Federal Register / Vol. 72, No. 51 / Friday, March 16, 2007 / Notices 12639 

1 15 U.S.C. 78k–1. 

2 17 CFR 242.608. 

3On July 28, 2000, the Commission approved a 

national market system plan for the purpose of 

creating and operating an intermarket options 

market linkage (‘‘Linkage’’) proposed by Amex, 

CBOE, and ISE. See Securities Exchange Act 

Release No. 43086 (July 28, 2000), 65 FR 48023 

(August 4, 2000). Subsequently, Phlx, Pacific 

Exchange, Inc. (n/k/a NYSE Arca, Inc.), and BSE 

joined the Linkage Plan. See Securities Exchange 

Act Release Nos. 43573 (November 16, 2000), 65 FR 

70851 (November 28, 2000); 43574 (November 16, 

2000), 65 FR 70850 (November 28, 2000); and 49198 

(February 5, 2004), 69 FR 7029 (February 12, 2004). 

4See Section 2(16) of the Linkage Plan. For the 

purposes of this Joint Amendment No. 22 only, 

references to ‘‘Linkage Orders’’ herein pertain to 

P/A Orders and Principal Orders. For definitions of 

‘‘P/A Order’’ and ‘‘Principal Order,’’ see note 6 

infra. 

5A proposed amendment may be put into effect 

summarily upon publication of notice of such 

amendment, on a temporary basis not to exceed 120 

days, if the Commission finds that such action is 

necessary or appropriate in the public interest, for 

the protection of investors or the maintenance of 

fair and orderly markets, to remove impediments to, 

and perfect mechanisms of, a national market 

system or otherwise in furtherance of the purposes 

of the Act. See 17 CFR 242.608(b)(4). 

schedule electronically, please send an 

electronic message to dkw@nrc.gov. 

Dated: March 8, 2007. 

R. Michelle Schroll, 

Office of the Secretary. 

[FR Doc. 07–1320 Filed 3–14–07; 2:22 pm] 

BILLING CODE 7590–01–P 

RAILROAD RETIREMENT BOARD 

Proposed Collection; Comment 

Request 

Summary: In accordance with the 

requirement of Section 3506(c)(2)(A) of 

the Paperwork Reduction Act of 1995 

which provides opportunity for public 

comment on new or revised data 

collections, the Railroad Retirement 

Board (RRB) will publish periodic 

summaries of proposed data collections. 

Comments are invited on: (a) Whether 

the proposed information collection is 

necessary for the proper performance of 

the functions of the agency, including 

whether the information has practical 

utility; (b) the accuracy of the RRB’s 

estimate of the burden of the collection 

of the information; (c) ways to enhance 

the quality, utility, and clarity of the 

information to be collected; and (d) 

ways to minimize the burden related to 

the collection of information on 

respondents, including the use of 

automated collection techniques or 

other forms of information technology. 

Title and purpose of information 

collection: Employer Service and 

Compensation Reports; OMB 3220–

0070. 

Section 2(c) of the Railroad 

Unemployment Insurance Act (RUIA) 

specifies the maximum normal 

unemployment and sickness benefits 

that may be paid in a benefit year. 

Section 2(c) further provides for 

extended benefits for certain employees 

and for beginning a benefit year early for 

other employees. The conditions for 

these actions are prescribed in 20 CFR 

part 302. 

All information about creditable 

railroad service and compensation 

needed by the RRB to administer 

Section 2(c) is not always available from 

annual reports filed by railroad 

employers with the RRB (OMB 3220–

0008). When this occurs, the RRB must 

obtain supplemental information about 

service and compensation. 

The RRB utilizes Form UI–41, 

Supplemental Report of Service and 

Compensation, and Form UI–41a, 

Supplemental Report of Compensation, 

to obtain the additional information 

about service and compensation from 

railroad employers. Completion of the 

forms is mandatory. One response is 

required of each respondent. 

The RRB proposes minor non-burden 

impacting, editorial, and formatting 

changes to Form UI–41 and UI–41a. The 

completion time for Form UI–41 and 

UI–41a is estimated at 8 minutes per 

response. 

