Federal Register / Vol. 72, No. 9 / Tuesday, January 16, 2007 / Notices 1793 

26 17 CFR 200.30–3(a)(12). 

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

2The Commission has modified the text of the 

summaries prepared by DTC. 

3 15 U.S.C. 78q–1. 

4 15 U.S.C. 78s(b)(3)(A)(iii). 

5 17 CFR 240.19b–4(f)(4). 

6For purposes of calculating the 60-day period 

within which the Commission may summarily 

abrogate the proposed rule change under Section 

19(b)(3)(C) of the Act, the Commission considers 

the period to commence on January 5, 2007, the 

date on which the last amendment to the proposed 

rule change was filed with the Commission. 15 

U.S.C. 78s(b)(3)(C). 

the Commission’s Public Reference 

Room. Copies of such filing also will be 

available for inspection and copying at 

the principal office of the Exchange. 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–BSE–2006–03 and should 

be submitted on or before February 6, 

2007. 

For the Commission, by the Division of 

Market Regulation, pursuant to delegated 

authority.26

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E7–406 Filed 1–12–07; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–55058; File No. SR–DTC–

2006–17] 

Self-Regulatory Organizations; The 

Depository Trust Company; Notice of 

Filing and Immediate Effectiveness of 

Proposed Rule Change Adding the 

Security Holder Report Service to the 

Security Position Report Service 

January 8, 2007. 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 

(‘‘Act’’),1 notice is hereby given that on 

November 17, 2006, The Depository 

Trust Company (‘‘DTC’’) filed with the 

Securities and Exchange Commission 

(‘‘Commission’’) and on January 5, 2007, 

amended the proposed rule change 

described in Items I, II, and III below, 

which items have been prepared 

primarily by DTC. The Commission is 

publishing this notice to solicit 

comments on the proposed rule change 

from interested parties. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The purpose of the proposed rule 

change is to add a new service, the 

Security Holder Report (‘‘SHR’’) service, 

to DTC’s Security Position Report 

(‘‘SPR’’) service. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, 

DTC 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. DTC has prepared 

summaries, set forth in sections (A), (B), 

and (C) below, of the most significant 

aspects of these statements.2

(A) Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

SPRs are reports prepared by DTC that 

show for each issuer whose securities 

are eligible for DTC’s book entry 

services the identity of each DTC 

participant having that issuer’s 

securities credited to its participant 

account and the quantity of that issuer’s 

securities that the DTC participant has 

credited to its participant account as of 

a selected date. Most securities are 

registered with the issuer’s transfer 

agent in the name of DTC’s nominee, 

Cede & Co. Issuers rely on DTC to 

provide them with SPR information. 

DTC also provides SPR information to 

trustees and authorized third party 

agents. These entities typically need 

SPR information provided by DTC in 

order to properly conduct proxy, record 

date, and voting rights related functions. 

Some authorized users of the SPR 

service also perform regulatory 

reporting functions for which they 

require the participants’ identities but 

do not need the corresponding quantity 

of securities credited to each 

participant. Currently, such users are 

required to order from DTC an SPR, 

which costs $120 per CUSIP. In order to 

mitigate user expenses, DTC is 

proposing to offer the SHR service as 

part of its SPR service. The SHR will 

allow authorized users to obtain reports 

with only participant identity. SHRs 

will result in lower production costs to 

DTC and in greater protection of 

participant information and will allow a 

lower fee to be charged than that for 

standard SPRs. The SHR fees are: 

(i) $55.00 per CUSIP for the first 500 

CUSIPS and 

(ii) $6.00 per CUSIP for requests of 

501 or more CUSIPS. 

The proposed rule change is 

consistent with the requirements of 

Section 17A of the Act 3 and the rules 

and regulations thereunder applicable to 

DTC because it will foster cooperation 

and coordination with persons engaged 

in the clearance and settlement of 

securities transactions and, in general, 

protects investors and the public 

interest. 

(B) Self-Regulatory Organization’s 

Statement on Burden on Competition 

DTC does not believe that the 

proposed rule change will have any 

impact on or impose any burden on 

competition. 

(C) Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

No written comments relating to the 

proposed rule change have been 

solicited or received. DTC will notify 

the Commission of any written 

comments received by DTC. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The foregoing rule change has become 

effective upon filing pursuant to Section 

19(b)(3)(A)(iii) of the Act 4 and Rule 

19b–4(f)(4) 5 thereunder because the 

proposed rule change effects a change in 

an existing service of DTC that (i) does 

not adversely affect the safeguarding of 

securities or funds in the custody or 

control of DTC or for which it is 

responsible and (ii) does not 

significantly affect the respective rights 

or obligations of DTC or persons using 

the service. At any time within sixty 

days of the filing of the proposed rule 

change, the Commission may summarily 

abrogate such rule change if it appears 

to the Commission that such action is 

necessary or appropriate in the public 

interest, for the protection of investors, 

or otherwise in furtherance of the 

purposes of the Act.6

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 


sroberts on PROD1PC70 with NOTICES
1794 Federal Register / Vol. 72, No. 9 / Tuesday, January 16, 2007 / Notices 

7 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3See e-mail dated January 4, 2007 from Michael 

Cavalier, Assistant General Counsel, NYSE Group, 

Inc. to Mitra Mehr, Special Counsel, Division of 

Market Regulation, Commission, reflecting a 

technical correction to the names of the relevant 

funds. 

