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Federal Register / Vol. 72, No.

239 / Thursday, December 13, 2007 / Notices 70911

III. Date of Effectiveness of the Room, 100 F Street, NE., Washington, I. Self-Regulatory Organization’s
Proposed Rule Change and Timing for DC 20549, on official business days Statement of the Terms of Substance of
Commission Action between the hours of 10 a.m. and 3 p.m. the Proposed Rule Change
Because the foregoing proposed rule Copies of such filings also will be
available for inspection and copying at The CBOE proposes to amend
change establishes or changes a due, fee, Exchange Rule 2.1 pertaining to the
or other charge imposed by the the principal office of the CBOE. All
comments received will be posted appointment of the chairman and
Exchange, it has become effective upon members of CBOE’s Business Conduct
filing pursuant to Section 19(b)(3)(A) of without change; the Commission does
not edit personal identifying Committee (‘‘BCC’’). The text of the
the Act 5 and Rule 19b–4(f)(2)
information from submissions. You proposed rule change is available at the
thereunder.6 At any time within 60 days
should submit only information that Exchange, on the Exchange’s Web site at
of the filing of the proposed rule change,
you wish to make available publicly. All http://www.cboe.com, and at the
the Commission may summarily
submissions should refer to File Commission’s Public Reference Room.
abrogate such rule change if it appears
to the Commission that such action is Number SR–CBOE–2007–146 and II. Self-Regulatory Organization’s
necessary or appropriate in the public should be submitted on or before Statement of the Purpose of, and
interest, for the protection of investors, January 3, 2008. Statutory Basis for, the Proposed Rule
or otherwise in furtherance of the For the Commission, by the Division of Change
purposes of the Act. Trading and Markets, pursuant to delegated
authority.7 In its filing with the Commission, the
IV. Solicitation of Comments Exchange included statements
Florence E. Harmon,
Interested persons are invited to Deputy Secretary.
concerning the purpose of, and basis for,
submit written data, views, and the proposed rule change and discussed
[FR Doc. E7–24119 Filed 12–12–07; 8:45 am]
arguments concerning the foregoing, any comments it received on the
BILLING CODE 8011–01–P
including whether the proposed rule proposed rule change. The text of these
change is consistent with the Act. statements may be examined at the
Comments may be submitted by any of places specified in Item IV below. The
the following methods: SECURITIES AND EXCHANGE
Exchange has prepared summaries, set
COMMISSION
Electronic Comments forth in Sections A, B, and C below, of
the most significant aspects of such
• Use the Commission’s Internet [Release No. 34–56925; File No. SR–CBOE– statements.
comment form (http://www.sec.gov/ 2007–141]
rules/sro.shtml); or A. Self-Regulatory Organization’s
• Send an e-mail to rule- Self-Regulatory Organizations; Statement of the Purpose of, and
comments@sec.gov. Please include File Chicago Board Options Exchange, Statutory Basis for, the Proposed Rule
No. SR–CBOE–2007–146 on the subject Incorporated; Notice of Filing and Change
line. Immediate Effectiveness of Proposed
1. Purpose
Rule Change To Amend CBOE Rule 2.1
Paper Comments Relating to the Appointment of the The purpose of the proposed rule
• Send paper comments in triplicate Chairman and Members of CBOE’s change is to amend CBOE Rule 2.1 by
to Nancy M. Morris, Secretary, Business Conduct Committee modifying the BCC appointment
Securities and Exchange Commission, process. Currently, the Exchange’s Vice
100 F Street, NE., Washington, DC December 7, 2007.
Chairman of the Board (‘‘member Vice
20549–1090. Pursuant to Section 19(b)(1) of the Chairman’’), a member position, has the
All submissions should refer to File Securities Exchange Act of 1934 authority to: (i) Appoint the chairman
Number SR–CBOE–2007–146. This file (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 and members of the BCC, with the
number should be included on the notice is hereby given that on November approval of the Board; (ii) remove
subject line if e-mail is used. To help the 27, 2007, the Chicago Board Options members in the BCC, with or without
Commission process and review your Exchange, Incorporated (‘‘CBOE’’ or cause; and (iii) fill a vacancy in the BCC
comments more efficiently, please use ‘‘Exchange’’) filed with the Securities for the remainder of the term
only one method. The Commission will and Exchange Commission (collectively referred to as the
post all comments on the Commission’s (‘‘Commission’’) the proposed rule ‘‘Appointment Process’’).5 CBOE
Internet Web site (http://www.sec.gov/ change as described in Items I and II proposes to transfer the Appointment
rules/sro.shtml). Copies of the below, which Items have been Process authority from the member Vice
submission, all subsequent substantially prepared by the CBOE. Chairman to the President 6 of the
amendments, all written statements The Exchange filed the proposal Exchange.7 CBOE believes that the
with respect to the proposed rule pursuant to Section 19(b)(3)(A)(iii) of modification to this rule will enhance
change that are filed with the the Act 3 and Rule 19b–4(f)(3) CBOE’s disciplinary process because the
Commission, and all written thereunder,4 which renders the proposal BCC Appointment Process will now be
communications relating to the effective upon filing with the the responsibility of a non-member
proposed rule change between the Commission. The Commission is
Commission and any person, other than publishing this notice to solicit 5 See CBOE Rule 2.1(a).
those that may be withheld from the comments on the proposed rule change 6 CBOE’s President is the chief operating officer
public in accordance with the from interested persons. of CBOE, and, among other duties, oversees the
mstockstill on PROD1PC66 with NOTICES

