Self-Regulatory Organizations; International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Regarding Responses to Special Orders, 16914-16916 [E8-6476]
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16914
Federal Register / Vol. 73, No. 62 / Monday, March 31, 2008 / Notices
Total Annual Responses: An average
of approximately 1,600.
Average Time per Response: 45
minutes per interview.
Estimated Total Burden Hours: The
total annual burden hours is estimated
to be 1,200 hours.
Total Burden Cost: Varies per year,
per following table.
Annual burden
(hrs)
Average cost
per hour
Annual burden
cost
Year
Group of regions
2008 ..................
Generation 1 .................................................................................................
600
$36
$21,600
2009 ..................
Generation 1 .................................................................................................
Generation 2 .................................................................................................
Generation 3 .................................................................................................
600
600
600
36
36
36
64,800
........................
........................
2010 ..................
Generation 2 .................................................................................................
Generation 3 .................................................................................................
600
600
36
36
43,200
........................
Total ...........
.......................................................................................................................
3,600
........................
129,600
The cost to regional representatives to
participate in the unstructured
interviews, based on an annual average
salary of $75,000 per representative, is
approximately $129,600.
Comments submitted in response to
this comment request will be
summarized and/or included in the
request for Office of Management and
Budget approval of the information
collection request; they will also
become a matter of public record.
Dated: March 26, 2008.
Thomas M. Dowd,
Administrator, Office of Policy Development
and Research, Employment and Training
Administration.
[FR Doc. E8–6549 Filed 3–28–08; 8:45 am]
BILLING CODE 4510–FN–P
NUCLEAR REGULATORY
COMMISSION
Agency Information Collection
Activities: Proposed Collection;
Comment Request
U.S. Nuclear Regulatory
Commission (NRC).
ACTION: Notice of pending NRC action to
submit an information collection
request to the Office of Management and
Budget (OMB) and solicitation of public
comment.
mmaher on PROD1PC76 with NOTICES
AGENCY:
SUMMARY: The NRC is preparing a
submittal to OMB for review of
continued approval of information
collections under the provisions of the
Paperwork Reduction Act of 1995 (44
U.S.C. Chapter 35).
Information pertaining to the
requirement to be submitted:
1. The title of the information
collection: NRC Form 354, ‘‘Data Report
on Spouse.’’
2. Current OMB approval number:
3150–0026.
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18:00 Mar 28, 2008
Jkt 214001
3. How often the collection is
required: On occasion.
4. Who is required or asked to report:
NRC contractors, licensees, applicants
and others (e.g. intervenor’s) who marry
or cohabitate after completing the
Personnel Security Forms, or after
having been granted an NRC access
authorization or employment clearance.
5. The number of annual respondents:
60.
6. The number of hours needed
annually to complete the requirement or
request: 12 hours (0.2 hours per
response).
7. Abstract: NRC Form 354 must be
completed by NRC contractors,
licensees, and applicants who marry or
cohabitate after completing the
Personnel Security Forms, or after
having been granted an NRC access
authorization or employment clearance.
Form 354 identifies the respondent, the
marriage, and data on the spouse and
spouse’s parents. This information
permits the NRC to make initial security
determinations and to assure there is no
increased risk to the common defense
and security.
Submit, by May 30, 2008, comments
that address the following questions:
1. Is the proposed collection of
information necessary for the NRC to
properly perform its functions? Does the
information have practical utility?
2. Is the burden estimate accurate?
3. Is there a way to enhance the
quality, utility, and clarity of the
information to be collected?
4. How can the burden of the
information collection be minimized,
including the use of automated
collection techniques or other forms of
information technology?
A copy of the draft supporting
statement may be viewed free of charge
at the NRC Public Document Room, One
White Flint North, 11555 Rockville
Pike, Room O–1 F21, Rockville, MD
20852. OMB clearance requests are
PO 00000
Frm 00079
Fmt 4703
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available at the NRC worldwide Web
site: https://www.nrc.gov/public-involve/
doc-comment/omb/. The
document will be available on the NRC
home page site for 60 days after the
signature date of this notice.
Comments and questions about the
information collection requirements
may be directed to the NRC Clearance
Officer, Margaret A. Janney (T–5 F52),
U.S. Nuclear Regulatory Commission,
Washington, DC 20555–0001, by
telephone at 301–415–7245, or by e-mail
to INFOCOLLECTS@NRC.GOV.
Dated at Rockville, Maryland, this 25th day
of March 2008.
