[Federal Register Volume 65, Number 42 (Thursday, March 2, 2000)]
[Notices]
[Pages 11401-11402]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-4977]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-42455; File No. 10-127]


In the Matter of the Application of The International Securities 
Exchange LLC for Registration as a National Securities Exchange; Order 
Granting Registration as a National Securities Exchange

February 24, 2000.
    The International Securities Exchange LLC, having filed an 
application with the Commission for registration as a national 
securities exchange pursuant to Section 6 of the Securities Exchange 
Act of 1934 (``Exchange Act''); and
    In reviewing the ISE's registration application, the Commission has 
weighed the particular rule provisions

[[Page 11402]]

against the regulatory objectives of the Exchange Act. Among other 
things, those objectives embody the concept that exchanges will deal 
fairly with the public; that exchanges will be organized in such a 
fashion as to ensure their continued viability in asserting self-
regulatory oversight over their members; and that exchanges may, so far 
as is consistent with other regulatory objectives of the Act, maintain 
competitive viability with other exchanges. Applying these criteria, 
the Commission finds it in the public interest to declare effective the 
registration of the ISE on the basis of its present rules; and
    It appearing to the Commission that the rules of the exchange 
provide for the expulsion, suspension or disciplining of a member for 
conduct or proceeding inconsistent with just and equitable principles 
of trade and declare that the willful violation of any provisions of 
the Exchange Act, or of any rule or regulation thereunder, shall be 
considered conduct or proceeding inconsistent with just and equitable 
principles of trade; and It further appearing that the exchange is so 
organized as to be able to comply with the provisions of the Exchange 
Act and the rules and regulations thereunder, and that the rules of the 
exchange are just and adequate to insure fair dealing and to protect 
investors; and
    Finally, it appearing that the rules of the exchange do not impose 
any burden on competition that is not necessary or in furtherance of 
the purposes of the Exchange Act;
    It is ordered that the application of the International Securities 
Exchange LLC for registration as a national securities exchange be, and 
hereby is, granted.

    By the Commission.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 00-4977 Filed 3-1-00; 8:45 am]
BILLING CODE 8010-01-P