Notice of an Application of Peoples Financial Corporation Under Section 12(h) of the Securities Exchange Act of 1934, 13639-13640 [E6-3778]

Download as PDF Federal Register / Vol. 71, No. 51 / Thursday, March 16, 2006 / Notices All qualified candidates will receive careful consideration. Applications will be accepted on an ongoing basis. Dated: March 10, 2006. Andrew L. Bates, Advisory Committee Management Officer. [FR Doc. E6–3815 Filed 3–15–06; 8:45 am] BILLING CODE 7590–01–P SECURITIES AND EXCHANGE COMMISSION wwhite on PROD1PC61 with NOTICES Submission for OMB Review; Comment Request Upon written request, copies available from: Securities and Exchange Commission, Office of Filings and Information Services, Washington, DC 20549. Regulation AC; SEC File No. 270–517; OMB Control No. 3235–0575. 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’’) has submitted to the Office of Management and Budget a request for approval of the previously approved collection of information discussed below. • Regulation Analyst Certification (Regulation AC) Regulation Analyst Certification under the Securities Exchange Act of 1934 requires that any research report disseminated by broker, dealer, or person associated with a broker or dealer, include certifications by the research analyst that the views expressed in the research report accurately reflect the analyst’s personal views, and whether the analyst received compensation in connection with his or her specific recommendations or views. A research analyst would also be required to provide certifications and disclosures in connection with public appearances. Although research analysts are often viewed by investors as experts and as important sources of information about the securities and companies they cover, many factors can create pressure on their independence and objectivity. By requiring these certifications and disclosures, Regulation AC should promote the integrity of research reports and investor confidence in the recommendations contained in those reports. Commission estimates that Regulation AC would result in a total annual time burden of approximately 11,296 hours (10,950 hours to comply with research report requirements + 346 hours to comply with public appearance requirements). The collections of information under Regulation AC are necessary for covered VerDate Aug<31>2005 15:48 Mar 15, 2006 Jkt 208001 persons to obtain certain benefits or to comply with certain requirements. The collections of information are necessary to provide investors with information with which to determine the value of the research available to them. The Commission may review this information during periodic examinations or with respect to investigations. Covered persons must also promptly provide copies of statements that the analyst is unable to provide the certifications in connection with public appearances to its examining authority, designated pursuant to Section 17(d) of the Securities Exchange Act of 1934 and Rule 17d–2 thereunder. Further, brokerdealers must keep and maintain these records pursuant to Rule 17a–4(b)(4). An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the agency displays a valid OMB control number. Written comments regarding the above information should be directed to the following persons: (i) Desk Officer for the Securities and Exchange Commission, Office of Information and Regulatory Affairs, Office of Management and Budget, Room 10102, New Executive Office Building, Washington, DC 20503 or by sending an e-mail to David_Rostker@omb.eop.gov; and (ii) R. Corey Booth, Director/Chief Information Officer, Office of Information Technology, Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549. Comments must be submitted to OMB within 30 days of this notice. March 8, 2006. Nancy M. Morris, Secretary. [FR Doc. E6–3805 Filed 3–15–06; 8:45 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–53467; File No. 81–935] Notice of an Application of Peoples Financial Corporation Under Section 12(h) of the Securities Exchange Act of 1934 March 10, 2006. The Securities and Exchange Commission gives notice that Peoples Financial Corporation has filed an application under Section 12(h) of the Securities Exchange Act of 1934, as amended, for certain relief. Peoples states that its principal executive offices are located in Biloxi, Mississippi, which is within one of the Presidentially PO 00000 Frm 00074 Fmt 4703 Sfmt 4703 13639 Declared Disaster Areas where Individual Assistance has been authorized by the Federal Emergency Management Agency as a result of Hurricane Katrina, and that its sixteen branch facilities are also located in the Disaster Areas. In its application, Peoples asserts that the relief is necessary due to, among other things, the extraordinary impact of Hurricane Katrina on Peoples’s facilities, personnel, customers, and independent public accountant. For example, the application indicates that: (1) Peoples, which is a bank holding company, lost six of the sixteen branch locations of its bank subsidiary, The Peoples Bank; (2) more than twenty percent of its employees lost their homes, another twenty-five percent had serious damage to their homes and several of Peoples’s branches served as temporary housing for employees; and (3) company personnel have had to focus on on-going post-Katrina recovery issues such as evaluation of the loan portfolio and recovery and decontamination of items from vaults and safe deposit boxes. Further, the application states that: (1) The Biloxi, Mississippi office of Peoples’s independent public accountants, which housed all of their hard copy records and computer files, was destroyed and more than twentyfive percent of their professional and support staff have relocated out of the area; and (2) Peoples was the only client of its independent public accountants that is subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act. Accordingly, Peoples asks the Commission to order that Peoples be required to first include the disclosures specified in paragraphs (a) and (b) of Item 308 of Regulation S–K and first comply with Exchange Act Rule 13a–15(c) for the fiscal year ended December 31, 2006. For a detailed statement of the information presented, all persons are referred to Peoples’s