%PDF-1.5 % 2 0 obj <> endobj 3 0 obj <>stream 0 G 0 J 0 j 2.2 w 10 M []0 d /GS1 gs 1 i 45 744 m 567 744 l S 0.3 w 45 740 m 567 740 l S BT /F11 1 Tf 11 0 0 11 45 750 Tm 0 g 0 Tc 0 Tw (71000 )Tj 9.8 0 0 10 132.92 750 Tm 0.2265 Tw (Federal Register)Tj /F17 1 Tf 8.0008 0 TD [(/)-165.3(Vol. 71, No. 235)-165.3(/)-165.3(Thursday, December 7, 2006)-165.3(/)-165.3(Notices )]TJ ET 0.5 w 45 195.8 m 95 195.8 l S BT 5.446 0 0 4.55 52 188.8714 Tm 0 Tw (1)Tj 7 0 0 7 56.168 187.1001 Tm -0.0029 Tw (15 U.S.C. 78s\(b\)\(1\). )Tj 5.446 0 0 4.55 52 179.8714 Tm 0 Tw (2)Tj 7 0 0 7 56.168 178.1001 Tm -0.0029 Tw (17 CFR 240.19b)Tj /F7 1 Tf 7.2213 0 TD 0 Tw ()Tj /F17 1 Tf 0.556 0 TD (4. )Tj 5.446 0 0 4.55 52 170.8714 Tm (3)Tj 7 0 0 7 56.168 169.1001 Tm -0.0029 Tw (Section 107D provides for the listing and trading )Tj -1.5954 -1.1429 TD (of Index-Linked Securities pursuant to Rule 19b)Tj /F7 1 Tf 22.0379 0 TD 0 Tw ()Tj /F17 1 Tf 0.556 0 TD ( )Tj -22.5939 -1.1429 TD -0.0029 Tw (4\(e\) under the Act \(the )Tj /F7 1 Tf 10.6517 0 TD 0 Tw ()Tj /F17 1 Tf 0.556 0 TD -0.0029 Tw (generic listing standards)Tj /F7 1 Tf 11.2133 0 TD 0 Tw ()Tj /F17 1 Tf 0.556 0 TD (\). )Tj 5.446 0 0 4.55 52 145.8713 Tm (4)Tj /F8 1 Tf 7 0 0 7 56.168 144.1 Tm (See )Tj /F17 1 Tf 1.8861 0 TD -0.0029 Tw (Securities Exchange Act Release No. 54629 )Tj -3.4816 -1.1429 TD (\(October 19, 2006\), 71 FR 63056. )Tj 5.446 0 0 4.55 52 128.8714 Tm 0 Tw (5)Tj 7 0 0 7 56.168 127.1 Tm -0.0029 Tw (The Exchange may submit a rule filing pursuant )Tj -1.5954 -1.1429 TD (to Section 19\(b\)\(2\) of the Act to permit the listing )Tj T* (and trading of index linked securities that do not )Tj T* (otherwise meet the generic listing criteria set forth )Tj T* (in Section 107D. )Tj 5.446 0 0 4.55 52 87.8712 Tm 0 Tw (6)Tj 7 0 0 7 56.168 86.0999 Tm -0.0029 Tw (In approving the proposed rule change, the )Tj -1.5954 -1.1429 TD (Commission notes that it has considered the )Tj T* (proposed rule)Tj /F7 1 Tf 6.3861 0 TD 0 Tw ()Tj /F17 1 Tf 0.278 0 TD -0.0029 Tw (s impact on efficiency, competition )Tj -6.6641 -1.1429 TD (and capital formation. 15 U.S.C. 78c\(f\). )Tj 5.446 0 0 4.55 52 54.8712 Tm 0 Tw (7)Tj 7 0 0 7 56.168 53.0999 Tm -0.0029 Tw (15 U.S.C. 78f\(b\)\(5\). )Tj ET 222 153.8 m 272 153.8 l S BT 5.446 0 0 4.55 229 146.8714 Tm 0 Tw (8)Tj /F8 1 Tf 7 0 0 7 233.168 145.1 Tm -0.0029 Tw (See also )Tj /F17 1 Tf 4.0323 0 TD (Section 104 of the Amex Company )Tj -5.6277 -1.1429 TD (Guide setting forth the standards for listing debt )Tj T* 0 Tw (securities. )Tj 5.446 0 0 4.55 229 121.8713 Tm (9)Tj /F8 1 Tf 7 0 0 7 233.168 120.1 Tm (See )Tj /F17 1 Tf 1.8861 0 TD -0.0029 Tw (Securities Exchange Act Release No. 42110 )Tj -3.4816 -1.1429 TD (\(November 5, 1999\), 64 FR 61677 \(November 12, )Tj T* (1999\) \(SR)Tj /F7 1 Tf 4.4431 0 TD 0 Tw ()Tj /F17 1 Tf 0.556 0 TD (Amex)Tj /F7 1 Tf 2.723 0 TD ()Tj /F17 1 Tf 0.556 0 TD (9)Tj /F7 1 Tf 0.556 0 TD ()Tj /F17 1 Tf 0.556 0 TD -0.0029 Tw (33\); 41992 \(October 7, 1999\), 64 )Tj -9.3901 -1.1429 TD (FR 56007 \(October 15, 1999\) \(SR)Tj /F7 1 Tf 14.9367 0 TD 0 Tw ()Tj /F17 1 Tf 0.556 0 TD (NYSE)Tj /F7 1 Tf 2.722 0 TD ()Tj /F17 1 Tf 0.556 0 TD (99)Tj /F7 1 Tf 1.112 0 TD ()Tj /F17 1 Tf 0.556 0 TD (22\); )Tj -20.4387 -1.1429 TD -0.0029 Tw (42313 \(January 4, 2000\), 65 FR 2205 \(January 13, )Tj T* (2000\) \(SR)Tj /F7 1 Tf 4.4431 0 TD 0 Tw ()Tj /F17 1 Tf 0.556 0 TD (CHX)Tj /F7 1 Tf 2.167 0 TD ()Tj /F17 1 Tf 0.556 0 TD (99)Tj /F7 1 Tf 1.112 0 TD ()Tj /F17 1 Tf 0.556 0 TD (19\). )Tj 5.446 0 0 4.55 229 72.8712 Tm (10)Tj 7 0 0 7 236.1959 71.0999 Tm -0.0029 Tw (15 U.S.C. 78f\(b\)\(5\). )Tj 5.446 0 0 4.55 229 63.8712 Tm 0 Tw (11)Tj 7 0 0 7 236.1959 62.0999 Tm -0.0029 Tw (17 CFR 200.30)Tj /F7 1 Tf 6.6653 0 TD 0 Tw ()Tj /F17 1 Tf 0.556 0 TD (3\(a\)\(12\). )Tj 5.446 0 0 4.55 229 54.8712 Tm (1)Tj 7 0 0 7 233.168 53.0999 