27884 Federal Register / Vol. 72, No. 95 / Thursday, May 17, 2007 / Notices 

36 15 U.S.C. 78s(b)(7). 

37 15 U.S.C. 78s(b)(1). 

38 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3 17 CFR 240.17d–2. 

4See Securities Exchange Act Release No. 55367 

(February 27, 2007), 72 FR 9983 (March 6, 2007) 

(approving and declaring effective the 17d–2 

Agreement between ISE and NASD) (‘‘17d–2 

Order’’). 

5See 17d–2 Order, supra note 4. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

CME does not believe that this 

amendment will have an impact on 

competition, because it represents a 

technical change in reference to the 

security underlying the futures contract. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received from 

Members, Participants or Others 

Comments on the proposed rule 

change have not been solicited. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The foregoing proposed rule change 

has become effective pursuant to 

Section 19(b)(7) of the Act.36 Within 60 

days of the date of effectiveness of the 

proposed rule change, the Commission, 

after consultation with the CFTC, may 

summarily abrogate the proposed rule 

change and require that the proposed 

rule change be refiled in accordance 

with the provisions of Section 19(b)(1) 

of the Act.37

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 

No. SR–CME–2007–01 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 No. 

SR–CME–2007–01. 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 CME. 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 No. 

SR–CME–2007–01 and should be 

submitted on or before June 7, 2007. 

For the Commission, by the Division of 

Market Regulation, pursuant to delegated 

authority.38

Jill M. Peterson, 

Assistant Secretary. 

[FR Doc. E7–9501 Filed 5–16–07; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–55751; File No. SR–ISE–

2007–29] 

Self-Regulatory Organizations; 

International Securities Exchange, 

LLC; Notice of Filing and Immediate 

Effectiveness of Proposed Rule 

Change and Amendment No. 1 Thereto 

Relating to Conforming Certain Rules 

With Comparable NASD Rules 

May 11, 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 May 1, 

2007, the International Securities 

Exchange, LLC (‘‘ISE’’ 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 ISE. 

On May 8, 2007, the Exchange filed 

Amendment No. 1 to the proposed rule 

change. The Commission is publishing 

this notice to solicit comments on the 

proposed rule change, as amended, from 

interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Exchange proposes to amend 

certain ISE rules to conform them to the 

rules of the National Association of 

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

purposes of the Plan for the Allocation 

of Regulatory Responsibilities Pursuant 

to Rule 17d–23 under the Act entered 

into between the parties (‘‘17d–2 

Agreement’’).4 The text of the proposed 

rule change is available on the 

Exchange’s Web site (http:// 

www.iseoptions.com), at 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 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 Exchange proposes to amend 

certain ISE rules to conform them to the 

rules of the NASD for purposes of the 

17d–2 Agreement between the parties 

and the related certification by the 

Exchange which states that the 

requirements contained in certain ISE 

rules are identical to, or substantially 

similar to, certain NASD rules that have 

been identified as comparable.5

Specifically, the Exchange proposes to 

amend Rules 604, 624, 626, and 1407. 

The Exchange proposes to amend ISE 

Rule 604, ‘‘Continuing Education for 

Registered Persons,’’ to remove the 

provision that exempts certain 

registered persons from the continuing 

education requirements if they have 

been continuously registered for ten (10) 

years as of July 1, 1998 and have not 

been the subject of a disciplinary action 


pwalker on PROD1PC71 with NOTICES
Federal Register / Vol. 72, No. 95 / Thursday, May 17, 2007 / Notices 27885 

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

7 15 U.S.C. 78s(b)(3)(A). 

8 17 CFR 240.19b–4(f)(6). As required by Rule 

19b-4(f)(6)(iii) under the Act, the Exchange also 

provided with the Commission with 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 the proposed rule change. 

