[Federal Register Volume 65, Number 164 (Wednesday, August 23, 2000)]
[Notices]
[Page 51382]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-21436]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-43155; File No. SR-NYSE-00-32]


Self-Regulatory Organizations; Notice of Extension of the Comment 
Period for the Proposed Rule Change by the New York Stock Exchange, 
Inc. To Extend the Pilot Relating to Shareholder Approval of Stock 
Option Plans

August 15, 2000.
    On July 13, 2000, the New York Stock Exchange, Inc. (``NYSE'' or 
``Exchange'') filed with the Securities and Exchange Commission 
(``SEC'' or ``Commission''), a proposed rule change, pursuant to 
section 19(b)(1) \1\ of the Securiites Exchange Act of 1934 (``Act'') 
and Rule 19b-4 thereunder,\2\ to extend the effectiveness of amendments 
to Sections 312.01, 312.03, and 312.04 of the Exchange's Listed Company 
Manual with respect to the definition of what constitutes a ``broadly-
based'' stock options plan. The Commission approved the amendments on a 
pilot basis on June 4, 1999 (``Pilot'').\3\ The Pilot is scheduled to 
expire on September 30, 2000. The Exchange has proposed to extend the 
effectiveness of the Pilot until September 30, 2003. A complete 
description of the proposed rule change is found in the notice of 
filing, which was published in the Federal Register on August 10, 
2000.\4\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 41479, 64 FR 31667 
(June 11, 1999).
    \4\ See Securities Exchange Act Release No. 43111, (August 2, 
2000), 65 FR 49046.
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    In response to the solicitation of comments, the Commission 
received a request to extend the comment period. Given the public's 
interest in the proposed rule change and the Commission's desire to 
give the public sufficient time to consider the proposal, the 
Commission has decided to extend the comment period pursuant to section 
19(b)(2) of the Act.\5\ Further, the Commission notes that the Exchange 
has consented to the extension of the comment period.\6\ Accordingly, 
the comment period shall be extended until September 20, 2000.
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    \5\ 15 U.S.C. 78s(b)(2).
    \6\ See letter from Elena L. Daly, Assistant General Counsel, 
NYSE to Kelly Riley, Division of Market Regulation, SEC, dated 
August 11, 2000.
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    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. Persons making written submissions 
should file six copies thereof with the Secretary, Securities and 
Exchange, Commission, 450 Fifth Street, NW., Washington, DC 20549-0609. 
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 
NYSE. All submissions should refer to File No. SR-NYSE-00-32 and should 
be submitted by September 20, 2000.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\7\
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    \7\ 17 CFR 200.30-(a)(12).

Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 00-21436 Filed 8-22-00; 8:45 am]
BILLING CODE 8010-01-M