Self-Regulatory Organizations; International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to the Options Regulatory Fee, 25306-25307 [2010-10830]

Download as PDF 25306 Federal Register / Vol. 75, No. 88 / Friday, May 7, 2010 / Notices (Catalog of Federal Domestic Assistance Numbers 59002 and 59008) sections A, B, and C below, of the most significant aspects of such statements. Joseph P. Loddo, Acting Associate Administrator for Disaster Assistance. A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change [FR Doc. 2010–10777 Filed 5–6–10; 8:45 am] BILLING CODE 8025–01–P 1. Purpose SECURITIES AND EXCHANGE COMMISSION [Release No. 34–62012; File No. SR–ISE– 2010–36] Self-Regulatory Organizations; International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to the Options Regulatory Fee April 30, 2010. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the ‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on April 26, 2010, the International Securities Exchange, LLC (the ‘‘Exchange’’ or the ‘‘ISE’’) filed with the Securities and Exchange 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 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 ISE is proposing to amend the Options Regulatory Fee. The text of the proposed rule change is available on the Exchange’s Web site (https:// www.ise.com), at the principal office of the Exchange, at the Commission’s Public Reference Room, and on the Commission’s Web site at https:// www.sec.gov. jlentini on DSKJ8SOYB1PROD with NOTICES 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 self-regulatory organization has prepared summaries, set forth in U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 19:19 May 06, 2010 2. Statutory Basis The basis under the Securities Exchange Act of 1934 (the ‘‘Exchange Act’’) for this proposed rule change is the requirement under Section 6(b)(4) that an exchange have an equitable allocation of reasonable dues, fees and other charges among its members and other persons using its facilities. The Exchange believes this proposed rule change is equitable because it eliminates the minimum one-cent charge per trade thereby reducing the monthly ORF charge to all members. B. Self-Regulatory Organization’s Statement on Burden on Competition The proposed rule change does not impose any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act. 3 See Securities Exchange Act Release No. 61154 (December 11, 2009), 74 FR 67278 (December 18, 2009) (SR–ISE–2009–105). 1 15 VerDate Mar<15>2010 The purpose of the proposed rule change is to amend the Options Regulatory Fee (‘‘ORF’’). The Exchange notes that the total monthly charges to be assessed in a given month will be rounded to the nearest $0.01. The Exchange currently charges an ORF of $0.0035 per contract to each member for all options transactions executed or cleared by the member that are cleared by The Options Clearing Corporation (‘‘OCC’’) in the customer range, i.e., transactions that clear in the customer account of the member’s clearing firm at OCC. The ORF is collected indirectly from members through their clearing firms by OCC on behalf of the Exchange. There is a minimum one-cent charge per trade.3 The Exchange does not calculate the ORF on a trade-by-trade basis. ISE calculates the ORF based on the aggregate number of contracts executed by each clearing firm every month. Accordingly, the Exchange proposes to remove the minimum one-cent charge per trade. The Exchange believes eliminating the one-cent charge per trade should reduce the fee related to the ORF for members. This proposed fee change will be operative on May 1, 2010. Jkt 220001 PO 00000 Frm 00122 Fmt 4703 Sfmt 4703 C. Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others The Exchange has not solicited, and does not intend to solicit, comments on this proposed rule change. The Exchange has not received any unsolicited written comments from members or other interested parties. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The foregoing rule change has become effective pursuant to Section 19(b)(3)(A)(ii) of the Act 4 and paragraph (f)(2) of Rule 19b–4 5 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: 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–ISE–2010–36 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–ISE–2010–36. 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 4 15 5 17 U.S.C. 78s(b)(3)(A)(ii). CFR 240.19b–4(f)(2). E:\FR\FM\07MYN1.SGM 07MYN1 Federal Register / Vol. 75, No. 88 / Friday, May 7, 2010 / Notices 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 Web site viewing and printing 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 the 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–ISE– 2010–36 and should be submitted on or before May 28, 2010. