Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing of a Proposed Rule To Establish a CBSX-Only Order Type, 55882-55883 [E8-22656]
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55882
Federal Register / Vol. 73, No. 188 / Friday, September 26, 2008 / Notices
2008) required by 44 U.S.C. 3506(c)(2).
That request elicited no comments.
Information Collection Request (ICR)
Title: Medical Reports.
OMB Control Number: OMB 3220–
0038.
Form(s) submitted: G–3EMP, G–197,
G–250, G–250a, G–260, RL–11B, RL–
11D, RL–250.
Type of request: Extension without
change of a currently approved
collection of information.
Affected public: Individuals or
households; Private Sector; State, Local
and Tribal Government.
Abstract: The Railroad Retirement Act
provides disability annuities for
qualified railroad employees whose
physical or mental condition renders
them incapable of working in their
regular occupation (occupational
disability) or any occupation (total
disability). The medical reports obtain
information needed for determining the
nature and severity of the impairment.
Changes proposed: The RRB proposes
no changes to the forms in the
collection.
The burden estimate for the ICR is as
follows:
Annual
responses
Form No.
Time (min.)
Burden (hours)
G–3EMP ......................................................................................................................................
G–197 ..........................................................................................................................................
G–250 ..........................................................................................................................................
G–250a ........................................................................................................................................
G–260 ..........................................................................................................................................
RL–11b ........................................................................................................................................
RL–11d ........................................................................................................................................
RL–250 ........................................................................................................................................
600
6,000
11,950
50
100
5,000
250
11,950
10
10
30
20
25
10
10
10
100
1,000
5,975
17
42
833
42
1,992
Total ......................................................................................................................................
35,900
........................
10,001
Additional information or comments:
Copies of the form and supporting
documents can be obtained from
Charles Mierzwa, the agency clearance
officer at (312–751–3363) or
Charles.Mierzwa@rrb.gov.
Comments regarding the information
collection should be addressed to
Ronald J. Hodapp, Railroad Retirement
Board, 844 North Rush Street, Chicago,
Illinois 60611–2092 or
Ronald.Hodapp@rrb.gov and to the
OMB Desk Officer for the RRB, at the
Office of Management and Budget,
Room 10230, New Executive Office
Building, Washington, DC 20503.
Charles Mierzwa,
Clearance Officer.
[FR Doc. E8–22672 Filed 9–25–08; 8:45 am]
BILLING CODE 7905–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–58603; File No. SR–CBOE–
2008–97]
Self-Regulatory Organizations;
Chicago Board Options Exchange,
Incorporated; Notice of Filing of a
Proposed Rule To Establish a CBSXOnly Order Type
jlentini on PROD1PC65 with NOTICES
September 19, 2008.
Pursuant to section 19(b)(1) of the
Securities Exchange Act of 1934 (the
‘‘Exchange Act’’) 1 and Rule 19b–4
thereunder,2 notice is hereby given that
on September 16, 2008, the Chicago
1 15
2 17
Board Options Exchange, Incorporated
(the ‘‘Exchange’’ or ‘‘CBOE’’) filed with
the Securities and Exchange
Commission (the ‘‘Commission’’) the
proposed rule change as described in
Items I and II below, which Items have
been prepared by the Exchange. 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 Exchange proposes to change
CBOE Stock Exchange (‘‘CBSX’’) Rule
51.8, to adopt a CBSX-Only order. The
text of the proposed rule change is
available on the Exchange’s Web site
(https://www.cboe.com), at the Office of
the Secretary, CBOE 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
self-regulatory organization 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 those statements may be examined at
the places specified in Item IV below.
The Exchange has prepared summaries,
set forth in sections A, B, and C below,
of the most significant parts of such
statements.
U.S.C. 78s(b)(1).
CFR 240.19b–4.
VerDate Aug<31>2005
18:07 Sep 25, 2008
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 revise CBOE Stock
Exchange (‘‘CBSX’’) Rule 51.8 to adopt
a CBSX-Only order type. A CBSX-only
order is an order to buy or sell that is
to be executed in whole or in part on
CBSX, and the portion not so executed
is to be cancelled, without routing the
order to another market center or market
participant, and without being
‘‘flashed’’ at the NBBO price to CBSX
Traders pursuant to Rule 52.6 when
CBSX is not at the NBBO and the order
is marketable against the NBBO. Thus,
a CBSX-Only order would either
immediately execute on CBSX, get
booked on CBSX (provided it does not
cause a locked or crossed market), or
cancel. Many exchanges have similar
order-types (e.g. NSX Rule 11.11(c)(6)).
2. Statutory Basis
The Exchange believes the proposed
rule change is consistent with section
6(b) of the Act 3 in general and furthers
the objectives of section 6(b)(5) of the
Act 4 in particular in that, by offering
users greater control over order routing,
it is designed to promote just and
equitable principles of trade, serve to
remove impediments to and perfect the
mechanism of a free and open market
and a national market system.
