[Federal Register Volume 68, Number 15 (Thursday, January 23, 2003)]
[Notices]
[Pages 3288-3289]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-1449]


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SECURITIES AND EXCHANGE COMMISSION


Self-Regulatory Organizations; Order Granting Application To 
Strike From Listing and Registration; The International Securities 
Exchange, Inc. (The Options Clearing Corporation, Call and Put Option 
Contracts Respecting Certain Underlying Securities) File No. 1-7167

January 16, 2003.
    The International Securities Exchange, Inc. (``ISE'' or 
``Exchange'') has filed an application with the Securities and Exchange 
Commission (``Commission''), pursuant to Section 12(d) of the 
Securities Exchange Act of 1934 (``Act'') \1\ and Rule 12d2-2(c) 
thereunder,\2\ to strike from listing and registration on the Exchange 
the call and put option contracts issued by The Options Clearing 
Corporation respecting the underlying securities described below.
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    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(c).
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    ISE Rule 503(a) generally provides that, whenever the Exchange 
determines that an underlying security previously approved for options 
transactions on the Exchange should no longer be approved, whether 
because it does not meet the standards for continued approval or for 
any other reason, the Exchange shall not open any additional options 
series of that class for trading, and may take steps thereafter to 
prohibit opening purchase transactions in options series of that class 
previously opened to the extent it deems such actions appropriate. When 
an underlying security becomes no longer approved for options 
transactions, the Exchange may apply to strike the related option 
contracts from listing and trading once all such option contracts have 
expired. Under this provision, the ISE has determined to strike from 
listing and trading the call and put option classes relating to the 
underlying common stock of the following companies:

EntreMed, Inc. (ENMD)
Interwoven, Inc. (IWOV)
Kmart Corporation (KMRTQ)

    The Commission, having considered the facts stated in the ISE's 
application and having due regard for the public interest and 
protection of investors, orders that the application be, and it hereby 
is, granted, effective at the opening of business on January 17, 2003.


[[Page 3289]]


    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\3\
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    \3\ 17 CFR 200.30-3(a)(1).
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Jonathan G. Katz,
Secretary.
[FR Doc. 03-1449 Filed 1-22-03; 8:45 am]
BILLING CODE 8010-01-M