[Federal Register Volume 59, Number 229 (Wednesday, November 30, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-29463]
[[Page Unknown]]
[Federal Register: November 30, 1994]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-35003; File No. S7-27-93]
Consolidated Tape Association; Notice of Filing and Immediate
Effectiveness of Sixteenth Charges Amendment to the Restated
Consolidated Tape Association Plan
November 23, 1994.
Pursuant to Rule 11Aa3-2 of the Securities Exchange Act of 1934
(``Act''), notice is hereby given that on November 18, 1994, the
Consolidated Tap Association (``CTA'') and Consolidated Quotation
(``CQ'') Plan Participants filed with the Securities and Exchange
Commission (``Commission'' or ``SEC'') amendments to the Restated CTA
Plan increasing CTA charges to ticker subscribers. The new rates are
effective as of January 1, 1995.
CTA/CQ has designated the proposals as changing a charge collected
on behalf of all the participants, permitting them to become effective
upon filing, pursuant to the terms of Rule 11Aa3-2(c)(3)(i) under the
Act. The Commission is publishing this notice to solicit comments from
interested persons on the amendments.
I. Description and Purpose of the Amendments
The purpose of the amendment is to recover the ticker network
expense increases that common carriers have recently imposed on the CTA
Plan Participants. The present fees of $110.00 per connection for
Network A and Network B have been in effect since 1985. Since 1985,
each of the Networks has absorbed a number of increases in common
carrier costs. The most recent increases effected in August 1994,
however, were significant and CTA has determined to pass the increased
costs along to customers. Effective January 1, 1995, Network A charges
will increase to $160.00 for those subscribers in the continental USA
that are serviced via the AT&T terrestrial network that Dow Jones
manages for the CTA Plan Participants and to existing customers located
in Montreal and Toronto; the fee for all other locations in Canada will
be based on the cost of delivering the ticker signal to the subscriber.
Rates for subscribers located south of Chambers Street in New York
City, where facilities are leased from NYNEX, and for customers
presently receiving the signal via satellite, remain unchanged. Network
B charges will increase to $130.00 per unit, effective January 1, 1995,
for all customers presently receiving service in the continental USA
and Toronto, Canada, including subscribers in downtown New York City
and those currently receiving the ticker signal via satellite; the fee
for all other locations in Canada will be based on the cost of
delivering the ticker to the subscriber.
II. Solicitation of Comments
Rule 11Aa-3(c)(3) under the Act provides that the proposed
amendment may be put into effect upon filing with the Commission. The
Commission may summarily abrogate the amendment within 60 days of its
filing and require refiling and approval of the amendments by
Commission order pursuant to Rule 11Aa3-2(c) (2), if it appears to the
Commission that such action is necessary or appropriate in the public
interest, for the protection of investors and maintenance of fair and
orderly markets, to remove impediments to and perfect the mechanisms of
a National Market System, or otherwise in furtherance of the purposes
of the Act.
Interested persons are invited to submit written data, views, and
arguments concerning the foregoing. Persons making written submissions
should file six copies thereof with the Secretary, Securities and
Exchange Commission, 450 Fifth Street, NW., Washington, D.C. 20549.
Copies of the submission, all subsequent amendments, all written
statements with respect to the proposed rule change that are filed with
the Commission, and all written communications relating to the proposed
rule change between the Commission and any person, other than those
that may be withheld from the public in accordance with the provisions
of 5 U.S.C. 552, will be available for inspection and copying in the
Commission's Public Reference Room. Copies of such filing will also be
available for inspection and copying at the principal office of the
CTA/CQ. All submission should refer to the file number in the caption
above and should be submitted by December 21, 1994.
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\1\
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\1\17 CFR 200.30-3(a)(27) (1989).
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Jonathan G. Katz,
Secretary.
[FR Doc. 94-29463 Filed 11-29-94; 8:45 am]
BILLING CODE 8010-01-M