Tm -0.0029 Tw (15 U.S.C. 78s\(b\)\(1\). )Tj ET 399 150.2 m 449 150.2 l S BT 5.446 0 0 4.55 406 143.2714 Tm 0 Tw (2)Tj 7 0 0 7 410.168 141.5 Tm -0.0029 Tw (The Commission has modified portions of the )Tj -1.5954 -1.1286 TD (text of the summaries prepared by BSE. )Tj 5.446 0 0 4.55 406 126.4714 Tm 0 Tw (3)Tj 7 0 0 7 410.168 124.7 Tm -0.0029 Tw (Currently, the only registered clearing agency )Tj -1.5954 -1.1286 TD (operating a DRS is DTC. For a description of DRS )Tj T* (and the DRS facilities administered by DTC, see )Tj T* (Securities Exchange Act Release Nos. 37931 )Tj T* (\(November 7, 1996\), 61 FR 58600 \(November 15, )Tj 0 -1.1429 TD (1996\), [File No. SR)Tj /F7 1 Tf 8.6604 0 TD 0 Tw ()Tj /F17 1 Tf 0.556 0 TD (DTC)Tj /F7 1 Tf 2.056 0 TD ()Tj /F17 1 Tf 0.556 0 TD (96)Tj /F7 1 Tf 1.112 0 TD ()Tj /F17 1 Tf 0.556 0 TD -0.0029 Tw (15] \(order granting )Tj -13.4964 -1.1429 TD (approval to establish DRS\) and 41862 \(September )Tj T* (10, 1999\), 64 FR 51162 \(September 21, 1999\), [File )Tj T* (No. SR)Tj /F7 1 Tf 3.1651 0 TD 0 Tw ()Tj /F17 1 Tf 0.556 0 TD (DTC)Tj /F7 1 Tf 2.056 0 TD ()Tj /F17 1 Tf 0.556 0 TD (99)Tj /F7 1 Tf 1.112 0 TD ()Tj /F17 1 Tf 0.556 0 TD -0.0029 Tw (16] \(order approving )Tj -8.0011 -1.1429 TD (implementation of the Profile Modification System\). )Tj /F10 1 Tf 9 0 0 9 45 724 Tm -0.0044 Tw (SECURITIES AND EXCHANGE )Tj 0 -1.1111 TD 0 Tw (COMMISSION )Tj 8 0 0 8 45 699.6 Tm -0.0025 Tw ([Release No. 34)Tj /F3 1 Tf 7.387 0 TD 0 Tw ()Tj /F10 1 Tf 0.556 0 TD -0.0025 Tw (54844; File No. SR)Tj /F3 1 Tf 8.6625 0 TD 0 Tw ()Tj /F10 1 Tf 0.556 0 TD (Amex)Tj /F3 1 Tf 2.723 0 TD ()Tj /F10 1 Tf 0.556 0 TD ( )Tj -20.4405 -1.125 TD (2006)Tj /F3 1 Tf 2.224 0 TD ()Tj /F10 1 Tf 0.556 0 TD (88] )Tj 9 0 0 9 45 672.6 Tm -0.0044 Tw (Self-Regulatory Organizations; )Tj 0 -1.1111 TD (American Stock Exchange LLC; Order )Tj T* (Approving Proposed Rule Change To )Tj T* (Extend the Term of Index-Linked )Tj T* 0 Tw (Securities )Tj /F17 1 Tf 8 0 0 8 45 616.6002 Tm -0.0025 Tw (November 30, 2006. )Tj 9 0 0 9 54 605.9001 Tm -0.0044 Tw (On September 20, 2006, the American )Tj -1 -1.1111 TD (Stock Exchange LLC \()Tj /F7 1 Tf 9.9877 0 TD 0 Tw ()Tj /F17 1 Tf 0.556 0 TD (Amex)Tj /F7 1 Tf 2.723 0 TD ()Tj /F17 1 Tf 0.556 0 TD -0.0011 Tc -0.0033 Tw ( or )Tj /F7 1 Tf -13.8227 -1.1111 TD 0 Tc 0 Tw ()Tj /F17 1 Tf 0.556 0 TD (Exchange)Tj /F7 1 Tf 4.389 0 TD ()Tj /F17 1 Tf 0.556 0 TD -0.0044 Tw (\) filed with the Securities )Tj -5.501 -1.1111 TD (and Exchange Commission )Tj T* 0 Tw (\()Tj /F7 1 Tf 0.333 0 TD ()Tj /F17 1 Tf 0.556 0 TD (Commission)Tj /F7 1 Tf 5.722 0 TD ()Tj /F17 1 Tf 0.556 0 TD -0.0044 Tw (\), pursuant to Section )Tj -7.167 -1.1111 TD (19\(b\)\(1\) of the Securities Exchange Act )Tj T* (of 1934 \()Tj /F7 1 Tf 3.9931 0 TD 0 Tw ()Tj /F17 1 Tf 0.556 0 TD (Act)Tj /F7 1 Tf 1.611 0 TD ()Tj /F17 1 Tf 0.556 0 TD (\))Tj 7.002 0 0 5.85 109.942 548.1781 Tm (1)Tj 9 0 0 9 116.2951 545.9001 Tm -0.0044 Tw (and Rule 19b)Tj /F7 1 Tf 6.0481 0 TD 0 Tw ()Tj /F17 1 Tf 0.556 0 TD (4 )Tj -14.5258 -1.1111 TD (thereunder,)Tj 7.002 0 0 5.85 92.997 538.1781 Tm (2)Tj 9 0 0 9 99.3501 535.9001 Tm -0.0044 Tw (a proposed rule change to )Tj -6.0389 -1.1111 TD (amend Section 107D\(b\) of the Amex )Tj T* (Company Guide)Tj 7.002 0 0 5.85 113.465 518.1781 Tm 0 Tw (3)Tj 9 0 0 9 119.8181 515.9001 Tm -0.0044 Tw (to extend the )Tj -8.3131 -1.1111 TD (maximum duration of index-linked )Tj T* (securities \()Tj /F7 1 Tf 4.9936 0 TD 0 Tw ()Tj /F17 1 Tf 0.556 0 TD -0.0044 Tw (Index-Linked Securities)Tj /F7 1 Tf 10.9936 0 TD 0 Tw ()Tj /F17 1 Tf 0.556 0 TD (\) )Tj -17.0991 -1.1111 TD -0.0044 Tw (from ten \(10\) years to thirty \(30\) years. )Tj T* (The proposed rule change was )Tj T* (published for comment in the )Tj /F11 1 Tf 13.9218 0 TD 0 Tw (Federal )Tj -13.9218 -1.1111 TD (Register )Tj /F17 1 Tf 4.0496 