Self-Regulatory Organizations; The Depository Trust Company; Notice of Filing of Proposed Rule Change To Implement and Revise Fees Related to Non-Participant Services, 7716-7718 [E9-3429]

Download as PDF 7716 Federal Register / Vol. 74, No. 32 / Thursday, February 19, 2009 / Notices DTC–2008–06 pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’).1 Notice of the proposal was published in the Federal Register on August 18, 2008.2 The Commission received no comment letters. For the reasons discussed below, the Commission is approving the proposed rule change as amended. II. Description DTC is modifying its end of day settlement procedures relating to settlement acknowledgement cut-off time frames for Settling Banks.3 DTC’s End-of-Day Settlement Processing controls and coordinates the settling of Participant accounts and Settling Bank accounts on DTC’s systems. Settlement occurs through the Fedwire system and is initiated when DTC posts final figures for Participants and Settling Banks. Although the actual settlement process begins with the posting of the final settlement figures at approximately 3:45 p.m. each day,4 DTC’s settlement system provides Participants and Settling Banks with online reports throughout the processing day. These reports reflect gross debits, gross credits, and the net debit or credit for each Participant and a net-net figure for each Settling Bank. Settling Banks, which settle for themselves, may also settle for other Participants. Currently, the cut-off time for Settling Banks to acknowledge their net-net settlement balance or to refuse to settle for a specific Participant is the later of 4:30 p.m. or 30 minutes after final net-net settlement balances are first made available by DTC.5 Any Participant for which a Settling Bank has refused to settle must make arrangements for payment of any amount due DTC. Once the Settling Bank acknowledgement process has been completed, DTC utilizes the Federal Reserve Bank of New York’s National Settlement Service (‘‘NSS’’) to effect end-of-day cash settlement. DTC is proposing that the cut-off time for Settling Banks to acknowledge their settlement balance or refusal to settle for a Participant be the later of 4:15 p.m. or 1 15 U.S.C. 78s(b)(1). Exchange Act Release No. 58343 (August 12, 2008), 73 FR 48259. 3 The term ‘‘Settling Bank’’ means a Participant which is a bank or trust company, subject to supervision or regulation pursuant to Federal or State banking laws, which is a party to an effective Settling Bank Agreement. 4 All times are Eastern Standard Time. 5 The end-of-day net-net figure is the net of all participants’ net balances after cross endorsement with the National Securities Clearing Corporation for which a Settling Bank settles, including its own accounts. sroberts on PROD1PC70 with NOTICES 2 Securities VerDate Nov<24>2008 17:38 Feb 18, 2009 Jkt 217001 30 minutes after DTC has posted final net-net settlement balances. DTC is proposing this change to enable DTC to be in a position to release the credit amount due Participants at an earlier time. Since DTC provides each Settling Bank with online reports throughout the processing day which reflect gross debits, gross credits, and the net debit or credit for each Participant and a netnet figure for the Settling Bank, DTC believes that this earlier cut-off time should not cause any undo burden. In the event that a Settling Bank is experiencing difficulty in identifying customer cash flows or has another extenuating circumstance and as a result needs more time to acknowledge settlement or refuses to settle, that Settling Bank would have to notify the Settlement department of its request for additional time prior to 4:15 p.m. III. Discussion Section 19(b) of the Act directs the Commission to approve a proposed rule change of a self-regulatory organization if it finds that such proposed rule change is consistent with the requirements of the Act and the rules and regulations thereunder applicable to such organization. Section 17A(b)(3)(F) of the Act requires that the rules of a clearing agency be designed to promote the prompt and accurate clearance and settlement of securities transactions.6 The Commission believes that DTC’s rule change is consistent with this Section because the rule change should facilitate the prompt and accurate clearance and settlement of securities by enabling DTC to send the NSS file to the Federal Reserve Bank of New York earlier in the day and thus complete settlement earlier. IV. Conclusion On the basis of the foregoing, the Commission finds that the proposed rule change, as amended, is consistent with the requirements of the Act and in particular Section 17A of the Act and the rules and regulations thereunder.7 It is therefore ordered, pursuant to Section 19(b)(2) of the Act, that the proposed rule change (File No. SR– DTC–2008–06) as amended be and hereby is approved. U.S.C. 78q–1(b)(3)(F). approving the proposed rule change, as amended, the Commission considered the proposal’s impact on efficiency, competition, and capital formation. For the Commission by the Division of Trading and Markets, pursuant to delegated authority.8 Florence E. Harmon, Deputy Secretary. [FR Doc. E9–3428 Filed 2–18–09; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–59387; File No. SR–DTC– 2009–04] Self-Regulatory Organizations; The Depository Trust Company; Notice of Filing of Proposed Rule Change To Implement and Revise Fees Related to Non-Participant Services February 11, 2009. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’),1 notice is hereby given that on January 16, 2009, The Depository Trust Company (‘‘DTC’’) 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 primarily by DTC. The Commission is publishing this notice to solicit comments on the proposed rule change from interested parties. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change DTC is seeking to revise its fee schedule for Security Position Reports (‘‘SPRs’’). II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, DTC 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. DTC has prepared summaries, set forth in sections (A), (B), and (C) below, of the most significant aspects of these statements.2 (A) Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change An SPR is a report prepared by DTC showing for an issuer whose securities are eligible for DTC’s book entry 6 15 7 In PO 00000 Frm 00059 Fmt 4703 Sfmt 4703 8 17 CFR 200.30–3(a)(12). U.S.C. 78s(b)(1). 2 The Commission has modified the text of the summaries prepared by DTC. 1 15 E:\FR\FM\19FEN1.SGM 19FEN1 Federal Register / Vol. 74, No. 32 / Thursday, February 19, 2009 / Notices services (1) the identity of each DTC participant having that issuer’s securities credited as of a selected date to its participant account (i.e., ‘‘security position’’) and (2) the quantity of securities so credited. DTC also provides SPR information to trustees and other authorized third-party agents. These entities typically need SPR information provided by DTC in order to properly conduct proxy, record date, and voting rights-related functions. Several types of SPRs are available: (1) Weekly reports that show daily closing positions during that week; (2) monthly reports that show closing positions on the last business day of the month; (3) quarterly dividend record date reports that show closing positions on the dividend record date; and (4) 7717 special requests that show closing positions for the date specified. Weekly, monthly, and quarterly record date reports are available by annual subscription only. DTC charges a fee for each SPR and offers discounts for high volume SPR service users. Currently, the fee charged to issuers or trustees for SPRs are as follows: Report/item Fee Weekly Report (one-year minimum subscription required) ...................... Monthly Report (one-year minimum subscription required) ..................... Dividend Record Date Report (one-year minimum subscription required). Special Requests ...................................................................................... Fax ............................................................................................................ Spreadsheet ............................................................................................. Extra Copy ................................................................................................ Fax, Spreadsheet and Extra copy charges are currently billed in addition to subscription and special request charges. DTC is proposing to improve processing efficiencies by eliminating the separate billing of Fax, Spreadsheet, • • • • • $1,950 per year for the first security issue. $575.00 per year for each additional security for the same issuer. $450.00 per year for the first security issue. $225.00 per year for each additional security for the same issuer. $150 per year. • $120.00 per report, per date request. • $25.00 additional per report charge when fax service is specifically requested. • $25.00 additional per report charge when spreadsheet is specifically requested. • $25.00 additional fee for the reproduction of previously compiled SPR information. and Extra Copy charges for weekly and monthly subscriptions, as well as dividend record date reports, and by incorporating the cost of delivering those ‘‘additional’’ services into the subscription charge for the particular report ordered. Fees for Special Requests, including Fax, Spreadsheet, and Extra Copy charges would remain unchanged. Therefore, DTC proposes to adopt revised SPR fees as follows: Report/item Fee Weekly Report (one-year minimum subscription required). • $1950 per year for the first security issue, plus a one time charge of $1400 per additional copy/recipient for that security issue. • $575.00 per year for each additional security for the same issuer, plus a one time charge of $575 per additional copy/recipient. • $450.00 per year for the first security issue, plus a one time charge of $300 per additional copy/recipient for that security issue. • $225.00 per year for each additional security for the same issuer, plus a one time charge of $225 per additional copy/recipient. • $150 per year; one year minimum subscription required, plus a one time charge of $150 per additional copy/recipient for that security issue. • $120.00 per report, per date request. • $25.00 additional per report charge when fax service is specifically requested. • $25.00 additional per report charge when spreadsheet is specifically requested. • $25.00 additional fee for the reproduction of previously compiled SPR information. Monthly Report (one-year minimum subscription required). Dividend Record Date Report (one-year minimum subscription required). Special Requests ................................................ Special Requests—Fax ...................................... Special Requests —Spreadsheet ....................... Special Requests—Extra Copy .......................... (C) Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants or Others (B) Self-Regulatory Organization’s Statement on Burden on Competition sroberts on PROD1PC70 with NOTICES DTC believes that the proposed rule change is consistent with the requirements of Section 17A of the Act 3 and the rules and regulations thereunder applicable to DTC because it should provide for the equitable allocation of reasonable dues, fees, and other charges among the users of DTC’s services. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action DTC does not believe that the proposed rule change will have any impact or impose any burden on competition. 