Document ID: SEC-2006-0570-0001
Agency: sec
Document Type: Notice
Title: Self-regulatory organizations; proposed rule changes: New York Stock Exchange LLC et al
Posted Date: 2006-05-02T04:00Z

[Federal Register: May 2, 2006 (Volume 71, Number 84)]
[Notices]               
[Page 25878-25879]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr02my06-107]                         

-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-53728; File Nos. SR-NYSE-2006-13; SR-CBOE-2006-14]

 
Self-Regulatory Organizations; New York Stock Exchange LLC; 
Chicago Board Options Exchange, Incorporated; Notice of Extension of 
Comment Periods for the Proposed Rule Changes Relating to Customer 
Portfolio Margining Requirements

April 26, 2006.
    On March 2, 2006, the New York Stock Exchange LLC (``NYSE''), and 
on February 2, 2006, the Chicago Board Options Exchange, Incorporated 
(``CBOE''), filed with the Securities and Exchange Commission 
(``Commission'') proposed rule changes pursuant to Section 19(b)(1) of 
the Securities Exchange Act of 1934 (``Act'' or ``Exchange Act'') \1\ 
and Rule 19b-4 thereunder,\2\ that would further expand the scope of 
products that are eligible for treatment as part of their respective 
customer portfolio margin pilot programs.\3\ A complete description of 
the proposed rule changes is found in the notices of filing, which were 
published in the Federal Register on April 6, 2006.\4\ The comment 
periods expire on April 27, 2006.\5\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Exchange Act Release No. 52031 (July 14, 2005), 70 FR 
42130 (July 21, 2005) (SR-NYSE-2002-19); and Exchange Act Release 
No. 52032 (July 14, 2005), 70 FR 42130 (July 21, 2005) (SR-CBOE-
2002-03). On July 14, 2005, the Commission approved on a pilot basis 
expiring July 31, 2007, amendments to NYSE Rule 431 and CBOE Rule 
12.4 to permit the use of customer portfolio margining for certain 
specified products (e.g., listed, broad-based U.S. index options and 
warrants, along with any underlying instruments), as an alternative 
to the strategy based margin requirements required by the NYSE's and 
CBOE's margin rules.
    \4\ See Exchange Act Release No. 53576 (March 30, 2006), 71 FR 
17519 (April 6, 2006) (SR-CBOE-2006-14); and Exchange Act Release 
No. 53577 (March 30, 2006), 71 FR 17539 (April 6, 2006) (SR-NYSE-
2006-13).
    \5\ Id.
---------------------------------------------------------------------------

    In response to requests to extend the comment periods, and to give 
the public additional time to comment on the proposed rule changes, the 
Commission has decided to extend the comment periods pursuant to 
Section 19(b)(2) of the Act.\6\ Accordingly, the comment periods shall 
be extended until May 11, 2006.
---------------------------------------------------------------------------

    \6\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------

    Interested persons are invited to submit written data, views, and 
arguments concerning the foregoing, including whether the proposed rule 
change is consistent with the Exchange Act. Comments may be submitted 
by any of the following methods:

[[Page 25879]]

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml.
); or     Send e-mail to rule-comments@sec.gov. Please include File 

Number SR-NYSE-2006-13 or SR-CBOE-2006-14 on the subject line.

Paper Comments

     Send paper comments in triplicate to Nancy M. Morris, 
Secretary, Securities and Exchange Commission, 100 F Street, NE., 
Washington, DC 20549-1090.
    All submissions should refer to File Number SR-NYSE-2006-13 or SR-
CBOE-2006-14. This file number should be included on the subject line 
if e-mail is used. To help the Commission process and review your 
comments more efficiently, please use only one method. The Commission 
will post all comments on the Commission's Internet Web site (http://www.sec.gov/rules/sro/shtml
). 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 in the Commission's Public 
Reference Room. Copies of such filing also will be available for 
inspection and copying at the principal office of the NYSE or CBOE. All 
comments received will be posted without change; the Commission does 
not edit personal identifying information from submissions. You should 
submit only information that you wish to make available publicly. All 
submission should refer to File Number SR-NYSE-2006-13 or SR-CBOE-2006-
14 and should be submitted on or before May 11, 2006.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\7\
---------------------------------------------------------------------------

    \7\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Nancy M. Morris,
Secretary.
[FR Doc. E6-6596 Filed 5-1-06; 8:45 am]

BILLING CODE 8010-01-P