0 TD -0.0044 Tw (on October 27, 2006.)Tj 7.002 0 0 5.85 166.871 458.1781 Tm 0 Tw (4)Tj 9 0 0 9 173.2241 455.9002 Tm (The )Tj -14.2471 -1.1111 TD -0.0044 Tw (Commission received no comment )Tj T* (letters on the proposal. )Tj 1 -1.0778 TD (Section 107D of the Amex Company )Tj -1 -1.1111 TD (Guide currently sets forth eleven criteria )Tj T* (that the issue and the issuer must meet )Tj T* (in order to list and trade Index-Linked )Tj T* (Securities pursuant to the generic listing )Tj T* 0 Tw (standards.)Tj 7.002 0 0 5.85 87.489 378.4782 Tm (5)Tj 9 0 0 9 93.8421 376.2002 Tm -0.0044 Tw (One of the criteria the )Tj -5.4269 -1.1111 TD (Exchange considers for the listing and )Tj T* (trading of Index-Linked Securities )Tj T* (pursuant to 107D is that the term of the )Tj T* (issue must be a minimum term of one )Tj T* (year but not greater than ten years. )Tj T* (Proposed Section 107D\(b\) would extend )Tj T* (the duration of the term of the issue )Tj T* (from ten years to thirty years. )Tj 1 -1.0778 TD (The Commission finds that the )Tj -1 -1.1111 TD (proposed rule change is consistent with )Tj T* (the requirements of the Act and the )Tj T* (rules and regulations thereunder )Tj T* (applicable to a national securities )Tj T* 0 Tw (exchange.)Tj 7.002 0 0 5.85 86.004 238.7782 Tm (6)Tj 9 0 0 9 92.3571 236.5002 Tm -0.0044 Tw (In particular, the )Tj -5.2619 -1.1111 TD (Commission finds that the proposed )Tj T* (rule change is consistent with Section )Tj T* (6\(b\)\(5\) of the Act,)Tj 7.002 0 0 5.85 117.384 208.7782 Tm 0 Tw (7)Tj 9 0 0 9 123.7371 206.5002 Tm -0.0044 Tw (which requires, )Tj 10.9181 57.6111 TD (among other things, that Exchange rules )Tj 0 -1.1111 TD (be designed to prevent fraudulent and )Tj T* (manipulative acts and practices, to )Tj T* (promote just and equitable principles of )Tj T* (trade, to foster cooperation and )Tj T* (coordination with persons engaged in )Tj T* (facilitating transactions in securities, )Tj T* (and to remove impediments to and )Tj T* (perfect the mechanism of a free and )Tj T* (open market and a national market )Tj T* (system. Amending Section 107D should )Tj T* (provide the Exchange with more )Tj T* (flexibility in responding to the )Tj T* (increased demand from issuers to list )Tj T* (and trade Index-Linked Securities that )Tj T* (are greater than ten years in duration. )Tj T* (The Commission notes that corporate )Tj T* (bonds and other fixed-income products )Tj T* (historically have been issued with terms )Tj T* (of up to, or greater than, thirty years.)Tj 7.002 0 0 5.85 373.235 537.2782 Tm 0 Tw (8)Tj 9 0 0 9 377.1281 535.0002 Tm ( )Tj -17.2365 -1.1111 TD -0.0044 Tw (In addition, the Commission has )Tj T* (approved amendments to the generic )Tj T* (listing standards for equity-linked notes )Tj T* (that removed the maximum term limits )Tj T* (for those securities.)Tj 7.002 0 0 5.85 302.407 487.2783 Tm 0 Tw (9)Tj 9 0 0 9 306.3001 485.0003 Tm ( )Tj /F8 1 Tf -8.3667 -1.0444 TD -0.0044 Tw (It is therefore ordered)Tj /F17 1 Tf 9.9127 0 TD (, pursuant to )Tj -10.9127 -1.1111 TD (Section 19\(b\)\(2\) of the Act,)Tj 7.002 0 0 5.85 332.846 467.8783 Tm 0 Tw (10)Tj 9 0 0 9 343.0922 465.6003 Tm -0.0044 Tw (that the )Tj -13.4547 -1.1111 TD (proposed rule change \(SR)Tj /F7 1 Tf 11.7647 0 TD 0 Tw ()Tj /F17 1 Tf 0.556 0 TD (Amex)Tj /F7 1 Tf 2.723 0 TD ()Tj /F17 1 Tf 0.556 0 TD (2006)Tj /F7 1 Tf 2.224 0 TD ()Tj /F17 1 Tf 0.556 0 TD ( )Tj -18.3797 -1.1111 TD -0.0044 Tw (88\) be, and hereby is, approved. )Tj 8 0 0 8 230 432.6003 Tm -0.0025 Tw (For the Commission, by the Division of )Tj -1 -1.125 TD (Market Regulation, pursuant to delegated )Tj T* 0 Tw (authority.)Tj 6.224 0 0 5.2 258 416.625 Tm (11)Tj 8 0 0 8 264.9211 414.6003 Tm ( )Tj /F11 1 Tf -5.3651 -1.375 TD -0.0025 Tw (Nancy M. Morris, )Tj /F8 1 Tf T* 0 Tw (Secretary. )Tj /F17 1 