Self-Regulatory Organizations; The Fixed Income Clearing Corporation; Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Modify the Fee Schedule of the Government Securities Division of the Fixed Income Clearing Corporation, 4430-4431 [2010-1603]
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4430
Federal Register / Vol. 75, No. 17 / Wednesday, January 27, 2010 / Notices
Further procedures. By statute, the
Commission is required to issue its
decision within 120 days from the date
this appeal was filed [39 U.S.C.
404(d)(5)]. A procedural schedule has
been developed to accommodate this
statutory deadline. In the interest of
expedition, in light of the 120–day
decision schedule, the Commission may
request the Postal Service or other
participants to submit information or
memoranda of law on any appropriate
issue. As required by the Commission
rules, if any motions are filed, responses
are due 7 days after any such motion is
filed. 39 CFR 3001.21.
It is ordered:
1. The Postal Service shall file the
administrative record in this appeal, or
otherwise file a responsive pleading to
the appeal, by February 1, 2010.
2. The procedural schedule listed
below is hereby adopted.
3. Pursuant to 39 U.S.C. 505, Richard
A. Oliver is designated officer of the
Commission (Public Representative) to
represent the interests of the general
public.
4. The Secretary shall arrange for
publication of this notice and order and
procedural schedule in the Federal
Register.
Concurring Opinion of Commissioner
Blair. I concur in the establishment of
the docket to hear the appeal of the
closing of the Sundance retail station
located in Steamboat Springs, Colorado.
The appeal appears to have met the
preliminary test of being filed within
the timeline prescribed by the statute.
However, I have serious concerns about
this docket and its timing. These
concerns include how this case might
impact the Commission’s deliberations
and anticipated decision in the
proceeding regarding an advisory
opinion on the Postal Service Station
and Branch Optimization and
Consolidation Initiative, Docket No.
N2009–1 and whether the Commission’s
consideration of this appeal may preempt issues raised in Docket No.
N2009–1. It also comes at the time the
Commission is receiving public
comment on its public investigation into
post office suspensions, Docket No.
PI2010–1.
By the Commission.
Shoshana M .Grove,
Secretary.
PROCEDURAL SCHEDULE
December 29, 2009 ......
February 1, 2010 ...........
February 4, 2010 ...........
February 16, 2010 .........
February 24, 2010 .........
March 11, 2010 .............
March 18, 2010 .............
April 28, 2010 ................
Filing of Appeal.
Deadline for Postal Service to file administrative record in this appeal or responsive pleading.
Deadline for petitioner’s form 61 or initial brief in support of petition (see 39 CFR 3001.115(a) and (b)).
Deadline for petitioners to intervene (see 39 CFR 3001.111(b)).
Deadline for answering brief in support of Postal Service (see 39 CFR 3001.115(c)).
Deadline for reply briefs in response to answering briefs (see 39 CFR 3001.115(d)).
Deadline for motions by any party requesting oral argument; the Commission will schedule oral argument only when it
is a necessary addition to the written filings (see 39 CFR 3001.116).
Expiration of the Commission’s 120-day decisional schedule (see 39 U.S.C. 404(d)(5)).
[FR Doc. 2010–1612 Filed 1–26–10; 8:45 am]
BILLING CODE 4830–01–S
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–61395; File No. SR–FICC–
2009–11]
Self-Regulatory Organizations; The
Fixed Income Clearing Corporation;
Notice of Filing and Immediate
Effectiveness of Proposed Rule
Change to Modify the Fee Schedule of
the Government Securities Division of
the Fixed Income Clearing Corporation
proposed rule change described in Items
I, II, and III below, which items have
been prepared primarily by FICC. FICC
filed the proposal pursuant to Section
19(b)(3)(A)(ii) of the Act 2 and Rule 19b–
4(f)(2) 3 thereunder so that the proposal
was effective upon filing with the
Commission. The Commission is
publishing this notice to solicit
comments on the rule change from
interested parties.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’),1 notice is hereby given that on
December 29, 2009, the Fixed Income
Clearing Corporation (‘‘FICC’’) filed with
the Securities and Exchange
Commission (‘‘Commission’’) the
srobinson on DSKHWCL6B1PROD with NOTICES
January 21, 2010.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The proposed rule change amends
FICC’s rules to modify the fee schedules
of its Government Securities Division
(‘‘GSD’’).
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission,
FICC 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. FICC has prepared
summaries, set forth in sections (A), (B),
and (C) below, of the most significant
aspects of these statements.4
(A) Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
(a) The purpose of this filing is to
modify participant fees as outlined
below. The fee changes were effective as
of January 4, 2010.
