[Federal Register Volume 66, Number 201 (Wednesday, October 17, 2001)]
[Notices]
[Pages 52819-52823]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-26084]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-44920; File No. SR-PHLX-00-75]


Self-Regulatory Organizations; Notice of Filing and Order 
Granting Accelerated Approval of a Proposed Rule Change and Amendment 
Nos. 1 and 2 by the Philadelphia Stock Exchange, Inc. Relating to 
Changes to TheStreet.com Internet Index

October 11, 2001.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 
(``Exchange''),\1\and Rule 19b-4 thereunder,\2\ notice is hereby given 
that on August 30, 2000, the Philadelphia Stock Exchange, Inc. 
(``PHLX'' or ``Exchange'') filed with the Securities and Exchange 
Commission (``Commission'' or ``SEC'') the proposed rule change as 
described in Items I, II, and III below, which Items have been prepared 
by the PHLX. The PHLX filed Amendment Nos. 1 and 2 to the proposal on 
September 14, 2001,\3\ and

[[Page 52820]]

September 21, 2001,\4\ respectively.\5\ The Commission is publishing 
this notice to solicit comments on the proposed rule change and on 
Amendment Nos. 1 and 2 from interested persons and to approve the 
proposal, as amended, on an accelerated basis.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See letter from Carla Behnfeldt, Director, Legal Department 
New Product Development Group, PHLX, to Yvonne Fraticelli, Special 
Counsel, Division of Market Regulation (``Division''), Commission, 
dated September 12, 2001 (``Amendment No. 1''). In Amendment No. 1, 
the PHLX: (1) Indicated that the PHLX generally will announce new 
share amounts on the Wednesday prior to the effective date of a 
rebalancing; (2) indicated that the PHLX, in consultation with 
TheStreet.com, Inc. (``TheStreet.com'') has established policies and 
procedures to administer The Street.com Internet Index (``the 
Index''); (3) stated that the announcement of share amount changes 
prior to a rebalancing will allow investors to adjust hedging 
positions in a more cost effective manner; (4) clarified how the 
proposed changes will enhance the Index and facilitate the 
development of new products based on the Index; (5) clarified that 
the share amounts of replacement issues and additional Index 
components will be determined based on the closing price four 
business days prior to the date on which the divisor is adjusted; 
(6) indicated that announcing changes in share amounts of 
replacement stocks prior to their implementation will allow 
investors to adjust hedging positions in a more cost effective 
manner; (7) indicated that the PHLX will not trade options on the 
existing Index and the revised Index simultaneously; and (8) 
described the PHLX's policies and procedures to prevent potential 
misuse by PHLX staff of material, non-public information in 
connection with the maintenance of the Index.
    \4\ See letter from Carla Behnfeldt, Director, Legal Department 
New Product Development Group, PHLX, to Yvonne Fraticelli, Special 
Counsel, Division, Commission, dated September 20, 2001 (``Amendment 
No. 2''). Amendment No. 2 clarified the PHLX's timing for 
implementing the proposed changes.
    \5\ The PHLX also submitted a letter from TheStreet.com 
describing TheStreet.com's policies regarding employee transactions 
in products based on the Index and TheStreet.com's policies 
regarding the misuse of material, non-public information concerning 
the Index.
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I. Self-Regulatory Organization's Statement of the Terms of 
Substance of the Proposed Rule Change

    The PHLX requests approval to continue listing and trading options 
on TheStreet.com Internet Index (the ``Index'')\6\ after: (1) Changing 
the name of the Index to ``TheStreet.com Internnet Sector Index;'' (2) 
changing the Index rebalancing procedure so that share amounts in the 
Index will be determined based upon the component shares' last sales 
prices at the close of trading on the Tuesday prior to expiration 
Friday in the January cycle; (3) changing the procedure for the 
inclusion of replacement Index components and additional Index 
components\7\ so that the average dollar amount of the Index components 
is determined based upon prices at the close of trading four business 
days in advance of the anticipated effective date of the replacement; 
and (4) revising Index policies and procedures to reflect the role of 
TheStreet.com as a provider of ongoing company and industry analysis as 
it relates to component inclusion decisions and its role in the 
decision making process regarding the inclusion of component stocks in 
the Index.
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    \6\ TheStreet.com does not guarantee the accuracy or 
completeness of the Index, makes no express or implied warranties 
with respect to the Index and shall have no liability for any 
damages, claims, losses or expenses caused by errors in the Index 
calculation. The PHLX represents that it will have sole discretion 
over the calculation of the Index.
    \7\ In Amendment No. 1, the PHLX indicated that the revised 
procedure would apply to additional Index components as well as to 
replacement issues. See Amendment No. 1, supra note 3.
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    The text of the proposed rule change is available at the PHLX and 
at the Commission.

II. Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

    In its filing with the Commission, the PHLX included statements 
concerning the purpose of, and basis for, the proposed rule change, and 
discussed any comments it received on the proposed rule change. The 
text of these statements may be examined at the places specified in 
Item III below. The PHLX has prepared summaries, set forth in Sections 
A, B, and C below, of the most significant aspects of such statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

(1) Purpose
    In 1998, the PHLX proposed to list and trade options on the 
Index.\8\ Pursuant to the Notice, the PHLX has listed for trading 
European-style, cash-settled options on the Index. The PHLX developed 
the Index pursuant to PHLX Rule 1009A(b) in accordance with the Generic 
Index Option Approval Order (``Generic Index Approval Order'') for the 
listing and trading of options on narrow-based indexes.\9\ On July 24, 
2000, the PHLX increased the number of Index components to 24 
stocks.\10\ The PHLX now proposes to make certain enhancements to the 
Index. Specifically, the PHLX seeks approval to continue to list and 
trade options on the Index after changing the name of the Index and 
certain aspects of the Index maintenance. The proposed changes are 
described below.\11\
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    \8\ See Securities Exchange Act Release No. 40685 (November 17, 
1998), 63 FR 65630 (November 27, 1998) (notice of filing and 
immediate effectiveness of file No. SR-PHLX-98-48) (``Notice'').
    \9\ See Securities Exchange Act Release No. 34157 (June 3, 
1994), 59 FR 30062 (June 9, 1994) (order approving File Nos. SR-
Amex-92-35; SR-CBOE-93-59; SR-NYSE-94-17; SR-PSE-94-07; and SR-PHLX-
94-10). The Generic Index Approval Order established generic listing 
standards for options on narrow-based indexes and adopted 
streamlined procedures for introducing trading in options that 
satisfy the generic listing standards.
    \10\ The Index originally contained 20 component securities. See 
Notice, supra note 8. The Notice states that the PHLX will not 
change the number of Index components to more than 24 or fewer than 
16 absent Commission approval.
    \11\ In a separate filing with Commission, the PHLX proposed, 
among other things, to increase the number of Index components to 
25. See File No. SR-PHLX-00-70. The Commission has approved File No. 
SR-PHLX-00. See Securities Exchange Act Release No. 44921.
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    (a) Name Change. The PHLX proposes to change the name of the Index 
from ``TheStreet.com Internet Index'' to ``TheStreet.com Internet 
Sector Index,'' the name by which the Index is more widely know in the 
marketplace, because the PHLX trades a number of options on stock 
indexes representing various industry groups which the PHLX describes 
as ``sector'' index options.\12\
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    \12\ The PHLX's sector index options include options on the 
Index as well as options on the following sector indexes: the 
Computer Box Maker Index (BMX); the PHLX Oil Service Index (OSX); 
the Gold-Silver Index (XAU); the National Over-the-Counter Index 
(XOC); the PHLX Forest and Paper Products Sector Index (FPP); the 
Over-the-Counter Prime Index (OTX); the Utility Index (UTY); the 
Semiconductor Index (SOX); the PHLX/KBW Bank Index (BKX); and the 
Wireless Telecom Sector Index (YLS).
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    (b) Calculation of Share Amounts--Quarterly Rebalancing. The Index 
is an equal dollar-weighted index, meaning that each of the component 
stocks is represented in the Index in approximately equal dollar 
amounts. Following the close of trading on the third Friday of January, 
April, July, and October, the PHLX rebalances the Index portfolio by 
changing the number of whole shares of each component so that each 
company is again represented in ``equal'' dollar amounts.\13\ If 
necessary, the PHLX makes a divisor adjustment at the rebalancing to 
ensure the continuity of the Index's value. The newly adjusted 
portfolio then becomes the basis for the Index's value on the first 
trading day following the adjustment.
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    \13\ The PHLX handles day-to-day administrative duties in 
connection with the Index, including replacements, additions, or 
deletions of Index securities, Index security weight adjustments, 
divisor adjustments, quarterly rebalancings, the public 
dissemination of official information regarding the Index, and 
recordkeeping. See Amendment No. 1, supra note 3.
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    The current rebalancing schedule prescribes that the PHLX determine 
the share amounts in the Index after the close of trading on expiration 
Friday in the January cycle to be effective at the opening on the 
following Monday. The PHLX proposes to change this procedure so that 
the PHLX will determine share amounts in the Index based upon the 
shares' last sales prices at the close of trading on the Tuesday prior 
to expiration Friday in the January cycle. The PHLX generally will 
announce the new share amounts on Wednesday.\14\ The implementation of 
the rebalancing will continue to be

