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43306 Federal Register / Vol. 72, No.

149 / Friday, August 3, 2007 / Notices

C. Self-Regulatory Organization’s At any time within 60 days of the submissions should refer to File
Statement on Comments on the filing of such proposed rule change, the Number SR–ISE–2007–66 and should be
Proposed Rule Change Received From Commission may summarily abrogate submitted on or before August 24, 2007.
Members, Participants or Others such rule change if it appears to the For the Commission, by the Division of
Commission that such action is Market Regulation, pursuant to delegated
The Exchange has not solicited, and necessary or appropriate in the public authority.14
does not intend to solicit, comments on interest, for the protection of investors, Nancy M. Morris,
this proposed rule change. The or otherwise in furtherance of the
Exchange has not received any written Secretary.
purposes of the Act. [FR Doc. E7–15068 Filed 8–2–07; 8:45 am]
comments from members or other
interested parties. IV. Solicitation of Comments BILLING CODE 8010–01–P

III. Date of Effectiveness of the Interested persons are invited to


Proposed Rule Change and Timing for submit written data, views, and
arguments concerning the foregoing, SECURITIES AND EXCHANGE
Commission Action COMMISSION
including whether the proposed rule
Because the foregoing proposed rule change is consistent with the Act. [Release No. 34–56155; File No. SR–ISE–
change: (1) Does not significantly affect Comments may be submitted by any of 2007–67]
the protection of investors or the public the following methods:
interest; (2) does not impose any Self-Regulatory Organizations;
Electronic Comments International Securities Exchange,
significant burden on competition; and
(3) by its terms does not become • Use the Commission’s Internet LLC; Notice of Filing and Immediate
operative for 30 days after the date of comment form (http://www.sec.gov/ Effectiveness of Proposed Rule
this filing, or such shorter time as the rules/sro.shtml); or Change Relating to Directed Orders
Commission may designate if consistent • Send an e-mail to rule- System Change
with the protection of investors and the comments@sec.gov. Please include File
Number SR–ISE–2007–66 on the subject July 27, 2007.
public interest, provided that the Pursuant to section 19(b)(1) of the
Exchange has given the Commission line.
Securities Exchange Act of 1934 (the
notice of its intent to file the proposed Paper Comments ‘‘Act’’),1 and Rule 19b–4 thereunder,2
rule change, along with a brief • Send paper comments in triplicate notice is hereby given that on July 24,
description and text of the proposed to Nancy M. Morris, Secretary, 2007, the International Securities
rule change, at least five business days Securities and Exchange Commission, Exchange, LLC (‘‘ISE’’ or ‘‘Exchange’’)
prior to the date of filing of the 100 F Street, NE., Washington, DC filed with the Securities and Exchange
proposed rule change, or such shorter 20549–1090. Commission (‘‘Commission’’) the
time as designated by the Commission.9 proposed rule change as described in
All submissions should refer to File
A proposed rule change filed under Number SR–ISE–2007–66. This file Items I, II, and III below, which Items
Rule 19b–4(f)(6) 10 normally may not number should be included on the have been substantially prepared by the
become operative prior to 30 days after subject line if e-mail is used. To help the ISE. The proposed rule change has been
the date of filing. However, Rule 19b– Commission process and review your filed by the ISE as effecting a change in
4(f)(6)(iii) 11 permits the Commission to comments more efficiently, please use an existing order-entry or trading system
designate a shorter time if such action only one method. The Commission will pursuant to section 19(b)(3)(A) of the
is consistent with the protection of post all comments on the Commission’s Act,3 and Rule 19b–4(f)(5) thereunder,4
investors and the public interest. The Internet Web site (http://www.sec.gov/ which renders the proposal effective
ISE requests that the Commission waive rules/sro.shtml). Copies of the upon filing with the Commission. The
the 30-day operative delay, as specified submission, all subsequent Commission is publishing this notice to
in Rule 19b–4(f)(6)(iii),12 which would amendments, all written statements solicit comments on the proposed rule
make the rule change effective and with respect to the proposed rule change from interested persons.
operative upon filing. The Commission change that are filed with the
believes that waiving the 30-day I. Self-Regulatory Organization’s
Commission, and all written Statement of the Terms of Substance of
operative delay is consistent with the communications relating to the
protection of investors and the public the Proposed Rule Change
proposed rule change between the
interest because such waiver would Commission and any person, other than The ISE is proposing to extend the
allow the pilot periods to continue those that may be withheld from the pilot period for the system change that
without interruption until July 18, public in accordance with the identifies to a Directed Market Maker
2008.13 Accordingly, the Commission provisions of 5 U.S.C. 552, will be (‘‘DMM’’) the identity of the firm
designates the proposed rule change available for inspection and copying in entering a Directed Order until January
operative upon filing with the the Commission’s Public Reference 31, 2008.
Commission. Room, 100 F Street, NE., Washington, II. Self-Regulatory Organization’s
DC 20549, on official business days Statement of the Purpose of, and
9 The Exchange has requested that the
between the hours of 10 a.m. and 3 p.m. Statutory Basis for, the Proposed Rule
Commission waive the five-day pre-filing notice
requirement, and the Commission has agreed to
Copies of such filing also will be Change
waive the requirement. available for inspection and copying at
In its filing with the Commission, the
10 17 CFR 240.19b–4(f)(6). the principal office of the ISE. All
ISE included statements concerning the
mstockstill on PROD1PC66 with NOTICES

