Joint Industry Plan; Notice of Filing and Immediate Effectiveness of Amendment to the National Market System Plan for the Selection and Reservation of Securities Symbols To Add NASDAQ OMX BX, Inc., as a Party Thereto, 729-730 [E9-11]
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[FR Doc. E8–31423 Filed 1–6–09; 8:45 am]
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SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–59187; File No. 4–533]
Joint Industry Plan; Notice of Filing
and Immediate Effectiveness of
Amendment to the National Market
System Plan for the Selection and
Reservation of Securities Symbols To
Add NASDAQ OMX BX, Inc., as a Party
Thereto
December 30, 2008.
Pursuant to Section 11A(a)(3) of the
Securities Exchange Act of 1934
(‘‘Act’’)1 and Rule 608 thereunder,2
notice is hereby given that on December
24, 2008, NASDAQ OMX BX, Inc.,
(‘‘BSE’’) filed with the Securities and
Exchange Commission (‘‘Commission’’)
an amendment to the National Market
System Plan for the Selection and
Reservation of Securities Symbols
(‘‘Symbology Plan’’ or ‘‘Plan’’).3 The
amendment proposes to add BSE as a
party to the Symbology Plan. The
Commission is publishing this notice to
solicit comments on the proposed
amendment from interested persons.
I. Description and Purpose of the
Amendment
The current parties to the Symbology
Plan are Chicago Board Options
Exchange, Incorporated (‘‘CBOE’’), CHX,
FINRA, the International Securities
Exchange, LLC (‘‘ISE’’), Nasdaq, New
York Stock Exchange LLC (‘‘NYSE’’),
NYSE Arca, Inc. (‘‘NYSE Arca’’), NYSE
Alternext U.S. LLC (‘‘NYSE Alternext’’),
NSX and Phlx.4 The proposed
amendment to the Symbology Plan
would add BSE as a party to the
Symbology Plan. A self-regulatory
organization (‘‘SRO’’) may become a
1 15
U.S.C. 78k–1(a)(3).
CFR 242.608.
3 On November 6, 2008, the Commission
approved the Symbology Plan that was originally
proposed by the Chicago Stock Exchange, Inc.
(‘‘CHX’’), The Nasdaq Stock Market, Inc.
(‘‘Nasdaq’’), National Association of Securities
Dealers, Inc. (‘‘NASD’’) (n/k/a Financial Industry
Regulatory Authority, Inc. (‘‘FINRA’’)), National
Stock Exchange, Inc. (‘‘NSX’’), and Philadelphia
Stock Exchange, Inc. (‘‘Phlx’’), subject to certain
changes. See Securities Exchange Act Release No.
58904, 73 FR 67218 (November 13, 2008) (File No.
4–533).
4 On November 18, 2008, ISE filed with the
Commission an amendment to the Plan to add ISE
as a member to the Plan. See Securities and
Exchange Act Release No. 59024 (November 26,
2008) 73 FR 74538 (December 8, 2008) (File No. 4–
533).
On December 22, 2008, NYSE, NYSE Arca, and
NYSE Alternext (‘‘NYSE Group Exchanges’’) and
CBOE filed with the Commission amendments to
the Plan to add the NYSE Group Exchanges and
CBOE as members to the Plan. See Securities
Exchange Act Release No. 59162 (December 24,
2008) (File No. 4–533).
2 17
PO 00000
Frm 00059
Fmt 4703
Sfmt 4703
729
party to the Symbology Plan if it
satisfies the requirements of Section I(c)
of the Plan. Specifically, an SRO may
become a party to the Symbology Plan
if: (i) It maintains a market for the listing
or trading of Plan Securities 5 in
accordance with rules approved by the
Commission, which securities are
identified by one, two, or three
character symbols, on the one hand, or
four or five character symbols, on the
other hand, in each case prior to any
suffix or special conditional identifier;
(ii) it signs a current copy of the Plan;
and (iii) it pays to the other parties a
proportionate share of the aggregate
development costs, based upon the
number of symbols reserved by the new
party during the first twelve (12) months
of such party’s membership.6
BSE has submitted a signed copy of
the Symbology Plan to the Commission
in accordance with the requirement set
forth in the Symbology Plan regarding
new parties to the plan.
II. Effectiveness of the Proposed
Symbology Plan Amendment
The foregoing proposed Symbology
Plan amendment has become effective
pursuant to Rule 608(b)(3)(iii) 7 because
it involves solely technical or
ministerial matters. At any time within
60 days of the filing of the amendment,
the Commission may summarily
abrogate the amendment and require
that it be refiled pursuant to paragraph
(b)(1) of Rule 608,8 if it appears to the
Commission that such action is
necessary or appropriate in the public
interest, for the protection of investors
or the maintenance of fair and orderly
markets, to remove impediments to, and
perfect the mechanisms of, a national
market system 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 amendment 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
5 ‘‘Plan Securities’’ are defined in the Symbology
Plan as securities that: (i) Are NMS securities as
currently defined in Rule 600(a)(46) under the Act;
and (ii) any other equity securities quoted, traded
and/or trade reported through an SRO facility.
