I. Introduction

On April 30, 2008, The NASDAQ Stock Market LLC (``Nasdaq'' 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 proposed rule change seeking to adopt new Nasdaq Rule 4420(o) to list and trade, or trade pursuant to unlisted trading privileges (``UTP''), securities issued by actively managed, openend investment management companies (``Managed Fund Shares'') and to amend certain other Nasdaq rules to incorporate references to such Managed Fund Shares. On May 7, 2008, the Exchange filed Amendment No. 1 to the proposed rule change. The proposed rule change, as amended, was published for comment in the Federal Register on May 14, 2008.\3\ The Commission received no comments regarding the proposal. This order approves the proposed rule change, as modified by Amendment No. 1.
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b4 ]]> http://thefederalregister.com/d.p/2008-06-20-E8-13914 Fri, Jun 20 2008 11:00:00 GMT