Sunshine Act Meeting, 17241 [E9-8480]
Download as PDF
<![CDATA[
Federal Register / Vol. 74, No. 70 / Tuesday, April 14, 2009 / Notices
Dated: April 9, 2009.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9–8480 Filed 4–13–09; 8:45 am]
SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
28650A; 812–13538]
ING Investments, LLC, et al.; Notice of
Application; Correction
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
BILLING CODE 8010–01–P
1. Purpose
Correction
In the Federal Register of March 24,
2009, in FR Doc. E9–6391, on page
12407 of volume 74, in the second
column, the date should read March 17,
2009.
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–59710; File No. SR–NYSE–
2009–39]
Dated: April 8, 2009.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9–8427 Filed 4–13–09; 8:45 am]
BILLING CODE 8010–01–P
Self-Regulatory Organizations; New
York Stock Exchange LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change Implementing
Revised Liquidity Credits for
Supplemental Liquidity Providers
April 6, 2009.
SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meeting
Notice is hereby given, pursuant to
the provisions of the Government in the
Sunshine Act, Public Law 94–409, that
the Securities and Exchange
Commission will hold a closed meeting
on Thursday, April 16, 2009 at 2 p.m.
Commissioners, Counsel to the
Commissioners, the Secretary to the
Commission, and recording secretaries
will attend the closed meeting. Certain
staff members who have an interest in
the matters also may be present.
The General Counsel of the
Commission, or his designee, has
certified that, in his opinion, one or
more of the exemptions set forth in 5
U.S.C. 552b(c)(3), (5), (7), 9(B) and (10)
and 17 CFR 200.402(a)(3), (5), (7), 9(ii)
and (10), permit consideration of the
scheduled matters at the closed meeting.
Commissioner Walter, as duty officer,
voted to consider the items listed for the
closed meeting in closed session.
The subject matter of the closed
meeting scheduled for Thursday, April
16, 2009 will be:
Consideration of amicus participation;
institution and settlement of injunctive
actions; institution and settlement of
administrative proceedings of an
enforcement nature; an adjudicatory
matter; and other matters relating to
enforcement proceedings.
At times, changes in Commission
priorities require alterations in the
scheduling of meeting items.
For further information and to
ascertain what, if any, matters have been
added, deleted or postponed, please
contact:
The Office of the Secretary at (202)
551–5400.
VerDate Nov<24>2008
16:39 Apr 13, 2009
Jkt 217001
17241
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 31,
2009, the New York Stock Exchange
LLC (‘‘NYSE’’ 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 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 implement
revised liquidity credits for
Supplemental Liquidity Providers
(‘‘SLPs’’). The text of the proposed rule
change is available at the Exchange, the
Commission’s Public Reference Room,
and https://www.nyse.com.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, the
Exchange included statements
concerning the purpose of, and basis for,
the proposed rule change and discussed
any comments it received on the
proposed rule change. The text of these
statements may be examined at the
places specified in Item IV below. The
Exchange has prepared summaries, set
forth in Sections A, B, and C below, of
the most significant aspects of such
statements.
1 15
2 17
PO 00000
U.S.C. 78s(b)(1).
CFR 240.19b–4.
Frm 00099
Fmt 4703
Sfmt 4703
The Exchange proposes to modify the
credits received by supplemental
liquidity providers (‘‘SLPs’’) when
adding liquidity to the Exchange, with
effect from April 1, 2009. Currently,
SLPs receive a credit of $0.0015 per
share when adding liquidity to the
NYSE if the SLP meets the 3% average
or more quoting requirement in an
assigned security pursuant to Rule
107B. With effect from April 1, 2009,
there will be three separate tiers of
credits for SLPs that meet the 3%
average or more quoting requirement in
an assigned security pursuant to Rule
107B:
• SLPs that add liquidity of an
average daily volume (‘‘ADV’’) 3 of 100
million shares or less in the applicable
month will continue to receive a credit
of $0.0015 per share when adding
liquidity to the NYSE.
• SLPs that add liquidity of an ADV
of between 100 million shares and 250
million shares in the applicable month
will receive a credit of $0.0016 per share
when adding liquidity to the NYSE.
• SLPs that add liquidity of an ADV
of more than 250 million shares in the
applicable month will receive a credit of
$0.0017 per share when adding liquidity
to the NYSE.
2. Statutory Basis
The Exchange believes that the
proposed rule change is consistent with
the provisions of Section 6 of the Act,4
in general, and Section 6(b)(4) of the
Act,5 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.
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.
3 Qualification for the different tiers of liquidity
credits will be based on the SLP’s aggregate average
daily trading volume in the applicable month in all
NYSE listed securities. See e-mail from John Carey,
Chief Counsel—U.S. Equities, NYSE Euronext, to
Nathan Saunders, Special Counsel, and Brian
O’Neill, Attorney, Division of Trading and Markets,
Commission, dated April 2, 2009.
4 15 U.S.C. 78f(b).
5 15 U.S.C. 78f(b)(4).
E:\FR\FM\14APN1.SGM
14APN1
]]>Agencies
[Federal Register Volume 74, Number 70 (Tuesday, April 14, 2009)]
[Notices]
[Page 17241]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-8480]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Sunshine Act Meeting
Notice is hereby given, pursuant to the provisions of the
Government in the Sunshine Act, Public Law 94-409, that the Securities
and Exchange Commission will hold a closed meeting on Thursday, April
16, 2009 at 2 p.m.
Commissioners, Counsel to the Commissioners, the Secretary to the
Commission, and recording secretaries will attend the closed meeting.
Certain staff members who have an interest in the matters also may be
present.
The General Counsel of the Commission, or his designee, has
certified that, in his opinion, one or more of the exemptions set forth
in 5 U.S.C. 552b(c)(3), (5), (7), 9(B) and (10) and 17 CFR
200.402(a)(3), (5), (7), 9(ii) and (10), permit consideration of the
scheduled matters at the closed meeting.
Commissioner Walter, as duty officer, voted to consider the items
listed for the closed meeting in closed session.
The subject matter of the closed meeting scheduled for Thursday,
April 16, 2009 will be:
Consideration of amicus participation; institution and settlement
of injunctive actions; institution and settlement of administrative
proceedings of an enforcement nature; an adjudicatory matter; and other
matters relating to enforcement proceedings.
At times, changes in Commission priorities require alterations in
the scheduling of meeting items.
For further information and to ascertain what, if any, matters have
been added, deleted or postponed, please contact:
The Office of the Secretary at (202) 551-5400.
Dated: April 9, 2009.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9-8480 Filed 4-13-09; 8:45 am]
BILLING CODE 8010-01-P