Tf T* -0.0025 Tw ([FR Doc. E6)Tj /F7 1 Tf 5.385 0 TD 0 Tw ()Tj /F17 1 Tf 0.556 0 TD -0.0025 Tw (20762 Filed 12)Tj /F7 1 Tf 6.831 0 TD 0 Tw ()Tj /F17 1 Tf 0.556 0 TD (6)Tj /F7 1 Tf 0.556 0 TD ()Tj /F17 1 Tf 0.556 0 TD -0.0025 Tw (06; 8:45 am] )Tj /F10 1 Tf 6 0 0 6 222 370.6003 Tm 0.1633 Tw (BILLING CODE 8011)Tj /F3 1 Tf 9.9957 0 TD 0 Tw ()Tj /F10 1 Tf 0.556 0 TD (01)Tj /F3 1 Tf 1.112 0 TD ()Tj /F10 1 Tf 0.556 0 TD (P )Tj ET 0.3 w 222 360.44 m 390 360.44 l S BT 9 0 0 9 222 342.3003 Tm -0.0044 Tw (SECURITIES AND EXCHANGE )Tj 0 -1.1111 TD 0 Tw (COMMISSION )Tj 8 0 0 8 222 317.9003 Tm -0.0025 Tw ([Release No. 34)Tj /F3 1 Tf 7.387 0 TD 0 Tw ()Tj /F10 1 Tf 0.556 0 TD -0.0025 Tw (54832; File No. SR)Tj /F3 1 Tf 8.6625 0 TD 0 Tw ()Tj /F10 1 Tf 0.556 0 TD (BSE)Tj /F3 1 Tf 2.056 0 TD ()Tj /F10 1 Tf 0.556 0 TD ( )Tj -19.7735 -1.125 TD (2006)Tj /F3 1 Tf 2.224 0 TD ()Tj /F10 1 Tf 0.556 0 TD (46] )Tj 9 0 0 9 222 290.9003 Tm -0.0044 Tw (Self-Regulatory Organizations; Boston )Tj 0 -1.1111 TD (Stock Exchange, Inc.; Notice of Filing )Tj T* (of Proposed Rule Change Amending )Tj T* (Rules To Require Securities Become )Tj T* (Eligible for a Direct Registration )Tj T* 0 Tw (System )Tj /F17 1 Tf 8 0 0 8 222 224.9003 Tm -0.0025 Tw (November 29, 2006. )Tj 9 0 0 9 231 214.5004 Tm -0.0044 Tw (Pursuant to Section 19\(b\)\(1\) of the )Tj -1 -1.1111 TD (Securities Exchange Act of 1934 )Tj T* 0 Tw (\()Tj /F7 1 Tf 0.333 0 TD ()Tj /F17 1 Tf 0.556 0 TD (Act)Tj /F7 1 Tf 1.611 0 TD ()Tj /F17 1 Tf 0.556 0 TD (\),)Tj 7.002 0 0 5.85 255.003 196.7783 Tm (1)Tj 9 0 0 9 261.3561 194.5003 Tm -0.0044 Tw (notice is hereby given that on )Tj -4.3729 -1.1111 TD (October 26, 2006, the Boston Stock )Tj T* (Exchange, Inc. \()Tj /F7 1 Tf 7.2691 0 TD 0 Tw ()Tj /F17 1 Tf 0.556 0 TD (BSE)Tj /F7 1 Tf 1.889 0 TD ()Tj /F17 1 Tf 0.556 0 TD -0.0044 Tw (\) filed with the )Tj -10.2701 -1.1111 TD (Securities and Exchange Commission )Tj 19.6667 62.2777 TD 0 Tw (\()Tj /F7 1 Tf 0.333 0 TD ()Tj /F17 1 Tf 0.556 0 TD (Commission)Tj /F7 1 Tf 5.722 0 TD ()Tj /F17 1 Tf 0.556 0 TD -0.0044 Tw (\) the proposed rule )Tj -7.167 -1.1 TD (change described in Items I, II, and III )Tj T* (below, which items have been prepared )Tj T* (primarily by BSE. The Commission is )Tj T* (publishing this notice to solicit )Tj T* (comments on the proposed rule change )Tj T* (from interested parties. )Tj /F11 1 Tf 0 -1.6444 TD (I. Self-Regulatory Organization)Tj /F4 1 Tf 14.5461 0 TD 0 Tw ()Tj /F11 1 Tf 0.278 0 TD (s )Tj -14.8241 -1.1 TD -0.0044 Tw (Statement of the Terms of Substance of )Tj T* (the Proposed Rule Change )Tj /F17 1 Tf 1 -1.4667 TD (BSE proposes to amend its rules to )Tj -1 -1.1 TD (require securities of all listed companies )Tj T* (become eligible to participate in a Direct )Tj T* (Registration System \()Tj /F7 1 Tf 9.7121 0 TD 0 Tw ()Tj /F17 1 Tf 0.556 0 TD (DRS)Tj /F7 1 Tf 2 0 TD ()Tj /F17 1 Tf 0.556 0 TD (\) )Tj -12.8241 -1.1 TD -0.0044 Tw (administered by a clearing agency )Tj T* (registered under Section 17A of the Act. )Tj /F11 1 Tf 0 -1.6444 TD (II. Self-Regulatory Organization)Tj /F4 1 Tf 14.9351 0 TD 0 Tw ()Tj /F11 1 Tf 0.278 0 TD (s )Tj -15.2131 -1.1 TD -0.0044 Tw (Statement of the Purpose of, and )Tj T* (Statutory Basis for, the Proposed Rule )Tj T* 0 Tw (Change )Tj /F17 1 Tf 1 -1.4667 TD -0.0044 Tw (In its filing with the Commission, BSE )Tj -1 -1.1 TD (included statements concerning the )Tj T* (purpose of and basis for the proposed )Tj T* (rule change and discussed any )Tj T* (comments it received on the proposed )Tj T* (rule change. The text of these statements )Tj T* (may be examined at the places specified )Tj T* (in Item IV below. BSE has prepared )Tj T* (summaries, set forth in sections \(A\), \(B\), )Tj T* (and \(C\) below, of the most significant )Tj T* (aspects of these statements.)Tj 7.002 0 0 5.85 512.3519 