Self-Regulatory Organizations; Boston Stock Exchange, Inc., Notice of Filing and Immediate Effectiveness of Proposed Rule Change, as Modified by Amendment No. 2 Thereto, Relating to Exchange Fees and Charges, 19532-19533 [E8-7503]
Download as PDF
<![CDATA[
19532
Federal Register / Vol. 73, No. 70 / Thursday, April 10, 2008 / Notices
purpose of improving labor law
compliance in the agricultural sector in
Guatemala. Approximately $940,000
million dollars are available for award.
Specific objectives of the grant
include: Increased ability of workers in
targeted agricultural communities to
exercise their labor rights; increased
awareness among workers and
employers in targeted agricultural
communities about national labor laws;
and systems implemented in targeted
communities/workplaces to improve
labor law compliance and working
conditions. The duration of the project
funded by this solicitation is three to
four years. The start date of program
activities will be negotiated upon award
of the Cooperative Agreement, but will
be no later than September 30, 2008.
ILAB is authorized to award and
administer this program by the
Department of Labor Appropriations
Act, 2008, Public Law No. 110–161, 121
Stat. 1844 (2007).
The full Solicitation for Grant
Application is posted on https://
www.Grants.Gov under U.S. Department
of Labor/ILAB. Only Applications
submitted through https://
www.Grants.Gov will be accepted. If you
need to speak to a person concerning
these grants, or if you have issues
regarding access to the Grants.Gov Web
site, you may telephone Lisa Harvey at
202–693–4592 (not a toll-free number).
Signed at Washington, DC this 4th day of
April 2008.
Lisa Harvey,
Grant Officer.
[FR Doc. E8–7596 Filed 4–9–08; 8:45 am]
BILLING CODE 4510–28–P
NATIONAL TRANSPORTATION
SAFETY BOARD
Sunshine Act Meeting
TIME AND DATE:
9:30 a.m., April 15,
2008.
NTSB Conference Center, 429
L’Enfant Plaza, SW., Washington, DC
20594.
STATUS: The one item is open to the
public.
MATTER TO BE CONSIDERED: 8002
Aircraft Accident Report—
Runway Overrun During Landing,
Shuttle America, Inc., doing business as
Delta Connection Flight 6448, Embraer
ERJ–170, N862RW, Cleveland, Ohio,
February 18, 2007.
NEWS MEDIA CONTACT: Telephone: (202)
314–6100: Individuals requesting
specific accommodations should contact
Chris Bisett at (202) 314–6305 by
Friday, April 11, 2008.
mstockstill on PROD1PC66 with NOTICES
PLACE:
VerDate Aug<31>2005
16:48 Apr 09, 2008
Jkt 214001
The public may view the meeting via
a live or archived webcast by accessing
a link under ‘‘News & Events’’ on the
NTSB home page at https://
www.ntsb.gov.
FOR MORE INFORMATION CONTACT: Vicky
D’Onofrio, (202) 314–6410.
Dated: April 4, 2008.
Vicky D’Onofrio,
Federal Register Liaison Officer.
[FR Doc. E8–7479 Filed 4–9–08; 8:45 am]
BILLING CODE 7533–01–M
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–57618; File No. SR–BSE–
2008–21]
Self-Regulatory Organizations; Boston
Stock Exchange, Inc., Notice of Filing
and Immediate Effectiveness of
Proposed Rule Change, as Modified by
Amendment No. 2 Thereto, Relating to
Exchange Fees and Charges
April 4, 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 27,
2008, the Boston Stock Exchange, Inc.
(‘‘BSE’’ 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
prepared substantially by the Exchange.
On April 2, 2008, the BSE filed
Amendment No. 1 to the proposed rule
change.3 On April 3, 2008, the Exchange
withdrew Amendment No.1 and
simultaneously filed Amendment No. 2
to the proposal.4 BSE has designated
this proposal as one establishing or
changing a due, fee, or other charge
imposed by the Exchange under Section
19(b)(3)(A),5 and Rule 19b–4(f)(2)
thereunder,6 which renders the proposal
effective upon filing with the
Commission. The Commission is
publishing this notice to solicit
comments on the proposed rule change,
as modified by Amendment No. 2, from
interested persons.
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 Amendment No. 1 eliminated from the original
filing reference to Section 7.c. (‘‘Intermarket
Linkage Transactions’’) of the BSE Fee Schedule.
Any proposed changes to Section 7.c. of the BSE
Fee Schedule will be the subject of a separate filing.
4 Amendment No. 2 corrected two typographical
errors in the rule text set forth in Amendment No.
1. Amendment No. 2 superseded and replaced the
previously filed Amendment 1 in its entirety.
