Federal Register / Vol. 72, No. 26 / Thursday, February 8, 2007 / Notices 6013 

of the Code and section 302(d)(7) of 

ERISA for plan years beginning on or 

after January 1, 2007. As a result, in 

accordance with section 

4006(a)(3)(E)(iii)(II) of ERISA, the 

required interest rate for plan years 

beginning on or after January 1, 2007, is 

100 percent of the annual rate of interest 

determined by the Secretary of the 

Treasury on amounts invested 

conservatively in long-term investment 

grade corporate bonds for the month 

preceding the beginning of the plan year 

for which premiums are being paid 

(premium payment year). 

On January 12, 2007 (at 72 FR 1564), 

the Pension Benefit Guaranty 

Corporation (PBGC) published a notice 

informing the public of the interest rate 

assumption to be used for determining 

variable-rate premiums for premium 

payment years beginning in January 

2007. In light of IRS’s publication of the 

updated mortality tables, that required 

interest rate assumption has changed. 

The required interest rate to be used 

for determining variable-rate premiums 

for premium payment years beginning 

in January 2007 is 5.75 percent (i.e., 100 

percent of the 5.75 percent composite 

corporate bond rate for December 2006). 

PBGC will post the revised required 

interest rate on its Web site (http:// 

www.pbgc.gov). 

Issued in Washington, DC, on this 5th day 

of February 2007. 

Vincent K. Snowbarger, 

Interim Director, Pension Benefit Guaranty 

Corporation. 

[FR Doc. E7–2087 Filed 2–7–07; 8:45 am] 

BILLING CODE 7709–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Proposed Collection; Comment 

Request 

Upon written request, copies available 

from: Securities and Exchange 

Commission, Office of Filings and 

Information Services, Washington, DC 

20549. 

Extension: Rule 10b–10, SEC File No. 270–

389, OMB Control No. 3235–0444. 

Notice is hereby given that pursuant 

to the Paperwork Reduction Act of 1995 

(44 U.S.C. 3501 et seq.), the Securities 

and Exchange Commission 

(‘‘Commission’’) is soliciting comments 

on the collection of information 

summarized below. The Commission 

plans to submit this existing collection 

of information to the Office of 

Management and Budget for extension 

and approval. 

• Rule 10b–10; Confirmation of 

Transactions. 

Rule 10b–10 (17 CFR 240.10b–10) of 

the Securities Exchange Act of 1934 (17 

U.S.C. 78a et seq.) requires brokerdealers to convey basic trade 

information to customers regarding their 

securities transactions. This information 

includes: the date and time of the 

transaction, the identity and number of 

shares bought or sold, and the trading 

capacity of the broker-dealer. Depending 

on the trading capacity of the brokerdealer, the Rule requires the disclosure 

of commissions as well as mark-up and 

mark-down information. For 

transactions in debt securities, the Rule 

requires the disclosure of redemption 

and yield information. The Rule 

potentially applies to all of the 

approximately 6,014 firms registered 

with the Commission that affect 

transactions on behalf of customers. 

The confirmations required by Rule 

10b–10 are generally processed through 

automated systems. It takes 

approximately 1 minute to generate and 

send a confirmation. It is estimated that 

broker-dealers spend 77.4 million hours 

per year complying with Rule 10b–10. 

The Commission staff estimates the 

costs of producing and sending a paper 

confirmation, including postage, to be 

approximately 91 cents. The 

Commission staff also estimates that the 

cost of producing and sending a wholly 

electronic confirmation is 

approximately 52 cents. The amount of 

confirmations sent and the cost of 

sending each confirmation varies from 

firm to firm. Smaller firms generally 

send fewer confirmations than larger 

firms because they affect fewer 

transactions. 

Written comments are invited on: (a) 

Whether the proposed collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information shall have practical utility; 

(b) the accuracy of the agency’s 

estimates of the burden of the proposed 

collection of information; (c) ways to 

enhance the quality, utility and clarity 

of the information to be collected; and 

(d) ways to minimize the burden of the 

collection of information on 

respondents, including through the use 

of automated collection techniques or 

other forms of information technology. 

Consideration will be given to 

comments and suggestions submitted in 

writing within 60 days of this 

publication. 

Direct your written comments to R. 

