[Federal Register Volume 77, Number 128 (Tuesday, July 3, 2012)]
[Notices]
[Pages 39545-39547]
[FR Doc No: 2012-16222]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-67284; File No. SR-ISE-2012-58]

Self-Regulatory Organizations; International Securities Exchange,
LLC; Notice of Filing of Proposed Rule Change To List and Trade Option
Contracts Overlying 10 Shares of a Security

June 27, 2012.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that
on June 20, 2012, the International Securities Exchange, LLC
(``Exchange'' or ``ISE'') filed with the Securities and Exchange
Commission (``Commission'') the proposed rule change as described in
Items I and II below, which items have been prepared by the self-
regulatory organization. The Commission is publishing this notice to
solicit comments on the proposed rule change from interested persons.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    The Exchange proposes to list and trade option contracts overlying
10 shares of a security (``Mini Options''). The text of the proposed
rule change is available on the Exchange's Internet Web site at http://www.ise.com, at the principal office of the Exchange, and at the
Commission's Public Reference Room.

II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change

    In its filing with the Commission, the self-regulatory organization
included statements concerning the purpose of, and basis for, the
proposed rule change and discussed any comments it received on the
proposed rule change. The text of these statements may be examined at
the places specified in Item IV below. The self-regulatory organization
has prepared summaries, set forth in sections A, B and C below, of the
most significant aspects of such statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change

1. Purpose
    Pursuant to ISE Rule 502, the Exchange currently lists and trades
standardized options contracts on a number of equities and Exchange-
Traded Fund Shares (``ETFs''), each with a unit of trading of 100
shares. The purpose of this proposed rule change is to expand
investors' choices by listing and trading option contracts on a select
number of high-priced and actively traded securities, each with a unit
of trading ten times lower than those of the regular-sized option
contracts, or 10 shares. Specifically, the Exchange proposes to list
and trade Mini Options overlying five (5) high-priced securities for
which the standard contract overlying the same security exhibits
significant liquidity.\3\ The Exchange believes that Mini Options will
appeal to retail investors who may not currently be able to participate
in the trading of options on such high priced securities.
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    \3\ The Exchange proposes to list Mini Options on SPDR S&P 500
(``SPY''), Apple, Inc. (``AAPL''), SPDR Gold Trust (``GLD''), Google
Inc. (``GOOG'') and Amazon.com Inc. (``AMZN''). These issues were
selected because they are priced greater than $100 and are among the
most actively traded issues, in that the standard contract exhibits
average daily volume (``ADV'') over the previous three calendar
months of at least 45,000 contracts, excluding LEAPS and FLEX
series. The Exchange notes that any expansion of the program would
require that a subsequent proposed rule change be submitted to the
Commission.
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    Except for the difference in the deliverable of shares, the
proposed Mini Options would have the same terms and contract
characteristics as regular-sized equity and ETF options, including
exercise style. All existing Exchange rules applicable to options on
equities and ETFs would apply to Mini Options, except with respect to
position and exercise limits and hedge exemptions to those position
limits, which would be tailored for the smaller size. Pursuant to
proposed amendments to Rule 412, position limits applicable to the
regular-sized option contract will also apply to the Mini Options on
the same underlying security, with 10 Mini Option contracts counting as
one regular-sized contract. Positions in both the regular-sized option
contract and Mini Options on the same security will be combined for
purposes of calculating positions. Further, hedge exemptions will apply
pursuant to ISE Rule 413(a), which the Exchange proposes to revise to
provide that 10 (as opposed to 100) shares of the underlying security
in [sic] the appropriate hedge for Mini Options and to make clear that
the hedge exemptions apply to the position limits set forth in Rule
412(a) and any Supplementary Material thereto, as well as the position
limits set forth in Rule 412(d).\4\
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    \4\ ISE Rule 414, Exercise Limits, refers to exercise limits
that correspond to aggregate long positions as described in ISE Rule
412. The position limit established in a given option under ISE Rule
412 is also the exercise limit for such option. Thus, although the
proposed rule change would not amend the text of ISE Rule 414
itself, the proposed amendment to ISE Rule 412 would have a
corresponding effect to the exercise limits established in ISE Rule
414.
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    The Exchange believes that the proposal to list Mini Options will
not lead to investor confusion. There are two important distinctions
between Mini Options and regular-sized options that are designed to
ease the likelihood of any investor confusion. First, the premium
multiplier for the proposed Mini Options will be 10, rather than 100,
to reflect the smaller unit of trading. To reflect this change, the
Exchange proposes to add Rule 709(c) which notes that bids and offers
for an option contract overlying 10 shares will be expressed in terms
of dollars per \1/10\th part of the total value of the

