Sunshine Act Meeting, 25061 [E8-10020]

Download as PDF Federal Register / Vol. 73, No. 88 / Tuesday, May 6, 2008 / Notices then ended, setting forth such tax information as shall be necessary for the preparation by the Participant of that Participant’s federal and state income tax returns, and a report of the investment activities of the Employee Fund during that fiscal year. 6. If an Employee Fund makes purchases or sales from or to an entity affiliated with the Employee Fund by reason of an officer, director or employee of Bessemer (a) serving as an officer, director, general partner or investment adviser of the entity, or (b) having a 5% or more investment in the entity, such individual will not participate in the Employee Fund’s determination of whether or not to effect the purchase or sale. For the Commission, by the Division of Investment Management, under delegated authority. Florence E. Harmon, Deputy Secretary. [FR Doc. E8–9910 Filed 5–5–08; 8:45 am] BILLING CODE 8010–01–P 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. Dated: May 1, 2008. Nancy M. Morris, Secretary. [FR Doc. E8–10020 Filed 5–5–08; 8:45 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–57739; File No. SR–Amex– 2008–17] Self-Regulatory Organizations; American Stock Exchange LLC; Order Granting Approval of Proposed Rule Change, as Modified by Amendment No. 1 Thereto, to Adopt Listing Rules for Fixed Income-Linked Securities, Futures-Linked Securities, and Combination-Linked Securities April 30, 2008. I. Introduction SECURITIES AND EXCHANGE COMMISSION rwilkins on PROD1PC63 with NOTICES Sunshine Act Meeting 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 a Closed Meeting on May 8, 2008 at 10 a.m. Commissioners, Counsel to the Commissioners, the Secretary to the 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)(3) (5), (7), (9)(B), and (10) and 17 CFR 200.402(a)(3), (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 matter of the Closed Meeting scheduled for May 8, 2008 will be: Formal orders of investigation; Institution and settlement of injunctive actions; Institution and settlement of administrative proceedings of an enforcement nature; and an opinion. At times, changes in Commission priorities require alterations in the scheduling of meeting items. VerDate Aug<31>2005 17:11 May 05, 2008 Jkt 214001 On February 29, 2008, the American Stock Exchange LLC (‘‘Amex’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’), pursuant to section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a proposed rule change to adopt generic listing standards for Fixed Income-Linked Securities, FuturesLinked Securities, and CombinationLinked Securities. On March 20, 2008, the Exchange filed Amendment No. 1 to the proposed rule change. The proposed rule change, as amended, was published for comment in the Federal Register on March 27, 2008.3 The Commission received no comments on the proposal. This order approves the proposed rule change, as modified by Amendment No. 1 thereto. II. Description of the Proposal The Exchange proposes to add new Sections 107G, 107H, and 107I of the Amex Company Guide to provide generic listing standards for Fixed Income-Linked Securities, FuturesLinked Securities, and CombinationLinked Securities (collectively, the ‘‘New Linked Securities’’). The primary purpose of the proposed rule change is to enable the listing and trading of the New Linked Securities pursuant to Rule 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Securities Exchange Act Release No. 57539 (March 20, 2008), 73 FR 16395. 2 17 PO 00000 Frm 00124 Fmt 4703 Sfmt 4703 25061 19b–4(e) 4 under the Act, without individual Commission approval of each such product pursuant to section 19(b)(2) of the Act.5 The Exchange represents that within five business days after commencement of trading of a series of New Linked Securities under proposed Sections 107G, 107H, and 107I of the Amex Company Guide, as applicable, the Exchange will file a Form 19b–4(e).6 General Issuer and Issue Eligibility As with Index-Linked Securities under current Section 107D of the Amex Company Guide,7 Commodity-Linked Securities under Section 107E,8 and Currency-Linked Securities under Section 107F of the Amex Company Guide,9 the New Linked Securities do not give the holder any right to receive a portfolio component or any other ownership right or interest in the portfolio or underlying components comprising the applicable Reference Asset (as defined herein) and may or 4 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 section (c)(1) of Rule 19b–4 (17 CFR 240.19b–4(c)(1)), if the Commission has approved, pursuant to section 19(b) of the Act (15 U.S.C. 78s(b)), 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. See 17 CFR 240.19b–4(e). 5 15 U.S.C. 78s(b)(2). The Exchange also seeks to make a technical change to Section 107D of the Amex Company Guide as part of the proposal. See infra note 7. 6 17 CFR 240.19b–4(e)(2)(ii); 17 CFR 249.820. 7 Index-Linked Securities are securities that provide for the payment at maturity of a cash amount based on the performance of an underlying index or indexes. As part of this proposed rule change, the Exchange seeks to make a technical change to Section 107D of the Amex Company Guide to define such underlying index or indexes as the ‘‘Equity Reference Asset.’’ Such securities may or may not provide for the repayment of the original principal investment amount. See Section 107D and Section 107D(d) of the Amex Company Guide. 8 Commodity-Linked Securities are securities that provide for the payment at maturity of a cash amount based on the performance of one or more commodities, commodity futures, options or other commodity derivatives or Commodity-Based Trust Shares (as defined in Amex rule 1200A), or a basket or index of any of the foregoing (the ‘‘Commodity Reference Asset’’). Such securities may or may not provide for the repayment of the original principal investment amount. See Section 107E of the Amex Company Guide. 9 Currency-Linked Securities are securities that provide for the payment at maturity of a cash amount based on the performance of one or more currencies, or options or currency futures or other currency derivatives or Currency Trust Shares (as defined in Amex Rule 1200B), or a basket or index of any of the foregoing (the ‘‘Currency Reference Asset’’). Such securities may or may not provide for the repayment of the original principal investment amount. See Section 107F of the Amex Company Guide. E:\FR\FM\06MYN1.SGM 06MYN1

Agencies

[Federal Register Volume 73, Number 88 (Tuesday, May 6, 2008)]
[Notices]
[Page 25061]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-10020]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meeting

    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 a Closed Meeting on May 8, 2008 at 10 
a.m.
    Commissioners, Counsel to the Commissioners, the Secretary to the 
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)(3) (5), (7), (9)(B), and (10) and 17 CFR 
200.402(a)(3), (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 matter of the Closed Meeting scheduled for May 8, 2008 
will be:
    Formal orders of investigation;
    Institution and settlement of injunctive actions;
    Institution and settlement of administrative proceedings of an 
enforcement nature; and an opinion.
    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.

    Dated: May 1, 2008.
Nancy M. Morris,
Secretary.
 [FR Doc. E8-10020 Filed 5-5-08; 8:45 am]
BILLING CODE 8010-01-P