Order Extending Emergency Order Pursuant to Section 12(k)(2) of the Securities Exchange Act of 1934 Taking Temporary Action To Respond to Market Developments, 45257 [E8-17759]

Download as PDF Federal Register / Vol. 73, No. 150 / Monday, August 4, 2008 / Notices to appropriate agencies, entities, and persons. This routine use will serve to protect the interests of any individual affected by a breach because it will enable OSHRC to take the steps necessary to facilitate a timely and effective response to the breach, thereby improving its ability to prevent, minimize, or remedy any harm resulting from a compromise of data maintained in its systems of records. OSHRC’s proposed blanket routine use is published below. The first ten blanket routine uses, which remain in effect, were last published in full text on April 14, 2006 at 71 FR 19556, 19558– 59. Blanket Routine Uses (11) A record from an OSHRC system of records may be disclosed as a blanket routine use to appropriate agencies, entities, and persons when: (a) OSHRC suspects or has confirmed that the security or confidentiality of information in the system of records has been compromised; and (b) OSHRC has determined that as a result of the suspected or confirmed compromise there is a risk of harm to economic or property interests, identity theft or fraud, or harm to the security or integrity of this system or other systems or programs (whether maintained by OSHRC or another agency or entity) that rely upon the compromised information; and (c) The disclosure made to such agencies, entities, and persons is reasonably necessary to assist in connection with OSHRC’s efforts to respond to the suspected or confirmed compromise and prevent, minimize, or remedy such harm. Dated: July 29, 2008. Horace A. Thompson III, Chairman. [FR Doc. E8–17791 Filed 8–1–08; 8:45 am] BILLING CODE 7600–01–P SECURITIES AND EXCHANGE COMMISSION [Securities Exchange Act of 1934; Release No. 58248/July 29, 2008] pwalker on PROD1PC71 with NOTICES Order Extending Emergency Order Pursuant to Section 12(k)(2) of the Securities Exchange Act of 1934 Taking Temporary Action To Respond to Market Developments On July 15, 2008, the Commission issued an Emergency Order Pursuant to Section 12(k)(2) of the Securities Exchange Act of 1934 Taking Temporary Action to Respond to Market VerDate Aug<31>2005 16:50 Aug 01, 2008 Jkt 214001 Developments (the ‘‘Order’’).1 That Order took effect on July 21, 2008 and applies to the publicly traded securities of the substantial financial firms identified in Appendix A to the Order. The Commission updated the Order by an amendment dated July 18, 2008.2 The Order, as amended (the ‘‘Emergency Order’’), is currently set to terminate on July 29, 2008. Pursuant to its authority under Section 12(k)(2)(C) of the Securities Exchange Act of 1934 (‘‘Exchange Act’’), the Commission is extending the Emergency Order. Section 12(k)(2)(C) authorizes the Commission to extend an emergency order issued pursuant to Section 12(k)(2)(A) of the Exchange Act for a total effective period of up to 30 calendar days, if the Commission finds that the emergency still exists and determines that an extension is necessary in the public interest and for the protection of investors to maintain fair and orderly securities markets. The Commission has carefully reevaluated the current state of the markets in consultation with officials of the Board of Governors of the Federal Reserve System, the Department of the Treasury and the Federal Reserve Bank of New York. We note that the Board of Governors of the Federal Reserve System, in authorizing the creation of the temporary Primary Dealer Credit Facility (‘‘PDCF’’), was required to determine that ‘‘unusual and exigent circumstances’’ exist and that the PDCF remains available to the financial firms identified in Appendix A. The Commission continues to remain concerned about the ongoing threat of market disruption and effects on investor confidence, and has determined in this environment that the standards under Section 12(k)(2) for extending the Emergency Order have been met. Accordingly, the Commission has determined that extending the Emergency Order is in the public interest and necessary to maintain fair and orderly securities markets and for the protection of investors. Following expiration of the Emergency Order, the Commission will proceed immediately to consideration of rulemaking, which would become effective after notice and comment. Therefore, it is ordered, pursuant to Section 12(k)(2)(C) of the Exchange Act, that the Emergency Order is extended such that it will terminate at 11:59 p.m. EDT on Tuesday, August 12, 2008. 1 See Securities Exchange Act Release No. 58166 (July 15, 2008). 2 See Securities Exchange Act Release No. 58190 (July 18, 2008). PO 00000 Frm 00053 Fmt 4703 Sfmt 4703 45257 By the Commission. Florence E. Harmon, Acting Secretary. [FR Doc. E8–17759 Filed 8–1–08; 8:45 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [File No. 500–1] Global Diamond Exchange, Inc.; Order of Suspension of Trading July 31, 2008. It appears to the Securities and Exchange Commission that the public interest and the protection of investors require a suspension of trading in the securities of Global Diamond Exchange, Inc. (‘‘Global Diamond’’) because there is a lack of current and accurate information concerning its securities. Questions have arisen concerning the company’s current business operations, control of the company, and the company’s reliance on Rule 504 of Regulation D of the Securities Act of 1933 in conducting a distribution of its securities. Global Diamond, a company that has made no public filings with the Commission, is quoted on the Pink Sheets under the ticker symbol GBDX. The Commission is of the opinion that the public interest and the protection of 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. EDT, July 31, 2008, through 11:59 p.m. EDT, on August 13, 2008. By the Commission. Florence E. Harmon, Acting Secretary. [FR Doc. E8–17896 Filed 7–31–08; 11:15 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [Release Nos. 33–8947; 34–58236; File No. 4–564] Roundtable on International Financial Reporting Standards Securities and Exchange Commission. ACTION: Notice of roundtable discussion; request for comment. AGENCY: SUMMARY: On August 4, 2008 from 1 p.m. to 5 p.m., the Securities and Exchange Commission will hold a E:\FR\FM\04AUN1.SGM 04AUN1

