------------------
Current equity option contract Pilot program equity option
limit \8\ contract limit
------------------------------------------------------------------------
13,500 25,000
22,500 50,000
31,500 75,000
60,000 200,000
75,000 250,000
------------------------------------------------------------------------
Current QQQQ option contract limit Pilot program QQQQ option contract
limit
------------------------------------------------------------------------
300,000 900,000
------------------------------------------------------------------------
The purpose of the proposed rule change is to extend the Pilot
Program for an additional six-month period, until March 1, 2008. The
Exchange believes that extending the Pilot Program for this additional
period is warranted due to the positive feedback from members and for
the reasons cited in the original rule filing that proposed the
adoption of the Pilot Program.\9\ Additionally, the Exchange represents
that it has not experienced any problems or difficulties relating to
the Pilot Program since its inception. For these reasons, the Exchange
requests that the Commission extend the Pilot Program until March 1,
2008.
---------------------------------------------------------------------------
\5\ See Securities Exchange Act Release No. 51295 (March 2,
2005), 70 FR 11292 (March 8, 2005) (SR-ISE-2005-14) (``Pilot Program
Notice'').
\6\ See Securities Exchange Act Release Nos. 54335 (August 18,
2006), 71 FR 50954 (August 28, 2006) (SR-ISE-2006-47); 53345
(February 22, 2006), 71 FR 10579 (March 1, 2006) (SR-ISE-2006-10);
and 52265 (August 15, 2005), 70 FR 48996 (August 22, 2005) (SR-ISE-
2005-39).
\7\ See Securities Exchange Act Release No. 55311 (February 16,
2007), 72 FR 8408 (February 26, 2007) (SR-ISE-2007-15).
\8\ Except when the Pilot Program is in effect.
\9\ See Pilot Program Notice, supra note 5.
---------------------------------------------------------------------------
2. Statutory Basis
The Exchange believes that its proposal is consistent with Section
6(b) of the Act \10\ in general, and furthers the objective of Section
6(b)(5) of the Act \11\ in particular, in that it is designed to
promote just and equitable principles of trade and to protect investors
and the public interest.
---------------------------------------------------------------------------
\10\ 15 U.S.C. 78f(b).
\11\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
B. Self-Regulatory Organization's Statement on Burden on Competition
The proposed rule change does not impose any burden on competition.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
The Exchange has not solicited, and does not intend to solicit,
comments on this proposed rule change. The Exchange has not received
any unsolicited written comments from members or other interested
parties.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
Because the forgoing rule change does not: (1) Significantly affect
the protection of investors or the public interest; (2) impose any
significant burden on competition; and (3) become operative for 30 days
after the date of this filing, or such shorter time as the Commission
may designate, it has become effective pursuant to Section 19(b)(3)(A)
of the Act \12\ and Rule 19b-4(f)(6) thereunder.\13\
---------------------------------------------------------------------------
\12\ 15 U.S.C. 78s(b)(3)(A).
\13\ 17 CFR 240.19b-4(f)(6).
---------------------------------------------------------------------------
A proposed rule change filed under 19b-4(f)(6) normally may not
become operative prior to 30 days after the date of filing.\14\
However, Rule 19b-4(f)(6)(iii) \15\ permits the Commission to designate
a shorter time if such action is consistent with the protection of
investors and the public interest. The Exchange has requested that the
Commission waive the 30-day operative delay. The Commission believes
that waiving the 30-day operative delay is consistent with the
protection of investors and in the public interest because it will
allow the Pilot Program to continue uninterrupted. For this reason, the
Commission designates that the proposed rule change become operative
immediately.\16\
---------------------------------------------------------------------------
\14\ 17 CFR 240.19b-4(f)(6)(iii). In addition, Rule 19b-
4(f)(6)(iii) requires that a self-regulatory organization submit to
the Commission written notice of its intent to file the proposed
rule change, along with a brief description and text of the proposed
rule change, at least five business days prior to the date of filing
of the proposed rule change, or such shorter time as designated by
the Commission. ISE has satisfied the five-day pre-filing
requirement.
\15\ Id.
\16\ For the purposes only of waiving the operative delay, the
Commission has considered the proposed rule's impact on efficiency,
competition, and capital formation. See 15 U.S.C. 78c(f).
---------------------------------------------------------------------------
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 furtherance 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:
[[Page 47107]]
Electronic Comments
Use the Commission's Internet comment form (https://
www.sec.gov/rules/sro.shtml); or
Send an e-mail to rule-comments@sec.gov. Please include
File No. SR-ISE-2007-69 on the subject line.
Paper Comments
Send paper comments in triplicate to Nancy M. Morris,
Secretary, Securities and Exchange Commission, Station Place, 100 F
Street, NE., Washington, DC 20549-1090.
All submissions should refer to File No. SR-ISE-2007-69. 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 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, 100 F Street, NE.,
Washington, DC 20549, on official business days between the hours of 10
a.m. and 3 p.m. Copies of such filing will also be available for
inspection and copying at the principal office of ISE. 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 No. SR-ISE-2007-69 and should be
submitted on or before September 12, 2007.
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\17\
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\17\ 17 CFR 200.30-3(a)(12).
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Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-16527 Filed 8-21-07; 8:45 am]
BILLING CODE 8010-01-P
