Self-Regulatory Organizations; Notice of Filing and Immediate Effectiveness of Proposed Rule Change by New York Stock Exchange LLC To Modify Certain Equity Transaction Fees and Rebates, 22798-22799 [E9-11165]
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Federal Register / Vol. 74, No. 92 / Thursday, May 14, 2009 / Notices
All submissions should refer to File
Number SR–NYSE–2009–46. 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–NYSE–
2009–46 and should be submitted on or
before June 4, 2009.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.12
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9–11166 Filed 5–13–09; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–59863; File No. SR–NYSE–
2009–47]
Self-Regulatory Organizations; Notice
of Filing and Immediate Effectiveness
of Proposed Rule Change by New York
Stock Exchange LLC To Modify Certain
Equity Transaction Fees and Rebates
pwalker on PROD1PC71 with NOTICES
May 5, 2009.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934 (the
‘‘Act’’),2 and Rule 19b–4 thereunder,3
notice is hereby given that on April 30,
2009, New York Stock Exchange LLC
(the ‘‘NYSE’’ or the ‘‘Exchange’’) filed
12 17
CFR 200.30–3(a)(12).
1 15 U.S.C. 78s(b)(1).
2 15 U.S.C. 78a et seq.
3 17 CFR 240.19b–4.
VerDate Nov<24>2008
17:37 May 13, 2009
Jkt 217001
with the Securities and Exchange
Commission (the ‘‘Commission’’) the
proposed rule changes 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 make a
number of changes to its schedule of
equity transaction fees and rebates, with
effect from May 1, 2009. The text of the
proposed rule change is available on the
Exchange’s Web site (https://
www.nyse.com), at the Exchange’s
Office of the Secretary, 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 these statements may be examined at
the places specified in Item IV below.
The NYSE 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 proposes to make a
number of changes to its schedule of
equity transaction fees, with effect from
May 1, 2009.
The following are the proposed
changes:
• Currently, the Exchange caps
trading fees per transaction at $120.
This cap is being eliminated and there
will no longer be any limit on the
trading fees that may be incurred in
connection with a transaction. The $120
trading fee cap per transaction will be
retained for market at-the-close and
limit at-the-close orders.
• The price list does not currently
indicate what fee is charged when
orders are executed at the close (except
for market at-the-close and limit at-theclose orders). The Exchange’s practice
has been to not charge a fee when this
happens and now proposes to formalize
this approach by clearly stating it in the
price list.
PO 00000
Frm 00073
Fmt 4703
Sfmt 4703
• Designated Market Makers whose
orders are executed at the close receive
a credit of $0.0005 per share. The
Exchange now proposes to provide (i) a
credit of $0.0012 per share to floor
brokers whose orders are executed at the
close and (ii) a credit of $0.0005 per
share to Supplemental Liquidity
Providers whose orders are executed at
the close.
• Agency cross trades (i.e., a trade
where a Member Organization has
customer orders to buy and sell an
equivalent amount of the same security)
of 10,000 shares or more are currently
free of charge. The Exchange proposes
to extend this approach to agency cross
trades of fewer than 10,000 shares, so
that all agency cross trades will be free
of charge regardless of size.
The subheading ‘‘Transactions in
stocks with a per share stock price of
$1.00 or less’’ is modified to clarify that
the fees under that subheading actually
apply only to transactions in stocks with
a price of less than $1.00. As amended,
it reads ‘‘Transactions in stocks with a
per share stock price less than $1.00.’’
2. Statutory Basis
The Exchange believes that the
proposed rule change is consistent with
the objectives of Section 6 4 of the Act
in general and furthers the objectives of
Section 6(b)(4) 5 in particular, in that it
is designed provide for the equitable
allocation of reasonable dues, fees and
other charges among its members and
other persons using its facilities. The
Exchange believes that the proposal
does not constitute an inequitable
allocation of dues, fees and other
charges as all member organizations will
be subject to the same fee structure.
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 purpose of the Act.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
Written comments were neither
solicited nor received.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The foregoing rule change is effective
upon filing pursuant to Section
4 15
5 15
U.S.C. 78f.
U.S.C. 78f(b)(4).
E:\FR\FM\14MYN1.SGM
14MYN1
Federal Register / Vol. 74, No. 92 / Thursday, May 14, 2009 / Notices
19(b)(3)(A) 6 of the Act and Rule 19b–
4(f)(2) 7 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.
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:
pwalker on PROD1PC71 with NOTICES
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–NYSE–2009–47 on the
subject line.
identifying information from
submissions. You should submit only
information that you wish to make
available publicly. All submissions
should refer to File Number SR–NYSE–
2009–47 and should be submitted on or
before June 4, 2009.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.8
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9–11165 Filed 5–13–09; 8:45 am]
7 17
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(2).
