[Federal Register Volume 66, Number 150 (Friday, August 3, 2001)]
[Notices]
[Pages 40772-40773]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-19378]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-44599; File No. SR-Phlx-2001-50]


Self Regulatory Organizations; Philadelphia Stock Exchange, Inc.; 
Order Granting Approval to Proposal Rule Change Relating to the 
Specific Inclusion of Trade Correction Data and Exemptive Relief 
Information in the Specialist Evaluations Conducted by the Options 
Allocation, Evaluation and Securities Committee

July 26, 2001.
    On May 1, 2001, the Philadelphia Stock Exchange, Inc. filed with 
the Securities and Exchange Commission (``Commission''), pursuant to 
Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act''),\1\ 
and Rule 19b-4 thereunder,\2\ a proposed rule change to include trade 
correction data and exemptive relief information in the specialist 
evaluations conducted by the Options Allocation, Evaluation and 
Securities Committee.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
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    The proposed rule change was published for comment in the Federal 
Register on June 25, 2001.\3\ The Commission received no comments on 
the proposal.
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    \3\ See Securities Exchange Act Release No. 44436 (June 15, 
2001), 66 FR 33734.
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    The Commission finds that the proposed rule change is consistent 
with the requirements of the Act and the rules and regulations 
thereunder applicable to a national securities exchange \4\ and, in 
particular, the requirements of Section 6 of the Act \5\ and the rules 
and regulations thereunder. The Commission finds specifically that the 
proposed rule change is consistent with Section 6(b)(5) of the Act \6\ 
because it is designed to perfect the mechanisms of a free and open 
market and a national market system and, in general, to protect 
investors and the public interest. The Commission believes that 
exemptive relief and trade correction information

[[Page 40773]]

is relevant in evaluating a specialist unit's performance and will 
assist the exchange in maintaining its market.
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    \4\ In approving this proposed rule change, the Commission notes 
that it has considered the proposed rule's impact on efficiency, 
competition, and capital formation. 15 U.S.C. 78c(f).
    \5\ 15 U.S.C. 78f.
    \6\ 15 U.S.C. 78f(b)(5).
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    It is Therefore Ordered, pursuant to Section 19(b)(2) of the 
Act,\7\ that the proposed rule change (File No. SR-Phlx-2001-50) be, 
and it hereby is, approved.
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    \7\ 15 U.S.C. 78(s(b)(2).
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    For the Commission, by the Division of Market Regulation, pursuant 
to delegated authority.\8\
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    \8\ 17 CFR 200.30-3(a)(12).

Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 01-19378 Filed 8-2-01; 8:45 am]
BILLING CODE 8010-01-M