Consolidated Tape Association; Notice of Filing of the Eleventh Substantive Amendment to the Second Restatement of the Consolidated Tape Association Plan, 70621-70622 [E7-23966]
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Federal Register / Vol. 72, No. 238 / Wednesday, December 12, 2007 / Notices
is 254 hours per broker-dealer per year.
Thus the staff estimates that the total
compliance burden for 5,791
respondents is 1,470,914 hours.
The staff believes that compliance
personnel would be charged with
ensuring compliance with Commission
regulation, including Rule 17a–4. The
staff estimates that the hourly salary of
a compliance manager is $245 per
hour.1 Based upon these numbers, the
total cost of compliance for 5,791
respondents is approximately $360.4
million (1,470,914 yearly hours × $245).
Written comments are invited on: (a)
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the proposed collection
of information; (c) ways to enhance the
quality, utility, and clarity of the
information to be collected; and (d)
ways to minimize the burden of the
collection of information on
respondents, including through the use
of automated collection techniques or
other forms of information technology.
Consideration will be given to
comments and suggestions submitted in
writing within 60 days of this
publication.
Comments should be directed to: R.
Corey Booth, Director/Chief Information
Officer, Securities and Exchange
Commission, C/O Shirley Martinson,
6432 General Green Way, Alexandria,
Virginia 22312 or send an e-mail to:
PRA_Mailbox@sec.gov. Comments must
be submitted within 60 days of this
notice.
Dated: December 5, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–24034 Filed 12–11–07; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
mstockstill on PROD1PC66 with NOTICES
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
Extension:
Rule 701; OMB Control No. 3235–0522;
SEC File No. 270–306.
1 This figure is based on the SIFMA Report on
Office Salaries In the Securities Industry 2006
(Compliance Manager).
VerDate Aug<31>2005
15:54 Dec 11, 2007
Jkt 214001
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.) the Securities
and Exchange Commission
(‘‘Commission’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
Rule 701(17 CFR 230.701) under the
Securities Act of 1933 (15 U.S.C. 77a et
seq.) requires issuers conducting
employee benefit plan offerings in
excess of $5 million in reliance on the
rule to provide the employees covered
by the plan with risk and financial
statement disclosures. The purpose of
Rule 701 is to ensure that a basic level
of information is available to employees
and others when substantial amounts of
securities are issued in compensatory
arrangements. Approximately 300
companies annually rely on the Rule
701 exemption. The Rule 701 disclosure
takes an estimated 2 hours per response
to prepare for a total annual burden of
600 hours. We estimate that 25% of the
2 hours per response (.5 hours) is
prepared by the company for a total
annual reporting burden of 150 hours (.5
hours per response × 300 responses).
Written comments are invited on: (a)
Whether this collection of information
is necessary for the proper performance
of the functions of the agency, including
whether the information will have
practical utility; (b) the accuracy of the
agency’s estimate of the burden imposed
by the collection of information; (c)
ways to enhance the quality, utility, and
clarity of the information collected; and
(d) ways to minimize the burden of the
collection of information on
respondents, including through the use
of automated collection techniques or
other forms of information technology.
Consideration will be given to
comments and suggestions submitted in
writing within 60 days of this
publication.
Please direct your written comments
to R. Corey Booth, Director/Chief
Information Officer, Securities and
Exchange Commission, C/O Shirley
Martinson, 6432 General Green Way,
Alexandria, Virginia 22312; or send an
e-mail to: PRA_Mailbox@sec.gov.
Dated: December 4, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–24035 Filed 12–11–07; 8:45 am]
BILLING CODE 8011–01–P
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70621
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–56904; File No. SR–CTA–
2007–02]
Consolidated Tape Association; Notice
of Filing of the Eleventh Substantive
Amendment to the Second
Restatement of the Consolidated Tape
Association Plan
December 5, 2007.