5 15 U.S.C. 78s(b)(3)(A).
6 17 CFR 240.19b–4(f)(2).
2 17
PO 00000
Frm 00079
Fmt 4703
Sfmt 4703
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to amend the
Fee Schedule of the Boston Options
Exchange (‘‘BOX’’). The text of the
proposed rule change is available on the
Exchange’s Web site (https://
www.bostonstock.com ), at Exchange’s
principal office, and at 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
BSE included statements concerning the
purpose of, and basis for, the proposed
rule change and discussed any
comments it received on the proposal.
The text of these statements may be
examined at the places specified in Item
IV below. The BSE 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 is proposing to amend
Section 7 of the BOX Fee Schedule. The
proposed rule change will remove the
‘‘M or T Non-Penny Pilot Classes’’ from
the BOX Fee Schedule, resulting in the
Liquidity Make or Take Pricing
Structure (‘‘Make or Take’’) applying
only to those classes of options included
in the Penny Pilot Program on BOX
(‘‘Penny Pilot Classes’’).7
On November 30, 2007, the Exchange
filed a rule proposal with the
Commission which added to Make or
Take the twenty five (25) most actively
traded options classes on BOX that at
that time were not included within the
Penny Pilot Program (‘‘M or T NonPenny Pilot Classes’’).8 Recently,
nineteen (19) of these M or T NonPenny Pilot Classes were included in an
expansion of the Penny Pilot Program.9
The Exchange does not consider it
7 The rules pertaining to the Penny Pilot Program
on BOX can be found in Section 33 of Chapter V
of the BOX Rules. The Exchange has notified
Participants of the classes included within the
Penny Pilot Program via Regulatory Circular. See
BOXR Regulatory Circular 2008–06.
8 See Securities Exchange Act Release No. 56948
(December 12, 2007), 72 FR 72426 (December 20,
2007) (SR–BSE–2007–52).
9 See Securities Exchange Act Release No. 57566
(March 26, 2008), 73 FR 18013 (April 2, 2008) (SR–
BSE–2008–20). This filing added twenty eight (28)
of the most actively-traded, multiply-listed options
classes, according to Options Clearing Corporation
volume statistics, to the Penny Pilot Program.
E:\FR\FM\10APN1.SGM
10APN1
Federal Register / Vol. 73, No. 70 / Thursday, April 10, 2008 / Notices
beneficial to investors or the public in
general to continue to apply the Make
or Take pricing structure to the six (6)
M or T Non-Penny Pilot Classes that
were not included in the Penny Pilot
Program expansion.
The Exchange proposes to apply Make
or Take only to those classes of options
that are included within the Penny Pilot
Program on BOX. The fees and credits
associated with the Make or Take
pricing structure will no longer apply to
transactions in any class of options
other than those included in the Penny
Pilot Program. The standard trading
fees, as delineated in the remainder of
the BOX Fee Schedule, shall apply to
those options classes that this proposal
seeks to remove from Make or Take.10
2. Statutory Basis
The Exchange believes that the
proposal is consistent with the
requirements of Section 6(b) of the
Act,11 in general, and furthers the
objectives of Section 6(b)(4) of the Act,12
in particular, in that it is designed to
provide for the equitable allocation of
reasonable dues, fees, and other charges
among its members and issuers and
other persons using its facilities.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange 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 comments on the proposed
rule change.
mstockstill on PROD1PC66 with NOTICES
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
Because the foregoing rule change
establishes or changes a due, fee, or
other charge imposed by the Exchange,
it has become effective pursuant to
Section 19(b)(3)(A) of the Act 13 and
subparagraph (f)(2) of Rule 19b–4 14
thereunder. 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
10 The BOX Fee Schedule can be found on the
BOX Web site at https://www.bostonoptions.com.
11 15 U.S.C. 78f(b).
12 15 U.S.C. 78f(b)(4).
13 15 U.S.C. 78s(b)(3)(A).
14 17 CFR 240.19b–4(f)(2).
VerDate Aug<31>2005
16:48 Apr 09, 2008
Jkt 214001
19533
interest, for the protection of investors,
or otherwise in furtherance of the
purposes of the Act.15
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:
you wish to make available publicly. All
submissions should refer to File No.
SR–BSE–2008–21 and should be
submitted on or before May 1, 2008.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.16
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E8–7503 Filed 4–9–08; 8:45 am]
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–BSE–2008–21 on the
subject line.
Paper Comments
• Send paper comments in triplicate
to Nancy M. Morris, Secretary,
Securities and Exchange Commission,
100 F Street, NE., Washington DC
20549–1090.