3 15 U.S.C. 78q–1. VerDate Nov<24>2008 17:38 Feb 18, 2009 Jkt 217001 Written comments have not been solicited with respect to the proposed rule change, and none have been received. Within thirty-five days of the date of publication of this notice in the Federal Register or within such longer period (i) as the Commission may designate up to ninety days of such date if it finds such PO 00000 Frm 00060 Fmt 4703 Sfmt 4703 longer period to be appropriate and publishes its reasons for so finding or (ii) as to which the self-regulatory organization consents, the Commission will: (A) By order approve such proposed rule change or (B) Institute proceedings to determine whether the proposed rule change should be disapproved. 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. E:\FR\FM\19FEN1.SGM 19FEN1 7718 Federal Register / Vol. 74, No. 32 / Thursday, February 19, 2009 / Notices 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–DTC–2009–04 on the subject line. sroberts on PROD1PC70 with NOTICES Paper Comments • Send paper comments in triplicate to Elizabeth M. Murphy, Secretary, Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549–1090. All submissions should refer to File Number SR–DTC–2009–04. 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 Section, 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 DTC and on DTC’s Web site at https://www.dtcc.com/ downloads/legal/rule_filings/2009/dtc/ 2009-04.pdf. 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–DTC– 2009–04 and should be submitted on or before March 12, 2009. For the Commission by the Division of Trading and Markets, pursuant to delegated authority.4 Florence E. Harmon, Deputy Secretary. [FR Doc. E9–3429 Filed 2–18–09; 8:45 am] BILLING CODE 8011–01–P 4 17 CFR 200.30–3(a)(12). VerDate Nov<24>2008 17:38 Feb 18, 2009 Jkt 217001 SECURITIES AND EXCHANGE COMMISSION [Release No. 34–59382; File No. SR–FINRA– 2008–064] Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Order Approving Proposed Rule Change To Amend NASD Interpretive Material (IM) 2110–2 (Trading Ahead of Customer Limit Order) February 11, 2009. I. Introduction On December 17, 2008, Financial Industry Regulatory Authority, Inc. (‘‘FINRA’’) (f/k/a National Association of Securities Dealers, Inc. (‘‘NASD’’)) 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 to amend NASD Interpretive Material (IM) 2110–2 (Trading Ahead of Customer Limit Order) with respect to the determination of the minimum price improvement obligation in an OTC equity security priced below $1.00 where there is no published current inside spread or there is only a onesided quote. The proposed rule change was published for comment in the Federal Register on December 31, 2008.3 The Commission received no comment letters on the proposed rule change. II. Description of the Proposed Rule Change IM–2110–2 (commonly referred to as the ‘‘Manning Rule’’) generally prohibits a member from trading for its own account at prices that would satisfy a customer’s limit order unless the member immediately thereafter executes the customer limit order at the price at which it traded for its own account or at a better price. Under amendments to IM–2110–2 that the Commission approved on September 12, 2008,4 and that became effective on November 11, 2008,5 IM–2110–2 sets forth the minimum level of price improvement, depending on the price of the customer limit order, that a member must provide in order to trade ahead of an unexecuted customer limit order without triggering 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Securities Exchange Act Release No. 59138 (December 22, 2008), 73 FR 80482. 4 See Securities Exchange Act Release No. 58532 (September 12, 2008), 73 FR 54649 (September 22, 2008) (order approving SR–NASD–2007–041). 5 See Regulatory Notice 08–49 (September 2008). 2 17 PO 00000 Frm 00061 Fmt 4703 Sfmt 4703 the protections provided by the Manning Rule. The minimum price improvement tiers set forth in IM–2110–2 are as follows: (1) For customer limit orders priced greater than or equal to $1.00, the minimum amount of price improvement required is $0.01 for NMS stocks and the lesser of $0.01 or one-half (1⁄2) of the current inside spread for OTC equity securities; (2) For customer limit orders priced greater than or equal to $.01 and less than $1.00, the minimum amount of price improvement required is the lesser of $0.01 or one-half (1⁄2) of the current inside spread; (3) For customer limit orders priced less than $.01 but greater than or equal to $0.001, the minimum amount of price improvement required is the lesser of $0.001 or one-half (1⁄2) of the current inside spread; (4) For customer limit orders priced less than $.001 but greater than or equal to $0.0001, the minimum amount of price improvement required is the lesser of $0.0001 or one-half (1⁄2) of the current inside spread; (5) For customer limit orders priced less than $.0001 but greater than or equal to $0.00001, the minimum amount of price improvement required is the lesser of $0.00001 or one-half (1⁄2) of the current inside spread; (6) For customer limit orders priced less than $.00001, the minimum amount of price improvement required is the lesser of $0.000001 or one-half (1⁄2) of the current inside spread; and (7) For customer limit orders priced outside the best inside market, the minimum amount of price improvement required must either meet the requirements set forth above or the member must trade at a price at or inside the best inside market for the security. Therefore, if a firm is holding a customer limit order to buy priced at $.75 and the applicable minimum price improvement standard is $.01, the firm would be permitted to buy at $.76 or higher without triggering the requirements of IM–2110–2. The proposed rule change is intended to provide members with an alternative method of calculating the minimum price improvement in cases where a member receives a limit order for an OTC equity security priced below $1.00 and there is no quoted market. The minimum price-improvement standards are either a fixed amount as noted above or one-half (1⁄2) of the current inside spread. However, where there is no current inside spread, the minimum price-improvement standard defaults to E:\FR\FM\19FEN1.SGM 19FEN1