Pursuant to Section 11A of the
Securities Exchange Act of 1934
(‘‘Act’’),1 and Rule 608 thereunder,2
notice is hereby given that on November
5, 2007, the Consolidated Tape
Association (‘‘CTA’’) Plan Participants
(‘‘Participants’’)3 filed with the
Securities and Exchange Commission
(‘‘SEC’’ or ‘‘Commission’’) a proposal to
amend the Second Restatement of the
CTA Plan (the ‘‘ CTA Plan’’). The
proposal represents the eleventh
substantive amendment to the Plan
(‘‘Eleventh Substantive Amendment’’)
and reflects changes unanimously
adopted by the Participants. The
proposed amendment would permit
Participants to report to the Processor
under the CTA Plan the actual number
of shares for each transaction (exclusive
of odd-lots), rather than to report the
number of round lots for each
transaction. The Commission is
publishing this notice to solicit
comments from interested persons on
the proposed Eleventh Substantive
Amendment to the CTA Plan.
I. Rule 608(a)
A. Description and Purpose of the
Amendment
The Plan currently requires
Participants to include in their
transaction reports to the CTA Plan’s
processor the stock symbol of the
Eligible Security, the price at which the
transaction was executed, and the
volume, in round lots, involved in the
transaction.
The Eleventh Substantive
Amendment proposes to replace the
requirement that Participants report
each transaction’s volume in round lots
with a requirement that each Participant
1 15
U.S.C. 78k–1.
CFR 242.608.
3 Each Participant executed the proposed
amendment. The Participants are the American
Stock Exchange LLC; Boston Stock Exchange, Inc.;
Chicago Board Options Exchange, Inc.; Chicago
Stock Exchange, Inc.; International Securities
Exchange, LLC; The NASDAQ Stock Market LLC;
National Association of Securities Dealers, Inc. (n/
k/a the Financial Industry Regulatory Authority);
National Stock Exchange, Inc.; New York Stock
Exchange LLC.; NYSE Arca, Inc.; and Philadelphia
Stock Exchange, Inc.
2 17
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70622
Federal Register / Vol. 72, No. 238 / Wednesday, December 12, 2007 / Notices
report the actual number of shares for
each transaction, exclusive of odd-lots.
The Participants believe that reporting
transactions in the actual number of
shares traded rather than round lots will
add greater transparency to the
marketplace. The Participants also
believe that it remains appropriate to
exclude odd lots from CTA trade
reporting because the small size of oddlot trades adds little to marketplace
transparency and because the number of
odd-lot trades would merely serve to
clutter data feeds and make it more
difficult for investors to obtain a true
view of the markets for Eligible
Securities. The text of the proposed
Amendment is available on the CTA’s
Web site (https://www.nysedata.com/
cta), at the principal office of the CTA,
and at the Commission’s Public
Reference Room.
c. Method of Frequency of Processor
Evaluation
Not applicable.
d. Dispute Resolution
Not applicable.
B. Additional Information Required by
Rule 608(a)
E. Standards and Methods Ensuring
Promptness, Accuracy and
Completeness of Transaction Reports
1. Governing or Constituent Documents
Not applicable.
2. Implementation of the Amendment
The Participants propose to
implement the change soon after receipt
of Commission approval of the
Amendment, but no earlier than January
1, 2008.
mstockstill on PROD1PC66 with NOTICES
Not applicable.
C. Manner of Collecting, Processing,
Sequencing, Making Available and
Disseminating Last Sale Information
Not applicable.
D. Manner of Consolidation
Not applicable.
Not applicable.
F. Rules and Procedures Addressed to
Fraudulent or Manipulative
Dissemination
Not applicable.
G. Terms of Access to Transaction
Reports
III. Solicitation of Comments
6. Approval by Sponsors in Accordance
With Plan
Under Section IV(b) of the CTA Plan,
each Plan Participant must execute a
written amendment to the CTA Plan
before the amendment can become
effective. The amendment is so
executed.