All submissions should refer to File
Number SR–BSE–2008–21. 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 BSE. All
comments received will be posted
without change; the Commission does
not edit personal identifying
information from submissions. You
should submit only information that
15 For purposes of calculating the 60-day period
within which the Commission may summarily
abrogate the proposed rule change under Section
19(b)(3)(C) of the Act, the Commission considers
the period to commence on April 3, 2008, the date
on which BSE filed Amendment No. 2. See 15
U.S.C. 78s(b)(3)(C).
PO 00000
Frm 00080
Fmt 4703
Sfmt 4703
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–57613]
Self-Regulatory Organizations; Boston
Stock Exchange, Inc.; Declaration of
Effectiveness of the Boston Stock
Exchange Fingerprinting Plan
April 3, 2008.
On March 27, 2008, the Boston Stock
Exchange, Inc. (‘‘BSE’’ or ‘‘Exchange’’)
filed with the Securities and Exchange
Commission (‘‘Commission’’) a
Fingerprint Plan (‘‘Plan’’) pursuant to
Rule 17f–2(c) 1 under the Securities
Exchange Act of 1934 (‘‘Act’’).2 A copy
of the Plan is attached as Exhibit A.
The BSE believes that the Plan will
facilitate compliance by Exchange
members with section 17(f)(2) of the Act
and Rule 17f–2 thereunder, by
providing a facility for the fingerprints
of directors, partners, officers and
employees of Exchange members to be
submitted to the Attorney General of the
United States or his designee (‘‘Attorney
General’’) and processed electronically.
Under the Plan, all persons who are
seeking registration with the BSE or are
currently registered with the BSE
submit fingerprints and identifying
information, on paper or electronically,
to the Financial Industry Regulation
Authority, Inc. (‘‘FINRA’’), which then
forwards the fingerprints to the Federal
Bureau of Investigation (‘‘FBI’’) (the
fingerprint processing arm of the
Attorney General). The FBI identifies
submitted fingerprints, retrieves
relevant criminal history information,
and returns fingerprint reports to
FINRA. BSE members will be able to
view the status and results of
fingerprints, including any relevant
criminal history information, through
FINRA’s Web Central Registration
Depository (Web CRD) system after
submission to the Attorney General.
FINRA notifies the Exchange if the
fingerprint results received by FINRA
contain information indicating that the
16 17
CFR 200.30–3(a)(12).
CFR 240.17f–2(c).
2 15 U.S.C. 78a et seq.
1 17
E:\FR\FM\10APN1.SGM
10APN1
]]>Agencies
[Federal Register Volume 73, Number 70 (Thursday, April 10, 2008)]
[Notices]
[Pages 19532-19533]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-7503]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-57618; File No. SR-BSE-2008-21]
Self-Regulatory Organizations; Boston Stock Exchange, Inc.,
Notice of Filing and Immediate Effectiveness of Proposed Rule Change,
as Modified by Amendment No. 2 Thereto, Relating to Exchange Fees and
Charges
April 4, 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 27, 2008, the Boston Stock Exchange, Inc. (``BSE'' 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 prepared substantially by the
Exchange. On April 2, 2008, the BSE filed Amendment No. 1 to the
proposed rule change.\3\ On April 3, 2008, the Exchange withdrew
Amendment No.1 and simultaneously filed Amendment No. 2 to the
proposal.\4\ BSE has designated this proposal as one establishing or
changing a due, fee, or other charge imposed by the Exchange under
Section 19(b)(3)(A),\5\ and Rule 19b-4(f)(2) thereunder,\6\ which
renders the proposal effective upon filing with the Commission. The
Commission is publishing this notice to solicit comments on the
proposed rule change, as modified by Amendment No. 2, from interested
persons.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ Amendment No. 1 eliminated from the original filing
reference to Section 7.c. (``Intermarket Linkage Transactions'') of
the BSE Fee Schedule. Any proposed changes to Section 7.c. of the
BSE Fee Schedule will be the subject of a separate filing.
\4\ Amendment No. 2 corrected two typographical errors in the
rule text set forth in Amendment No. 1. Amendment No. 2 superseded
and replaced the previously filed Amendment 1 in its entirety.
\5\ 15 U.S.C. 78s(b)(3)(A).
\6\ 17 CFR 240.19b-4(f)(2).
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The Exchange proposes to amend the Fee Schedule of the Boston
Options Exchange (``BOX''). The text of the proposed rule change is
available on the Exchange's Web site (https://www.bostonstock.com ), at
Exchange's principal office, and at 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 BSE included statements
concerning the purpose of, and basis for, the proposed rule change and
discussed any comments it received on the proposal. The text of these
statements may be examined at the places specified in Item IV below.
