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23280 Federal Register / Vol. 73, No.

83 / Tuesday, April 29, 2008 / Notices

discuss the U.S. Department of Energy’s limit may have to be imposed on 52.8, which governs the handling of
Total System Performance Assessment individual remarks. odd-lot orders. The text of the proposed
of a proposed repository for spent Transcripts of the meeting will be rule change is available at the
nuclear fuel and high-level radioactive available on the Board’s Web site, by e- Exchange’s principal office, the
waste at Yucca Mountain in Nevada. mail, on computer disk, and on a Commission’s Public Reference Room,
Pursuant to its authority under library-loan basis in paper format from and http://www.cboe.com.
section 5051 of Public Law 100–203, at Davonya Barnes of the Board’s staff no
8 a.m. on Thursday, May 29, 2008, the later than June 23, 2008. II. Self-Regulatory Organization’s
U.S. Nuclear Waste Technical Review For more information, contact Karyn Statement of the Purpose of, and
Board will meet in Las Vegas, Nevada, Severson, NWTRB External Affairs: Statutory Basis for, the Proposed Rule
to discuss the U.S. Department of 2300 Clarendon Boulevard, Suite 1300, Change
Energy’s (DOE) total system Arlington, VA 22201–3367, (tel) 703–
performance assessment (TSPA) of the 235–4473, (fax) 703–235–4495. In its filing with the Commission, the
proposed repository for spent nuclear Exchange included statements
Dated: April 22, 2008.
fuel and high-level radioactive waste at concerning the purpose of, and basis for,
Yucca Mountain in Nevada. TSPA is a William D. Barnard, the proposed rule change and discussed
comprehensive computational analysis Executive Director, Nuclear Waste Technical any comments it received on the
used by DOE for assessing the ability of Review Board.
proposed rule change. The text of these
the potential repository to provide long- [FR Doc. E8–9226 Filed 4–28–08; 8:45 am] statements may be examined at the
term isolation and containment of BILLING CODE 6820–AM–M places specified in Item IV below. The
radionuclides. The Board was charged Exchange has prepared summaries, set
in the Nuclear Waste Policy forth in Sections A, B, and C below, of
Amendments Act of 1987 with SECURITIES AND EXCHANGE the most significant aspects of such
conducting an independent review of COMMISSION statements.
the technical and scientific validity of
[Release No. 34–57702; File No. SR–CBOE– A. Self-Regulatory Organization’s
DOE activities related to
2008–48]
implementation of the Nuclear Waste Statement of the Purpose of, and
Policy Act, including disposing of, Self-Regulatory Organizations; Statutory Basis for, the Proposed Rule
packaging, and transporting spent Chicago Board Options Exchange, Change
nuclear fuel and high-level radioactive Incorporated; Notice of Filing and
waste. 1. Purpose
Immediate Effectiveness of Proposed
The meeting, which will be open to Rule Change Regarding the Handling The purpose of this proposed rule
the public, will be held in the of Odd-lot Orders on the CBOE Stock
Chancellor I Room of the Embassy change is to revise CBSX Rule 52.8,
Exchange which governs the handling of odd-lot
Suites Convention Center Hotel; 3600
Paradise Road; Las Vegas, Nevada April 23, 2008. orders. Currently, a marketable odd-lot
89169; (tel) 702–893–8000; (fax) 702– Pursuant to Section 19(b)(1) of the order received by CBSX is executed
893–0708. A block of rooms has been Securities Exchange Act of 1934 against the best price being displayed by
reserved under ‘‘NWTRB’’ at the (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 CBSX Market-Makers. As proposed, an
meeting hotel, and the telephone notice is hereby given that on April 22, odd-lot order (including the odd-lot
number for reservations is 888–243– 2008, the Chicago Board Options portion of a mixed-lot order) received by
9146. To receive the meeting rate, please Exchange, Incorporated (‘‘Exchange’’ or CBSX would be displayed to CBSX
make your reservations no later than ‘‘CBOE’’) filed with the Securities and Traders for a period of time not to
May 2. Exchange Commission (‘‘Commission’’) exceed one second as determined by
The agenda will be on the World the proposed rule change as described CBSX. The exposure would also include
Wide Web at http://www.nwtrb.gov and in Items I, II, and III below, which Items information regarding the applicable
will be available on request have been substantially prepared by the NBBO price for that product. Responses
approximately one week before the Exchange. The Exchange has designated to trade against the odd-lot order could
meeting date. Board Chairman B. John this proposal as one effecting a change be submitted only at the applicable
Garrick will call the meeting to order. in an existing order-entry or trading NBBO price or better and would have to
Dr. Garrick’s opening remarks will be system pursuant to Section be for the full size of the odd-lot order.
followed by an overview of DOE Office 19(b)(3)(A)(iii) of the Act 3 and Rule The first CBSX Trader to respond would
of Civilian Radioactive Waste 19b–4(f)(5) thereunder,4 which renders trade against the odd-lot order. If no
Management program activities and it effective upon filing with the responses are received, then the order
plans. The balance of the agenda will be Commission. The Commission is would trade against the best price being
devoted to a discussion of the models, publishing this notice to solicit
assumptions, and results of the TSPA displayed by a CBSX Market-Maker. If
comments on the proposed rule change the odd-lot order has a limit price that
that will be submitted by DOE to the from interested persons.
Nuclear Regulatory Commission as part is not marketable, it would be entered
of an application for authorization to I. Self-Regulatory Organization’s into an odd-lot order book, where CBSX
begin construction of a Yucca Mountain Statement of the Terms of Substance of Traders may submit orders to trade
repository. the Proposed Rule Change against resting interest. A final feature of
Time will be set aside at the end of the proposal is that odd-lot order
The Exchange proposes to change
the day for public comments. Those senders would be able to specify that, if
sroberts on PROD1PC70 with NOTICES

