In the Matter of: TelcoBlue, Inc.; Order of Suspension of Trading, 10313-10314 [08-861]
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Federal Register / Vol. 73, No. 38 / Tuesday, February 26, 2008 / Notices
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options, and rights, together with any
Restricted Stock issued pursuant to the
Amended and Restated Plan, at the time
of issuance shall not exceed 25% of the
outstanding voting securities of
Triangle, except that if the amount of
voting securities that would result from
the exercise of all of Triangle’s
outstanding warrants, options, and
rights issued to Triangle’s directors,
officers, and employees, together with
any Restricted Stock issued pursuant to
the Amended and Restated Plan, would
exceed 15% of the outstanding voting
securities of Triangle, then the total
amount of voting securities that would
result from the exercise of all
outstanding warrants, options, and
rights, together with any Restricted
Stock issued pursuant to the Amended
and Restated Plan, at the time of
issuance shall not exceed 20% of the
outstanding voting securities of
Triangle.
4. The maximum amount of Restricted
Stock that may be issued under the
Amended and Restated Plan will be
10% of the outstanding shares of
common stock of Triangle on the
effective date of the Amended and
Restated Plan plus 10% of the number
of shares of Triangle’s common stock
issued or delivered by Triangle (other
than pursuant to compensation plans)
during the term of the Amended and
Restated Plan.
5. The Board will review periodically
the potential impact that the issuance of
Restricted Stock under the Amended
and Restated Plan could have on
Triangle’s earnings and NAV per share,
such review to take place prior to any
decisions to grant Restricted Stock
under the Amended and Restated Plan,
but in no event less frequently than
annually. Adequate procedures and
records will be maintained to permit
such review. The Board will be
authorized to take appropriate steps to
ensure that the grant of Restricted Stock
under the Amended and Restated Plan
would not have an effect contrary to the
interests of Triangle’s shareholders. This
authority will include the authority to
prevent or limit the granting of
additional Restricted Stock under the
Amended and Restated Plan. All records
maintained pursuant to this condition
will be subject to examination by the
Commission and its staff.
For the Commission, by the Division of
Investment Management, pursuant to
delegated authority.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E8–3555 Filed 2–25–08; 8:45 am]
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SECURITIES AND EXCHANGE
COMMISSION
[Release Nos. 33–8897; 34–57364; File No.
265–24]
Advisory Committee on Improvements
to Financial Reporting
Securities and Exchange
Commission.
AGENCY:
Notice of Meeting of SEC
Advisory Committee on Improvements
to Financial Reporting.
ACTION:
SUMMARY: The Securities and Exchange
Commission Advisory Committee on
Improvements to Financial Reporting is
providing notice that it will hold a
public meeting on Thursday, March 13,
and Friday, March 14, 2008, at
University of California—San Francisco,
Laurel Heights Conference Center,
Sublevel 1 Auditorium, 3333 California
Street, San Francisco, California 94118.
The meeting will begin at 3 p.m. on
Thursday, March 13, and at 8 a.m. on
Friday, March 14. The meeting will be
open to the public. The meeting will be
webcast on the Commission’s Web site
at https://www.sec.gov. Persons needing
special accommodations to take part
because of a disability should notify a
contact person listed below. The public
is invited to submit written statements
for the meeting.
The agenda for the Thursday, March
13 meeting includes hearing oral
testimony from panel participants
regarding the Advisory Committee’s
developed proposals related to
materiality, restatements, and
professional judgment. The agenda for
the Friday, March 14 meeting includes
(1) hearing oral testimony from panel
participants regarding the Advisory
Committee’s developed proposal related
to the implementation of XBRL, and (2)
consideration of comment letters
received by the Advisory Committee,
consideration of updates from
subcommittees of the Advisory
Committee, and discussion of next steps
and planning for the next meeting.
Written statements should be
received on or before March 6, 2008.
10313
Paper Comments
• Send paper statements in triplicate
to Nancy M. Morris, Federal Advisory
Committee Management Officer,
Securities and Exchange Commission,
100 F Street, NE., Washington, DC
20549–1090.
All submissions should refer to File No.