contract. Thus, an offer of ``.50'' shall represent an offer of $5.00
on an option contract having a unit of trading consisting of 10 shares.
Second, the Exchange intends to designate Mini Options with different
trading symbols than that designated for the regular-sized contract.
For example, while the trading symbol for regular option contracts for
Apple, Inc. is AAPL, the Exchange proposes to adopt AAPL7 as the
trading symbol for Mini Options on that same security.
    The Exchange proposes to add Supplementary Material .12(b) to
reflect that strike prices for Mini Options shall be set at the same
level as for regular options. For example, a call series strike price
to deliver 10 shares of stock at $125 per share has a total deliverable
value of $1250, and the strike price will be set at 125. Further,
pursuant to proposed new Supplementary Material .12(c) to Rule 504, the
Exchange proposes to not permit the listing of additional series of
Mini Options if the underlying is trading at $90 or less to limit the
number of strikes once the underlying is no longer a high priced
security. The Exchange proposes a $90.01 minimum for continued
qualification so that additional series of Mini Options that correspond
to standard strikes may be added even though the underlying has fallen
slightly below the initial qualification standard. In addition, the
underlying security must be trading above $90 for five consecutive days
before the listing of Mini Option contracts in a new expiration month.
This restriction will allow the Exchange to list strikes in Mini
Options without disruption when a new expiration month is added even if
the underlying has had a minor decline in price.
    The same trading rules applicable to existing equity and ETF
options will apply to Mini Options. The Exchange notes that by listing
the same strike price for Mini Options as for regular options, the
Exchange seeks to keep intact the long-standing relationship between
the underlying security and an option strike price thus allowing
investors to intuitively grasp the option's value, i.e., option is in
the money, at the money or out of the money. The Exchange believes that
by not changing anything but the multiplier and the option symbol, as
discussed above, retail investors will be able to grasp the distinction
between regular option contracts and Mini Options. The Exchange notes
that The Options Clearing Corporation (``OCC'') Symbology is structured
for contracts that have a deliverable of other than 100 shares to be
designated with a numeric added to the standard trading symbol.
Further, the Exchange believes that the contract characteristics of
Mini Options are consistent with the terms of the Options Disclosure
Document.
    With regard to the impact of this proposal on system capacity, ISE
has analyzed its capacity and represents that it and the Options Price
Reporting Authority have the necessary systems capacity to handle the
potential additional traffic associated with the listing and trading of
Mini Options. The Exchange has further discussed the proposed listing
and trading of Mini Options with the OCC, which has represented that it
is able to accommodate the proposal.
2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent
with the provisions of Section 6 of the Securities and [sic] Exchange
Act of 1934 (``Exchange Act''),\5\ in general, and with Section 6(b)(5)
of the Exchange Act,\6\ in particular, in that the proposal is designed
to prevent fraudulent and manipulative acts and practices, to promote
just and equitable principles of trade, to remove impediments to and
perfect the mechanism of a free and open market and a national market
system and, in general, to protect investors and the public interest.
Specifically, the Exchange believes that investors would benefit from
the introduction and availability of Mini Options by making options on
high priced securities more readily available and as an investing tool
at more affordable prices, particularly for average retail investors,
who otherwise may not be able to participate in trading options on high
priced securities. As noted above, the proposed rule change intends to
adopt a different trading symbol to distinguish Mini Options from
regular option contracts and therefore, ease any investor confusion as
to the product they are trading. Moreover, the proposed rule change is
designed to protect investors and the public interest by providing
investors with an enhanced tool to reduce risk in high priced
securities. In particular, Mini Options will provide retail customers
who invest in SPY, AAPL, GLD, GOOG and AMZN in lots of less than 100
shares with a means of protecting their investments that is currently
only available to those who have positions of 100 shares or more.
Further, the proposed rule change is limited to just five high-priced
securities to ensure that only securities that have significant options
liquidity and therefore, customer demand, are selected to have Mini
Options listed on them.
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    \5\ 15 U.S.C. 78f.
    \6\ 15 U.S.C. 78f(b)(5).
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B. Self-Regulatory Organization's Statement on Burden on Competition

    The proposed rule change does not impose any burden on competition
that is not necessary or appropriate in furtherance of the purposes of
the Act.

C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants or Others

    The Exchange has not solicited, and does not intend to solicit,
comments on this proposed rule change. The Exchange has not received
any unsolicited written comments from members or other interested
parties.

III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action

    Within 45 days of the date of publication of this notice in the
Federal Register or within such longer period (i) as the Commission may
designate up to 90 days of such date if it finds such longer period to
be appropriate and publishes its reasons for so finding or (ii) as to
which the self-regulatory organization consents, the Commission will:
    (A) By order approve or disapprove such proposed rule change, or
    (B) Institute proceedings to determine whether the proposed rule
change should be disapproved.

IV. Solicitation of Comments

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

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an email to<EMAIL_ADDRESS>Please include
File Number SR-ISE-2012-58 on the subject line.

Paper Comments

     Send paper comments in triplicate to Elizabeth M. Murphy,
Secretary, Securities and Exchange Commission, 100 F Street NE.,
Washington, DC 20549-1090.

All submissions should refer to File Number SR-ISE-2012-58. This file
number should be included on the

subject line if email 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 Web site viewing and printing in the Commission's Public
Reference Room, 100 F Street NE., Washington, DC 20549, on official
business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of
the filing also will be available for inspection and copying at the
principal office of the Exchange. 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 submissions should refer to
File Number SR-ISE-2012-58 and should be submitted on or before July
24, 2012.
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    \7\ 17 CFR 200.30-3(a)(12).

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\7\
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-16222 Filed 7-2-12; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register Volume 79, Number 138 (Friday, July 18, 2014)]
[Notices]
[Page 42004]
[FR Doc No: 2014-16850]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. ID-7484-000]

Richardson, Alan C.; Notice of Filing

    Take notice that on July 11, 2014, Alan C. Richardson submitted for
filing, an application for authority to hold interlocking positions,
pursuant to section 305(b) of the Federal Power Act (FPA), 16 U.S.C.
825d(b), part 45 of the Federal Energy Regulatory Commission's
(Commission) Rules of Practice and Procedure, 18 CFR part 45, and Order
No. 664.\1\
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    \1\ Commission Authorization to Hold Interlocking Positions, 112
FERC ] 61,298 (2005) (Order No. 664); order on reh'g, 114 FERC ]
61,142 (2006) (Order No. 664-A).
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    Any person desiring to intervene or to protest this filing must
file in accordance with Rules 211 and 214 of the Commission's Rules of
Practice and Procedure (18 CFR 385.211, 385.214). Protests will be
considered by the Commission in determining the appropriate action to
be taken, but will not serve to make protestants parties to the
proceeding. Any person wishing to become a party must file a notice of
intervention or motion to intervene, as appropriate. Such notices,
motions, or protests must be filed on or before the comment date. On or
before the comment date, it is not necessary to serve motions to
intervene or protests on persons other than the Applicant.
    The Commission encourages electronic submission of protests and
interventions in lieu of paper using the ``eFiling'' link at http://www.ferc.gov. Persons unable to file electronically should submit an
original and 5 copies of the protest or intervention to the Federal
Energy Regulatory Commission, 888 First Street NE., Washington, DC
20426.
    This filing is accessible on-line at http://www.ferc.gov, using the
``eLibrary'' link and is available for review in the Commission's
Public Reference Room in Washington, DC. There is an ``eSubscription''
link on the Web site that enables subscribers to receive email
notification when a document is added to a subscribed docket(s). For
assistance with any FERC Online service, please email
<EMAIL_ADDRESS>or call<PHONE_NUMBER> (toll free). For
TTY, call<PHONE_NUMBER>.
    Comment Date: 5:00 p.m. Eastern Time on August 1, 2014.

