Federal Register / Vol. 72, No. 53 / Tuesday, March 20, 2007 / Notices 13155 

20 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 55215 

(January 31, 2007), 72 FR 5783 (February 7, 2007). 

4See NYSE Arca Rule 1.1(q). 

5See NYSE Arca Rule 1.1(r). 

6See Securities Exchange Act Release No. 54238 

(July 28, 2006), 71 FR 44758 (August 7, 2006) (SR–

NYSEArca–2006–13). 

7 In approving this proposed rule change, the 

Commission has considered the proposed rule’s 

impact on efficiency, competition, and capital 

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

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–NASD–2007–013. 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 NASD. 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–NASD–2007–013 and 

should be submitted on or before April 

10, 2007. 

For the Commission, by the Division of 

Market Regulation, pursuant to delegated 

authority.20

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E7–4973 Filed 3–19–07; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–55446; File No. SR–

NYSEArca-2006–51] 

Self-Regulatory Organizations; NYSE 

Arca, Inc.; Order Granting Approval of 

Proposed Rule Change Relating to 

Amendments to Registration Rules of 

NYSE Arca, Inc 

March 12, 2007. 

I. Introduction 

On November 14, 2006, NYSE Arca, 

Inc. (‘‘NYSE Arca’’ or ‘‘Exchange’’) filed 

with the Securities and Exchange 

Commission (‘‘Commission’’) pursuant 

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

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

19b–4 thereunder,2 a proposed rule 

change relating to amendments to 

registration rules of the Exchange. NYSE 

Arca filed Amendment No. 1 to the 

proposed rule change on January 12, 

2007. The proposed rule change, as 

amended, was published for comment 

in the Federal Register on February 7, 

2007.3 The Commission received no 

comments on the proposal. This order 

approves the proposed rule change, as 

amended. 

II. Description of the Proposal 

The Exchange proposed to amend 

certain NYSE Arca Rules governing 

registration procedures and ongoing 

compliance obligations for Options 

Trading Permit (‘‘OTP’’) Holders 4 and 

employees of OTP Firms 5 in order to (i) 

clarify registration procedures and make 

them consistent with the procedures of 

other self-regulatory organizations 

(‘‘SROs’’) and with the operation of the 

Central Registration Depository (‘‘CRD’’) 

system maintained by the National 

Association of Securities Dealers, Inc. 

(‘‘NASD’’) and (ii) include an additional 

registration category in connection with 

the Exchange’s new options trading 

platform, OX.6

Specifically, the Exchange proposed 

to amend Rule 2.5(b)(10)(A) to provide 

for a new category, the Market Maker 

Authorized Trader, for individuals who 

perform market making activity on 

behalf of an OTP Firm on the OX 

trading facility. The amendment to that 

Rule also includes certain exceptions to 

the examination requirements. The 

Exchange also proposed to amend Rule 

2.5(c), its waiver standards, so that the 

Exchange’s practices are generally 

consistent with the criterion in NASD 

Rule 1070(d) and Supplementary 

Material .15(1)(b) to NYSE Rule 345. 

The Exchange also proposed to amend 

Rule 2.23 to provide manual registration 

procedures for registration categories 

(e.g., floor clerk) for which CRD does 

not provide electronic registration. In 

addition, the Exchange is consolidating 

its continuing education requirements 

in paragraph (d) of Rule 2.23 and 

deleting the continuing education 

requirements in Rule 9.27(c) and (d) to 

avoid needless repetition and risk of 

inconsistencies. Finally, the Exchange 

proposes to amend Rules 6.33 and 

6.34A(b)(2) to require Market Maker and 

Market Maker Authorized Trader 

applicants who have previously 

successfully completed the required 

examination but who have not been 

registered with the Exchange for six 

months or more to complete an 

orientation program prescribed by the 

Exchange. 

III. Discussion and Commission 

Findings 

The Commission has reviewed 

carefully the proposed rule change and 

finds that it is consistent with the 

requirements of the Act and the rules 

and regulations thereunder applicable to 

a national securities exchange.7 In 

particular, the Commission finds that 

the proposed rule change is consistent 

with Section 6(b)(5) of the Act,8 which, 

among other things, requires that the 

rules of a national securities exchange 

be designed to promote just and 

equitable principles of trade, to foster 

cooperation and coordination with 

persons engaged in regulating 

transactions in securities, to remove 

impediments to and perfect the 

mechanism of a free and open market 

and a national market system and, in 

general, to protect investors and the 

public interest. 

The Commission believes that 

clarifying the registration procedures 

and ongoing compliance obligations and 

making the registration procedures 

consistent with the procedures of the 

other SROs will benefit OTP Holders 

and employees of OTP Firms by making 

the registration process easier and more 

efficient. Furthermore, amending 

Exchange rules to be generally 

consistent with the rules of other SROs, 

market practices, and the operation of 


pwalker on PROD1PC71 with NOTICES
13156 Federal Register / Vol. 72, No. 53 / Tuesday, March 20, 2007 / Notices 

9 15 U.S.C. 78s(b)(2). 

10 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 55214 

(January 31, 2007), 72 FR 5780 (February 7, 2007). 

4See NYSE Arca Equities Rule 1.1(n). 

5 In approving this proposed rule change, the 

Commission has considered the proposed rule’s 

impact on efficiency, competition, and capital 

formation. See 15 U.S.C. 78c(f). 

6 15 U.S.C. 78f(b)(5). 

7 15 U.S.C. 78s(b)(2). 

8 17 CFR 200.30–3(a)(12). 

the CRD should help simplify the 

procedures and administrative matters 

for OTP Holders and employees of OTP 

Firms. Finally, the Commission believes 

that requiring Market Makers and 

Market Maker Authorized Traders to 

attend an orientation session when such 

persons have not been employed in 

those capacities for six months or more 

will be beneficial to those persons, the 

Exchange, and the investing public. 

