Roundtable on International Financial Reporting Standards “Roadmap”, 9599 [E7-3645]
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Federal Register / Vol. 72, No. 41 / Friday, March 2, 2007 / Notices
registration statement or by any other
means, unless applicants have requested
and received with respect to such new
series, either exemptive relief from the
Commission or a no-action position
from the Division of Investment
Management of the Commission.
2. The Trust’s prospectus and the
Product Description clearly disclose
that, for purposes of the Act, Nasdaq100 Shares are issued by the Trust and
that the acquisition of Nasdaq-100
Shares by investment companies is
subject to the restrictions of section
12(d)(1) of the Act, except as permitted
by an exemptive order that permits
registered investment companies to
invest in the Trust beyond the limits of
Section 12(d)(1)(A), subject to certain
terms and conditions, including that the
investment company enter into an
agreement with the Trust regarding the
terms of the investment.
3. As long as the Trust operates in
reliance on the requested order, the
Nasdaq-100 Shares will be listed on an
Exchange.
4. The website for the Trust, which
will be publicly accessible at no charge,
will contain the following information,
on a per Nasdaq-100 Share basis, for the
Trust: (a) The prior Business Day’s NAV
and the reported closing price, and a
calculation of the premium or discount
of such price against such NAV; and (b)
data in chart format displaying the
frequency distribution of discounts and
premiums of the daily closing price
against the NAV, within appropriate
ranges, for each of the four previous
calendar quarters. In addition, the
Product Description for the Trust will
state that the website for the Trust has
information about premiums and
discounts at which the Nasdaq-100
Shares have traded.
5. The prospectus and annual report
for the Trust will also include: (a) The
information listed in condition 4(b), (i)
in the case of the prospectus, for the
most recently completed year (and the
most recently completed quarter or
quarters, as applicable) and (ii) in the
case of the annual report, for the
immediately preceding five years, as
applicable; and (b) the following data,
calculated on a per Nasdaq-100 Share
basis for one-, five- and ten-year periods
(or life of the Trust), (i) the cumulative
total return and the average annual total
return based on NAV and closing price,
and (ii) the cumulative total return of
the Index.
6. Before the Trust may rely on the
order, the Commission will have
approved pursuant to rule 19b–4 under
the Exchange Act, an Exchange rule
requiring Exchange members and
VerDate Aug<31>2005
18:44 Mar 01, 2007
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member organizations effecting
transactions in Nasdaq-100 Shares to
deliver a Product Description to
purchasers of Nasdaq-100 Shares.
For the Commission, by the Division of
Investment Management, pursuant to
delegated authority.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–3677 Filed 3–1–07; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release Nos. 33–8782, 34–55350; File No.
4–532]
Roundtable on International Financial
Reporting Standards ‘‘Roadmap’’
Securities and Exchange
Commission.
ACTION: Notice of roundtable meeting.
AGENCY:
SUMMARY: On Tuesday, March 6, 2007
the Securities and Exchange
Commission will hold a roundtable
discussion on the ‘‘roadmap’’ regarding
International Financial Reporting
Standards (IFRS). The roadmap
describes the path toward eliminating
the need for non-U.S. companies to
reconcile to U.S. GAAP financial
statements they prepare pursuant to
IFRS issued by the International
Accounting Standards Board in filings
with the Commission. The subject
matter of the roundtable will be the
effect on the capital raising process in
the U.S. capital markets with respect to
the roadmap, the effect on investors in
the U.S. capital markets with respect to
the roadmap, and the effect on issuers
in the U.S capital markets with respect
to the roadmap. Representative(s) of the
following have been invited to
participate: Issuers, investors, securities
counsel, underwriters, credit rating
agencies, stock exchanges, academia,
and audit firms.
The roundtable will take place at the
Commission’s headquarters at 100 F
Street, NE., Auditorium, Room L–002,
Washington, DC at 10 a.m. The public
is invited to observe the roundtable
discussions. Seating is available on a
first-come, first-serve basis.
FOR FURTHER INFORMATION CONTACT:
Katrina Kimpel at (202) 551–5313.
Dated: February 26, 2007.
By the Commission.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–3645 Filed 3–1–07; 8:45 am]
BILLING CODE 8010–01–P
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9599
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–55352; File No. SR–NYSE–
2006–71]
Self-Regulatory Organizations; New
York Stock Exchange LLC; Notice of
Filing of Proposed Rule Change To
List and Trade Nine Series of
Exchange-Traded Notes of Barclays
Bank PLC Linked to the Performance
of Sub-Indices of the Dow Jones—AIG
Commodity IndexSM
February 26, 2007.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (the
‘‘Exchange Act’’),1 and Rule 19b–4
thereunder,2 notice is hereby given that
on February 20, 2007, the New York
Stock Exchange LLC (‘‘Exchange’’ or
‘‘NYSE’’) filed with the Securities and
Exchange Commission (‘‘Commission’’)
the proposed rule changes as described
in Items I, II, and III below, which items
have been substantially prepared by the
Exchange. The Commission is
publishing this notice to solicit
comments on the proposed rule changes
from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The NYSE proposes to list and trade
nine series of Exchange-Traded Notes of
Barclays Bank PLC (‘‘Barclays’’) linked
to the performance of sub-indices of the
Dow Jones—AIG Commodity Index SM.
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
NYSE has prepared summaries, set forth
in Sections A, B and C below, of the
most significant aspects of such
statements.
The text of the proposed rule change
is available at the NYSE, the
Commission’s Public Reference Room,
and https://www.nyse.com.
1 15
2 17
U.S.C. 78s(b)(1).
CFR 240.19b–4.
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[Federal Register Volume 72, Number 41 (Friday, March 2, 2007)]
[Notices]
[Page 9599]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-3645]
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SECURITIES AND EXCHANGE COMMISSION
[Release Nos. 33-8782, 34-55350; File No. 4-532]
Roundtable on International Financial Reporting Standards
``Roadmap''
AGENCY: Securities and Exchange Commission.
ACTION: Notice of roundtable meeting.
-----------------------------------------------------------------------
SUMMARY: On Tuesday, March 6, 2007 the Securities and Exchange
Commission will hold a roundtable discussion on the ``roadmap''
regarding International Financial Reporting Standards (IFRS). The
roadmap describes the path toward eliminating the need for non-U.S.
companies to reconcile to U.S. GAAP financial statements they prepare
pursuant to IFRS issued by the International Accounting Standards Board
in filings with the Commission. The subject matter of the roundtable
will be the effect on the capital raising process in the U.S. capital
markets with respect to the roadmap, the effect on investors in the
U.S. capital markets with respect to the roadmap, and the effect on
issuers in the U.S capital markets with respect to the roadmap.
Representative(s) of the following have been invited to participate:
Issuers, investors, securities counsel, underwriters, credit rating
agencies, stock exchanges, academia, and audit firms.
The roundtable will take place at the Commission's headquarters at
100 F Street, NE., Auditorium, Room L-002, Washington, DC at 10 a.m.
The public is invited to observe the roundtable discussions. Seating is
available on a first-come, first-serve basis.
FOR FURTHER INFORMATION CONTACT: Katrina Kimpel at (202) 551-5313.
Dated: February 26, 2007.
By the Commission.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-3645 Filed 3-1-07; 8:45 am]
BILLING CODE 8010-01-P