CBOE Stock Exchange (‘‘CBSX’’) Rule


wanting to speak are encouraged to sign an NBBO execution is not attainable, the
the public comment register at the 1 15 U.S.C. 78s(b)(1).
order should be cancelled. The
check-in table. Although written 2 17 CFR 240.19b–4. Exchange believes this new method for
comments of any length may be 3 15 U.S.C. 78s(b)(3)(A)(iii). handling odd-lot orders will result in
submitted for the public record, a time 4 17 CFR 240.19b–4(f)(5). better executions for odd-lots orders.

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Federal Register / Vol. 73, No. 83 / Tuesday, April 29, 2008 / Notices 23281

2. Statutory Basis Comments may be submitted by any of SECURITIES AND EXCHANGE


The Exchange believes the proposed the following methods: COMMISSION
rule change is consistent with Section Electronic Comments [Release No. 34–57701; File No. SR–
6(b) of the Act 5 in general and furthers NYSEArca–2008–20]
the objectives of Section 6(b)(5) of the • Use the Commission’s Internet
Act 6 in particular in that, by offering comment form (http://www.sec.gov/ Self-Regulatory Organizations; NYSE
opportunities for price improvement for rules/sro.shtml); or Arca, Inc.; Order Granting Approval of
odd-lot orders, it is designed to promote • Send an e-mail to rule- Proposed Rule Change, as Modified by
just and equitable principles of trade comments@sec.gov. Please include File Amendment No. 1 Thereto, To Adopt
and to remove impediments to and No. SR–CBOE–2008–48 on the subject Listing Rules Relating to Fixed Income
perfect the mechanism of a free and line. Index-Linked Securities, Futures-
open market and a national market Linked Securities, and Multifactor
system. Paper Comments Index-Linked Securities
B. Self-Regulatory Organization’s • Send paper comments in triplicate April 23, 2008.
Statement on Burden on Competition to Nancy M. Morris, Secretary, I. Introduction
The Exchange does not believe that Securities and Exchange Commission,
the proposed rule change will impose 100 F Street, NE., Washington, DC On February 14, 2008, NYSE Arca,
any burden on competition not 20549–1090. Inc. (‘‘NYSE Arca’’ or ‘‘Exchange’’),
necessary or appropriate in furtherance through its wholly owned subsidiary,
of the purposes of the Act All submissions should refer to File NYSE Arca Equities, Inc. (‘‘NYSE Arca
Number SR–CBOE–2008–48. This file Equities’’), filed with the Securities and
C. Self-Regulatory Organization’s number should be included on the Exchange Commission (‘‘Commission’’),
Statement on Comments on the subject line if e-mail is used. To help the pursuant to Section 19(b)(1) of the
Proposed Rule Change Received From Commission process and review your Securities Exchange Act of 1934
Members, Participants or Others comments more efficiently, please use (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a
No written comments were solicited only one method. The Commission will proposed rule change to adopt generic
or received with respect to the proposed post all comments on the Commissions listing standards for Fixed Income
rule change. Internet Web site (http://www.sec.gov/ Index-Linked Securities, Futures-Linked
rules/sro.shtml). Copies of the Securities, and Multifactor Index-
III. Date of Effectiveness of the submission, all subsequent Linked Securities. On March 14, 2008,
Proposed Rule Change and Timing for amendments, all written statements the Exchange filed Amendment No. 1 to
Commission Action with respect to the proposed rule the proposed rule change. The proposed
The Exchange has designated this change that are filed with the rule change, as amended, was published
proposal as effecting a change in an Commission, and all written for comment in the Federal Register on
