Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Extending the Pilot Period To Receive Inbound Routes of Certain Equities Orders From Archipelago Securities LLC, 55391-55392 [2010-22557]
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Federal Register / Vol. 75, No. 175 / Friday, September 10, 2010 / Notices
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–62832; File No. SR–NYSE–
2010–64]
Self-Regulatory Organizations; New
York Stock Exchange LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change Extending the
Pilot Period To Receive Inbound
Routes of Certain Equities Orders
From Archipelago Securities LLC
September 2, 2010.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934 (the
‘‘Act’’) and Rule 19b–4 thereunder,2
notice is hereby given that, on August
31, 2010, New York Stock Exchange
LLC (‘‘NYSE’’ or the ‘‘Exchange’’) filed
with the Securities and Exchange
Commission (the ‘‘Commission’’) the
proposed rule change as described in
Items I and II 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 Exchange proposes to extend the
pilot period of the Exchange’s prior
approvals to receive inbound routes of
certain equities orders from Archipelago
Securities LLC (‘‘Arca Securities’’), an
NYSE affiliated member. The text of the
proposed rule change is available at the
Exchange, the Commission’s Public
Reference Room, and https://
www.nyse.com.
srobinson on DSKHWCL6B1PROD 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 those 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 parts of such
statements.
1 15
2 17
U.S.C. 78s(b)(1).
CFR 240.19b–4.
VerDate Mar<15>2010
16:29 Sep 09, 2010
Jkt 220001
A. Self-Regulatory Organization’s
Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule
Change
1. Purpose
Currently, Arca Securities is the
approved outbound order routing
facility of the Exchange.3 Arca
Securities is also the approved
outbound order routing facility of NYSE
Arca, Inc. (‘‘NYSE Arca’’) and NYSE
Amex LLC (‘‘NYSE Amex’’).4 The
Exchange has also been previously
approved to receive inbound routes of
equities orders by Arca Securities in its
capacity as an order routing facility of
NYSE Arca and NYSE Amex.5 The
Exchange’s authority to receive inbound
routes of equities orders by Arca
Securities is subject to a pilot period
ending September 30, 2010.6 The
Exchange hereby seeks to extend the
previously approved pilot period (with
the attendant obligations and
conditions) for an additional six
months, through March 31, 2011.
2. Statutory Basis
The proposed rule change is
consistent with Section 6(b) 7 of the
Securities Exchange Act of 1934 (the
‘‘Act’’), in general, and furthers the
objectives of Section 6(b)(5),8 in
particular, in that it is designed to
prevent fraudulent and manipulative
3 See Securities Exchange Act Release No. 55590
(April 5, 2007), 72 FR 18707 (April 13, 2007) (notice
of immediate effectiveness of SR–NYSE–2007–29);
see also, Securities and [sic] Exchange Act Release
No. 58680 (September 29, 2008), 73 FR 58283
(October 6, 2008) (order approving SR–NYSE–
2008–76).
4 See Securities Exchange Act Release No. 54238
(July 28, 2006), 71 FR 44758 (August 7, 2006) (order
approving SR–NYSEArca–2006–13); see also,
Securities Exchange Act Release No. 52497
(September 22, 2005), 70 FR 56949 (September 29,
2005) (SR–PCX–2005–90); see also, Securities
Exchange Act Release No. 44983 (October 25, 2001),
66 FR 55225 (November 1, 2001) (SR–PCX–00–25);
see also, Securities Exchange Act Release No. 58681
(September 29, 2008), 73 FR 58285 (October 6,
2008) (order approving NYSEArca–2008–90). See
Securities Exchange Act Release No. 59009
(November 24, 2008), 73 FR 73363 (December 2,
2008) (order approving SR–NYSEALTR–2008–07);
see also, Securities Exchange Act Release No. 59473
(February 27, 2009), 74 FR 9853 (March 6, 2009)
(order approving SR–NYSEALTR–2009–18).
5 See Securities and [sic] Exchange Act Release
No. 58680 (September 29, 2008), 73 FR 58283
(October 6, 2008) (order approving SR–NYSE–
2008–76); see Securities Exchange Act Release No.
59011 (November 24, 2008), 73 FR 73360
(December 2, 2008) (order approving SR–NYSE–
2008–122); see also Securities Exchange Act
Release No. 60255 (July 7, 2009), 74 FR 34065 (July
14, 2009) (order approving SR–NYSE–2009–58).
6 See Securities Exchange Act Release No. 61814
(March 31, 2010), 75 FR 17814 (April 7, 2010)
(Notice of immediate effectiveness of SR–NYSE–
2010–27).
7 15 U.S.C. 78f(b).
8 15 U.S.C. 78f(b)(5).