[[Page 52821]]

effective on the Monday following expiration Friday and the PHLX will 
calculate divisor changes based on Friday's closing prices.
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    \14\ The PHLX notes that there may be circumstances under which 
the PHLX will make the share determination and announcement outside 
of the normal Tuesday and Wednesday schedule. For example, if the 
PHLX is scheduled to be close don an expiration Friday, the PHLX 
would need to determine the share amounts on Monday, and announce 
them on Tuesday. The PHLX would rebalance the index after the close 
of trading on Thursday and the revised share amounts and Index 
divisor would be effective before the opening of trading on Monday 
morning. See Amendment No. 1, supra note 3.
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    The PHLX believes that it is in the interest of investors generally 
to announce share amount changes prior to rebalancing because the 
announcement will provide them with an opportunity to adjust any 
hedging positions in a more cost effective manner.\15\ Currently, the 
PHLX officially determines share amount changes no earlier than the 
close of business on the business day prior to the effective date of 
the change. As a result, investors must transact timely position 
adjustment either prior to the final share determinations (at 
speculated share amounts) or during non-business hours, thereby adding 
undue cost and risk to those who use the Index.\16\ Under the proposal, 
all investors will equally have the opportunity to effect portfolio 
adjustments at a known share amount and during normal business 
hours.\17\ The PHLX believes that the proposed change will enhance the 
Index.
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    \15\ See Amendment No. 1, supra note 3.
    \16\ See Amendment No. 1, supra note 3.
    \17\ See Amendment No. 1, supra note 3. Due to changes in the 
market price of the component securities of the Index occurring 
between the close of trading on Tuesday (when the PHLX determines 
share amounts) and the close of trading on Friday (when the PHLX 
determines the prices to be used in the rebalancing), the Index may 
be less than perfectly equal dollar weighted upon implementation of 
the rebalancing. The PHLX believes that the advantages of the 
proposed change outweigh any resulting inexactness in the equal 
dollar weighting. In this regard, the PHLX notes that the Commission 
approved the continued listing and trading of options on the Nasdaq 
100 Index (``Nasdaq 100'') after the Nasdaq Stock Market, Inc. 
(``Nasdaq''), the maintainer of the Nasdaq 100, implemented certain 
changes in the weighting methodology of the Nasdaq 100, including a 
change comparable to that proposed by the PHLX. See Securities 
Exchange Act Release No. 40642 (November 5, 1998), 63 FR 63759 
(November 16, 1998) (order approving File No. SR-CBOE-98-43). 
Specifically, the PHLX notes that the changes to the Nasdaq 100 
included making index share weight determinations in connection with 
the rebalancing of the Nasdaq 100 based upon the last sale prices 
and aggregate capitalization of the Nasdaq 100 at the close of 
trading on the Thursday in the week immediately preceding the week 
of the third Friday in March, June, September, and December, with 
changes to the Nasdaq 100 weights to be made effective after the 
close of trading on the third Friday in March, June, September, and 
December.
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    In addition, the PHLX believes that the proposal will facilitate 
the development and implementation of potential new products based on 
the Index by allowing adequate opportunity for various structures of 
investment vehicles to effectively track the Index by reducing the 
Index tracking error associated with the execution of transactions that 
correspond with changes to the Index.\18\ For example, the PHLX notes 
that an index mutual fund that tracks the Index currently would have to 
effect transactions either prior to the final share amount 
determinations (at speculated share amounts) or during non-business 
hours where decreased liquidity is present, hampering its ability to 
provide investors with a return that closely tracks the price 
performance of the Index.\19\
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    \18\ See Amendment No. 1, supra note 3.
    \19\ See Amendment No. 1, supra note 3.
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    (c) Calculation of Index Share Amounts--Replacement Stocks. 
Occasionally, the PHLX must make Index stock replacements outside the 
normal quarterly rebalancing cycle due, for example, to mergers or 
acquisitions of the issuers of component stocks. The amount of stock of 