The BSE 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 is proposing to amend Section 7 of the BOX Fee
Schedule. The proposed rule change will remove the ``M or T Non-Penny
Pilot Classes'' from the BOX Fee Schedule, resulting in the Liquidity
Make or Take Pricing Structure (``Make or Take'') applying only to
those classes of options included in the Penny Pilot Program on BOX
(``Penny Pilot Classes'').\7\
---------------------------------------------------------------------------
\7\ The rules pertaining to the Penny Pilot Program on BOX can
be found in Section 33 of Chapter V of the BOX Rules. The Exchange
has notified Participants of the classes included within the Penny
Pilot Program via Regulatory Circular. See BOXR Regulatory Circular
2008-06.
---------------------------------------------------------------------------
On November 30, 2007, the Exchange filed a rule proposal with the
Commission which added to Make or Take the twenty five (25) most
actively traded options classes on BOX that at that time were not
included within the Penny Pilot Program (``M or T Non-Penny Pilot
Classes'').\8\ Recently, nineteen (19) of these M or T Non-Penny Pilot
Classes were included in an expansion of the Penny Pilot Program.\9\
The Exchange does not consider it
[[Page 19533]]
beneficial to investors or the public in general to continue to apply
the Make or Take pricing structure to the six (6) M or T Non-Penny
Pilot Classes that were not included in the Penny Pilot Program
expansion.
---------------------------------------------------------------------------
\8\ See Securities Exchange Act Release No. 56948 (December 12,
2007), 72 FR 72426 (December 20, 2007) (SR-BSE-2007-52).
\9\ See Securities Exchange Act Release No. 57566 (March 26,
2008), 73 FR 18013 (April 2, 2008) (SR-BSE-2008-20). This filing
added twenty eight (28) of the most actively-traded, multiply-listed
options classes, according to Options Clearing Corporation volume
statistics, to the Penny Pilot Program.
---------------------------------------------------------------------------
The Exchange proposes to apply Make or Take only to those classes
of options that are included within the Penny Pilot Program on BOX. The
fees and credits associated with the Make or Take pricing structure
will no longer apply to transactions in any class of options other than
those included in the Penny Pilot Program. The standard trading fees,
as delineated in the remainder of the BOX Fee Schedule, shall apply to
those options classes that this proposal seeks to remove from Make or
Take.\10\
---------------------------------------------------------------------------
\10\ The BOX Fee Schedule can be found on the BOX Web site at
https://www.bostonoptions.com.
---------------------------------------------------------------------------
2. Statutory Basis
The Exchange believes that the proposal is consistent with the
requirements of Section 6(b) of the Act,\11\ in general, and furthers
the objectives of Section 6(b)(4) of the Act,\12\ in particular, in
that it is designed to provide for the equitable allocation of
reasonable dues, fees, and other charges among its members and issuers
and other persons using its facilities.
---------------------------------------------------------------------------
\11\ 15 U.S.C. 78f(b).
\12\ 15 U.S.C. 78f(b)(4).
---------------------------------------------------------------------------
B. Self-Regulatory Organization's Statement on Burden on Competition
The Exchange 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 comments on the
proposed rule change.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
Because the foregoing rule change establishes or changes a due,
fee, or other charge imposed by the Exchange, it has become effective
pursuant to Section 19(b)(3)(A) of the Act \13\ and subparagraph (f)(2)
of Rule 19b-4 \14\ thereunder. 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.\15\
---------------------------------------------------------------------------
\13\ 15 U.S.C. 78s(b)(3)(A).
\14\ 17 CFR 240.19b-4(f)(2).
\15\ For purposes of calculating the 60-day period within which
the Commission may summarily abrogate the proposed rule change under
Section 19(b)(3)(C) of the Act, the Commission considers the period
to commence on April 3, 2008, the date on which BSE filed Amendment
No. 2. See 15 U.S.C. 78s(b)(3)(C).
---------------------------------------------------------------------------
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-BSE-2008-21 on the subject line.
Paper Comments
Send paper comments in triplicate to Nancy M. Morris,
Secretary, Securities and Exchange Commission, 100 F Street, NE.,
Washington DC 20549-1090.
All submissions should refer to File Number SR-BSE-2008-21. 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 BSE. 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 No. SR-BSE-2008-21 and should be
submitted on or before May 1, 2008.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\16\
Florence E. Harmon,
Deputy Secretary.
---------------------------------------------------------------------------
\16\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
[FR Doc. E8-7503 Filed 4-9-08; 8:45 am]
BILLING CODE 8011-01-P
