Self-Regulatory Organizations; American Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Commentary .10 to Amex Rule 584 To Delete the Reference to the Weekly Bulletin, 72419-72421 [E7-24693]
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Federal Register / Vol. 72, No. 244 / Thursday, December 20, 2007 / Notices
Increasing the quality of the mail and
mailers’ electronic mailing information
by providing timely feedback to mailers
through actionable mail quality reports;
Allowing mailers additional
flexibility in selecting the timeframe
and location of mail entry;
Improving the accuracy of the
verification process through analysis of
a larger percentage of mail pieces of a
mailing;
Introducing more accountability for
all participants by basing verification
results on mail processing data instead
of clerk performed tests;
Enhancing automation compatibility
based on results from Postal Service
mail processing equipment;
Identifying and eliminating systemic
problems in Postal Service mail
handling and mailer preparation;
Providing near real-time visibility for
both mailers and the Postal Service;
Decreasing cycle time and reduce
costs across the mail supply chain;
Increasing amount of time Postal
Service clerks are available for customer
service; and
Reducing/removing sampling
procedures during verification.
11.2.5
Mail Processing Equipment
As mail processing equipment sorts a
mail piece, information is gathered from
machine scans to determine the piece’s
location within the postal network. All
major mail processing equipment has
the ability to scan the Intelligent Mail
barcode on mail pieces during
processing. The machines with mail
piece barcode scanning capability
include:
Letters: Delivery Barcode Sorters
(DBCS), Mail Processing Barcode Sorters
(MPBCS), and Carrier Sequence Barcode
Sorters (CSBCS);
Flats: AFSM 100 and UFSM 1000; 24
Packages: Automated Package
Processing System (APPS) and Small
Package Bundle Sorter (SPBS).
sroberts on PROD1PC70 with NOTICES
and make that data available to other
USPS systems.
(Authority: 39 U.S.C. 3691(b)(1)(D) and
(b)(2)).
11.2.7 Intelligent Mail Data
Acquisition System (IMDAS)
Steven W. Williams,
Secretary.
[FR Doc. E7–24528 Filed 12–19–07; 8:45 am]
IMDAS has replaced the handheld
scanners that carriers, mail handlers,
and drivers formerly used to scan IMBs
on handling units and Delivery
Confirmation forms.
The Intelligent Mail Data Acquisition
System (IMDAS) program is
implementing a standardized hardware
and software platform for mobile data
collection and data transfer through
scanning technology. The IMDAS
program promotes a family of handheld
data acquisition devices to support the
current scanning needs of Postal Service
products and services, as well as
support the future scanning needs of
Intelligent Mail products and services.
The IMDAS supports tracking mail
pieces, unit loads, transportation,
inventory and performance operations
using a standardized family of mobile
devices. This program includes
replacing the current Mobile Data
Collection Device (MDCD) scanners,
which postal personnel use for delivery
operations, dock operations, and
customer service operations. The
Intelligent Mail Data Acquisition
System was developed using integrated
architecture and infrastructure that are
consistent with industry best practices.
The IMDAS yields an accurate, reliable,
and stable flow of data, and is required
to interface successfully with the
existing postal infrastructure.
III. Ordering Paragraphs
The Intelligent Mail Device (IMD) is
an ergonomically designed, handheld
computer capable of running mail
processing applications and scanning
barcodes. The Postal Service has rolled
out new Intelligent Mail Devices to
carriers, mail handlers, and drivers. The
Intelligent Mail Devices currently in the
field can read IMBs, but will need a
software upgrade in order to collect data
using new start- and ‘‘stop-the-clock’’
event codes, parse the data in the codes,
It is ordered:
1. Docket No. PI2008–1 is established
for the purpose of receiving comments
regarding the Postal Service’s proposed
service performance measurement
systems.
2. Interested persons may submit
written comments on any or all aspects
of the Postal Service’s proposed service
performance measurement systems and
reporting systems by no later than
January 18, 2008.25
3. Reply comments may be filed by no
later than February 1, 2008.26
4. Kenneth E. Richardson, acting
director of the Office of the Consumer
Advocate, is designated to represent the
interests of the general public in this
docket.
5. The Secretary shall arrange for
publication of this Notice in the Federal
Register.