413.8781 Tm 0 Tw (2)Tj 9 0 0 9 516.2451 411.6001 Tm ( )Tj /F8 1 Tf -13.0272 -1.6444 TD -0.0044 Tw (\(A\) Self-Regulatory Organization)Tj /F6 1 Tf 15.0301 0 TD 0 Tw ()Tj /F8 1 Tf 0.278 0 TD (s )Tj -15.3081 -1.1 TD -0.0044 Tw (Statement of the Purpose of, and )Tj T* (Statutory Basis for, the Proposed Rule )Tj T* 0 Tw (Change )Tj /F17 1 Tf 0 -1.6444 TD -0.0044 Tw (\(1\) Purpose )Tj 1 -1.4667 TD (DRS, as administered by The )Tj -1 -1.1 TD (Depository Trust Company \()Tj /F7 1 Tf 12.9877 0 TD 0 Tw ()Tj /F17 1 Tf 0.556 0 TD (DTC)Tj /F7 1 Tf 2.056 0 TD ()Tj /F17 1 Tf 0.556 0 TD -0.0044 Tw (\), is )Tj -16.1557 -1.1 TD (an electronic system that allows an )Tj T* (investor to establish either through the )Tj T* 0 Tw (issuer)Tj /F7 1 Tf 2.721 0 TD ()Tj /F17 1 Tf 0.278 0 TD -0.0044 Tw (s transfer agent or through the )Tj -2.999 -1.1 TD 0 Tw (investor)Tj /F7 1 Tf 3.722 0 TD ()Tj /F17 1 Tf 0.278 0 TD -0.0044 Tw (s broker-dealer a book-entry )Tj -4 -1.1 TD (position on the books of the issuer and )Tj T* (to electronically transfer her position )Tj T* (between the transfer agent and the )Tj T* 0 Tw (broker-dealer.)Tj 7.002 0 0 5.85 456.51 252.278 Tm (3)Tj 9 0 0 9 462.8631 250.0001 Tm -0.0044 Tw (DRS, therefore, allows )Tj -7.0959 -1.1 TD (an investor to have securities registered )Tj T* (in her name without having a certificate )Tj T* (issued to her and to electronically )Tj T* (transfer, thereby eliminating the risk )Tj T* (and delays associated with the use of )Tj T* (certificates, her securities to her broker- )Tj T* (dealer in order to effect a transaction. )Tj T* (Ownership is recorded in book-entry )Tj T* (form, and instead of receiving a physical )Tj /F12 1 Tf 6.5 0 0 6.5 25 20 Tm 1 g 0 Tw [(VerDate Aug<31>2005 )-1076.9(17:29 Dec 06, 2006)-1076.9(Jkt 211001)-1076.9(PO 00000)-1076.9(Frm 00055)-1076.9(Fmt 4703)-1076.9(Sfmt 4703)-1076.9(E:\\FR\\FM\\07DEN1.SGM)-1076.9(07DEN1)]TJ 0 5 -5 0 22 18 Tm (sroberts on PROD1PC70 with NOTICES)Tj ET endstream endobj 4 0 obj <>/ProcSet[/PDF/Text]/Font<>>> endobj 5 0 obj <> endobj 6 0 obj <> endobj 7 0 obj <> endobj 8 0 obj <> endobj 9 0 obj <> endobj 10 0 obj <> endobj 11 0 obj <> endobj 12 0 obj <> endobj 13 0 obj <> endobj 14 0 obj <> endobj 15 0 obj <> endobj 16 0 obj <> endobj 17 0 obj <> endobj 18 0 obj <> endobj 19 0 obj <> endobj 20 0 obj <> endobj 22 0 obj <> endobj 23 0 obj <>stream 0 G 0 J 0 j 2.2 w 10 M []0 d /GS1 gs 1 i 45 744 m 567 744 l S 0.3 w 45 740 m 567 740 l S BT /F11 1 Tf 11 0 0 11 536.42 750 Tm 0 g 0 Tc 0 Tw (71001 )Tj 9.8 0 0 10 132.92 750 Tm 0.2265 Tw (Federal Register)Tj /F17 1 Tf 8.0008 0 TD [(/)-165.3(Vol. 71, No. 235)-165.3(/)-165.3(Thursday, December 7, 2006)-165.3(/)-165.3(Notices )]TJ ET 0.5 w 45 255.8 m 95 255.8 l S BT 5.446 0 0 4.55 52 248.8714 Tm 0 Tw (4)Tj 7 0 0 7 56.168 247.1001 Tm -0.0029 Tw (In that regard, in March 2004 the Commission )Tj -1.5954 -1.1429 TD (published a concept release that discussed, among )Tj T* (other things, whether more should be done to )Tj T* (reduce the use of physical securities certificates by )Tj T* (individual investors. The Commission noted that )Tj T* (the use of physical certificates increases the costs )Tj T* (and risks of clearing and settling securities )Tj T* (transactions, costs that most often are ultimately )Tj T* (borne by investors. Securities Exchange Act Release )Tj T* (No. 8398 \(March 11, 2004\), 69 FR 12922 \(March 18, )Tj T* (2004\). Issuers may save money by not having to )Tj T* (print or process physical certificates but may incur )Tj T* (other ongoing expenses to maintain book-entry )Tj T* (records, such as mailing statements to shareholders. )Tj 5.446 0 0 4.55 52 135.8714 Tm 0 Tw (5)Tj 7 0 0 7 56.168 134.1001 Tm -0.0029 Tw (The exact text of the BSE)Tj /F7 1 Tf 11.4867 0 TD 0 Tw ()Tj /F17 1 Tf 0.278 0 TD -0.0029 Tw (s proposed rule