Self-regulatory organizations; proposed rule changes: Fixed Income Clearing Corp.,

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Federal Register: November 22, 2006 (Volume 71, Number 225)NoticesPage 67667From the Federal Register Online via GPO Access [wais.access.gpo.gov]

DOCID:fr22no06-134

SECURITIES AND EXCHANGE COMMISSION

Release No. 34-54682A; File No. SR-FICC-2006-15Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing of Proposed Rule Change To Modify Its Rules To Diversify and Standardize Clearing Fund Collateral Requirements Across the Divisions To Improve Liquidity and Minimize Risk for Its Members; Correction and Extension of Comment Period

November 17, 2006.

Correction

In FR Doc. E6-18948, beginning on page 65855 for Thursday, November 9, 2006, revise the number ``500,000'' to read ``5,000,000'' on page 65856, second column, sixth line.

Extension

On October 4, 2006, the Fixed Income Clearing Corporation (``FICC'') filed with the Securities and Exchange Commission (``Commission'') a proposed rule change pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder \2\ that would modify the rules of both of the Government Securities Division (``GSD'') and the Mortgage-Backed Securities Division (``MBSD'') (collectively, the ``Divisions'') of FICC to diversify and standardize Clearing Fund collateral requirements across the Divisions. A complete description of the proposed rule change is found in the notice of filing, which was published in the Federal Register on November 9, 2006.\3\ The comment period expires on November 30, 2006.\4\

\1\ 15 U.S.C. 78s(b)(1).

\2\ 17 CFR 240.19b-4.

\3\ Exchange Act Release No. 54682 (November 1, 2006) 71 FR 65855 (November 9, 2006) (SR-FICC-2006-15).

\4\ Id.

To give the public additional time to comment on the correction above, the Commission has decided to extend the comment period pursuant to Section 19(b)(2) of the Act.\5\ Accordingly, the comment period shall be extended until December 12, 2006.

\5\ 15 U.S.C. 78s(b)(2).

Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods:

Electronic Comments

Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml. ) or Send an e-mail to rule-comments@sec.gov. Please include

File Number SR-FICC-2006-15 on the subject line.

Paper Comments

Send paper comments in triplicate to Nancy M. Morris, Secretary, Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549-1090.

All submissions should refer to File Number SR-FICC-2006-15. This file number should be included on the subject line if e-mail is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml ). 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 Section, 100 F Street, NE., Washington, DC 20549. Copies of such filings also will be available for inspection and copying at the principal office of FICC and on FICC's Web site at http://www.ficc.com/gov/notices/GOV115.06.htm?NS-query. All comments received will be posted without

change; the Commission does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR-FICC-2006-15 and should be submitted on or before December 12, 2006.

\6\ 17 CFR 200.30-3(a)(12).

For the Commission by the Division of Market Regulation, pursuant to delegated authority.\6\ Nancy M. Morris, Secretary.

FR Doc. E6-19727 Filed 11-21-06; 8:45 amBILLING CODE 8011-01-P

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