Self Regulatory Organizations; New York Stock Exchange, Inc.; Order Granting Approval to Proposed Rule Change Amendment Exchange Rule 387 To Apply to Member or Member Organizations

---
identifier: "/us/fr/01-27762"
source: "fr"
legal_status: "authoritative_unofficial"
title: "Self Regulatory Organizations; New York Stock Exchange, Inc.; Order Granting Approval to Proposed Rule Change Amendment Exchange Rule 387 To Apply to Member or Member Organizations"
title_number: 0
title_name: "Federal Register"
section_number: "01-27762"
section_name: "Self Regulatory Organizations; New York Stock Exchange, Inc.; Order Granting Approval to Proposed Rule Change Amendment Exchange Rule 387 To Apply to Member or Member Organizations"
positive_law: false
currency: "2001-11-06"
last_updated: "2001-11-06"
format_version: "1.1.0"
generator: "[email protected]"
agency: "Securities and Exchange Commission"
document_number: "01-27762"
document_type: "notice"
publication_date: "2001-11-06"
agencies:
  - "Securities and Exchange Commission"
fr_citation: "66 FR 56142"
fr_volume: 66
docket_ids:
  - "Release No. 34-45003"
  - "File No. SR-NYSE-31"
---


#  Self Regulatory Organizations; New York Stock Exchange, Inc.; Order Granting Approval to Proposed Rule Change Amendment Exchange Rule 387 To Apply to Member or Member Organizations

On August 21, 2001, the New York Stock Exchange, Inc. (“NYSE” 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 amend NYSE Rule 387 (“COD Orders”)  in order to clarify the Rule's application to all “member[s]” and “member organization[s].”

[^1] 15 U.S.C. 78s(b)(1).

[^2] 17 CFR 240.19b-4.

The proposed rule change was published for comment in the *Federal Register* on September 25, 2001. [^3] The Commission received no comments on the proposal.

[^3]*See* Securities Exchange Act Release No. 44811 (September 18, 2001), 66 FR 49054 (September 25, 2001).

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] and, in particular, the requirements of section 6 of the Act [^5] and the rules and regulations thereunder. The Commission finds specifically that the proposed rule change is consistent with section 6(b)(5) of the Act [^6] because, in clarifying the application of Exchange Rule 387 to both “member[s]” and “member organization[s],” it is designed to foster cooperation and coordination with persons engaged in regulating, clearing, settling and facilitating transactions in securities.

[^4] In approving this proposed rule change, the Commission notes that it has considered its impact on efficiency, competition, and capital formation. 15 U.S.C. 78c(f).

[^5] 15 U.S.C. 78f.

[^6] 15 U.S.C. 78f(b)(5).

*It is therefore ordered* , pursuant to section 19(b)(2) of the Act, [^7] that the proposed rule change (File No. SR-NYSE-2001-31) is approved.

[^7] 15 U.S.C. 78s(b)(2).

For the Commission, by the Division of Market Regulation, pursuant to delegated authority. [^8]

[^8] 17 CFR 200.30-3(a)(12).

Margaret H. McFarland,

Deputy Secretary.