Jkt 214001
B. Reporting Requirements
Not applicable.
5. Written Understanding or Agreements
relating to Interpretation of, or
Participation in, Plan
The Participants have no written
understandings or agreements relating
to interpretation of the CTA Plan as a
result of the amendment.
15:54 Dec 11, 2007
Not applicable.
H. Identification of Marketplace
Execution
4. Analysis of Impact on Competition
The amendment will impose no
burden on competition.
VerDate Aug<31>2005
A. Equity Securities for Which
Transaction Reports Shall Be Required
by the Plan
Not applicable.
3. Development and Implementation
Phases
See Item I(B)(2) above.
7. Description of Operation of Facility
Contemplated by the Proposed
Amendment
a. Terms and Conditions of Access
Not applicable.
b. Method of Determination and
Imposition, and Amount of, Fees and
Charges
Not applicable.
II. Rule 601(a)
Interested persons are invited to
submit written data, views, and
arguments concerning the foregoing,
including whether the proposed
Eleventh Substantive Amendment 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
• Send an e-mail to rulecomments@sec.gov. Please include File
Number SR–CTA–2007–02 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–CTA–2007–02. This file
number should be included on the
PO 00000
Frm 00064
Fmt 4703
Sfmt 4703
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 Plan amendment that
are filed with the Commission, and all
written communications relating to the
Plan amendment 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 the CTA Plan amendment also
will be available for inspection and
copying at the principal office of the
CTA. 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–CTA–2007–02 and should
be submitted on or before January 2,
2008.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.4
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–23966 Filed 12–11–07; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–56805; File No. SR–Amex–
2007–122]
Self-Regulatory Organizations;
American Stock Exchange LLC; Notice
of Filing and Immediate Effectiveness
of Proposed Rule Change Relating to
Exchange Liability for the Actions or
Omission of Amex Book Clerks
November 16, 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 November
16, 2007, the American Stock Exchange
LLC (‘‘Exchange’’ or ‘‘Amex’’) filed with
the Securities and Exchange
Commission (‘‘Commission’’) the
4 17
CFR 200.30–3(a)(27).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
1 15
E:\FR\FM\12DEN1.SGM
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]]>Agencies
[Federal Register Volume 72, Number 238 (Wednesday, December 12, 2007)]
[Notices]
[Pages 70621-70622]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-23966]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-56904; File No. SR-CTA-2007-02]
Consolidated Tape Association; Notice of Filing of the Eleventh
Substantive Amendment to the Second Restatement of the Consolidated
Tape Association Plan
December 5, 2007.
Pursuant to Section 11A of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 608 thereunder,\2\ notice is hereby given that
on November 5, 2007, the Consolidated Tape Association (``CTA'') Plan
Participants (``Participants'')\3\ filed with the Securities and
Exchange Commission (``SEC'' or ``Commission'') a proposal to amend the
Second Restatement of the CTA Plan (the `` CTA Plan''). The proposal
represents the eleventh substantive amendment to the Plan (``Eleventh
Substantive Amendment'') and reflects changes unanimously adopted by
the Participants. The proposed amendment would permit Participants to
report to the Processor under the CTA Plan the actual number of shares
for each transaction (exclusive of odd-lots), rather than to report the
number of round lots for each transaction. The Commission is publishing
this notice to solicit comments from interested persons on the proposed
Eleventh Substantive Amendment to the CTA Plan.
I. Rule 608(a)
A. Description and Purpose of the Amendment
The Plan currently requires Participants to include in their
transaction reports to the CTA Plan's processor the stock symbol of the
Eligible Security, the price at which the transaction was executed, and
the volume, in round lots, involved in the transaction.
The Eleventh Substantive Amendment proposes to replace the
requirement that Participants report each transaction's volume in round
lots with a requirement that each Participant
[[Page 70622]]
report the actual number of shares for each transaction, exclusive of
odd-lots.
