Sunshine Act Meetings, 65992-65993 [E7-22999]
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65992
Federal Register / Vol. 72, No. 226 / Monday, November 26, 2007 / Notices
assistance to troubled plans. Employers
and unions use the information to
decide whether additional plan
contributions will be made to avoid the
insolvency and consequent benefit
suspensions. Plan participants and
beneficiaries use the information in
personal financial decisions.
PBGC estimates that 1 plan sponsor of
an ongoing plan gives notices each year
under this regulation. The estimated
annual burden of the collection of
information is 1 hour and $4,741.
11. Duties of Plan Sponsor Following
Mass Withdrawal (29 CFR Part 4281)
(OMB Control Number 1212–0032)
mstockstill on PROD1PC66 with NOTICES
Section 4281 of ERISA provides rules
for plans that have terminated by mass
withdrawal. Under section 4281, if
nonforfeitable benefits exceed plan
assets, the plan sponsor must amend the
plan to reduce benefits. If the plan
nevertheless becomes insolvent, the
plan sponsor must suspend certain
benefits that cannot be paid. If available
resources are inadequate to pay
guaranteed benefits, the plan sponsor
must request financial assistance from
PBGC.
The regulation requires a plan
sponsor to give notices of benefit
reduction, notices of insolvency and
annual updates, and notices of
insolvency benefit level to PBGC and to
participants and beneficiaries and, if
necessary, to apply to PBGC for
financial assistance.
PBGC uses the information it receives
to make determinations required by
ERISA, to identify and estimate the cash
needed for financial assistance to
terminated plans, and to verify the
appropriateness of financial assistance
payments. Plan participants and
beneficiaries use the information to
make personal financial decisions.
PBGC estimates that plan sponsors of
terminated plans each year give benefit
reduction notices for 2 plans and give
notices of insolvency benefit level and
annual updates, and submit requests for
financial assistance, for 28 plans. Of
those 28 plans, PBGC estimates that
plan sponsors each year give notices of
insolvency for 4 plans. The estimated
annual burden of the collection of
information is one hour and $701,574.
Issued in Washington, DC, this 20th day of
November, 2007.
John H. Hanley,
Director, Legislative and Regulatory
Department, Pension Benefit Guaranty
Corporation.
[FR Doc. E7–22956 Filed 11–23–07; 8:45 am]
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SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection, Comment
Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
Extension:
Rule 203–2 and Form ADV–W; SEC File
No. 270–40; OMB Control No. 3235–
0313.
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.
The title for the collection of
information is ‘‘Rule 203–2 (17 CFR
275.203–2) and Form ADV–W (17 CFR
279.2) under the Investment Advisers
Act of 1940 (15 U.S.C. 80b).’’ Rule 203–
2 under the Investment Advisers Act of
1940 establishes procedures for an
investment adviser to withdraw its
registration with the Commission. Rule
203–2 requires every person
withdrawing from investment adviser
registration with the Commission to file
Form ADV–W electronically on the
Investment Adviser Registration
Depository (‘‘IARD’’). The purpose of
the information collection is to notify
the Commission and the public when an
investment adviser withdraws its
pending or approved SEC registration.
Typically, an investment adviser files a
Form ADV–W when it ceases doing
business or when it is ineligible to
remain registered with the Commission.
The respondents to the collection of
information are all investment advisers
that are registered with the Commission
or have applications pending for
registration. The Commission has
estimated that compliance with the
requirement to complete Form ADV–W
imposes a total burden of approximately
0.75 hours (45 minutes) for an adviser
filing for full withdrawal and
approximately 0.25 hours (15 minutes)
for an adviser filing for partial
withdrawal. Based on historical filings,
the Commission estimates that there are
approximately 500 respondents
annually filing for full withdrawal and
approximately 500 respondents
annually filing for partial withdrawal.
Based on these estimates, the total
estimated annual burden would be 500
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hours ((500 respondents × .75 hours) +
(500 respondents × .25 hours)).
Rule 203–2 and Form ADV–W do not
require recordkeeping or records
retention. The collection of information
requirements under the rule and form
are mandatory. The information
collected pursuant to the rule and Form
ADV–W are filings with the
Commission. These filings are not kept
confidential. An agency may not
conduct or sponsor, and a person is not
required to respond to, a collection of
information unless it displays a
currently valid control number.
