Self-Regulatory Organizations; International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Its Schedule of Fees, 67152-67153 [2010-27494]
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mstockstill on DSKH9S0YB1PROD with NOTICES
67152
Federal Register / Vol. 75, No. 210 / Monday, November 1, 2010 / Notices
= 10 hours). The total cost of
compliance for the annual burden is
$3,160 ($316 × 5 hours per response ×
2 responses = $3,160). In addition,
estimated overhead costs for printing,
copying, and postage equal to 35% of
the value of labor costs amount to $553
per response ($1,580 × 35%). Thus, the
Commission estimates the total
annualized cost burden would be $1,106
($553 × 2 respondents).
An estimated two respondents will
meet certain volume thresholds
requiring them to provide notice to any
user upon any decision to deny or limit
that user’s access to the system, and
these notice obligations will be triggered
an estimated 27 × per year for each
respondent. The Commission estimates
that the average compliance burden for
each response would be 1 hour of inhouse professional work at $316 per
hour. Thus, the total compliance burden
per year is 54 hours (2 respondents × 27
responses each × 1 hour = 54 hours).
The total cost of compliance for the
annual burden is $17,064 ($316 × 1 hour
per response × 54 responses = $17,064).
In addition, estimated overhead costs
for printing, copying, and postage equal
to 35% of the value of labor costs
amount to $110.60 per response ($316 ×
35%). Thus, the Commission estimates
the annualized cost burden for each
respondent would be $2986.20 ($110.60
× 27 responses per respondent) and the
total annualized cost burden for all
respondents would be $5972.40
($110.60 × 2 respondents × 27 responses
per respondent).
An estimated two respondents will
meet certain volume thresholds
requiring them to keep records relating
to any steps taken to comply with
systems capacity, integrity, and security
requirements under Rule 301. The
Commission estimates that the average
compliance burden for each response
would be 10 hours of in-house
professional work at $316 per hour.
Thus, the total compliance burden per
year is 20 hours (2 respondents × 10
hours = 20 hours). The total cost of
compliance for the annual burden is
$6,320 ($316 × 20 hours = $6,320). In
addition, estimated overhead costs for
printing, copying, and postage equal to
35% of the value of labor costs amount
to $1,106 per response ($3,160 × 35%).
Thus, the Commission estimates the
total annualized cost burden would be
$2,212 ($1,106 × 2 respondents).
An estimated two respondents will
meet certain volume thresholds
requiring them to provide a notice to the
Commission to report any systems
outages, and these notice obligations
will be triggered an estimated 5 times
per year for each respondent. The
VerDate Mar<15>2010
16:44 Oct 29, 2010
Jkt 223001
Commission estimates that the average
compliance burden for each response
would be .25 hours of in-house
professional work at $316 per hour.
Thus, the total compliance burden per
year is 2.5 hours (2 respondents × 5
responses each × .25 hours = 2.5 hours).
The total cost of compliance for the
annual burden is $790 ($316 × .25 hours
per response × 10 responses = $790). In
addition, estimated overhead costs for
printing, copying, and postage equal to
35% of the value of labor costs amount
to $27.65 per response ($79 × 35%).
Thus, the Commission estimates the
annualized cost burden for each
respondent would be $138.25 ($27.65 ×
5 responses per respondent) and the
total annualized cost burden for all
respondents would be $276.50 ($27.65 ×
2 respondents × 5 responses per
respondent).
Written comments are invited on
(a) Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the proposed collection
of information; (c) ways to enhance the
quality, utility, and clarity of the
information collected; and (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology. Consideration will be given
to comments and suggestions submitted
in writing within 60 days of this
publication.
Please direct your written comments
to: Jeffrey Heslop, Acting Chief
Information Officer, Securities and
Exchange Commission, c/o Remi PavlikSimon, 6432 General Green Way,
Alexandria, Virginia 22312 or send an
e-mail to: PRA_Mailbox@sec.gov.
Dated: October 25,2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010–27468 Filed 10–29–10; 8:45 am]
SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meeting
Notice is hereby given, pursuant to
the provisions of the Government in the
Sunshine Act, Public Law–409, that the
Securities and Exchange Commission
will hold a closed meeting on Thursday,
November 4, 2010 at 1:30 p.m.
Commissioners, Counsel to the
Commissioners, the Secretary to the
Commission, and recording secretaries
Frm 00074
Fmt 4703
Dated: October 28, 2010.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2010–27640 Filed 10–28–10; 4:15 pm]
BILLING CODE P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–63179; File No. SR–ISE–
2010–104]
Self-Regulatory Organizations;
International Securities Exchange,
LLC; Notice of Filing and Immediate
Effectiveness of Proposed Rule
Change Amending Its Schedule of
Fees
October 26, 2010.
BILLING CODE 8011–01–P
PO 00000
will attend the closed meeting. Certain
staff members who have an interest in
the matters also may be present.
The General Counsel of the
Commission, or his designee, has
certified that, in his opinion, one or
more of the exemptions set forth in 5
U.S.C. 552b(c)(3), (5), (7), 9(B) and (10)
and 17 CFR 200.402(a)(3), (5), (7), 9(ii)
and (10), permit consideration of the
scheduled matters at the Closed
Meeting.
