Sunshine Act Meeting, 47629 [E9-22431]

Download as PDF Federal Register / Vol. 74, No. 178 / Wednesday, September 16, 2009 / Notices By the Commission. Elizabeth M. Murphy, Secretary. [FR Doc. E9–22264 Filed 9–15–09; 8:45 am] BILLING CODE 8010–01–P 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 hold a roundtable about securities lending and short sale issues on September 29 and September 30, 2009. The roundtable discussion will be held in the auditorium at SEC headquarters at 100 F Street, NE., in Washington, DC. On September 29, the roundtable will focus on securities lending issues and take place from 9:30 a.m. to approximately 4 p.m. On September 30, the roundtable will focus on short sale pre-borrowing and additional short sale disclosures and take place from 9:30 a.m. to approximately 12:30 p.m. The roundtable will be open to the public with seating on a first-come, firstserved basis. Visitors will be subject to security checks. For further information, please contact: The Office of the Secretary at (202) 551–5400. Dated: September 14, 2009. Elizabeth M. Murphy, Secretary. [FR Doc. E9–22431 Filed 9–14–09; 4:15 pm] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–60639; File No. SR–CTA– 2008–01] srobinson on DSKHWCL6B1PROD with NOTICES Consolidated Tape Association; Order Approving the Eleventh Charges Amendment to the Second Restatement of the Consolidated Tape Association Plan To Waive the Automatic Annual Increase in the Enterprise Cap for 2008 September 9, 2009. I. Introduction On June 7, 2009, the Consolidated Tape Association (‘‘CTA’’) Plan Participants (‘‘Participants’’) 1 filed with 1 Each Participant executed the proposed amendment. The Participants are the American VerDate Nov<24>2008 17:40 Sep 15, 2009 Jkt 217001 the Securities and Exchange Commission (‘‘SEC’’ or ‘‘Commission’’) pursuant to Section 11A of the Securities Exchange Act of 1934 (‘‘Act’’),2 and Rule 608 thereunder,3 a proposal to amend the Second Restatement of the CTA Plan (the ‘‘Plan’’) 4 to waive the automatic annual increase in the enterprise cap for 2008. The proposed Plan amendment was published for comment in the Federal Register on June 29, 2009.5 No comment letters were received in response to the Notice. This order approves the proposed Plan amendment. II. Description of the Proposal The Plan currently caps the maximum monthly charge that a broker-dealer is required to pay in respect of the aggregate amount of: (1) Network A display-device charges for devices that the broker-dealer’s officers, partners and employees use; plus (2) Network A display-device and per-quote-packet charges that the broker-dealer pays in respect of services that it provides to nonprofessional subscribers that are brokerage account customers of the broker-dealer (‘‘Enterprise Cap’’).6 Footnote 5 to Schedule A–1 of Exhibit E to the CTA Plan subjects the Enterprise Cap to an automatic annual increase. The automatic annual increase is equal to ‘‘the percentage increase in the annual composite share volume for the preceding calendar year, subject to a maximum annual increase of five percent.’’ Through this amendment, the Participants proposed to amend the CTA Plan to waive the automatic annual increase in the Enterprise Cap for 2008. As a result, the monthly fee will remain at $660,000 for 2008, the same amount as for 2007. The waiver applies to the Enterprise Cap only, and not to the ‘‘Television Ticker Maximum,’’ also set forth in Footnote 6 to Schedule A–1 of Exhibit E to the CTA Plan. The Stock Exchange LLC (n/k/a NYSE Alternext US LLC); Boston Stock Exchange, Inc. (n/k/a NASDAQ OMX BX, Inc.); Chicago Board Options Exchange, Incorporated; Chicago Stock Exchange, Inc.; Financial Industry Regulatory Authority, Inc., International Securities Exchange, LLC; The NASDAQ Stock Market LLC (‘‘Nasdaq’’); National Stock Exchange, Inc.; New York Stock Exchange LLC (‘‘NYSE’’); NYSE Arca, Inc.; and Philadelphia Stock Exchange, Inc. (n/k/a NASDAQ OMX PHLX, Inc.). 2 15 U.S.C. 78k-1. 3 17 CFR 242.608. 4 The proposal was originally submitted on June 19, 2008, however the exhibits did not reflect the plan language accurately. It was refiled on June 7, 2009 with appropriate exhibits. 5 See Securities Exchange Act Release No. 60154 (June 19, 2009), 74 FR 31076 (‘‘Notice’’). 6 Enterprise Cap found in Schedule A–1 of Exhibit E to the CTA Plan. PO 00000 Frm 00080 Fmt 4703 Sfmt 4703 47629 amendment also proposed to update Footnote 6 by applying the automatic annual increase to the ‘‘Television Ticker Maximum,’’ by bringing that monthly fee to $157,000 for 2008. III. Discussion After careful review, the Commission finds that the proposed CTA Plan amendment is consistent with the Act and the rules and regulations thereunder.7 Specifically, the Commission finds that the amendment is consistent with Rule 608(b)(2) 8 of the Act in that it is necessary for the protection of investors, the maintenance of fair and orderly markets, and to remove impediments to a national market system. The proposed amendment would reduce the amount of fees paid by some entities which should result in a reduction of costs for investors. Thus, the proposed amendment is consistent with, and would further, one of the principal objectives for the national market system set forth in Section 11A(a)(1)(C)(iii) 9 of the Act—increasing the availability of market information to broker-dealers and investors. IV. Conclusion It is therefore ordered, pursuant to Section 11A of the Act,10 and the rules thereunder, that the proposed amendment to the CTA Plan (SR–CTA– 2008–01) is approved. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.11 Florence E. Harmon, Deputy Secretary. [FR Doc. E9–22244 Filed 9–15–09; 8:45 am] BILLING CODE 8010–01–P 7 In approving this amendment, the Commission has considered the proposed amendment’s impact on efficiency, competition, and capital formation. 15 U.S.C. 78c(f). 8 17 CFR 242.608 (b)(2). 9 15 U.S.C. 78k–1(a)(1)(C)(iii). 10 15 U.S.C. 78k–1. 11 17 CFR 200.30–3(a)(27). E:\FR\FM\16SEN1.SGM 16SEN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 74, Number 178 (Wednesday, September 16, 2009)]
[Notices]
[Page 47629]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-22431]


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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 hold a roundtable about securities 
lending and short sale issues on September 29 and September 30, 2009.
    The roundtable discussion will be held in the auditorium at SEC 
headquarters at 100 F Street, NE., in Washington, DC. On September 29, 
the roundtable will focus on securities lending issues and take place 
from 9:30 a.m. to approximately 4 p.m. On September 30, the roundtable 
will focus on short sale pre-borrowing and additional short sale 
disclosures and take place from 9:30 a.m. to approximately 12:30 p.m.
    The roundtable will be open to the public with seating on a first-
come, first-served basis. Visitors will be subject to security checks.
    For further information, please contact:
    The Office of the Secretary at (202) 551-5400.

    Dated: September 14, 2009.
Elizabeth M. Murphy,
Secretary.
[FR Doc. E9-22431 Filed 9-14-09; 4:15 pm]
BILLING CODE 8010-01-P

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