Corey Booth, Director/Chief Information 

Officer, Securities and Exchange 

Commission, C/O Shirley Martinson, 

6432 General Green Way, Alexandria, 

VA 22312 or send an e-mail to: 

PRA_Mailbox@sec.gov. Comments must 

be submitted to OMB within 60 days of 

this notice. 

Dated: January 31, 2007. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E7–2086 Filed 2–7–07; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. IC–27695; File No. 812–13325] 

Country Investors Life Assurance 

Company, et al. 

February 2, 2007. 

AGENCY: Securities and Exchange 

Commission (the ‘‘Commission’’). 

ACTION: Notice of application for an 

order pursuant to Section 26(c) of the 

Investment Company Act of 1940, as 

amended (the ‘‘1940 Act’’ or ‘‘Act’’), 

approving certain substitutions of 

securities. 

APPLICANTS: COUNTRY Investors Life 

Assurance Company (the ‘‘Company’’), 

COUNTRY Investors Variable Life 

Account (the ‘‘Life Account’’) and 

COUNTRY Investors Variable Annuity 

Account (the ‘‘Annuity Account’’) 

(together, the ‘‘Applicants’’) 

SUMMARY: Applicants seek an order 

pursuant to Section 26(c) of the 1940 

Act approving the substitution of: (1) 

Shares of the EquiTrust High Grade 

Bond Portfolio (‘‘Replacement Portfolio 

A’’) of the EquiTrust Variable Insurance 

Series Fund (the ‘‘EquiTrust Fund’’) for 

shares of the COUNTRY VP Short-Term 

Bond Fund (‘‘Replaced Portfolio A’’) of 

the COUNTRY Mutual Funds Trust (the 

‘‘COUNTRY Fund’’); and (2) shares of 

the T. Rowe Price Personal Strategy 

Balanced Portfolio (‘‘Replacement 

Portfolio B’’) of the T. Rowe Price Equity 

Series, Inc. (the ‘‘T. Rowe Price Fund’’) 

for shares of the COUNTRY VP 

Balanced Fund (‘‘Replaced Portfolio B’’) 

of the COUNTRY Fund. Shares of 

Replacement Portfolio A, Replacement 

Portfolio B, Replaced Portfolio A, and 

Replaced Portfolio B currently are held 

by the Life Account and the Annuity 

Account (each an ‘‘Account,’’ together, 

the ‘‘Accounts’’) to support variable life 

insurance or variable annuity contracts, 

respectively, issued by the Company 

(collectively, the ‘‘Contracts’’). 

FILING DATE: The Application was filed 

on September 5, 2006 and amended and 

restated on January 24, 2007. 

HEARING OR NOTIFICATION OF HEARING: An 

order granting the application will be 


jlentini on PROD1PC65 with NOTICES
6014 Federal Register / Vol. 72, No. 26 / Thursday, February 8, 2007 / Notices 

issued unless the Commission orders a 

hearing. Interested persons may request 

a hearing by writing to the Secretary of 

the Commission and serving Applicants 

with a copy of the request, personally or 

by mail. Hearing requests must be 

received by the Commission by 5:30 

p.m. on February 27, 2007, and should 

be accompanied by proof of service on 

Applicants in the form of an affidavit or, 

for lawyers, a certificate of service. 

Hearing requests should state the nature 

of the requester’s interest, the reason for 

the request, and the issues contested. 

Persons who wish to be notified of a 

hearing may request notification by 

writing to the Secretary of the 

Commission. 

ADDRESSES: Secretary, Securities and 

Exchange Commission, 100 F Street, 

NE., Washington, DC 20549–1090. 

Applicants, c/o Virginia L. Eves, Esq., 

General Attorney, Country Investors Life 

Assurance Company, 1701 N. Towanda 

Avenue, Bloomington, IL 61702–2901. 

Copy to Thomas E. Bisset, Esq., 

Sutherland Asbill & Brennan LLP, 1275 

Pennsylvania Avenue, NW., 

Washington, DC 20004–2415. 

FOR FURTHER INFORMATION CONTACT: 

Alison T. White, Senior Counsel, or 

Joyce M. Pickholz, Branch Chief, Office 

of Insurance Products, Division of 

Investment Management, at (202) 551–

6795. 

SUPPLEMENTARY INFORMATION: The 

following is a summary of the 

Application. The complete Application 

is available for a fee from the Public 

Reference Branch of the Commission. 