For the Nuclear Regulatory Commission.
Gregory Trussell,
Acting NRC Clearance Officer, Office of
Information Services.
[FR Doc. E8–6518 Filed 3–28–08; 8:45 am]
BILLING CODE 7590–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–57550; File No. SR–ISE–
2008–30]
Self-Regulatory Organizations;
International Securities Exchange,
LLC; Notice of Filing and Immediate
Effectiveness of Proposed Rule
Change Regarding Responses to
Special Orders
March 24, 2008.
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 March 19,
2008, the International Securities
Exchange, LLC (‘‘ISE’’ or ‘‘Exchange’’)
filed with the Securities and Exchange
Commission (‘‘Commission’’) the
proposed rule change as described in
1 15
2 17
U.S.C. 78s(b)(1).
CFR 240.19b–4.
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Federal Register / Vol. 73, No. 62 / Monday, March 31, 2008 / Notices
Items I and II below, which Items have
been substantially prepared by ISE. The
Exchange filed the proposal as a ‘‘noncontroversial’’ proposed rule change
pursuant to section 19(b)(3)(A)(iii) of the
Act 3 and Rule 19b–4(f)(6) thereunder,4
which renders it effective upon filing
with the Commission.5 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 ISE proposes to amend its rules
regarding responses to special orders.
The text of the proposed rule change is
available at ISE, the Commission’s
Public Reference Room, and https://
www.iseoptions.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
ISE 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. The ISE 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
mmaher on PROD1PC76 with NOTICES
The purpose of this proposed rule
change is to amend the Exchange’s rules
regarding responses to special orders.
Currently, when members enter orders
into the options trading system’s Block
Mechanism, Facilitation Mechanism,
and Solicited Order Mechanism, the
orders are exposed to all market
participants for three seconds. However,
the Exchange’s rules restrict on whose
behalf a member may respond. In the
case of the Block, Facilitation and
Solicited Order Mechanisms, members
may not enter responses on behalf of
options market makers on other
exchanges.
Many of ISE’s members operate as
market makers on other exchanges that
do not have this same type of
3 15
U.S.C. 78s(b)(3)(A)(iii).
CFR 240.19b–4(f)(6).
5 The Exchange has asked the Commission to
waive the 30-day operative delay required by Rule
19b–4(f)(6)(iii), 17 CFR 240.19b–4(f)(6)(iii). See
discussion infra Section III.
4 17
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18:00 Mar 28, 2008
Jkt 214001
restrictions in their rules. Accordingly,
the Exchange proposes to eliminate the
restriction on the entry of orders for the
account of market makers of another
options exchange. The Exchange does
not believe that this proposed rule
change will have a material effect on the
current participation in trades entered
into the mechanisms. Further, this
proposed rule change will bring ISE’s
rules into conformance with those of the
other exchanges who, as noted above,
do not have this restriction in their
rules.
2. Statutory Basis
The Exchange believes the proposed
rule change is consistent with the Act
and the rules and regulations under the
Act applicable to a national securities
exchange and, in particular, the
requirements of section 6(b) of the Act.6
Specifically, the Exchange believes the
proposed rule change is consistent with
section 6(b)(5) of the Act 7 requirements
that the rules of a national securities
exchange be designed to promote just
and equitable principles of trade, to
prevent fraudulent and manipulative
acts and, in general, to protect investors
and the public interest. In particular, the
proposed rule change will strengthen
the Exchange’s competitive position
while allowing a greater number of
market participants to respond to
special orders on the Exchange.
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
The Exchange has not solicited, and
does not intend to solicit, comments on
this proposed rule change. The
Exchange has not received any
unsolicited written comments from
members or other interested parties.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
Because the foregoing proposed rule
change does not (1) significantly affect
the protection of investors or the public
interest; (2) impose any significant
burden on competition; and (3) become
operative for thirty days from the date
on which it was filed, or such shorter
time as the Commission may designate
6 15
7 15
PO 00000
U.S.C. 78f(b).
U.S.C. 78f(b)(5).
Frm 00080
Fmt 4703
Sfmt 4703
16915
if consistent with the protection of
investors and the public interest, it has
become effective pursuant to section
19(b)(3)(A) of the Act 8 and Rule 19b–
4(f)(6) 9 thereunder.10
A proposed rule change filed under
Commission Rule 19b–4(f)(6) 11
normally does not become operative
prior to thirty days after the date of
filing. The Exchange requests that the
Commission waive the 30-day operative
delay, as specified in Rule 19b–
4(f)(6)(iii), and designate the proposed
rule change to become operative
immediately. The Commission believes
that waiving the 30-day operative delay
is consistent with the protection of
investors and the public interest
because such waiver will enable a
greater number of market participants to
respond to special orders on the
Exchange. For these reasons, the
Commission designates the proposed
rule change as effective upon filing.12
At any time within 60 days of the
filing of such 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–ISE–2008–30 on the subject
line.