6 Sections I(c) and IV(a) of the Plan.
7 17 CFR 242.608(b)(3)(iii).
8 17 CFR 242.608(b)(1).
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730
Federal Register / Vol. 74, No. 4 / Wednesday, January 7, 2009 / Notices
• Send an e-mail to rulecomments@sec.gov. Please include File
Number 4–533 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 4–533. 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 the 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 4–533 and
should be submitted on or before
January 28, 2009.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.9
Florence E. Harmon,
Acting Secretary.
[FR Doc. E9–11 Filed 1–6–09; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–59182; File No. SR–CBOE–
2008–130]
Self-Regulatory Organizations;
Chicago Board Options Exchange,
Incorporated; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change Relating to the Options
Regulatory Fee
December 30, 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 December
24, 2008, the Chicago Board Options
Exchange, Incorporated (‘‘CBOE’’ or the
‘‘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
by CBOE. 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
CBOE proposes to amend its Fees
Schedule relating to the Options
Regulatory Fee. The text of the proposed
rule change is available on the
Exchange’s Web site (https://
www.cboe.org/legal), at the Exchange’s
Office of the Secretary and at the
Commission.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission,
CBOE 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. CBOE has prepared
summaries, set forth in sections (A), (B),
and (C) below, of the most significant
aspects of such statements.
transaction-based ‘‘Options Regulatory
Fee’’ (‘‘ORF’’).3 Effective January 1,
2009, the Exchange would assess $.0045
per contract to each member for all
options transactions executed by the
member that are cleared by The Options
Clearing Corporation (‘‘OCC’’) in the
customer range (i.e., that clear in a
customer account at OCC), excluding
Options Intermarket Linkage Plan
(‘‘Linkage’’) orders. The ORF would be
imposed upon all such transactions
executed by a member, even if such
transactions do not take place on the
Exchange. The ORF would be collected
indirectly from members through their
clearing firms by OCC on behalf of the
Exchange.
The Exchange proposes to waive the
fee until February 1, 2009. The purpose
for the fee waiver is to allow additional
time for the Exchange and OCC to
implement the procedures to be used by
OCC to bill and collect the ORF.
(b) Statutory Basis
The Exchange believes the proposed
rule change is consistent with Section
6(b) of the Securities Exchange Act of
1934 (‘‘Act’’) 4 [sic], in general, and
furthers the objectives of Section
6(b)(4) 5 of the Act in particular, in that
it is designed to provide for the
equitable allocation of reasonable dues,
fees, and other charges among its
members and other persons using its
facilities. The Exchange believes it is
appropriate to waive the ORF pending
the implementation of the billing and
collection procedures for the ORF.
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 that is not
necessary or appropriate in furtherance
of purposes of the Act.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
No written comments were solicited
or received with respect to the proposed
rule change.
(a) Purpose
The Exchange recently filed a
proposed rule change with the
Commission to eliminate Registered
Representative Fees and establish a
3 See Securities Exchange Act Release No. 58817
(October 20, 2008), 73 FR 63744 (October 27, 2008).
The ORF is designed to recover a portion of the
costs to the Exchange of the supervision and
regulation of its members, including performing
routine surveillances, investigations, examinations,
financial monitoring, and policy, rulemaking,
interpretive, and enforcement activities.
4 15 U.S.C. 78f(b).
5 15 U.S.C. 78f(b)(4).
1 15
9 17
CFR 200.30–3(a)(12).
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PO 00000
U.S.C. 78s(b)(1).
CFR 240.19b–4.
Frm 00060
Fmt 4703
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Agencies
[Federal Register Volume 74, Number 4 (Wednesday, January 7, 2009)]
[Notices]
[Pages 729-730]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-11]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-59187; File No. 4-533]
Joint Industry Plan; Notice of Filing and Immediate Effectiveness
of Amendment to the National Market System Plan for the Selection and
Reservation of Securities Symbols To Add NASDAQ OMX BX, Inc., as a
Party Thereto
December 30, 2008.
