Sunshine Act Meeting., 48617 [E9-23016]

Download as PDF Federal Register / Vol. 74, No. 183 / Wednesday, September 23, 2009 / Notices 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 Investor Advisory Committee will hold an Open Meeting on Monday, October 5, 2009, in the Multipurpose Room, L–006. The meeting will begin at 9 a.m. and will be open to the public, with seating on a first-come, first-served basis. Doors will open at 8:30 a.m. Visitors will be subject to security checks. On September 15, 2009, the Commission issued notice of the Committee meeting (Release No. 33– 9064), indicating that the meeting is open to the public and inviting the public to submit written comments to the Committee. This Sunshine Act notice is being issued because a majority of the Commission may attend the meeting. The agenda for the meeting includes: (i) A presentation by SEC staff of potential Commission initiatives; (ii) description of the composition and purpose of the Committee’s subcommittees; (iii) consideration of a Committee recusal policy; (iv) reports from the Committee’s subcommittees; and (v) discussion of next steps for the Committee, including regarding SEC resources. For further information, please contact the Office of the Secretary at (202) 551–5400. Dated: September 21, 2009. Elizabeth M. Murphy, Secretary. [FR Doc. E9–23016 Filed 9–21–09; 4:15 pm] BILLING CODE P SECURITIES AND EXCHANGE COMMISSION mstockstill on DSKH9S0YB1PROD with NOTICES Agency Meeting Federal Register Citation of Previous Announcement: 74 FR 47300, September 15, 2009. Status: Open Meeting. Place: 100 F. Street, NE., Washington, DC. Date and Time of Previously Announced Meeting: September 17, 2009. Change in the Meeting: Room Change. The Open Meeting scheduled for Thursday, September 17, 2009 at 2:30 p.m. will be held in the Auditorium, Room L–002. At times, changes in Commission priorities require alterations in the VerDate Nov<24>2008 17:06 Sep 22, 2009 Jkt 217001 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: September 17, 2009. Elizabeth M. Murphy, Secretary. [FR Doc. E9–22830 Filed 9–22–09; 8:45 am] 48617 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. BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose [Release No. 34–60673; File No. SR–Phlx– 2009–79] Self-Regulatory Organizations; Notice of Filing and Immediate Effectiveness of Proposed Rule Change by NASDAQ OMX PHLX, Inc. Relating to Position Limit Exemptions September 15, 2009. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’),1 and Rule 19b–4 2 thereunder, notice is hereby given that on September 8, 2009, NASDAQ OMX PHLX, Inc. (‘‘Phlx’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘SEC’’ or ‘‘Commission’’) the proposed rule change as described in Items I and II, 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 amend Phlx Rules 1001 (Position Limits) and 1001A (Positions Limits) to enable Exchange members to rely on position limit exemptions granted by other options exchanges. The text of the proposed rule change is available on the Exchange’s Web site at https:// nasdaqomxphlx.cchwallstreet.com/ NASDAQOMXPHLX/Filings/, at the principal office of the Exchange, 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 Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed 1 15 2 17 PO 00000 U.S.C. 78s(b)(1). CFR 240.19b–4. Frm 00100 Fmt 4703 Sfmt 4703 The purpose of the proposed rule change is to amend Phlx Rules 1001 and 1001A to enable Exchange members to rely on position limit exemptions granted by other options exchanges under specified circumstances. This proposed rule change is based on two rules of The NASDAQ Stock Market LLC (‘‘Nasdaq’’).3 The rule change is being proposed, subsequent to the merger of The NASDAQ OMX Group, Inc. (‘‘NASDAQ OMX’’) and the Philadelphia Stock Exchange, Inc. (now NASDAQ OMX PHLX, Inc.),4 to more closely align the position limit rules of the Exchange and Nasdaq.5 Phlx position limits and procedures associated therewith for equity options, exchange traded fund share (‘‘ETF’’) options, currency options, and stock index warrants are located in Rule 1001. This rule deals with, in addition to numerical position limit values for the noted products, the concept of control for position limit purposes,6 hedge exemptions,7 firm facilitation exemptions,8 and delta-based equity 3 See Rules of the Nasdaq Options Market (‘‘NOM Rules’’) Chapter III, Section 8 and Chapter XIV, Section 8. 4 See Securities Exchange Act Release No. 58179 (July 17, 2008), 73 FR 42874 (July 23, 2008) (SR– Phlx–2008–31). See also Securities Exchange Act Release No. 58183 (July 17, 2008), 73 FR 26182 (May 8, 2008) (SR–NASDAQ–2008–035). 5 The proposal is similar in nature to previous proposals that, among other things, sought to more closely align the rules of the two exchanges Phlx and NOM. See, e.g., Securities Exchange Act Release Nos. 59764 (April 20, 2009), 74 FR 18761 (April 24, 2009) (SR–Phlx–2009–17) (approval order regarding proposal to modify the process for nominating Phlx Governors); 59924 (May 14, 2009), 74 FR 23759 (May 20, 2009) (SR–Phlx–2009–23) (approval order regarding proposal to eliminate various standing committees and making other miscellaneous changes); 60431 (August 4, 2009), 74 FR 40265 (August 11, 2009) (SR–Phlx–2009– 59)(notice of filing relating to by-laws, Regulatory Oversight Committee, and referee program); and 59923 (May 14, 2009), 74 FR 23902 (May 21, 2009) (SR–NASDAQ–2009–046) (notice of filing and immediate effectiveness relating to criteria for securities that underlie options traded on NOM). 6 See Commentary .06 to Rule 1001. 7 See Commentary .07 to Rule 1001. 8 See Commentary .08 to Rule 1001. E:\FR\FM\23SEN1.SGM 23SEN1

Agencies

[Federal Register Volume 74, Number 183 (Wednesday, September 23, 2009)]
[Notices]
[Page 48617]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-23016]



[[Page 48617]]

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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 Investor Advisory Committee will hold an Open 
Meeting on Monday, October 5, 2009, in the Multipurpose Room, L-006. 
The meeting will begin at 9 a.m. and will be open to the public, with 
seating on a first-come, first-served basis. Doors will open at 8:30 
a.m. Visitors will be subject to security checks.
    On September 15, 2009, the Commission issued notice of the 
Committee meeting (Release No. 33-9064), indicating that the meeting is 
open to the public and inviting the public to submit written comments 
to the Committee. This Sunshine Act notice is being issued because a 
majority of the Commission may attend the meeting. The agenda for the 
meeting includes: (i) A presentation by SEC staff of potential 
Commission initiatives; (ii) description of the composition and purpose 
of the Committee's subcommittees; (iii) consideration of a Committee 
recusal policy; (iv) reports from the Committee's subcommittees; and 
(v) discussion of next steps for the Committee, including regarding SEC 
resources.
    For further information, please contact the Office of the Secretary 
at (202) 551-5400.

    Dated: September 21, 2009.
Elizabeth M. Murphy,
Secretary.
[FR Doc. E9-23016 Filed 9-21-09; 4:15 pm]
BILLING CODE P
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