Paper Comments
• Send paper comments in triplicate
to Nancy M. Morris, Secretary,
8 15
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(6).
10 Pursuant to Rule 19b–4(f)(6)(iii), the Exchange
gave the Commission written notice of its intent to
file the proposed rule change, along with a brief
description and text of the proposed rule change,
at least five business days prior to the date on
which the Exchange filed the proposed rule change.
See 17 CFR 240.19b–4(f)(6)(iii).
11 17 CFR 240.19b–4(f)(6).
12 For the purposes only of waiving the operative
date of this proposal, the Commission has
considered the proposed rule’s impact on
efficiency, competition, and capital formation. 15
U.S.C. 78c(f).
9 17
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16916
Federal Register / Vol. 73, No. 62 / Monday, March 31, 2008 / Notices
Securities and Exchange Commission,
100 F Street, NE., Washington, DC
20549–1090.
All submissions should refer to File
Number SR–ISE–2008–30. 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 the filing also will be available
for inspection and copying at the
principal office of the ISE. 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–ISE–2008–30 and should be
submitted on or before April 21, 2008.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.13
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E8–6476 Filed 3–28–08; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–57553; File No. SR–ISE–
2007–76]
Self-Regulatory Organizations;
International Securities Exchange,
LLC; Order Approving a Proposed
Rule Change, as Modified by
Amendment Nos. 1 and 2 Thereto,
Relating to Voluntary Professionals
mmaher on PROD1PC76 with NOTICES
March 25, 2008.
I. Introduction
On August 24, 2007, the International
Securities Exchange, LLC (‘‘ISE’’ or
13 17
CFR 200.30–3(a)(12).
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18:00 Mar 28, 2008
Jkt 214001
‘‘Exchange’’) filed with the Securities
and Exchange Commission
(‘‘Commission’’) a proposed rule change
pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’) 1 and Rule 19b–4 thereunder 2 to
allow Public Customers to elect to
become ‘‘Voluntary Professionals,’’ and
thereby to have their orders treated like
Non-Customer Orders with respect to
the Exchange’s priority rules and
transaction fees.3 On January 25, 2008,
ISE filed Amendment No. 1 to the
proposed rule change. The proposed
rule change, as modified by Amendment
No. 1, was published for comment in
the Federal Register on February 7,
2008.4 The Commission received one
comment letter on the proposal.5 On
March 24, 2008, ISE filed Amendment
No. 2 to the proposed rule change.6 This
order approves the proposed rule
change, as modified by Amendment
Nos. 1 and 2.
II. Description of the Proposal
Currently, ISE grants certain
advantages to Public Customer Orders 7
over Non-Customer Orders. In
particular, Public Customer Orders
receive priority over Non-Customer
Orders and market maker quotes at the
same price. In addition, subject to
certain exceptions,8 Public Customer
Orders do not incur transaction fees, but
may incur cancellation fees.9 Non1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 A ‘‘Public Customer’’ is defined in ISE’s rules
as ‘‘a person that is not a broker or dealer in
securities.’’ ISE Rule 100(a)(38). A ‘‘Non-Customer’’
is defined as ‘‘a person or entity that is a broker or
dealer in securities,’’ and a ‘‘Non-Customer Order’’
is ‘‘an order for the account of a Non-Customer.’’
ISE Rules 100(a)(27) and (28).
4 See Securities Exchange Act Release No. 57255
(February 1, 2008), 73 FR 7348.
5 See letter from Rachel J. Rich, St. Paul, MN, to
Nancy M. Morris, Secretary, Commission, dated
February 7, 2008 (‘‘Rich Letter’’).
6 In Amendment No. 2, ISE stated that it would
issue a circular informing members of the process
to properly mark the orders of Voluntary
Professionals. The Commission considers
Amendment No. 2 a technical amendment not
subject to notice and comment.
7 A ‘‘Public Customer Order’’ is defined as ‘‘an
order for the account of a Public Customer.’’ ISE
Rule 100(a)(39). For the definition of ‘‘Public
Customer,’’ see supra note 3.