change )Tj -13.3601 -1.1429 TD (is set forth in its filing, which can be found at )Tj /F8 1 Tf T* 0 Tw (http://www.bostonstock.com/legal/ )Tj T* (pending)Tj /F9 1 Tf 3.759 0 TD ()Tj /F8 1 Tf 0.5 0 TD (rule)Tj /F9 1 Tf 1.815 0 TD ()Tj /F8 1 Tf 0.5 0 TD (filings.html. )Tj /F17 1 Tf 5.446 0 0 4.55 52 102.8713 Tm (6)Tj 7 0 0 7 56.168 101.1 Tm (DTC)Tj /F7 1 Tf 2.056 0 TD ()Tj /F17 1 Tf 0.278 0 TD -0.0029 Tw (s rules require that a transfer agent )Tj -3.9294 -1.1429 TD (\(including an issuer acting as its own transfer agent\) )Tj T* (acting for a company issuing securities in DRS must )Tj T* (be a DRS Limited Participant. Securities Exchange )Tj T* (Act Release No. 37931 \(November 7, 1996\), 61 FR )Tj T* (58600 \(November 15, 1996\), [File No. SR)Tj /F7 1 Tf 18.7129 0 TD 0 Tw ()Tj /F17 1 Tf 0.556 0 TD (DTC)Tj /F7 1 Tf 2.056 0 TD ()Tj /F17 1 Tf 0.556 0 TD (96)Tj /F7 1 Tf 1.112 0 TD ()Tj /F17 1 Tf 0.556 0 TD ( )Tj -23.5489 -1.1429 TD (15]. )Tj ET 222 61.8 m 272 61.8 l S BT 5.446 0 0 4.55 229 54.8713 Tm (7)Tj 7 0 0 7 233.168 53.1 Tm -0.0029 Tw (15 U.S.C. 78f\(b\)\(5\). )Tj 9 0 0 9 45 725 Tm -0.0044 Tw (certificate from the issuer or its transfer )Tj 0 -1.1111 TD (agent, the investor receives a statement )Tj T* (of holdings as evidence of ownership. )Tj 1 -1.0222 TD (BSE believes that DRS will be an )Tj -1 -1.1111 TD (important step in reducing the use of )Tj T* (securities certificates, which should )Tj T* (facilitate transfers in securities and )Tj T* (could eventually lead to lower risks and )Tj T* (costs for issuers and investors.)Tj 7.002 0 0 5.85 170.822 648.0782 Tm 0 Tw (4)Tj 9 0 0 9 177.1751 645.8002 Tm (To )Tj -14.6861 -1.1111 TD -0.0044 Tw (encourage the use of DRS, the BSE )Tj T* (proposes to require that all listed )Tj T* (securities be eligible to participate in )Tj T* (DRS. Under the proposed rule change, )Tj T* (BSE would add Section 3 to Chapter )Tj T* (XXVII that would require any security )Tj T* (initially listing on BSE on or after )Tj T* (January 1, 2007, to be eligible for a DRS )Tj T* (that is operated by a clearing agency )Tj T* (registered under Section 17A of the Act. )Tj T* (This requirement, however, would not )Tj T* (extend to \(i\) securities of companies )Tj T* (which already have securities listed on )Tj T* (BSE, \(ii\) securities of companies which )Tj T* (immediately prior to such listing had )Tj T* (securities listed on another securities )Tj T* (exchange in the U.S., or \(iii\) non-equity )Tj T* (securities which are book-entry only. )Tj T* (Under the proposed rule, on and after )Tj T* (January 1, 2008, all securities listed on )Tj T* (BSE, other than non-equity securities )Tj T* (which are book-entry only, must be )Tj T* (eligible for a DRS that is operated by a )Tj T* (clearing agency registered under Section )Tj T* (17A of the Act.)Tj 7.002 0 0 5.85 107.394 398.0783 Tm 0 Tw (5)Tj 9 0 0 9 113.7471 395.8003 Tm -0.0044 Tw (While this proposal )Tj -7.6386 -1.1111 TD (would require that securities be DRS )Tj T* (eligible, it would not mandate the )Tj T* (elimination of securities certificates )Tj T* (and, subject to applicable state law and )Tj T* (the company)Tj /F7 1 Tf 5.9406 0 TD 0 Tw ()Tj /F17 1 Tf 0.278 0 TD -0.0044 Tw (s governing documents, an )Tj -6.2186 -1.1111 TD (investor could still elect to receive a )Tj T* (securities certificate if an issuer elects to )Tj T* (issue securities certificates. )Tj 1 -1.0333 TD (In order for a security to be eligible for )Tj -1 -1.1111 TD (the only DRS in operation today, the )Tj T* (issuer is required to use a transfer agent )Tj T* (that meets certain insurance and )Tj T* (connectivity requirements.)Tj 7.002 0 0 5.85 155.957 268.7783 Tm 0 Tw (6)Tj 9 0 0 9 162.3101 266.5003 Tm -0.0044 Tw (As a result, )Tj 6.6322 50.9444 TD (some transfer agents may have to make )Tj 0 -1.1556 