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45848 Federal Register / Vol. 72, No.

157 / Wednesday, August 15, 2007 / Notices

between the hours of 10 a.m. and 3 p.m. among other things, that the Exchange’s SECURITIES AND EXCHANGE
Copies of such filing also will be rules be designed to promote just and COMMISSION
available for inspection and copying at equitable principles of trade, to remove
the principal office of the CBOE. All impediments to and perfect the [Release No. 34–56228; File No. SR–
comments received will be posted mechanism for a free and open market NASDAQ–2007–056]
without change; the Commission does and a national market system, and, in
not edit personal identifying general, to protect investors and the Self-Regulatory Organizations; The
information from submissions. You public interest. NASDAQ Stock Market LLC; Notice of
should submit only information that The ISE proposes to remove Rule 403 Filing of Proposed Rule Change and
you wish to make available publicly. All (Nominal Employment), Rule 605 (Other Amendment No. 2 Thereto, To Modify
submissions should refer to File Affiliations of Registered Persons), and Pricing for Nasdaq Members Using the
Number SR–CBOE–2007–83 and should Rule 615 (Addressing of Nasdaq Market Center
be submitted on or before September 5, Communications to Customers). The
2007. Exchange believes that the concern August 8, 2007.
For the Commission, by the Division of addressed by Rule 403, which prohibits Pursuant to Section 19(b)(1) of the
Market Regulation, pursuant to delegated members from obtaining business by Securities Exchange Act of 1934
authority.12 employing a person in a nominal (‘‘Act’’),1 and Rule 19b–4 thereunder,2
Florence E. Harmon, position, is adequately addressed in notice is hereby given that on June 1,
Deputy Secretary. existing Rule 406, which limits 2007, The NASDAQ Stock Market LLC
[FR Doc. E7–15901 Filed 8–14–07; 8:45 am] gratuities.6 The Exchange also believes
(‘‘Nasdaq’’) filed with the Securities and
BILLING CODE 8010–01–P that Rule 605, which effectively
Exchange Commission (‘‘Commission’’)
prohibits registered persons of its
members from engaging in outside the proposed rule change as described
SECURITIES AND EXCHANGE business activities unless approved by in Items I, II and III below, which Items
COMMISSION the Exchange or the member’s have been prepared by Nasdaq. On July
designated examining authority, is no 27, 2007, Nasdaq filed Amendment No.
[Release No. 34–56225; File No. SR–ISE–
2007–32] longer necessary given significant 1. On August 6, 2007, Nasdaq withdrew
market structure changes.7 Lastly, the Amendment No. 1 and filed
Self-Regulatory Organizations; Exchange believes that Rule 615 is Amendment No. 2, which replaced the
International Securities Exchange, unnecessary as ISE members are also text of the original filing in its entirety.
LLC; Order Approving Proposed Rule subject to ISE Rules 600 and 2114, The Commission is publishing this
Change as Modified by Amendment which effectively require ISE members notice to solicit comment on the
No. 1 Thereto To Remove Certain that do a public business to be proposed rule change, as amended, from
Rules From Its Rulebook registered with FINRA, and the interested persons.
August 8, 2007.
Exchange believes that the FINRA rules
pertaining to the customer I. Self-Regulatory Organization’s
On May 9, 2007, the International Statement of the Terms of Substance of
Securities Exchange, LLC (the communication policies for its members
conducting a public business should the Proposed Rule Change
‘‘Exchange’’ or the ‘‘ISE’’), filed with the
Securities and Exchange Commission sufficiently address the topic covered by Nasdaq proposes to modify pricing for
(‘‘Commission’’), pursuant to Section Rule 615. The Commission therefore the Nasdaq Market Center. Nasdaq will
19(b)(1) of the Securities Exchange Act believes it is consistent with the Act for make the proposed rule change effective
of 1934 (‘‘Act’’) 1 and Rule 19b–4 the Exchange to delete these rules. retroactively as of February 12, 2007.
thereunder,2 a proposed rule change to It is therefore ordered, pursuant to
Section 19(b)(2) of the Act,8 that the The text of the proposed rule change
remove certain ISE rules. On June 8, appears below. Proposed new language
2007, ISE filed Amendment No. 1 to the proposed rule change (File No. SR–ISE–
2007–32), as modified by Amendment is italicized and proposed deletions are
proposed rule change. The proposed
No. 1, be, and hereby is, approved. in brackets.3
rule change was published for comment
in the Federal Register on June 27, For the Commission, by the Division of * * * * *
2007.3 The Commission received no Market Regulation, pursuant to delegated
authority.9 7013. Consolidated Quotation Service and
comments on the proposal.
The Commission finds that the Exchange-Listed Securities Transaction
Florence E. Harmon, Credit
proposed rule change is consistent with
the requirements of the Act and the Deputy Secretary. (a) No change.
rules and regulations thereunder [FR Doc. E7–15902 Filed 8–14–07; 8:45 am]
(b) Nasdaq members that trade
applicable to a registered securities BILLING CODE 8010–01–P
securities listed on [the NYSE (‘‘Tape
exchange.4 In particular, the A’’) and] Amex (‘‘Tape B’’) through
Commission finds that the proposed 6 Rule 406 prohibits a member from giving any
Nasdaq may receive from Nasdaq
rule change is consistent with Section compensation or gratuity in any one year in excess
of $50.00 to any employee of the Exchange or in transaction credits based on the number
6(b)(5) of the Act,5 which requires, excess of $100.00 to any employee of any other
member or of any non-member broker, dealer, bank
12 17 CFR 200.30–3(a)(12). or institution, without the prior consent of the
1 15 U.S.C. 78s(b)(1). employer and of the Exchange.
2 17 CFR 240.19b–4. 7 The Exchange also notes that rules of the
3 See Securities Exchange Act Release No. 55936 Financial Industry Regulatory Authority Inc.
ebenthall on PROD1PC69 with NOTICES

1 15 U.S.C. 78s(b)(1).
(June 21, 2007), 72 FR 35276 (‘‘Notice’’). (‘‘FINRA’’)(f/k/a the National Association of
2 17 CFR 240.19b–4.
4 In approving this proposal, the Commission Securities Dealers, Inc.) governing its members’
considered the proposed rule’s impact on dealing with the public do not have a comparable 3 Changes are marked to the rule text that appears

efficiency, competition and capital formation. 15 provision. in the electronic Nasdaq Manual found at http://
U.S.C. 78c(f). 8 15 U.S.C. 78s(b)(2).
nasdaq.complinet.com.
5 15 U.S.C. 78f(b)(5). 9 17 CFR 200.30–3(a)(12).

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