24 UFSM 1000 can read barcodes printed at
original specifications and will be updated in early
2008 to read barcodes printed according to the
revised specifications.
25 Changed from January 7, 2008 (per Order No.
48) by Order No. 49.
26 Changed from January 18, 2008 (per Order No.
48) by Order No. 49.
11.2.6
Intelligent Mail Device (IMD)
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BILLING CODE 7710–FW–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–56947; File No. SR–Amex–
2007–134]
Self-Regulatory Organizations;
American Stock Exchange LLC; Notice
of Filing and Immediate Effectiveness
of a Proposed Rule Change To Amend
Commentary .10 to Amex Rule 584 To
Delete the Reference to the Weekly
Bulletin
December 12, 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 December
6, 2007, the American Stock Exchange
LLC (‘‘Amex’’ or the ‘‘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 prepared substantially by the
Amex. The Amex filed the proposed
rule change under 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 Amex proposes to adopt changes
to Commentary .10 to Amex Rule 584 to
delete the reference to the Weekly
Bulletin therein. The text of the
proposed rule change is available at
https://www.amex.com, the principal
offices of the Amex, and the
Commission’s Public Reference Room.
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
Amex included statements concerning
the purpose of and basis for the
proposed rule change and discussed any
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
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Federal Register / Vol. 72, No. 244 / Thursday, December 20, 2007 / Notices
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 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
sroberts on PROD1PC70 with NOTICES
The Exchange proposes to amend
Commentary .10 to Amex Rule 584 5 to
delete the reference to the Weekly
Bulletin therein. Commentary .10 to
Amex Rule 584 requires that all
information filed with the Exchange
pursuant to Rule 584 be made public in
the lists of the meetings of stockholders
in the Weekly Bulletin.
The Weekly Bulletin, published by
the Exchange, currently contains
information on the seat market,
admission of members, listings and
stockholder meetings. In deleting the
reference to the Weekly Bulletin in
Commentary .10 to Amex Rule 584, the
Exchange seeks the flexibility of posting
the Weekly Bulletin and/or the
information contained therein on the
AmexTrader Web site (https://
www.amextrader.com) for a wider
circulation.6
The Commission previously approved
an Exchange proposal to delete
references in Amex’s Constitution and
Rules to the requirement that
membership, corporate governance,
stockholder meetings and disciplinary
information be published in the Weekly
Bulletin.7 However, Commentary .10 to
Amex Rule 584 still contains a reference
to the Weekly Bulletin. Therefore, the
Exchange proposes to delete the
reference to the Weekly Bulletin in
Commentary .10 of Amex Rule 584 in
order to harmonize this rule with the
remainder of Amex’s Constitution and
Rules.
The Exchange does not believe that
this proposal will engender any
controversy as the information
contained in the Weekly Bulletin will
continue to be available to its existing
constituency and will be made available
to the general public through the
AmexTrader Web site.
5 Amex Rule 584 specifies requirements for
members and member organizations regarding
proxy contests involving unregistered companies.
6 In the instance that a person does not have
access to the Internet, the list of meetings of
stockholders will be made available upon request.
7 See Securities Exchange Act Release No. 41840
(Sept. 7, 1999), 64 FR 50128 (Sept. 15, 1999) (SR–
Amex–99–31).
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20:08 Dec 19, 2007
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2. Statutory Basis
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 prevent
fraudulent and manipulative acts and
practices, 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.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The proposed rule change does not
impose any burden on competition that
is not necessary or appropriate in
furtherance of the purposes of the Act.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants or Others
No written comments were solicited
or received with respect to the proposed
rule change.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The Amex has designated the
proposed rule change as one that: (1)
Does not significantly affect the
protection of investors or the public
interest; (2) does not impose any
significant burden on competition; and
(3) does not become operative for 30
days after the date of filing, or such
shorter time as the Commission may
designate if consistent with the
protection of investors and the public
interest. In addition, as required under
Rule 19b–4(f)(6)(iii),10 the Amex
provided the Commission with written
notice of its intention to file the
proposed rule change, along with a brief
description of the text of the proposed
rule change, at least five business days
prior to filing the proposal with the
Commission. Therefore, the proposed
rule change has become effective
pursuant to Section 19(b)(3)(A) of the
Act 11 and Rule 19b–4(f)(6)
thereunder.12
The Amex has requested the
Commission to waive the 30-day
operative delay so that the proposal may
become operative immediately upon
filing.