TD (changes to comply with their )Tj T* (requirements. In addition, certain )Tj T* (issuers may have to make amendments )Tj T* (to their governing documents, such as )Tj T* (their by-laws or corporate charters, to be )Tj T* (eligible to issue book-entry positions. To )Tj T* (allow sufficient time for these changes, )Tj T* (BSE proposes implementing the )Tj T* (proposed requirement on January 1, )Tj T* (2008, for issuers with securities already )Tj T* (listed on BSE or another listed )Tj T* (marketplace when the rule is approved. )Tj T* (Companies listing for the first time )Tj T* (would have greater flexibility to adopt )Tj T* (any required changes and therefore the )Tj T* (proposed requirement would be )Tj T* (applicable to new listings beginning )Tj T* (January 1, 2007. )Tj 0 -1.7556 TD (\(2\) Statutory Basis )Tj 1 -1.9111 TD (The statutory basis under the Act for )Tj -1 -1.1556 TD (this proposed rule change is the )Tj T* (requirement under Section 6\(b\)\(5\) of the )Tj T* (Act, which requires, among other )Tj T* (things, that the rules of an exchange are )Tj T* (designed to prevent fraudulent and )Tj T* (manipulative acts and practices, to )Tj T* (promote just and equitable principles of )Tj T* (trade, to foster cooperation and )Tj T* (coordination with persons engaged in )Tj T* (regulating, clearing, settling, processing )Tj T* (information with respect to, and )Tj T* (facilitating transactions in securities, to )Tj T* (remove impediments to perfect the )Tj T* (mechanism of a free and open market )Tj T* (and a national market system, and, in )Tj T* (general, to protect investors and the )Tj T* (public interest.)Tj 7.002 0 0 5.85 284.447 330.2783 Tm 0 Tw (7)Tj 9 0 0 9 290.8001 328.0004 Tm -0.0044 Tw (BSE believes that the )Tj -7.6445 -1.1556 TD (proposed rule is consistent with its )Tj T* (obligations under Section 6\(b\)\(5\) )Tj T* (because requiring securities to be )Tj T* (eligible to use DRS should increase the )Tj T* (trading of securities in held book-entry )Tj T* (forms, which should in turn facilitate )Tj T* (the processing of securities transactions. )Tj /F8 1 Tf 0 -1.7556 TD (\(B\) Self-Regulatory Organization)Tj /F6 1 Tf 14.9191 0 TD 0 Tw ()Tj /F8 1 Tf 0.278 0 TD (s )Tj -15.1971 -1.1556 TD -0.0044 Tw (Statement on Burden on Competition )Tj /F17 1 Tf 1 -1.9111 TD (BSE does not believe that the )Tj -1 -1.1556 TD (proposed rule change will impose any )Tj T* (burden on competition that is not )Tj T* (necessary or appropriate in furtherance )Tj T* (of the purposes of the Act. )Tj /F8 1 Tf 0 -1.7556 TD (\(C\) Self-Regulatory Organization)Tj /F6 1 Tf 14.9381 0 TD 0 Tw ()Tj /F8 1 Tf 0.278 0 TD (s )Tj -15.2161 -1.1556 TD -0.0044 Tw (Statement on Comments on the )Tj T* (Proposed Rule Change Received From )Tj T* (Members, Participants, or Others )Tj /F17 1 Tf 1 -1.9111 TD (BSE has neither solicited nor received )Tj -1 -1.1556 TD (written comments on the proposed rule )Tj T* 0 Tw (change. )Tj /F11 1 Tf 19.6667 71.0889 TD -0.0044 Tw (III. Date of Effectiveness of the )Tj 0 -1.1 TD (Proposed Rule Change and Timing for )Tj T* (Commission Action )Tj /F17 1 Tf 1 -1.4667 TD (Within thirty-five days of the date of )Tj -1 -1.1 TD (publication of this notice in the )Tj /F11 1 Tf 14.7493 0 TD 0 Tw (Federal )Tj -14.7493 -1.1 TD (Register )Tj /F17 1 Tf 4.0496 0 TD -0.0044 Tw (or within such longer period: )Tj -4.0496 -1.1 TD (\(i\) As the Commission may designate up )Tj T* (to ninety days of such date if it finds )Tj T* (such longer period to be appropriate )Tj T* (and publishes its reasons for so finding; )Tj T* (or \(ii\) as to which the self-regulatory )Tj T* (organization consents, the Commission )Tj T* 0 Tw (will: )Tj 1 -1.0222 TD -0.0044 Tw (\(A\) By order approve such proposed )Tj -1 -1.1 TD (rule change or )Tj 1 -1.0222 TD (\(B\) Institute