Sunshine Act Meetings, 11720 [05-4781]
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Federal Register / Vol. 70, No. 45 / Wednesday, March 9, 2005 / Notices
between exchange markets and markets
other than exchange markets.’’ 17 When
the Commission first approved of the
Plan on a pilot basis, it found that the
Plan ‘‘should enhance market efficiency
and fair competition, avoid investor
confusion, and facilitate surveillance of
concurrent exchange and OTC
trading.’’ 18 The Plan has been in
existence since 1990 and Participants
have been trading Nasdaq securities
under the Plan since 1993.
The Commission finds that extending
the operation of the Plan for a year
furthers the goals described above by
preventing the lapsing of the sole
effective transaction reporting plan for
Nasdaq securities traded by exchanges
pursuant to unlisted trading privileges.
The Commission believes that the Plan
is a critical component of the national
market system and that the Plan’s
expiration would have a serious,
detrimental impact on the further
development of the national market
system.
The Commission also finds that it is
appropriate to extend the exemption
under Rule 11Aa3–2(f) 19 from
compliance with Section VI.C.1. of the
Plan as required by Rule 11Aa3–2(d).20
The Commission believes that the
requested exemptive relief extension is
consistent with the Act, the Rules
thereunder, and, specifically, with the
objectives set forth in Sections 12(f) and
11A of the Act 21 and Rules 11Aa3–1
and 11Aa3–2 thereunder.22 The
Commission believes that the Plan is a
critical component of the national
market system and that the requested
exemptive relief is necessary to assure
the effective operation of the Plan.
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.25
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. E5–984 Filed 3–8–05; 8:45 am]
IV. Conclusion
Institution and settlement of injunctive
actions; and
Institution and settlement of administrative
proceedings of an enforcement nature.
It is therefore ordered, pursuant to
Sections 12(f) and 11A of the Act 23 and
paragraph (c)(4) of Rule 11Aa3–2 24
thereunder, that the operation of the
Plan be, and hereby is, extended and
that certain exemptive relief also be
extended until December 21, 2005.
17 15
U.S.C. 78k–1(a).
Securities Exchange Act Release No. 28146
(June 26, 1990), 55 FR 27917 (July 6, 1990).
19 17 CFR 240.11Aa3–2(f).
20 17 CFR 240.11Aa3–2(d).
21 15 U.S.C. 78l(f) and 15 U.S.C. 78k–1.
22 17 CFR 240.11Aa3–1 and 11Aa3–2.
23 15 U.S.C. 78l(f) and 15 U.S.C. 78k–1.
24 17 CFR 240.11Aa3–2(c)(4).
25 17 CFR 200.30–3(a)(27).
18 See
VerDate jul<14>2003
20:21 Mar 08, 2005
Jkt 205001
Dated: March 7, 2005.
Jonathan G. Katz,
Secretary.
[FR Doc. 05–4781 Filed 3–7–05; 4:04 pm]
BILLING CODE 8010–01–U
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meetings
Notice is hereby given, pursuant to
the provisions of the Government in the
Sunshine Act, Public Law 94–409, that
the Securities and Exchange
Commission will hold the following
meetings during the week of March 14,
2005:
Closed Meetings will be held on Monday,
March 14, 2005 at 3:30 p.m. and Thursday,
March 17, 2005 at 10 a.m.
Commissioners, Counsel to the
Commissioners, the Secretary to the
Commission, and recording secretaries
will attend the Closed Meetings. Certain
staff members who have an interest in
the matters may also be present.
The General Counsel of the
Commission, or his designee, has
certified that, in his opinion, one or
more of the exemptions set forth in 5
U.S.C. 552b(c)(3), (5), (7), (9)(B), and
(10) and 17 CFR 200.402(a)(5), (7), 9(ii)
and (10), permit consideration of the
scheduled matters at the Closed
Meetings.
Commissioner Goldschmid, as duty
officer, voted to consider the items
listed for the closed meetings in closed
session.
The subject matter of the Closed
Meeting scheduled for Monday, March
14, 2005, will be:
The subject matter of the Closed
Meeting scheduled for Thursday, March
17, 2005, will be:
Formal orders of investigations;
Institution and settlement of injunctive
actions; and
Institution and settlement of administrative
proceedings of an enforcement nature; and an
Opinion.