VerDate Nov<24>2008
17:37 May 13, 2009
Dated: May 8, 2009.
C. Miller Crouch,
Acting Assistant Secretary for Educational,
and Cultural Affairs, Department of State.
[FR Doc. E9–11300 Filed 5–13–09; 8:45 am]
BILLING CODE 4710–05–P
DEPARTMENT OF STATE
[Public Notice 6615]
Industry Advisory Panel: Notice of
Open Meeting
DEPARTMENT OF STATE
[PUBLIC NOTICE 6614]
Culturally Significant Objects Imported
for Exhibition Determinations:
‘‘Scripture for the Eyes: Bible
Illustration in Netherlandish Prints of
the Sixteenth Century’’
8 17
Jkt 217001
address is U.S. Department of State, SA–
44, 301 4th Street, SW., Room 700,
Washington, DC 20547–0001.
BILLING CODE 8010–01–P
SUMMARY: Notice is hereby given of the
following determinations: Pursuant to
the authority vested in me by the Act of
October 19, 1965 (79 Stat. 985; 22 U.S.C.
Paper Comments
2459), Executive Order 12047 of March
27, 1978, the Foreign Affairs Reform and
• Send paper comments in triplicate
Restructuring Act of 1998 (112 Stat.
to Elizabeth M. Murphy, Secretary,
2681, et seq.; 22 U.S.C. 6501 note, et
Securities and Exchange Commission,
seq.), Delegation of Authority No. 234 of
100 F Street, NE., Washington, DC
October 1, 1999, Delegation of Authority
20549–1090.
No. 236 of October 19, 1999, as
All submissions should refer to File
amended, and Delegation of Authority
Number SR–NYSE–2009–47. This file
No. 257 of April 15, 2003 [68 FR 19875],
number should be included on the
subject line if e-mail is used. To help the I hereby determine that the objects in
the exhibition: ‘‘Scripture for the Eyes:
Commission process and review your
Bible Illustration in Netherlandish
comments more efficiently, please use
only one method. The Commission will Prints of the Sixteenth Century,’’
post all comments on the Commission’s imported from abroad for temporary
exhibition within the United States, are
Internet Web site (https://www.sec.gov/
of cultural significance. The objects are
rules/sro.shtml). Copies of the
imported pursuant to loan agreements
submission, all subsequent
with the foreign owners or custodians.
amendments, all written statements
I also determine that the exhibition or
with respect to the proposed rule
display of the exhibit objects at the
change that are filed with the
Museum of Biblical Art, New York, NY,
Commission, and all written
from on or about June 4, 2009, until on
communications relating to the
or about September 27, 2009; Michael C.
proposed rule change between the
Commission and any person, other than Carlos Museum, Atlanta, GA, from on or
about October 17, 2009, until on or
those that may be withheld from the
about January 24, 2010, and at possible
public in accordance with the
additional exhibitions or venues yet to
provisions of 5 U.S.C. 552, will be
be determined, is in the national
available for inspection and copying in
interest. Public Notice of these
the Commission’s Public Reference
Room on official business days between Determinations is ordered to be
published in the Federal Register.
the hours of 10 a.m. and 3 p.m. Copies
FOR FURTHER INFORMATION CONTACT: For
of such filing also will be available for
further information, including a list of
inspection and copying at the principal
the exhibit objects, contact Julie
office of the Exchange. All comments
received will be posted without change; Simpson, Attorney-Adviser, Office of
the Legal Adviser, U.S. Department of
the Commission does not edit personal
State (telephone: 202–453–8050). The
6 15
22799
PO 00000
The Industry Advisory Panel of
Overseas Buildings Operations will
meet on Tuesday, June 2, 2009 from
9:30 a.m. until 3:30 p.m. Eastern
Standard Time. The meeting will be
held in room 1107 of the U.S.
Department of State, located at 2201 C
Street, NW., (entrance on 23rd Street)
Washington, DC. For logistical and
security reasons, it is imperative that
everyone enter and exit using only the
23rd Street entrance. The majority of the
meeting is devoted to an exchange of
ideas between the Department’s Bureau
of Overseas Buildings Operations’
senior management and the panel
members, on design, operations, and
building maintenance. Members of the
public are asked to kindly refrain from
joining the discussion until Director
Shinnick opens the discussion to them.