9For purposes only of waiving the 30-day 

operative delay, the Commission has considered the 

proposed rule’s impact on efficiency, competition, 

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

10For purposes of calculating the 60-day 

abrogation period, the Commission considers the 

proposed rule change to have been filed on May 8, 

2007, the date the ISE filed Amendment No. 1. 11 17 CFR 200.30–3(a)(12). 

during the last ten (10) years so that it 

is consistent with NASD Rule 1120, 

‘‘Continuing Education Requirements.’’

The Exchange proposes to amend ISE 

Rule 624, ‘‘Brokers’ Blanket Bonds,’’ by 

changing the number of days to make 

necessary adjustments to the minimum 

coverage from thirty (30) days to sixty 

(60) days following the anniversary to 

mirror the requirements in NASD Rule 

3020, ‘‘Fidelity Bonds.’’

The Exchange proposes to amend ISE 

Rule 626, ‘‘Telephone Solicitation,’’ by 

changing the number of months from 

twelve (12) to eighteen (18) that an 

associated person must be servicing an 

account to establish such account as a 

‘‘customer account’’ for the purpose of 

being exempt from the call restrictions 

set forth in the rule. This amendment 

will mirror the requirements set forth in 

NASD Rule 2212, ‘‘Telemarketing.’’

The Exchange proposes to amend ISE 

Rule 1407, ‘‘Short Sales in Nasdaq 

National Market Securities,’’ to change 

the cross-reference in the rule from 

NASD 3350 to NASD Rule 5100 to 

reflect the recent numbering change. 

2. Statutory Basis 

The basis under the Act for this 

proposed rule change is found in 

Section 6(b)(5).6 Specifically, the 

Exchange believes the proposed rule 

change is consistent with Section 6(b)(5) 

requirements that the rules of an 

exchange be designed to promote just 

and equitable principles of trade, serve 

to remove impediments to and perfect 

the mechanism for a free and open 

market and a national market system, 

and, in general, to protect investors and 

the public interest. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The proposed rule change does not 

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 

The Exchange has not solicited, and 

does not intend to solicit, comments on 

this proposed rule change. The 

Exchange has not received any 

unsolicited written comments from 

members or other interested parties. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Because the proposed rule change: (1) 

Does not significantly affect the 

protection of investors or the public 

interest; (2) does not impose any 

significant burden on competition; and 

(3) does not become operative for 30 

days after the date of the 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 7 and Rule 19b–

4(f)(6) thereunder.8

The Exchange has asked the 

Commission to waive the 30-day 

operative delay and allow the proposed 

rule change to become operative 

immediately. The Commission hereby 

grants that request.9 The Commission 

believes that it is consistent with the 

protection of investors and the public 

interest to waive the 30-day operative 

delay so that the ISE may immediately 

conform its rules to the NASD’s rules to 

facilitate the effectiveness of the 17d–2 

Agreement recently approved by the 

Commission. 

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 furtherance of the 

purposes of the Act.10

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–ISE–2007–29 on the subject 

line. 

Paper Comments 

• Send paper comments in triplicate 

to Nancy M. Morris, Secretary, 

Securities and Exchange Commission, 

Station Place, 100 F Street, NE., 

Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–ISE–2007–29. 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 the ISE. 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–ISE–2007–29 and should be 

submitted on or before June 7, 2007. 

For the Commission, by the Division of 

Market Regulation, pursuant to delegated 

authority.11

Jill M. Peterson, 

Assistant Secretary. 

[FR Doc. E7–9500 Filed 5–16–07; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–55739; File No. SR–

NASDAQ–2007–049] 

Self-Regulatory Organizations; The 

NASDAQ Stock Market LLC; Notice of 

Filing and Order Granting Accelerated 

Approval of Proposed Rule Change To 

Trade Shares of the PowerShares DB 

G10 Currency Harvest Fund Pursuant 

to Unlisted Trading Privileges 

May 10, 2007. 

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

Securities Exchange Act of 1934 


pwalker on PROD1PC71 with NOTICES