265–24. This file number should be
included on the subject line if e-mail is
used. To help us process and review
your statements more efficiently, please
use only one method. The Commission
staff will post all statements on the
Advisory Committee’s Web site (https://
www.sec.gov/about/offices/oca/
acifr.shtml). Statements also will be
available for public inspection and
copying in the Commission’s Public
Reference Room, 100 F Street, NE.,
Washington, DC 20549, on official
business days between the hours of 10
a.m. and 3 p.m. All statements received
will be posted without change; we do
not edit personal identifying
information from submissions. You
should submit only information that
you wish to make available publicly.
FOR FURTHER INFORMATION CONTACT:
James L. Kroeker, Deputy Chief
Accountant, or Shelly C. Luisi, Senior
Associate Chief Accountant, at (202)
551–5300, Office of the Chief
Accountant, Securities and Exchange
Commission, 100 F Street, NE.,
Washington, DC 20549–6561.
SUPPLEMENTARY INFORMATION: In
accordance with Section 10(a) of the
Federal Advisory Committee Act, 5
U.S.C. App. 1, § 10(a), James L. Kroeker,
Designated Federal Officer of the
Committee, has approved publication of
this notice.
Dated: February 21, 2008.
Nancy M. Morris,
Committee Management Officer.
[FR Doc. E8–3568 Filed 2–25–08; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[File No. 500–1]
DATES:
Written statements may be
submitted by any of the following
methods:
ADDRESSES:
Electronic Comments
• Use the Commission’s Internet
submission form (https://www.sec.gov/
rules/other.shtml); or
• Send an e-mail message to rulecomments@sec.gov. Please include File
Number 265–24 on the subject line.
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In the Matter of: TelcoBlue, Inc.; Order
of Suspension of Trading
February 22, 2008.
It appears to the Securities and
Exchange Commission that there is a
lack of current and accurate information
concerning the securities of TelcoBlue,
Inc. (‘‘TelcoBlue’’) because TelcoBlue
has failed to file its last six required
periodic reports.
The Commission is of the opinion that
the public interest and the protection of
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10314
Federal Register / Vol. 73, No. 38 / Tuesday, February 26, 2008 / Notices
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. EST on February
22, 2008 through 11:59 p.m. EST on
March 6, 2008.
By the Commission.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. 08–861 Filed 2–22–08; 10:44 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–57356; File No. SR–Amex–
2007–115]
Self-Regulatory Organizations;
American Stock Exchange, LLC;
Notice of Filing and Order Granting
Accelerated Approval of a Proposed
Rule Change, as Modified by
Amendment Nos. 1 and 2 Thereto, To
List and Trade Shares of the SPDR
Barclays Capital Global Inflation
Linked Exchange-Traded Fund
February 20, 2008.
mstockstill on PROD1PC66 with NOTICES
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 October
29, 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 and II below, which Items have
been substantially prepared by the
Exchange. On January 4, 2008, the
Exchange filed Amendment No. 1 to the
proposed rule change. On January 30,
2008, the Exchange filed Amendment
No. 2 to the proposed rule change. This
order provides notice of the proposed
rule change, as amended, and approves
the proposed rule change, as modified
by Amendment Nos. 1 and 2 thereto, on
an accelerated basis.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to list and
trade shares (‘‘Shares’’) of the SPDR
Barclays Capital Global Inflation Linked
Exchange-Traded Fund (‘‘Fund’’).3 The
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 The Fund is a series of the SPDR Series Trust
(formerly streetTRACKS Series Trust, the ‘‘Trust’’),
an investment company registered under the
Investment Company Act of 1940 (‘‘1940 Act’’).
2 17
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text of the proposed rule change is
available at the Exchange’s principal
office, the Commission’s Public
Reference Room, and 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
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 III below. The
Exchange 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 Exchange proposes to list and
trade Shares of the Fund pursuant to
Amex Rule 1000A–AEMI and Amex
Rules 1001A through 1005A, which
provide listing standards for Index Fund
Shares.4 The Shares represent an
interest in the investment portfolio of
the Fund and are registered under the
Act. The Fund’s investment objective is
to provide investment results that,
before fees and expenses, correspond
generally to the price and yield
performance of the World Government
TIPS Index, an index that tracks the
inflation-protected sector of the global
bond market. The Fund employs an
indexing approach seeking to
substantially replicate, before fees and
expenses, the price and yield
performance of the Barclays World
Government Inflation-Linked Bond
Index (‘‘Index’’).5 The Index measures
the performance of the major
government inflation-linked bond
markets and is constructed from a
selection of country/currency indices
based on rating and size. The Index is
4 An Index Fund Share is a security that is issued
by an open-end management investment company
based on a portfolio of stocks or fixed-income
securities or a combination thereof that seeks to
provide investment results that correspond
generally to the price and yield performance or total
return performance of a specified foreign or
domestic stock index, fixed-income securities
index, or combination thereof. See Amex Rule
1000A–AEMI(b)(1).
