Federal Register / Vol. 72, No. 27 / Friday, February 9, 2007 / Notices 6299 

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

2 17 CFR 240.19b–4. 

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

4 17 CFR 240.19b–4(f)(2). 

5See Securities Exchange Act Release No. 53341 

(February 21, 2006), 71 FR 10085 (February 28, 

2006) (approving SR–Amex 2006–15). 

6The fee is $1.00 for SPDR contracts. 

7See Securities Exchange Act Release Nos. 54324 

(August 16, 2006), 71 FR 50110 (August 24, 2006) 

(SR–Amex 2006–63); and 54486 (September 22, 

2006), 71 FR 57009 (September 28, 2006) (SR–Amex 

2006–79). 

8 15 U.S.C. 78f(b). 

9 15 U.S.C. 78f(b)(4). 

the costs of Commission rules. An 

agency may not conduct or sponsor, and 

a person is not required to respond to, 

a collection of information unless it 

displays a currently valid OMB control 

number. 

Written comments are invited on: (a) 

Whether the collections of information 

are necessary for the proper 

performance of the functions of the 

Commission, including whether the 

information has practical utility; (b) the 

accuracy of the Commission’s estimate 

of the burdens of the collections of 

information; (c) ways to enhance the 

quality, utility, and clarity of the 

information collected; and (d) ways to 

minimize the burdens of the collections 

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. 

Please 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, Virginia, 22312; or send an 

e-mail to: PRA_Mailbox@sec.gov. 

Dated: February 5, 2007. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E7–2170 Filed 2–8–07; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Sunshine Act Meeting 

Federal Register Citation of Previous 

Announcement: [72 FR 5090, February 

2, 2007] 

STATUS: Closed Meeting. 

PLACE: 100 F Street, NE., Washington, 

DC. 

DATE AND TIME OF PREVIOUSLY ANNOUNCED

MEETING: Thursday, February 8, 2007 at 

2 p.m. 

CHANGE IN THE MEETING: Time Change. 

The Closed Meeting scheduled for 

Thursday, February 8, 2007 at 2 p.m. 

has been changed to Thursday, February 

8, 2007 at 10 a.m. 

At times, changes in Commission 

priorities require alterations in the 

scheduling of meeting items. For further 

information and to ascertain what, if 

any, matters have been added, deleted 

or postponed, please contact the Office 

of the Secretary at (202) 551–5400. 

Dated: February 6, 2007. 

Nancy M. Morris, 

Secretary. 

[FR Doc. 07–610 Filed 2–7–07; 10:52 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–55229; File No. SR–Amex–

2007–12] 

Self-Regulatory Organizations; 

American Stock Exchange LLC; Notice 

of Filing and Immediate Effectiveness 

of a Proposed Rule Change Relating to 

a Clarification to the Exchange’s 

Payment for Order Flow Plan 

February 2, 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 January 

22, 2007, the American Stock Exchange 

LLC (‘‘Amex’’ 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 substantially prepared by the 

Exchange. Amex has designated this 

proposal as one establishing or changing 

a due, fee, or other charge imposed by 

Amex under Section 19(b)(3)(A)(ii) of 

the Act 3 and Rule 19b–4(f)(2) 

thereunder,4 which renders the proposal 

effective upon filing with the 

Commission. 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 Exchange proposes to clarify the 

current Payment for Order Flow Plan 

with respect to funds collected from 

Supplemental Registered Options 

Traders (‘‘SROTs’’). 

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. Amex 

has substantially 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 adopted its current 

Payment for Order Flow Plan in 

February of 2006.5 Under the current 

plan, the Exchange charges an equity 

options marketing fee of $0.75 per 

contract 6 solely to customer orders that 

are from payment accepting firms with 

whom a specialist or a Supplemental 

Registered Options Trader (‘‘SROT’’), 

has negotiated a payment for order flow 

arrangement.7 This fee solely applies to 

those orders which are executed 

electronically through the Exchange’s 

ANTE system. 

As noted in the Exchange’s previous 

Payment for Order Flow filings, fees are 

collected from any SROT, specialist or 

ROT who participates in a trade with a 

payment accepting firm with whom a 

specialist has negotiated a payment for 

order flow arrangement, or with whom 

an SROT has negotiated a payment with 

an affiliated SROT. 

The Exchange proposes to clarify the 

current Payment for Order Flow Plan to 

limit the spending of funds collected 

from SROTs, which are allocated to a 

specialist, when the SROT participates 

in a trade where the specialist has 

negotiated a payment for order flow 

arrangement. In these instances, the 

Exchange proposes to require that the 

specialist be limited to spending any 

SROT collected funds only in those 

options classes in which the SROT is 

able to trade. 

2. Statutory Basis 

The Exchange believes that the 

proposed rule change is consistent with 

Section 6(b) of the Act 8 in general, and 

Section 6(b)(4) of the Act 9 in particular, 

because it is an equitable allocation of 

reasonable dues, fees, and other charges 

among exchange members and other 

persons using exchange facilities. 


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