The Federal Register

Executive Compensation and Related Person Disclosure

Fri, Sep 8 2006 11:00:00 GMT

The Securities and Exchange Commission is adopting amendments to the disclosure requirements for executive and director compensation, related person transactions, director independence and other corporate governance matters and security ownership of officers and directors. These amendments apply to disclosure in proxy and information statements, periodic reports, current reports and other filings under the Securities Exchange Act of 1934 and to registration statements under the Exchange Act and the Securities Act of 1933. We are also adopting a requirement that disclosure under the amended items generally be provided in plain English. The amendments are intended to make proxy and information statements, reports and registration statements easier to understand. They are also intended to provide investors with a clearer and more complete picture of the compensation earned by a company's principal executive officer, principal financial officer and highest paid executive officers and members of its

Executive Compensation Disclosure

Fri, Sep 8 2006 11:00:00 GMT

The Securities and Exchange Commission is requesting additional comment on a proposed amendment to the disclosure requirements for executive and director compensation. We are requesting comments regarding the proposal to require compensation disclosure for three additional highly compensated employees.

Submission for OMB Review; Comment Request

Fri, Sep 8 2006 11:00:00 GMT

Upon written request, copies available from: Securities and Exchange Commission, Office of Filings and Information Services, Washington, DC 20549.
Extension: Rule 12d11; SEC File No. 270526; OMB Control No. 3235 0584.

Notice is hereby given that pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange Commission (the ``Commission'') has submitted to the Office of Management and Budget (``OMB'') a request for extension of the previously approved collection of information discussed below.

Under current law, an investment company (``fund'') is limited in the amount of securities the fund (``acquiring fund'') can acquire from another fund (``acquired fund''). In general under the Investment Company Act of 1940 (15 U.S.C. 80a) (the ``Investment Company Act'' or ``Act''), a registered fund (and companies it controls) cannot: (i) Acquire more than three percent of another fund's securities; (ii) invest more than five percent of its own assets in anoth

Delaware Investments Dividend and Income Fund, Inc., et al., Notice of Intention To Rescind an Order

Fri, Sep 8 2006 11:00:00 GMT

On April 15, 2002, the Commission issued an order on an application filed by Delaware Investments Dividend and Income Fund, Inc. and Delaware Investments Global Dividend and Income Fund (together, the ``Applicants'') under section 6(c) of the Act granting an exemption from section 19(b) of the Act and rule 19b1 under the Act (the ``Application'').\1\ On August 31, 2006, the Commission issued an order finding, among other things, that Delaware Service Company, Inc. (``DSC'') caused and aided and abetted the Applicants' violations of section 19(a) of the Act and rule 19a1 under the Act and violated [[Page 53141]]
section 34(b) of the Act by making a material misrepresentation to the Commission in the Application (``Order Finding Violations'').\2\ The Commission is issuing this notice of the Commission's intention to rescind the Exemptive Order on the basis of the Order Finding Violations.
\1\ Delaware Investments Dividend and Income Fund, Inc., et al., Investment Company Act Release Nos. 25465

Self-Regulatory Organizations; Philadelphia Stock Exchange, Inc.; Declaration of Effectiveness of the Philadelphia

Fri, Sep 8 2006 11:00:00 GMT

August 31, 2006.

On July 17, 2006, the Philadelphia Stock Exchange, Inc. (``Phlx'') filed with the Securities and Exchange Commission (``Commission'') a fingerprint plan (``Plan'') pursuant to Rule 17f2(c) \1\ under the Securities Exchange Act of 1934 (``Act'').\2\ A copy of the Plan is attached as Exhibit A.
\1\ 17 CFR 240.17f2(c).

\2\ 15 U.S.C. 78a et seq.

The Phlx believes that the Plan will facilitate compliance by Exchange members with Section 17(f)(2) of the Act and Rule 17f2 thereunder by providing a facility for the fingerprints of directors, partners, officers and employees of Exchange members to be submitted to the Attorney General of the United States and processed electronically.