The Participants believe that reporting transactions in the actual
number of shares traded rather than round lots will add greater
transparency to the marketplace. The Participants also believe that it
remains appropriate to exclude odd lots from CTA trade reporting
because the small size of odd-lot trades adds little to marketplace
transparency and because the number of odd-lot trades would merely
serve to clutter data feeds and make it more difficult for investors to
obtain a true view of the markets for Eligible Securities. The text of
the proposed Amendment is available on the CTA's Web site (https://
www.nysedata.com/cta), at the principal office of the CTA, and at the
Commission's Public Reference Room.
B. Additional Information Required by Rule 608(a)
1. Governing or Constituent Documents
Not applicable.
2. Implementation of the Amendment
The Participants propose to implement the change soon after receipt
of Commission approval of the Amendment, but no earlier than January 1,
2008.
3. Development and Implementation Phases
See Item I(B)(2) above.
4. Analysis of Impact on Competition
The amendment will impose no burden on competition.
5. Written Understanding or Agreements relating to Interpretation of,
or Participation in, Plan
The Participants have no written understandings or agreements
relating to interpretation of the CTA Plan as a result of the
amendment.
6. Approval by Sponsors in Accordance With Plan
Under Section IV(b) of the CTA Plan, each Plan Participant must
execute a written amendment to the CTA Plan before the amendment can
become effective. The amendment is so executed.
7. Description of Operation of Facility Contemplated by the Proposed
Amendment
a. Terms and Conditions of Access
Not applicable.
b. Method of Determination and Imposition, and Amount of, Fees and
Charges
Not applicable.
c. Method of Frequency of Processor Evaluation
Not applicable.
d. Dispute Resolution
Not applicable.
II. Rule 601(a)
A. Equity Securities for Which Transaction Reports Shall Be Required by
the Plan
Not applicable.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78k-1.
\2\ 17 CFR 242.608.
\3\ Each Participant executed the proposed amendment. The
Participants are the American Stock Exchange LLC; Boston Stock
Exchange, Inc.; Chicago Board Options Exchange, Inc.; Chicago Stock
Exchange, Inc.; International Securities Exchange, LLC; The NASDAQ
Stock Market LLC; National Association of Securities Dealers, Inc.
(n/k/a the Financial Industry Regulatory Authority); National Stock
Exchange, Inc.; New York Stock Exchange LLC.; NYSE Arca, Inc.; and
Philadelphia Stock Exchange, Inc.
---------------------------------------------------------------------------
B. Reporting Requirements
Not applicable.
C. Manner of Collecting, Processing, Sequencing, Making Available and
Disseminating Last Sale Information
Not applicable.
D. Manner of Consolidation
Not applicable.
E. Standards and Methods Ensuring Promptness, Accuracy and Completeness
of Transaction Reports
Not applicable.
F. Rules and Procedures Addressed to Fraudulent or Manipulative
Dissemination
Not applicable.
G. Terms of Access to Transaction Reports
Not applicable.
H. Identification of Marketplace Execution
Not applicable.
III. Solicitation of Comments
Interested persons are invited to submit written data, views, and
arguments concerning the foregoing, including whether the proposed
Eleventh Substantive Amendment 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
Send an e-mail to rule-comments@sec.gov. Please include
File Number SR-CTA-2007-02 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-CTA-2007-02. 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 Plan amendment that are filed
with the Commission, and all written communications relating to the
Plan amendment 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 the CTA Plan amendment also will be available
for inspection and copying at the principal office of the CTA. 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-CTA-2007-02 and should be
submitted on or before January 2, 2008.
For the Commission, by the Division of Trading and Markets, pursuant
to delegated authority.\4\
---------------------------------------------------------------------------
\4\ 17 CFR 200.30-3(a)(27).
---------------------------------------------------------------------------
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-23966 Filed 12-11-07; 8:45 am]
BILLING CODE 8011-01-P