Agencies

[Federal Register Volume 74, Number 32 (Thursday, February 19, 2009)]
[Notices]
[Pages 7716-7718]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-3429]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-59387; File No. SR-DTC-2009-04]


Self-Regulatory Organizations; The Depository Trust Company; 
Notice of Filing of Proposed Rule Change To Implement and Revise Fees 
Related to Non-Participant Services

February 11, 2009.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 
(``Act''),\1\ notice is hereby given that on January 16, 2009, The 
Depository Trust Company (``DTC'') 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 
primarily by DTC. The Commission is publishing this notice to solicit 
comments on the proposed rule change from interested parties.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
---------------------------------------------------------------------------

I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    DTC is seeking to revise its fee schedule for Security Position 
Reports (``SPRs'').

II. Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

    In its filing with the Commission, DTC 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. DTC has prepared summaries, set forth in sections (A), 
(B), and (C) below, of the most significant aspects of these 
statements.\2\
---------------------------------------------------------------------------

    \2\ The Commission has modified the text of the summaries 
prepared by DTC.
---------------------------------------------------------------------------

(A) Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

    An SPR is a report prepared by DTC showing for an issuer whose 
securities are eligible for DTC's book entry

[[Page 7717]]

services (1) the identity of each DTC participant having that issuer's 
securities credited as of a selected date to its participant account 
(i.e., ``security position'') and (2) the quantity of securities so 
credited. DTC also provides SPR information to trustees and other 
authorized third-party agents. These entities typically need SPR 
information provided by DTC in order to properly conduct proxy, record 
date, and voting rights-related functions.
    Several types of SPRs are available: (1) Weekly reports that show 
daily closing positions during that week; (2) monthly reports that show 
closing positions on the last business day of the month; (3) quarterly 
dividend record date reports that show closing positions on the 
dividend record date; and (4) special requests that show closing 
positions for the date specified. Weekly, monthly, and quarterly record 
date reports are available by annual subscription only.
    DTC charges a fee for each SPR and offers discounts for high volume 
SPR service users.
    Currently, the fee charged to issuers or trustees for SPRs are as 
follows:

------------------------------------------------------------------------
              Report/item                              Fee
------------------------------------------------------------------------
Weekly Report (one-year minimum           $1,950 per year for
 subscription required).                  the first security issue.
                                          $575.00 per year for
                                          each additional security for
                                          the same issuer.
Monthly Report (one-year minimum          $450.00 per year for
 subscription required).                  the first security issue.
                                          $225.00 per year for
                                          each additional security for
                                          the same issuer.
Dividend Record Date Report (one-year     $150 per year.
 minimum subscription required).
Special Requests.......................   $120.00 per report,
                                          per date request.
Fax....................................   $25.00 additional per
                                          report charge when fax service
                                          is specifically requested.
Spreadsheet............................   $25.00 additional per
                                          report charge when spreadsheet
                                          is specifically requested.
Extra Copy.............................   $25.00 additional fee
                                          for the reproduction of
                                          previously compiled SPR
                                          information.
------------------------------------------------------------------------

