Securities Exchange Act Of 1934; Order Regarding Alternative Net Capital Computation for Morgan Stanley & Co., Which Has Elected To Be Supervised on a Consolidated Basis, 44701 [E5-4118]
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Federal Register / Vol. 70, No. 148 / Wednesday, August 3, 2005 / Notices
Additional Information or Comments:
To request more information or to
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supporting material, please call the RRB
Clearance Officer at (312) 751–3363 or
send an e-mail request to
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Ronald.Hodapp@RRB.GOV. Written
comments should be received within 60
days of this notice.
of its positions, instead of the provisions
of paragraphs (c)(2)(vi) and (c)(2)(vii) of
Rule 15c3–1, and using the credit risk
standards of Appendix E to compute a
deduction for credit risk on certain
credit exposures arising from
transactions in derivatives instruments,
instead of the provision of paragraph
(c)(2)(iv) of Rule 15c3–1.
Charles Mierzwa,
Clearance Officer.
[FR Doc. 05–15308 Filed 8–2–05; 8:45 am]
SECURITIES AND EXCHANGE
COMMISSION
BILLING CODE 7905–01–P
SECURITIES AND EXCHANGE
COMMISSION
By the Commission.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. E5–4118 Filed 8–2–05; 8:45 am]
BILLING CODE 8010–01–P
Issuer Delisting; Notice of Application
of United Financial Mortgage Corp., To
Withdraw Its Common Stock, No Par
Value, From Listing and Registration
on the American Stock Exchange LLC
File No. 1–14127
July 27, 2005.
Securities Exchange Act Of 1934;
Order Regarding Alternative Net
Capital Computation for Morgan
Stanley & Co., Which Has Elected To
Be Supervised on a Consolidated
Basis
On July 6, 2005, United Financial
Mortgage Corp., an Illinois corporation
(‘‘Issuer’’), filed an application with the
Securities and Exchange Commission
(‘‘Commission’’), pursuant to Section
12(d) of the Securities Exchange Act of
1934 (‘‘Act’’) 1 and Rule 12d2–2(d)
thereunder,2 to withdraw its common
stock, no par value (‘‘Security’’), from
listing and registration on the American
Stock Exchange LLC (‘‘Amex’’).
On May 2, 2005, the Board of
Directors (‘‘Board’’) of the Issuer
approved resolutions to withdraw the
Security from listing and registration on
Amex and to list the Security on the
Nasdaq SmallCap Market (‘‘Nasdaq’’).
The Issuer stated that the Board believes
trading the Security on Nasdaq will
provide a variety of advantages over
Amex, including, but not limited to: (i)
Improved liquidity in the Security; (ii)
an increase in the Issuer’s visibility and
faster trade execution time; and (iii)
better execution quality for investors in
the Security. The Issuer stated that the
Board believes it is in the best interest
of the Issuer and its stockholders to
change the listing of the Security to
Nasdaq.
The Issuer stated that it has met the
requirements of Amex’s rules governing
an issuer’s voluntary withdrawal of a
security from listing and registration by
complying with all the applicable laws
in effect in Illinois, in which it is
incorporated. The Issuer’s application
relates solely to the withdrawal of the
Security from listing on Amex and from
VerDate jul<14>2003
15:22 Aug 02, 2005
Jkt 205001
registration under Section 12(b) of the
Act,3 and shall not affect its obligation
to be registered under Section 12(g) of
the Act.4
Any interested person may, on or
before August 22, 2005, comment on the
facts bearing upon whether the
application has been made in
accordance with the rules of Amex, and
what terms, if any, should be imposed
by the Commission for the protection of
investors. All comment letters may be
submitted by either of the following
methods:
Electronic Comments
[Release No. 52145/July 28, 2005]
Morgan Stanley & Co. (‘‘MS’’), a
broker-dealer registered with the
Securities and Exchange Commission
(‘‘Commission’’), and its ultimate
holding company, Morgan Stanley
(‘‘MSGroup’’), have indicated their
desire to be supervised by the
Commission as a consolidated
supervised entity (‘‘CSE’’). MS,
therefore, has submitted an application
to the Commission for authorization to
use the alternative method of computing
net capital contained in Appendix E to
Rule 15c3–1 (17 CFR 240.15c3–1e) to
the Securities Exchange Act of 1934
(‘‘Exchange Act’’).