Applicants’ Representations 

1. The Company is a stock life 

insurance company organized under 

Illinois law in 1981. The Company is 

principally engaged in the offering of 

life insurance policies and annuity 

contracts, and is admitted to do 

business in 41 states. For purposes of 

the Act, the Company is the depositor 

and sponsor of each of the Accounts, as 

those terms have been interpreted by the 

Commission with respect to variable life 

insurance and variable annuity separate 

accounts. 

2. Under the insurance law of Illinois, 

the assets of each Account attributable 

to the Contracts issued through that 

Account are owned by the Company, 

but are held separately from the other 

assets of the Company for the benefit of 

the owners of, and the persons entitled 

to payment under, those Contracts. Each 

Account is a ‘‘separate account’’ as 

defined by Rule 0–1(e) under the Act. 

Each Account is registered with the 

Commission as a unit investment trust 

(File No. 811–21394 (the Life Account); 

File No. 811–21330 (the Annuity 

Account)). Each Account is comprised 

of a number of subaccounts and each 

subaccount invests exclusively in one of 

the insurance dedicated mutual fund 

portfolios made available as investment 

options underlying the Contracts. 

3. The Life Account is currently 

divided into 36 subaccounts. The assets 

of the Life Account support variable life 

insurance contracts, and interests in the 

Account offered through such contracts 

have been registered under the 

Securities Act of 1933, as amended (the 

‘‘1933 Act’’) on Form N–6 (File No. 333–

106757). 

4. The Annuity Account is currently 

divided into 36 subaccounts. The assets 

of the Annuity Account support variable 

annuity contracts, and interests in the 

Account offered through such contracts 

have been registered under the 1933 Act 

on Form N–4 (File No. 333–104424). 

5. The Contracts are flexible premium 

variable life insurance and variable 

annuity contracts. The variable life 

insurance Contracts provide for the 

accumulation of values on a variable 

basis, a fixed basis, or a combination of 

both, throughout the insured’s life, and 

for a death benefit upon the death of the 

insured. The variable annuity Contracts 

provide for the accumulation of values 

on a variable basis, a fixed basis, or a 

combination of both, during the 

accumulation period, and provide 

settlement or annuity payment options 

on a variable basis, a fixed basis, or a 

combination of both, during the income 

period. Under each of the Contracts, the 

Company reserves the right to substitute 

shares of one underlying fund for shares 

of another, or of another investment 

portfolio, including a portfolio of a 

different management investment 

company. 

6. For as long as a variable life 

insurance Contract remains in force or 

a variable annuity Contract remains in 

force and has not yet been annuitized, 

a Contract owner may transfer all or any 

part of the Contract value from one 

subaccount to any other subaccount 

without limit, although certain 

restrictions apply to transfers to and 

from the fixed account interest 

investment option under the Contract 

funded by the Company’s general 

account (the ‘‘Declared Interest 

Option’’). The Company reserves the 

right to revoke or modify the transfer 

privilege to discourage excessive trading 

by Contract owners or to prevent 

transfers that may have a detrimental 

effect upon Contract owners, 

subaccount unit values, the insurance 

dedicated mutual fund portfolios 

underlying the subaccounts or the 

Declared Interest Option. The Contracts 

reserve to the Company the right to 

assess a charge of $25 for transfers in 

excess of twelve per Contract year. 

7. The COUNTRY Fund is organized 

as a Delaware business trust and 

registered as an open-end management 

investment company under the Act (File 

No. 811–10475). The COUNTRY Fund 

currently offers 9 separate investment 

portfolios (each, a ‘‘Portfolio’’), two of 

which would be involved in the 

proposed substitutions. The COUNTRY 

Fund issues a separate series of shares 

of beneficial interest in connection with 

each Portfolio and has registered such 

shares under the 1933 Act on Form N–

1A (File No. 33–68270). COUNTRY 

Trust Bank (‘‘COUNTRY Advisor’’) 

serves as the investment adviser to each 

Portfolio, including both Replaced 

Portfolio A and Replaced Portfolio B. 

8. The EquiTrust Fund is an open-end 

diversified management investment 

company registered under the Act (File 

No. 811–5069) consisting of six 

portfolios, each with its own investment 

objective(s), investment policies, 

restrictions, and attendant risks. One of 

those portfolios, the EquiTrust High 

Grade Bond Portfolio, is involved in the 

proposed substitution. The EquiTrust 

Fund issues a separate series of shares 

of beneficial interest in connection with 

each of those portfolios, and has 

registered such shares under the 1933 

Act on Form N–1A (File No. 33–12791). 

