Issuer Delisting; Notice of Application of Community Capital Corporation To Withdraw Its Common Stock, $1.00 Par Value, From Listing and Registration on the American Stock Exchange LLC, 7081-7082 [E6-1845]
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Federal Register / Vol. 71, No. 28 / Friday, February 10, 2006 / Notices
Extension:
Rule 9b–1; SEC File No. 270–429; OMB
Control No. 3235–0480.
rmajette on PROD1PC67 with NOTICES1
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.) the Securities
and Exchange Commission
(‘‘Commission’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
Options Disclosure Document
Rule 9b–1 under the Securities
Exchange Act of 1934 (17 CFR 240.9b–
1) sets forth the categories of
information required to be disclosed in
an options disclosure document
(‘‘ODD’’) and requires the options
markets to file an ODD with the
Commission 60 days prior to the date it
is distributed to investors. In addition,
Rule 9b–1 provides that the ODD must
be amended if the information in the
document becomes materially
inaccurate or incomplete and that
amendments must be filed with the
Commission 30 days prior to the
distribution to customers. Finally, Rule
9b–1 requires a broker-dealer to furnish
to each customer an ODD and any
amendments, prior to accepting an order
to purchase or sell an option on behalf
of that customer.
There are 6 options markets that must
comply with Rule 9b–1. These 6
respondents work together to prepare a
single ODD covering options traded on
each market, as well as amendments to
the ODD. These respondents file no
more than one amendment per year,
which requires approximately 8 hours
per year for each respondent. Thus, the
total compliance burden for options
markets per year is 48 hours. The
approximate cost per hour is $100,
resulting in a total cost of compliance
for these respondents of $4,800 per year
(48 hours @ $100).
In addition, approximately 2,000
broker-dealers must comply with Rule
9b–1. Each of these respondents will
process an average of three new
customers for options each week and,
therefore, will have to furnish
approximately 156 ODDs per year. The
postal mailing or electronic delivery of
the ODD takes respondents no more
than 30 seconds to complete for an
annual compliance burden for each of
these respondents of 78 minutes, or 1.3
hours. Thus, the total compliance
burden per year is 2,600 hours (2,000
broker-dealers × 1.3 hours). The
approximate cost per hour to these
respondents is $10 per hour, resulting in
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15:10 Feb 09, 2006
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a total cost of compliance for these
respondents of $26,000 per year (2,600
hours @ $10).
The total compliance burden for all
respondents under this rule (both
options markets and broker-dealers) is
2648 hours per year (48 + 2,600), and
total compliance costs of $30,800
($4,800 + $26,000).
Written comments are invited on: (a)
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information will have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information collected; and (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology. Consideration will be given
to comments and suggestions submitted
in writing within 60 days of this
publication.
Please direct your written comments
to R. Corey Booth, Director/Chief
Information Officer, Office of
Information Technology, Securities and
Exchange Commission, 100 F Street,
NE., Washington, DC 20549.
February 1, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6–1834 Filed 2–9–06; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[File No. 1–18460]
Issuer Delisting; Notice of Application
of Community Capital Corporation To
Withdraw Its Common Stock, $1.00 Par
Value, From Listing and Registration
on the American Stock Exchange LLC
February 2, 2006.
On January 19, 2006, Community
Capital Corporation, a South Carolina
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, $1.00 par value (‘‘Security’’), from
listing and registration on the American
Stock Exchange LLC (‘‘Amex’’).
On January 18, 2006, the Board of
Directors (‘‘Board’’) of the Issuer
1 15
2 17
PO 00000
Frm 00080
Fmt 4703
unanimously approved resolutions to
withdraw the Security from listing and
registration on Amex and to list the
Security on the Nasdaq National Market
(‘‘Nasdaq’’). The Issuer stated that the
following reasons factored into the
Board’s decision: (i) The Board believes
that listing the Security on Nasdaq will
provide visibility for the Security,
improve liquidity in the Security, and
provide better execution quality for
investors; and (ii) the Board believes
that more of the Issuer’s peer financial
institutions are listed on Nasdaq than
listed on Amex.
