Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Nasdaq's Rule 7033, 1390-1391 [E8-84]
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Federal Register / Vol. 73, No. 5 / Tuesday, January 8, 2008 / Notices
15A(g)(3) of the Act,9 which authorize
FINRA to prescribe standards of
training, experience, and competence
for persons associated with FINRA
members.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
FINRA does not believe that the
proposed rule change will result in any
burden on competition that is not
necessary or appropriate in furtherance
of the purposes of the Act.
Number SR–FINRA–2007–032 on the
subject line.
SECURITIES AND EXCHANGE
COMMISSION
Paper Comments
[Release No. 34–57068; File No. SR–
NASDAQ–2007–093]
• Send paper comments in triplicate
to Nancy M. Morris, Secretary,
Securities and Exchange Commission,
Station Place, 100 F Street, NE.,
Washington, DC 20549–1090.
pwalker on PROD1PC71 with NOTICES
All submissions should refer to File
Number SR–FINRA–2007–032. This file
number should be included on the
subject line if e-mail is used. To help the
C. Self-Regulatory Organization’s
Statement on Comments on the
Commission process and review your
Proposed Rule Change Received From
comments more efficiently, please use
Members, Participants or Others
only one method. The Commission will
post all comments on the Commission’s
Written comments were neither
Internet Web site (https://www.sec.gov/
solicited nor received.
rules/sro.shtml). Copies of the
III. Date of Effectiveness of the
submission, all subsequent
Proposed Rule Change and Timing for
amendments, all written statements
Commission Action
with respect to the proposed rule
The proposed rule change has become change that are filed with the
effective pursuant to Section
Commission, and all written
19(b)(3)(A)(i) of the Act 10 and Rule 19b– communications relating to the
11 in that the
4(f)(1) thereunder,
proposed rule change between the
proposed rule change constitutes a
Commission and any person, other than
stated policy, practice, or interpretation
those that may be withheld from the
with respect to the meaning,
public in accordance with the
administration, or enforcement of an
provisions of 5 U.S.C. 552, will be
existing rule of the self-regulatory
available for inspection and copying in
organization. FINRA proposes to
the Commission’s Public Reference
implement the revised Series 72
Room, 100 F Street, NE., Washington,
examination program on February 12,
DC 20549, on official business days
2008. FINRA will announce the
between the hours of 10 a.m. and 3 p.m.
implementation date in a Regulatory
Notice to be published on December 12, Copies of such filing also will be
2007, the date FINRA filed SR–FINRA–
available for inspection and copying at
2007–32 with the Commission.
the principal office of FINRA. All
At any time within 60 days of the
comments received will be posted
filing of the proposed rule change, the
without change; the Commission does
Commission may summarily abrogate
not edit personal identifying
such rule change if it appears to the
information from submissions. You
Commission that such action is
should submit only information that
necessary or appropriate in the public
you wish to make publicly available. All
interest, for the protection of investors,
submissions should refer to File
or otherwise in furtherance of the
Number SR–FINRA–2007–032 and
purposes of the Act.
should be submitted on or before
IV. Solicitation of Comments
January 29, 2008.
Interested persons are invited to
For the Commission, by the Division of
submit written data, views, and
Trading and Markets, pursuant to delegated
arguments concerning the foregoing,
authority.12
including whether the proposed rule
Florence E. Harmon,
change is consistent with the Act.
Deputy Secretary.
Comments may be submitted by any of
[FR Doc. E8–93 Filed 1–7–08; 8:45 am]
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
BILLING CODE 8011–01–P
Self-Regulatory Organizations; The
NASDAQ Stock Market LLC; Notice of
Filing and Immediate Effectiveness of
a Proposed Rule Change to Nasdaq’s
Rule 7033
December 31, 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
19, 2007, The NASDAQ Stock Market
LLC (‘‘Nasdaq’’) filed with the Securities
and Exchange Commission
(‘‘Commission’’) the proposed rule
change as described in Items I, II and III
below, which Items have been prepared
substantially by Nasdaq. Nasdaq has
designated this proposal as one that is
concerned solely with the
administration of the self-regulatory
organization under Section
19(b)(3)(A)(iii) of the Act 3 and Rule
19b–4(f)(3) 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
Nasdaq is filing with the Commission
a proposed rule change to correct
certain errors in the rule manual
regarding fees charged for the Mutual
Fund Quotation Service (‘‘MFQS’’). The
text of the proposed rule change is
available at https://
www.nasdaq.complinet.com, the
principal offices of the Exchange, 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
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 IV below.
