Comment Ltr on Electronic 19b-4 filing 7-14-041

Darla C. Stuckey New York Stock Exchange, Inc. Corporate Secretary 11 Wall Street New York, NY 10005 tel: 212.656.2060 fax: 212.656.3939 dstuckey@nyse.com Via email to www.rule-comments@sec.gov July 14, 2004 Jonathan G. Katz Secretary Securities and Exchange Commission 450 Fifth Street, NW Washington, DC 20549-0609 Re: File No. S7-18-04; Release No. 34-49505/March 30, 2004 Dear Mr. Katz: The New York Stock Exchange (“NYSE”) appreciates the opportunity to comment on the Securities and Exchange Commission’s (“SEC”) proposed amendments to Rule 19b-4 and Form 19b-4 to require self-regulatory organizations (“SROs”) to file proposed rule changes through a web-based system and to maintain their proposed and current rules on their websites. The NYSE generally supports the proposals and agrees they will make the SRO rule filing process more transparent and efficient for the SEC, SROs and the public. We have, however, some suggestions to offer. Use of Paper Filings In the unusual circumstance that the web-submission system is not functioning at one or more points of potential failure, the NYSE believes that SROs should be allowed to use a paper version of the filing, with website posting to follow as soon as practicable after the problem is fixed. SROs will need to continue their operations and compliance with the statutory rule filing process regardless of the availability of the web system. It would be simplest for ...