14636 Federal Register / Vol. 72, No. 59 / Wednesday, March 28, 2007 / Notices 

56 15 U.S.C. 78s(b)(2). 

57 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

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

4 17 CFR 240.19b–4(f)(6). 

5See Securities Exchange Act Release No. 54989 

(December 21, 2006), 71 FR 78506 (December 29, 

2006) (approving File No. SR-Phlx-2006–34). 

6Currently, the Thomson spot prices are based on 

the bid/ask prices supplied to its agent Tenfore 

System Ltd. (‘‘Tenfore’’) by contributors reporting to 

Tenfore. Tenfore contributors comprise 19 different 

banks, brokers and FX real time dealing portals. 

Contributors provide bid/ask prices to Tenfore 

which, in turn, forwards them to Thomson upon 

receipt. Thomson forwards those bid/ask prices to 

Phlx upon receipt from Tenfore. At any given time 

the Thomson spot rate consists of the most current 

bid/ask prices provided by any contributor to 

Tenfore and forwarded by Tenfore to Thomson. 

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

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

9 15 U.S.C. 78s(b)(3)(A). 

10 17 CFR 240.19b–4(f)(6). 

11 17 CFR 240.19b–4(f)(6)(iii). In addition, Rule 

19b–4(f)(6)(iii) requires that a self-regulatory 

organization submit to the Commission written 

notice of its intent to file the proposed rule change, 

along with a brief description and text of the 

proposed rule change, at least five business days 

prior to the date of filing of the proposed rule 

change, or such shorter time as designated by the 

Commission. Phlx has satisfied the five-day prefiling requirement. 

12 Id. 

VII. Conclusion 

It is therefore ordered, pursuant to 

Section 19(b)(2) of the Exchange Act,56

that the proposed rule change (SR–

NYSE–2006–37), as amended, be, and it 

hereby is, approved on an accelerated 

basis. 

For the Commission, by the Division of 

Market Regulation, pursuant to delegated 

authority.57

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E7–5610 Filed 3–27–07; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–55513; File No. SR–Phlx–

2007–28] 

Self-Regulatory Organizations; 

Philadelphia Stock Exchange, Inc.; 

Notice of Filing and Immediate 

Effectiveness of a Proposed Rule 

Change Relating to the Dissemination 

of Currency Spot Values 

March 22, 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 March 22, 

2007, the Philadelphia Stock Exchange, 

Inc. (‘‘Phlx’’ 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 prepared by the Exchange. The 

Exchange filed the proposed rule change 

as a ‘‘non-controversial’’ proposed rule 

change pursuant to Section 19(b)(3)(A) 3

of the Act and Rule 19b–4(f)(6) 

thereunder,4 which renders the proposal 

effective upon filing with the 

Commission. The Commission is 

publishing this notice to solicit 

comments on the proposed rule change 

from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Phlx proposes to disseminate a 

modified spot rate for its U.S. dollarsettled foreign currency options 

(‘‘FCOs’’). The text of the proposed rule 

change is available on the Phlx’s Web 

site (http://www.phlx.com), at the 

principal office of Phlx, 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. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The purpose of the proposed rule 

change is to permit the Exchange to 

disseminate over the facilities of the 

Consolidated Tape Association a 

modified spot rate for U.S. dollar-settled 

FCOs on the British pound and the euro, 

which the Exchange has listed since 

January 8, 2007.5

The modified spot rate will be 

calculated by the Exchange, based on 

spot prices (bids and asks) it receives 

from Thomson Financial LLC 

(‘‘Thomson’’).6 For each currency, the 

Exchange will determine the midpoint 

between the bid and the ask and will 

modify that rate by multiplying it by 

100. For example, if 1.3200 U.S. dollars 

buys 1 euro, a modifier of 100 would be 

used so that the modified spot rate 

would become 132.00. If 1.3358 U.S. 

dollars buys 1 euro, the modified spot 

rate, using the same 100 modifier, 

would become 133.58. This proposed 

rule change is merely for purposes of 

dissemination of the modified spot rate 

over the facilities of the Consolidated 

Tape Association and does not amend 

or affect the Exchange’s existing rules 

governing U.S. dollar-settled FCOs. 

2. Statutory Basis 

The Exchange believes that its 

proposal is consistent with Section 6(b) 

of the Act 7 in general, and furthers the 

objectives of Section 6(b)(5) of the Act 8

in particular, in that it is designed to 

promote just and equitable principles of 

trade, 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, by 

providing investors in U.S. dollarsettled FCOs the ability to more easily 

track the value of the underlying 

currencies in the spot market and 

therefore make informed trading 

decisions. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange 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 

No written comments were either 

solicited or received. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Because the proposed rule change 

does not: (i) Significantly affect the 

protection of investors or the public 

interest; (ii) impose any significant 

burden on competition; and (iii) become 

operative for 30 days after the date of 

filing (or such shorter time as the 

Commission may designate if consistent 

with the protection of investors and the 

public interest), the proposed rule 

change has become effective pursuant to 

Section 19(b)(3)(A) of the Act 9 and 

subparagraph (f)(6) of Rule 19b–4 

thereunder.10

A proposed rule change filed under 

Rule 19b–4(f)(6) normally may not 

become operative prior to 30 days after 

the date of filing.11 However, Rule 19b–

4(f)(6)(iii) 12 permits the Commission to 

designate a shorter time if such action 

is consistent with the protection of 


sroberts on PROD1PC70 with NOTICES
Federal Register / Vol. 72, No. 59 / Wednesday, March 28, 2007 / Notices 14637 

