Joint Industry Plan; Order Approving Amendments To Withdraw From the Intermarket Options Linkage Plan Filed by Chicago Board Options Exchange, Incorporated, International Securities Exchange, LLC, The NASDAQ Stock Market LLC, NASDAQ OMX BX, Inc., NASDAQ OMX PHLX, Inc., NYSE Amex LLC, and NYSE Arca, Inc., 45662-45663 [E9-21214]
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45662
Federal Register / Vol. 74, No. 170 / Thursday, September 3, 2009 / Notices
applicant transferred its assets to RMR
Real Estate Income Fund, based on net
asset value. Each holder of applicant’s
preferred shares received preferred
shares of RMR Real Estate Income Fund
having an aggregate liquidation
preference equal to the aggregate
liquidation preference attributable to
applicant’s preferred shares. Expenses
of $202,707 incurred in connection with
the reorganization were paid by
applicant.
Filing Dates: The application was
filed on June 24, 2009, and amended on
August 10, 2009.
Applicant’s Address: 400 Centre St.,
Newton, MA 02458.
RMR Dividend Capture Fund [File No.
811–22079]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. On June 22, 2009,
applicant transferred its assets to RMR
Real Estate Income Fund, based on net
asset value. Each holder of applicant’s
preferred shares received preferred
shares of RMR Real Estate Income Fund
having an aggregate liquidation
preference equal to the aggregate
liquidation preference attributable to
applicant’s preferred shares. Expenses
of $128,701 incurred in connection with
the reorganization were paid by
applicant.
Filing Dates: The application was
filed on June 23, 2009, and amended on
August 10, 2009.
Applicant’s Address: 400 Centre St.,
Newton, MA 02458.
pwalker on DSK8KYBLC1PROD with NOTICES
Morgan Stanley Total Market Index
Fund [File No. 811–9259]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On July 25, 2008,
applicant made a liquidating
distribution to its shareholders, based
on net asset value. Expenses of $78,565
incurred in connection with the
liquidation were paid by Morgan
Stanley Investment Advisors, Inc.,
applicant’s investment adviser.
Filing Dates: The application was
filed on July 6, 2009, and amended on
August 7, 2009.
Applicant’s Address: c/o Morgan
Stanley Investment Advisors Inc., 522
Fifth Ave., New York, NY 10036.
BNY Hamilton Funds, Inc. [File No.
811–6654]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On September 12,
2008, applicant transferred the assets
from all of its series, except BNY
Hamilton Multi-Cap Equity Fund and
VerDate Nov<24>2008
16:27 Sep 02, 2009
Jkt 217001
BNY Hamilton Municipal Enhanced
Yield Fund (the ‘‘remaining series’’), to
corresponding series of BNY Mellon
Funds Trust, Dreyfus Institutional
Reserves Funds, Dreyfus/Laurel Funds,
Inc., Dreyfus/Laurel Funds Trust,
Dreyfus Premier Investment Funds, Inc.
and Dreyfus Tax Exempt Cash
Management Funds, based on net asset
value. On November 10, 2008,
applicant’s remaining series transferred
their assets to Managers AMG Funds,
based on net asset value. Expenses of
$2,772,500 incurred in connection with
the reorganization were paid by The
Bank of New York Mellon, applicant’s
administrator.
Filing Date: The application was filed
on July 14, 2009.
Applicant’s Address: 3435 Stelzer
Rd., Columbus, OH 43219–3035.
For the Commission, by the Division of
Investment Management, pursuant to
delegated authority.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9–21221 Filed 9–2–09; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–60582; File No. 4–429]
Joint Industry Plan; Order Approving
Amendments To Withdraw From the
Intermarket Options Linkage Plan Filed
by Chicago Board Options Exchange,
Incorporated, International Securities
Exchange, LLC, The NASDAQ Stock
Market LLC, NASDAQ OMX BX, Inc.,
NASDAQ OMX PHLX, Inc., NYSE Amex
LLC, and NYSE Arca, Inc.
August 28, 2009.
