55540 Federal Register / Vol. 71, No. 184 / Friday, September 22, 2006 / Notices 

7 15 U.S.C. 78f(b). 

8 15 U.S.C. 78f(b)(5). 

9 15 U.S.C. 78s(b)(7). 

10 15 U.S.C. 78s(b)(1). 11 17 CFR 200.30–3(a)(73). 

1 15 U.S.C. 78s(b)(7). 

2 17 CFR 240.19b–7. 

3 7 U.S.C. 7a–2(c). 

2. Statutory Basis 

The Exchange believes that the 

proposed rule change is consistent with 

Section 6(b) of the Act,7 in general, and 

Section 6(b)(5) of the Act,8 in particular, 

in that it is designed to prevent 

fraudulent and manipulative acts and 

practices, to promote just and equitable 

principles of trade, and, in general, to 

protect investors and the public interest. 

The Exchange believes that the 

proposed changes is designed to protect 

investors and the public interest by 

permitting investors to use SSFs based 

on NMS securities trading on national 

securities exchanges and a national 

securities association for hedging 

purposes. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

OneChicago does not believe that the 

proposed rule change will 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 nor 

received comments on the proposed 

rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The foregoing proposed rule change 

has become effective pursuant to 

Section 19(b)(7) of the Act.9 Within 60 

days of the date of effectiveness of the 

proposed rule change, the Commission, 

after consultation with the CFTC, may 

summarily abrogate the proposed rule 

change and require that the proposed 

rule change be refiled in accordance 

with the provisions of Section 19(b)(1) 

of the Act.10

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 (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an e-mail to rulecomments@sec.gov. Please include File 

Number SR–OC–2006–02 on the subject 

line. 

Paper Comments 

• Send paper comments in triplicate 

to Nancy M. Morris, Secretary, 

Securities and Exchange Commission, 

100 F Street NE., Washington, DC 

20549–1090. 

All submissions should refer to File 

Number SR–OC–2006–02. 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 (http://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 inspection and copying in 

the Commission’s Public Reference 

Room. Copies of such filing also will be 

available for inspection and copying at 

the principal office of OneChicago. 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 

Number SR–OC–2006–02 and should be 

submitted on or before October 13, 

2006. 

For the Commission, by the Division of 

Market Regulation, pursuant to delegated 

authority.11

Jill M. Peterson, 

Assistant Secretary. 

[FR Doc. 06–8002 Filed 9–21–06; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISISON 

[Release No. 34–54452; File No. SR–OC–

2006–01] 

Self-Regulatory Organization; 

OneChicago, LLC; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change Relating to Block Trades 

September 15, 2006. 

Pursuant to Section 19(b)(7) of the 

Securities Exchange Act of 1934 

(‘‘Act’’) 1 and Rule 19b–7 thereunder,2

notice is hereby given that on 

September 6, 2006, OneChicago, LLC 

(‘‘OneChicago’’ or ‘‘Exchange’’) filed 

with the Securities and Exchange 

Commission (‘‘Commission’’) the 

proposed rule change 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. 

OneChicago has also filed the 

proposed rule change with the 

Commodity Futures Trading 

Commission (‘‘CFTC’’). OneChicago 

filed a written certification with the 

CFTC under Section 5c(c) of the 

Commodity Exchange Act 3 on 

September 5, 2006. 

I. Self-Regulatory Organization’s 

Description of the Proposed Rule 

Change 

OneChicago proposes to amend its 

policy regarding block trades. The text 

of the proposed rule change is available 

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. 


sroberts on PROD1PC70 with NOTICES
Federal Register / Vol. 71, No. 184 / Friday, September 22, 2006 / Notices 55541 

4The New York Stock Exchange (‘‘NYSE’’) 

requires a minimum of 10,000 contracts for a block 

trade. See NYSE ITS Block Trade Policy. See also 

Regulation NMS definition of block trade. 17 CFR 

242.600(b). 

5See OneChicago Rule 905. 

6 15 U.S.C. 78f(b). 

7 15 U.S.C. 78f(b)(5). 

8 15 U.S.C. 78s(b)(7). 

9 15 U.S.C. 78s(b)(1). 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

OneChicago proposes to amend its 

current Policies: Block Trades, PreExecution Discussions and Cross Trades 

(‘‘Block Trade Policy’’) to change the 

minimum contracts needed to enter into 

a block trade from 500 to 100; to clarify 

that block trades must be executed no 

earlier than one-half hour before the 

opening and no later than one-half after 

the close of the trading session; to 

incorporate language from OneChicago 

Rule 417; to permit members to report 

their block trades in a form and method 

approved by the Exchange; to clarify 

that a combination of trades may be 

necessary to achieve a specific price 

differential for an overall trade event 

and, for these trades, that information 

must be provided to link the related legs 

of the block trade event; and other nonsubstantive changes. 

