[Federal Register Volume 61, Number 120 (Thursday, June 20, 1996)]
[Notices]
[Page 31570]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-15772]



-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-37311; File No. SR-CTA-96-02]


Consolidated Tape Association; Notice of Filing and Immediate 
Effectiveness of the First Charges Amendment to the Second Restatement 
of the Consolidated Tape Association Plan

June 14, 1996.
    Pursuant to Rule 11Aa3-2 of the Securities Exchange Act of 1934 
(``Act''), notice is hereby given that on May 30, 1996, the 
Consolidated Tape Association (``CTA'') Plan Participants filed \1\ 
with the Securities and Exchange Commission (``Commission'' or ``SEC'') 
amendments to the second Restatement of the CTA Plan increasing CTA 
charges to ticker subscribers. The new rates are effective as of July 
1, 1996.
---------------------------------------------------------------------------

    \1\ The proposed amendment was originally filed with the 
Commission on May 9, 1996. On May 30, 1996, the Commission received 
minor technical amendments from the CTA to conform the references in 
the filing to Exchange Act Release No. 37191 (May 9, 1996), 61 FR 
24842 (May 16, 1996), approving Restatements and Amendments to the 
Restated Consolidated Tape Association Plan and the Consolidated 
Quotation Plan.
---------------------------------------------------------------------------

    CTA has designated the proposals as changing a charge collected on 
behalf of all participants, permitting them to become effective upon 
filing, pursuant to the terms of Rule 11Aa3-2(c)(3)(i) under the Act. 
The Commission is publishing this notice to solicit comments from 
interested persons on the amendments.

I. Description and Purpose of the Amendments

    The purpose of the amendment is to recover the ticker network 
expense increases that common carriers have recently imposed on the CTA 
Plan Participants. The present fees of $160.00 per connection for 
Network A and $130.00 for Network B have been in effect since January, 
1995. Since January, 1995, each of the Networks has absorbed a number 
of increases in common carrier costs. The CTA has determined to pass 
the increased costs along to customers. Effective July 1, 1996, Network 
A charges will increase to $200.00 for those subscribers in the 
continental USA that are serviced via the AT&T leased lines. Rates for 
subscribers located south of Chambers Street in New York City, where 
facilities are leased from NYNEX, and for customers presently receiving 
the signal via satellite, remain unchanged. Network B charges will 
increase to $200.00 per unit, effective July 1, 1996, for all customers 
presently receiving service in the continental USA, including 
subscribers in downtown New York City and those currently receiving the 
ticker signal via satellite.

II. Solicitation of Comments

    Rule 11Aa3-2(c)(3) under the Act provides that the proposed 
amendment may be put into effect upon filing with the Commission. The 
Commission may summarily abrogate the amendment within 60 days of its 
filing and require refiling and approval of the amendments by 
Commission order pursuant to Rule 11Aa3-2(c)(2), if it appears to the 
Commission that such action is necessary or appropriate in the public 
interest, for the protection of investors and maintenance of fair and 
orderly markets, to remove impediments to and perfect the mechanisms of 
a National Market System, or otherwise in furtherance of the purposes 
of the Act.
    Interested persons are invited to submit written data, views, and 
arguments concerning the foregoing. Persons making written submissions 
should file six copies thereof with the Secretary, Securities and 
Exchange Commission, 450 Fifth Street, N.W., Washington, D.C. 20549. 
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. Copies of such filing will also be 
available for inspection and copying at the principal office of the 
CTA. All submissions should refer to the file number in the caption 
above and should be submitted by July 11, 1996.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\2\
---------------------------------------------------------------------------

    \2\ 17 CFR 200.30-3(a)(27) (1989).
---------------------------------------------------------------------------

Jonathan G. Katz,
Secretary.
[FR Doc. 96-15772 Filed 6-19-96; 8:45 am]
BILLING CODE 8010-01-M