31960 Federal Register / Vol. 66, No. 114 / Wednesday, June 13, 2001 / Notices

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

2 17 CFR 240.19b–4.

3 17 CFR 240.11 Ac1–5.

4 Generally, the Rule seeks to improve the ability

of public investors to evaluate how their orders are

handled after being submitted to a broker-dealer for

execution. The Rule requires market centers that

trade national market system securities to prepare

and make publicly available standardized, monthly

reports containing statistical information

concerning the handling and execution of their

covered orders. To facilitate cross-market

comparisons, the Rule established and defines

uniform measures to execution quality, including

effective spread, rate of price improvement and

disimprovement, fill rate, and execution speed.

of securities issued by Securities

Affiliates. Subadvisers may consult with

the Adviser in order to monitor

regulatory compliance, including

compliance with the limits of rule

12d3–1.

4. No Affiliated Subadviser will

participate in any arrangement whereby

the amount of its subadvisory fees will

be affected by the investment

performance of an Unaffiliated

Subadviser.

5. With respect to purchases of

securities by an Affiliated Segment of a

Select Fund during the existence of any

underwriting or selling syndicate, a

principal underwriter of which is an

Affiliated Underwriter, the conditions of

rule 10f–3 under the Act will be

satisfied except that paragraph (b)(7)

will not require the aggregation of

purchases by the Affiliated Segment of

the Select Fund with purchases by an

Unaffiliated Segment.

6. Each Select Fund will comply with

rule 12d3–1, except paragraph (c) of that

rule solely with respect to purchases by

an Unaffiliated Segment of a Select

Fund of securities issued by a Securities

Affiliate that would be prohibited by

rule 12d3–1 solely because the

Securities Affiliates is an Affiliated

Subadviser, or an affiliated person of an

Affiliated Subadviser to an Affiliated

Segment of the Select Fund.

D. The Transfer

1. The Transfer will comply with rule

17a–7(b) through (f) and any relevant

Commission staff no-action positions.

2. The Transfer will not occur unless

and until the Board, including a

majority of the Disinterested Trustees,

finds that participation by each Select

Fund and each Blended Fund in the

Transfer is in the best interest of each

Select Fund and each Blended Fund

and their shareholders and that the

interests of any existing shareholders of

each Select Fund and each Blended

Fund will not be diluted as a result of

the Transfer. These findings, and the

basis upon which they are made, will be

recorded in the minute books of the

Trust.

For the Commission, by the Division of

Investment Management, under delegated

authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 01–14872 Filed 6–12–01; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 34–44392; File No. SR–CHX–

2001–12]

Self-Regulatory Organizations; Notice

of Filing and Immediate Effectiveness

of Proposed Rule Change by the

Chicago Stock Exchange, Inc.

Amending Its Membership Dues and

Fees Schedule

June 6, 2001.

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 24,

2001, the Chicago Stock Exchange, Inc.

(‘‘CHX’’ or ‘‘Exchange’’) filed with the

Securities and Exchange Commission

(‘‘SEC’’ or ‘‘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 CHX proposes to amend its

membership dues and fees schedule (the

‘‘Schedule’’), effective June 1, 2001, to

begin rebilling member firms for

execution quality reports prepared by

third parties pursuant to Rule 11 Ac1–

5 3 (the ‘‘Rule’’) under the Act and to

increase the earned credits available

through the specialist credit program.

Below is the text of the proposed rule

change; proposed additions are

italicized and proposed deletions are

[bracketed].

* * * * *

MEMBERSHIP DUES AND FEES

* * * * *

H. Equipment, Information Services and

Technology Charges

* * * * *

Execution quality reports prepared by

third parties

Rebilled at cost.

* * * * *

M. Credits

1. Specialist Credits

Total monthly fees owed by a

specialist to the Exchange will be

reduced (and specialists will be paid

each month for any unused credits [but

to no less than zero]) by the application

of the following credits:

* * * * *

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

CHX 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 CHX 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 proposed rule change amends the

Schedule in two ways. First, the

proposal would assess a new fee that

reimburses the Exchange for its cost in

procuring execution quality reports

pursuant to the Rule 4 that are prepared

by third parties. The Exchange currently

is compiling and making public, at no

cost to its member firms, the data

required by the Rule. From time to time,

however, the Exchange contracts with

third parties to provide separate

execution quality reports for its member

firms. Through this proposal, the

Exchange proposes to pass the cost of

these reports on to the members that

receive them.

Second, the proposed rule change

would revise the specialist credit

program to provide that the Exchange

will pay specialists for any unused

credits that they earn each month. The

CHX represents that this credit program

is designed to stimulate growth on the

Exchange, exchange the competitive

capability of specialist firms, and foster

cooperation on the Exchange’s trading

floor by rewarding specialists for their

work to increase Exchange revenue.

Federal Register / Vol. 66, No. 114 / Wednesday, June 13, 2001 / Notices 31961

5 15 U.S.C. 78f(b)(4).

6 15 U.S.C. 78s(b)(3)(A)(ii).