The Commission hereby grants the
Amex’s request 13 and believes that
8 15
U.S.C. 78f(b).
U.S.C. 78f(b)(5).
10 17 CFR 240.19b–4(f)(6)(iii).
11 15 U.S.C. 78s(b)(3)(A).
12 17 CFR 240.19b–4(f)(6).
13 For purposes only of waiving the 30-day
operative delay, the Commission has considered the
9 15
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Fmt 4703
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waiving the 30-day operative delay is
consistent with the protection of
investors and the public interest. The
Commission notes that it previously
approved an Exchange proposal to
delete references in the Amex’s
Constitution and Rules to the
requirement that membership, corporate
governance, stockholder meetings and
disciplinary information be published
in the Weekly Bulletin 14 and that the
proposed amendment conforms the
language in Commentary .10 of Amex
Rule 584 with the remainder of the
Exchange’s Constitution and Rules by
deleting the reference to the Weekly
Bulletin. In addition, the Commission
believes that waiver of the 30-day
operative period would enable the
Exchange to implement the proposal as
quickly as possible, and thereby provide
for greater uniformity among the Amex’s
Constitution and Rules. For these
reasons, the Commission designates the
proposal to be operative upon filing
with the Commission.
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
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
• Send an e-mail to rulecomments@sec.gov. Please include File
Number SR–Amex–2007–134 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
Number SR–Amex–2007–134. This file
number should be included on the
subject line if e-mail is used. To help the
Commission process and review your
proposal’s impact on efficiency, competition, and
capital formation. 15 U.S.C. 78c(f).
14 See note 7, supra.
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Federal Register / Vol. 72, No. 244 / Thursday, December 20, 2007 / Notices
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 Amex. 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 publicly available. All
submissions should refer to File
Number SR–Amex–2007–134 and
should be submitted on or before
January 10, 2008.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.15
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–24693 Filed 12–19–07; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–56959; File No. SR–Amex–
2007–46]
Self-Regulatory Organizations;
American Stock Exchange LLC; Notice
of Filing and Order Granting
Accelerated Approval of a Proposed
Rule Change, as Modified by
Amendment No. 1 Thereto, To Require
Specialists To Yield Orally Agreed
Upon Proprietary Trades to LaterArriving Customer System Orders
sroberts on PROD1PC70 with NOTICES
December 13, 2007.
Pursuant to section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’) 1 and Rule 19b–4 2 thereunder,
notice is hereby given that on May 10,
2007, the American Stock Exchange LLC
(‘‘Amex’’ or ‘‘Exchange’’) filed with the
15 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
1 15
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20:08 Dec 19, 2007
Jkt 214001
Securities and Exchange Commission
(‘‘Commission’’) the proposed rule
change as described in Items I and II
below, which Items have been
substantially prepared by the Exchange.
On December 4, 2007, Amex filed
Amendment No. 1 to the proposed rule
change. The Commission is publishing
this notice to solicit comments on the
proposed rule change, as amended, from
interested persons and is approving the
proposal on an accelerated basis.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to amend
Amex Rule 950–ANTE to require
specialists to yield proprietary
transactions in options to later arriving
off-Floor customer system agency orders
that enter and are displayed on the
specialist’s Book (‘‘Agency Orders’’) and
could take the specialist’s place in the
proprietary transaction.
The text of the proposed rule change
is available at the Amex, the
Commission’s Public Reference Room,
and https://www.cboe.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
Amex included statements concerning
the purpose of and basis for the
proposed rule change. The text of these
statements may be examined at the
places specified in Item IV below. The
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 Amex states that ANTE Public
Orders Ahead Block (‘‘Block’’) is the
functionality designed to assist
specialists in complying with their
agency obligations, and prevents
specialists from trading ahead of a
public customer order in violation of the
priority rules, unless the trade is marked
as meeting one of the proposed
specified exceptions in the Exchange’s
rules.
