57412 Federal Register / Vol. 65, No. 185 / Friday, September 22, 2000 / Notices

8 15 U.S.C. 78s(b)(2).

9 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. 78f(b).

4 15 U.S.C. 78f(b)(4).

5 15 U.S.C. 78s(b)(3)(A)(ii).

6 17 CFR 240.19b–4(f)(2). At the Exchange’s

request, the inadvertent citation to paragraph (e) of

Rule 19b–4 in the filing originally received by the

Commission on August 3, 2000, has been changed

to the correct citation—paragraph (f)(2). Telephone

conversation between Katherine Simmons, Vice

President and Associate General Counsel, ISE, and

Geoffrey Pemble, Attorney, Division of Market

Regulation, Commission, on September 15, 2000.

7 240 CFR 200.30–3(a)(12).

It is Therefore Ordered, pursuant to

section 19(b)(2) of the Act, 8 that the

proposed rule change (SR–Amex–00–

07) is hereby approved until March 12,

2001.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority. 9

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 00–24350 Filed 9–21–00; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 34–43298; File No. SR–ISE–

00–06]

Self-Regulatory Organizations; Notice

of Filing and Immediate Effectiveness

of Proposed Rule Change by the

International Securities Exchange LLC,

Relating to Equipment Rental Fees and

Annual Access Fee

September 15, 2000.

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 August 3,

2000, 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, II, and III below, which Items

have been prepared by the Exchange.

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 ISE proposes to adopt monthly

rental fees for computer equipment that

ISE supplies to its members. The ISE

also is clarifying that it applies its

existing annual access fee for

competitive and primary market makers

on a per membership basis.

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

ISE 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 ISE 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 rule change is to

adopt a monthly rental fee for computer

equipment ISE supplies to members that

enables members to communicate with

the Exchange. The Exchange is adopting

a monthly fee of $1,400 for members

that receive a cabinet (consisting of

various components) and $200 for

members that only receive a router from

the Exchange. These fees will be used to

cover the costs of the equipment to the

Exchange.

The ISE also is clarifying that the

annual access fee for primary and

competitive market makers currently

contained in its fee schedule is applied

on a per-membership basis. In the case

where a single member firm has

multiple ISE memberships, the annual

access fee is charged for each

membership. For example, if a single

member firm is both an electronic

access member and a competitive

market maker, the firm is subject to the

annual access fee for both memberships.

Also, if a firm owns multiple market

maker memberships, it is subject to an

annual access fee for each of those

memberships.

2. Statutory Basis

The ISE believes that the proposed

rule change is consistent with section

6(b) of the Act,3 in general, and furthers

the objectives of section 6(b)(4) of the

Act,4 in particular, in that it is designed

to provide for the equitable allocation of

reasonable dues, fees, and other charges

among ISE members and other persons

using its facilities.

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.

C. Self-Regulatory Organization’s

Statement on Comments on the

Proposed Rule Change Received From

Members, Participants, or Others

Written comments were neither

solicited nor received.

III. Date of Effectiveness of the

Proposed Rule Change and Timing for

Commission Action

Because the foregoing rule change

establishes or changes a due, fee, or

other charge imposed by the Exchange,

it has become effective pursuant to

section 19(b)(3)(A)(ii) of the Act 5 and

subparagraph (f)(2) of Rule 19b–4

thereunder.6 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 pubic

interest, for the protection of investors,

or otherwise in 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.

Persons making written submissions

should file six copies thereof with the

Secretary, Securities and Exchange

Commission, 450 Fifth Street, NW.,

Washington, DC 20549–0609. 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 at

the Commission’s Public Reference

Room. Copies of such filing will also be

available for inspection and copying at

the principal office of the Exchange. All

submissions should refer to the File No.

SR–ISE–00–06 and should be submitted

by October 13, 2000.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.7

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 00–24351 Filed 9–21–00; 8:45 am]

BILLING CODE 8010–01–M