Nasdaq has prepared summaries, set
forth in Sections A, B, and C below, of
1 15
9 15
U.S.C. 78o–3(g)(3).
10 15 U.S.C. 78s(b)(3)(A)(i).
11 17 CFR 240.19b–4(f)(1).
VerDate Aug<31>2005
17:32 Jan 07, 2008
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A)(iii).
4 17 CFR 240.19b–4(f)(3).
2 17
12 17
Jkt 214001
PO 00000
CFR 200.30–3(a)(12).
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E:\FR\FM\08JAN1.SGM
08JAN1
Federal Register / Vol. 73, No. 5 / Tuesday, January 8, 2008 / Notices
the most significant aspects of such
statements.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants or Others
The Exchange has neither solicited
nor received written comments on the
proposed rule change.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
Nasdaq is amending its rule manual to
reflect MFQS fees previously approved
when MFQS was operated as a facility
of the National Association of Securities
Dealers (‘‘NASD’’) but inadvertently not
transferred to the corresponding Nasdaq
rule when Nasdaq commenced
operations as a national securities
exchange on August 1, 2006. Pursuant
to SR–NASD–2005–059 ,5Nasdaq
amended NASD Rule 7090 subsections
(a) and (d) to provide for annual MFQS
listing fees of $475 for News Media List
and $350 for the Supplemental List, as
well as a $25 administrative fee. The
changes were approved by the
Commission and became effective
September 27, 2005. However, due to an
oversight, the Nasdaq manual, as
replicated by Nasdaq upon its
separation from NASD, did not include
the revised and approved subsections
(a) or (d) in its corresponding Rule 7033.
Nevertheless, Nasdaq has charged the
approved fees since the effective date of
the approval. Nasdaq seeks to rectify the
oversight through the current rule
proposal.
2. Statutory Basis
Nasdaq believes that the proposed
rule change is consistent with Section
6(b) of the Act 6 in general, and with
Section 6(b)(4) of the Act,7 in particular,
in that the proposal provides for the
equitable allocation of reasonable dues,
fees and other charges among members
and issuers and other persons using any
facility or system which Nasdaq
operates or controls. The proposed rule
change corrects certain errors in the rule
manual to reflect previously approved
MFQS fees.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
pwalker on PROD1PC71 with NOTICES
Nasdaq does not believe that the
proposed rule change will impose any
burden on competition that is not
necessary or appropriate in furtherance
of the purposes of the Act.
5 Securities Exchange Act Release No. 52517
(September 27, 2005), 70 FR 57908 (October 4,
2005).
6 15 U.S.C. 78f(b).
7 15 U.S.C. 78f(b)(4).
VerDate Aug<31>2005
17:32 Jan 07, 2008
Jkt 214001
II. Date of Effectiveness of the Proposed
Rule Change and Timing for
Commission Action
The foregoing proposed rule change
has been designated as concerned solely
with the administration of a selfregulatory organization pursuant to
Section 19(b)(3)(A)(iii) of the Act 8 and
Rule 19b–4(f)(3) 9 thereunder.
Accordingly, the proposal is effective
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.
III. 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–NASDAQ–2007–093 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–NASDAQ–2007–093. 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 Exchange. 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–NASDAQ–2007–093 and
should be submitted on or before
January 29, 2008.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.10
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E8–84 Filed 1–7–08; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–57084; File No. SR–NYSE–
2007–121]
Self-Regulatory Organizations; New
York Stock Exchange LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change To Reduce the
Trading Floor Regulatory Fee
January 2, 2008.
Pursuant to section 19(b)(1) of the
Securities Exchange Act of 1934 (the
‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on December
26, 2007, the New York Stock Exchange
LLC (‘‘NYSE’’ or ‘‘Exchange’’) filed with
the Securities and Exchange
Commission (‘‘Commission’’) the
proposed rule change as described in
Items I, II, and III below, which Items
have been substantially prepared by the
NYSE. The NYSE has designated this
proposal as one establishing or changing
a due, fee, or other charge imposed by
the NYSE under section 19(b)(3)(A)(ii)
of the Act,3 and Rule 19b–4(f)(2)
10 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A)(ii).
