In the Matter of China Energy Savings Technology, Inc.; Order of Suspension of Trading, 57009 [06-8365]

Download as PDF Federal Register / Vol. 71, No. 188 / Thursday, September 28, 2006 / Notices transaction which is the subject of the exemption. Ivan Strasfeld, Director of Exemption Determinations, Employee Benefits Security Administration, U.S. Department of Labor. [FR Doc. E6–15922 Filed 9–27–06; 8:45 am] BILLING CODE 4510–29–P NUCLEAR REGULATORY COMMISSION [Docket No. 70–7004–ML; ASLBP No. 05– 838–01–ML] USEC, Inc. (American Centrifuge Plant); Notice of Reconstitution Pursuant to 10 CFR 2.321, the Atomic Safety and Licensing Board in the above captioned USEC, Inc. proceeding, is hereby reconstituted by appointing Administrative Judge Peter S. Lam in place of Administrative Judge Paul B. Abramson. In accordance with 10 CFR 2.302, henceforth all correspondence, documents, and other material relating to any matter in this proceeding over which this Licensing Board has jurisdiction should be served on Administrative Judge Lam as follows: Administrative Judge Peter S. Lam, Atomic Safety and Licensing Board Panel, U.S. Nuclear Regulatory Commission, Washington, DC 20555– 0001. Issued at Rockville, Maryland this 22nd day of September 2006. E. Roy Hawkens, Chief Administrative Judge, Atomic Safety and Licensing Board Panel. [FR Doc. E6–15921 Filed 9–27–06; 8:45 am] BILLING CODE 7590–01–P press releases and public filings with the Commission concerning, among other things: (i) The company’s purported ownership and control of its sole asset, Shenzhen Dicken Industrial Development, a manufacturer of energy saving devices located and doing business in the People’s Republic of China; and (ii) the existence and/or identity of the company’s purported former Chairman and Chief Executive Officer, Mr. Sun Li. 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. edt, September 26, 2006, through 11:59 p.m. edt, on October 10, 2006. By the Commission. Jill M. Peterson, Assistant Secretary. [FR Doc. 06–8365 Filed 9–26–06; 11:44 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–54486; File No. SR–Amex– 2006–79] Self-Regulatory Organizations; American Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating To the Amendment to the Payment for Order Flow Plan To Include Supplemental Registered Options Traders September 22, 2006. SECURITIES AND EXCHANGE COMMISSION [File No. 500–1] In the Matter of China Energy Savings Technology, Inc.; Order of Suspension of Trading sroberts on PROD1PC70 with NOTICES September 26, 2006. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of China Energy Savings Technology, Inc. (‘‘China Energy’’), a Nevada corporation headquartered in Hong Kong, which trades in the over-the-counter market under the symbol ‘‘CESV’’. Questions have arisen regarding the accuracy and completeness of information contained in China Energy’s VerDate Aug<31>2005 20:16 Sep 27, 2006 Jkt 208001 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 August 18, 2006, the American Stock Exchange LLC (‘‘Amex’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change as described in Items I, II, and III below, which Items have been prepared by the Exchange. The Amex has designated this proposal as one establishing or changing a due, fee, or other charge imposed by the Amex under section 19(b)(3)(A)(ii) of the Act 3 and Rule 19b–4(f)(2) thereunder,4 which renders the proposal 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 15 U.S.C. 78s(b)(3)(A)(ii). 4 17 CFR 240.19b–4(f)(2). 2 17 PO 00000 Frm 00061 Fmt 4703 Sfmt 4703 57009 effective upon filing with the Commission. 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 Amex proposes to amend the its current options fee schedule and Payment for Order Flow Plan to allow Supplemental Registered Options Traders (‘‘SROTs’’) to negotiate a payment for order flow arrangement with any affiliated order flow provider (‘‘OFP’’) from which they receive the guaranteed SROT allocation.5 The text of the proposed rule change is available on the Amex’s Web site at http://www.amex.com, at the principal office of the Exchange, and at the Commission’s Public Reference Room. II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change, and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Amex has prepared summaries, set forth in Sections A, B, and C below, of the most significant aspects of such statements. A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The Amex proposes to amend the its current options fee schedule and Payment for Order Flow Plan to allow SROTs to negotiate a payment for order flow arrangement with any affiliated OFP from which they receive the guaranteed SROT allocation.6 The Exchange states that it adopted its current Payment for Order Flow Plan in February of 2006.7 The Amex states that under the current plan, the Exchange charges an equity options marketing fee of $0.75 per contract solely with respect to customer orders that are from 5 Telephone conference between Michou H.M. Nguyen, Special Counsel, Division of Market Regulation, Commission, and Nyieri Nazarian, Assistant General Counsel, Exchange, on September 18, 2006. See also Amex Rule 935–ANTE(a)(7). 6 Id. 7 See Securities Exchange Act Release No. 53341 (February 21, 2006), 71 FR 10085 (February 28, 2006) (SR–Amex–2006–15). E:\FR\FM\28SEN1.SGM 28SEN1

Agencies

[Federal Register Volume 71, Number 188 (Thursday, September 28, 2006)]
[Notices]
[Page 57009]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-8365]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


In the Matter of China Energy Savings Technology, Inc.; Order of 
Suspension of Trading

September 26, 2006.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
China Energy Savings Technology, Inc. (``China Energy''), a Nevada 
corporation headquartered in Hong Kong, which trades in the over-the-
counter market under the symbol ``CESV''.
    Questions have arisen regarding the accuracy and completeness of 
information contained in China Energy's press releases and public 
filings with the Commission concerning, among other things: (i) The 
company's purported ownership and control of its sole asset, Shenzhen 
Dicken Industrial Development, a manufacturer of energy saving devices 
located and doing business in the People's Republic of China; and (ii) 
the existence and/or identity of the company's purported former 
Chairman and Chief Executive Officer, Mr. Sun Li.
    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. edt, September 26, 
2006, through 11:59 p.m. edt, on October 10, 2006.

    By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 06-8365 Filed 9-26-06; 11:44 am]
BILLING CODE 8010-01-P