Currently, the minimum contract size 

for a block trade on OneChicago is 500 

contracts. The proposed rule change 

would lower the minimum quantity 

needed for block trades to 100. The 

Exchange believes the proposed 

minimum contract size is consistent 

with similar requirements in the 

securities markets.4 Since an 

OneChicago futures contract on a single 

stock represents 100 shares of the 

underlying stock, the Exchange 

represents that the proposed block trade 

minimum contract size of 100 contracts 

is equivalent to 10,000 shares of the 

underlying stock.5

OneChicago also proposes to amend 

the Block Trade Policy to clarify the 

time in which block trades may be 

executed. Under the proposed rule 

change, all block trades must be 

executed no earlier than one-half hour 

before trading in the contract begins on 

OneChicago and no later than one-half 

hour after trading in the contract ends 

on OneChicago. The proposed rule 

change would also add language from 

OneChicago Rule 417, which requires 

that all block trades be reported to the 

Exchange without delay after the trades 

are executed, and the specific terms 

related to the block trades that must be 

reported. The Exchange believes that 

adding this portion of OneChicago Rule 

417 into the Block Trade Policy will 

assist OneChicago members and others 

reviewing it. 

In order to accommodate its members 

and provide flexibility in reporting, 

OneChicago proposes to add language to 

the Block Trade Policy to permit 

reporting of block trades in a form and 

method approved by the Exchange. This 

would permit a variety of methods for 

reporting block trades, such as 

electronic reporting, reporting by fax, as 

well as the current practice of reporting 

by telephone. Consistent with this 

change, the proposed rule change would 

add language to clarify that those 

reporting requirements related to calling 

the OneChicago Help Desk would only 

apply to phoned-in reports. 

The proposed rule change would also 

add a new footnote to the Block Trade 

Policy related to price. The footnote 

would acknowledge that in some block 

transactions a combination of trades 

may be necessary to achieve a specific 

price differential for the overall trade 

event. The proposed rule change would 

also add language requiring the parties 

to such a block trade to submit 

sufficient information to link related 

legs to the block trade event. The 

Exchange believes that this information 

will be useful for its regulatory oversight 

of these transactions. 

2. Statutory Basis 

The Exchange believes that the 

proposed rule change is consistent with 

Section 6(b) of the Act,6 in general, and 

Section 6(b)(5) of the Act,7 in particular, 

in that it is designed to prevent 

fraudulent and manipulative acts and 

practices, to promote just and equitable 

principles of trade, and, in general, to 

protect investors and the public interest. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

OneChicago does not believe that the 

proposed rule change will 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 nor 

received comments on the proposed 

rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The foregoing proposed rule change 

has become effective pursuant to 

Section 19(b)(7) of the Act.8 Within 60 

days of the date of effectiveness of the 

proposed rule change, the Commission, 

after consultation with the CFTC, may 

summarily abrogate the proposed rule 

change and require that the proposed 

rule change be refiled in accordance 

with the provisions of Section 19(b)(1) 

of the Act.9

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 (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an e-mail to rulecomments@sec.gov. Please include File 

Number SR–OC–2006–01 on the subject 

line. 

Paper Comments 

• Send paper comments in triplicate 

to Nancy M. Morris, Secretary, 

Securities and Exchange Commission, 

100 F Street NE., Washington, DC 

20549–1090. 

All submissions should refer to File 

Number SR–OC–2006–01. 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 (http://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 inspection and copying in 

the Commission’s Public Reference 

Room. Copies of such filing also will be 

available for inspection and copying at 

the principal office of OneChicago. 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 


sroberts on PROD1PC70 with NOTICES
55542 Federal Register / Vol. 71, No. 184 / Friday, September 22, 2006 / Notices 

10 17 CFR 200.30–3(a)(73). 

submissions should refer to File 

Number SR–OC–2006–01 and should be 

submitted on or before October 13, 

2006. 

For the Commission, by the Division of 

Market Regulation, pursuant to delegated 

authority.10

Jill M. Peterson, 

Assistant Secretary. 

[FR Doc. 06–8003 Filed 9–21–06; 8:45 am] 

BILLING CODE 8010–01–P 

SMALL BUSINESS ADMINISTRATION 

Region 1—Maine District Advisory 

Council; Public Meeting 

The U.S. Small Business 

Administration Maine District Advisory 

Council, located in the geographical 

area of Augusta, Maine will hold a 

public meeting on Tuesday, October 24, 

2006 starting at 10 a.m. The meeting 

will be held at the U.S. Small Business 

Administration, Maine District Office, 

68 Sewall Street, 5th Floor, Augusta, 

Maine. The purpose of the meeting is to 

discuss such matters as may be 

presented by members, staff of the U.S. 

Small Business Administration, or 

others present. 

For further information, write or call 

Mary McAleney, District Director, U.S. 

Small Business Administration, Maine 

District Office, 68 Sewall Street, Room 

512, Augusta, Maine 04330, (207) 622–

8386 phone, (207) 622–8277 fax. 

Thomas M. Dryer, 

Acting Committee Management Officer. 