EquiTrust Investment Management 

Services, Inc. is the investment adviser 

and manager to the EquiTrust Fund 

portfolios. Neither the EquiTrust Fund 

nor any of its portfolios is affiliated with 

the Applicants. 

9. The T. Rowe Price Fund is a 

Maryland corporation that is registered 

as an open-end management investment 

company under the Act (File No. 811–

07143) and currently offers seven 

investment portfolios, one of which—

the T. Rowe Price Personal Strategy 

Balanced Portfolio—is involved in the 

proposed substitution. The T. Rowe 

Price Fund issues a series of shares of 

beneficial interest in connection with 

each portfolio, and has registered such 

shares under the 1933 Act on Form N–

1A (File No. 33–52161). T. Rowe Price 

Associates, Inc., based in Baltimore, 

Maryland, acts as investment adviser to 

the T. Rowe Price Personal Strategy 

Balanced Portfolio. Neither the T. Rowe 

Price Fund nor any of its portfolios is 

affiliated with the Applicants. 

10. The investment objectives of each 

Replaced Portfolio and Replacement 

Portfolio are as follows: 

a. Replaced Portfolio A and 

Replacement Portfolio A: The Country 

VP Short-Term Bond Fund seeks to 

achieve a high level of current income 


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Federal Register / Vol. 72, No. 26 / Thursday, February 8, 2007 / Notices 6015 

consistent with preservation of capital 

and maintenance of liquidity. The 

EquiTrust High Grade Bond Portfolio 

seeks to generate as high a level of 

current income as is consistent with 

investment in a diversified portfolio of 

high-grade income-bearing debt 

securities. 

b. Replaced Portfolio B and 

Replacement Portfolio B: The Country 

VP Balanced Fund seeks growth of 

capital and current income. The T. 

Rowe Price Strategy Balanced Portfolio 

seeks the highest total return over time 

consistent with emphasis on both 

capital appreciation and income. 

11. The advisory fees, other expenses 

and total operating expenses (before and 

after any contractual waivers and 

reimbursements) for the year ended 

December 31, 2005, expressed as an 

annual percentage of average daily net 

assets, of the Replaced Portfolios and 

the Replacement Portfolios are as 

follows: 

Replaced 

Portfolio A 

Replacement 

Portfolio A 

Country VP 

Short-Term 

Bond Fund 

(Percent) 

EquiTrust High 

Grade Bond 

Portfolio 

(Percent) 

Advisory Fees ........................................................................................................................................................ .50 .30 

Other Expenses ..................................................................................................................................................... .75 .15 

Total Operating Expenses ..................................................................................................................................... 1.25 .45 

Less Contractual Fee Waivers and Expense Reimbursements ........................................................................... (.55 ) N/A 

Net Operating Expenses ....................................................................................................................................... .70 .45 

Replaced 

Portfolio B 

Replacement 

Portfolio B 

Country VP Balanced Fund 

(Percent) 

T. Rowe Price 

Personal Strategy Balanced 

Portfolio 

(Percent) 

Advisory Fees ........................................................................................................................................................ .75 1 .90 

Other Expenses ..................................................................................................................................................... .79 .00 

Total Operating Expenses ..................................................................................................................................... 1.54 .90 

Less Contractual Fee Waivers and Expense Reimbursements ........................................................................... (.64 ) N/A 

Net Operating Expenses ....................................................................................................................................... .90 .90 

1 Unified fee. 

12. The investment performance of 

each Replacement Portfolio compares 

favorably to the investment performance 

of the corresponding Replaced Portfolio. 

For each of the last three fiscal years, 

the life of each Replaced Portfolio, the 

investment performance of each 

Replacement Portfolio has significantly 

exceeded the investment performance of 

the corresponding Replaced Portfolio. In 

addition, each Replacement Portfolio 

has a longer history of investment 

performance than that of the 

corresponding Replaced Portfolio. 

13. Currently, under each Contract 36 

different variable investment options are 

available for investment. Following the 

proposed substitution of shares of each 

Replacement Portfolio for shares of the 

corresponding Replaced Portfolio, 34 

different variable investment options 

will be available under each Contract. 