    Fax, Spreadsheet and Extra copy charges are currently billed in 
addition to subscription and special request charges. DTC is proposing 
to improve processing efficiencies by eliminating the separate billing 
of Fax, Spreadsheet, and Extra Copy charges for weekly and monthly 
subscriptions, as well as dividend record date reports, and by 
incorporating the cost of delivering those ``additional'' services into 
the subscription charge for the particular report ordered. Fees for 
Special Requests, including Fax, Spreadsheet, and Extra Copy charges 
would remain unchanged. Therefore, DTC proposes to adopt revised SPR 
fees as follows:

------------------------------------------------------------------------
         Report/item                              Fee
------------------------------------------------------------------------
Weekly Report (one-year         $1950 per year for the first
 minimum subscription           security issue, plus a one time charge
 required).                     of $1400 per additional copy/recipient
                                for that security issue.
                                $575.00 per year for each
                                additional security for the same issuer,
                                plus a one time charge of $575 per
                                additional copy/recipient.
Monthly Report (one-year        $450.00 per year for the first
 minimum subscription           security issue, plus a one time charge
 required).                     of $300 per additional copy/recipient
                                for that security issue.
                                $225.00 per year for each
                                additional security for the same issuer,
                                plus a one time charge of $225 per
                                additional copy/recipient.
Dividend Record Date Report     $150 per year; one year minimum
 (one-year minimum              subscription required, plus a one time
 subscription required).        charge of $150 per additional copy/
                                recipient for that security issue.
Special Requests.............   $120.00 per report, per date
                                request.
Special Requests--Fax........   $25.00 additional per report
                                charge when fax service is specifically
                                requested.
Special Requests --             $25.00 additional per report
 Spreadsheet.                   charge when spreadsheet is specifically
                                requested.
Special Requests--Extra Copy.   $25.00 additional fee for the
                                reproduction of previously compiled SPR
                                information.
------------------------------------------------------------------------

    DTC believes that the proposed rule change is consistent with the 
requirements of Section 17A of the Act \3\ and the rules and 
regulations thereunder applicable to DTC because it should provide for 
the equitable allocation of reasonable dues, fees, and other charges 
among the users of DTC's services.
---------------------------------------------------------------------------

    \3\ 15 U.S.C. 78q-1.
---------------------------------------------------------------------------

(B) Self-Regulatory Organization's Statement on Burden on Competition

    DTC does not believe that the proposed rule change will have any 
impact or impose any burden on competition.

(C) Self-Regulatory Organization's Statement on Comments on the 
Proposed Rule Change Received From Members, Participants or Others

    Written comments have not been solicited with respect to the 
proposed rule change, and none have been received.

III. Date of Effectiveness of the Proposed Rule Change and Timing for 
Commission Action

    Within thirty-five days of the date of publication of this notice 
in the Federal Register or within such longer period (i) as the 
Commission may designate up to ninety days of such date if it finds 
such longer period to be appropriate and publishes its reasons for so 
finding or (ii) as to which the self-regulatory organization consents, 
the Commission will:
    (A) By order approve such proposed rule change or
    (B) Institute proceedings to determine whether the proposed rule 
change should be disapproved.

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.

[[Page 7718]]

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-DTC-2009-04 on the subject line.

Paper Comments

     Send paper comments in triplicate to Elizabeth M. Murphy, 
Secretary, Securities and Exchange Commission, 100 F Street, NE., 
Washington, DC 20549-1090.

All submissions should refer to File Number SR-DTC-2009-04. 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 Section, 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 DTC and on DTC's Web 
site at https://www.dtcc.com/downloads/legal/rule_filings/2009/dtc/
2009-04.pdf. 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-DTC-
2009-04 and should be submitted on or before March 12, 2009.

    For the Commission by the Division of Trading and Markets, 
pursuant to delegated authority.\4\
---------------------------------------------------------------------------

    \4\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9-3429 Filed 2-18-09; 8:45 am]
BILLING CODE 8011-01-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.