proceedings to determine )Tj -1 -1.1 TD (whether the proposed rule change )Tj T* (should be disapproved. )Tj /F11 1 Tf 0 -1.6444 TD (IV. Solicitation of Comments )Tj /F17 1 Tf 1 -1.4667 TD (Interested persons are invited to )Tj -1 -1.1 TD (submit written data, views, and )Tj T* (arguments concerning the foregoing, )Tj T* (including whether the proposed rule )Tj T* (change is consistent with the Act. )Tj T* (Comments may be submitted by any of )Tj T* (the following methods: )Tj /F8 1 Tf 0 -1.6444 TD (Electronic Comments )Tj /F9 1 Tf 1 -1.4667 TD 0 Tw ()Tj /F17 1 Tf 1.0156 0 TD -0.0044 Tw (Use the Commission)Tj /F7 1 Tf 9.4351 0 TD 0 Tw ()Tj /F17 1 Tf 0.278 0 TD -0.0044 Tw (s Internet )Tj -11.7287 -1.1111 TD (comment form \()Tj /F8 1 Tf 7.3251 0 TD 0 Tw (http://www.sec.gov/ )Tj -7.3251 -1.1111 TD (rules/sro.shtml)Tj /F17 1 Tf 6.907 0 TD -0.0044 Tw (\) or )Tj /F9 1 Tf -5.907 -1.0222 TD 0 Tw ()Tj /F17 1 Tf 1.0156 0 TD -0.0044 Tw (Send an e-mail to )Tj /F8 1 Tf 8.3152 0 TD 0 Tw (rule- )Tj -10.3308 -1.1111 TD (comments@sec.gov. )Tj /F17 1 Tf 9.3176 0 TD -0.0044 Tw (Please include File )Tj -9.3176 -1.1111 TD (Number SR)Tj /F7 1 Tf 5.2746 0 TD 0 Tw ()Tj /F17 1 Tf 0.556 0 TD (BSE)Tj /F7 1 Tf 1.889 0 TD ()Tj /F17 1 Tf 0.556 0 TD (2006)Tj /F7 1 Tf 2.224 0 TD ()Tj /F17 1 Tf 0.556 0 TD -0.0044 Tw (46 in the subject )Tj -11.0556 -1.1111 TD 0 Tw (line. )Tj /F8 1 Tf 0 -1.6444 TD -0.0044 Tw (Paper Comments )Tj /F9 1 Tf 1 -1.4667 TD 0 Tw ()Tj /F17 1 Tf 1.0156 0 TD -0.0044 Tw (Send paper comments in triplicate )Tj -2.0156 -1.1111 TD (to Nancy M. Morris, Secretary, )Tj T* (Securities and Exchange Commission, )Tj T* (100 F Street, NE., Washington, DC )Tj T* 0 Tw (20549)Tj /F7 1 Tf 2.78 0 TD ()Tj /F17 1 Tf 0.556 0 TD (1090. )Tj -2.336 -1.0222 TD -0.0044 Tw (All submissions should refer to File )Tj -1 -1.1111 TD (Number SR)Tj /F7 1 Tf 5.2746 0 TD 0 Tw ()Tj /F17 1 Tf 0.556 0 TD (BSE)Tj /F7 1 Tf 1.889 0 TD ()Tj /F17 1 Tf 0.556 0 TD (2006)Tj /F7 1 Tf 2.224 0 TD ()Tj /F17 1 Tf 0.556 0 TD -0.0044 Tw (46. This file )Tj -11.0556 -1.1111 TD (number should be included on the )Tj T* (subject line if e-mail is used. To help the )Tj T* (Commission process and review your )Tj T* (comments more efficiently, please use )Tj T* (only one method. The Commission will )Tj T* (post all comments on the Commission)Tj /F7 1 Tf 17.5328 0 TD 0 Tw ()Tj /F17 1 Tf 0.278 0 TD (s )Tj -17.8108 -1.1111 TD -0.0044 Tw (Internet Web site \()Tj /F8 1 Tf 8.4297 0 TD 0 Tw (http://www.sec.gov/ )Tj -8.4297 -1.1111 TD (rules/sro.shtml)Tj /F17 1 Tf 6.907 0 TD -0.0044 Tw (\). Copies of the )Tj -6.907 -1.1111 TD (submission, all subsequent )Tj T* (amendments, all written statements )Tj T* (with respect to the proposed rule )Tj T* (change that are filed with the )Tj T* (Commission, and all written )Tj T* (communications relating to the )Tj T* (proposed rule change between the )Tj T* (Commission and any person, other than )Tj T* (those that may be withheld from the )Tj T* (public in accordance with the )Tj T* (provisions of 5 U.S.C. 552, will be )Tj T* (available for inspection and copying in )Tj T* (the Commission)Tj /F7 1 Tf 7.4396 0 TD 0 Tw ()Tj /F17 1 Tf 0.278 0 TD -0.0044 Tw (s Public Reference )Tj -7.7176 -1.1111 TD (Section, 100 F Street, NE., Washington, )Tj T* (DC 20549. Copies of such filings also )Tj T* (will be available for inspection and )Tj /F12 1 Tf 6.5 0 0 6.5 25 20 Tm 1 g 0 Tw [(VerDate Aug<31>2005 )-1076.9(17:29 Dec 06, 2006)-1076.9(Jkt 211001)-1076.9(PO 00000)-1076.9(Frm 00056)-1076.9(Fmt 4703)-1076.9(Sfmt 4703)-1076.9(E:\\FR\\FM\\07DEN1.SGM)-1076.9(07DEN1)]TJ 0 5 -5 0 22 18 Tm (sroberts on PROD1PC70 with NOTICES)Tj ET endstream endobj 24 0 obj <>/ProcSet[/PDF/Text]/Font<>>> endobj 25 0 obj <> endobj 26 0 obj <>stream HTMk0:v`]30r˶{b+qܬ_G+vl֚#8aXpqkPNB)@,{,5w%A]3..{`U~$ЭޟqFq,of^n Co'2I%_+k0^+B,p"8o