I. Introduction
On June 25, 2009, June 25, 2009, July
2, 2009, July 2, 2009, July 7, 2009, July
17, 2009, and July 20, 2009, NYSE Arca,
Inc. (‘‘NYSE Arca’’), NYSE Amex, LLC
(‘‘NYSE Amex’’), International
Securities Exchange, LLC (‘‘ISE’’),
Chicago Board Options Exchange,
Incorporated (‘‘CBOE’’), NASDAQ OMX
BX, Inc. (‘‘BX’’), NASDAQ OMX PHLX,
Inc. (‘‘Phlx’’), and The NASDAQ Stock
Market LLC (‘‘Nasdaq’’) (collectively,
‘‘Participants’’),1 respectively, submitted
1 See letter from Peter G. Armstrong, NYSE Arca,
to Elizabeth Murphy, Secretary, Commission, dated
June 24, 2009; letter from Michael Babel, NYSE
Amex, to Elizabeth Murphy, Secretary,
Commission, dated June 24, 2009; letter from
Michael J. Simon, ISE, to Elizabeth Murphy,
Secretary, Commission, dated July 1, 2009; letter
from Edward J. Joyce, CBOE, to Elizabeth Murphy,
Secretary, Commission, dated July 1, 2009; letter
from Maura A. Looney, Associate Vice President,
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Frm 00057
Fmt 4703
Sfmt 4703
to the Securities and Exchange
Commission (‘‘Commission’’)
amendments to the Plan for the Purpose
of Creating and Operating an
Intermarket Option Linkage (‘‘Linkage
Plan’’) (‘‘Amendments’’).2 The proposed
Amendments were published for
comment in the Federal Register on July
28, 2009.3 The Commission received no
comment letters in response to the
Notice. This order approves the
Amendments.
II. Description of the Proposed
Amendments
The Participants submitted the
Amendments to withdraw from the
Linkage Plan. Pursuant to Section 4(d)
of the Linkage Plan, a Participant may
withdraw from the Linkage Plan by: (i)
Providing not less than 30 days prior
written notice to each of the other
Participants and to the facilities
manager 4 of such intent to withdraw;
and (ii) effecting an amendment to the
Linkage Plan as specified in Section
5(c)(iii) of the Linkage Plan. Section
5(c)(iii) of the Linkage Plan states that
a Participant can withdraw from the
Linkage Plan by filing an amendment
deleting its name in Section 4(a) of the
Linkage Plan and submitting such
amendment to the Commission for
approval. The submitting Participant
must state how it plans to accomplish,
by alternate means, the goals of the
Linkage Plan regarding limiting tradethroughs of prices on other exchanges
trading the same options classes. Such
amendment is effective upon
Commission approval.
As set forth in the Notice, the
Participants plan to accomplish the
Linkage Plan’s goals through
BX, to Elizabeth Murphy, Secretary, Commission,
dated July 6, 2009; letter from Richard S. Rudolph,
Assistant General Counsel, Phlx, to Elizabeth
Murphy, Secretary, Commission, dated July 16,
2009; and letter from Jeffrey S. Davis, Vice
President and Deputy General Counsel, Nasdaq, to
Elizabeth Murphy, Secretary, Commission, dated
July 17, 2009.
2 On July 28, 2000, the Commission approved a
national market system plan for the purpose of
creating and operating an intermarket options
market linkage proposed by the American Stock
Exchange LLC (n/k/a NYSE Amex), CBOE, and ISE.
See Securities Exchange Act Release No. 43086
(July 28, 2000), 65 FR 48023 (August 4, 2000).
Subsequently, Philadelphia Stock Exchange, Inc.
(n/k/a Phlx), Pacific Exchange, Inc. (n/k/a NYSE
Arca), Boston Stock Exchange, Inc. (n/k/a BX), and
Nasdaq joined the Linkage Plan. See Securities
Exchange Act Release Nos. 43573 (November 16,
2000), 65 FR 70851 (November 28, 2000); 43574
(November 16, 2000), 65 FR 70850 (November 28,
2000); 49198 (February 5, 2004), 69 FR 7029
(February 12, 2004); and 57545 (March 21, 2008),
73 FR 16394 (March 27, 2008).
3 See Securities Exchange Act Release No. 60360
(July 21, 2009), 74 FR 37265 (‘‘Notice’’).
4 The facilities manager of the Linkage Plan is the
Options Clearing Corporation.