7 17 CFT 240.19b–4(f)(2). 8 17 CFR 200.30–3(a)(12)

2. Statutory Basis

The CHX believes that the proposed

rule change is consistent with Section

6(b)(4) of the Act 5 in that it provides for

the equitable allocation of reasonable

dues, fees and other charges among its

members.

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 purpose of the Act.

C. Self-Regulatory Organization’s

Statement on Comments on the

Proposed Rule Change Received from

Members, Participants, or Others

The Exchange did not solicit or

receive written comments on the

proposed rule change.

III. Date of Effectiveness of the

Proposed Rule Change and Timing for

Commission Action

The proposed rule change has become

effective pursuant to Section

19(b)(3)(A)(ii) of the Act,6 and Rule

19b–4(f)(2) thereunder,7 in that it

establishes or changes a due, fee, or

other charge. At any time within 60

days of the filing of such 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.

IV. Solicitation of Comments

Interested persons are invited to

submit written data, views, and

arguments concerning for 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 CHX. All

submissions should refer to File No.

SR–CHX–2001–12 and should be

submitted by July 5, 2001.

For the Commission, by the Division

of Market Regulation, pursuant to

delegated authority.8

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 01–14873 Filed 6–12–01; 8:45 am]

BILLING CODE 8010–01–M

SMALL BUSINESS ADMINISTRATION

Office of the National Ombudsman;

National Regulatory Fairness Board;

Public Meeting

The U.S. Small Business

Administration, Office of the National

Ombudsman, National Regulatory

Fairness Board will hold a public

meeting on Monday, June 18, 2001, from

9 a.m. to 5 p.m. EST and Tuesday June

19, 2001, from 9 a.m. to 11 a.m. at the

Crystal City Marriott (1999 Jefferson

Davis Highway, Arlington, VA 22202) to

discuss such matters as may be

presented by Acting National

Ombudsman, Dr. James Van Wert,

Members of the Regulatory Fairness

Board, staff of the Small Business

Administration or others present.

Anyone wishing to make an oral

presentation to the Board must contact

Dr. Van Wert, in writing by letter or fax

no later than June 15, 2001, in order to

be put on the agenda. For further

information, please write or call James

Van Wert, Designated Federal Official,

U.S. Small Business Administration,

409 3rd Street, SW, Seventh Floor,

Washington, DC 20416. Telephone

number (202) 205–7024, Fax (202) 205–

6066.

Nancyellen Gentile,

Committee Management Officer.

[FR Doc. 01–14883 Filed 6–12–01; 8:45 am]

BILLING CODE 8025–01–U

DEPARTMENT OF TRANSPORTATION

Coast Guard

[USCG 2001–9009]

Information Collection Under Review

by the Office of Management and

Budget (OMB): 2115–0073

AGENCY: Coast Guard, DOT.

ACTION: Request for comments.

SUMMARY: In compliance with the

Paperwork Reduction Act of 1995, this

request for comments announces that

the Coast Guard has forwarded one

Information Collection Report (ICR)

abstracted below to OMB for review and

comment. Our ICR describes the

information we seek to collect from the

public. Review and comment by OMB

ensure that we impose only paperwork

burdens commensurate with our

performance of duties.

DATES: Please submit comments on or

before July 13, 2001.

ADDRESSES: Please send comments to (1)

the Docket Management System (DMS),

U.S. Department of Transportation

(DOT), room PL–401, 400 Seventh Street

S.W., Washington, DC 20590–0001; and

(2) the Office of Information and

Regulatory Affairs (OIRA), Office of

Management and Budget (OMB), 725

17th Street N.W., Washington, DC

20503, to the attention of the Desk

Officer for the USCG.

Copies of the complete ICR is

available for inspection and copying in

public docket USCG 2001–9009 of the

Docket Management Facility between 10

a.m. and 5 p.m., Monday through

Friday, except Federal holidays; for

inspection and printing on the internet

at http://dms.dot.gov; and for inspection

from the Commandant (G–CIM–2), U.S.

Coast Guard, room 6106, 2100 Second

Street SW., Washington, DC, between 10

a.m. and 4 p.m., Monday through

Friday, except Federal holidays.

FOR FURTHER INFORMATION CONTACT:

Barbara Davis, Office of Information

Management, 202–267–2326, for

questions on this document; Dorothy

Beard, Chief, Documentary Services

Division, U.S. Department of

Transportation, 202–366–5149, for

questions on the docket.

SUPPLEMENTARY INFORMATION:

Regulatory History

This request constitutes the 30-day

notice required by OMB. The Coast

Guard has already published [66 FR

15519 (March 19, 2001)] the 60-day

notice required by OMB. That notice

elicited no comments.

Request for Comments

The Coast Guard invites comments on

the proposed collection of information

to determine whether the collection is

necessary for the proper performance of

the functions of the Department. In

particular, the Coast Guard would

appreciate comments addressing: (1)

The practical utility of the collections;

(2) the accuracy of the Department’s