13For purposes only of waiving the operative 

delay for this proposal, the Commission has 

considered the proposed rule’s impact on 

efficiency, competition, and capital formation. 15 

U.S.C. 78c(f). 14 17 CFR 200.30–3(a)(12). 

investors and the public interest. Phlx 

has requested that the Commission 

waive the 30-day operative delay. The 

Commission believes that waiving the 

30-day operative delay is consistent 

with the protection of investors and the 

public interest because such waiver 

would permit the Exchange to 

immediately begin disseminating a 

modified spot rate, which would give 

investors another means to track the 

value of the currencies underlying the 

FCOs. For these reasons, the 

Commission designates the proposal to 

be operative upon filing with the 

Commission.13

At any time within 60 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 the furtherance of the 

purposes of the Act. 

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–Phlx–2007–28 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–Phlx–2007–28. 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 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 available publicly. All 

submissions should refer to File 

Number SR–Phlx–2007–28 and should 

be submitted on or before April 18, 

2007. 

For the Commission, by the Division of 

Market Regulation, pursuant to delegated 

authority.14

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E7–5638 Filed 3–27–07; 8:45 am] 

BILLING CODE 8010–01–P 

DEPARTMENT OF STATE 

[Public Notice 5732] 

Culturally Significant Object Imported 

for Exhibition; Determinations: 

‘‘Poussin and Nature’’

Summary: Notice is hereby given of 

the following determinations: Pursuant 

to the authority vested in me by the Act 

of October 19, 1965 (79 Stat. 985; 22 

U.S.C. 2459), Executive Order 12047 of 

March 27, 1978, the Foreign Affairs 

Reform and Restructuring Act of 1998 

(112 Stat. 2681, et seq.; 22 U.S.C. 6501 

note, et seq.), Delegation of Authority 

No. 234 of October 1, 1999, Delegation 

of Authority No. 236 of October 19, 

1999, as amended, and Delegation of 

Authority No. 257 of April 15, 2003 [68 

FR 19875], I hereby determine that the 

object, Nicolas Pouissin’s Landscape 

with Saint Francis, to be included in the 

exhibition ‘‘Poussin and Nature’’, 

imported from abroad for temporary 

exhibition within the United States, is 

of cultural significance. The object is 

imported pursuant to a loan agreement 

with the foreign owner or custodian. I 

also determine that the exhibition or 

display of the exhibit object at The 

Metropolitan Museum of Art, New York, 

New York, from on or about February 

12, 2008, until on or about May 11, 

2008, and at possible additional venues 

yet to be determined, is in the national 

interest. Public Notice of these 

Determinations is ordered to be 

published in the Federal Register. 

For Further Information Contact: For 

further information, including a list of 

the exhibit object, contact Wolodymyr 

Sulzynsky, Attorney-Adviser, Office of 

the Legal Adviser, U.S. Department of 

State (telephone: (202) 453–8050). The 

address is U.S. Department of State, SA–

44, 301 4th Street, SW., Room 700, 

Washington, DC 20547–0001. 

Dated: March 22, 2007. 

C. Miller Crouch, 

Principal Deputy Assistant Secretary for 

Educational and Cultural Affairs, Department 

of State. 

[FR Doc. E7–5684 Filed 3–27–07; 8:45 am] 

BILLING CODE 4710–05–P 

DEPARTMENT OF STATE 

[Public Notice 5731] 

Paul Simon Water for the Poor Act 

2005: Comment Submission on 2006 

Report 

The U.S. Department of State’s Bureau 

of Oceans and International 

Environmental and Scientific Affairs is 

inviting interested groups and 

individuals to submit comments on the 

2006 Report to Congress mandated by 

the ‘‘Paul Simon Water for the Poor Act 

of 2005’’. (The Report can be viewed or 

downloaded at http://www.state.gov/g/ 

oes/water.) These comments, as part of 

the State Department’s continuing 

outreach to the greater community of 

water stakeholders, will be incorporated 

into our evaluation of last year’s report 

and will help build the base of our 

thinking on the 2007 report. 

The Paul Simon Water for the Poor 

Act of 2005 (HR 1973/PL–109–121) 

requires the Department of State with 

the U.S. Agency for International 

Development to develop and implement 

a strategy to further U.S. foreign 

assistance objectives to provide 

affordable and equitable access to safe 

water and sanitation in developing 

countries. The Act directs that the 

strategy be developed in consultation 

with ‘‘other appropriate Federal 

departments and agencies, international 

organizations, international financial 

institutions, recipient governments, 

United States and international 

nongovernmental organizations, 

indigenous civil society and other 

appropriate entities.’’

Interested parties are invited to 

submit their written comments to Mr. 

Douglas McPherson, U.S. Department of 

State, OES/PCI Room 2726, 2201 C 


sroberts on PROD1PC70 with NOTICES