1 15
8 15
9 17
PO 00000
U.S.C. 78s(b)(3)(A)(iii).
CFR 240.19b–4(f)(3).
Frm 00078
Fmt 4703
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E:\FR\FM\08JAN1.SGM
08JAN1
]]>Agencies
[Federal Register Volume 73, Number 5 (Tuesday, January 8, 2008)]
[Notices]
[Pages 1390-1391]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-84]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-57068; File No. SR-NASDAQ-2007-093]
Self-Regulatory Organizations; The NASDAQ Stock Market LLC;
Notice of Filing and Immediate Effectiveness of a Proposed Rule Change
to Nasdaq's Rule 7033
December 31, 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 19, 2007, The NASDAQ Stock Market LLC (``Nasdaq'') filed
with the Securities and Exchange Commission (``Commission'') the
proposed rule change as described in Items I, II and III below, which
Items have been prepared substantially by Nasdaq. Nasdaq has designated
this proposal as one that is concerned solely with the administration
of the self-regulatory organization under Section 19(b)(3)(A)(iii) of
the Act \3\ and Rule 19b-4(f)(3) 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)(iii).
\4\ 17 CFR 240.19b-4(f)(3).
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
Nasdaq is filing with the Commission a proposed rule change to
correct certain errors in the rule manual regarding fees charged for
the Mutual Fund Quotation Service (``MFQS''). The text of the proposed
rule change is available at https://www.nasdaq.complinet.com, the
principal offices of the Exchange, 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 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 IV below. Nasdaq has prepared summaries, set forth in Sections A,
B, and C below, of
[[Page 1391]]
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
Nasdaq is amending its rule manual to reflect MFQS fees previously
approved when MFQS was operated as a facility of the National
Association of Securities Dealers (``NASD'') but inadvertently not
transferred to the corresponding Nasdaq rule when Nasdaq commenced
operations as a national securities exchange on August 1, 2006.
Pursuant to SR-NASD-2005-059 ,\5\Nasdaq amended NASD Rule 7090
subsections (a) and (d) to provide for annual MFQS listing fees of $475
for News Media List and $350 for the Supplemental List, as well as a
$25 administrative fee. The changes were approved by the Commission and
became effective September 27, 2005. However, due to an oversight, the
Nasdaq manual, as replicated by Nasdaq upon its separation from NASD,
did not include the revised and approved subsections (a) or (d) in its
corresponding Rule 7033. Nevertheless, Nasdaq has charged the approved
fees since the effective date of the approval. Nasdaq seeks to rectify
the oversight through the current rule proposal.
---------------------------------------------------------------------------
\5\ Securities Exchange Act Release No. 52517 (September 27,
2005), 70 FR 57908 (October 4, 2005).
---------------------------------------------------------------------------
2. Statutory Basis
Nasdaq believes that the proposed rule change is consistent with
Section 6(b) of the Act \6\ in general, and with Section 6(b)(4) of the
Act,\7\ in particular, in that the proposal provides for the equitable
allocation of reasonable dues, fees and other charges among members and
issuers and other persons using any facility or system which Nasdaq
operates or controls. The proposed rule change corrects certain errors
in the rule manual to reflect previously approved MFQS fees.
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78f(b).
\7\ 15 U.S.C. 78f(b)(4).
---------------------------------------------------------------------------
B. Self-Regulatory Organization's Statement on Burden on Competition
Nasdaq does not believe that the proposed rule change will 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
The Exchange has neither solicited nor received written comments on
the proposed rule change.
II. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
The foregoing proposed rule change has been designated as concerned
solely with the administration of a self-regulatory organization
pursuant to Section 19(b)(3)(A)(iii) of the Act \8\ and Rule 19b-
4(f)(3) \9\ thereunder. Accordingly, the proposal is effective 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.
---------------------------------------------------------------------------
\8\ 15 U.S.C. 78s(b)(3)(A)(iii).
\9\ 17 CFR 240.19b-4(f)(3).
---------------------------------------------------------------------------
III. 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-NASDAQ-2007-093 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-NASDAQ-2007-093.
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 Exchange. 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-NASDAQ-2007-093 and should
be submitted on or before January 29, 2008.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\10\
Florence E. Harmon,
Deputy Secretary.
---------------------------------------------------------------------------
\10\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
[FR Doc. E8-84 Filed 1-7-08; 8:45 am]
BILLING CODE 8011-01-P