E:\FR\FM\03SEN1.SGM
03SEN1
Federal Register / Vol. 74, No. 170 / Thursday, September 3, 2009 / Notices
membership in the Options Order
Protection and Locked/Crossed Market
Plan (‘‘New Plan’’), which was approved
by the Commission on July 30, 2009.5
The New Plan requires its participants
to establish, maintain and enforce
written procedures and policies that are
reasonably designed to prevent tradethroughs.6 The Participants state that
the New Plan will accomplish this in a
more efficient manner than the Linkage
Plan. Specifically, the New Plan
eliminates a central hub and addresses
trade-through compliance through the
use of intermarket sweep orders. The
New Plan incorporates certain concepts
of Regulation NMS 7 which, among
other things, addresses trade-throughs
in the equity market. The Participants
further note that the New Plan also
requires its participants to conduct
surveillance of their markets to ascertain
the effectiveness of these policies and
procedures.8 Finally, the New Plan
contains provisions requiring its
participants to establish, maintain and
enforce written rules addressing locked
and crossed markets.9 The Participants
believe that the New Plan will fully
accomplish the same goals of the
Linkage Plan, including imposing limits
on trade-throughs.
pwalker on DSK8KYBLC1PROD with NOTICES
III. Discussion
After careful consideration, the
Commission finds that the proposed
Amendments to the Linkage Plan are
consistent with the requirements of the
Act and the rules and regulations
thereunder.10 Specifically, the
Commission finds that the Amendments
are consistent with Section 11A of the
Act 11 and Rule 608 of Regulation NMS
thereunder 12 in that they are necessary
or appropriate in the public interest, for
the protection of investors and the
maintenance of fair and orderly markets,
to remove impediments to, and perfect
the mechanisms of, a national market
system.
The Commission believes that the
New Plan accomplishes, by alternate
means, the goals of the Linkage Plan,
including the goal of limiting tradethroughs of prices on other exchanges
trading the same options classes. The
5 See Securities Exchange Act Release No. 60405
(July 30, 2009), 74 FR 39362 (August 6, 2009).
6 Section 5(a)(i) of the New Plan.
7 See Securities Exchange Act Release No. 51808
(June 9, 2005), 70 FR 37496 (June 29, 2005) (File
No. S7–10–04); 17 CFR 242.600 et seq.
8 Section 5(a)(ii) of the New Plan.
9 Section 6 of the New Plan.
10 In approving the proposed Amendments, the
Commission has considered the Amendments’
impact on efficiency, competition, and capital
formation. 15 U.S.C. 78c(f).
11 15 U.S.C. 78k–1.
12 17 CFR 242.608.
VerDate Nov<24>2008
16:27 Sep 02, 2009
Jkt 217001
Commission notes that it has approved
the rule filings implementing the New
Plan submitted by each of the
Participants (‘‘Exchange Linkage Rules’’)
and has found such rules consistent
with the requirements of the Act and the
New Plan.13
The Commission notes that the
withdrawal of each Participant will be
effective with this approval of the
Amendments. In addition, the
Commission notes that each of the
Exchange Linkage Rules will become
effective upon this approval of the
Amendments.
IV. Conclusion
It is therefore ordered, pursuant to
Section 11A of the Act 14 and Rule 608
thereunder,15 that the proposed
Amendments to the Linkage Plan are
approved.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.16
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9–21214 Filed 9–2–09; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–60584; File No. SR–ISE–
2009–35]
Self-Regulatory Organizations;
International Securities Exchange,
LLC; Order Granting Approval of
Proposed Rule Change Relating to
Qualified Contingent Cross Orders
August 28, 2009.
I. Introduction
On June 15, 2009, the International
Securities Exchange, LLC (‘‘Exchange’’
or ‘‘ISE’’) 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 provide for
Qualified Contingent Cross Orders. The
proposed rule change was published for
comment in the Federal Register on
13 See Securities Exchange Act Release Nos.
60525 (August 18, 2009) (SR–NASDAQ–2009–056);
60526 (August 18, 2009) (SR–NYSEAmex–2009–
19); 60527 (August 18, 2009) (SR–NYSEArca–2009–
45); 60530 (August 18, 2009) (SR–BX–2009–028);
60550 (August 20, 2009) (SR–Phlx–2009–61); 60551
(August 20, 2009) (SR–CBOE–2009–040); and 60559
(August 21, 2009) (SR–ISE–2009–27).
