71 FR 178 pg. 54321 - Self-Regulatory Organizations; American Stock Exchange LLC; Order Granting Approval to a Proposed Rule Change and Amendment No. 1 Thereto Relating to a Retroactive Suspension of Transaction Charges for Specialist Orders in the Nasdaq-100 Tracking Stock® (QQQQ)
Type: NOTICEVolume: 71Number: 178Page: 54321
Docket number: [Release No. 34-54412; File No. SR-Amex-2006-64]
FR document: [FR Doc. E6-15273 Filed 9-13-06; 8:45 am]
Agency: Securities and Exchange Commission
Official PDF Version: PDF Version
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-54412; File No. SR-Amex-2006-64]
Self-Regulatory Organizations; American Stock Exchange LLC; Order Granting Approval to a Proposed Rule Change and Amendment No. 1 Thereto Relating to a Retroactive Suspension of Transaction Charges for Specialist Orders in the Nasdaq-100 Tracking Stock® (QQQQ)
September 7, 2006.
On July 7, 2006, the American Stock Exchange LLC ("Amex" 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 retroactively apply a suspension of transaction charges for specialist orders in connection with the trading of the Nasdaq-100 Index Tracking Stock® (Symbol: QQQQ) from July 1, 2006 through July 12, 2006. On July 27, 2006, the Exchange filed Amendment No. 1 to the proposed rule change.3The proposed rule change, as amended, was published for comment in the Federal Register on August 8, 2006.4The Commission received no comments on the proposal.
Footnotes:
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b-4.
3 Amendment No. 1 replaced and superseded the original filing in its entirety.
4 See Securities Exchange Act Release No. 54262 (August 1, 2006), 71 FR 45083.
The Commission finds that the proposed rule change, as amended, is consistent with the requirements of the Act and the rules and regulations thereunder applicable to a national securities exchange.5In particular, the Commission believes that the proposal is consistent with Section 6(b)(4) of the Act6in that it provides for the equitable allocation of reasonable dues, fees, and other charges among its members.
Footnotes:
5 In approving this proposed rule change, the Commission notes that it has considered the proposed rule's impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f).
6 15 U.S.C. 78f(b)(4).
It is therefore ordered, pursuant to Section 19(b)(2) of the Act,7that the proposed rule change (File No. SR-Amex-2006-64), as amended, be, and it hereby 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).
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. E6-15273 Filed 9-13-06; 8:45 am]
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