    Dated: July 11, 2014.
Nathaniel J. Davis, Sr.,
Deputy Secretary.
[FR Doc. 2014-16850 Filed 7-17-14; 8:45 am]
BILLING CODE 6717-01-P


[Federal Register: September 17, 2010 (Volume 75, Number 180)]
[Notices]
[Page 57017-57018]
[DOCID:fr17se10-80]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. CP10-497-000]

Venice Gathering System, LLC; Notice of Request Under Blanket
Authorization

September 10, 2010.
    Take notice that on September 3, 2010, Venice Gathering System, LLC
(VGS), 1000 Louisiana, Suite 4300, Houston, Texas 77002, filed a prior
notice request pursuant to sections 157.205 and 157.216 of the Federal
Energy Regulatory Commission's regulations under the Natural Gas Act
(NGA) and VGS's blanket certificate issued in Docket No. CP97-535-000,
for authorization to abandon certain offshore facilities. Specifically,
VGS seeks to abandon approximately 10.87 miles of 10- and 14-inch
diameter pipeline (the ST177 Pipeline), approximately 0.1 mile of 12-
inch diameter pipeline (the ST151 Pipeline), a related receiving
station (the South

Timbalier 177 Receiving Station), and appurtenances located offshore
Louisiana by sale to Chevron USA Inc. (CUSA) pursuant to a Purchase and
Sale Agreement by which the ownership of the Facilities will be
transferred to CUSA. VGS states no service will be abandoned by the
proposed abandonment, all as more fully set forth in the application,
which is on file with the Commission and open to public inspection. The
filing may also be viewed on the web at http://www.ferc.gov using the
``eLibrary'' link. Enter the docket number excluding the last three
digits in the docket number field to access the document. For
assistance, contact FERC at<EMAIL_ADDRESS>or call toll-
free,<PHONE_NUMBER> or TTY,<PHONE_NUMBER>.
    Any questions regarding the application should be directed to
counsel for Applicant, Mark K. Lewis, Esq., Bracewell & Giuliani, 2000
K St., NW., Suite 500, Washington, DC 20006, telephone no. (202) 828-
5834, facsimile no.<PHONE_NUMBER> and e-mail<EMAIL_ADDRESS>    Any person may, within 60 days after the issuance of the instant
notice by the Commission, file pursuant to Rule 214 of the Commission's
Procedural Rules (18 CFR 385.214) a motion to intervene or notice of
intervention. Any person filing to intervene or the Commission's staff
may, pursuant to section 157.205 of the Commission's Regulations under
the NGA (18 CFR 157.205) file a protest to the request. If no protest
is filed within the time allowed therefore, the proposed activity shall
be deemed to be authorized effective the day after the time allowed for
protest. If a protest is filed and not withdrawn within 30 days after
the time allowed for filing a protest, the instant request shall be
treated as an application for authorization pursuant to section 7 of
the NGA.
    The Commission strongly encourages electronic filings of comments,
protests, and interventions via the internet in lieu of paper. See 18
CFR 385.2001(a)(1)(iii) and the instructions on the Commission's Web
site (http://www.ferc.gov) under the ``e-Filing'' link.

Kimberly D. Bose,
Secretary.
[FR Doc. 2010-23214 Filed 9-16-10; 8:45 am]
BILLING CODE 6717-01-P


[Federal Register Volume 84, Number 34 (Wednesday, February 20, 2019)]
[Notices]
[Pages 5136-5137]
[FR Doc No: 2019-02756]

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SECURITIES AND EXCHANGE COMMISSION

Proposed Collection; Comment Request

Upon Written Request Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736

Extension:
    Form T-4, SEC File No. 270-124, OMB Control No. 3235-0107

    Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (``Commission'') is soliciting comments on the collection of
information summarized below. The Commission plans to submit this
existing collection

of information to the Office of Management and Budget for approval.
    Form T-4 (17 CFR 269.4) is a form used by an issuer to apply for an
exemption under Section 304(c) (15 U.S.C. 77ddd(c)) of the Trust
Indenture Act of 1939 (77 U.S.C. 77aaa et seq.). Form T-4 takes
approximately 5 hours per response to prepare and is filed by
approximately 3 respondents. We estimate that 25% of the 5 burden hours
(1 hour per response) is prepared by the filer for a total reporting
burden of 3 hours (1 hour per response x 3 responses).
    Written comments are invited on: (a) Whether this proposed
collection of information is necessary for the performance of the
functions of the agency, including whether the information will have
practical utility; (b) the accuracy of the agency's estimate of the
burden imposed by the collection of information; (c) ways to enhance
the quality, utility, and clarity of the information collected; and (d)
ways to minimize the burden of the collection of information on
respondents, including through the use of automated collection
techniques or other forms of information technology. Consideration will
be given to comments and suggestions submitted in writing within 60
days of this publication.
    An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless it displays a
currently valid control number.
    Please direct your written comments to Charles Riddle, Acting
Director/Chief Information Officer, Securities and Exchange Commission,
c/o Candace Kenner, 100 F Street NE, Washington, DC 20549; or send an
email to<EMAIL_ADDRESS>
    Dated: February 13, 2019.
Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2019-02756 Filed 2-19-19; 8:45 am]
 BILLING CODE 8011-01-P


[Federal Register Volume 77, Number 133 (Wednesday, July 11, 2012)]
[Notices]
[Pages 40945-40946]
[FR Doc No: 2012-16886]

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DEPARTMENT OF TRANSPORTATION

Federal Motor Carrier Safety Administration

[Docket No. FMCSA-2002-11714; FMCSA-2005-23099; FMCSA-2006-24783;
FMCSA-2008-0021; FMCSA-2010-0050; FMCSA-2010-0114]

Qualification of Drivers; Exemption Applications; Vision

AGENCY: Federal Motor Carrier Safety Administration (FMCSA), DOT.

ACTION: Notice of renewal of exemptions; request for comments.

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SUMMARY: FMCSA announces its decision to renew the exemptions from the
vision requirement in the Federal Motor Carrier Safety Regulations for
22 individuals. FMCSA has statutory authority to exempt individuals
from the vision requirement if the exemptions granted will not
compromise safety. The Agency has concluded that granting these
exemption renewals will provide a level of safety that is equivalent to
or greater than the level of safety maintained without the exemptions
for these commercial motor vehicle (CMV) drivers.

DATES: This decision is effective August 9, 2012. Comments must be
received on or before August 10, 2012.