Pursuant to Section 11A(a)(3) of the Securities Exchange Act of
1934 (``Act'')\1\ and Rule 608 thereunder,\2\ notice is hereby given
that on December 24, 2008, NASDAQ OMX BX, Inc., (``BSE'') filed with
the Securities and Exchange Commission (``Commission'') an amendment to
the National Market System Plan for the Selection and Reservation of
Securities Symbols (``Symbology Plan'' or ``Plan'').\3\ The amendment
proposes to add BSE as a party to the Symbology Plan. The Commission is
publishing this notice to solicit comments on the proposed amendment
from interested persons.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78k-1(a)(3).
\2\ 17 CFR 242.608.
\3\ On November 6, 2008, the Commission approved the Symbology
Plan that was originally proposed by the Chicago Stock Exchange,
Inc. (``CHX''), The Nasdaq Stock Market, Inc. (``Nasdaq''), National
Association of Securities Dealers, Inc. (``NASD'') (n/k/a Financial
Industry Regulatory Authority, Inc. (``FINRA'')), National Stock
Exchange, Inc. (``NSX''), and Philadelphia Stock Exchange, Inc.
(``Phlx''), subject to certain changes. See Securities Exchange Act
Release No. 58904, 73 FR 67218 (November 13, 2008) (File No. 4-533).
---------------------------------------------------------------------------
I. Description and Purpose of the Amendment
The current parties to the Symbology Plan are Chicago Board Options
Exchange, Incorporated (``CBOE''), CHX, FINRA, the International
Securities Exchange, LLC (``ISE''), Nasdaq, New York Stock Exchange LLC
(``NYSE''), NYSE Arca, Inc. (``NYSE Arca''), NYSE Alternext U.S. LLC
(``NYSE Alternext''), NSX and Phlx.\4\ The proposed amendment to the
Symbology Plan would add BSE as a party to the Symbology Plan. A self-
regulatory organization (``SRO'') may become a party to the Symbology
Plan if it satisfies the requirements of Section I(c) of the Plan.
Specifically, an SRO may become a party to the Symbology Plan if: (i)
It maintains a market for the listing or trading of Plan Securities \5\
in accordance with rules approved by the Commission, which securities
are identified by one, two, or three character symbols, on the one
hand, or four or five character symbols, on the other hand, in each
case prior to any suffix or special conditional identifier; (ii) it
signs a current copy of the Plan; and (iii) it pays to the other
parties a proportionate share of the aggregate development costs, based
upon the number of symbols reserved by the new party during the first
twelve (12) months of such party's membership.\6\
---------------------------------------------------------------------------
\4\ On November 18, 2008, ISE filed with the Commission an
amendment to the Plan to add ISE as a member to the Plan. See
Securities and Exchange Act Release No. 59024 (November 26, 2008) 73
FR 74538 (December 8, 2008) (File No. 4-533).
On December 22, 2008, NYSE, NYSE Arca, and NYSE Alternext
(``NYSE Group Exchanges'') and CBOE filed with the Commission
amendments to the Plan to add the NYSE Group Exchanges and CBOE as
members to the Plan. See Securities Exchange Act Release No. 59162
(December 24, 2008) (File No. 4-533).
\5\ ``Plan Securities'' are defined in the Symbology Plan as
securities that: (i) Are NMS securities as currently defined in Rule
600(a)(46) under the Act; and (ii) any other equity securities
quoted, traded and/or trade reported through an SRO facility.
\6\ Sections I(c) and IV(a) of the Plan.
---------------------------------------------------------------------------
BSE has submitted a signed copy of the Symbology Plan to the
Commission in accordance with the requirement set forth in the
Symbology Plan regarding new parties to the plan.
II. Effectiveness of the Proposed Symbology Plan Amendment
The foregoing proposed Symbology Plan amendment has become
effective pursuant to Rule 608(b)(3)(iii) \7\ because it involves
solely technical or ministerial matters. At any time within 60 days of
the filing of the amendment, the Commission may summarily abrogate the
amendment and require that it be refiled pursuant to paragraph (b)(1)
of Rule 608,\8\ if it appears to the Commission that such action is
necessary or appropriate in the public interest, for the protection of
investors or the maintenance of fair and orderly markets, to remove
impediments to, and perfect the mechanisms of, a national market system
or otherwise in furtherance of the purposes of the Act.
---------------------------------------------------------------------------
\7\ 17 CFR 242.608(b)(3)(iii).
\8\ 17 CFR 242.608(b)(1).
---------------------------------------------------------------------------
III. Solicitation of Comments
Interested persons are invited to submit written data, views and
arguments concerning the foregoing, including whether the amendment 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
[[Page 730]]
Send an e-mail to rule-comments@sec.gov. Please include
File Number 4-533 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 4-533. 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 the 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 4-533
and should be submitted on or before January 28, 2009.
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. E9-11 Filed 1-6-09; 8:45 am]
BILLING CODE 8011-01-P