3 15
4 15
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PO 00000
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U.S.C. 78f(b).
U.S.C. 78f(b)(5).
26SEN1
Federal Register / Vol. 73, No. 188 / Friday, September 26, 2008 / Notices
B. Self-Regulatory Organization’s
Statement on Burden on Competition
CBOE does not believe that the
proposed rule change will impose any
burden on competition 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 proposed rule change is filed for
immediate effectiveness pursuant to
section 19(b)(3)(A) of the Act 5 and Rule
19b–4(f)(6) thereunder 6 because it
effects a change that (i) does not
significantly affect the protection of
investors or the public interest; (ii) does
not impose any significant burden on
competition; and (iii) by its terms, does
not become operative for 30 days after
the date of the filing, or such shorter
time as the Commission may designate
if consistent with the protection of
investors and the public interest.7
CBOE has requested the Commission
to waive the 30-day operative delay
because the proposal may assist
investors by allowing greater control
over order routing. The Commission
hereby grants the Exchange’s request
and believes such waiver is consistent
with the protection of investors and the
public interest. The CBSX-only order is
similar to orders currently available on
other markets and does not appear to
raise any novel or significant issues.8
Accordingly, the Commission
designates the proposed rule change
operative upon filing with the
Commission.
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views, and
arguments concerning the foregoing,
5 15
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(6).
7 In addition, Rule 19b–4(f)(6) under the Act
requires the self-regulatory organization to give 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 of filing of the
proposed rule change, or such shorter time as
designated by the Commission. The Commission
has determined to waive the five-day prefiling
period in this case.
8 For purposes only of waiving the 30-day
operative delay of this proposal, the Commission
has considered the proposed rule’s impact on
efficiency, competition, and capital formation. See
15 U.S.C. 78c(f).
jlentini on PROD1PC65 with NOTICES
6 17
VerDate Aug<31>2005
18:07 Sep 25, 2008
Jkt 214001
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–CBOE–2008–97 on the
subject line.
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street, NE.,
Washington, DC 20549–1090.
All submissions should refer to File
Number SR–CBOE–2008–97. 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 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
available publicly. All submissions
should refer to File Number SR–CBOE–
2008–97 and should be submitted on or
before October 17, 2008.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.9
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8–22656 Filed 9–25–08; 8:45 am]
BILLING CODE 8010–01–P
9 17
PO 00000
CFR 200.30–3(a)(12).
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55883
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–58599; File No. SR–NYSE–
2008–56]
Self-Regulatory Organizations; New
York Stock Exchange LLC; Order
Approving Proposed Rule Change To
Amend Section 902.09 of the Listed
Company Manual To Establish Fees for
Securities Listed Under Sections
703.21 and 703.22 of the Listed
Company Manual and Traded on NYSE
Bonds and To Waive Fees for
Structured Products Transferred From
the Amex to the NYSE
September 19, 2008.
I. Introduction
On July 24, 2008, the New York Stock
Exchange LLC (‘‘NYSE’’ or ‘‘Exchange’’)
filed with the Securities 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 establish fees for securities listed
under Sections 703.21 and 703.22 of the
Listed Company Manual and traded on
NYSE Bonds 3 and to waive fees for
certain structured products transferred
from the American Stock Exchange LLC
(‘‘Amex’’) to the NYSE. The proposed
rule change was published in the
Federal Register on August 11, 2008.4
The Commission received no comments
on the proposal. This order approves the
proposed rule change.
II. Description of the Proposal
The Exchange proposes to amend
Section 902.09 of the Manual to extend
the initial and continued listing fees
charged thereunder to certain listed
securities traded on the equity floor to
securities listed under Section 703.21
(Equity-Linked Debt Securities) and
Section 703.22 (Index-Linked
Securities) and traded on NYSE Bonds.5
The Exchange does not currently set
forth in the Manual any listing fees for
securities that are listed under either
Section 703.21 of the Manual (EquityLinked Debt Securities) or Section
1 15
USC. 78s(b)(1).
CFR 240.19b–4.
3 NYSE Bonds is the Exchange trading system
designated for the purposes of receiving,
processing, executing, and reporting orders in
bonds. See NYSE Rule 86.
4 See Securities Exchange Act Release No. 58301
(August 4, 2008), 73 FR 46672.
5 Section 902.09 of the Manual currently sets
forth initial and continued listing fees to securities
listed under Section 703.15 of the Manual (Foreign
Currency Warrants and Currency Index Warrants)
and Section 703.22 of the Manual (Index-Linked
Securities) and traded on the equity floor of the
Exchange.
