Federal Register / Vol. 66, No. 248 / Thursday, December 27, 2001 / Notices 66957

10 17 CFR 200.30–3(a)(29).

1 15 U.S.C. 78q–1(b) and 78s(a).

2 17 CFR 240.17Ab2–1.

3Securities Exchange Act Release No. 25740 (May

24, 1988), 53 FR 19639.

4Securities Exchange Act Release Nos. 25740

(May 24, 1988), 53 FR 19639; 29236 (May 24, 1991),

56 FR 24852; 32385 (June 3, 1993), 58 FR 32405;

35787 (May 31, 1995), 60 FR 30324; 36508

(November 27, 1995), 60 FR 61719; 37983

(November 25, 1996), 61 FR 64183; 38698 (May 30,

1997), 62 FR 30911; 39696 (February 24, 1998), 63

FR 10253; 41104 (February 24, 1999), 64 FR 10510;

41805 (August 27, 1999), 64 FR 48682; 42335

(January 12, 2000), 65 FR 3509; 43089 (July 28,

2000), 65 FR 48032; 43900 (January 29, 2001), 66

FR 8988; and 44553 (July 13, 2001), 66 FR 37714.

5Letter from Jeffrey Ingber, Managing Director,

General Counsel, and Secretary, GSCC (December

11, 2001).

6The Commission continues to consider two

issues related to GSCC’s permanent registration

status: (1) GSCC’s organizational structure after its

integration with The Depository Trust & Clearing

Corporation and (2) the appropriate standard of care

for GSCC.

7 15 U.S.C. 78s(a)(1).

8 17 CFR 200.30–3(a)(16).

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

2 17 CFR 240.19b–4.

3See letter from Claire P. McGrath, Vice President

and Deputy General Counsel, Amex, to Nancy

Sanow, Assistant Director, Division of Market

Regulation (‘‘Division’’), Commission, dated

December 14, 2001 (‘‘Amendment No. 1’’), In

Amendment No. 1, the Amex provided greater

detail as to the basis for the proposed rule change.

4See Securities Exchange Act Release No. 45163

(December 18, 2001) for a description of these

increased fees.

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

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.10

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 01–31697 Filed 12–26–01; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Release 34–45164; File No. 600–23]

Self-Regulatory Organizations;

Government Securities Clearing

Corporation; Notice of Filing and Order

Approving an Extension of Temporary

Registration as a Clearing Agency

December 18, 2001.

The Securities and Exchange

Commission (‘‘Commission’’) is

publishing this notice and order to

solicit comments from interested

persons and to extend the Government

Securities Clearing Corporation’s

(‘‘GSCC’’) temporary registration as a

clearing agency through June 30, 2002.

On May 24, 1988, pursuant to sections

17A(b) and 19(a) of the Act 1 and rule

17Ab2–1 promulgated thereunder,2 the

Commission granted GSCC registration

as a clearing agency on a temporary

basis for a period of three years.3 The

Commission subsequently has extended

GSCC’s registration through December

31, 2001.4 On December 13, 2001, GSCC

requested that the Commission extend

GSCC’s temporary registration until

such time as the Commission is

prepared to grant GSCC permanent

registration.5

The Commission today is extending

GSCC’s temporary registration as a

clearing agency in order that GSCC may

continue to act as a clearing agency

while the Commission seeks comment

on granting GSCC permanent

registration as a clearing agency. The

Commission expects to publish notice

requesting comments on permanent

registration as a clearing agency during

the first quarter of next year.6

Interested persons are invited to

submit written data, views, and

arguments concerning the foregoing

application. Such written data, views,

and arguments will be considered by the

Commission in granting registration or

instituting proceedings to determine

whether registration should be denied

in accordance with section 19(a)(1) of

the Act.7 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 application for

registration and all written comments

will be available for inspection at the

Commission’s Public Reference Room,

450 Fifth Street, NW, Washington, DC

20549–0102. All submissions should

refer to File No. 600–23 and should be

submitted by January 17, 2002.

It is therefore ordered that GSCC’s

temporary registration as a clearing

agency (File No. 600–23) be and hereby

is extended through June 30, 2002.

For the Commission by the Division of

Market Regulation, pursuant to delegated

authority.8

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 01–31696 Filed 12–26–01; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 34–45165; File No. SR–Amex–

2001–102]

Self-Regulatory Organizations; Notice

of Filing of Proposed Rule Change by

the American Stock Exchange LLC

Relating to an Increase in Floor,

Membership and Options Trading Fees

December 18, 2001.

Pursuant to section 19(b)(1) of the

Securities Exchange Act of 1934

(‘‘Act’’),1 and rule 19b–4 2 thereunder,

notice is hereby given that on December

6, 2001, the American Stock Exchange

LLC (‘‘Amex’’ or ‘‘Exchange’’) filed with

the Securities and Exchange

Commission (the ‘‘Commission’’) the

proposed rule change as described in

Items I, II, and III below, which Items

have been prepared by the Exchange.

Amendment No. 1 was filed on

December 17, 2001.3 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 has proposed to

increase floor, membership and option

trading fees under SR–Amex–2001–

101,4 which was filed for immediate

effectiveness pursuant to section

19(b)(3)(A)(ii) of the act.5 The Exchange

now seeks to impose these increased

floor, membership, options trading, and

comparison and floor brokerage fees, as

set forth in Amex–2001–101 and

described below, as of August 1, 2001.

In addition, the Exchange proposes to

impose the increased license fees and

the elimination of the fee cap for

options as October 1, 2001.

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. The

Exchange has prepared summaries, set

forth in section 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 proposes to impose

floor fees, member fees and options

transactions, comparison and Floor

brokerage fees as of August 1, 2001, and

certain license fees and elimination of

the options fee cap as of October 1,

2001. The Exchange filed these fee

changes under SR–Amex–2001–101 and

requested that they become immediately