[Federal Register Volume 67, Number 33 (Tuesday, February 19, 2002)]
[Notices]
[Pages 7441-7442]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-3867]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-45433; File No. SR-NYSE-2001-55]


Self-Regulatory Organizations; the New York Stock Exchange, Inc.; 
Order Granting Approval To Proposed Rule Change To Amend NYSE Rule 51 
Relating to Suspension of Trading

February 12, 2002.
    On December 31, 2001, the New York Stock Exchange, Inc. (``NYSE'' 
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 
proposed rule change to amend NYSE Rule 51, Hours for Business, to make 
emergency procedures to halt or suspend trading or to close Exchange 
facilities more flexible and more responsive to the NYSE's current 
organizational structure and to the kinds of challenges that the 
Exchange may face. The proposal was published for comment in the 
Federal Register on January 11, 2002.\3\ The Commission received no 
comments on the proposal.
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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. 45249 (January 7, 
2002), 67 FR 1529.
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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\ 
in that the Rule is designed to remove impediments to and perfect the 
mechanism of a free and open market and, in general, to protect 
investors and the public interest, by providing the Exchange with more 
flexibility to respond appropriately and in a timely fashion to 
extraordinary circumstances that may require the suspension of trading 
at the NYSE, or the closing of some or all Exchange facilities.
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    \4\ In approving this proposed rule change, the Commission 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

[[Page 7442]]

proposed rule change (SR-NYSE-2001-55) be, and it hereby is, approved.
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    \7\ 15 U.S.C. 78s(b)(2).

    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).
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Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 02-3867 Filed 2-15-02; 8:45 am]
BILLING CODE 8010-01-P