In the Matter of Cameron International, Inc.; Order of Suspension of Trading, 68118 [05-22450]
Download as PDF
<![CDATA[
68118
Federal Register / Vol. 70, No. 216 / Wednesday, November 9, 2005 / Notices
modified by the order to permit
Aggregate Fee Disclosure.
4. FRIMCo will not enter into a
Portfolio Management Agreement with
any Affiliated Money Manager without
that agreement, including the
compensation to be paid thereunder,
being approved by Fund shareholders.
5. The Board of each Fund will satisfy
the fund governance standards as
defined in rule 0–1(a)(7) under the Act
by the compliance date for the rule
(‘‘Compliance Date’’). Prior to the
Compliance Date, a majority of the
Board will be Independent Directors,
and the nomination of new or additional
Independent Directors will be at the
discretion of the then existing
Independent Directors.
6. When a Money Manager change is
proposed for a Fund with an Affiliated
Money Manager, the Board, including a
majority of the Independent Directors,
will make a separate finding, reflected
in the applicable Board minutes, that
such change is in the best interests of
the Fund and its shareholders and does
not involve a conflict of interest from
which FRIMCo or the Affiliated Money
Manager derives an inappropriate
advantage.
7. Independent legal counsel, as
defined in rule 0–1(a)(6) under the Act,
will be engaged to represent the
Independent Directors. The selection of
such counsel will be within the
discretion of the then existing
Independent Directors.
8. FRIMCo will provide the Board, no
less frequently than quarterly, with
information about the profitability of
FRIMCo on a per-Fund basis. The
information will reflect the impact on
profitability of the hiring or termination
of any Money Manager during the
applicable quarter.
9. Whenever a Money Manager is
hired or terminated, FRIMCo will
provide the Board with information
showing the expected impact on the
profitability of FRIMCo.
10. FRIMCo will provide general
investment management services to
each Fund, including overall
supervisory responsibility for the
general management and investment of
the Fund’s assets, and, subject to review
and approval of the Board, will: (i) Set
each Fund’s overall investment
strategies, (ii) evaluate, select and
recommend Money Managers to manage
all or a part of a Fund’s assets, (iii) when
appropriate, allocate and reallocate a
Fund’s assets among multiple Money
Managers, (iv) monitor and evaluate the
performance of Money Managers, and
(v) implement procedures reasonably
designed to ensure that the Money
Managers comply with each Fund’s
VerDate jul<14>2003
16:18 Nov 08, 2005
Jkt 208001
investment objective, policies and
restrictions.
11. No director or officer of a Fund,
or director or officer of FRIMCo, will
own directly or indirectly (other than
through a pooled investment vehicle
that is not controlled by such person)
any interest in a Money Manager, except
for (a) ownership of interests in FRIMCo
or any entity that controls, is controlled
by, or is under common control with
FRIMCo, or (b) ownership of less than
1% of the outstanding securities of any
class of equity or debt of a publicly
traded company that is either a Money
Manager or an entity that controls, is
controlled by or is under common
control with a Money Manager.
12. Each Fund will disclose in its
registration statement the Aggregate Fee
Disclosure.
13. The requested order will expire on
the effective date of rule 15a–5 under
the Act, if adopted.
For the Commission, by the Division of
Investment Management, under delegated
authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 05–22332 Filed 11–8–05; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[File No. 500–1]
In the Matter of Cameron International,
Inc.; Order of Suspension of Trading
November 7, 2005.
It appears to the Securities and
Exchange Commission that there is a
lack of current and accurate information
concerning a recent tender offer or other
possible change in ownership of
Cameron International, Inc.
(‘‘Cameron’’), quoted on the Over the
Counter Bulletin Board under the ticker
symbol CMRN. Also, questions have
arisen regarding a recent increase in the
share price from $.05 to $90 during a
period when no material information
about the company was made public.
The Commission is of the opinion that
the public interest and the protection of
investors require a suspension of trading
in the securities of the above listed
company.
Therefore, it is ordered, pursuant to
Section 12(k) of the Securities Exchange
Act of 1934, that trading in the abovelisted company is suspended for the
period from 9:30 a.m. e.s.t. November 7,
2005, through 11:59 p.m. e.s.t., on
November 21, 2005.
PO 00000
Frm 00133
Fmt 4703
Sfmt 4703
By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 05–22450 Filed 11–7–05; 11:57 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–52724; File No. SR–CHX–
2005–26]
Self-Regulatory Organizations;
Chicago Stock Exchange, Inc.; Notice
of Filing and Immediate Effectiveness
of Proposed Rule Change To Permit
Execution of Mixed Lot Cross and
Cross With Size Orders in the
Electronic Book
November 2, 2005.
Pursuant to section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’) 1 and Rule 19b–4 thereunder,2
notice is hereby given that on October
11, 2005, the Chicago Stock Exchange,
Incorporated (‘‘CHX’’ 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 prepared by the Exchange. The
Exchange has designated the proposed
rule change as constituting a ‘‘noncontroversial’’ rule change pursuant to
section 19(b)(3)(A)(iii) of the Act,3 and
Rule 19b–4(f)(6) thereunder,4 which
renders the proposal effective upon
filing with the Commission.5 The
Commission is publishing this notice to
solicit comments on the proposed rule
change from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The CHX proposes to amend CHX
Article XXA, Rule 2, to permit the
execution of mixed lot cross and cross
with size orders in the electronic book.
The text of the proposed rule change is
set forth below. Proposed new language
is italicized; proposed deletions are in
[brackets].
*
*
*
*
*
ARTICLE XXA
Operation of the Electronic Book
*
*
*
*
*
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A)(iii).
4 17 CFR 240.19b–4(f)(6).
5 The Exchange has requested that the
Commission waive the 30-day operative delay, as
specified in Rule 19b–4(f)(6)(iii). 17 CFR 240.19b–
4(f)(6)(iii).
2 17
E:\FR\FM\09NON1.SGM
pfrm13
PsN: 09NON1
]]>Agencies
[Federal Register Volume 70, Number 216 (Wednesday, November 9, 2005)]
[Notices]
[Page 68118]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-22450]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[File No. 500-1]
In the Matter of Cameron International, Inc.; Order of Suspension
of Trading
November 7, 2005.
It appears to the Securities and Exchange Commission that there is
a lack of current and accurate information concerning a recent tender
offer or other possible change in ownership of Cameron International,
Inc. (``Cameron''), quoted on the Over the Counter Bulletin Board under
the ticker symbol CMRN. Also, questions have arisen regarding a recent
increase in the share price from $.05 to $90 during a period when no
material information about the company was made public.
The Commission is of the opinion that the public interest and the
protection of investors require a suspension of trading in the
securities of the above listed company.
Therefore, it is ordered, pursuant to Section 12(k) of the
Securities Exchange Act of 1934, that trading in the above-listed
company is suspended for the period from 9:30 a.m. e.s.t. November 7,
2005, through 11:59 p.m. e.s.t., on November 21, 2005.
By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 05-22450 Filed 11-7-05; 11:57 am]
BILLING CODE 8010-01-P