existing order-entry or trading system communications relating to the March 24, 2008.3 The Commission
that: (i) Does not significantly affect the proposed rule change between the received no comments on the proposal.
protection of investors or the public Commission and any person, other than This order approves the proposed rule
interest; (ii) does not impose any those that may be withheld from the change, as modified by Amendment No.
significant burden on competition; and public in accordance with the 1 thereto.
(iii) does not have the effect of limiting provisions of 5 U.S.C. 552, will be II. Description of the Proposal
the access to or availability of the available for inspection and copying in
system, thereby qualifying this proposal the Commission’s Public Reference The Exchange proposes to amend
for filing under Section 19(b)(3)(A)(iii) Room, 100 F Street, NE., Washington, NYSE Arca Equities Rule 5.2(j)(6) 4 to
of the Act 7 and Rule 19b–4(f)(5) DC 20549, on official business days 1 15 U.S.C. 78s(b)(1).
thereunder,8 which renders the proposal between the hours of 10 a.m. and 3 p.m. 2 17 CFR 240.19b–4.
effective upon filing with the Copies of such filing also will be 3 See Securities Exchange Act Release No. 57505
Commission. available for inspection and copying at (March 14, 2008), 73 FR 15550.
At any time within 60 days of the the principal office of the Exchange. All 4 NYSE Arca Equities Rule 5.2(j)(6) currently sets

filing of the proposed rule change, the comments received will be posted forth the Exchange’s generic listing standards for
Commission may summarily abrogate without change; the Commission does
Equity Index-Linked Securities, Commodity-Linked
such rule change if it appears to the Securities, and Currency-Linked Securities. See
not edit personal identifying NYSE Arca Equities Rule 5.2(j)(6). Equity Index-
Commission that such action is information from submissions. You Linked Securities are securities that provide for the
necessary or appropriate in the public should submit only information that payment at maturity of a cash amount based on the
interest, for the protection of investors, performance of an underlying index or indexes of
you wish to make available publicly. All equity securities (‘‘Equity Reference Asset’’).
or otherwise in furtherance of the submissions should refer to File Commodity-Linked Securities are securities that
purposes of the Act. Number SR–CBOE–2008–48 and should provide for the payment at maturity of a cash
IV. Solicitation of Comments be submitted on or before May 20, 2008. amount based on the performance of one or more
physical commodities or commodity futures,
Interested persons are invited to For the Commission, by the Division of options or other commodity derivatives or
Commodity-Based Trust Shares (as defined in
submit written data, views, and Trading and Markets, pursuant to delegated
NYSE Arca Equities Rule 8.201), or a basket or
arguments concerning the foregoing, authority.9 index of any of the foregoing (‘‘Commodity
including whether the proposed rule Florence E. Harmon, Reference Asset’’). Currency-Linked Securities are
sroberts on PROD1PC70 with NOTICES

change is consistent with the Act. securities that provide for the payment at maturity
Deputy Secretary. of a cash amount based on the performance of one
5 15
[FR Doc. E8–9305 Filed 4–28–08; 8:45 am] or more currencies, or options or currency futures
U.S.C. 78f(b). or other currency derivatives or Currency Trust
6 15 U.S.C. 78f(b)(5). BILLING CODE 8010–01–P
Shares (as defined in NYSE Arca Equities Rule
7 15 U.S.C. 78s(b)(3)(A)(iii).
8.202), or a basket or index of any of the foregoing
8 17 CFR 240.19b–4(f)(5). 9 17 CFR 200.30–3(a)(12). Continued

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