Commissioner Paredes, as duty
officer, voted to consider the items
listed for the closed meeting in a closed
session, and determined that no earlier
notice thereof was possible.
The subject matter of the closed
meeting scheduled for Thursday,
November 4, 2010 will be: Institution
and settlement of injunctive actions;
institution and settlement of
administrative proceedings; and other
matters relating to enforcement
proceedings.
At times, changes in Commission
priorities require alterations in the
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.
Sfmt 4703
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 October
19, 2010, International Securities
Exchange, LLC (‘‘ISE’’ or ‘‘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 Exchange.
The Commission is publishing this
1 15
2 17
E:\FR\FM\01NON1.SGM
U.S.C. 78s(b)(1).
CFR 240.19b–4.
01NON1
Federal Register / Vol. 75, No. 210 / Monday, November 1, 2010 / Notices
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 its
fee schedule by eliminating all fees
related to its equity market. 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, 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
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.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange has ceased trading
equity securities in its market.
Therefore, the Exchange is now
proposing to eliminate all fees related to
the trading of equity securities and its
equity membership from its Schedule of
Fees. The Exchange believes that
eliminating the fees related to equities
will simplify and clarify its Schedule of
Fees, and thereby avoid investor
confusion by only publishing fees for
products that are traded on its market.
mstockstill on DSKH9S0YB1PROD with NOTICES
2. Statutory Basis
The Exchange believes that the
proposed rule change is consistent with
the objectives of Section 6 of the Act,3
in general, and furthers the objectives of
Section 6(b)(4),4 in particular, in that it
is designed to provide for the equitable
allocation of reasonable dues, fees and
other charges among its members and
other persons using its facilities. Since
the Exchange no longer trades equities
in its market, the proposed rule change
will simply its Schedule of Fees by
eliminating the fees related to equities.
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) of
the Act 5 and Rule 19b–4(f)(2) 6
thereunder. 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 rulecomments@sec.gov. Please include File
Number SR–ISE–2010–104 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–2010–104. 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, 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 filing
will also 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 No. SR–ISE–2010–
104 and should be submitted on or
before November 22, 2010.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.7
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010–27494 Filed 10–29–10; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–63177; File No. SR–ISE–
2010–105]
Self-Regulatory Organizations;
International Securities Exchange,
LLC; Notice of Filing and Immediate
Effectiveness of Proposed Rule
Change Relating to a Date for the
Additional Expiration Months Pilot
Program
October 25, 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 October
20, 2010, the International Securities
Exchange, Inc. (the ‘‘Exchange’’ or ‘‘ISE’’)
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 Exchange. The
7 17
3 15
U.S.C. 78f.
4 15 U.S.C. 78f(b)(4).
VerDate Mar<15>2010
16:44 Oct 29, 2010
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
5 15
U.S.C. 78s(b)(3).
6 17 CFR 240.19b–4(f)(2).
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PO 00000
Frm 00075
Fmt 4703
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67153
E:\FR\FM\01NON1.SGM
01NON1
Agencies
[Federal Register Volume 75, Number 210 (Monday, November 1, 2010)]
[Notices]
[Pages 67152-67153]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-27494]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-63179; File No. SR-ISE-2010-104]
Self-Regulatory Organizations; International Securities Exchange,
LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule
Change Amending Its Schedule of Fees
October 26, 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 October 19, 2010, International Securities Exchange, LLC (``ISE'' or
``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 Exchange. The
Commission is publishing this
[[Page 67153]]
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 amend its fee schedule by eliminating all
fees related to its equity market. 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, 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 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.
A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
1. Purpose
The Exchange has ceased trading equity securities in its market.
Therefore, the Exchange is now proposing to eliminate all fees related
to the trading of equity securities and its equity membership from its
Schedule of Fees. The Exchange believes that eliminating the fees
related to equities will simplify and clarify its Schedule of Fees, and
thereby avoid investor confusion by only publishing fees for products
that are traded on its market.
2. Statutory Basis
The Exchange believes that the proposed rule change is consistent
with the objectives of Section 6 of the Act,\3\ in general, and
furthers the objectives of Section 6(b)(4),\4\ in particular, in that
it is designed to provide for the equitable allocation of reasonable
dues, fees and other charges among its members and other persons using
its facilities. Since the Exchange no longer trades equities in its
market, the proposed rule change will simply its Schedule of Fees by
eliminating the fees related to equities.
---------------------------------------------------------------------------
\3\ 15 U.S.C. 78f.
\4\ 15 U.S.C. 78f(b)(4).
---------------------------------------------------------------------------
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) of the Act \5\ and Rule 19b-4(f)(2) \6\ thereunder. 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.
---------------------------------------------------------------------------
\5\ 15 U.S.C. 78s(b)(3).
\6\ 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-2010-104 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-2010-104. 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, 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 filing will also 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 No. SR-ISE-2010-104 and should be
submitted on or before November 22, 2010.
---------------------------------------------------------------------------
\7\ 17 CFR 200.30-3(a)(12).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\7\
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-27494 Filed 10-29-10; 8:45 am]
BILLING CODE 8011-01-P