Agencies

[Federal Register Volume 73, Number 150 (Monday, August 4, 2008)]
[Notices]
[Page 45257]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-17759]


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SECURITIES AND EXCHANGE COMMISSION

[Securities Exchange Act of 1934; Release No. 58248/July 29, 2008]


Order Extending Emergency Order Pursuant to Section 12(k)(2) of 
the Securities Exchange Act of 1934 Taking Temporary Action To Respond 
to Market Developments

    On July 15, 2008, the Commission issued an Emergency Order Pursuant 
to Section 12(k)(2) of the Securities Exchange Act of 1934 Taking 
Temporary Action to Respond to Market Developments (the ``Order'').\1\ 
That Order took effect on July 21, 2008 and applies to the publicly 
traded securities of the substantial financial firms identified in 
Appendix A to the Order. The Commission updated the Order by an 
amendment dated July 18, 2008.\2\ The Order, as amended (the 
``Emergency Order''), is currently set to terminate on July 29, 2008.
---------------------------------------------------------------------------

    \1\ See Securities Exchange Act Release No. 58166 (July 15, 
2008).
    \2\ See Securities Exchange Act Release No. 58190 (July 18, 
2008).
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    Pursuant to its authority under Section 12(k)(2)(C) of the 
Securities Exchange Act of 1934 (``Exchange Act''), the Commission is 
extending the Emergency Order. Section 12(k)(2)(C) authorizes the 
Commission to extend an emergency order issued pursuant to Section 
12(k)(2)(A) of the Exchange Act for a total effective period of up to 
30 calendar days, if the Commission finds that the emergency still 
exists and determines that an extension is necessary in the public 
interest and for the protection of investors to maintain fair and 
orderly securities markets.
    The Commission has carefully reevaluated the current state of the 
markets in consultation with officials of the Board of Governors of the 
Federal Reserve System, the Department of the Treasury and the Federal 
Reserve Bank of New York. We note that the Board of Governors of the 
Federal Reserve System, in authorizing the creation of the temporary 
Primary Dealer Credit Facility (``PDCF''), was required to determine 
that ``unusual and exigent circumstances'' exist and that the PDCF 
remains available to the financial firms identified in Appendix A. The 
Commission continues to remain concerned about the ongoing threat of 
market disruption and effects on investor confidence, and has 
determined in this environment that the standards under Section 
12(k)(2) for extending the Emergency Order have been met. Accordingly, 
the Commission has determined that extending the Emergency Order is in 
the public interest and necessary to maintain fair and orderly 
securities markets and for the protection of investors. Following 
expiration of the Emergency Order, the Commission will proceed 
immediately to consideration of rulemaking, which would become 
effective after notice and comment.
    Therefore, it is ordered, pursuant to Section 12(k)(2)(C) of the 
Exchange Act, that the Emergency Order is extended such that it will 
terminate at 11:59 p.m. EDT on Tuesday, August 12, 2008.

    By the Commission.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8-17759 Filed 8-1-08; 8:45 am]
BILLING CODE 8010-01-P
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