(i) The GSD fee structure for
submission of a side of a trade and
submission of a repo transaction is
revised to reflect the following:
2009 Fee
Up to 50,000 submissions per month ..................................
50,000 to 100,001 submissions per month ..........................
1 15
2 15
U.S.C. 78s(b)(1).
U.S.C. 78s(b)(3)(A)(ii).
VerDate Nov<24>2008
16:22 Jan 26, 2010
3 17
Jkt 220001
PO 00000
2010 Proposed fee
$0.16 per item .........................................
$0.08 per item .........................................
CFR 240.19b–4(f)(2).
Frm 00095
Fmt 4703
$0.21 per item.
$0.12 per item.
4 The Commission has modified the text of the
summaries prepared by FICC.
Sfmt 4703
E:\FR\FM\27JAN1.SGM
27JAN1
Federal Register / Vol. 75, No. 17 / Wednesday, January 27, 2010 / Notices
4431
(ii) The following Netting Fee and
Charges were revised as follows:
2009 Fee
1. For each side of a compared trade, other than a repo
transaction, that is netted, a fee equaling the sum (in addition to the comparison fee) of:
2. For each start leg or close leg of a repo transaction
other than a GCF repo transaction that is netted, a fee
equaling the sum (in addition to the comparison fee) of:
and;
(iii) The charge for each deliver
obligation and receive obligation created
as a result of the netting process was a
fee of $0.060 per $1 million of par value.
This fee was increased to $0.10 per $1
million.
The proposed rule change is
consistent with Section 17A of the Act,5
as amended, and the rules and
regulations thereunder applicable to
FICC. The proposed rule change updates
FICC’s fee schedule for GSD thereby
providing for the equitable allocation of
fees among its participants.
(B) Self-Regulatory Organization’s
Statement on Burden on Competition
FICC does not believe that the
proposed rule change will have any
impact or impose any burden on
competition.
(C) Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
Written comments relating to the
proposed rule change were not and are
not intended to be solicited or received.
FICC will notify the Commission of any
written comments received by FICC.
srobinson on DSKHWCL6B1PROD with NOTICES
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The foregoing proposed rule change
has become effective upon filing
pursuant to Section 19(b)(3)(A)(ii) of the
Act 6 and Rule 19b–4(f)(2) 7 thereunder
because the proposed rule change
changes a due fee or other change
applicable only to members. At any time
within sixty 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.
5 15
U.S.C. 78q–1.
U.S.C. 78s(b)(3)(A)(ii).
7 17 CFR 240.19b–4(f)(2).
6 15
VerDate Nov<24>2008
19:13 Jan 26, 2010
Jkt 220001
(i) $0.16; and
(ii) $0.012 per $1 million of par value.
(i) $0.16; and
(ii) $0.016 per $1 million of par value.
(i) $0.16; and
(ii) $0.060 per $1 million of par value.
(i) $0.16; and
(ii) $0.016 per $1 million of par value.
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 rulecomments@sec.gov. Please include File
Number SR–FICC–2009–11 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–FICC–2009–11. 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, 100 F Street, NE., Washington,
DC 20549, on official business days
between the hours of 10 a.m. and 3 p.m.
Copies of such filings also will be
available for inspection and copying at
the principal office of FICC and on
FICC’s Web site at https://www.dtcc.com/
downloads/legal/rule_filings/2009/ficc/
2009-11.pdf. All comments received
PO 00000
2010 Proposed fee
Frm 00096
Fmt 4703
Sfmt 4703
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–FICC–
2009–11 and should be submitted on or
before February 17, 2010.
For the Commission by the Division of
Trading and Markets, pursuant to delegated
authority.8
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010–1603 Filed 1–26–10; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–61388; File No. SR–BX–
2010–001]
Self-Regulatory Organizations;
NASDAQ OMX BX, Inc.; Notice of Filing
and Immediate Effectiveness of
Proposed Rule Change Relating to
Registered Representative Fee and
Options Regulatory Fee
January 20, 2010.
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 January 4,
2010, NASDAQ OMX BX, Inc. (the
‘‘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 self-regulatory
organization. The Exchange filed the
proposed rule change pursuant to
Section 19(b)(3)(A)(ii) of the Act,3 and
Rule 19b–4(f)(2) thereunder,4 which
renders the proposal effective upon
filing with the Commission. The
Commission is publishing this notice to
8 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A)(ii).
4 17 CFR 240.19b–4(f)(2).