2 17
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]]>Agencies
[Federal Register Volume 73, Number 188 (Friday, September 26, 2008)]
[Notices]
[Pages 55882-55883]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-22656]
=======================================================================
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-58603; File No. SR-CBOE-2008-97]
Self-Regulatory Organizations; Chicago Board Options Exchange,
Incorporated; Notice of Filing of a Proposed Rule To Establish a CBSX-
Only Order Type
September 19, 2008.
Pursuant to section 19(b)(1) of the Securities Exchange Act of 1934
(the ``Exchange Act'') \1\ and Rule 19b-4 thereunder,\2\ notice is
hereby given that on September 16, 2008, the Chicago Board Options
Exchange, Incorporated (the ``Exchange'' or ``CBOE'') filed with the
Securities and Exchange Commission (the ``Commission'') the proposed
rule change as described in Items I and II below, which Items have been
prepared by the Exchange. 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.
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The Exchange proposes to change CBOE Stock Exchange (``CBSX'') Rule
51.8, to adopt a CBSX-Only order. The text of the proposed rule change
is available on the Exchange's Web site (https://www.cboe.com), at the
Office of the Secretary, CBOE 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 self-regulatory organization
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 those statements may be examined at
the places specified in Item IV below. The Exchange has prepared
summaries, set forth in sections A, B, and C below, of the most
significant parts 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 revise CBOE Stock
Exchange (``CBSX'') Rule 51.8 to adopt a CBSX-Only order type. A CBSX-
only order is an order to buy or sell that is to be executed in whole
or in part on CBSX, and the portion not so executed is to be cancelled,
without routing the order to another market center or market
participant, and without being ``flashed'' at the NBBO price to CBSX
Traders pursuant to Rule 52.6 when CBSX is not at the NBBO and the
order is marketable against the NBBO. Thus, a CBSX-Only order would
either immediately execute on CBSX, get booked on CBSX (provided it
does not cause a locked or crossed market), or cancel. Many exchanges
have similar order-types (e.g. NSX Rule 11.11(c)(6)).
2. Statutory Basis
The Exchange believes the proposed rule change is consistent with
section 6(b) of the Act \3\ in general and furthers the objectives of
section 6(b)(5) of the Act \4\ in particular in that, by offering users
greater control over order routing, it is designed to promote just and
equitable principles of trade, serve to remove impediments to and
perfect the mechanism of a free and open market and a national market
system.
---------------------------------------------------------------------------
\3\ 15 U.S.C. 78f(b).
\4\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
[[Page 55883]]
B. Self-Regulatory Organization's Statement on Burden on Competition
CBOE does not believe that the proposed rule change will impose any
burden on competition 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 proposed rule change is filed for immediate effectiveness
pursuant to section 19(b)(3)(A) of the Act \5\ and Rule 19b-4(f)(6)
thereunder \6\ because it effects a change that (i) does not
significantly affect the protection of investors or the public
interest; (ii) does not impose any significant burden on competition;
and (iii) by its terms, does not become operative for 30 days after the
date of the filing, or such shorter time as the Commission may
designate if consistent with the protection of investors and the public
interest.\7\
---------------------------------------------------------------------------
\5\ 15 U.S.C. 78s(b)(3)(A).
\6\ 17 CFR 240.19b-4(f)(6).
\7\ In addition, Rule 19b-4(f)(6) under the Act requires the
self-regulatory organization to give 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 of filing of the proposed rule
change, or such shorter time as designated by the Commission. The
Commission has determined to waive the five-day prefiling period in
this case.
---------------------------------------------------------------------------
CBOE has requested the Commission to waive the 30-day operative
delay because the proposal may assist investors by allowing greater
control over order routing. The Commission hereby grants the Exchange's
request and believes such waiver is consistent with the protection of
investors and the public interest. The CBSX-only order is similar to
orders currently available on other markets and does not appear to
raise any novel or significant issues.\8\ Accordingly, the Commission
designates the proposed rule change operative upon filing with the
Commission.
---------------------------------------------------------------------------
\8\ For purposes only of waiving the 30-day operative delay of
this proposal, the Commission has considered the proposed rule's
impact on efficiency, competition, and capital formation. See 15
U.S.C. 78c(f).
---------------------------------------------------------------------------
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-CBOE-2008-97 on the subject line.
Paper Comments
Send paper comments in triplicate to Secretary, Securities
and Exchange Commission, 100 F Street, NE., Washington, DC 20549-1090.
All submissions should refer to File Number SR-CBOE-2008-97. 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 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 available publicly. All submissions should refer to
File Number SR-CBOE-2008-97 and should be submitted on or before
October 17, 2008.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\9\
---------------------------------------------------------------------------
\9\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8-22656 Filed 9-25-08; 8:45 am]
BILLING CODE 8010-01-P