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.6 Florence E. Harmon, Deputy Secretary. [FR Doc. 2010–10830 Filed 5–6–10; 8:45 am] BILLING CODE 8010–01–P DEPARTMENT OF STATE [Public Notice: 6990] 30-Day Notice of Proposed Information Collection: DS–4100, Iran Program Grants Vetting, Information Collection 1405–0176 jlentini on DSKJ8SOYB1PROD with NOTICES ACTION: Notice of request for public comments and submission to OMB of proposed collection of information. SUMMARY: The Department of State has submitted the following information collection request to the Office of Management and Budget (OMB) for approval in accordance with the Paperwork Reduction Act of 1995. Title of Information Collection: Iran Program Grants. • OMB Control Number: 1405–0176. • Type of Request: Extension of a Currently Approved Collection. • Originating Office: Office of Iranian Affairs, Bureau of Near Eastern Affairs (NEA/IR). • Form Number: DS–4100. • Respondents: Potential grantees and participants for Iran programs. • Estimated Number of Respondents: 200. • Estimated Number of Responses: 200. 6 17 CFR 200.30–3(a)(12). VerDate Mar<15>2010 19:19 May 06, 2010 Jkt 220001 • Average Hours per Response: 1. • Total Estimated Burden: 200. • Frequency: On occasion. • Obligation to Respond: Required to obtain benefits. DATES: The Department will accept comments from the public up to 30 days from May 7, 2010. ADDRESSES: Direct comments to the Department of State Desk Officer in the Office of Information and Regulatory Affairs at the Office of Management and Budget (OMB). You may submit comments by the following methods: • E-mail: oira_submission@omb.eop.gov. You must include the DS form number, information collection title, and OMB control number in the subject line of your message. • Fax: 202–395–5806. Attention: Desk Officer for Department of State. FOR FURTHER INFORMATION CONTACT: Direct requests for additional information regarding the collection listed in this notice, including requests for copies of the proposed information collection and supporting documents, to Danika Walters, Bureau of Near Eastern Affairs, U.S. Department of State, Washington, DC 20520, who may be reached on 202–647–1347, or via e-mail at WaltersDL@state.gov. SUPPLEMENTARY INFORMATION: We are soliciting public comments to permit the Department to: • Evaluate whether the proposed information collection is necessary for the proper performance of our functions. • Evaluate the accuracy of our estimate of the burden of the proposed collection, including the validity of the methodology and assumptions used. • Enhance the quality, utility, and clarity of the information to be collected. • Minimize the reporting burden on those who are to respond, including the use of automated collection techniques or other forms of technology. Abstract of Proposed Collection The State Department has made the awarding of grants a key component of its Iran policy. As a condition of licensing these activities, the Office of Foreign Assets Control (OFAC) mandate that the Department conduct a vetting of potential Iran programs grantees and sub-grantees for counter-terrorism purposes. To conduct this vetting the Department envisions collecting information from grantees and subgrantees regarding the identity and background of their key employees, board of directors, and program participants. PO 00000 Frm 00123 Fmt 4703 Sfmt 4703 25307 Methodology We will collect this information either through fax or electronic submission. Dated: May 3, 2010. Jillian Burns, Office Director, Office of Iranian Affairs, Bureau of Near Eastern Affairs, Department of State. [FR Doc. 2010–10838 Filed 5–6–10; 8:45 am] BILLING CODE 4710–31–P DEPARTMENT OF STATE [Public Notice 6984] Request for Nominations of Experts for Consideration as Authors and/or Editors for the Fifth Global Environment Outlook (GEO–5) ACTION: This is an announcement of an opportunity to recommend experts to the U.S. Government for nomination as Coordinating Lead Authors, Lead Authors, Contributing Authors and Review Editors for the Fifth Global Environment Outlook (GEO–5). SUMMARY: Governments, along with other stakeholder groups, relevant institutions, and United Nations agencies, have been invited to nominate experts to participate in the GEO–5 assessment. The Department of State is coordinating the recommendation of experts to the United Nations Environment Programme (UNEP) for GEO–5. The purpose of GEO–5 is to provide a comprehensive, integrated, and scientifically credible global environmental assessment to support decision-making processes at appropriate levels. Individuals may seek to nominate others (or themselves) directly on https://www.unep.org/geo/ nominations/, or through the U.S. government. For those who wish to submit their nominations through the U.S. government, your nomination must be submitted to UNEP at the Web site above, and the nomination must also be received at the U.S. Department of State, Office of Environmental Policy, which is coordinating the U.S. Government nomination process, no later than May 12, 2010. The remainder of this announcement provides background information and describes how to submit recommendations. The Global Environment Outlook is the primary assessment process of the UN Environment Programme (UNEP), which helps keep the global environment under review. It is a tool that informs decision-making, focusing on assessment priorities and analyzing policy challenges and opportunities to provide policy response options. It is E:\FR\FM\07MYN1.SGM 07MYN1