provisions of 5 U.S.C. 552, will be Member and Regulatory Services Division of CBOE.
7 CBOE believes that this rule amendment is
available for inspection and copying in 7 17 CFR 200.30–3(a)(12).
similar to the International Securities Exchange
the Commission’s Public Reference 1 15 U.S.C. 78s(b)(1). (‘‘ISE’’) Rule 200, which grants its CEO the
2 17 CFR 240.19b–4.
authority to appoint members of committees,
5 15 U.S.C. 78s(b)(3)(A). 3 15 U.S.C. 78s(b)(3)(A)(iii).
including ISE’s Business Conduct Committee with
6 17 CFR 19b–4(f)(2). 4 17 CFR 240.19b–4(f)(3). Board approval. See ISE Rule 200.

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70912 Federal Register / Vol. 72, No. 239 / Thursday, December 13, 2007 / Notices

executive officer, who is not subject to Comments may be submitted by any of SECURITIES AND EXCHANGE
the Exchange’s disciplinary jurisdiction. the following methods: COMMISSION
2. Statutory Basis Electronic Comments
[Release No. 34–56927; File No. SR–CBOE–
In modifying the BCC Appointment
• Use the Commission’s Internet 2007–145]
Process to place the responsibility with
comment form (http://www.sec.gov/
a non-member executive officer who is Self-Regulatory Organizations;
rules/sro.shtml); or
not subject to the Exchange’s Chicago Board Options Exchange,
disciplinary jurisdiction, the Exchange • Send an e-mail to rule-
Incorporated; Notice of Filing and
believes that the proposed rule change comments@sec.gov. Please include File
Immediate Effectiveness of Proposed
is consistent with Section 6(b) of the Number SR–CBOE–2007–141 on the
Rule Change Relating to the
Act 8 in general, and with Section subject line.
Exchange’s Hybrid Electronic Quoting
6(b)(5) of the Act 9 in particular, which Paper Comments Fee
requires, among other things, that the
rules of the Exchange be designed to • Send paper comments in triplicate December 7, 2007.
prevent fraudulent and manipulative to Nancy M. Morris, Secretary, Pursuant to Section 19(b)(1) of the
acts and practices, to promote just and Securities and Exchange Commission, Securities Exchange Act of 1934
equitable principles of trade, to foster 100 F Street, NE., Washington, DC (‘‘Act’’),1 and Rule 19b–4 thereunder,2
cooperation among persons engaged in 20549–1090. notice is hereby given that on November
facilitating securities transactions, and, 30, 2007, the Chicago Board Options
in general, to protect investors and the All submissions should refer to File
Number SR–CBOE–2007–141. This file Exchange, Incorporated (‘‘CBOE’’ or
public interest. ‘‘Exchange’’) filed with the Securities
number should be included on the
B. Self-Regulatory Organization’s subject line if e-mail is used. To help the and Exchange Commission
Statement on Burden on Competition Commission process and review your (‘‘Commission’’) the proposed rule
The Exchange does not believe that comments more efficiently, please use change as described in Items I, II, and
the proposed rule change will impose only one method. The Commission will III below, which Items have been
any burden on competition that is not post all comments on the Commission’s substantially prepared by the Exchange.
necessary or appropriate in furtherance Internet Web site (http://www.sec.gov/ CBOE has designated this proposal as
of the purposes of the Act. rules/sro.shtml). Copies of the one establishing or changing a due, fee,
submission, all subsequent or other charge imposed by the
C. Self-Regulatory Organization’s Exchange under Section 19(b)(3)(A),3