[FR Doc. 06–7987 Filed 9–21–06; 8:45 am] 

BILLING CODE 8025–01–P 

SMALL BUSINESS ADMINISTRATION 

Region II Buffalo District Advisory 

Council; Public Meeting 

The U.S. Small Business 

Administration Buffalo District 

Advisory Council located in the 

geographical area of Buffalo, New York, 

will hold a public meeting on 

Wednesday, October 11, 2006, starting 

at 10 a.m. eastern standard time. The 

meeting will take place at The Buffalo 

Club, 388 Delaware Avenue, Buffalo, 

New York. The purpose of the meeting 

is to discuss such matters that may be 

presented by members, and staff of the 

U.S. Small Business Administration, or 

others present. 

Anyone wishing to make an oral 

presentation to the Board must contact 

Franklin J. Sciortino, District Director, 

Buffalo District Office, in writing by 

letter or fax no later than Friday, 

October 6, 2006 in order to be put on the 

agenda. Franklin J. Sciortino, District 

Director, Buffalo District Office, U.S. 

Small Business Administration, Niagara 

Center, 540 Niagara Center, 130 S. 

Elmwood Avenue, Buffalo, New York 

14202; telephone (716) 551–4301 or fax 

(716) 551–4418. 

Thomas M. Dryer, 

Acting Committee Management Officer. 

[FR Doc. 06–7988 Filed 9–21–06; 8:45 am] 

BILLING CODE 8025–01–P 

SMALL BUSINESS ADMINISTRATION 

Region 3—Washington, DC District 

Advisory Council; Public Meeting 

The U.S. Small Business 

Administration Washington, DC District 

Advisory Council will host a public a 

meeting on Tuesday October 17, 2006 

from 9 a.m. until 11:30 a.m. The 

meeting will take place at the 

Washington Metropolitan Area District 

Office located at 740 15th Street, NW., 

3rd Floor, Washington, DC 20005. The 

purpose of the meeting is to discuss the 

overview of the district’s FY 2006 goals, 

update on new initiatives, and other 

matters that be presented by members, 

staff of the U.S Small Business 

Administration, or others present. 

Anyone wishing to make an oral 

presentation to the Board must contact 

Joseph P. Loddo, District Director, 

Washington Metropolitan Area District 

Advisory Council, in writing by letter or 

fax no later than Tuesday, October 3, 

2006, in order to be put on the agenda. 

Joseph P. Loddo, District Director, U.S. 

Small Business Administration, 

Washington Metropolitan Area District 

Office, 740 15th Street, NW., 3rd Floor, 

Washington, DC 20005. Telephone (202) 

272–0345 or FAX (202) 272–0270. 

Thomas M. Dryer, 

Acting Committee Management Officer. 

[FR Doc. 06–7989 Filed 9–21–06; 8:45 am] 

BILLING CODE 8025–01–P 

DEPARTMENT OF STATE 

[Public Notice 5553] 

Meeting of Advisory Committee on 

International Communications and 

Information Policy 

Summary: The Department of State 

announces the next meeting of its 

Advisory Committee on International 

Communications and Information 

Policy (ACICIP) to be held on Thursday, 

October 5, 2006, from 10 a.m. to 12 

p.m., in the Harry S. Truman Building 

of the U.S. Department of State. 

Admittance to the Department of State 

building is only by means of a prearranged clearance list as described in 

this notice. 

The Department of State announces 

the next meeting of its Advisory 

Committee on International 

Communications and Information 

Policy (ACICIP) to be held on Thursday, 

October 5, 2006, from 10 a.m. to 12 

p.m., in the Loy Henderson Auditorium 

of the Harry S. Truman Building of the 

U.S. Department of State. The Truman 

Building is located at 2201 C Street, 

NW., Washington, DC 20520. 

The committee provides a formal 

channel for regular consultation and 

coordination on major economic, social 

and legal issues and problems in 

international communications and 

information policy, especially as these 

issues and problems involve users of 

information and communications 

services, providers of such services, 

technology research and development, 

foreign industrial and regulatory policy, 

the activities of international 

organizations with regard to 

communications and information, and 

developing country issues. 

The meeting will be led by ACICIP 

Chair Mr. Richard E. Wiley of Wiley 

Rein & Fielding LLP. Ambassador David 

A. Gross, Deputy Assistant Secretary 

and U.S. Coordinator for International 

Communications and Information 

Policy, and other senior U.S. 

Government officials will address the 

meeting. 

The main focus of this meeting will be 

to discuss: 

1. Upcoming USG 

telecommunications/ICT consultations 

in Tokyo (October 16–18, 2006) and 

Beijing (October 19–20, 2006). 

2. Upcoming International 

Telecommunication Union 

Plenipotentiary Conference (November 

6–24, 2006). 

3. Upcoming Internet Governance 

Forum (October 30–November 2, 2006). 

4. Upcoming U.S.-India Working 

Group Meeting (December 14–15, 2006). 

5. U.S. domestic public safety radio 

communications coordination in United 

States border regions. 

Members of the public may submit 

suggestions and comments to the 

ACICIP. Submissions regarding an 

event, consultation, meeting, etc. listed 

in the agenda above should be received 

by the ACICIP Executive Secretary 

(contact information below) at least ten 

working days prior to the date of that 

listed event. They should be submitted 

in written form and should not exceed 

one page for each country (for 

comments on consultations) or for each 


sroberts on PROD1PC70 with NOTICES