Agencies

[Federal Register Volume 75, Number 88 (Friday, May 7, 2010)]
[Notices]
[Pages 25306-25307]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-10830]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-62012; File No. SR-ISE-2010-36]


Self-Regulatory Organizations; International Securities Exchange, 
LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule 
Change Relating to the Options Regulatory Fee

April 30, 2010.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 
(the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given 
that on April 26, 2010, the International Securities Exchange, LLC (the 
``Exchange'' or the ``ISE'') filed with the Securities and Exchange 
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 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\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------

I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The ISE is proposing to amend the Options Regulatory Fee. The text 
of the proposed rule change is available on the Exchange's Web site 
(https://www.ise.com), at the principal office of the Exchange, at the 
Commission's Public Reference Room, and on the Commission's Web site at 
https://www.sec.gov.

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 self-regulatory organization 
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 purpose of the proposed rule change is to amend the Options 
Regulatory Fee (``ORF''). The Exchange notes that the total monthly 
charges to be assessed in a given month will be rounded to the nearest 
$0.01. The Exchange currently charges an ORF of $0.0035 per contract to 
each member for all options transactions executed or cleared by the 
member that are cleared by The Options Clearing Corporation (``OCC'') 
in the customer range, i.e., transactions that clear in the customer 
account of the member's clearing firm at OCC. The ORF is collected 
indirectly from members through their clearing firms by OCC on behalf 
of the Exchange. There is a minimum one-cent charge per trade.\3\ The 
Exchange does not calculate the ORF on a trade-by-trade basis. ISE 
calculates the ORF based on the aggregate number of contracts executed 
by each clearing firm every month. Accordingly, the Exchange proposes 
to remove the minimum one-cent charge per trade. The Exchange believes 
eliminating the one-cent charge per trade should reduce the fee related 
to the ORF for members.
---------------------------------------------------------------------------

    \3\ See Securities Exchange Act Release No. 61154 (December 11, 
2009), 74 FR 67278 (December 18, 2009) (SR-ISE-2009-105).
---------------------------------------------------------------------------

    This proposed fee change will be operative on May 1, 2010.
2. Statutory Basis
    The basis under the Securities Exchange Act of 1934 (the ``Exchange 
Act'') for this proposed rule change is the requirement under Section 
6(b)(4) that an exchange have an equitable allocation of reasonable 
dues, fees and other charges among its members and other persons using 
its facilities. The Exchange believes this proposed rule change is 
equitable because it eliminates the minimum one-cent charge per trade 
thereby reducing the monthly ORF charge to all members.

B. Self-Regulatory Organization's Statement on Burden on Competition

    The proposed rule change does not impose any burden on competition 
that is not necessary or appropriate in furtherance of the purposes of 
the Act.

C. Self-Regulatory Organization's Statement on Comments on the Proposed 
Rule Change Received From Members, Participants, or Others

    The Exchange has not solicited, and does not intend to solicit, 
comments on this proposed rule change. The Exchange has not received 
any unsolicited written comments from members or other interested 
parties.

III. Date of Effectiveness of the Proposed Rule Change and Timing for 
Commission Action

    The foregoing rule change has become effective pursuant to Section 
19(b)(3)(A)(ii) of the Act \4\ and paragraph (f)(2) of Rule 19b-4 \5\ 
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.
---------------------------------------------------------------------------

    \4\ 15 U.S.C. 78s(b)(3)(A)(ii).
    \5\ 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-ISE-2010-36 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-ISE-2010-36. 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

[[Page 25307]]

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 Web site viewing and printing 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 the 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-ISE-2010-36 and should be submitted on 
or before May 28, 2010.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
---------------------------------------------------------------------------

    \6\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-10830 Filed 5-6-10; 8:45 am]
BILLING CODE 8010-01-P
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