[Federal Register Volume 62, Number 103 (Thursday, May 29, 1997)]
[Notices]
[Page 29177]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-14019]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-38668; File No. SR-PSE-96-30]
Self-Regulatory Organizations; Pacific Stock Exchange
Incorporated; Order Granting Approval to Proposed Rule Change Relating
to the Use of Member Badges On, and the Admission of Visitors to, the
Equity Floors of the Exchange
May 22, 1997.
On August 22, 1996, the Pacific Exchange, Inc. (``Exchange'') \1\
submitted to the Securities and Exchange Commission (``Commission'' or
``SEC''), pursuant to Section 19(b)(1) of the Securities Exchange Act
of 1934 (``Act'') \2\ and Rule 19b-4 thereunder, a proposed rule change
relating to the use of Member badges on, and the admission of visitors
to, the Equity Floors of the Exchange.
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\1\ On March 14, 1997, the Pacific Stock Exchange, Inc. changed
its corporate name to the Pacific Exchange, Inc. See Securities
Exchange Act Release No. 38403 (March 14, 1997), 62 FR 11247.
\2\ 15 U.S.C. 78s(b)(1).
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The proposed rule change was published for comment in Securities
Exchange Act Release No. 37799 (October 9, 1996), 61 FR 54479. No
comments were received on the proposal.
The Exchange proposed to amend its Equity Floor Procedure Advice 1-
C relating to the use of Member badges on, and the admission of
visitors to, the Equity Floors of the Exchange. In addition, the
Exchange proposed to amend its Minor Rule Plan, Rule 10.13(i), which
sets out Equity Floor Decorum and Minor Trading Violations, and the
fines thereof.
The Commission finds that the proposed rule change is consistent
with Section 6(b) of the Act, in general, and Section 6(b)(6), in
particular, in that it is designed to assure that Exchange Members and
persons associated with such Members are appropriately disciplined for
violations of the rules of the Exchange.
It is therefore ordered, pursuant to Section 19(b)(2) of the Act,
that the proposed rule change (SR-PSE-96-30) is approved.\3\
\3\ In approving this rule proposal, the Commission has
considered the proposed rule's impact on efficiency, competition,
and capital formation. 15 U.S.C. 78c(f).
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For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\4\
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\4\ 17 CFR 200.30-3(a)(12).
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Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 97-14019 Filed 5-28-97; 8:45 am]
BILLING CODE 8010-01-M