14 15 U.S.C. 78k–1.
15 17 CFR 242.608.
16 17 CFR 200.30–3(a)(29).
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
PO 00000
Frm 00058
Fmt 4703
Sfmt 4703
45663
June 26, 2009.3 The Commission
received two comment letters in
response to the proposed rule change 4
and a comment response letter from the
Exchange.5 This order grants approval
of the proposed rule change.
II. Description of the Proposal
The Exchange is currently a
participant in the Plan for the Purpose
of Creating and Operating an
Intermarket Option Linkage (‘‘Current
Plan’’).6 Subject to certain conditions,
the Current Plan provides for a limited
trade-through 7 exemption for ‘‘block
trades’’ which are trades that, among
other things, consist of 500 or more
contracts with a premium value of at
least $150,000.8 The Commission
recently approved the Order Protection
and Locked/Crossed Market Plan (‘‘New
Plan’’),9 which will replace the Current
Plan. Unlike the Current Plan, however,
the New Plan does not provide an
exemption for block trades. The
Exchange believes that the loss of the
block trade exemption will adversely
affect the ability of its members to effect
large trades that are tied to stock, and is
proposing a new order type, the
Qualified Contingent Cross Order,10
which the Exchange proposes to
implement contemporaneously with its
New Linkage Rules.
The proposed Qualified Contingent
Cross Order would permit an ISE
member to cross the options leg of a
Qualified Contingent Trade (‘‘QCT’’) 11
3 See Securities Exchange Act Release No. 60147
(June 19, 2009), 74 FR 30651 (‘‘Notice’’).
4 See letter from Angelo Evangelou, Assistant
General Counsel, Chicago Board Options Exchange
(‘‘CBOE’’), to Elizabeth M. Murphy, Secretary,
Commission, dated July 16, 2009 (‘‘CBOE Letter’’)
and letter from Gerald D. O’Connell, Chief
Compliance Officer, Susquehanna International
Group, LLP (‘‘SIG’’), to Elizabeth M. Murphy,
Secretary, Commission, dated August 10, 2009
(‘‘SIG Letter’’).
5 See letter from Michael J. Simon, Secretary and
General Counsel, ISE, to Elizabeth M. Murphy,
Secretary, Commission, dated August 20, 2009
(‘‘ISE Letter’’).
6 See Securities Exchange Act Release No. 43086
(July 28, 2000), 65 FR 48023 (August 4, 2000) (File
No. 4–429).
7 A trade-through is a transaction in a given
options series at a price that is inferior to the best
price available in the market (‘‘Trade-Through’’).
See Section 2(21) of the New Plan and Section 2(29)
of the Current Plan.
8 Current Plan Section 2(3) and 8(c)(i)(C).
9 See Securities Exchange Act Release No. 60405
(July 30, 2009), 74 FR 39362 (August 6, 2009) (File
No. 4–546). The Exchange has also proposed
revisions to its rules to implement the New Plan
(‘‘New Linkage Rules’’). See Securities Exchange
Act Release No. 60559 (August 21, 2009), 74 FR
44425 (August 28, 2009) (SR–ISE–2009–27).
10 Proposed ISE Rule 715(j), proposed
Supplementary Material .01 to ISE Rule 715, and
proposed ISE Rule 721(b).
11 A Qualified Contingent Trade is a transaction
consisting of two or more component orders,
E:\FR\FM\03SEN1.SGM
Continued
03SEN1
]]>Agencies
[Federal Register Volume 74, Number 170 (Thursday, September 3, 2009)]
[Notices]
[Pages 45662-45663]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-21214]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-60582; File No. 4-429]
Joint Industry Plan; Order Approving Amendments To Withdraw From
the Intermarket Options Linkage Plan Filed by Chicago Board Options
Exchange, Incorporated, International Securities Exchange, LLC, The
NASDAQ Stock Market LLC, NASDAQ OMX BX, Inc., NASDAQ OMX PHLX, Inc.,
NYSE Amex LLC, and NYSE Arca, Inc.
August 28, 2009.