Additional Information or Comments: 

To request more information or to 

obtain a copy of the information 

collection justifications, forms, and/or 

supporting material, please call the RRB 

Clearance Officer at (312) 751–3363 or 

send an e-mail request to 

Charles.Mierzwa@RRB.GOV. Comments 

regarding the information collection 

should be addressed to Ronald J. 

Hodapp, Railroad Retirement Board, 844 

N. Rush Street, Chicago, Illinois 60611–

2092 or send an E-mail to 

Ronald.Hodapp@RRB.GOV. Comments 

should be received within 60 days of 

this notice. 

Charles Mierzwa, 

Clearance Officer 

[FR Doc. E7–4864 Filed 3–15–07; 8:45 am] 

BILLING CODE 7905–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–55436; File No. 4–429] 

Joint Industry Plan; Notice of 

Summary Effectiveness on a 

Temporary Basis of Joint Amendment 

No. 22 to the Plan for the Purpose of 

Creating and Operating an Intermarket 

Option Linkage Relating to Response 

Time for Certain Orders Sent Through 

the Linkage, and Notice of Filing of 

Such Amendment 

March 8, 2007. 

I. Introduction 

On February 2, 2007, February 15, 

2007, February 5, 2007, February 7, 

2007, January 30, 2007, and February 

13, 2007, the American Stock Exchange 

LLC (‘‘Amex’’), the Boston Stock 

Exchange, Inc. (‘‘BSE’’), the Chicago 

Board Options Exchange, Incorporated 

(‘‘CBOE’’), the International Securities 

Exchange, LLC (‘‘ISE’’), the NYSE Arca, 

Inc., and the Philadelphia Stock 

Exchange, Inc. (‘‘Phlx’’) (collectively, 

‘‘Participants’’), respectively, filed with 

the Securities and Exchange 

Commission (‘‘Commission’’) pursuant 

to Section 11A of the Securities 

Exchange Act of 1934 (‘‘Act’’) 1 and Rule 

608 thereunder 2 an amendment (‘‘Joint 

Amendment No. 22’’) to the Plan for the 

Purpose of Creating and Operating an 

Intermarket Option Linkage (‘‘Linkage 

Plan’’).3 In Joint Amendment No. 22, the 

Participants propose to reduce (i) The 

amount of time a member must wait 

after sending a Linkage Order 4 to a 

market before the member can trade 

through that market and (ii) the 

timeframe within which a Participant 

must respond to a Linkage Order after 

receipt of that Order. This order 

summarily puts into effect Joint 

Amendment No. 22 on a temporary 

basis not to exceed 120 days and solicits 

comment on Joint Amendment No. 22 

from interested persons.5

II. Description of the Proposed 

Amendment 

First, the purpose of Joint 

Amendment No. 22 is to reduce the 

amount of time a member must wait 

after sending a Linkage Order to a 

market before the member can trade 

through that market. The Participants 

propose to decrease this time period 

from 20 seconds to 5 seconds. 

Second, Joint Amendment No. 22 will 

also reduce the time frame in which a 

Participant must respond to a Linkage 

Order from 15 to 5 seconds after receipt 

of that Order. Because the Linkage is 

highly automated and a Participant 

should receive a response to a Linkage 

Order within seconds after it is sent, the 

Participants do not believe it is 

necessary to wait the current 15 seconds 

for such a response. In addition, 

especially in fast-moving markets like 

the options market, the Participants 

believe that amending the time period to 

5 seconds for the rejection of a P/A 


sroberts on PROD1PC70 with NOTICES
12640 Federal Register / Vol. 72, No. 51 / Friday, March 16, 2007 / Notices 

6See Section 2(16)(a) and (b) of the Linkage Plan, 

respectively. 

7 In summarily putting into effect this Joint 

Amendment No. 22, the Commission has 

considered its impact on efficiency, competition, 

and capital formation. 

8 15 U.S.C. 78k–1. 

9 17 CFR 242.608. 

10 15 U.S.C. 78k–1. 

11 17 CFR 242.608(b)(4). 

12 17 CFR 200.30–3(a)(29). 

Order or Principal Order 6 due to an 

untimely response will provide an 

opportunity for the transmittal of 

responses while also allowing a 

Participant’s members to execute orders 

on their own exchanges in a timely 

manner. 

