On January 26th, the SEC provided notice of the New York Stock Exchange's filing of a proposed amendment to Exchange Rule 300 (Trading Licenses) to provide that a member organization shall be ineligible to purchase a trading license, either in the annual offering or subsequently, if such member organization is three months in arrears in paying monthly installments of the trading license fee payable in respect of any previously purchased trading license. The NYSE also proposes to amend Rule 309 (Failure to Pay Exchange Fees) to provide that failure to pay trading license fee installments will be governed by proposed Rule 300(h). Comments should be submitted within 21 days after publication in the Federal Register, which is expected during the week of February 1st. SEC Release No. 34-61424.