ADDRESSES: You may submit comments bearing the Federal Docket
Management System (FDMS) numbers: Docket No. FMCSA-2002-11714; FMCSA-
2005-23099; FMCSA-2006-24783; FMCSA-2008-0021; FMCSA-2010-0050; FMCSA-
2010-0114, using any of the following methods:
     Federal eRulemaking Portal: Go to http://www.regulations.gov. Follow the on-line instructions for submitting
comments.
     Mail: Docket Management Facility; U.S. Department of
Transportation, 1200 New Jersey Avenue SE., West Building Ground Floor,
Room W12-140, Washington, DC 20590-0001.
     Hand Delivery or Courier: West Building Ground Floor, Room
W12-140, 1200 New Jersey Avenue SE., Washington, DC, between 9 a.m. and
5 p.m., Monday through Friday, except Federal Holidays.
     Fax: 1-202-493-2251.
    Instructions: Each submission must include the Agency name and the
docket number for this notice. Note that DOT posts all comments
received without change to http://www.regulations.gov, including any
personal information included in a comment. Please see the Privacy Act
heading below.
    Docket: For access to the docket to read background documents or
comments, go to http://www.regulations.gov at any time or Room W12-140
on the ground level of the West Building, 1200 New Jersey Avenue SE.,
Washington, DC, between 9 a.m. and 5 p.m., Monday through Friday,
except Federal holidays. The Federal Docket Management System (FDMS) is
available 24 hours each day, 365 days each year. If you want
acknowledgment that we received your comments, please include a self-
addressed, stamped envelope or postcard or print the acknowledgement
page that appears after submitting comments on-line.
    Privacy Act: Anyone may search the electronic form of all comments
received into any of our dockets by the name of the individual
submitting the comment (or of the person signing the comment, if
submitted on behalf of an association, business, labor union, etc.).
You may review DOT's Privacy Act Statement for the FDMS published in
the Federal Register on January 17, 2008 (73 FR 3316), or you may visit
http://edocket.access.gpo.gov/2008/pdf/E8-785.pdf.

FOR FURTHER INFORMATION CONTACT: Elaine M. Papp, Chief, Medical
Programs Division,<PHONE_NUMBER><EMAIL_ADDRESS>FMCSA,
Department of Transportation, 1200 New Jersey Avenue SE., Room W64-224,
Washington, DC 20590-0001. Office hours are from 8:30 a.m. to 5 p.m.
Monday through Friday, except Federal holidays.

SUPPLEMENTARY INFORMATION:

Background

    Under 49 U.S.C. 31136(e) and 31315, FMCSA may renew an exemption
from the vision requirements in 49 CFR 391.41(b)(10), which applies to
drivers of CMVs in interstate commerce, for a two-year period if it
finds ``such exemption would likely achieve a level of safety that is
equivalent to or greater than the level that would be achieved absent
such exemption.'' The procedures for requesting an exemption (including
renewals) are set out in 49 CFR part 381.

Exemption Decision

    This notice addresses 22 individuals who have requested renewal of
their exemptions in accordance with FMCSA procedures. FMCSA has
evaluated these 22 applications for renewal on their merits and decided
to extend each exemption for a renewable two-year period. They are:

David E. Balboni (MA)
Mark S. Berkheimer (PA)
Michael D. DeBerry (WV)
Tony K. Ellis (IN)
Jerry L. Gibson (FL)
Rici W. Giesseman (OH)
George R. House (MO)
Michael A. Jabro (MI)
Michael G. Martin (CT)
Michael M. Martinez (NM)
Robert L. McClain (MI)
Daniel E. Miller (VA)
Buddy W. Myrick (TX)
James L. Okonek (WI)
Aaron L. Paustian (IA)
John J. Pribanic (TX)
Alan J. Reynaldos (NJ)
Charles L. Rill, Sr. (MD)
John P. Rodrigues (TX)
Robert Smiley (NM)
Robert L. Sulfridge (KY)
Scott E. Tussey (KY)

    The exemptions are extended subject to the following conditions:
(1) That each individual has a physical examination every year (a) by
an ophthalmologist or optometrist who attests that the vision in the
better eye continues to meet the requirements in 49 CFR 391.41(b)(10),
and (b) by a medical examiner who attests that the individual is
otherwise physically qualified under 49 CFR 391.41; (2) that each
individual provides a copy of the ophthalmologist's or optometrist's
report to the medical examiner at the time of the annual medical
examination; and (3) that each individual provide a copy of the annual
medical certification to the employer for retention in the driver's
qualification file and retains a copy of the certification on his/her
person while driving for presentation to a duly authorized Federal,
State, or local enforcement official. Each exemption will be valid for
two years unless rescinded earlier by FMCSA. The exemption will be
rescinded if: (1) The person fails to comply with the terms and
conditions of the exemption; (2) the exemption has resulted in a lower
level

of safety than was maintained before it was granted; or (3)
continuation of the exemption would not be consistent with the goals
and objectives of 49 U.S.C. 31136(e) and 31315.

Basis for Renewing Exemptions

    Under 49 U.S.C. 31315(b)(1), an exemption may be granted for no
longer than two years from its approval date and may be renewed upon
application for additional two year periods. In accordance with 49
U.S.C. 31136(e) and 31315, each of the 22 applicants has satisfied the
entry conditions for obtaining an exemption from the vision
requirements (67 FR 15662; 67 FR 37907; 69 FR 26206; 71 FR 4194; 71 FR
13450; 71 FR 26601; 71 FR 32183; 71 FR 41310; 73 FR 9159; 73 FR 15568;
73 FR 27017; 73 FR 36955; 75 FR 14658; 75 FR 20882; 75 FR 28684; 75 FR
34210; 75 FR 34211; 75 FR 34212; 75 FR 36778; 75 FR 36779; 75 FR 38602;
75 FR 47888). Each of these 22 applicants has requested renewal of the
exemption and has submitted evidence showing that the vision in the
better eye continues to meet the requirement specified at 49 CFR
391.41(b)(10) and that the vision impairment is stable. In addition, a
review of each record of safety while driving with the respective
vision deficiencies over the past two years indicates each applicant
continues to meet the vision exemption requirements. These factors
provide an adequate basis for predicting each driver's ability to
continue to drive safely in interstate commerce. Therefore, FMCSA
concludes that extending the exemption for each renewal applicant for a
period of two years is likely to achieve a level of safety equal to
that existing without the exemption.

Request for Comments

    FMCSA will review comments received at any time concerning a
particular driver's safety record and determine if the continuation of
the exemption is consistent with the requirements at 49 U.S.C. 31136(e)
and 31315. However, FMCSA requests that interested parties with
specific data concerning the safety records of these drivers submit
comments by August 10, 2012.
    FMCSA believes that the requirements for a renewal of an exemption
under 49 U.S.C. 31136(e) and 31315 can be satisfied by initially
granting the renewal and then requesting and evaluating, if needed,
subsequent comments submitted by interested parties. As indicated
above, the Agency previously published notices of final disposition
announcing its decision to exempt these 22 individuals from the vision
requirement in 49 CFR 391.41(b)(10). The final decision to grant an
exemption to each of these individuals was made on the merits of each
case and made only after careful consideration of the comments received
to its notices of applications. The notices of applications stated in
detail the qualifications, experience, and medical condition of each
applicant for an exemption from the vision requirements. That
information is available by consulting the above cited Federal Register
publications.
    Interested parties or organizations possessing information that
would otherwise show that any, or all, of these drivers are not
currently achieving the statutory level of safety should immediately
notify FMCSA. The Agency will evaluate any adverse evidence submitted
and, if safety is being compromised or if continuation of the exemption
would not be consistent with the goals and objectives of 49 U.S.C.
31136(e) and 31315, FMCSA will take immediate steps to revoke the
exemption of a driver.