Entry to the building is controlled; to
obtain pre-clearance for entry, members
of the public planning to attend should
provide, by May 22, 2009, their name,
professional affiliation, date of birth,
citizenship, and a valid governmentissued ID number (i.e., U.S. government
ID, U.S. military ID, passport, or drivers
license with state) by e-mailing:
iapr@state.gov. Because of space
restrictions, we request that companies
interested in attending send only one
representative.
If you have any questions, please
contact Andrea Walk at
walkam@state.gov or on (703) 516–1544.
Dated: May 1, 2009.
Richard J. Shinnick,
Director, ad interim, Overseas Building
Operations, Department of State.
[FR Doc. E9–11302 Filed 5–13–09; 8:45 am]
BILLING CODE 4710–24–P
CFR 200.30–3(a)(12).
Frm 00074
Fmt 4703
Sfmt 4703
E:\FR\FM\14MYN1.SGM
14MYN1
]]>Agencies
[Federal Register Volume 74, Number 92 (Thursday, May 14, 2009)]
[Notices]
[Pages 22798-22799]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-11165]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-59863; File No. SR-NYSE-2009-47]
Self-Regulatory Organizations; Notice of Filing and Immediate
Effectiveness of Proposed Rule Change by New York Stock Exchange LLC To
Modify Certain Equity Transaction Fees and Rebates
May 5, 2009.
Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of
1934 (the ``Act''),\2\ and Rule 19b-4 thereunder,\3\ notice is hereby
given that on April 30, 2009, New York Stock Exchange LLC (the ``NYSE''
or the ``Exchange'') filed with the Securities and Exchange Commission
(the ``Commission'') the proposed rule changes 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.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 15 U.S.C. 78a et seq.
\3\ 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 make a number of changes to its schedule
of equity transaction fees and rebates, with effect from May 1, 2009.
The text of the proposed rule change is available on the Exchange's Web
site (https://www.nyse.com), at the Exchange's Office of the Secretary,
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 these statements may be examined at
the places specified in Item IV below. The NYSE 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 proposes to make a number of changes to its schedule
of equity transaction fees, with effect from May 1, 2009.
The following are the proposed changes:
Currently, the Exchange caps trading fees per transaction
at $120. This cap is being eliminated and there will no longer be any
limit on the trading fees that may be incurred in connection with a
transaction. The $120 trading fee cap per transaction will be retained
for market at-the-close and limit at-the-close orders.
The price list does not currently indicate what fee is
charged when orders are executed at the close (except for market at-
the-close and limit at-the-close orders). The Exchange's practice has
been to not charge a fee when this happens and now proposes to
formalize this approach by clearly stating it in the price list.
Designated Market Makers whose orders are executed at the
close receive a credit of $0.0005 per share. The Exchange now proposes
to provide (i) a credit of $0.0012 per share to floor brokers whose
orders are executed at the close and (ii) a credit of $0.0005 per share
to Supplemental Liquidity Providers whose orders are executed at the
close.
Agency cross trades (i.e., a trade where a Member
Organization has customer orders to buy and sell an equivalent amount
of the same security) of 10,000 shares or more are currently free of
charge. The Exchange proposes to extend this approach to agency cross
trades of fewer than 10,000 shares, so that all agency cross trades
will be free of charge regardless of size.
The subheading ``Transactions in stocks with a per share stock
price of $1.00 or less'' is modified to clarify that the fees under
that subheading actually apply only to transactions in stocks with a
price of less than $1.00. As amended, it reads ``Transactions in stocks
with a per share stock price less than $1.00.''
2. Statutory Basis
The Exchange believes that the proposed rule change is consistent
with the objectives of Section 6 \4\ of the Act in general and furthers
the objectives of Section 6(b)(4) \5\ in particular, in that it is
designed provide for the equitable allocation of reasonable dues, fees
and other charges among its members and other persons using its
facilities. The Exchange believes that the proposal does not constitute
an inequitable allocation of dues, fees and other charges as all member
organizations will be subject to the same fee structure.
---------------------------------------------------------------------------
\4\ 15 U.S.C. 78f.
\5\ 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 purpose of the Act.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
Written comments were neither solicited nor received.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
The foregoing rule change is effective upon filing pursuant to
Section
[[Page 22799]]
19(b)(3)(A) \6\ of the Act and Rule 19b-4(f)(2) \7\ thereunder.
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78s(b)(3)(A).
\7\ 17 CFR 240.19b-4(f)(2).
---------------------------------------------------------------------------
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.
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-NYSE-2009-47 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-NYSE-2009-47. 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-
NYSE-2009-47 and should be submitted on or before June 4, 2009.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\8\
---------------------------------------------------------------------------
\8\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9-11165 Filed 5-13-09; 8:45 am]
BILLING CODE 8010-01-P