PO 00000
Frm 00091
Fmt 4703
Sfmt 4703
55391
acts and practices, to promote just and
equitable principles of trade, to foster
cooperation and coordination with
persons engaged in facilitating
transactions in securities, and to remove
impediments to and perfect the
mechanism of a free and open market
and a national market system.
Specifically, the proposed rule change
will allow the Exchange to continue
receiving inbound routes of equities
orders from Arca Securities acting in its
capacity as a facility of the NYSE Arca
and NYSE Amex, in a manner
consistent with prior approvals and
established protections. The Exchange
believes that extending the previously
approved pilot period for six months
will permit both the Exchange and the
Commission to further assess the impact
of the Exchange’s authority to receive
direct inbound routes of equities orders
via Arca Securities (including the
attendant obligations and conditions).9
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange does not believe that
the proposed rule change will 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
No written comments were solicited
or received with respect to the proposed
rule change.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
Because the foregoing rule change
does not: (1) Significantly affect the
protection of investors or the public
interest; (2) impose any significant
burden on competition; and (3) become
operative for 30 days after the date of
this filing, or such shorter time as the
Commission may designate, it has
become effective pursuant to Section
19(b)(3)(A) of the Act 10 and Rule 19b–
4(f)(6) thereunder.11
9 The Exchange is currently analyzing the
condition regarding non-public information and
system changes in order to better reflect the
operation of Arca Securities.
10 15 U.S.C. 78s(b)(3)(A).
11 17 CFR 240.19b–4(f)(6). In addition, Rule 19b–
4(f)(6)(iii) requires that a self-regulatory
organization submit to the Commission written
notice of its intent to file the proposed rule change,
along with a brief description and text of the
proposed rule change, at least five business days
prior to the date of filing of the proposed rule
change, or such shorter time as designated by the
Commission. The Exchange has satisfied this
requirement.
E:\FR\FM\10SEN1.SGM
10SEN1
55392
Federal Register / Vol. 75, No. 175 / Friday, September 10, 2010 / Notices
At any time within 60 days of the
filing of such proposed rule change the
Commission summarily may
temporarily suspend 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:
srobinson on DSKHWCL6B1PROD with NOTICES
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–NYSE–2010–64 on the
subject line.
Number SR–NYSE–2010–64 and should
be submitted on or before October 1,
2010.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.12
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010–22557 Filed 9–9–10; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–62853; File No. 4–610]
State of the Municipal Securities
Market Field Hearings
Securities and Exchange
Commission.
ACTION: Notice of field hearings.
By the Commission.
Dated: September 7, 2010.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2010–22628 Filed 9–9–10; 8:45 am]
AGENCY:
On May 7, 2010, the
Chairman of the Securities and
Exchange Commission Mary L.
Schapiro, announced that
Commissioner Elisse B. Walter would
Paper Comments
lead an effort to gather facts, opinions
• Send paper comments in triplicate
and analyses about the municipal
to Elizabeth M. Murphy, Secretary,
securities market by holding a series of
Securities and Exchange Commission,
field hearings across the country. A
100 F Street, NE., Washington, DC
broad array of municipal market
20549–1090.
participants representing diverse
All submissions should refer to File
viewpoints will be invited to participate
Number SR–NYSE–2010–64. This file
in the field hearings by sharing their
number should be included on the
perspectives on important topics
subject line if e-mail is used. To help the relating to the municipal securities
Commission process and review your
market.
comments more efficiently, please use
only one method. The Commission will DATES: The initial field hearing will be
post all comments on the Commission’s held on September 21, 2010 in San
Francisco, California and will be open
Internet Web site (https://www.sec.gov/
to the public. The field hearing will
rules/sro.shtml). Copies of the
begin at 9 a.m. Over the next several
submission, all subsequent
months, the Commission will hold four
amendments, all written statements
additional public field hearings in cities
with respect to the proposed rule
across the country. Information
change that are filed with the
regarding the dates and times of future
Commission, and all written
field hearings will be available on the
communications relating to the
Commission’s Web site at https://
proposed rule change between the
Commission and any person, other than www.sec.gov.
those that may be withheld from the
ADDRESSES: The September 21, 2010
public in accordance with the
field hearing will be held at the Port of
provisions of 5 U.S.C. 552, will be
San Francisco, Pier 1, The Embarcadero,
available for Web site viewing and
San Francisco, CA 94111. Information
printing in the Commission’s Public
regarding the locations of future field
Reference Room on official business
hearings will be available on the
days between the hours of 10 a.m. and
Commission’s Web site at https://
3 p.m. Copies of such filing also will be
www.sec.gov. Comments relating to the
available for inspection and copying at
state of the municipal securities market
the principal office of the Exchange. All field hearings may be filed
comments received will be posted
electronically by e-mail to
without change; the Commission does
munifieldhearings@sec.gov or through
not edit personal identifying
the comment form available at: https://
information from submissions. You
www.sec.gov/rules/other.shtml.
should submit only information that
Transcripts of the field hearings and all
you wish to make available publicly. All
12 17 CFR 200.30–3(a)(12).
submissions should refer to File
VerDate Mar<15>2010
16:29 Sep 09, 2010
Jkt 220001
submitted comments will also be
available on the Commission’s Web site
at https://www.sec.gov. All comments
received will be posted without change;
we do not edit personal identifying
information from submissions. You
should submit only information that
you wish to make available publicly.