IV. Conclusion 

It is therefore ordered, pursuant to 

Section 19(b)(2) of the Act,9 that the 

proposed rule change (SR–NYSEArca2006–51), as amended, be, and hereby 

is, approved. 

For the Commission, by the Division of 

Market Regulation, pursuant to delegated 

authority.10

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E7–4974 Filed 3–19–07; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–55447; File No. SR–

NYSEArca–2006–50] 

Self-Regulatory Organizations; NYSE 

Arca, Inc.; Order Granting Approval of 

Proposed Rule Change Relating to 

Amendments to Registration Rules of 

NYSE Arca Equities, Inc. 

March 12, 2007. 

I. Introduction 

On November 14, 2006, NYSE Arca, 

Inc. (‘‘NYSE Arca’’ or ‘‘Exchange’’), 

through its wholly owned subsidiary 

NYSE Arca Equities, Inc. (‘‘NYSE Arca 

Equities’’ or ‘‘Corporation’’), filed with 

the Securities and Exchange 

Commission (‘‘Commission’’) pursuant 

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

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

19b–4 thereunder,2 a proposed rule 

change relating to amendments to 

registration rules of the Corporation. 

NYSE Arca filed Amendment No. 1 to 

the proposed rule change on January 12, 

2007. The proposed rule change, as 

amended, was published for comment 

in the Federal Register on February 7, 

2007.3 The Commission received no 

comments on the proposal. This order 

approves the proposed rule change, as 

amended. 

II. Description of the Proposal 

The Exchange, through its wholly 

owned subsidiary NYSE Arca Equities, 

proposed to amend certain NYSE Arca 

Equities Rules governing registration 

procedures and ongoing compliance 

obligations for Equity Trading Permit 

(‘‘ETP’’) Holders 4 and their registered 

persons in order to clarify registration 

procedures and make them consistent 

with the procedures of other selfregulatory organizations (‘‘SROs’’) and 

with the operation of the Central 

Registration Depository (‘‘CRD’’) system 

maintained by the National Association 

of Securities Dealers, Inc. (‘‘NASD’’). 

Specifically, the Exchange proposed 

to amend Rule 2.4(c), its waiver 

standards, so that the Exchange’s 

practices are generally consistent with 

the criterion in NASD Rule 1070(d) and 

Supplementary Material .15(1)(b) to 

NYSE Rule 345. The Exchange also 

proposed to amend Rule 2.21 to provide 

manual registration procedures for 

registration categories (e.g., floor clerk) 

for which CRD does not provide 

electronic registration. In addition, the 

Exchange is consolidating its continuing 

education requirements in Rule 2.21(d) 

and deleting the continuing education 

requirements in Rule 9.27(c) and (d) to 

avoid needless repetition and risk of 

inconsistencies. 

III. Discussion and Commission 

Findings 

The Commission has reviewed 

carefully the proposed rule change and 

finds that it is consistent with the 

requirements of the Act and the rules 

and regulations thereunder applicable to 

a national securities exchange.5 In 

particular, the Commission finds that 

the proposed rule change is consistent 

with Section 6(b)(5) of the Act,6 which, 

among other things, requires that the 

rules of a national securities exchange 

be designed to promote just and 

equitable principles of trade, to foster 

cooperation and coordination with 

persons engaged in regulating 

transactions in securities, to remove 

impediments to and perfect the 

mechanism of a free and open market 

and a national market system and, in 

general, to protect investors and the 

public interest. 

The Commission believes that 

clarifying the registration procedures 

and ongoing compliance obligations and 

making the registration procedures 

consistent with the procedures of the 

other SROs will benefit ETP Holders 

and their registered persons by making 

the registration process easier and more 

efficient. Furthermore, amending 

Exchange rules to be generally 

consistent with other SROs’ rules, 

market practices, and the operation of 

the CRD should help simplify such 

procedures and administrative matters 

for ETP Holders and their registered 

persons. 

IV. Conclusion 

It is therefore ordered, pursuant to 

Section 19(b)(2) of the Act,7 that the 

proposed rule change (SR–NYSEArca–

2006–50), as modified by Amendment 

No. 1, be, and hereby is, approved. 

For the Commission, by the Division of 

Market Regulation, pursuant to delegated 

authority.8

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E7–4975 Filed 3–19–07; 8:45 am] 

BILLING CODE 8010–01–P 

DEPARTMENT OF STATE 

[Public Notice 5725] 

International Security Advisory Board 

(ISAB) Meeting Notice; Closed Meeting 

In accordance with section 10(a)(2) of 

the Federal Advisory Committee Act, 5 

U.S.C. app 2 § 10(a)(2), the Department 

of State announces a meeting of the 

International Security Advisory Board 

(ISAB) to take place on April 25, 2007, 

at the Department of State, Washington, 

DC. 

Pursuant to section 10(d) of the 

Federal Advisory Committee Act, 5 

U.S.C. app 2 § 10(d), and 5 U.S.C. 

552b(c)(1), it has been determined that 

this Board meeting will be closed to the 

public in the interest of national defense 

and foreign policy because the Board 

will be reviewing and discussing 

matters classified in accordance with 

Executive Order 12958. 

The purpose of the ISAB is to provide 

the Department with a continuing 

source of independent advice on all 

aspects of arms control, disarmament 

and international security, and related 

aspects of public diplomacy. The 

agenda for this meeting includes 

classified discussions related to the 

Board’s ongoing studies on current U.S. 

policy and issues regarding nuclear 

proliferation, space policy, and related 

aspects of public diplomacy. 


pwalker on PROD1PC71 with NOTICES