66 FR 215 pgs. 56142-56143 - Self Regulatory Organizations; New York Stock Exchange, Inc.; Order Granting Approval to Proposed Rule Change Amendment Exchange Rule 387 To Apply to Member or Member Organizations
Type: NOTICEVolume: 66Number: 215Pages: 56142 - 56143
Docket number: [Release No. 34-45003; File No. SR-NYSE-31]
FR document: [FR Doc. 01-27762 Filed 11-5-01; 8:45 am]
Agency: Securities and Exchange Commission
Official PDF Version: PDF Version
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-45003; File No. SR-NYSE-31]
Self Regulatory Organizations; New York Stock Exchange, Inc.; Order Granting Approval to Proposed Rule Change Amendment Exchange Rule 387 To Apply to Member or Member Organizations
October 30, 2001.
On August 21, 2001, the New York Stock Exchange, Inc. ("NYSE" or "Exchange") filed with the Securities and Exchange Commission ("Commission"), pursuant to section 19(b)(1) of the Securities Exchange Act of 1934 ("Act")1and Rule 19b-4 thereunder,2a proposed rule change to amend NYSE Rule 387 ("COD Orders") in order to clarify the Rule's application to all "member[s]" and "member organization[s]."
Footnotes:
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b-4.
The proposed rule change was published for comment in the Federal Register on September 25, 2001.3The Commission received no comments on the proposal.
Footnotes:
3 See Securities Exchange Act Release No. 44811 (September 18, 2001), 66 FR 49054 (September 25, 2001).
The Commission finds that the proposed rule change is consistent with the requirements of the Act and the rules and regulations thereunder applicable to a national securities exchange4and, in particular, the requirements of section 6 of the Act5and the rules and regulations thereunder. The Commission finds specifically that the proposed rule change is consistent with section 6(b)(5) of the Act6because, in clarifying the application of Exchange Rule 387 to both "member[s]" and "member organization[s]," it is designed to foster cooperation and coordination with persons engaged in regulating, clearing, settling and facilitating transactions in securities.
Footnotes:
4 In approving this proposed rule change, the Commission notes that it has considered its impact on efficiency, competition, and capital formation. 15 U.S.C. 78c(f).
5 15 U.S.C. 78f.
6 15 U.S.C. 78f(b)(5).
It is therefore ordered , pursuant to section 19(b)(2) of the Act,7that the proposed rule change (File No. SR-NYSE-2001-31) is approved.
Footnotes:
7 15 U.S.C. 78s(b)(2).
For the Commission, by the Division of Market Regulation, pursuant to delegated authority.8
Footnotes:
8 17 CFR 200.30-3(a)(12).
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 01-27762 Filed 11-5-01; 8:45 am]
BILLING CODE 8010-01-M