[Federal Register Volume 68, Number 188 (Monday, September 29, 2003)]
[Notices]
[Page 56026]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-24504]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-48507; File No. SR-CBOE-2003-27]


Self-Regulatory Organizations; Order Approving Proposed Rule 
Change by the Chicago Board Options Exchange, Inc. Relating to the 
Representation of Orders by Floor Brokers

September 22, 2003.
    On July 27, 2003, the Chicago Board Options Exchange, Inc. 
(``CBOE'' or ``Exchange'') submitted to 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 CBOE Rule 6.45A to 
permit floor brokers to represent as agent orders from unaffiliated 
broker-dealers. The Federal Register published the proposed rule change 
for comment on August 19, 2003.\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\ Securities Exchange Act Release No. 49826 (August 12, 2003), 
68 FR 49826.
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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 that the proposed rule 
change is consistent with Section 6(b)(5) of the Act \6\ and believes 
that the proposed rules should expand access to the CBOE's electronic 
book in a manner that is consistent with Section 11(a) of the Act.\7\ 
Therefore, the Commission finds the proposed rule change is designed to 
promote just and equitable principles of trade, to prevent fraudulent 
and manipulative acts and, in general, to protect investors and the 
public interest.
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    \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).
    \7\ 15 U.S.C. 78k(a).
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    It is therefore ordered, pursuant to Section 19(b)(2) of the 
Act,\8\ that the proposed rule change (SR-CBOE-2003-27), is approved.
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    \8\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\9\
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    \9\ 17 CFR 200.30-3(a)(12).
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Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 03-24504 Filed 9-26-03; 8:45 am]
BILLING CODE 8010-01-P