the replacement issue to be included in the Index is based upon the 
average dollar value of the remaining components at their closing 
prices as of the day prior to the replacement. The PHLX proposes to 
determine the average dollar amount of the remaining components based 
upon prices at the close of trading four business days in advance of 
the anticipated effective date of the replacement. The PHLX will also 
determine the share amounts of the replacement issue based on the 
closing price four business days prior to the date on which the divisor 
is adjusted.\20\
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    \20\ See Amendment No. 1, supra note 3.
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    The PHLX proposes to apply this revised procedure to the addition 
of component stocks to the Index as well as to the replacement of 
component stocks.\21\ In the case of both replacements of and additions 
to the component stocks of the Index, the PHLX will determine the 
average dollar amount of the remaining components (in the case of 
replacements) and existing components (in the case of additions), and 
consequently the share amount of the replacing or added component 
security, based upon prices at the close of trading four business days 
prior to the effectiveness of the replacement or addition.\22\ The PHLX 
will determine any change in the divisor required to ensure Index 
continuity based upon closing prices the day before the effective date 
of the replacement.
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    \21\ See Amendment No. 1, supra note 3.
    \22\ See Amendment No. 1, supra note 3.
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    As with the proposed change in quarterly rebalancings, the PHLX 
believes that it is in the interest of investors to announce changes in 
Index share amounts prior to their implementation because the 
announcement will provide investors with an opportunity to adjust any 
hedging positions in a more cost effective manner.\23\ The PHLX notes 
that currently the Exchange officially determines share amounts for 
replacement stocks no earlier than the close of business on the 
business day prior to the effective date of the change. As a result, 
market participants must typically transact timely position adjustments 
either prior to the final share determinations (at speculated share 
amounts) or during non-business hours, thereby adding undue cost and 
risk to those who use the Index.\24\ Under the PHLX's proposal, all 
investors will equally have the opportunity to effect portfolio 
adjustments at known share amounts and during normal business 
hours.\25\
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    \23\ See Amendment No. 1, supra note 3.
    \24\ See Amendment No. 1, supra note 3.
    \25\ See Amendment No. 1, supra note 3.
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    (d) The Role of TheStreet.com with respect to the Index. According 
to the PHLX, TheStreet.com's role to date with respect to Index 
administration has been a consultation role with the Exchange with 
regard to ongoing company and industry analysis as it relates to Index 
component inclusion decisions. The PHLX now proposes that TheStreet.com 
share the responsibility of selecting component securities on an equal 
basis with the PHLX, so that final decisions with respect to component 
inclusion are made jointly. In the unlikely event that the PHLX and 
TheStreet.com were to differ in their judgments regarding the selection 
of component securities, the PHLX and the TheStreet.com would alternate 
the final decision making between them.
    The PHLX believes that the proposed changes will enhance the Index 
will and could facilitate the development and implementation of 
potential new products based upon the Index. Except for the changes 
described in the current proposal, and in the PHLX's proposal to 
increase the number of Index components to 25,\26\ the Index will 
retain the same attributes and remain subject to all of the maintenance 
criteria in the PHLX's original proposal to list options on the Index.
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    \26\ See note 11, supra.
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    On October 12, 2001, the PHLX will post on its web site an 
information circular to members advising them that on October 16, 2001, 
the name of the Index will change to ``TheStreet.com Internet Sector 
Index'' and that TheStreet.com will become a co-stock selector with the 
PHLX of Index component securities.\27\ In addition, the information 
circular will describe the changes in procedure regarding share amount 
determinations that also will be