1 15
E:\FR\FM\27JAN1.SGM
27JAN1
]]>Agencies
[Federal Register Volume 75, Number 17 (Wednesday, January 27, 2010)]
[Notices]
[Pages 4430-4431]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-1603]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-61395; File No. SR-FICC-2009-11]
Self-Regulatory Organizations; The Fixed Income Clearing
Corporation; Notice of Filing and Immediate Effectiveness of Proposed
Rule Change to Modify the Fee Schedule of the Government Securities
Division of the Fixed Income Clearing Corporation
January 21, 2010.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act''),\1\ notice is hereby given that on December 29, 2009, the
Fixed Income Clearing Corporation (``FICC'') filed with the Securities
and Exchange Commission (``Commission'') the proposed rule change
described in Items I, II, and III below, which items have been prepared
primarily by FICC. FICC filed the proposal pursuant to Section
19(b)(3)(A)(ii) of the Act \2\ and Rule 19b-4(f)(2) \3\ thereunder so
that the proposal was effective upon filing with the Commission. The
Commission is publishing this notice to solicit comments on the rule
change from interested parties.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 15 U.S.C. 78s(b)(3)(A)(ii).
\3\ 17 CFR 240.19b-4(f)(2).
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The proposed rule change amends FICC's rules to modify the fee
schedules of its Government Securities Division (``GSD'').
II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
In its filing with the Commission, FICC 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. FICC has prepared summaries, set forth in sections (A),
(B), and (C) below, of the most significant aspects of these
statements.\4\
---------------------------------------------------------------------------
\4\ The Commission has modified the text of the summaries
prepared by FICC.
---------------------------------------------------------------------------
(A) Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
(a) The purpose of this filing is to modify participant fees as
outlined below. The fee changes were effective as of January 4, 2010.
(i) The GSD fee structure for submission of a side of a trade and
submission of a repo transaction is revised to reflect the following:
------------------------------------------------------------------------
2009 Fee 2010 Proposed fee
------------------------------------------------------------------------
Up to 50,000 submissions per $0.16 per item.... $0.21 per item.
month.
50,000 to 100,001 submissions $0.08 per item.... $0.12 per item.
per month.
------------------------------------------------------------------------
[[Page 4431]]
(ii) The following Netting Fee and Charges were revised as
follows:
------------------------------------------------------------------------
2010 Proposed
2009 Fee fee
------------------------------------------------------------------------
1. For each side of a (i) $0.16; and (i) $0.16; and
compared trade, other than a (ii) $0.012 per $1 (ii) $0.016 per
repo transaction, that is million of par value. $1 million of
netted, a fee equaling the par value.
sum (in addition to the
comparison fee) of:
2. For each start leg or (i) $0.16; and (i) $0.16; and
close leg of a repo (ii) $0.060 per $1 (ii) $0.016 per
transaction other than a GCF million of par value. $1 million of
repo transaction that is par value.
netted, a fee equaling the
sum (in addition to the
comparison fee) of:
------------------------------------------------------------------------
and;
(iii) The charge for each deliver obligation and receive obligation
created as a result of the netting process was a fee of $0.060 per $1
million of par value. This fee was increased to $0.10 per $1 million.
The proposed rule change is consistent with Section 17A of the
Act,\5\ as amended, and the rules and regulations thereunder applicable
to FICC. The proposed rule change updates FICC's fee schedule for GSD
thereby providing for the equitable allocation of fees among its
participants.
---------------------------------------------------------------------------
\5\ 15 U.S.C. 78q-1.
---------------------------------------------------------------------------
(B) Self-Regulatory Organization's Statement on Burden on Competition
FICC does not believe that the proposed rule change will have any
impact or impose any burden on competition.
(C) Self-Regulatory Organization's Statement on Comments on the
Proposed Rule Change Received From Members, Participants, or Others
Written comments relating to the proposed rule change were not and
are not intended to be solicited or received. FICC will notify the
Commission of any written comments received by FICC.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
The foregoing proposed rule change has become effective upon filing
pursuant to Section 19(b)(3)(A)(ii) of the Act \6\ and Rule 19b-4(f)(2)
\7\ thereunder because the proposed rule change changes a due fee or
other change applicable only to members. At any time within sixty 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.
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78s(b)(3)(A)(ii).
\7\ 17 CFR 240.19b-4(f)(2).
---------------------------------------------------------------------------
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-FICC-2009-11 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-FICC-2009-11. 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, 100 F Street, NE.,
Washington, DC 20549, on official business days between the hours of 10
a.m. and 3 p.m. Copies of such filings also will be available for
inspection and copying at the principal office of FICC and on FICC's
Web site at https://www.dtcc.com/downloads/legal/rule_filings/2009/ficc/2009-11.pdf. 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-
FICC-2009-11 and should be submitted on or before February 17, 2010.
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. 2010-1603 Filed 1-26-10; 8:45 am]
BILLING CODE 8011-01-P