    Issued on: July 3, 2012.
Larry W. Minor,
Associate Administrator for Policy.
[FR Doc. 2012-16886 Filed 7-10-12; 8:45 am]
BILLING CODE 4910-EX-P


[Federal Register Volume 77, Number 25 (Tuesday, February 7, 2012)]
[Proposed Rules]
[Pages 6039-6042]
[FR Doc No: 2012-2739]

=======================================================================
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DEPARTMENT OF HOMELAND SECURITY

Coast Guard

33 CFR Part 100

[Docket No. USCG-2012-0039]
RIN 1625-AA08

Special Local Regulations; Savannah Tall Ships Challenge,
Savannah River, Savannah, GA

AGENCY: Coast Guard, DHS.

ACTION: Notice of proposed rulemaking.

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SUMMARY: The Coast Guard proposes to establish special local
regulations on the Savannah River in Savannah, Georgia during the
Savannah Tall Ships Challenge. The Savannah Tall Ships Challenge will
take place from Thursday, May 3, 2012 through Monday, May 7, 2012.
Approximately 15 vessels are anticipated to participate in the event.
These special local regulations are necessary to provide for the safety
of life and property on navigable waters of the United States during
the event. The special local regulations would establish the following
three areas: (1) Mooring zones; (2) buffer zones; and (3) a staging
area. First, mooring zones would be established around vessels
participating in the Savannah Tall Ships Challenge while the vessels
are moored at their mooring locations along the right and left
descending banks of the Savannah River in Savannah, Georgia. Second,
buffer zones would be established around vessels participating in the
Savannah Tall Ships Challenge as they transit from their mooring
locations on the Savannah River to the staging area. Third, a staging
area would be established, where vessels participating in the Savannah
Tall Ships Challenge will congregate before commencing their voyage to
the next port as part of the 2012 Tall Ships Challenge. Persons and
vessels that are not participating in the Savannah Tall Ships Challenge
would be prohibited from entering, transiting through, anchoring in, or
remaining within the mooring zones, buffer zones, or staging area
unless authorized by the Captain of the Port Savannah or a designated
representative.

DATES: Comments and related material must be received by the Coast
Guard on or before March 9, 2012. Requests for public meetings must be
received by the Coast Guard on or before February 16, 2012.

ADDRESSES: You may submit comments identified by docket number USCG-
2012-0039 using any one of the following methods:
    (1) Federal eRulemaking Portal: http://www.regulations.gov.
    (2) Fax:<PHONE_NUMBER>.
    (3) Mail: Docket Management Facility (M-30), U.S. Department of
Transportation, West Building Ground Floor, Room W12-140, 1200 New
Jersey Avenue SE., Washington, DC 20590-0001.
    (4) Hand delivery: Same as mail address above, between 9 a.m. and 5
p.m., Monday through Friday, except Federal holidays. The telephone
number is<PHONE_NUMBER>.
    To avoid duplication, please use only one of these four methods.
See the ``Public Participation and Request for Comments'' portion of
the SUPPLEMENTARY INFORMATION section below for instructions on
submitting comments.

FOR FURTHER INFORMATION CONTACT: If you have questions on this proposed
rule, call or email Chief Petty Officer Benjamin Mercado, Marine Safety
Unit Savannah Office of Waterways Management, Coast Guard; telephone
(912) 652-4353, email<EMAIL_ADDRESS>If you have questions
on viewing or submitting material to the docket, call Renee V. Wright,
Program Manager, Docket Operations, telephone<PHONE_NUMBER>.

SUPPLEMENTARY INFORMATION:

Public Participation and Request for Comments

    We encourage you to participate in this rulemaking by submitting
comments and related materials. All comments received will be posted
without change to http://www.regulations.gov and will include any
personal information you have provided.

Submitting Comments

    If you submit a comment, please include the docket number for this
rulemaking (USCG-2012-0039), indicate the specific section of this
document to which each comment applies, and provide a reason for each
suggestion or recommendation. You may submit your comments and material
online (via http://www.regulations.gov) or by fax, mail, or hand
delivery, but please use only one of these means. If you submit a
comment online via www.regulations.gov, it will be considered received
by the Coast Guard when you successfully transmit the comment. If you
fax, hand deliver, or mail your comment, it will be considered as
having been received by the Coast Guard when it is received at the
Docket Management Facility. We recommend that you include your name and
a mailing address, an email address, or a telephone number in the body
of your document so that we can contact you if we have questions
regarding your submission.
    To submit your comment online, go to http://www.regulations.gov,
click on the ``submit a comment'' box, which will then become
highlighted in blue. In the ``Document Type'' drop down menu select
``Proposed Rule'' and insert ``USCG-2012-0039'' in the ``Keyword'' box.
Click ``Search'' then click on the balloon shape in the ``Actions''
column. If you submit your comments by mail or hand delivery, submit
them in an unbound format, no larger than 8\1/2\ by 11 inches, suitable
for copying and electronic filing. If you submit comments by mail and
would like to know that they reached the Facility, please enclose a
stamped, self-addressed postcard or envelope. We will consider all
comments and material received during the comment period and may change
the rule based on your comments.

Viewing Comments and Documents

    To view comments, as well as documents mentioned in this preamble
as being available in the docket, go to http://www.regulations.gov,
click on the ``read comments'' box, which will then become highlighted
in blue. In the ``Keyword'' box insert ``USCG-2012-0039'' and click
``Search.'' Click the ``Open Docket Folder'' in the ``Actions'' column.
You may also visit the Docket Management Facility in Room W12-140 on
the ground floor of the Department of Transportation West Building,
1200 New Jersey Avenue SE., Washington, DC 20590, between 9 a.m. and 5
p.m., Monday through Friday, except Federal holidays. We have an
agreement with the Department of Transportation to use the Docket
Management Facility.

Privacy Act

    Anyone can search the electronic form of comments received into any
of our dockets by the name of the individual submitting the comment (or
signing the comment, if submitted on behalf of an association,
business, labor union, etc.). You may review a Privacy Act notice
regarding our public dockets in the January 17, 2008, issue of the
Federal Register (73 FR 3316).

