[Federal Register Volume 66, Number 226 (Friday, November 23, 2001)]
[Notices]
[Page 58765]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-29251]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-45061; File No. SR-Amex-2001-58]


Self Regulatory Organizations; American Stock Exchange LLC; Order 
Granting Approval to Proposed Rule Change Relating to the Billing of 
the Annual Fee for Listed Companies

November 15, 2001.
    On August 2, 2001, the American Stock Exchange LLC 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 that will, in the 
calendar year in which a company first lists, prorate the annual fee to 
reflect the portion of the year that the company has been listed, and 
make the annual fee payable in December based on the total number of 
outstanding shares at the time of original listing.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1)
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 44712 (August 22, 
2001), 66 FR 44189.
---------------------------------------------------------------------------

    The proposed rule change was published for comment in the Federal 
Register on August 22, 2001,\3\ The Commission received no comments on 
the proposal.
    The Commission finds that the proposed rule exchange 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 foster cooperation and coordination with 
persons engaged in regulating, clearing, settling, processing 
information with respect to, and facilitating transactions in 
securities, to remove impediments to and perfect the mechanism of a 
free and open market and a national market system and, in general, to 
protect investors and the public interest.
---------------------------------------------------------------------------

    \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).
---------------------------------------------------------------------------

    It is therefore ordered, pursuant to section 19(b)(2) of the Act 
\7\ that the proposed rule change (File No. SR-Amex-2001-58) be, and it 
hereby is, approved.
---------------------------------------------------------------------------

    \7\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\8\
---------------------------------------------------------------------------

    \8\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 01-29251 Filed 11-21-01; 8:45 am]
BILLING CODE 8010-01-M