amendments, all written statements
Statement on Comments on the and Rule 19b–4(f)(2) thereunder,4 which
with respect to the proposed rule
Proposed Rule Change Received From renders the proposal effective upon
change that are filed with the
Members, Participants or Others filing with the Commission. The
Commission, and all written
The Exchange has neither solicited communications relating to the Commission is publishing this notice to
nor received written comments on the proposed rule change between the solicit comments on the proposed rule
proposed rule change. Commission and any person, other than change from interested persons.
III. Date of Effectiveness of the those that may be withheld from the I. Self-Regulatory Organization’s
Proposed Rule Change and Timing for public in accordance with the Statement of the Terms of Substance of
Commission Action provisions of 5 U.S.C. 552, will be the Proposed Rule Change
available for inspection and copying in
The Exchange has designated this CBOE proposes to amend its Hybrid
the Commission’s Public Reference
proposal as concerned solely with the Electronic Quoting Fee. The text of the
Room, 100 F Street, NE., Washington,
administration of the Exchange under proposed rule change is available at the
DC 20549, on official business days
Section 19(b)(3)(A)(iii) of the Act,10 and
between the hours of 10 a.m. and 3 p.m. Exchange, the Commission’s Public
Rule 19b–4(f)(3) thereunder,11 which Reference Room, and http://
Copies of such filing also will be
renders the proposal effective upon www.cboe.org/legal.
available for inspection and copying at
filing with the Commission.
At any time within 60 days of the the principal office of CBOE. All II. Self-Regulatory Organization’s
filing of such proposed rule change the comments received will be posted Statement of the Purpose of, and
Commission may summarily abrogate without change; the Commission does Statutory Basis for, the Proposed Rule
such rule change if it appears to the not edit personal identifying Change
Commission that such action is information from submissions. You
necessary or appropriate in the public should submit only information that In its filing with the Commission,
interest, for the protection of investors you wish to make available publicly. All CBOE included statements concerning
or otherwise in furtherance of the submissions should refer to File the purpose of, and basis for, the
purposes of the Act. Number SR–CBOE–2007–141 and proposed rule change and discussed any
should be submitted on or before comments it received on the proposal.
IV. Solicitation of Comments January 3, 2008. The text of these statements may be
Interested persons are invited to For the Commission, by the Division of examined at the places specified in Item
submit written data, views, and Trading and Markets, pursuant to delegated IV below. CBOE has prepared
arguments concerning the foregoing, authority.12 summaries, set forth in Sections A, B,
including whether the proposed rule Florence E. Harmon, and C below, of the most significant
mstockstill on PROD1PC66 with NOTICES

change is consistent with the Act. aspects of such statements.


Deputy Secretary.
8 15
[FR Doc. E7–24120 Filed 12–12–07; 8:45 am]
U.S.C. 78f(b). 1 15 U.S.C. 78s(b)(1).
9 15 U.S.C. 78f(b)(5). BILLING CODE 8011–01–P 2 17 CFR 240.19b–4.
10 15 U.S.C. 78s(b)(3)(A)(iii). 3 15 U.S.C. 78s(b)(3)(A).
11 17 CFR 240.19b–4(f)(3). 12 17 CFR 200.30–3(a)(12). 4 17 CFR 240.19b–4(f)(2).

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