The Issuer stated in its application
that it has met the requirements of
Amex Rule 18 by complying with all
applicable laws in effect in the State of
South Carolina, in which it is
incorporated, and provided written
notice of withdrawal to Amex.
The Issuer’s application relates solely
to withdrawal of the Security from
listing on Amex and from 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 February 28, 2006, 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
• 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 1–18460 or;
Paper Comments
• Send paper comments in triplicate
to Nancy M. Morris, Secretary,
Securities and Exchange Commission,
100 F Street, NE., Washington, DC
20549–1090.
All submissions should refer to File
Number 1–18460. 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.
3 15
U.S.C. 78l(d).
CFR 240.12d2–2(d).
4 15
Sfmt 4703
7081
E:\FR\FM\10FEN1.SGM
U.S.C. 78l(b).
U.S.C. 78l(g).
10FEN1
7082
Federal Register / Vol. 71, No. 28 / Friday, February 10, 2006 / Notices
SECURITIES AND EXCHANGE
COMMISSION
The Issuer stated in its application
that it has complied with applicable
rules of PCX by providing PCX with the
required documents governing the
withdrawal of securities from listing
and registration on PCX. The Issuer’s
application relates solely to the
withdrawal of the Security from listing
on PCX, and shall not affect its
continued listing on NYSE or its
obligation to be registered under section
12(b) of the Act.3
Any interested person may, on or
before February 28, 2006, comment on
the facts bearing upon whether the
application has been made in
accordance with the rules of PCX, 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:
[File No. 1–06351]
Electronic Comments
Issuer Delisting; Notice of Application
of Eli Lilly and Company To Withdraw
Its Common Stock, No Par Value, From
Listing and Registration on the Pacific
Exchange, Inc.
• 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 1–06351 or;
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
Nancy M. Morris,
Secretary.
[FR Doc. E6–1845 Filed 2–9–06; 8:45 am]
BILLING CODE 8010–01–P
rmajette on PROD1PC67 with NOTICES1
February 2, 2006.
On December 23, 2005, Eli Lilly and
Company, an Indiana 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 Pacific
Exchange, Inc. (‘‘PCX’’).
On June 24, 2005, the Board of
Directors (‘‘Board’’) of the Issuer
adopted resolutions to withdraw the
Security from listing and registration on
PCX. The Issuer stated that it
determined to withdraw the Security
from PCX for the followings reasons: (i)
The Issuer maintains its primary listing
on the New York Stock Exchange, Inc.
(‘‘NYSE’’) as well as its secondary
listings on the London Stock Exchange
and the SWX Swiss Stock Exchange; (ii)
the Security is widely traded on several
electronic exchanges; (iii) in light of the
strong liquidity and visibility of the
trading market for the Security on NYSE
and other exchanges, the additional
expenses and administrative burden of
maintaining a secondary listing on PCX
outweigh the benefits of maintaining the
listing on PCX.
CFR 200.30–3(a)(1).
U.S.C. 78l(d).
2 17 CFR 240.12d2–2(d).
Paper Comments
• Send paper comments in triplicate
to Nancy M. Morris, Secretary,
Securities and Exchange Commission,
100 F Street, NE., Washington, DC
20549–1090.
All submissions should refer to File
Number 1–06351. 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.
5 17
1 15
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15:10 Feb 09, 2006
3 15
Jkt 208001
PO 00000
U.S.C. 78l(b).
Frm 00081
Fmt 4703
Sfmt 4703
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.4
Nancy M. Morris,
Secretary.
[FR Doc. E6–1844 Filed 2–9–06; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–53227; File No. PCAOB–
2005–01]
Public Company Accounting Oversight
Board; Order Approving Proposed
Auditing Standard No. 4, Reporting on
Whether a Previously Reported
Material Weakness Continues to Exist
February 6, 2006.