application, which is on file in the Commission’s Public Reference Room, Station Place, 100 F Street, NE., Washington, DC 20549. The Commission also gives notice that any interested person may, not later than March 30, 2006, submit to the Commission in writing its views on any substantial facts bearing on the application or the desirability of a hearing thereon. Any such communication or a request that the Commission hold a hearing on this matter may be submitted by any of the following methods: E:\FR\FM\16MRN1.SGM 16MRN1 13640 Federal Register / Vol. 71, No. 51 / Thursday, March 16, 2006 / Notices Electronic Communications • Use the Commission’s Internet comment form (http://www.sec.gov/ rules/other.shtml); or • Send an e-mail to rulecomments@sec.gov. Please include File Number 81–935 on the subject line. Paper Communications wwhite on PROD1PC61 with NOTICES • Send paper comments in triplicate to Nancy M. Morris, Secretary, Securities and Exchange Commission, Station Place, 100 F Street, NE., Washington, DC 20549–1090. All submissions should refer to File Number 81–935. This file number should be included on the subject line if e-mail is used. To help the Commission process and review your communications more efficiently, please use only one method. The Commission will post all communications on the Commission’s Internet Web site (http:// www.sec.gov/rules/other.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the application filed with the Commission, and all written communications relating to the application between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for inspection and copying in the Commission’s Public Reference Room. All communications received will be posted without change; the Commission does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. All submissions should be submitted on or before March 30, 2006. Persons who request a hearing or advice as to whether a hearing is ordered will receive any notices and orders issued in this matter, including the date of the hearing (if ordered) and any postponements thereof. At any time after said date, the Commission may issue an order granting the application upon request or upon the Commission’s own motion. For the Commission, by the Division of Corporation Finance, pursuant to delegated authority. Nancy M. Morris, Secretary. [FR Doc. E6–3778 Filed 3–15–06; 8:45 am] BILLING CODE 8010–01–P VerDate Aug<31>2005 15:48 Mar 15, 2006 Jkt 208001 SECURITIES AND EXCHANGE COMMISSION Roundtable Series on Giving Investors and Analysts Better Financial Data Via Internet Washington, DC, March 9, 2006—The Securities and Exchange Commission announced today a series of roundtables to be held throughout 2006 at its headquarters in Washington, DC, focused on speeding the implementation of new Internet tools that will help provide investors and analysts with better financial information about companies and funds. The roundtables will review the experiences from the first year of a pilot program to use so-called interactive data for company filings with the SEC. Interactive data permits Internet users to search for and use individual items of information from financial reports, such as net income, executive compensation, or mutual fund expenses. Today, even computer-based financial information is generally presented in the form of entire pages of data that can’t easily be separated. Approximately a dozen companies participated in the voluntary program in its initial year. The roundtables will also use the lessons learned from the pilot program in order to develop new ways to get analysts and investors significantly better information. Topics will include what investors and analysts are looking for in the new world of interactive data; how to accelerate the use of new software that permits the dissemination of interactive financial data; and how to best design the SEC’s requirements for company disclosures to take maximum advantage of the potential of interactive data. Representatives from investors, issuers, auditors, analysts, technology professionals, regulators, and others will be invited to the roundtable discussions. The first roundtable in the series will be held on Monday, June 12, from 10 a.m.–noon, and will focus on how best to serve the needs of analysts and investors with interactive data. Subsequent roundtable discussions will be held later in the summer and fall. ‘‘It is now within our reach to get dramatically more useful information in the hands of investors,’’ said SEC Chairman Christopher Cox. ‘‘We look forward to these discussions on implementing interactive data initiatives that can benefit investors as quickly as possible, and we welcome the opportunity to learn from investors and other users of financial information how the SEC can improve our own disclosure program.’’ PO 00000 Frm 00075 Fmt 4703 Sfmt 4703 The Commission also announced that it is seeking written feedback from investors, registrants, auditors and others on their experiences with interactive data and XBRL The Commission welcomes feedback on any aspect of the use of interactive data. The information that is submitted will become part of the public record of the interactive data roundtables. Members of the public are encouraged to provide feedback throughout the year as the roundtable topics and dates are announced. Submissions to the Commission may be provided by any of the following methods: Electronic Submissions • Use the Commission’s Internet submission form at http://www.sec.gov/ news/press.shtml; or • Send an e-mail to rulecomments@sec.gov. Please include File Number 4–515 on the subject line. Paper Submissions • Send paper submissions 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 4–515. This file number should be included on the subject line if e-mail is used. To help process and review your submissions more efficiently, please use only one method. The Commission will post all submissions on the Commission’s Internet Web site at (http://www.sec.gov/news/press/4– 515.shtml). Please note that all submissions received will be posted without change; the SEC does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. Nancy M. Morris, Secretary. [FR Doc. E6–3779 Filed 3–15–06; 8:45 am] BILLING CODE 8010–01–P E:\FR\FM\16MRN1.SGM 16MRN1

