[Federal Register Volume 66, Number 211 (Wednesday, October 31, 2001)]
[Notices]
[Page 55037]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-27328]



[[Page 55037]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-44974; File No. SR-Amex-2001-67]


Self-Regulatory Organizations; Order Granting Approval to 
Proposed Rule Change of the American Stock Exchange LLC to Codify 
Current Audit Trail and Trade Comparison Requirements and To Make Other 
Technical Amendments to the Exchange's Audit Trail Rules

October 24, 2001.
    On August 28, 2001, the American Stock Exchange LLC (``Amex'' or 
``Exchange'') 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 
proposal to codify certain audit trail and trade comparison 
requirements and to make other technical amendments to the Exchange's 
audit trial rules. On Septemberr 21, 2001, the Commission published the 
proposed rule change in the Federal Register.\3\ The Commission 
received no comments on the proposal. This order approves the proposed 
rule change.
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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. 44807 (September 17, 
2001), 66 FR 48727.
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    The Commission finds that the proposed rule change is consistent 
with the Act and the rules and regulations thereunder applicable to a 
national securities exchange.\4\ In particular, the Commission finds 
that the proposal is consistent with section 6(b)(5) of the Act which 
requires, among other things, that the rules of an exchange be designed 
to prevent fraudulent and manipulative acts and practices and to 
protect investors and the public interest, and not be designed to 
permit unfair discrimination between customers, issuers, brokers, and 
dealers.\5\ The proposed clarifications to the Amex's audit trail rules 
previously were set forth in the Exchange's information circulars, but 
were not codified in the Exchange's rules. The Commission believes that 
these provisions are reasonably designed to improve the Exchange's 
audit trail, and that codifying them will make the Exchange's rules 
more transparent to its members and other market participants.
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    \4\ In approving the proposed rule change, the Commission has 
considered the proposed rule's impact on efficiency, competition, 
and capital formation. See 15 U.S.C. 78c(f).
    \5\ 15 U.S.C. 78f(b)(5).
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    It is therefore ordered, pursuant to section 19(b)(2) of the 
Act,\6\ that the proposed rule change (SR-Amex-2001-67) is approved.
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    \6\ 15 U.S.C. 78s(b)(2).
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    For the Commission, by the Division of Market Regulation, pursuant 
to delegated authority.\7\
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    \7\ 17 CFR 200.30-3(a)(12).

Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 01-27328 Filed 10-30-01; 8:45 am]
BILLING CODE 8010-01-M