14. For those Contracts that are in 

force on the date of the proposed 

substitutions, the Company will take the 

following action during the twenty-four 

months following the date of the 

proposed substitutions. On the last day 

of each fiscal period (not to exceed a 

fiscal quarter), the Company will 

reimburse the Contract owners investing 

in the Replacement Portfolios to the 

extent that the sum of the operating 

expenses of the Replacement Portfolio 

(taking into account any fee waivers and 

expense reimbursements) and 

subaccount expenses for such period 

exceed, on an annualized basis, the sum 

of the operating expenses of the 

corresponding Replaced Portfolio 

(taking into account any fee waivers and 

expense reimbursements) and 

subaccount expenses for the fiscal year 

preceding the date of the proposed 

substitution. In addition, for twenty-four 

months following the proposed 

substitutions, the Company will not 

increase asset-based fees or charges for 

Contracts outstanding on the date of the 

proposed substitutions. 

15. The Board of Trustees of the 

COUNTRY Fund voted to close the 

Replaced Portfolios to new investment 

as of July 31, 2006, and to liquidate both 

Replaced Portfolios on or before August 

31, 2007, the Liquidation Date. In turn, 

Replaced Portfolio A and Replaced 

Portfolio B are no longer available for 

new investment under the Contracts 

(allocation of Contract value) as of July 

31, 2006 (the ‘‘Closing Date’’) and will 

be discontinued altogether under the 

Contracts on a date no later than the 

Liquidation Date. 

16. Accumulated Contract value 

invested in the COUNTRY VP ShortTerm Bond Fund and the COUNTRY VP 

Balanced Fund will automatically be 

transferred to the EquiTrust High Grade 

Bond Fund and the T. Rowe Price 

Personnel Strategy Balanced Fund, 

respectively, as of a date determined by 

the Company following receipt of a 

Commission order granting substitution 

relief (the ‘‘Substitution’’). Contract 

owners will receive advance notice of 

the date of the Substitution (the 

‘‘Substitution Date’’). 

17. By supplements dated July 6, 2006 

(collectively, the ‘‘2006 Supplements’’) 

to the prospectuses for the registration 

statements of the Accounts, the 

Company notified owners of the 

Contracts of its intention to take the 

necessary actions, including seeking an 

order requested to carry out the 

proposed substitutions. 

18. The 2006 Supplements advised 

Contract owners that accumulated 

Contract value may continue to remain 

in the Replaced Portfolios after the 


jlentini on PROD1PC65 with NOTICES
6016 Federal Register / Vol. 72, No. 26 / Thursday, February 8, 2007 / Notices 

1 15 U.S.C. 78k–1. 

2 17 CFR 242.608. 

3 17 CFR 242.605. On April 12, 2001, the 

Commission approved a national market system 

plan for the purpose of establishing procedures for 

market centers to follow in making their monthly 

reports available to the public under Rule 11Ac1–

5 under the Act (n/k/a Rule 605 of Regulation 

NMS). See Securities Exchange Act Release No. 

44177 (April 12, 2001), 66 FR 19814 (April 17, 

2001). 

4See Securities Exchange Act Release No. 54510 

(September 26, 2006), 71 FR 58018. 

Closing Date until the Substitution Date. 

After the Closing Date, Contract owners 

will not be able to allocate Contract 

value to the Replaced Portfolios from 

the alternative investment options 

available under the Contract. 

19. From the date of the 2006 

Supplements, Contract owners may 

transfer accumulated Contract value 

invested in the Replaced Portfolios to 

the other investment options available 

under the Contract free of charge and 

without such transfers counting against 

the number of free transfers allowed 

each Contract Year. For 30 days 

following the Substitution Date, 

Contract owners whose accumulated 

Contract value was invested in the 

Replaced Portfolios as of the 

Substitution Date and subsequently 

invested in the Replacement Portfolios 

as a result of the Substitution may 

transfer that accumulated Contract value 

from the Replacement Portfolios to the 

alternative investment options available 

under the Contract free of charge and 

without such transfers counting against 

the number of free transfers. Although 

the Company has no present intention 

to increase the charge for transfers 

under the Contract, the Company will 

not exercise any rights reserved by it 

under the Contract to impose additional 

charges for transfers until at least 30 

days after the Substitution Date. 

20. Further, all Contract owners 

invested in a Replaced Portfolio will 

have received the most recent 

corresponding Replacement Portfolio 

prospectus prior to the Substitution 

Date. 