8 For example, Public Customer Orders currently
incur fees for certain transactions in ‘‘Premium
Products’’ (defined in the ISE Schedule of Fees) and
Complex Orders that take liquidity on the
Exchange’s complex order book. In addition,
transaction fees are charged for Public Customer
Orders entered in response to special order
broadcasts, such as Facilitation orders, Solicitation
orders, Block orders, and orders entered in the
Exchange’s Price Improvement Mechanism. See ISE
Schedule of Fees.
9 The Exchange imposes a cancellation fee,
currently $1.75 per cancellation, on a clearing EAM
that cancelled at least 500 Public Customer orders
2 17
PO 00000
Frm 00081
Fmt 4703
Sfmt 4703
Customer Orders incur transaction fees,
but are not subject to cancellation fees.
ISE proposes to add a new term,
‘‘Voluntary Professional,’’ to the list of
definitions in Exchange Rule 100. A
Voluntary Professional would be
defined as ‘‘any Public Customer that
elects, in writing, to be treated in the
same manner as a broker or dealer in
securities for purposes of Rules 713,
716, 722, and 723 as well as the
Exchange’s schedule of fees.’’ 10 ISE
proposes further to amend its definition
of Non-Customer to include Voluntary
Professionals.11 Thus, the orders of
Voluntary Professionals would be NonCustomer Orders. Public Customers
would be required to instruct Electronic
Access Members (‘‘EAMs’’) in writing to
designate their orders as Non-Customer
Orders.
As a result of ISE’s proposal, the
orders of Voluntary Professionals would
be treated in ISE’s allocation process on
equal terms with the orders of brokerdealers, and the orders of other Public
Customers would have priority over the
orders of Voluntary Professionals. The
orders of Voluntary Professionals, when
executed, also would incur the same
transaction fees that are charged to
broker-dealers.
In explaining the purpose of the
proposal, the Exchange states that its
members have indicated that certain of
their non-broker-dealer customers, who
employ sophisticated trading strategies
that involve cancelling a large
percentage of their orders before the
orders are executed, would prefer to
have their orders categorized as NonCustomer Orders. By electing to become
Voluntary Professionals, such customers
would not be subject to the Exchange’s
cancellation fees.12
ISE further states that the Voluntary
Professional designation otherwise
would not affect non-broker-dealer
individuals and entities with respect to
all other ISE rules. For example, ISE
in a month for itself or for an introducing broker,
for each order cancellation in excess of the total
number of orders executed for itself or for such
introducing broker that month. The cancellation fee
does not apply to the cancellation of Public
Customer Orders that improve ISE’s disseminated
quote at the time the orders were entered.
10 ISE Rules 713 (Priority of Quotes and Orders),
716 (Block Trades), 722 (Complex Orders), and 723
(Price Improvement Mechanism for Crossing
Transactions) contain provisions concerning
priority in the allocation of orders. The Commission
notes that the orders of Voluntary Professionals
would still be treated as Public Customer Orders
with respect to the rules governing Customer
Participation Orders as set forth in ISE Rule 715
(Types of Orders).
11 ISE Rule 100(a)(21) would be amended to state:
‘‘The term ‘Non-Customer’ means a person or entity
that is a broker or dealer in securities and Voluntary
Professionals.’’
12 See supra note 9 and accompanying text.
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]]>Agencies
[Federal Register Volume 73, Number 62 (Monday, March 31, 2008)]
[Notices]
[Pages 16914-16916]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-6476]
=======================================================================
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-57550; File No. SR-ISE-2008-30]
Self-Regulatory Organizations; International Securities Exchange,
LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule
Change Regarding Responses to Special Orders
March 24, 2008.
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 March 19, 2008, the International Securities Exchange, LLC (``ISE''
or ``Exchange'') filed with the Securities and Exchange Commission
(``Commission'') the proposed rule change as described in
[[Page 16915]]
Items I and II below, which Items have been substantially prepared by
ISE. The Exchange filed the proposal as a ``non-controversial''
proposed rule change pursuant to section 19(b)(3)(A)(iii) of the Act
\3\ and Rule 19b-4(f)(6) thereunder,\4\ which renders it effective upon
filing with the Commission.\5\ 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)(6).
\5\ The Exchange has asked the Commission to waive the 30-day
operative delay required by Rule 19b-4(f)(6)(iii), 17 CFR 240.19b-
4(f)(6)(iii). See discussion infra Section III.
