Proposed Collection; Comment Request, 4292 [E8-1179]
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Federal Register / Vol. 73, No. 16 / Thursday, January 24, 2008 / Notices
information unless it displays a
currently valid control number.
Please direct general comments
regarding the above information to the
following persons: (i) Desk Officer for
the Securities and Exchange
Commission, Office of Management and
Budget, Room 10102, New Executive
Office Building, Washington, DC 20503
or e-mail to:
Alexander_T._Hunt@omb.eop.gov; and
(ii) R. Corey Booth, Director/Chief
Information Officer, Securities and
Exchange Commission, C/O Shirley
Martinson, 6432 General Green Way,
Alexandria, VA 22312; or send an email to: PRA_Mailbox@sec.gov.
Comments must be submitted to OMB
within 30 days of this notice.
Dated: January 14, 2008.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E8–1159 Filed 1–23–08; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: U.S. Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
jlentini on PROD1PC65 with NOTICES
Extension: Rule 101: OMB Control No. 3235–
0464; SEC File No. 270–408.
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 101 of Regulation M (17 CFR
242.101)—Activities by Distribution
Participants
Rule 101 prohibits distribution
participants from purchasing activities
at specified times during a distribution
of securities. Persons otherwise covered
by these rules may seek to use several
applicable exceptions such as a
calculation of the average daily trading
volume of the securities in distribution,
the maintenance of policies regarding
information barriers between their
affiliates, and the maintenance of a
written policy regarding general
compliance with Regulation M for de
minimus transactions.
VerDate Aug<31>2005
20:35 Jan 23, 2008
Jkt 214001
There are approximately 1,634
respondents per year that require an
aggregate total of 31,355 hours to
comply with this rule. Each respondent
makes an estimated 1 annual response.
Each response takes approximately
19.19 hours to complete. Thus, the total
compliance burden per year is 31,355
burden hours. The total compliance cost
for the respondents is approximately
$1,763,718.75, resulting in a cost of
compliance for the respondent per
response of approximately $1,079.39
(i.e., $1,763,718.75/1,634 responses).
Written comments are invited on: (a)
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
Commission, including whether the
information shall have practical utility;
(b) the accuracy of the Commission’s
estimates 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 email to: PRA_Mailbox@sec.gov.
Comments must be submitted within 60
days of this notice.
Dated: January 17, 2008.
Nancy M. Morris,
Secretary.
[FR Doc. E8–1179 Filed 1–23–08; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–57160; File No. SR–Amex–
2007–20]
Self-Regulatory Organizations;
American Stock Exchange LLC; Order
Approving Proposed Rule Change as
Modified by Amendment No. 1 Related
to Amending Complex Orders
Procedures
January 16, 2008.
I. Introduction
On February 15, 2007, the American
Stock Exchange LLC (‘‘Amex’’ or
‘‘Exchange’’) filed with the Securities
PO 00000
Frm 00121
Fmt 4703
Sfmt 4703
and Exchange Commission
(‘‘Commission’’), pursuant to Section
19(b)(1) of the Securities Exchange Act
of 1934 (‘‘Act’’) 1 and Rule 19b–4
thereunder,2 a proposed rule change to
amend complex orders procedures to
allow the adjustment of the options leg
of the order if market conditions prevent
the execution of the non-option leg at
the price agreed upon. On November 28,
2007, Amex filed Amendment No. 1 to
the proposed rule change. The proposed
rule change was published for comment
in the Federal Register on December 12,
2007.3 The Commission received no
comment letters regarding the proposal.
This order approves the proposed rule
change, as modified by Amendment No.
1.
II. Description
The Exchange proposes to amend
Rule 953–ANTE (b)(ii) to provide that if
the stock leg or security futures leg of
the order cannot be executed at the
price agreed upon due to market
conditions, the price of a trade
representing the execution of the
options leg of the transaction may be
adjusted to be consistent with the net
debit or credit price of the original
order, if market conditions in any of the
non-Exchange markets prevent the
execution of the non-option leg at the
price agreed upon.
In addition, the Commission notes
that Amex has represented that the repricing of the options leg must be
consistent with Amex’s priority and
parity rules. If the transaction does not
satisfy the Exchange’s priority and
parity rules by the end of the trading
day, then the transaction would be
cancelled.
III. Discussion
The Commission has carefully
reviewed the proposed rule change and
the Commission finds that the proposed
rule change is consistent with the
requirements of Section 6 of the Act 4
and the rules and regulations
thereunder applicable to a national
securities exchange.5 In particular, the
Commission finds that the proposal is
consistent with Section 6(b)(5) of the
Act,6 because it is designed to promote
just and equitable principles of trade, to
remove impediments to and perfect the
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 56901
(December 5, 2007), 72 FR 70625.
4 15 U.S.C. 78f.
5 In approving this proposed rule change the
Commission has considered the proposed rule’s
impact on efficiency, competition, and capital
formation. 15 U.S.C. 78c(f).
6 15 U.S.C. 78f(b)(5).
2 17
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24JAN1
]]>Agencies
[Federal Register Volume 73, Number 16 (Thursday, January 24, 2008)]
[Notices]
[Page 4292]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-1179]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: U.S. Securities and
Exchange Commission, Office of Investor Education and Advocacy,
Washington, DC 20549-0213.
Extension: Rule 101: OMB Control No. 3235-0464; SEC File No. 270-
408.
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 101 of Regulation M (17 CFR 242.101)--Activities by
Distribution Participants
Rule 101 prohibits distribution participants from purchasing
activities at specified times during a distribution of securities.
Persons otherwise covered by these rules may seek to use several
applicable exceptions such as a calculation of the average daily
trading volume of the securities in distribution, the maintenance of
policies regarding information barriers between their affiliates, and
the maintenance of a written policy regarding general compliance with
Regulation M for de minimus transactions.
There are approximately 1,634 respondents per year that require an
aggregate total of 31,355 hours to comply with this rule. Each
respondent makes an estimated 1 annual response. Each response takes
approximately 19.19 hours to complete. Thus, the total compliance
burden per year is 31,355 burden hours. The total compliance cost for
the respondents is approximately $1,763,718.75, resulting in a cost of
compliance for the respondent per response of approximately $1,079.39
(i.e., $1,763,718.75/1,634 responses).
Written comments are invited on: (a) Whether the proposed
collection of information is necessary for the proper performance of
the functions of the Commission, including whether the information
shall have practical utility; (b) the accuracy of the Commission's
estimates 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: January 17, 2008.
Nancy M. Morris,
Secretary.
[FR Doc. E8-1179 Filed 1-23-08; 8:45 am]
BILLING CODE 8011-01-P