III. Discussion 

After careful consideration, the 

Commission finds that the proposed 

amendment to the Linkage Plan is 

consistent with the requirements of the 

Act and the rules and regulations 

thereunder.7 Specifically, the 

Commission finds that the proposed 

amendment to the Linkage Plan is 

consistent with Section 11A of the Act 8

and Rule 608 thereunder 9 in that it is 

appropriate in the public interest, for 

the protection of investors and the 

maintenance of fair and orderly markets. 

Specifically, the Commission believes 

that reducing the time required by a 

Participant to respond to a Linkage 

Order and the amount of time a member 

sending a Linkage Order must wait 

before trading through a nonresponsive 

Participant should facilitate the more 

timely execution of orders across the 

options markets. In addition, the 

Commission finds that it is appropriate 

to summarily put into effect Joint 

Amendment No. 22 upon publication of 

this notice on a temporary basis for 120 

days. The Commission believes that 

such action is appropriate in the public 

interest, for the protection of investors 

and the maintenance of fair and orderly 

markets, because it will facilitate 

implementation of the Joint Amendment 

No. 22 in conjunction with the 

commencement of options penny 

quoting pilot program. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether proposed Joint 

Amendment No. 22 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 4–429 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 4–429. 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 proposed 

Joint Amendment No. 22 that are filed 

with the Commission, and all written 

communications relating to proposed 

Joint Amendment No. 22 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 filings also will be 

available for inspection and copying at 

the principal offices of the Amex, BSE, 

CBOE, ISE, NYSE Arca, and Phlx. 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 publicly available. All 

submissions should refer to File 

Number 4–429 and should be submitted 

on or before April 6, 2007. 

V. Conclusion 

It is therefore ordered, pursuant to 

Section 11A of the Act 10 and Rule 

608(b)(4) thereunder,11 that Joint 

Amendment No. 22 is summarily put 

into effect until July 16, 2007. 

For the Commission, by the Division of 

Market Regulation, pursuant to delegated 

authority.12

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E7–4783 Filed 3–15–07; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release Nos. 33–8786, 34–55456; File No. 

4–515] 

Roundtable on Interactive Data: 

Creating Interactive Data To Serve 

Investors 

AGENCY: Securities and Exchange 

Commission. 

ACTION: Notice of roundtable meeting. 

SUMMARY: On Monday, March 19, 2007, 

the Securities and Exchange 

Commission will hold a roundtable 

discussion on creating interactive data 

to serve investors. The event begins 

with remarks from SEC Chairman Cox 

and an address by Vanguard Group 

Chairman and CEO John J. Brennan on 

the use of interactive data by public 

companies and mutual funds to improve 

disclosure for individual investors. 

Following Mr. Brennan’s remarks, John 

W. White, Director of the Commission’s 

Division of Corporation Finance, will 

discuss the use of interactive data to 

create better disclosure documents. The 

roundtable will also feature a panel 

discussion on the benefits, including 

potential cost savings, of preparing 

financial reports using interactive data 

written in a computer language called 

XBRL. Panelists will include executives 

at public companies currently providing 

investors with interactive data on a test 

basis as part of the SEC’s voluntary 

filing program. The panel will be 

moderated by Chicago Sun-Times 

personal finance columnist Terry 

Savage. Richard Bennett, Chief 

Executive Officer of The Corporate 

Library, will provide closing remarks 

and discuss the significance of 

interactive data for corporate 

governance. 

The roundtable will take place at the 

Commission’s headquarters at 100 F 

Street, NE., Auditorium, Room L–002, 

Washington, DC at 10 a.m. The public 

is invited to observe the roundtable 

discussions. Seating is available on a 

first-come, first-serve basis. 

FOR FURTHER INFORMATION CONTACT: 

Brigitte Lippmann at (202) 551–3713. 

Dated: March 13, 2007. 

By the Commission. 

Nancy M. Morris, 

Secretary. 

[FR Doc. E7–4892 Filed 3–15–07; 8:45 am] 

BILLING CODE 8010–01–P 


sroberts on PROD1PC70 with NOTICES