Under the Plan, all persons who are seeking registration with the Phlx or are currently registered with the Phlx submit fingerprint cards or fingerprint results to the NASD, which then forwards the fingerprints to the Federal Bureau of Investigation (``FBI'') (the fingerprint processing ar

Self-Regulatory Organizations; Boston Stock Exchange, Inc.; Notice of Filing and Order Granting Accelerated Approval

Fri, Sep 8 2006 11:00:00 GMT

August 31, 2006.

Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act''),\1\ and Rule 19b4 thereunder,\2\ notice is hereby given that on May 5, 2005, the Boston Stock Exchange, Inc. (``BSE'' or ``Exchange'') filed with the Securities and Exchange Commission (``Commission'') the proposed rule change as described in Items I and II below, which Items have been prepared by the Exchange. On July 12, 2006, BSE filed Amendment No. 1 to the proposed rule change.\3\ On August 29, 2006, BSE filed Amendment No. 2 to the proposed rule change.\4\ The Commission is publishing this notice and order to solicit comments on the proposal from interested persons and to approve the proposed rule change, as amended, on an accelerated basis. \1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b4.
\3\ Amendment No. 1 replaced and superseded the original rule filing in its entirety.
\4\ In Amendment No. 2, BSE removed its proposal to have generic listing standards for narrowbased options

Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Order Approving a Proposed Rule Change

Fri, Sep 8 2006 11:00:00 GMT

August 31, 2006.

I. Introduction

On June 14, 2006, the Chicago Board Options Exchange, Incorporated (``CBOE'' 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 19b4 thereunder,\2\ a proposal to change membership ownership requirements. The CBOE filed Amendment No. 1 to the proposed rule change on July 18, 2006,\3\ which proposed to change certain aspects of the Ultimate Matching Algorithm (``UMA''). The proposed rule change was published for comment in the Federal Register on August 1, 2006.\4\ The Commission received no comments on the proposal, as amended. This order approves the proposed rule change, as amended.
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b4.
\3\ Amendment No. 1 replaced and superseded the original filing in its entirety.
\4\ See Securities Exchange Act Release No. 54216 (July 26, 2006), 71 FR 35471.
II. Description of the Proposal

Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change

Fri, Sep 8 2006 11:00:00 GMT

August 30, 2006.

Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \1\ and Rule 19b4 thereunder,\2\ notice is hereby given that on August 18, 2006, the NYSE Arca, Inc. (``NYSE Arca'' or ``Exchange'') filed with the Securities and Exchange Commission (``Commission'') the proposed rule change as described in Items I and II below, which Items have been prepared by the Exchange. The Exchange has filed the proposal as a ``noncontroversial'' rule change pursuant to Section 19(b)(3)(A) of the Act \3\ and Rule 19b4(f)(6) thereunder,\4\ which renders it effective upon filing with the Commission. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons.
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b4.
\3\ 15 U.S.C. 78s(b)(3)(A).
\4\ 17 CFR 240.19b4(f)(6).
I. SelfRegulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change

NYSE Arca proposes to amend its rules to extend the ti

Self-Regulatory Organizations; The Options Clearing Corporation; Order Granting Approval of a Proposed Rule Change

Fri, Sep 8 2006 11:00:00 GMT

August 29, 2006.

I. Introduction

On December 16, 2005, The Options Clearing Corporation (``OCC'') filed with the Securities and Exchange Commission (``Commission'') proposed rule change SROCC200523 pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'').\1\ Notice of the proposal was published in the Federal Register on May 19, 2006.\2\ No comment letters were received. For the reasons discussed below, the Commission is granting approval of the proposed rule change.
\1\ 15 U.S.C. 78s(b)(1).
\2\ Securities Exchange Act Release No. 53794, (May 11, 2006), 71 FR 29206.

II. Description

Currently, OCC's ByLaws relating to the potential use of securities and other margin assets in the event of a clearing member's liquidation restrict the use of such assets in ways not required under applicable laws and regulations. In addition, certain provisions of OCC's Rules applicable to clearing member liquidations do not fully or clearly reflect limitations imposed by the ByLa