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]

Download as PDF 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 PO 00000 Frm 00063 Fmt 4703 Sfmt 4703 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 E:\FR\FM\12DEN1.SGM 12DEN1 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 (http://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 (http://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 (http://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 12DEN1

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]


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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 (http://
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 (http://
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 (http://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).
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Florence E. Harmon,
Deputy Secretary.
 [FR Doc. E7-23966 Filed 12-11-07; 8:45 am]
BILLING CODE 8011-01-P