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Federal Register / Vol. 70, No. 92 / Friday, May 13, 2005 / Notices 25631
participants of DTC and their affiliates including whether the proposed rule SECURITIES AND EXCHANGE
may utilize the services of other third change is consistent with the Act. COMMISSION
parties. DTC has determined that it Comments may be submitted by any of
[Release No. 34–51666; File No. SR–ISE–
would be more efficient and less costly the following methods: 2003–07]
if the fees that members agree to pay for
Electronic Comments
such services were collected by DTC Self-Regulatory Organizations;
rather than through independent billing • Use the Commission’s Internet International Securities Exchange, Inc.;
mechanisms that would otherwise have comment form (http://www.sec.gov/ Order Approving Proposed Rule
to be established by each subsidiary of rules/sro.shtml) or Change and Amendment No. 1 Thereto
DTCC and third party that is not a and Order Granting Accelerated
registered clearing agency. • Send an e-mail to rule-
comments@sec.gov. Please include File Approval of Amendment Nos. 2, 3, 4,
DTC’s rules currently allow for fee and 5 Thereto Relating to the Pricing
collection arrangements with respect to Number SR–DTC–2005–03 on the
subject line. of Block and Facilitation Trades
collection of fees from participants. The
proposed rule change would further May 9, 2005.
Paper Comments
clarify this practice and facilitate I. Introduction
collection of fees with respect to • Send paper comments in triplicate
affiliates of participants. DTC will enter to Jonathan G. Katz, Secretary, On February 25, 2003, the
into appropriate agreements with such Securities and Exchange Commission, International Securities Exchange, Inc.
subsidiaries and others regarding the 450 Fifth Street, NW., Washington, DC (‘‘ISE’’ or ‘‘Exchange’’) filed with the
collection of fees. 20549–0609. Securities and Exchange Commission
DTC believes that the proposed rule (‘‘Commission’’), pursuant to Section
All submissions should refer to File 19(b)(1) of the Securities Exchange Act
change is consistent with the Number SR–DTC–2005–03. This file
requirements of the Act and the rules of 1934 (‘‘Act’’) 1 and Rule 19b–4
number should be included on the thereunder,2 a proposed rule change to
and regulations thereunder because DTC subject line if e-mail is used. To help the
will implement this service in a manner provide for the entry and execution of
Commission process and review your block and facilitation trades at the
whereby DTC will be able to assure the comments more efficiently, please use
safeguarding of securities and funds midpoint between the standard trading
only one method. The Commission will increments. On December 18, 2003, the
which are in its custody or control or for post all comments on the Commission’s
which it is responsible. ISE amended the proposed rule change.
Internet Web site (http://www.sec.gov/ The proposed rule change, as amended
(B) Self-Regulatory Organization’s rules/sro.shtml). Copies of the by Amendment No. 1, was published for
Statement on Burden on Competition submission, all subsequent comment in the Federal Register on
amendments, all written statements January 20, 2004.3
DTC does not believe that the with respect to the proposed rule
proposed rule change would have any The Commission received two
change that are filed with the comment letters in response to the
impact or impose any burden on Commission, and all written
competition. proposed rule change, which were
communications relating to the submitted by the Boston Stock Exchange
(C) Self-Regulatory Organization’s proposed rule change between the and its wholly-owned subsidiary,
Statement on Comments on the Commission and any person, other than Boston Options Exchange Regulation
Proposed Rule Change Received From those that may be withheld from the (collectively, ‘‘BSE’’),4 and the Chicago
Members, Participants, or Others public in accordance with the Board Options Exchange, Incorporated
Written comments relating to the provisions of 5 U.S.C. 552, will be (‘‘CBOE’’).5 The ISE submitted a letter in
proposed rule change have not been available for inspection and copying in response to the BSE Letter on March 4,
solicited or received. the Commission’s Public Reference 2004.6 Also, on March 4, 2004, the ISE
Section, 450 Fifth Street, NW., filed Amendment No. 2 to the proposed
III. Date of Effectiveness of the Washington, DC 20549. Copies of such rule change.7 On March 24, 2004, the
Proposed Rule Change and Timing for filing also will be available for
Commission Action inspection and copying at the principal 1 15 U.S.C. 78s(b)(1).
Within thirty-five days of the date of office of DTC and on DTC’s Web site at 2 17 CFR 240.19b–4.
publication of this notice in the Federal http://www.dtc.com. All comments 3 See Securities Exchange Act Release No. 49056
rule change or by the Division of Market Regulation, President and General Counsel, ISE, to Jonathan G.
pursuant to delegated authority.3 Katz, Secretary, Commission, dated March 4, 2004.
(b) Institute proceedings to determine 7 In Amendment No. 2, the ISE revised the text
whether the proposed rule change Jill M. Peterson, of the proposed rule change to remove language
should be disapproved. relating to the ISE’s Solicited Order Mechanism.
Assistant Secretary. This language, however, was reinserted in
IV. Solicitation of Comments [FR Doc. E5–2376 Filed 5–12–05; 8:45 am] Amendment No. 4 because the Commission had
approved the ISE’s Solicited Order Mechanism. See
Interested persons are invited to BILLING CODE 8010–01–P
Securities Exchange Act Release No. 49943 (June
submit written data, views, and 30, 2004), 69 FR 41317 (July 8, 2004) (SR–ISE–
arguments concerning the foregoing, 3 17 CFR 200.30–3(a)(12). 2001–22).
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