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The ISE proposes to amend its rules regarding responses to special
orders. The text of the proposed rule change is available at ISE, the
Commission's Public Reference Room, and https://www.iseoptions.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 ISE 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. The ISE 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 purpose of this proposed rule change is to amend the Exchange's
rules regarding responses to special orders. Currently, when members
enter orders into the options trading system's Block Mechanism,
Facilitation Mechanism, and Solicited Order Mechanism, the orders are
exposed to all market participants for three seconds. However, the
Exchange's rules restrict on whose behalf a member may respond. In the
case of the Block, Facilitation and Solicited Order Mechanisms, members
may not enter responses on behalf of options market makers on other
exchanges.
Many of ISE's members operate as market makers on other exchanges
that do not have this same type of restrictions in their rules.
Accordingly, the Exchange proposes to eliminate the restriction on the
entry of orders for the account of market makers of another options
exchange. The Exchange does not believe that this proposed rule change
will have a material effect on the current participation in trades
entered into the mechanisms. Further, this proposed rule change will
bring ISE's rules into conformance with those of the other exchanges
who, as noted above, do not have this restriction in their rules.
2. Statutory Basis
The Exchange believes the proposed rule change is consistent with
the Act and the rules and regulations under the Act applicable to a
national securities exchange and, in particular, the requirements of
section 6(b) of the Act.\6\ Specifically, the Exchange believes the
proposed rule change is consistent with section 6(b)(5) of the Act \7\
requirements that the rules of a national securities exchange be
designed to promote just and equitable principles of trade, to prevent
fraudulent and manipulative acts and, in general, to protect investors
and the public interest. In particular, the proposed rule change will
strengthen the Exchange's competitive position while allowing a greater
number of market participants to respond to special orders on the
Exchange.
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78f(b).
\7\ 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
The Exchange has not solicited, and does not intend to solicit,
comments on this proposed rule change. The Exchange has not received
any unsolicited written comments from members or other interested
parties.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
Because the foregoing proposed rule change does not (1)
significantly affect the protection of investors or the public
interest; (2) impose any significant burden on competition; and (3)
become operative for thirty days from the date on which it was filed,
or such shorter time as the Commission may designate if consistent with
the protection of investors and the public interest, it has become
effective pursuant to section 19(b)(3)(A) of the Act \8\ and Rule 19b-
4(f)(6) \9\ thereunder.\10\
---------------------------------------------------------------------------
\8\ 15 U.S.C. 78s(b)(3)(A).
\9\ 17 CFR 240.19b-4(f)(6).
\10\ Pursuant to Rule 19b-4(f)(6)(iii), the Exchange gave the
Commission written notice of its intent to file the proposed rule
change, along with a brief description and text of the proposed rule
change, at least five business days prior to the date on which the
Exchange filed the proposed rule change. See 17 CFR 240.19b-
4(f)(6)(iii).
---------------------------------------------------------------------------
A proposed rule change filed under Commission Rule 19b-4(f)(6) \11\
normally does not become operative prior to thirty days after the date
of filing. The Exchange requests that the Commission waive the 30-day
operative delay, as specified in Rule 19b-4(f)(6)(iii), and designate
the proposed rule change to become operative immediately. The
Commission believes that waiving the 30-day operative delay is
consistent with the protection of investors and the public interest
because such waiver will enable a greater number of market participants
to respond to special orders on the Exchange. For these reasons, the
Commission designates the proposed rule change as effective upon
filing.\12\
---------------------------------------------------------------------------
\11\ 17 CFR 240.19b-4(f)(6).
\12\ For the purposes only of waiving the operative date of this
proposal, the Commission has considered the proposed rule's impact
on efficiency, competition, and capital formation. 15 U.S.C. 78c(f).
---------------------------------------------------------------------------
At any time within 60 days of the filing of such 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-ISE-2008-30 on the subject line.
Paper Comments
Send paper comments in triplicate to Nancy M. Morris,
Secretary,
[[Page 16916]]
Securities and Exchange Commission, 100 F Street, NE., Washington, DC
20549-1090.
All submissions should refer to File Number SR-ISE-2008-30. 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 the filing also will be available for
inspection and copying at the principal office of the ISE. 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-ISE-2008-30 and should be
submitted on or before April 21, 2008.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\13\
Florence E. Harmon,
Deputy Secretary.
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\13\ 17 CFR 200.30-3(a)(12).
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[FR Doc. E8-6476 Filed 3-28-08; 8:45 am]
BILLING CODE 8011-01-P