I. Introduction
On July 28, 2005, the Public Company
Accounting Oversight Board (the
‘‘Board’’ or the ‘‘PCAOB’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) proposed Auditing
Standard No. 4, Reporting on Whether a
Previously Reported Material Weakness
Continues to Exist, pursuant to the
Sarbanes-Oxley Act of 2002 (the
‘‘Act’’) 1 and Section 19(b) of the
Securities Exchange Act of 1934 (the
‘‘Exchange Act’’).2 Auditing Standard
No. 4 establishes requirements that
apply when an auditor is engaged to
report on whether a previously reported
material weakness in internal control
over financial reporting continues to
exist.3 Also, in connection with
proposed Auditing Standard No. 4, the
Board adopted a proposed conforming
amendment to AT sec. 101, which
encompasses agreed-upon procedures
engagements in which an auditor
reports findings based on specific
procedures performed on a subject
matter. AT sec. 101, Attest
Engagements, is one of the interim
attestation standards adopted by the
PCAOB in April 2003.4 Notice of
proposed Auditing Standard No. 4 and
proposed amendment to AT sec. 101
(collectively referred to as the
‘‘Proposed Standard’’) was published in
4 17
CFR 200.30–3(a)(1).
U.S.C. 7202 et seq.
2 15 U.S.C. 78s(b).
3 A previously reported material weakness, in the
context of the proposed auditing standard, means
a material weakness that was described previously
in an auditor’s report issued pursuant to PCAOB
Auditing Standard No. 2, An Audit of Internal
Control Over Financial Reporting Performed in
Conjunction with an Audit of Financial Statements.
4 The Commission approved the PCAOB’s
adoption of the interim standards in Release No.
34–47745, Order Regarding Section 103(a)(3)(B) of
the Sarbanes-Oxley Act of 2002 (April 25, 2003).
1 15
E:\FR\FM\10FEN1.SGM
10FEN1
]]>Agencies
[Federal Register Volume 71, Number 28 (Friday, February 10, 2006)]
[Notices]
[Pages 7081-7082]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-1845]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[File No. 1-18460]
Issuer Delisting; Notice of Application of Community Capital
Corporation To Withdraw Its Common Stock, $1.00 Par Value, From Listing
and Registration on the American Stock Exchange LLC
February 2, 2006.
On January 19, 2006, Community Capital Corporation, a South
Carolina 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, $1.00 par
value (``Security''), from listing and registration on the American
Stock Exchange LLC (``Amex'').
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78l(d).
\2\ 17 CFR 240.12d2-2(d).
---------------------------------------------------------------------------
On January 18, 2006, the Board of Directors (``Board'') of the
Issuer unanimously approved resolutions to withdraw the Security from
listing and registration on Amex and to list the Security on the Nasdaq
National Market (``Nasdaq''). The Issuer stated that the following
reasons factored into the Board's decision: (i) The Board believes that
listing the Security on Nasdaq will provide visibility for the
Security, improve liquidity in the Security, and provide better
execution quality for investors; and (ii) the Board believes that more
of the Issuer's peer financial institutions are listed on Nasdaq than
listed on Amex.
The Issuer stated in its application that it has met the
requirements of Amex Rule 18 by complying with all applicable laws in
effect in the State of South Carolina, in which it is incorporated, and
provided written notice of withdrawal to Amex.
The Issuer's application relates solely to withdrawal of the
Security from listing on Amex and from 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\
---------------------------------------------------------------------------
\3\ 15 U.S.C. 78l(b).
\4\ 15 U.S.C. 78l(g).
---------------------------------------------------------------------------
Any interested person may, on or before February 28, 2006, 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
Use the Commission's Internet comment form (https://
www.sec.gov/rules/delist.shtml); or
Send an e-mail to rule-comments@sec.gov. Please include
the File Number 1-18460 or;
Paper Comments
Send paper comments in triplicate to Nancy M. Morris,
Secretary, Securities and Exchange Commission, 100 F Street, NE.,
Washington, DC 20549-1090.
All submissions should refer to File Number 1-18460. 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.
[[Page 7082]]
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\
---------------------------------------------------------------------------
\5\ 17 CFR 200.30-3(a)(1).
---------------------------------------------------------------------------
Nancy M. Morris,
Secretary.
[FR Doc. E6-1845 Filed 2-9-06; 8:45 am]
BILLING CODE 8010-01-P