Public Meeting

    We do not plan to hold a public meeting, but you may submit a
request for one on or before February 16, 2012 using one of the four
methods specified

under ADDRESSES. Please explain why you believe a public meeting would
be beneficial. If we determine that one would aid this rulemaking, we
will hold one at a time and place announced by a later notice in the
Federal Register.

Basis and Purpose

    The legal basis for the proposed rule is the Coast Guard's
authority to establish special local regulations: 33 U.S.C. 1233. The
purpose of the proposed rule is to insure safety of life and property
on navigable waters of the United States during the Savannah Tall Ships
Challenge.

Discussion of Proposed Rule

    From Thursday, May 3, 2012 through Monday, May 7, 2012, the
Savannah Tall Ships Challenge is scheduled to take place on the
Savannah River in Savannah, Georgia. Beginning on May 3, 2012,
participating vessels will moor at the downtown Savannah River
waterfront, along the right and left descending banks of the Savannah
River. The vessels will remain moored at these locations until May 7,
2012. On May 7, 2012 between 11:40 a.m. and 3 p.m., vessels
participating in the Savannah Tall Ships Challenge will transit the
Savannah River from their mooring locations to a staging area, where
they will congregate before heading to the next port in the 2012 Tall
Ships Challenge. The vessels are scheduled to depart the staging area
on May 7, 2012 between 3 p.m. and 4:30 p.m.
    The proposed rule would establish special local regulations on the
Savannah River in Savannah, Georgia during the Savannah Tall Ships
Challenge. The special local regulations would establish the following
three regulated areas.
    (1) Mooring Zones. All waters of the Savannah River within 25 yards
of vessels participating in the Savannah Tall Ships Challenge while
such vessels are moored. The mooring zones would be enforced from 10:30
a.m. on May 3, 2012 until 3 p.m. on May 7, 2012.
    (2) Buffer Zones. All waters of the Savannah River within 200 yards
of vessels participating in the Savannah Tall Ships Challenge as they
transit from their mooring locations to the staging area. The buffer
zones would be enforced from 11:30 a.m. until 3 p.m. on May 7, 2012.
    (3) Staging Area. All waters within a one nautical mile radius of
position 31[deg]57'47'' N, 80[deg]40'24'' W. The staging area would be
enforced from 11:30 a.m. until 4:30 p.m. on May 7, 2012.
    Notice of the special local regulations, including the names and
mooring locations of the vessels participating in the Savannah Tall
Ships Challenge and the identities of the lead safety vessel and the
last safety vessel as the vessels transit to the staging area, would be
provided prior to the event by Local Notice to Mariners and Broadcast
Notice to Mariners.
    Persons and vessels would be prohibited from entering, transiting
through, anchoring in, or remaining within any of the regulated areas
unless authorized by the Captain of the Port Savannah or a designated
representative. Persons and vessels would be able to request
authorization to enter, transit through, anchor in, or remain within
the regulated areas by contacting the Captain of the Port Savannah by
telephone at<PHONE_NUMBER>, or a designated representative via VHF
radio on channel 16. If authorization to enter, transit through, anchor
in, or remain within any of the regulated areas is granted by the
Captain of the Port Savannah or a designated representative, all
persons and vessels receiving such authorization would be required to
comply with the instructions of the Captain of the Port Savannah or a
designated representative.

Regulatory Analyses

    We developed this proposed rule after considering numerous statutes
and executive orders related to rulemaking. Below we summarize our
analyses based on 13 of these statutes or executive orders.

Regulatory Planning and Review

    Executive Orders 13563, Improving Regulation and Regulatory Review,
and 12866, Regulatory Planning and Review, direct agencies to assess
the costs and benefits of available regulatory alternatives and, if
regulation is necessary, to select regulatory approaches that maximize
net benefits (including potential economic, environmental, public
health and safety effects, distributive impacts, and equity). Executive
Order 13563 emphasizes the importance of quantifying both costs and
benefits, of reducing costs, of harmonizing rules, and of promoting
flexibility. This proposed rule has not been designated a significant
regulatory action under section 3(f) of Executive Order 12866.
Accordingly, the Office of Management and Budget has not reviewed this
proposed rule under Executive Order 12866.
    The economic impact of this proposed rule is not significant for
the following reasons: (1) The special local regulations would be
enforced for a total of 102 hours; (2) although persons and vessels
would not be able to enter, transit through, anchor in, or remain
within the regulated areas without authorization from the Captain of
the Port Savannah or a designated representative, they would be able to
operate in the surrounding area during the enforcement periods; (3)
persons and vessels would still be able to enter, transit through,
anchor in, or remain within the regulated areas if authorized by the
Captain of the Port Savannah or a designated representative; and (4)
the Coast Guard would provide advance notification of the safety zones
to the local maritime community by Local Notice to Mariners and
Broadcast Notice to Mariners.

Small Entities

    Under the Regulatory Flexibility Act (5 U.S.C. 601-612), we have
considered whether this proposed rule would have a significant economic
impact on a substantial number of small entities. The term ``small
entities'' comprises small businesses, not-for-profit organizations
that are independently owned and operated and are not dominant in their
fields, and governmental jurisdictions with populations of less than
50,000.
    The Coast Guard certifies under 5 U.S.C. 605(b) that this proposed
rule would not have a significant economic impact on a substantial
number of small entities. This proposed rule may affect the following
entities, some of which may be small entities: the owners or operators
of vessels intending to enter, transit through, anchor in, or remain
within that portion of the Savannah River encompassed within the
special local regulations from 10:30 a.m. on May 3, 2012 through 4:30
p.m. on May 7, 2012. For the reasons discussed in the Regulatory
Planning and Review section above, this proposed rule would not have a
significant economic impact on a substantial number of small entities.
    If you think that your business, organization, or governmental
jurisdiction qualifies as a small entity and that this proposed rule
would have a significant economic impact on it, please submit a comment
(see ADDRESSES) explaining why you think it qualifies and how and to
what degree this proposed rule would economically affect it.

Assistance for Small Entities

    Under section 213(a) of the Small Business Regulatory Enforcement
Fairness Act of 1996 (Pub. L. 104-121), we want to assist small
entities in understanding this proposed rule so that they can better
evaluate its effects on them and participate in the rulemaking.

If the proposed rule would affect your small business, organization, or
governmental jurisdiction and you have questions concerning its
provisions or options for compliance, please contact Chief Petty
Officer Benjamin Mercado, Marine Safety Unit Savannah Office of
Waterways Management, Coast Guard; telephone<PHONE_NUMBER>, email
<EMAIL_ADDRESS>The Coast Guard will not retaliate against
small entities that question or complain about this proposed rule or
any policy or action of the Coast Guard.

