[Federal Register Volume 69, Number 147 (Monday, August 2, 2004)]
[Notices]
[Page 46195]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-17490]



[[Page 46195]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-50089; File No. SR-CHX-2004-04]


Self-Regulatory Organizations; Chicago Stock Exchange, 
Incorporated; Order Approving Proposed Rule Change To Revise CHX 
Article VI, Rule 5 To Correct a Reference to the Form Used for the 
Registration of New Branch Offices

July 26, 2004.
    On January 7, 2004, the Chicago Stock Exchange, Incorporated 
(``CHX'' 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 update the reference to a form 
used by certain CHX member firms for the registration of new branch 
offices. The proposed rule change was published for comment in the 
Federal Register on April 13, 2004.\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. 49529 (April 6, 
2004), 69 FR 19583.
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    The proposed rule change would conform the Exchange's rules to its 
practice. Under the Exchange's rules, a member firm for which the 
Exchange is the designated examining authority must notify the Exchange 
before opening a new branch office. The Exchange's rules require that a 
member firm provide this notice by completing and submitting a MW-B 
form. The Exchange represents, however, that it currently asks its 
member firms to submit Schedule E to Form BD for that purpose. The 
proposed rule change would correct the reference to the form in CHX 
Article VI, Rule 5.
    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\ The 
Commission believes that the proposed rule change is consistent with 
Section 6(b) of the Act,\5\ in general, and furthers the objectives of 
Section 6(b)(5),\6\ in particular, in that it is designed to prevent 
fraudulent and manipulative acts and practices, to promote just and 
equitable principles of trade, 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. Specifically, the Commission 
believes that the Exchange's proposal will conform its rules to its 
practice.
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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(b).
    \6\ 15 U.S.C. 78f(b)(5).
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    For the foregoing reasons, the Commission finds that the proposed 
rule change is consistent with the requirements of the Act and rules 
and regulations thereunder.
    It is therefore ordered, pursuant to Section 19(b)(2) of the 
Act,\7\ that the proposed rule change (SR-CHX-2004-04) 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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Jill M. Peterson,
Assistant Secretary.
[FR Doc. 04-17490 Filed 7-30-04; 8:45 am]
BILLING CODE 8010-01-P