21. Within five days after the 

proposed substitutions, Contract owners 

who are affected by the substitutions 

will be sent a written notice informing 

them that the substitutions were carried 

out. The notice also will reiterate the 

facts that: (a) For at least 30 days after 

the Substitution Date, the Company will 

not exercise any rights reserved by it 

under the Contract to impose additional 

charges for transfers; and (b) for 30 days 

following the proposed substitutions, 

Contract owners may transfer 

accumulated Contract value invested in 

the Replacement Portfolios as a result of 

the Substitution out of the Replacement 

Portfolios and into the alternative 

investment options available under the 

Contracts free of charge and without 

such transfers counting against the 

number of free transfers allowed each 

Contract Year. 

22. The Company will carry out the 

proposed substitutions by redeeming 

shares of each Replaced Portfolio held 

by the Accounts for cash and applying 

the proceeds to the purchase of shares 

of the corresponding Replacement 

Portfolio. Redemption requests and 

purchase orders will be placed 

simultaneously so that Contract values 

will remain fully invested at all times. 

All redemptions of shares of the 

Replaced Portfolios and purchases of 

shares of the Replacement Portfolios 

will be effected in accordance with Rule 

22c–1 of the Act. 

23. The proposed substitutions will 

take place at relative net asset value and 

will not result in a change in the 

amount of any Contract owner’s 

accumulated Contract value or death 

benefit, or in the dollar value of his or 

her investment in any of the Accounts. 

Contract owners will not incur any fees 

or charges as a result of the proposed 

substitutions, nor will their rights or the 

Company’s obligations under the 

Contracts be altered in any way. All 

applicable expenses incurred in 

connection with the proposed 

substitutions, including brokerage 

commissions and legal, accounting, and 

other fees and expenses, will be paid by 

the Company. In addition, the proposed 

substitutions will not result in adverse 

tax consequences for, and will not alter, 

the tax benefits to Contract owners. The 

proposed substitutions will not cause 

the Contract fees and charges currently 

being paid by existing Contract owners 

to be greater after the proposed 

substitutions than before the proposed 

substitutions. 

Conclusion 

For the reasons and upon the facts set 

forth above, Applicants submit that the 

requested order meets the standards set 

forth in Section 26(c). Applicants 

request an order of the Commission, 

pursuant to Section 26(c) of the Act, 

approving the Substitutions. 

For the Commission, by the Division of 

Investment Management, pursuant to 

delegated authority. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. 07–554 Filed 2–7–07; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–55207, File No. 4–518] 

Joint Industry Plan; Order Approving 

Amendment To Add the International 

Securities Exchange, LLC as 

Participant to National Market System 

Plan Establishing Procedures Under 

Rule 605 of Regulation NMS 

January 31, 2007. 

I. Introduction 

On September 14, 2006, the 

International Securities Exchange, LLC 

(‘‘ISE’’) submitted to the Securities and 

Exchange Commission (‘‘SEC’’ or 

‘‘Commission’’) in accordance with 

Section 11A of the Securities Exchange 

Act of 1934 (‘‘Act’’) 1 and Rule 608 of 

Regulation NMS,2 a proposed 

amendment to the national market 

system plan establishing procedures 

under Rule 605 of Regulation NMS 

(‘‘Joint-SRO Plan’’ or ‘‘Plan’’).3 Under 

the proposed amendment, ISE would be 

added as a participant to the Joint-SRO 

Plan. Notice of filing and an order 

granting temporary effectiveness of the 

proposal through January 30, 2007 was 

published in the Federal Register on 

October 2, 2006.4 The Commission did 

not receive any comments on the 

proposed amendment. This order 

approves the amendment on a 

permanent basis. 

II. Discussion 

The Joint-SRO Plan establishes 

procedures for market centers to follow 

in making their monthly reports 

required pursuant to Rule 605 of 

Regulation NMS, available to the public 

in a uniform, readily accessible, and 

usable electronic format. The current 

participants to the Joint-SRO Plan are 

the American Stock Exchange LLC, 

Boston Stock Exchange, Inc., Chicago 

Board Options Exchange, Incorporated, 

Chicago Stock Exchange, Inc., 

Cincinnati Stock Exchange, Inc. (n/k/a 

National Stock ExchangeSM), The 

NASDAQ Stock Market LLC, National 

Association of Securities Dealers, Inc., 

New York Stock Exchange, Inc. (n/k/a 

New York Stock Exchange LLC), Pacific 


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