Written comments are invited on: (a)
Whether the documentation 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
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, Securities and
Exchange Commission, C/O Shirley
Martinson, 6432 General Green Way,
Alexandria, VA 22312; or send an email to: PRA_Mailbox@sec.gov.
Dated: November 13, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–22927 Filed 11–23–07; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meetings
Notice is hereby given, pursuant to
the provisions of the Government in the
Sunshine Act, Public Law 94–409, that
the Securities and Exchange
Commission will hold the following
meetings during the week of November
26, 2007:
An Open Meeting will be held on
Wednesday, November 28, 2007 at 10
a.m., in Room L–002, the Auditorium,
and a Closed Meeting will be held on
Thursday, November 29, 2007 at 2 p.m.
Commissioners, Counsel to the
Commissioners, the Secretary to the
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Federal Register / Vol. 72, No. 226 / Monday, November 26, 2007 / Notices
Commission, and recording secretaries
will attend the Closed Meeting. Certain
staff members who have an interest in
the matters may also be present.
The General Counsel of the
Commission, or his designee, has
certified that, in his opinion, one or
more of the exemptions set forth in 5
U.S.C. 552b(c)(5), (7), (9)(B), and (10)
and 17 CFR 200.402(a)(5), (7), 9(ii) and
(10), permit consideration of the
scheduled matters at the Closed
Meeting.
Commissioner Casey, as duty officer,
voted to consider the items listed for the
closed meeting in closed session.
The subject matters of the Open
Meeting scheduled for Wednesday,
November 28, 2007 will be:
1. The Commission will consider
whether to adopt amendments to Rule
14a–8(i)(8) under the Securities
Exchange Act of 1934, to clarify its
longstanding interpretation of that rule.
2. The Commission will consider
whether to adopt amendments to the
proxy rules under the Securities
Exchange Act of 1934 to facilitate the
use of electronic shareholder forums.
The subject matter of the Closed
Meeting scheduled for Thursday,
November 29, 2007 will be:
Formal orders of investigation;
Institution and settlement of injunctive
actions;
Institution and settlement of
administrative proceedings of an
enforcement nature;
Adjudicatory matters; and
Other matters related to enforcement
actions.
At times, changes in Commission
priorities require alterations in the
scheduling of meeting items.
For further information and to
ascertain what, if any, matters have been
added, deleted or postponed, please
contact:
The Office of the Secretary at (202)
551–5400.
mstockstill on PROD1PC66 with NOTICES
November 20, 2007.
Nancy M. Morris,
Secretary.
[FR Doc. E7–22999 Filed 11–23–07; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–56811; File No. SR–Amex–
2007–118]
Self-Regulatory Organizations;
American Stock Exchange LLC; Notice
of Filing and Immediate Effectiveness
of a Proposed Rule Change Revising
the AEMI Rules To Eliminate the PostOpening Pair-Off of Marketable Orders
Held in a Message Queue
November 19, 2007.
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 November
13, 2007, 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 substantially by the
Amex. The Amex has filed the proposed
rule change pursuant to Section
19(b)(3)(A) of the Act 3 and Rule 19b–
4(f)(5) thereunder 4 as one that effects a
change in an existing order-entry or
trading system, which renders the
proposal 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 adopt changes
to the rules governing the Exchange’s
new hybrid market trading platform for
equity products and exchange-traded
funds, designated as AEMISM
(‘‘AEMI’’), to eliminate the existing postopening pair-off of marketable orders
that are held in a Message Queue 5
during the main pair-off at an opening
or reopening.
The proposed rule change is available
at the Amex’s principal office, the
Commission’s Public Reference Room,
and the Amex’s Web site at https://
www.amex.com.
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
Amex included statements concerning
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A).
4 17 CFR 240.19b–4(f)(5).
5 See Rule 1A–AEMI for a description of a
Message Queue.