Collection of Information

    This proposed rule would call for no new collection of information
under the Paperwork Reduction Act of 1995 (44 U.S.C. 3501-3520).

Federalism

    A rule has implications for federalism under Executive Order 13132,
Federalism, if it has a substantial direct effect on State or local
governments and would either preempt State law or impose a substantial
direct cost of compliance on them. We have analyzed this proposed rule
under that Order and have determined that it does not have implications
for federalism.

Unfunded Mandates Reform Act

    The Unfunded Mandates Reform Act of 1995 (2 U.S.C. 1531-1538)
requires Federal agencies to assess the effects of their discretionary
regulatory actions. In particular, the Act addresses actions that may
result in the expenditure by a State, local, or Tribal government, in
the aggregate, or by the private sector of $100,000,000 or more in any
one year. Though this proposed rule would not result in such
expenditure, we do discuss the effects of this proposed rule elsewhere
in this preamble.

Taking of Private Property

    This proposed rule would not cause a taking of private property or
otherwise have taking implications under Executive Order 12630,
Governmental Actions and Interference with Constitutionally Protected
Property Rights.

Civil Justice Reform

    This proposed rule meets applicable standards in sections 3(a) and
3(b)(2) of Executive Order 12988, Civil Justice Reform, to minimize
litigation, eliminate ambiguity, and reduce burden.

Protection of Children

    We have analyzed this proposed rule under Executive Order 13045,
Protection of Children from Environmental Health Risks and Safety
Risks. This proposed rule is not an economically significant rule and
would not create an environmental risk to health or risk to safety that
might disproportionately affect children.

Indian Tribal Governments

    This proposed rule does not have Tribal implications under
Executive Order 13175, Consultation and Coordination with Indian Tribal
Governments, because it would not have a substantial direct effect on
one or more Indian Tribes, on the relationship between the Federal
Government and Indian Tribes, or on the distribution of power and
responsibilities between the Federal Government and Indian Tribes.

Energy Effects

    We have analyzed this proposed rule under Executive Order 13211,
Actions Concerning Regulations That Significantly Affect Energy Supply,
Distribution, or Use. We have determined that it is not a ``significant
energy action'' under that order because it is not a ``significant
regulatory action'' under Executive Order 12866 and is not likely to
have a significant adverse effect on the supply, distribution, or use
of energy. The Administrator of the Office of Information and
Regulatory Affairs has not designated it as a significant energy
action. Therefore, it does not require a Statement of Energy Effects
under Executive Order 13211.

Technical Standards

    The National Technology Transfer and Advancement Act (NTTAA) (15
U.S.C. 272 note) directs agencies to use voluntary consensus standards
in their regulatory activities unless the agency provides Congress,
through the Office of Management and Budget, with an explanation of why
using these standards would be inconsistent with applicable law or
otherwise impractical. Voluntary consensus standards are technical
standards (e.g., specifications of materials, performance, design, or
operation; test methods; sampling procedures; and related management
systems practices) that are developed or adopted by voluntary consensus
standards bodies.
    This proposed rule does not use technical standards. Therefore, we
did not consider the use of voluntary consensus standards.

Environment

    We have analyzed this proposed rule under Department of Homeland
Security Management Directive 023-01 and Commandant Instruction
M16475.lD, which guide the Coast Guard in complying with the National
Environmental Policy Act of 1969 (NEPA) (42 U.S.C. 4321-4370f), and
have made a preliminary determination that this action is one of a
category of actions that do not individually or cumulatively have a
significant effect on the human environment. This proposed rule
involves establishing special local regulations issued in conjunction
with a marine parade, as described in figure 2-1, paragraph (34)(h), of
the Instruction. Under figure 2-1, paragraph (34)(h), of the
Instruction, an environmental analysis checklist and a categorical
exclusion determination are not required for this proposed rule. We
seek any comments or information that may lead to the discovery of a
significant environmental impact from this proposed rule.

List of Subjects in 33 CFR Part 100

    Marine safety, Navigation (water), Reporting and recordkeeping
requirements, Waterways.

    For the reasons discussed in the preamble, the Coast Guard proposes
to amend 33 CFR part 100 as follows:

PART 165--SAFETY OF LIFE ON NAVIGABLE WATERS

    1. The authority citation for part 100 continues to read as
follows:

    Authority:  33 U.S.C. 1233.

    2. Add temporary Sec.  100.35T07-0039 to read as follows:

Sec.  100.35T07-0039  Special Local Regulations; Savannah Tall Ships
Challenge, Savannah River, Savannah, GA.

    (a) Regulated Areas. The following regulated areas are established
as special local regulations during the Savannah Tall Ships Challenge,
with the specific enforcement period for each of the regulated areas.
All coordinates are North American Datum 1983.
    (1) Mooring Zones. All waters of the Savannah River within 25 yards
of vessels participating in the Savannah Tall Ships Challenge while
such vessels are moored. These regulated areas will be enforced from
10:30 a.m. on May 3, 2012 until 3 p.m. on May 7, 2012.
    (2) Buffer Zones. All waters of the Savannah River within 200 yards
of vessels participating in the Savannah Tall Ships Challenge as they
transit from their mooring locations to the staging area. These
regulated areas will be enforced from 11:30 a.m. until 3 p.m. on May 7,
2012.
    (3) Staging Area. All waters within a one nautical mile radius of
position 31 [deg]57'47'' N 80 [deg]40'24 W. This regulated area will be
enforced from 11:30 a.m. until 4:30 p.m. on May 7, 2012.

    (b) Definition. The term ``designated representative'' means Coast
Guard Patrol Commanders, including Coast Guard coxswains, petty
officers, and other officers operating Coast Guard vessels, and
Federal, state, and local officers designated by or assisting the
Captain of the Port Savannah in the enforcement of the regulated areas.
    (c) Regulations.
    (1) All persons and vessels are prohibited from entering,
transiting through, anchoring in, or remaining within the regulated
areas unless authorized by the Captain of the Port Savannah or a
designated representative.
    (2) Persons and vessels desiring to enter, transit through, anchor
in, or remain within the regulated areas may contact the Captain of the
Port Savannah by telephone at<PHONE_NUMBER>, or a designated
representative via VHF radio on channel 16, to request authorization.
If authorization to enter, transit through, anchor in, or remain within
the regulated areas is granted by the Captain of the Port Savannah or a
designated representative, all persons and vessels receiving such
authorization must comply with the instructions of the Captain of the
Port Savannah or a designated representative.
    (3) The Coast Guard will provide notice of the regulated areas,
including the names and mooring locations of the vessels participating
in the Savannah Tall Ships Challenge and the identities of the lead
safety vessel and the last safety vessel as the vessels transit to the
staging area, prior to the event by Local Notice to Mariners and
Broadcast Notice to Mariners. Notice will also be provided by on-scene
designated representatives.
    (d) Enforcement Date. This rule will be enforced from 10:30 a.m. on
May 3, 2012 through 4:30 p.m. on May 7, 2012.

