26756 Federal Register / Vol. 60, No. 96 / Thursday, May 18, 1995 / Notices

12 17 CFR 200.30–3(a)(12).

originating from on or off-floor, the

same way for margin purposes,

extending limited market maker

treatment.

Lastly, Advice C–3 is proposed to be

amended to incorporate this extension

of specialist margin treatment into the

advice enumerating Floor Broker

responsibilities. Specifically, Floor

Brokers would be required to mark floor

tickets where an ROT has indicated that

the order is for his market maker

account with the letter ‘‘P’’. A fine for

violations would be administered

pursuant to the Exchange’s minor rule

plan. The Exchange believes that this

should assist its surveillance efforts

respecting market maker margin for offfloor orders.

The Phlx believes that the proposed

rule change is consistent with Section 6

of the Act in general, and in particular,

with Section 6(b)(5), in that it is

designed to promote just and equitable

principles of trade and to protect

investors and the public interest.

Specifically, the Phlx believes that the

proposal should increase the extent to

which ROT trades contribute to

liquidity and to the maintenance of the

fair and orderly market on the Exchange

by providing for a greater degree of inperson trading by ROTs and by enabling

such ROTs to better manage the risk of

their market making activities. Likewise,

the Phlx believes that the corresponding

amendments to Phlx advices are

intended to incorporate specialist

margin treatment for off-floor orders

into the provisions governing trading

requirements, ROTs entering orders, and

Floor Broker responsibilities, consistent

with Section 6(b)(5).

(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

No written comments were solicited

or received with respect to the proposed

rule change.

III. Date of Effectiveness of the

Proposed Rule Change and Timing for

Commission Action

Within 35 days of the date of

publication of this notice in the Federal

Register or within such longer period (i)

as the Commission may designate up to

90 days of such date if it finds such

longer period to be appropriate and

publishes its reasons for so finding or

(ii) as to which the Phlx consents, the

Commission will:

(A) By order approve such proposed

rule change, or

(B) Institute proceedings to determine

whether the proposed rule change

should be disapproved.

IV. Solicitation of Comments

Interested persons are invited to

submit written data, views and

arguments concerning the foregoing.

Persons making written submissions

should file six copies thereof with the

Secretary, Securities and Exchange

Commission, 450 Fifth Street NW.,

Washington, D.C. 20549. 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

Section, 450 Fifth Street NW.,

Washington, D.C. 20549. Copies of such

filing will also be available for

inspection and copying at the principal

office of the Phlx. All submissions

should refer to File No. SR–Phlx–95–14

and should be submitted by June 8,

1995.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.12

[FR Doc. 95–12259 Filed 5–17–95; 8:45 am]

BILLING CODE 8010–01–M

[File No. 1–11254]

Issuer Delisting; Notice of Application

to Withdraw From Listing and

Registration; (Vermont Pure Holdings,

Ltd., Common Stock, $.001 Par Value)

May 12, 1995.

Vermont Pure Holdings, Ltd.

(‘‘Company’’) has filed an application

with the Securities and Exchange

Commission (‘‘Commission’’), pursuant

to Section 12(d) of the Securities

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

12d2–2(d) promulgated thereunder, to

withdraw the above specified security

(‘‘Security’’) from listing and

registration on the Boston Stock

Exchange, Inc. (‘‘BSE’’).

The reasons alleged in the application

for withdrawing this Security from

listing and registration on the Boston

Stock Exchange, Inc. (‘‘BSE’’).

The reasons alleged in the application

for withdrawing this Security from

listing and registration include the

following:

According to the Company, the

Company originally decided to list the

Security on the BSE in connection with

the initial public offering by the

Company of the Security. The decision

to list on the BSE at that time was based

on the Company’s desire to expedite the

formation of an active public market for

the Security. However, the Board of

Directors has determined that the

Company should now withdraw its

Security from listing on the BSE. This

decision is based on the limited and

sporadic trading activity of the Security

on the BSE since the date the Security

was first listed. The Company’s primary

trading market has been and continues

to be the Nasdaq SmallCap Market. The

Company believes that the benefits of

remaining listed on the BSE do not

outweigh the costs involved in

maintaining such listing, since the

Nasdaq SmallCap Market represents the

primary trading market for the Security.

Any interested person may, on or

before June 5, 1995 submit by letter to

the Secretary of the Securities and

Exchange Commission, 450 Fifth Street,

N.W., Washington, D.C. 20549, facts

bearing upon whether the application

has been made in accordance with the

rules of the exchange and what terms,

if any, should be imposed by the

Commission for the protection of

investors. The Commission, based on

the information submitted to it, will

issue an order granting the application

after the date mentioned above, unless

the Commission determines to order a

hearing on the matter.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.

Jonathan G. Katz,

Secretary.

[FR Doc. 95–12187 Filed 5–17–95; 8:45 am]

BILLING CODE 8010–01–M

DEPARTMENT OF STATE

[Public Notice 2209]

United States International

Telecommunications Advisory

Committee; Standardization Sector

(ITAC–T) Study Group; Meeting Notice

The Department of State announces

that the United States International

Telecommunications Advisory

Committee Standardization Sector

(ITAC–T) Study Group (formerly the

USNC) will meet on June 6, 1995, 9:30

a.m. to 3 p.m., room 1207 at the U.S.