Based on a review of the application
that MS submitted, the Commission has
determined that the application meets
the requirements of Appendix E. The
Commission also has determined that
MSGroup is in compliance with the
terms of its undertakings, as provided to
the Commission under Appendix E. The
Commission, therefore, finds that
approval of the application is necessary
or appropriate in the public interest or
for the protection of investors.
Accordingly,
It is ordered, under paragraph (a)(7) of
Rule 15c3–1 (17 CFR 240.15c3–1) to the
Exchange Act, that MS may calculate
net capital using the market risk
standards of Appendix E to compute a
deduction for market risk on some or all
44701
PO 00000
• Use the Commission’s Internet
comment form (https://www.sec.gov/
rules/delist.shtml); or
• Send an e-mail to rulecomments@sec.gov. Please include the
File Number 1–14127; or
Paper Comments
• Send paper comments in triplicate
to Jonathan G. Katz, Secretary,
Securities and Exchange Commission,
Station Place, 100 F Street, NE.,
Washington, DC 20549–9303.
All submissions should refer to File
Number 1–14127. This file number
should be included on the subject line
if e-mail is used. To help us process and
review your comments more efficiently,
please use only one method. The
Commission will post all comments on
the Commission’s Internet Web site
(https://www.sec.gov/rules/delist.shtml).
Comments are also available for public
inspection and copying in the
Commission’s Public Reference Room.
All comments received will be posted
without change; we do not edit personal
identifying information from
submissions. You should submit only
information that you wish to make
available publicly.
The Commission, based on the
information submitted to it, will issue
an order granting the application after
the date mentioned above, unless the
Commission determines to order a
hearing on the matter.
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.5
Jonathan G. Katz,
Secretary.
[FR Doc. E5–4116 Filed 8–2–05; 8:45 am]
BILLING CODE 8010–01–P
3 15
U.S.C. 781(b).
U.S.C. 781(g).
5 17 CFR 200.30–3(a)(1).
1 15
U.S.C. 78l(d).
2 17 CFR 240.12d2–2(d).
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[Federal Register Volume 70, Number 148 (Wednesday, August 3, 2005)]
[Notices]
[Page 44701]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-4118]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 52145/July 28, 2005]
Securities Exchange Act Of 1934; Order Regarding Alternative Net
Capital Computation for Morgan Stanley & Co., Which Has Elected To Be
Supervised on a Consolidated Basis
Morgan Stanley & Co. (``MS''), a broker-dealer registered with the
Securities and Exchange Commission (``Commission''), and its ultimate
holding company, Morgan Stanley (``MSGroup''), have indicated their
desire to be supervised by the Commission as a consolidated supervised
entity (``CSE''). MS, therefore, has submitted an application to the
Commission for authorization to use the alternative method of computing
net capital contained in Appendix E to Rule 15c3-1 (17 CFR 240.15c3-1e)
to the Securities Exchange Act of 1934 (``Exchange Act'').
Based on a review of the application that MS submitted, the
Commission has determined that the application meets the requirements
of Appendix E. The Commission also has determined that MSGroup is in
compliance with the terms of its undertakings, as provided to the
Commission under Appendix E. The Commission, therefore, finds that
approval of the application is necessary or appropriate in the public
interest or for the protection of investors.
Accordingly,
It is ordered, under paragraph (a)(7) of Rule 15c3-1 (17 CFR
240.15c3-1) to the Exchange Act, that MS may calculate net capital
using the market risk standards of Appendix E to compute a deduction
for market risk on some or all of its positions, instead of the
provisions of paragraphs (c)(2)(vi) and (c)(2)(vii) of Rule 15c3-1, and
using the credit risk standards of Appendix E to compute a deduction
for credit risk on certain credit exposures arising from transactions
in derivatives instruments, instead of the provision of paragraph
(c)(2)(iv) of Rule 15c3-1.
By the Commission.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. E5-4118 Filed 8-2-05; 8:45 am]
BILLING CODE 8010-01-P
