Notice of Filing and Order Granting Accelerated Approval to Proposed Rule Change and Amendment No.

SECURITIES AND EXCHANGE COMMISSION (Release No. 34-54851; File No. SR-Amex-2006-48) November 30, 2006 Self-Regulatory Organizations; American Stock Exchange LLC; Notice of Filing and Order Granting Accelerated Approval to Proposed Rule Change and Amendment No. 1 Thereto Modifying the Exchange’s Independent Director and Audit Committee Corporate Governance Standards 1Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”), and 2Rule 19b-4 thereunder, notice is hereby given that on May 17, 2006, the American Stock Exchange LLC (“Amex” or “Exchange”) filed with the Securities and Exchange Commission (“Commission”) the proposed rule change as described in Items I and II below, which Items have been substantially prepared by the Exchange. Amex filed 3Amendment No. 1 with the Commission on September 25, 2006. The Commission is publishing this notice to solicit comments on the proposed rule change, as amended, from interested persons and to approve the proposal on an accelerated basis. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend Section 121 of the Amex Company Guide (“Company Guide”) to clarify and modify certain corporate governance standards applicable to companies listed on the Amex, including the definition of “independent 1 15 U.S.C. 78s(b)(1). 2 17 CFR 240.19b-4. 3 Amendment No. 1 replaced and superseded the original filing in its entirety. ...