FOR FURTHER INFORMATION CONTACT:
Alicia F. Goldin, Office of
Commissioner Elisse B. Walter, at (202)
551–5618, Lesli Sheppard, Office of
Commissioner Elisse B. Walter, at (202)
551–2806 or Kayla Gillan, Office of the
Chairman, at (202) 551–2600.
BILLING CODE 8010–01–P
SUMMARY:
PO 00000
Frm 00092
Fmt 4703
Sfmt 4703
SOCIAL SECURITY ADMINISTRATION
[Docket No. SSA–2010–0046]
Employment Network Report Card
AGENCY:
Social Security Administration
(SSA).
Notice of Webinar and National
Teleconference Call listening sessions—
announcing two opportunities for SSA
to hear public comments on
Employment Network quality assurance,
including a ticket consumer
Employment Network Report Card.
ACTION:
We are soliciting the views of
the public, beneficiaries, advocates,
Employment Networks (EN), and other
professionals on a key part of our
quality assurance and performance
measurement system for the Ticket to
Work (TTW) program. An EN is a
private or public entity that provides
employment support and/or vocational
rehabilitation services to Social Security
Disability Insurance (SSDI) and
Supplemental Security Income (SSI)
disabled beneficiaries who choose to
participate in the TTW program.
We are seeking to expand and
improve the mechanism used to monitor
and evaluate EN performance under the
TTW program. We plan to accomplish
this goal by combining a user-friendly
EN Report Card, which contains
customer satisfaction feedback, with the
current administrative data that EN’s
submit annually. The EN Report Card
will be useful to beneficiaries in making
informed choices regarding their
selection of ENs under the TTW
program. We will use the findings to
inform ENs about the service
expectations of TTW beneficiaries, the
level of satisfaction of beneficiaries who
SUMMARY:
E:\FR\FM\10SEN1.SGM
10SEN1
]]>Agencies
[Federal Register Volume 75, Number 175 (Friday, September 10, 2010)]
[Notices]
[Pages 55391-55392]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-22557]
[[Page 55391]]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-62832; File No. SR-NYSE-2010-64]
Self-Regulatory Organizations; New York Stock Exchange LLC;
Notice of Filing and Immediate Effectiveness of Proposed Rule Change
Extending the Pilot Period To Receive Inbound Routes of Certain
Equities Orders From Archipelago Securities LLC
September 2, 2010.
Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of
1934 (the ``Act'') and Rule 19b-4 thereunder,\2\ notice is hereby given
that, on August 31, 2010, New York Stock Exchange LLC (``NYSE'' or the
``Exchange'') filed with the Securities and Exchange Commission (the
``Commission'') the proposed rule change as described in Items I and II
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 Exchange proposes to extend the pilot period of the Exchange's
prior approvals to receive inbound routes of certain equities orders
from Archipelago Securities LLC (``Arca Securities''), an NYSE
affiliated member. The text of the proposed rule change is available at
the Exchange, the Commission's Public Reference Room, and https://www.nyse.com.
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 those 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 parts of such statements.
A. Self-Regulatory Organization's Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule Change
1. Purpose
Currently, Arca Securities is the approved outbound order routing
facility of the Exchange.\3\ Arca Securities is also the approved
outbound order routing facility of NYSE Arca, Inc. (``NYSE Arca'') and
NYSE Amex LLC (``NYSE Amex'').\4\ The Exchange has also been previously
approved to receive inbound routes of equities orders by Arca
Securities in its capacity as an order routing facility of NYSE Arca
and NYSE Amex.\5\ The Exchange's authority to receive inbound routes of
equities orders by Arca Securities is subject to a pilot period ending
September 30, 2010.\6\ The Exchange hereby seeks to extend the
previously approved pilot period (with the attendant obligations and
conditions) for an additional six months, through March 31, 2011.
---------------------------------------------------------------------------
\3\ See Securities Exchange Act Release No. 55590 (April 5,
2007), 72 FR 18707 (April 13, 2007) (notice of immediate
effectiveness of SR-NYSE-2007-29); see also, Securities and [sic]
Exchange Act Release No. 58680 (September 29, 2008), 73 FR 58283
(October 6, 2008) (order approving SR-NYSE-2008-76).