Agencies

[Federal Register Volume 71, Number 51 (Thursday, March 16, 2006)]
[Notices]
[Pages 13639-13640]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-3778]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-53467; File No. 81-935]


Notice of an Application of Peoples Financial Corporation Under 
Section 12(h) of the Securities Exchange Act of 1934

March 10, 2006.
    The Securities and Exchange Commission gives notice that Peoples 
Financial Corporation has filed an application under Section 12(h) of 
the Securities Exchange Act of 1934, as amended, for certain relief. 
Peoples states that its principal executive offices are located in 
Biloxi, Mississippi, which is within one of the Presidentially Declared 
Disaster Areas where Individual Assistance has been authorized by the 
Federal Emergency Management Agency as a result of Hurricane Katrina, 
and that its sixteen branch facilities are also located in the Disaster 
Areas. In its application, Peoples asserts that the relief is necessary 
due to, among other things, the extraordinary impact of Hurricane 
Katrina on Peoples's facilities, personnel, customers, and independent 
public accountant. For example, the application indicates that: (1) 
Peoples, which is a bank holding company, lost six of the sixteen 
branch locations of its bank subsidiary, The Peoples Bank; (2) more 
than twenty percent of its employees lost their homes, another twenty-
five percent had serious damage to their homes and several of Peoples's 
branches served as temporary housing for employees; and (3) company 
personnel have had to focus on on-going post-Katrina recovery issues 
such as evaluation of the loan portfolio and recovery and 
decontamination of items from vaults and safe deposit boxes. Further, 
the application states that: (1) The Biloxi, Mississippi office of 
Peoples's independent public accountants, which housed all of their 
hard copy records and computer files, was destroyed and more than 
twenty-five percent of their professional and support staff have 
relocated out of the area; and (2) Peoples was the only client of its 
independent public accountants that is subject to the reporting 
requirements of Section 13 or 15(d) of the Exchange Act. Accordingly, 
Peoples asks the Commission to order that Peoples be required to first 
include the disclosures specified in paragraphs (a) and (b) of Item 308 
of Regulation S-K and first comply with Exchange Act Rule 13a-15(c) for 
the fiscal year ended December 31, 2006.
    For a detailed statement of the information presented, all persons 
are referred to Peoples's application, which is on file in the 
Commission's Public Reference Room, Station Place, 100 F Street, NE., 
Washington, DC 20549.
    The Commission also gives notice that any interested person may, 
not later than March 30, 2006, submit to the Commission in writing its 
views on any substantial facts bearing on the application or the 
desirability of a hearing thereon.
    Any such communication or a request that the Commission hold a 
hearing on this matter may be submitted by any of the following 
methods:

[[Page 13640]]

Electronic Communications

     Use the Commission's Internet comment form (http://
www.sec.gov/rules/other.shtml); or
     Send an e-mail to rule-comments@sec.gov. Please include 
File Number 81-935 on the subject line.

Paper Communications

     Send paper comments in triplicate to Nancy M. Morris, 
Secretary, Securities and Exchange Commission, Station Place, 100 F 
Street, NE., Washington, DC 20549-1090.
    All submissions should refer to File Number 81-935. This file 
number should be included on the subject line if e-mail is used. To 
help the Commission process and review your communications more 
efficiently, please use only one method. The Commission will post all 
communications on the Commission's Internet Web site (http://
www.sec.gov/rules/other.shtml). Copies of the submission, all 
subsequent amendments, all written statements with respect to the 
application filed with the Commission, and all written communications 
relating to the application between the Commission and any person, 
other than those that may be withheld from the public in accordance 
with the provisions of 5 U.S.C. 552, will be available for inspection 
and copying in the Commission's Public Reference Room. All 
communications received will be posted without change; the Commission 
does not edit personal identifying information from submissions. You 
should submit only information that you wish to make available 
publicly. All submissions should be submitted on or before March 30, 
2006.
    Persons who request a hearing or advice as to whether a hearing is 
ordered will receive any notices and orders issued in this matter, 
including the date of the hearing (if ordered) and any postponements 
thereof. At any time after said date, the Commission may issue an order 
granting the application upon request or upon the Commission's own 
motion.

    For the Commission, by the Division of Corporation Finance, 
pursuant to delegated authority.
Nancy M. Morris,
Secretary.
 [FR Doc. E6-3778 Filed 3-15-06; 8:45 am]
BILLING CODE 8010-01-P