The Amex is proposing to add new
Commentary .04 to Amex Rule 950–
ANTE (l) to codify these exceptions to
the requirement that options specialists
yield proprietary transactions to later
arriving Agency Orders that enter and
are displayed on the options specialist’s
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Frm 00081
Fmt 4703
Sfmt 4703
72421
Book and could take the options
specialist’s place in the not yet reported
proprietary transaction.
Exchange rules require specialists to
always yield to customer orders on the
Book when trading in their specialty
securities for their dealer account. When
no other interest is present on the
specialists’ Book, specialists may trade
for their own account with interest
represented on the Book or in the
trading crowd.3
The Exchange proposes to add
Commentary .04 to paragraph (l) of 950–
ANTE to specify certain limited
exceptions when options specialists are
not required to yield to customers
orders on the Book when trading for
their own account. These exceptions are
as follows:
(i) If the later arriving order is an offFloor system order for the account of a
broker-dealer (including, but not limited
to, a foreign broker-dealer, Registered
Options Trader, Supplemental
Registered Options Trader, Remote
Registered Options Trader, or Away
Market Maker); 4
(ii) If the specialist’s trade for his or
her dealer account is a trade effected
pursuant to Rule 950–ANTE (d),
Commentary .01 or Commentary .07(b);
(iii) If the specialist’s trade for his or
her dealer account is a report of
principal participation on an order sent
to another market center through
Options Intermarket Linkage and the
system order arrived after the specialist
sent the Linkage order;
(iv) If the specialist’s trade for his or
her dealer account is in connection with
a P/A order sent to another market
center through the Options Intermarket
Linkage; or
(v) If the specialist’s trade for his or
her dealer account is a correction of a
bona fide specialist error.
These exceptions are discussed in
more detail below:
Priority Over Accounts of BrokerDealers
Because, pursuant to Amex Rule 950–
ANTE, orders for the accounts of brokerdealers do not have priority over
specialists acting as principal, the Block
allows for the specialist not to yield to
such orders.
Complex or Combination Trade Priority
Specialist participation in a
transaction effected pursuant to Rule
3 See Amex Rule 150(b), Rule 155 and Rule 170
generally made applicable to options by Rule 950–
ANTE (a) and (l).
4 Pursuant to 900–ANTE (b)(48), an ‘‘Away
Market Maker’’ is a market maker, as defined in
Section 3(a)(38) of the Act, in options registered as
such on such other national securities exchange.
E:\FR\FM\20DEN1.SGM
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]]>Agencies
[Federal Register Volume 72, Number 244 (Thursday, December 20, 2007)]
[Notices]
[Pages 72419-72421]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-24693]
=======================================================================
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-56947; File No. SR-Amex-2007-134]
Self-Regulatory Organizations; American Stock Exchange LLC;
Notice of Filing and Immediate Effectiveness of a Proposed Rule Change
To Amend Commentary .10 to Amex Rule 584 To Delete the Reference to the
Weekly Bulletin
December 12, 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 December 6, 2007, the American Stock Exchange LLC (``Amex'' or the
``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 prepared substantially by the Amex. The
Amex filed the proposed rule change under 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.
---------------------------------------------------------------------------
\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
The Amex proposes to adopt changes to Commentary .10 to Amex Rule
584 to delete the reference to the Weekly Bulletin therein. The text of
the proposed rule change is available at https://www.amex.com, the
principal offices of the Amex, and the Commission's Public Reference
Room.
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 Amex included statements
concerning the purpose of and basis for the proposed rule change and
discussed any
[[Page 72420]]
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 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 Exchange proposes to amend Commentary .10 to Amex Rule 584 \5\
to delete the reference to the Weekly Bulletin therein. Commentary .10
to Amex Rule 584 requires that all information filed with the Exchange
pursuant to Rule 584 be made public in the lists of the meetings of
stockholders in the Weekly Bulletin.
---------------------------------------------------------------------------
\5\ Amex Rule 584 specifies requirements for members and member
organizations regarding proxy contests involving unregistered
companies.
---------------------------------------------------------------------------
The Weekly Bulletin, published by the Exchange, currently contains
information on the seat market, admission of members, listings and
stockholder meetings. In deleting the reference to the Weekly Bulletin
in Commentary .10 to Amex Rule 584, the Exchange seeks the flexibility
of posting the Weekly Bulletin and/or the information contained therein
on the AmexTrader Web site (https://www.amextrader.com) for a wider
circulation.\6\
---------------------------------------------------------------------------
\6\ In the instance that a person does not have access to the
Internet, the list of meetings of stockholders will be made
available upon request.