\4\ See Securities Exchange Act Release No. 54238 (July 28,
2006), 71 FR 44758 (August 7, 2006) (order approving SR-NYSEArca-
2006-13); see also, Securities Exchange Act Release No. 52497
(September 22, 2005), 70 FR 56949 (September 29, 2005) (SR-PCX-2005-
90); see also, Securities Exchange Act Release No. 44983 (October
25, 2001), 66 FR 55225 (November 1, 2001) (SR-PCX-00-25); see also,
Securities Exchange Act Release No. 58681 (September 29, 2008), 73
FR 58285 (October 6, 2008) (order approving NYSEArca-2008-90). See
Securities Exchange Act Release No. 59009 (November 24, 2008), 73 FR
73363 (December 2, 2008) (order approving SR-NYSEALTR-2008-07); see
also, Securities Exchange Act Release No. 59473 (February 27, 2009),
74 FR 9853 (March 6, 2009) (order approving SR-NYSEALTR-2009-18).
\5\ See Securities and [sic] Exchange Act Release No. 58680
(September 29, 2008), 73 FR 58283 (October 6, 2008) (order approving
SR-NYSE-2008-76); see Securities Exchange Act Release No. 59011
(November 24, 2008), 73 FR 73360 (December 2, 2008) (order approving
SR-NYSE-2008-122); see also Securities Exchange Act Release No.
60255 (July 7, 2009), 74 FR 34065 (July 14, 2009) (order approving
SR-NYSE-2009-58).
\6\ See Securities Exchange Act Release No. 61814 (March 31,
2010), 75 FR 17814 (April 7, 2010) (Notice of immediate
effectiveness of SR-NYSE-2010-27).
---------------------------------------------------------------------------
2. Statutory Basis
The proposed rule change is consistent with Section 6(b) \7\ of the
Securities Exchange Act of 1934 (the ``Act''), in general, and furthers
the objectives of Section 6(b)(5),\8\ in particular, in that it is
designed to prevent fraudulent and manipulative acts and practices, to
promote just and equitable principles of trade, to foster cooperation
and coordination with persons engaged in facilitating transactions in
securities, and to remove impediments to and perfect the mechanism of a
free and open market and a national market system. Specifically, the
proposed rule change will allow the Exchange to continue receiving
inbound routes of equities orders from Arca Securities acting in its
capacity as a facility of the NYSE Arca and NYSE Amex, in a manner
consistent with prior approvals and established protections. The
Exchange believes that extending the previously approved pilot period
for six months will permit both the Exchange and the Commission to
further assess the impact of the Exchange's authority to receive direct
inbound routes of equities orders via Arca Securities (including the
attendant obligations and conditions).\9\
---------------------------------------------------------------------------
\7\ 15 U.S.C. 78f(b).
\8\ 15 U.S.C. 78f(b)(5).
\9\ The Exchange is currently analyzing the condition regarding
non-public information and system changes in order to better reflect
the operation of Arca Securities.
---------------------------------------------------------------------------
B. Self-Regulatory Organization's Statement on Burden on Competition
The Exchange does not believe that the proposed rule change will
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
No written comments were solicited or received with respect to the
proposed rule change.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
Because the foregoing rule change does not: (1) Significantly
affect the protection of investors or the public interest; (2) impose
any significant burden on competition; and (3) become operative for 30
days after the date of this filing, or such shorter time as the
Commission may designate, it has become effective pursuant to Section
19(b)(3)(A) of the Act \10\ and Rule 19b-4(f)(6) thereunder.\11\
---------------------------------------------------------------------------
\10\ 15 U.S.C. 78s(b)(3)(A).
\11\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii)
requires that a self-regulatory organization submit to the
Commission written notice of its intent to file the proposed rule
change, along with a brief description and text of the proposed rule
change, at least five business days prior to the date of filing of
the proposed rule change, or such shorter time as designated by the
Commission. The Exchange has satisfied this requirement.
---------------------------------------------------------------------------
[[Page 55392]]
At any time within 60 days of the filing of such proposed rule
change the Commission summarily may temporarily suspend 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 rule-comments@sec.gov. Please include
File Number SR-NYSE-2010-64 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-NYSE-2010-64. 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 Web site viewing and
printing in the Commission's Public Reference Room on official business
days between the hours of 10 a.m. and 3 p.m. Copies of such 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-
NYSE-2010-64 and should be submitted on or before October 1, 2010.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\12\
---------------------------------------------------------------------------
\12\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-22557 Filed 9-9-10; 8:45 am]
BILLING CODE 8010-01-P
