Sunshine Act Meeting, 51073 [2012-20901]

Download as PDF Federal Register / Vol. 77, No. 164 / Thursday, August 23, 2012 / Notices FOR FURTHER INFORMATION CONTACT: PLACE: Remi Pavlik-Simon, Securities and Exchange Commission, 6432 General Green Way, Alexandria, VA 22312 or send an email to: PRA_Mailbox@sec.gov. DATE AND TIME OF PREVIOUSLY ANNOUNCED MEETING: August 22, 2012 at 10 a.m. In the Federal Register issue of Thursday, August 16, 2012, in FR Doc. 2012–20098, on page 49475, in the second line from the bottom of the second column, correct the OMB Control No. to read as noted above. Dated: August 20, 2012. Elizabeth M. Murphy, Secretary. [FR Doc. 2012–20758 Filed 8–22–12; 8:45 am] BILLING CODE 8011–01–P 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 will hold an Open Meeting on August 29, 2012 at 10 a.m., in the Auditorium, Room L–002. The subject matter of the Open Meeting will be: The Commission will consider whether to propose rules to eliminate the prohibition against general solicitation and general advertising in securities offerings conducted pursuant to Rule 506 of Regulation D under the Securities Act and Rule 144A under the Securities Act, as mandated by Section 201(a) of the Jumpstart Our Business Startups Act. 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. Dated: August 21, 2012. Elizabeth M. Murphy, Secretary. [FR Doc. 2012–20901 Filed 8–21–12; 4:15 pm] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION Sunshine Act Meeting FEDERAL REGISTER CITATION OF PREVIOUS ANNOUNCEMENT: [77 FR 39749, July 5, 2012]. STATUS: Deletion of an Item. The following item will not be considered during the Commission’s Open Meeting on August 22, 2012 at 10 a.m.: CHANGE IN THE MEETING: Correction tkelley on DSK3SPTVN1PROD with NOTICES 100 F Street NW., Washington, DC. The Commission will consider rules to eliminate the prohibition against general solicitation and general advertising in securities offerings conducted pursuant to Rule 506 of Regulation D under the Securities Act and Rule 144A under the Securities Act, as mandated by Section 201(a) of the Jumpstart Our Business Startups Act. This item is being rescheduled for consideration at an Open Meeting on August 29, 2012 as announced in a separate meeting notice. 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. Dated: August 21, 2012. Elizabeth M. Murphy, Secretary. [FR Doc. 2012–20900 Filed 8–21–12; 4:15 pm] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–67680; File No. SR–Phlx– 2012–106] Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing of Proposed Rule Change To Modify Exchange Rule 3307 To Institute a Five Millisecond Delay in the Execution Time of Marketable Orders on NASDAQ OMX PSX August 17, 2012. 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 August 9, 2012, NASDAQ OMX PHLX LLC (‘‘Phlx’’ 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 notice to solicit comments on the proposed rule change from interested persons. 1 15 Open Meeting. VerDate Mar<15>2010 16:59 Aug 22, 2012 2 17 Jkt 226001 PO 00000 U.S.C. 78s(b)(1). CFR 240.19b–4. Frm 00095 Fmt 4703 Sfmt 4703 51073 I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to modify Exchange Rule 3307 to institute a five millisecond delay in the execution time of marketable orders on NASDAQ OMX PSX (‘‘PSX’’). The Exchange proposes to implement the proposed rule change within 30 days of Commission approval. The text of the proposed rule change is available at https:// nasdaqomxphlx.cchwallstreet.com/ nasdaqomxphlx/phlx, at Phlx’s principal office 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 purpose of the proposed rule change is to modify Exchange Rule 3307 to institute a five millisecond delay in the execution time of marketable orders. The proposal will be implemented initially on a one-year pilot basis with respect to the trading of securities listed on the NASDAQ Stock Market (‘‘Tape C Securities’’). The Exchange introduced PSX, which features a unique price/ size/pro-rata execution algorithm, in order to encourage market participants to display more liquidity in a transparent market environment. As among equally priced orders on the PSX book, PSX allocates execution opportunities in proportion to the size of the posted order, rather than its time of entry. Thus, the Exchange’s market model is intended to deemphasize the importance of speed in realizing trading opportunities. Although PSX has enjoyed a measure of success, the Exchange is concerned that slower liquidity providers that post on PSX are sometimes subject to suboptimal executions due to disparities in the speed with which market participants are able to react to market E:\FR\FM\23AUN1.SGM 23AUN1

Agencies

[Federal Register Volume 77, Number 164 (Thursday, August 23, 2012)]
[Notices]
[Page 51073]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-20901]


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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 will hold an Open Meeting on August 29, 2012 at 
10 a.m., in the Auditorium, Room L-002.
    The subject matter of the Open Meeting will be:

    The Commission will consider whether to propose rules to 
eliminate the prohibition against general solicitation and general 
advertising in securities offerings conducted pursuant to Rule 506 
of Regulation D under the Securities Act and Rule 144A under the 
Securities Act, as mandated by Section 201(a) of the Jumpstart Our 
Business Startups Act.

    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.

    Dated: August 21, 2012.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2012-20901 Filed 8-21-12; 4:15 pm]
BILLING CODE 8011-01-P
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