5 Barclays Capital, which created and manages
the Index, is the investment banking division of
Barclays Bank PLC, which is regulated by the
Financial Services Authority of the United
Kingdom.
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designed to include only those markets
in which a global government linker 6
fund is likely to invest and includes the
following ten countries: United
Kingdom, Australia, Canada, Sweden,
United States, France, Italy, Japan,
Germany, and Greece.
The Exchange represents that the
Fund does not satisfy the generic listing
standards in Commentary .03(a)(5) to
Amex Rule 1000A–AEMI, which
requires that the underlying index or
portfolio (excluding one consisting
entirely of exempted securities) must
include a minimum of 13 non-affiliated
issuers.7 Currently, the Index only
includes ten non-affiliated issuers.
Except for Commentary .03(a)(5) to
Amex Rule 1000A–AEMI, Amex states
that the Shares currently satisfy all
applicable generic listing standards for
Index Fund Shares based on Fixed
Income Securities.8 The Exchange
further represents that the continued
listing standards for Index Fund Shares
under Amex Rule 1002A(b) are
applicable to the Shares.9 The issuer of
the Shares, the Trust, is required to
comply with Rule 10A–3 under the
Act 10 for the initial and continued
listing of the Shares.
The Exchange states that detailed
descriptions of the Fund, the Index
(including the methodology used to
determine the composition of the
Index), investment objective,
management, and structure of the Fund,
procedures and payment requirements
for creating and redeeming Shares,
transaction fees and expenses,
dividends, distributions, taxes, reports
6A
linker is an inflation-linked bond.
generic listing requirements under
Commentary .03 to Amex Rule 1000A–AEMI permit
the listing and trading of Index Fund Shares
pursuant to Rule 19b–4(e) under the Act (17 CFR
240.19b–4(e)). Rule 19b–4(e) provides that the
listing and trading of a new derivative securities
product by a self-regulatory organization (‘‘SRO’’)
shall not be deemed a proposed rule change,
pursuant to Rule 19b–4(c)(1), if the Commission has
approved, pursuant to Section 19(b) of the Act, the
SRO’s trading rules, procedures, and listing
standards for the product class that would include
the new derivatives securities product, and the SRO
has a surveillance program for the product class.
8 Fixed Income Securities are debt securities that
are notes, bonds, debentures, or evidence of
indebtedness that include, but are not limited to,
U.S. Department of Treasury securities,
government-sponsored entity securities, municipal
securities, trust preferred securities, supranational
debt, and debt of a foreign country or a subdivision
thereof. See Commentary .03 to Amex Rule 1000A–
AEMI.
9 Pursuant to Amex Rule 1002A(a)(i), the
Exchange has established a minimum of 200,000
Shares to be outstanding at the start of trading. The
Exchange believes that the proposed minimum
number of Shares outstanding at the start of trading
is sufficient to provide market liquidity and is
comparable to requirements that have been applied
to previously listed series of Index Fund Shares.
10 17 CFR 240.10A–3.
7 The
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[Federal Register Volume 73, Number 38 (Tuesday, February 26, 2008)]
[Notices]
[Pages 10313-10314]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 08-861]
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SECURITIES AND EXCHANGE COMMISSION
[File No. 500-1]
In the Matter of: TelcoBlue, Inc.; Order of Suspension of Trading
February 22, 2008.
It appears to the Securities and Exchange Commission that there is
a lack of current and accurate information concerning the securities of
TelcoBlue, Inc. (``TelcoBlue'') because TelcoBlue has failed to file
its last six required periodic reports.
The Commission is of the opinion that the public interest and the
protection of
[[Page 10314]]
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. EST on February 22,
2008 through 11:59 p.m. EST on March 6, 2008.
By the Commission.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. 08-861 Filed 2-22-08; 10:44 am]
BILLING CODE 8011-01-P