[[Page 52822]]

effective as of October 16, 2001.\28\ The information circular will 
note that the PHLX is increasing the number of Index components to 
25,\29\ effective October 22, 2001, and that the PHLX will calculate 
the share amounts based on the October 16, 2001, closing prices for the 
Index's component securities, including the two new component 
securities.\30\
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    \27\ See Amendment No. 2, supra note 4.
    \28\ See Amendment No. 2, supra note 4.
    \29\ See note 11, supra.
    \30\ See Amendment No. 2, supra note 4.
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    The PHLX does not propose to trade options on the current Index 
side-by-side with options on the revised Index.\31\ While the PHLX 
asserts that Index user will gain significant benefits from the 
proposed changes, the PHLX states that side-by-side historical data 
analysis of the current share amount determination method and the 
proposed method over the past four quarters shows an aggregate 
performance differential of less than 1%.\32\ In addition, the PHLX 
notes that the proposal does not change the Index's fundamental 
weighting methodology and method of stock selection.\33\
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    \31\ See Amendment No. 1, supra note 3.
    \32\ See Amendment No. 1, supra note 3.
    \33\ See Amendment No. 1, supra note 3.
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(2) Basis
    The PHLX believes that the proposed rule change is consistent with 
Section 6(b) of the Act, in general, and furthers the objectives of 
Section 6(b)(5) of the Act, in particular, in that it is designed to 
promote just and equitable principles of trade, as well as to protect 
investors and the public interest, by making enhancements to the Index 
which should provide investors with an improved means of hedging 
exposure to market risks associated with the securities issued by 
companies in the Internet industry.

B. Self-Regulatory Organization's Statement on Burden on Competition

    The PHLX does not believe that the proposed rule change will impose 
any inappropriate burden on competition.

C. Self-Regulatory Organization's Statement on Comments on the Proposed 
Rule Change Received From Members, Participants, or Others

    Written comments were neither solicited nor received with respect 
to the proposed rule change.

III. Solicitation of Comments

    Interested persons are invited to submit written data, views, and 
arguments concerning the foregoing, including whether the proposed rule 
change and Amendment Nos. 1 and 2 are 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 PHLX. All 
submissions should refer to file number SR-PHLX-00-75 and should be 
submitted by November 7, 2001.

