Roundtable on International Financial Reporting Standards “Roadmap”, 9599 [E7-3645]

Download as PDF pwalker on PROD1PC71 with NOTICES 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 Jkt 211001 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 PO 00000 Frm 00099 Fmt 4703 Sfmt 4703 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. E:\FR\FM\02MRN1.SGM 02MRN1

Agencies

[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.

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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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