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securities exchange.28 In particular, the Commission did not receive any which will better position Sceptor to
Commission finds that the proposal is comment with respect to Archipelago’s obtain growth capital.
consistent with section 6(b)(1) of the ownership and operation of the ATS The financing is brought within the
Act,29 which requires a national OTC Function of Arca Trading and the purview of Sec. 107.730(a)(1) of the
securities exchange to be so organized DOT Function of Archipelago Regulations because Shalom Equity
and have the capacity to be able to carry Securities. Fund Limited, an Associate of L Capital
out the purposes of the Act and to For the foregoing reasons, the Partners SBIC, L.P. owns 42% of the
enforce compliance by its members and Commission finds that the proposed existing and outstanding stock of
persons associated with its members rule change is consistent with the Sceptor.
with the provisions of the Act, the rules requirements of the Act the rules and Therefore, this transaction is
or regulations thereunder, and the rules regulations thereunder, and finds that considered a financing of an Associate
of the exchange. The Commission also good cause exists to accelerate approval requiring prior SBA approval.
finds that the proposal is consistent of the proposed rule change, pursuant to Notice is hereby given that any
with section 6(b)(5) of the Act,30 which section 19(b)(2) of the Act.33 interested person may submit written
requires, among other things, that the comments on the transaction, within 15
rules of an exchange be designed to V. Conclusion days of the date of this publication, to
promote just and equitable principles of It Is Therefore Ordered, pursuant to the Associate Administrator for
trade, to facilitate transactions in section 19(b)(2) of the Act,34 that the Investment, U.S. Small Business
securities, to remove impediments to proposed rule change (SR–PCX–2005– Administration, 409 Third Street, SW.,
and perfect the mechanisms of a free 125) is approved on an accelerated Washington, DC 20416.
and open market and a national market basis. Specifically, a permanent Dated: November 22, 2005.
system, and, in general, to protect exception for the ATS OTC Function of Jaime Guzman-Fournier,
investors and the public interest. Arca Trading is approved; and the Associate Administrator, for Investment.
Pursuant to section 19(b)(2) of the exception for the DOT Function of
Act,31 the Commission may not approve [FR Doc. E5–6633 Filed 11–28–05; 8:45 am]
Archipelago Securities is approved on a
any proposed rule change, or pilot basis until the closing date of the BILLING CODE 8025–01–P
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71596 Federal Register / Vol. 70, No. 228 / Tuesday, November 29, 2005 / Notices
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