2 17
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65993
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 the
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Amex recently adopted new
Commentary .06 to Rule 126–AEMI,
‘‘Precedence of Bids and Offers,’’ which
provides that AEMI will function at all
times in a manner that assures
compliance with the Exchange’s priority
and parity rules.6 The Amex adopted
Commentary .06 to comply with an
undertaking in Section III.F.1 of the
settlement order in a recent
administrative proceeding.7 In the
September Proposal, the Exchange
noted that there were two exceptions to
its compliance with the requirements of
Commentary .06 that the Exchange had
recently become aware of and was
working to correct in the near future.8
The Exchange has subsequently
changed its trading system to eliminate
the first exception mentioned above.
The purpose of this proposal is to
resolve the second exception to Rule
126–AEMI, Commentary .06 mentioned
above by amending Amex Rules 108–
AEMI, ‘‘Priority and Parity at Openings
and Reopenings,’’ and 128A–AEMI,
‘‘Automatic Execution,’’ to eliminate the
existing post-opening pair-off of
marketable orders that are briefly held
in a Message Queue during the main
pair-off at an opening or reopening.
System issues associated with this postopening pair-off, which takes place at
the time the Message Queue is
terminated, can, under certain
circumstances, result in the violation of
the Exchange’s priority and parity rules.
The Amex is filing this proposal
simultaneously with the
6 See Securities Exchange Act Release No. 56495
(September 21, 2007), 72 FR 55262 (September 28,
2007) (notice of filing and immediate effectiveness
of File No. SR–Amex–2007–105) (‘‘September
Proposal’’).
7 See In the Matter of American Stock Exchange
LLC, Order Instituting Administrative and Ceaseand-Desist Proceedings, Making Findings, and
Imposing Remedial Sanctions, a Censure, and a
Cease-and-Desist Order Pursuant to Sections
19(h)(1) and 21C of the Securities Exchange Act of
1934, Securities Exchange Act Release No. 55507
(March 22, 2007) (Administrative Proceeding File
No. 3–12594).
8 See September Proposal, supra note 6, at note
7.
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]]>Agencies
[Federal Register Volume 72, Number 226 (Monday, November 26, 2007)]
[Notices]
[Pages 65992-65993]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-22999]
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SECURITIES AND EXCHANGE COMMISSION
Sunshine Act Meetings
Notice is hereby given, pursuant to the provisions of the
Government in the Sunshine Act, Public Law 94-409, that the Securities
and Exchange Commission will hold the following meetings during the
week of November 26, 2007:
An Open Meeting will be held on Wednesday, November 28, 2007 at 10
a.m., in Room L-002, the Auditorium, and a Closed Meeting will be held
on Thursday, November 29, 2007 at 2 p.m.
Commissioners, Counsel to the Commissioners, the Secretary to the
[[Page 65993]]
Commission, and recording secretaries will attend the Closed Meeting.
Certain staff members who have an interest in the matters may also be
present.
The General Counsel of the Commission, or his designee, has
certified that, in his opinion, one or more of the exemptions set forth
in 5 U.S.C. 552b(c)(5), (7), (9)(B), and (10) and 17 CFR 200.402(a)(5),
(7), 9(ii) and (10), permit consideration of the scheduled matters at
the Closed Meeting.
Commissioner Casey, as duty officer, voted to consider the items
listed for the closed meeting in closed session.
The subject matters of the Open Meeting scheduled for Wednesday,
November 28, 2007 will be:
1. The Commission will consider whether to adopt amendments to Rule
14a-8(i)(8) under the Securities Exchange Act of 1934, to clarify its
longstanding interpretation of that rule.
2. The Commission will consider whether to adopt amendments to the
proxy rules under the Securities Exchange Act of 1934 to facilitate the
use of electronic shareholder forums.
The subject matter of the Closed Meeting scheduled for Thursday,
November 29, 2007 will be:
Formal orders of investigation;
Institution and settlement of injunctive actions;
Institution and settlement of administrative proceedings of an
enforcement nature;
Adjudicatory matters; and
Other matters related to enforcement actions.
At times, changes in Commission priorities require alterations in
the scheduling of meeting items.
For further information and to ascertain what, if any, matters have
been added, deleted or postponed, please contact:
The Office of the Secretary at (202) 551-5400.
November 20, 2007.
Nancy M. Morris,
Secretary.
[FR Doc. E7-22999 Filed 11-23-07; 8:45 am]
BILLING CODE 8011-01-P