---------------------------------------------------------------------------
The Commission previously approved an Exchange proposal to delete
references in Amex's Constitution and Rules to the requirement that
membership, corporate governance, stockholder meetings and disciplinary
information be published in the Weekly Bulletin.\7\ However, Commentary
.10 to Amex Rule 584 still contains a reference to the Weekly Bulletin.
Therefore, the Exchange proposes to delete the reference to the Weekly
Bulletin in Commentary .10 of Amex Rule 584 in order to harmonize this
rule with the remainder of Amex's Constitution and Rules.
---------------------------------------------------------------------------
\7\ See Securities Exchange Act Release No. 41840 (Sept. 7,
1999), 64 FR 50128 (Sept. 15, 1999) (SR-Amex-99-31).
---------------------------------------------------------------------------
The Exchange does not believe that this proposal will engender any
controversy as the information contained in the Weekly Bulletin will
continue to be available to its existing constituency and will be made
available to the general public through the AmexTrader Web site.
2. Statutory Basis
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 prevent fraudulent and
manipulative acts and practices, 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.
---------------------------------------------------------------------------
\8\ 15 U.S.C. 78f(b).
\9\ 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
that is not necessary or appropriate in furtherance of the purposes of
the Act.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants or Others
No written comments were solicited or received with respect to the
proposed rule change.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
The Amex has designated the proposed rule change as one that: (1)
Does not significantly affect the protection of investors or the public
interest; (2) does not impose any significant burden on competition;
and (3) does not become operative for 30 days after the date of filing,
or such shorter time as the Commission may designate if consistent with
the protection of investors and the public interest. In addition, as
required under Rule 19b-4(f)(6)(iii),\10\ the Amex provided the
Commission with written notice of its intention to file the proposed
rule change, along with a brief description of the text of the proposed
rule change, at least five business days prior to filing the proposal
with the Commission. Therefore, the proposed rule change has become
effective pursuant to Section 19(b)(3)(A) of the Act \11\ and Rule 19b-
4(f)(6) thereunder.\12\
---------------------------------------------------------------------------
\10\ 17 CFR 240.19b-4(f)(6)(iii).
\11\ 15 U.S.C. 78s(b)(3)(A).
\12\ 17 CFR 240.19b-4(f)(6).
---------------------------------------------------------------------------
The Amex has requested the Commission to waive the 30-day operative
delay so that the proposal may become operative immediately upon
filing.
The Commission hereby grants the Amex's request \13\ and believes
that waiving the 30-day operative delay is consistent with the
protection of investors and the public interest. The Commission notes
that it previously approved an Exchange proposal to delete references
in the Amex's Constitution and Rules to the requirement that
membership, corporate governance, stockholder meetings and disciplinary
information be published in the Weekly Bulletin \14\ and that the
proposed amendment conforms the language in Commentary .10 of Amex Rule
584 with the remainder of the Exchange's Constitution and Rules by
deleting the reference to the Weekly Bulletin. In addition, the
Commission believes that waiver of the 30-day operative period would
enable the Exchange to implement the proposal as quickly as possible,
and thereby provide for greater uniformity among the Amex's
Constitution and Rules. For these reasons, the Commission designates
the proposal to be operative upon filing with the Commission.
---------------------------------------------------------------------------
\13\ For purposes only of waiving the 30-day operative delay,
the Commission has considered the proposal's impact on efficiency,
competition, and capital formation. 15 U.S.C. 78c(f).
\14\ See note 7, supra.
---------------------------------------------------------------------------
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 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
Send an e-mail to rule-comments@sec.gov. Please include
File Number SR-Amex-2007-134 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 Number SR-Amex-2007-134. This
file number should be included on the subject line if e-mail is used.
To help the Commission process and review your
[[Page 72421]]
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 Amex. 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 publicly available. All submissions should refer to
File Number SR-Amex-2007-134 and should be submitted on or before
January 10, 2008.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\15\
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\15\ 17 CFR 200.30-3(a)(12).
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Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-24693 Filed 12-19-07; 8:45 am]
BILLING CODE 8011-01-P