11 17 CFR 240.19b–4(f)(6)(iii). comments received will be posted


12 Id.
without change; the Commission does 14 17 CFR 200.30–3(a)(12).
13 For purposes only of waiving the operative
not edit personal identifying 1 15 U.S.C. 78s(b)(1).
delay for this proposal, the Commission has
considered the proposed rule’s impact on
information from submissions. You 2 17 CFR 240.19b–4.

efficiency, competition, and capital formation. See should submit only information that 3 15 U.S.C. 78s(b)(3)(A).

15 U.S.C. 78c(f). you wish to make available publicly. All 4 17 CFR 240.19b–4(f)(5).

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Federal Register / Vol. 72, No. 149 / Friday, August 3, 2007 / Notices 43307

purpose of, and basis for, the proposed B. Self-Regulatory Organization’s 100 F Street, NE., Washington, DC
rule change and discussed any Statement on Burden on Competition 20549–1090.
comments it received on the proposed The Exchange believes that the All submissions should refer to File
rule change. The text of these statements proposed rule change does not impose Number SR–ISE–2007–67. This file
may be examined at the places specified any burden on competition that is not number should be included on the
in Item IV below. The ISE has prepared necessary or appropriate in furtherance subject line if e-mail is used. To help the
summaries, set forth in sections A, B, of the purposes of the Act. Commission process and review your
and C below, of the most significant comments more efficiently, please use
aspects of such statements. C. Self-Regulatory Organization’s only one method. The Commission will
Statement on Comments on the post all comments on the Commission’s
A. Self-Regulatory Organization’s Proposed Rule Change Received From
Statement of the Purpose of, and Internet Web site (http://www.sec.gov/
Members, Participants or Others rules/sro.shtml). Copies of the
Statutory Basis for, the Proposed Rule
Change The Exchange has not solicited, and submission, all subsequent
does not intend to solicit, comments on amendments, all written statements
1. Purpose this proposed rule change. The with respect to the proposed rule
On January 5, 2006, the ISE initiated Exchange has not received any written change that are filed with the
a system change to identify to a DMM comments from members or other Commission, and all written
the identity of the firm entering a interested parties. communications relating to the
Directed Order. The ISE filed this proposed rule change between the
III. Date of Effectiveness of the
system change on a pilot basis under Commission and any person, other than
Proposed Rule Change and Timing for
section 19(b)(3)(A) of the Exchange Act those that may be withheld from the
Commission Action
of 1934 (the ‘‘Exchange Act’’) and Rule public in accordance with the
Because the foregoing proposed rule provisions of 5 U.S.C. 552, will be
19b–4(f)(5) thereunder 5 so that it would change effects a change in an existing
be effective while the Commission available for inspection and copying in
order entry or trading system that (i) the Commission’s Public Reference
considered a separate proposed rule Does not significantly affect the
change filed under section 19(b)(2) of Room, 100 F Street, NE., Washington,
protection of investors or the public DC 20549, on official business days
the Exchange Act to amend the ISE’s interest; (ii) does not impose any
rules to reflect the system change on a between the hours of 10 a.m. and 3 p.m.
significant burden on competition; and Copies of such filing also will be
permanent basis (the ‘‘Permanent Rule (iii) does not have the effect of limiting
