Federal Register / Vol. 71, No. 237 / Monday, December 11, 2006 / Notices 71597 

1 15 U.S.C. 78k–1. 

2 17 CFR 242.608. 

3The OPRA Plan is a national market system plan 

approved by the Commission pursuant to Section 

11A of the Act and Rule 608 thereunder (formerly 

Rule 11Aa3–2). See Securities Exchange Act 

Release No. 17638 (March 18, 1981), 22 S.E.C. 

Docket 484 (March 31, 1981). The full text of the 

OPRA Plan is available at http:// 

www.opradata.com. 

The OPRA Plan provides for the collection and 

dissemination of last sale and quotation information 

on options that are traded on the participant 

exchanges. The six participants to the OPRA Plan 

are the American Stock Exchange LLC, the Boston 

Stock Exchange, Inc., the Chicago Board Options 

Exchange, Inc., the International Securities 

Exchange, Inc. (‘‘ISE’’), the NYSE Arca, Inc., and the 

Philadelphia Stock Exchange, Inc. (‘‘Phlx’’). 

4See Securities Exchange Act Release No. 52901 

(December 6, 2005), 70 FR 74061 (December 14, 

2005). 

SECURITIES AND EXCHANGE 

COMMISSION 

Sunshine Act Meeting Notice 

Notice is hereby given, pursuant to 

the provisions of the Government in the 

Sunshine Act, Pub. L. 94–409, that the 

Securities and Exchange Commission 

will hold the following meeting during 

the week of December 11, 2006: 

An Open Meeting will be held on 

Wednesday, December 13, 2006 at 10 

a.m. in Room L–002, the Auditorium. 

The subject matters of the Open 

Meeting scheduled for Wednesday, 

December 13, 2006, will be: 

1. The Commission will consider whether 

to propose, jointly with the Board of 

Governors of the Federal Reserve System, 

new rules under the Securities Exchange Act 

of 1934 (‘‘Exchange Act’’) to implement the 

Gramm-Leach-Bliley Act bank exceptions to 

the definition of ‘‘broker.’’ The Commission 

will also consider extending the temporary 

exemption of banks from the definition of 

‘‘broker.’’ In addition, the Commission will 

consider whether to propose additional 

related rules, including rules exempting 

banks from the definition of ‘‘dealer’’ under 

the Exchange Act. 

2. The Commission will consider whether 

to repropose a new rule that would enable a 

foreign private issuer meeting specified 

conditions to terminate permanently its 

Exchange Act registration and reporting 

obligations under Section 12(g) regarding a 

class of equity securities and its Section 15(d) 

reporting obligations regarding a class of 

equity or debt securities. The Commission 

will also consider whether to repropose a 

rule amendment that would apply the 

exemption from Exchange Act registration 

under Rule 12g3–2(b) to a class of equity 

securities immediately upon the effective 

date of the issuer’s termination of registration 

and reporting obligations under the 

reproposed new exit rule. 

3. The Commission will consider whether 

to propose interpretive guidance to assist the 

management of an Exchange Act reporting 

company, other than an investment company 

registered under Section 8 of the Investment 

Company Act of 1940, in planning and 

performing its annual evaluation of internal 

control over financial reporting. The 

Commission will also consider whether to 

propose amendments to Rules 13a–15 and 

15d–15 under the Exchange Act that would 

make it clear that a company choosing to 

perform an evaluation of internal control in 

accordance with the interpretive guidance 

would satisfy the annual evaluation required 

by those rules. 

4. The Commission will consider whether 

to adopt amendments to the proxy rules 

under Section 14 of the Exchange Act. The 

amendments would provide an alternative 

for Internet-based disclosure. Companies 

conducting proxy solicitations could satisfy 

the Rule 14a–3 requirement to furnish proxy 

materials by posting those proxy materials on 

an Internet Web site and providing 

shareholders with notice of the Internet 

availability of the materials. Other soliciting 

persons also would be permitted to follow 

the Internet alternative. The Commission also 

will consider whether to propose mandating 

Internet disclosure of proxy materials. 

5. The Commission will consider whether 

to propose a new antifraud rule under 

Section 206 of the Investment Advisers Act 

of 1940. The Commission will also consider 

whether to propose a new rule under the 

Securities Act of 1933 to revise the criteria 

for natural persons to be considered 

‘‘accredited investors’’ for purposes of 

investing in certain privately offered 

investment vehicles. 

6. The Commission will consider whether 

to re-open the comment period on proposed 

Rule 0–1(a)(7) under the Investment 

Company Act of 1940 to enhance the 

independence and effectiveness of 

investment company directors, and in 

connection therewith, to publish economic 

analyses of mutual fund governance and 

independence issues by the Office of 

Economic Analysis. 

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: December 6, 2006. 

Nancy M. Morris, 

Secretary. 

[FR Doc. 06–9638 Filed 12–7–06; 10:48 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–54870; File No. SR–OPRA–

2006–02] 

Options Price Reporting Authority; 

Notice of Filing of Proposed 

Amendment to the Plan for Reporting 

of Consolidated Options Last Sale 

Reports and Quotation Information To 

Provide That Classes of Foreign 

Currency Options Newly Introduced for 

Trading by Any of the Parties to the 

Plan Be Treated Under the Provision 

‘‘Special Temporary Provision for 

Newly Traded FCO Securities’’ During 

a Temporary Period Ending on 

December 31, 2007 

December 5, 2006. 

Pursuant to Section 11A of the 

Securities Exchange Act of 1934 

(‘‘Act’’) 1 and Rule 608 thereunder,2

notice is hereby given that on November 

17, 2006, the Options Price Reporting 

Authority (‘‘OPRA’’) submitted to the 

Securities and Exchange Commission 

(‘‘Commission’’) an amendment to the 

Plan for Reporting of Consolidated 

Options Last Sale Reports and 

Quotation Information (‘‘OPRA Plan’’).3

The proposed OPRA Plan amendment 

would provide that classes of Foreign 

Currency Options (‘‘FCO Securities’’ or 

‘‘FCOs’’), newly introduced for trading 

in the securities markets maintained by 

any of the parties to the OPRA Plan, will 

be treated by OPRA under the provision 

‘‘Special Temporary Provision for 

Newly Traded FCO Securities’’ during a 

temporary period ending on December 

31, 2007. The Commission is publishing 

this notice to solicit comments from 

interested persons on the proposed 

OPRA Plan amendment. 

I. Description and Purpose of the 

Amendment 

Under the terms of the OPRA Plan, 

subject to the exception described in 

Section VIII(c)(iii), FCOs traded on any 

of the exchanges that are parties to the 

Plan are ordinarily assigned to a 

separate ‘‘FCO service’’ rather than 

OPRA’s ‘‘basic service’’ to which equity 

and index options are assigned. As a 

result, subject to the exception 

described below, separate fees and 

charges are imposed for access to the 

FCO service, and all revenues and 

expenses pertaining to the FCO service 

are allocated to a separate ‘‘FCO 

Accounting Center’’ established under 

Section VIII(c) of the OPRA Plan. 

To date, FCOs have been traded only 

on the Phlx. In late 2005, at the request 

of the Phlx and with the Commission’s 

approval, OPRA amended Section 

VIII(c) of the ORPA Plan by adding a 

new subparagraph (iii) thereto, which 

provides that during a temporary period 

ending on December 31, 2007, new 

classes of FCO Securities introduced for 

trading on Phlx (such classes are 

defined as ‘‘New FCO Securities’’) will 

be included in OPRA’s basic service and 

not in its FCO service.4 The effect of the 

amendment is to treat New FCO 

mstockstill on PROD1PC61 with NOTICES