At times, changes in Commission
priorities require alterations in the
scheduling of meeting items.
For further information and to
ascertain what, if any, matters have been
added, deleted or postponed, please
contact:
The Office of the Secretary at (202)
942–7070.
PO 00000
Frm 00116
Fmt 4703
Sfmt 4703
[Securities Act of 1933, Release No. 8550/
March 3, 2005 and Securities Exchange Act
of 1934, Release No. 51313/ March 3, 2005]
Order Approving Public Company
Accounting Oversight Board Revised
Budget and Annual Accounting
Support Fee for Calendar Year 2005
The Sarbanes-Oxley Act of 2002 (the
‘‘Act’’) established the Public Company
Accounting Oversight Board (‘‘PCAOB’’)
to oversee the audits of public
companies and related matters, to
protect investors, and to further the
public interest in the preparation of
informative, accurate and independent
audit reports. The PCAOB is to
accomplish these goals through
registration of public accounting firms
and standard setting, inspection, and
disciplinary programs. Section 109 of
the Act provides that the PCAOB shall
establish a reasonable annual
accounting support fee, as may be
necessary or appropriate to establish
and maintain the PCAOB. Section
109(h) amends Section 13(b)(2) of the
Securities Exchange Act of 1934 to
require issuers to pay the allocable share
of a reasonable annual accounting
support fee or fees, determined in
accordance with Section 109 of the Act.
Under Section 109(f), the aggregate
annual accounting support fee shall not
exceed the PCAOB’s aggregate
‘‘recoverable budget expenses,’’ which
may include operating, capital and
accrued items. Section 109(b) of the Act
directs the PCAOB to establish a budget
for each fiscal year in accordance with
the PCAOB’s internal procedures,
subject to approval by the Commission.
The PCAOB originally adopted a
budget for calendar year 2005 and
submitted it to the Commission in
October 2004. After further review of its
proposed expenditures for 2005, the
PCAOB adopted a revised budget for
calendar year 2005 and submitted that
budget to the Commission for approval
on January 6, 2005. In its supporting
materials, the PCAOB noted that the
revised budget ‘‘supports its mission to
oversee the auditors of public
companies in order to protect the
interests of investors and further the
public interest in the preparation of
informative, fair and independent audit
reports. This includes carrying out the
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[Federal Register Volume 70, Number 45 (Wednesday, March 9, 2005)]
[Notices]
[Page 11720]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-4781]
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SECURITIES AND EXCHANGE COMMISSION
Sunshine Act Meetings
Notice is hereby given, pursuant to the provisions of the
Government in the Sunshine Act, Public Law 94-409, that the Securities
and Exchange Commission will hold the following meetings during the
week of March 14, 2005:
Closed Meetings will be held on Monday, March 14, 2005 at 3:30
p.m. and Thursday, March 17, 2005 at 10 a.m.
Commissioners, Counsel to the Commissioners, the Secretary to the
Commission, and recording secretaries will attend the Closed Meetings.
Certain staff members who have an interest in the matters may also be
present.
The General Counsel of the Commission, or his designee, has
certified that, in his opinion, one or more of the exemptions set forth
in 5 U.S.C. 552b(c)(3), (5), (7), (9)(B), and (10) and 17 CFR
200.402(a)(5), (7), 9(ii) and (10), permit consideration of the
scheduled matters at the Closed Meetings.
Commissioner Goldschmid, as duty officer, voted to consider the
items listed for the closed meetings in closed session.
The subject matter of the Closed Meeting scheduled for Monday,
March 14, 2005, will be:
Institution and settlement of injunctive actions; and
Institution and settlement of administrative proceedings of an
enforcement nature.
The subject matter of the Closed Meeting scheduled for Thursday,
March 17, 2005, will be:
Formal orders of investigations;
Institution and settlement of injunctive actions; and
Institution and settlement of administrative proceedings of an
enforcement nature; and an
Opinion.
At times, changes in Commission priorities require alterations in
the scheduling of meeting items.
For further information and to ascertain what, if any, matters have
been added, deleted or postponed, please contact:
The Office of the Secretary at (202) 942-7070.
Dated: March 7, 2005.
Jonathan G. Katz,
Secretary.
[FR Doc. 05-4781 Filed 3-7-05; 4:04 pm]
BILLING CODE 8010-01-U