4See Securities Exchange Act Release No. 44700 

(August 14, 2001), 66 FR 43927 (August 21, 2001) 

(SR–Amex–2001–34). 

Number SR–DTC–2006–17 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–DTC–2006–17. 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 

Section, 100 F Street, NE., Washington, 

DC 20549. Copies of such filing also will 

be available for inspection and copying 

at the principal office of DTC and on 

DTC’s Web site at https:// 

login.dtcc.com/dtcorg/. 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–DTC–

2006–17 and should be submitted on or 

before February 6, 2007. 

For the Commission, by the Division of 

Market Regulation, pursuant to delegated 

authority.7

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E7–389 Filed 1–12–07; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–55053; File No. SR–

NYSEArca–2006–38] 

Self-Regulatory Organizations; NYSE 

Arca, Inc.; Notice of Filing and Order 

Granting Accelerated Approval of 

Proposed Rule Change to Trade 

iShares S&P Global Index Funds and 

iShares MSCI EAFE Index Fund 

Pursuant to Unlisted Trading 

Privileges 

January 5, 2007. 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 

(‘‘Act’’) 1 and Rule 19b–4 thereunder,2

notice is hereby given that on October 

18, 2006, NYSE Arca, Inc. (‘‘NYSE 

Arca’’ or ‘‘Exchange’’) filed with the 

Securities and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change as described in Items I and II 

below, which Items have been 

substantially prepared by the Exchange. 

The Commission is publishing this 

notice and order to solicit comments on 

the proposal from interested persons 

and to approve the proposal on an 

accelerated basis. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Exchange, through its wholly 

owned subsidiary NYSE Arca Equities, 

Inc. (‘‘NYSE Arca Equities’’) proposes to 

trade shares (‘‘Shares’’) of the following 

index funds (‘‘Funds’’) 3 pursuant to 

unlisted trading privileges (‘‘UTP’’) 

based on NYSE Arca Equities Rule 

5.2(j)(3): 

• iShares S&P Global Energy Sector 

Index Fund (Symbol: IXC) 

• iShares S&P Global Financials Sector 

Index Fund (IXG) 

• iShares S&P Global Health Care Sector 

Index Fund (IXJ) 

• iShares S&P Global 

Telecommunications Sector Index 

Fund (IXP) 

• iShares S&P Global Information 

Technology Sector Index Fund (IXN) 

• iShares S&P/TOPIX 150 Index Fund 

(ITF) 

• iShares S&P Latin America 40 Index 

Fund (ILF); and 

• iShares MSCI EAFE Index Fund (EFA) 

The text of the proposed rule change 

is available on the Exchange’s Web site 

(http://www.nysearca.com), 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 III below. The 

Exchange has prepared summaries, set 

forth in Sections A, B, and C below, of 

the most significant aspects of such 

statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The Exchange is proposing to trade 

the Shares pursuant to UTP. The index 

underlying each Fund (‘‘each, an 

Index’’) consists of both U.S. and/or 

foreign stocks. The investment objective 

of each Fund is to provide investment 

results that correspond generally to the 

price and yield performance of its 

underlying Index. In seeking to achieve 

its respective investment objective, each 

Fund utilizes a ‘‘representative 

sampling’’ strategy, which is a passive 

investment strategy, to track its 

applicable Index. Each Fund will 

attempt to hold a representative sample 

of the Index’s component securities 

utilizing quantitative analytical models. 

At least 90% of each Fund’s total assets 

will be invested in the Index’s 

component securities. Each Fund also 

may invest up to 10% of its total assets 

in stocks that are not included in its 

Index. 

The Commission previously approved 

the original listing and trading of the 

Shares on the American Stock Exchange 

LLC (‘‘Amex’’).4 The Exchange deems 

the Shares to be equity securities, thus 

rendering trading in the Shares subject 

to the Exchange’s existing rules 

governing the trading of equity 

securities. The trading hours for the 

Shares on the Exchange are the same as 

those set forth in NYSE Arca Equities 

Rule 7.34, except that the Shares, with 

the exception of iShares S&P/TOPIX 150 

Index Fund, will not trade during the 

Opening Session (4 a.m. to 9:30 a.m. 


sroberts on PROD1PC70 with NOTICES