    Dated: January 25, 2012.
J.B. Loring,
Commander, U.S. Coast Guard, Captain of the Port Savannah.
[FR Doc. 2012-2739 Filed 2-6-12; 8:45 am]
BILLING CODE 9110-04-P


[Federal Register: October 31, 2007 (Volume 72, Number 210)]
[Notices]
[Page 61697-61699]
[DOCID:fr31oc07-139]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-56699; File No. SR-ISE-2007-100]

Self-Regulatory Organizations; International Securities Exchange,
LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule
Change Relating to Fee Changes

October 24, 2007.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given
that on October 17, 2007, the International Securities Exchange, LLC
(``ISE'' or ``Exchange'') filed with the Securities and Exchange

Commission (``Commission'') the proposed rule change as described in
Items I, II, and III below, which Items have been substantially
prepared by the ISE. The ISE has designated this proposal as one
establishing or changing a due, fee, or other charge applicable only to
a member under Section 19(b)(3)(A)(ii) of the Act,\3\ and Rule 19b-
4(f)(2) thereunder,\4\ which renders the proposal effective upon filing
with the Commission. The Commission is publishing this notice to
solicit comments on the proposed rule change from interested persons.
---------------------------------------------------------------------------

    \1\ 5 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ 15 U.S.C. 78s(b)(3)(A)(ii).
    \4\ 17 CFR 240.19b-4(f)(2).
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    The ISE proposes to amend its Schedule of Fees to reflect the
expiration of fee waivers related to foreign currency options traded on
the Exchange. The text of the proposed rule change is available at the
Exchange, the Commission's Public Reference Room, and at http://www.ise.com
.

II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change

    In its filing with the Commission, the ISE included statements
concerning the purpose of, and basis for, the proposed rule change and
discussed any comments it received on the proposed rule change. The
text of these statements may be examined at the places specified in
Item IV below. The ISE has prepared summaries, set forth in Sections A,
B, and C below, of the most significant aspects of such statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change

1. Purpose
    The purpose of this proposed rule change is to amend the ISE
Schedule of Fees to reflect the expiration of fee waivers related to
foreign currency options traded on the Exchange, referred to in the
Schedule of Fees as ``FX options.'' The Exchange adopted certain fee
waivers related to FX options on April 17, 2007,\5\ which is the day
the Exchange began trading in FX options.\6\
---------------------------------------------------------------------------

    \5\ See Securities Exchange Act Release No. 55704 (May 3, 2007),
72 FR 26663 (May 10, 2007).
    \6\ See Securities Exchange Act Release No. 55575 (April 3,
2007), 72 FR 17963 (April 10, 2007) (order approving the listing and
trading of Foreign Currency Options).
---------------------------------------------------------------------------

    In order to promote trading in FX options, for a three month period
beginning April 17, 2007, the Exchange waived (1) all transaction fees
applicable to members that trade in FX options, (2) the monthly access
fee applicable to ISE market makers, and (3) one API for each class of
market maker in FX options. These fee waivers expired on October 17,
2007. The Exchange thus proposes to remove language related to these
fee waivers from its Schedule of Fees.\7\
---------------------------------------------------------------------------

    \7\ The Exchange will, however, keep certain exemptions related
to foreign currency options fees in place: (1) FXPMMs will continue
to be exempt from the Minimum Fee applicable to Primary Market
Makers, and (2) FXPMMs and FXCMMs will continue to be exempt from
the Inactivity Fee applicable to Primary Market Makers and
Competitive Market Makers. See supra, Note 5 (citing to Release No.
34-55704).
---------------------------------------------------------------------------

2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent
with the objectives of Section 6 of the Act,\8\ in general, and
furthers the objectives of Section 6(b)(4),\9\ in particular, in that
it is designed to provide for the equitable allocation of reasonable
dues, fees and other charges among its members and other persons using
its facilities.
---------------------------------------------------------------------------

    \8\ 15 U.S.C. 78f(b).
    \9\ 15 U.S.C. 78f(b)(4).
---------------------------------------------------------------------------

B. Self-Regulatory Organization's Statement on Burden on Competition

    The proposed rule change does not impose any burden on competition
that is not necessary or appropriate in furtherance of the purposes of
the Act.

C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants or Others

    The Exchange has not solicited, and does not intend to solicit,
comments on this proposed rule change. The Exchange has not received
any unsolicited written comments from members or other interested
parties.

III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action

    The foregoing rule change has become effective pursuant to Section
19(b)(3)(A) of the Act \10\ and Rule 19b-4(f)(2) \11\ thereunder
because it establishes or changes a due, fee, or other charge
applicable only to a member. At any time within 60 days of the filing
of such proposed rule change, the Commission may summarily abrogate
such rule change if it appears to the Commission that such action is
necessary or appropriate in the public interest, for the protection of
investors, or otherwise in furtherance of the purposes of the Act.
---------------------------------------------------------------------------

    \10\ 15 U.S.C. 78s(b)(3)(A).
    \11\ 17 CFR 240.19b-4(f)(2).
---------------------------------------------------------------------------

IV. Solicitation of Comments

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

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml.
); or     Send an e-mail to<EMAIL_ADDRESS>Please include

File No. SR-ISE-2007-100 on the subject line.

Paper Comments

     Send paper comments in triplicate to Nancy M. Morris,
Secretary, Securities and Exchange Commission, Station Place, 100 F
Street, NE., Washington, DC 20549-1090.

All submissions should refer to File Number SR-ISE-2007-100. 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, 100 F Street, NE.,
Washington, DC 20549, on official business days between the hours of 10
a.m. and 3 p.m. Copies of such filing also will be available for
inspection and copying at the principal office of the ISE. 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
submissions should refer to File Number SR-ISE-2007-100 and should be
submitted on or before November 21, 2007.

    For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\12\
---------------------------------------------------------------------------

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

Nancy M. Morris,
Secretary.
 [FR Doc. E7-21386 Filed 10-30-07; 8:45 am]

BILLING CODE 8011-01-P