I. Introduction
On June 25, 2009, June 25, 2009, July 2, 2009, July 2, 2009, July
7, 2009, July 17, 2009, and July 20, 2009, NYSE Arca, Inc. (``NYSE
Arca''), NYSE Amex, LLC (``NYSE Amex''), International Securities
Exchange, LLC (``ISE''), Chicago Board Options Exchange, Incorporated
(``CBOE''), NASDAQ OMX BX, Inc. (``BX''), NASDAQ OMX PHLX, Inc.
(``Phlx''), and The NASDAQ Stock Market LLC (``Nasdaq'') (collectively,
``Participants''),\1\ respectively, submitted to the Securities and
Exchange Commission (``Commission'') amendments to the Plan for the
Purpose of Creating and Operating an Intermarket Option Linkage
(``Linkage Plan'') (``Amendments'').\2\ The proposed Amendments were
published for comment in the Federal Register on July 28, 2009.\3\ The
Commission received no comment letters in response to the Notice. This
order approves the Amendments.
---------------------------------------------------------------------------
\1\ See letter from Peter G. Armstrong, NYSE Arca, to Elizabeth
Murphy, Secretary, Commission, dated June 24, 2009; letter from
Michael Babel, NYSE Amex, to Elizabeth Murphy, Secretary,
Commission, dated June 24, 2009; letter from Michael J. Simon, ISE,
to Elizabeth Murphy, Secretary, Commission, dated July 1, 2009;
letter from Edward J. Joyce, CBOE, to Elizabeth Murphy, Secretary,
Commission, dated July 1, 2009; letter from Maura A. Looney,
Associate Vice President, BX, to Elizabeth Murphy, Secretary,
Commission, dated July 6, 2009; letter from Richard S. Rudolph,
Assistant General Counsel, Phlx, to Elizabeth Murphy, Secretary,
Commission, dated July 16, 2009; and letter from Jeffrey S. Davis,
Vice President and Deputy General Counsel, Nasdaq, to Elizabeth
Murphy, Secretary, Commission, dated July 17, 2009.
\2\ On July 28, 2000, the Commission approved a national market
system plan for the purpose of creating and operating an intermarket
options market linkage proposed by the American Stock Exchange LLC
(n/k/a NYSE Amex), CBOE, and ISE. See Securities Exchange Act
Release No. 43086 (July 28, 2000), 65 FR 48023 (August 4, 2000).
Subsequently, Philadelphia Stock Exchange, Inc. (n/k/a Phlx),
Pacific Exchange, Inc. (n/k/a NYSE Arca), Boston Stock Exchange,
Inc. (n/k/a BX), and Nasdaq joined the Linkage Plan. See Securities
Exchange Act Release Nos. 43573 (November 16, 2000), 65 FR 70851
(November 28, 2000); 43574 (November 16, 2000), 65 FR 70850
(November 28, 2000); 49198 (February 5, 2004), 69 FR 7029 (February
12, 2004); and 57545 (March 21, 2008), 73 FR 16394 (March 27, 2008).
\3\ See Securities Exchange Act Release No. 60360 (July 21,
2009), 74 FR 37265 (``Notice'').
---------------------------------------------------------------------------
II. Description of the Proposed Amendments
The Participants submitted the Amendments to withdraw from the
Linkage Plan. Pursuant to Section 4(d) of the Linkage Plan, a
Participant may withdraw from the Linkage Plan by: (i) Providing not
less than 30 days prior written notice to each of the other
Participants and to the facilities manager \4\ of such intent to
withdraw; and (ii) effecting an amendment to the Linkage Plan as
specified in Section 5(c)(iii) of the Linkage Plan. Section 5(c)(iii)
of the Linkage Plan states that a Participant can withdraw from the
Linkage Plan by filing an amendment deleting its name in Section 4(a)
of the Linkage Plan and submitting such amendment to the Commission for
approval. The submitting Participant must state how it plans to
accomplish, by alternate means, the goals of the Linkage Plan regarding
limiting trade-throughs of prices on other exchanges trading the same
options classes. Such amendment is effective upon Commission approval.
---------------------------------------------------------------------------
\4\ The facilities manager of the Linkage Plan is the Options
Clearing Corporation.