Change’’).6 The current pilot expires on available for inspection and copying at
access to or availability of the system, it the principal office of the ISE. All
July 31, 2007,7 but the Commission has has become effective pursuant to section
not yet taken action with respect to the comments received will be posted
19(b)(3)(A)(iii) of the Act 9 and Rule without change; the Commission does
Permanent Rule Change. Accordingly, 19b–4(f)(5) thereunder.10
the Exchange proposes to extend the not edit personal identifying
At any time within 60 days of the information from submissions. You
pilot until January 31, 2008, so that the filing of such proposed rule change, the
system change will remain in effect should submit only information that
Commission may summarily abrogate you wish to make available publicly. All
while the Commission continues to such rule change if it appears to the
evaluate the Permanent Rule Change.8 submissions should refer to File
Commission that such action is Number SR–ISE–2007–67 and should be
2. Statutory Basis necessary or appropriate in the public submitted on or before August 24, 2007.
interest, for the protection of investors,
The Exchange believes that the basis For the Commission, by the Division of
or otherwise in furtherance of the
under the Act is found in section Market Regulation, pursuant to delegated
purposes of the Act. authority.11
6(b)(5), in that the propose rule change
is designed to promote just and IV. Solicitation of Comments Nancy M. Morris,
equitable principles of trade, remove Interested persons are invited to Secretary.
impediments to and perfect the submit written data, views, and [FR Doc. E7–15070 Filed 8–2–07; 8:45 am]
mechanisms of a free and open market arguments concerning the foregoing, BILLING CODE 8010–01–P
and a national market system and, in including whether the proposed rule
general, to protect investors and the change is consistent with the Act.
public interest. Extension of the pilot Comments may be submitted by any of SECURITIES AND EXCHANGE
program will allow the Exchange to the following methods: COMMISSION
continue operating under the pilot
Electronic Comments [Release No. 34–56165; File No. SR–ISE–
while the Commission considers the 2007–64]
Permanent Rule Change. • Use the Commission’s Internet
comment form (http://www.sec.gov/ Self-Regulatory Organizations;
5 See Securities Exchange Act Release No. 53104 rules/sro.shtml); or International Securities Exchange,
(January 11, 2006), 71 FR 3142 (January 19, 2006) • Send an e-mail to rule- LLC; Notice of Filing and Immediate
(Notice of Filing and Immediate Effectiveness for comments@sec.gov. Please include File
SR–ISE–2006–02). Effectiveness of Proposed Rule
6 See Securities Exchange Act Release No. 53103
Number SR–ISE–2007–67 on the subject Change Relating to Fee Changes
(January 11, 2006), 71 F.R. 3144 (January 19, 2006) line.
(Notice of Filing for SR–ISE–2006–01). July 30, 2007.
7 See Securities Exchange Act Release No. 55144
Paper Comments Pursuant to section 19(b)(1) of the
mstockstill on PROD1PC66 with NOTICES

(January 22, 2007), 72 FR 3890 (January 26, 2007) • Send paper comments in triplicate Securities Exchange Act of 1934
(Notice of Filing and Immediate Effectiveness for to Nancy M. Morris, Secretary,
SR–ISE–2007–05).
(‘‘Act’’),1 and Rule 19b–4 thereunder,2
8 The ISE anticipated that extension of the pilot
Securities and Exchange Commission,
11 17 CFR 200.30–3(a)(12).
might be necessary and included this in the filing
9 15 U.S.C. 78s(b)(3)(A)(iii). 1 15 U.S.C. 78s(b)(1).
for the initial pilot. See supra note 5, at footnote
5. 10 17 CFR 19b–4(f)(5). 2 17 CFR 240.19b–4.

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