IV. Commission Findings and Order Granting Accelerated Approval of 
Proposed Rule Change

    The PHLX has asked the Commission to approve the proposal on an 
accelerated basis to allow the proposed changes to become effective as 
of October 16, 2001.\34\
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    \34\ See Amendment No. 2, supra note 4. As discussed more fully 
above, the revised share amounts for the Index's component 
securities will become effective prior to the opening of trading on 
October 22, 2001.
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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. In particular, 
the Commission finds that the proposal is consistent with Section 
6(b)(5) of the Act,\35\ which requires, among other things, that the 
rules of a national securities exchange be designed to remove 
impediments to and perfect the mechanism of a free and open market and 
a national market system and to protect investors and the public 
interest. Specifically, the Commission believes that the proposed 
changes to the quarterly rebalancing procedure and to the method for 
calculating Index share amounts for replacement stock and additional 
Index components will protect investors and contribute to the 
maintenance of a fair and orderly market by helping market participants 
to hedge their positions in Index options more effectively and 
efficiently. According to the PHLX, the PHLX's current quarterly 
rebalancing procedure and method for calculating the share amounts for 
replacement stocks and additional Index components require market 
participants to make timely adjustments to their hedging positions 
either prior to the share determinations at speculated share amounts or 
during non-business hours, thereby adding cost and risk to Index users. 
The PHLX states that the proposed changes will allow market 
participants to effect portfolio adjustments at a known share amount 
and during normal business hours. Accordingly, the Commission believes 
that the proposal should benefit market participants by helping them to 
hedge their positions in Index options effectively.
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    \35\ 15 U.S.C. 78f(b)(5). In approving the proposed rule change, 
the Commission has considered the proposed rule's impact on 
efficiency, competition, and capital formation. 15 U.S.C. 78c(f).
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    The Commission finds that the proposal to change the Index's name 
to TheStreet.com Internet Sector Index, the name by which the Index is 
more widely known in the marketplace, will contribute to the 
maintenance of a fair and orderly market by eliminating potential 
confusion and helping market participants to identify the Index as one 
of the sector indexes on which the PHLX trades options.
    As discussed more fully above, the PHLX proposes to revise its 
procedures so that the PHLX and TheStreet.com will jointly make 
decisions concerning the inclusion of securities in the Index. The 
Commission notes that the PHLX and TheStreet.com have policies in place 
to prevent the potential misuse of material, non-public information in 
connection with the maintenance of the Index. Specifically, the PHLX 
prohibits the PHLX operations staff responsible for the maintenance of 
the Index from trading options on the Index and from trading component 
stocks of the Index without the prior written consent of the PHLX's 
Vice President of Market Surveillance.\36\ TheStreet.com prohibits 
employees from transacting in any security whose value is derived, in 
whole or in part, from the value of the Index.\37\ In addition, 
TheStreet.com prohibits employees and consultants in possession of non-
public information concerning the addition, removal, or weighting 
adjustment of a component security of the Index from purchasing or 
selling the component security until the second business day following 
the public release of the information.\38\ The Commission believes that 
the policies and procedures adopted by the PHLX and TheStreet.com 
address the unauthorized transfer and misuse of material, non-public 
information in

[[Page 52823]]

connection with the maintenance of the Index.
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    \36\ See Amendment No. 1, supra note 3.
    \37\ See note 5, supra.
    \38\ See note 5, supra.
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    As discussed more fully above, the PHLX will post an information 
circular on its web site advising members of the proposed changes to 
the Index prior to their implementation. The Commission believes that 
the information circular will help to ensure that market participants 
have been notified adequately about the impending changes to the Index 
prior to their implementation.
    The Commission finds good cause for approving the proposed rule 
change and Amendment Nos. 1 and 2 prior to the thirtieth day after the 
date of publication of notice of filing thereof in the Federal 
Register. The Commission believes that accelerated approval of the 
proposal will allow investors to trade options on the revised Index 
beginning on October 22, 2001. As discussed more fully above, the 
revised procedures for calculating the share amounts of the Index's 
component securities should benefit investors by allowing them to hedge 
their Index options positions in a more efficient and cost effective 
manner. Amendment No. 1 strengthens the PHLX's proposal by, among other 
things, clarifying that the proposed changes to the procedures for 
calculating the share amounts of component Index securities may allow 
market participants to hedge their positions in Index options more 
effectively and by describing the PHLX's policies regarding the misuse 
of material, non-public information by PHLX staff responsible for 
maintaining the Index. Amendment No. 2 strengthens the proposal by 
clarifying the PHLX's schedule for implementing the proposed changes 
and ensuring that market participants will have notice of the proposed 
changes prior to their implementation. Accordingly, the Commission 
believes that there is good cause, consistent with Sections 6(b)(5) and 
19(b)(2) of the Act,\39\ to approve the proposal and Amendment Nos. 1 
and 2 to the proposal on an accelerated basis.
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    \39\ 15 U.S.C. 78f(b)(5) and 78s(b)(2).
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    It is therefore ordered, pursuant to section 19(b)(2) of the Act, 
that the proposed rule change (SR-PHLX-00-75), as amended, is approved.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\40\
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    \40\ 17 CFR 200.30-3(a)(12).

Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 01-26084 Filed 10-16-01; 8:45 am]
BILLING CODE 8010-01-M