---------------------------------------------------------------------------
As set forth in the Notice, the Participants plan to accomplish the
Linkage Plan's goals through
[[Page 45663]]
membership in the Options Order Protection and Locked/Crossed Market
Plan (``New Plan''), which was approved by the Commission on July 30,
2009.\5\ The New Plan requires its participants to establish, maintain
and enforce written procedures and policies that are reasonably
designed to prevent trade-throughs.\6\ The Participants state that the
New Plan will accomplish this in a more efficient manner than the
Linkage Plan. Specifically, the New Plan eliminates a central hub and
addresses trade-through compliance through the use of intermarket sweep
orders. The New Plan incorporates certain concepts of Regulation NMS
\7\ which, among other things, addresses trade-throughs in the equity
market. The Participants further note that the New Plan also requires
its participants to conduct surveillance of their markets to ascertain
the effectiveness of these policies and procedures.\8\ Finally, the New
Plan contains provisions requiring its participants to establish,
maintain and enforce written rules addressing locked and crossed
markets.\9\ The Participants believe that the New Plan will fully
accomplish the same goals of the Linkage Plan, including imposing
limits on trade-throughs.
---------------------------------------------------------------------------
\5\ See Securities Exchange Act Release No. 60405 (July 30,
2009), 74 FR 39362 (August 6, 2009).
\6\ Section 5(a)(i) of the New Plan.
\7\ See Securities Exchange Act Release No. 51808 (June 9,
2005), 70 FR 37496 (June 29, 2005) (File No. S7-10-04); 17 CFR
242.600 et seq.
\8\ Section 5(a)(ii) of the New Plan.
\9\ Section 6 of the New Plan.
---------------------------------------------------------------------------
III. Discussion
After careful consideration, the Commission finds that the proposed
Amendments to the Linkage Plan are consistent with the requirements of
the Act and the rules and regulations thereunder.\10\ Specifically, the
Commission finds that the Amendments are consistent with Section 11A of
the Act \11\ and Rule 608 of Regulation NMS thereunder \12\ in that
they are necessary or appropriate in the public interest, for the
protection of investors and the maintenance of fair and orderly
markets, to remove impediments to, and perfect the mechanisms of, a
national market system.
---------------------------------------------------------------------------
\10\ In approving the proposed Amendments, the Commission has
considered the Amendments' impact on efficiency, competition, and
capital formation. 15 U.S.C. 78c(f).
\11\ 15 U.S.C. 78k-1.
\12\ 17 CFR 242.608.
---------------------------------------------------------------------------
The Commission believes that the New Plan accomplishes, by
alternate means, the goals of the Linkage Plan, including the goal of
limiting trade-throughs of prices on other exchanges trading the same
options classes. The Commission notes that it has approved the rule
filings implementing the New Plan submitted by each of the Participants
(``Exchange Linkage Rules'') and has found such rules consistent with
the requirements of the Act and the New Plan.\13\
---------------------------------------------------------------------------
\13\ See Securities Exchange Act Release Nos. 60525 (August 18,
2009) (SR-NASDAQ-2009-056); 60526 (August 18, 2009) (SR-NYSEAmex-
2009-19); 60527 (August 18, 2009) (SR-NYSEArca-2009-45); 60530
(August 18, 2009) (SR-BX-2009-028); 60550 (August 20, 2009) (SR-
Phlx-2009-61); 60551 (August 20, 2009) (SR-CBOE-2009-040); and 60559
(August 21, 2009) (SR-ISE-2009-27).
---------------------------------------------------------------------------
The Commission notes that the withdrawal of each Participant will
be effective with this approval of the Amendments. In addition, the
Commission notes that each of the Exchange Linkage Rules will become
effective upon this approval of the Amendments.
IV. Conclusion
It is therefore ordered, pursuant to Section 11A of the Act \14\
and Rule 608 thereunder,\15\ that the proposed Amendments to the
Linkage Plan are approved.
---------------------------------------------------------------------------
\14\ 15 U.S.C. 78k-1.
\15\ 17 CFR 242.608.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\16\
---------------------------------------------------------------------------
\16\ 17 CFR 200.30-3(a)(29).
---------------------------------------------------------------------------
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9-21214 Filed 9-2-09; 8:45 am]
BILLING CODE 8010-01-P
