Roundtable on International Financial Reporting Standards, 45257-45258 [E8-17763]

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 45258 Federal Register / Vol. 73, No. 150 / Monday, August 4, 2008 / Notices roundtable to discuss International Financial Reporting Standards (‘‘IFRS’’) and to update the Commission on IFRS developments, including the experience with use of IFRS during the recent period of market turmoil. The roundtable will be organized as two panels. The panels will include investors, issuers, auditors, and other parties with experience in IFRS reporting. Additionally, representatives from the Financial Accounting Standards Board and the International Accounting Standards Board will be present as observers. The roundtable will be held in the auditorium of SEC headquarters at 100 F Street, NE., Washington, DC. The roundtable will be open to the public with seating on a first-come, first-served basis. The roundtable discussions also will be available via webcast on the SEC’s Web site at https://www.sec.gov. The roundtable agenda and other materials related to the roundtable, including a list of participants and moderators, will be accessible at https://www.sec.gov/spotlight/ ifrsroadmap.htm. The Commission welcomes feedback regarding any of the topics to be addressed at the roundtable. DATES: Comments should be received on or before August 11, 2008. ADDRESSES: Comments may be submitted by any of the following methods: Electronic Comments • Use the Commission’s Internet submission form (https://www.sec.gov/ rules/other.shtml); or • Send an e-mail to rulecomments@sec.gov. Please include File Number 4–564 on the subject line. pwalker on PROD1PC71 with NOTICES Paper Comments • Send paper comments in triplicate to Florence Harmon, Acting Secretary, Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549–1090. All submissions should refer to File No. 4–564. This file number should be included on the subject line if e-mail is used. To help us process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s Internet Web site (https:// www.sec.gov/rules/other.shtml). Comments 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 comments received will be posted without change; we do not edit personal VerDate Aug<31>2005 16:50 Aug 01, 2008 Jkt 214001 identifying information from submissions. You should submit only information that you wish to make available publicly. FOR FURTHER INFORMATION CONTACT: Liza McAndrew Moberg, Professional Accounting Fellow, at (202) 551–5300, Office of the Chief Accountant, Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549–6561. SUPPLEMENTARY INFORMATION: The Commission welcomes feedback regarding any of the topics to be addressed at the roundtable. The panel discussions will focus on: • An update on IFRS developments • Experience with the use of IFRS in practice, including during the recent period of market turmoil, more specifically: • Applying IFRS in the preparation of financial statements • Working with financial statements prepared pursuant to IFRS By the Commission. Dated: July 29, 2008. Florence E. Harmon, Acting Secretary. [FR Doc. E8–17763 Filed 8–1–08; 8:45 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–58244; File No. SR–FINRA– 2008–029] Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing of a Proposed Rule Change as Modified by Amendment No. 1 Thereto To Repeal NASD Rule 1130 and Incorporated NYSE Rules 405A, 440F, 440G and 477 as Part of the Process of Developing the Consolidated FINRA Rulebook July 29, 2008. 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 June 16, 2008, Financial Industry Regulatory Authority, Inc. (‘‘FINRA’’) (f/k/a National Association of Securities Dealers, Inc. (‘‘NASD’’)) 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 by FINRA. On July 15, 2008, FINRA filed Amendment No. 1 to the proposed rule change. The Commission is publishing this notice to solicit 1 15 2 17 PO 00000 U.S.C. 78s(b)(1). CFR 240.19b–4. Frm 00054 Fmt 4703 Sfmt 4703 comments on the proposed rule change, as amended, from interested persons. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change FINRA proposes a rule change to repeal NASD Rule 1130 (Reliance on Current Membership List) and incorporated NYSE Rules 405A (NonManaged Fee-Based Account Programs—Disclosure and Monitoring), 440F (Public Short Sale Transactions Effected on the Exchange), 440G (Transactions in Stocks and Warrants for the Accounts of Members, Allied Members and Member Organizations) and 477 (Retention of Jurisdiction— Failure to Cooperate) as part of the process of developing the consolidated FINRA rulebook. The text of the proposed rule change is available at FINRA, the Commission’s Public Reference Room, and https:// www.finra.org. II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, FINRA 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. FINRA 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 Background As part of the process of developing the new consolidated rulebook (‘‘Consolidated FINRA Rulebook’’),3 FINRA is proposing a rule change to repeal NASD Rule 1130 (Reliance on Current Membership List) and incorporated NYSE Rules 405A (NonManaged Fee-Based Account Programs—Disclosure and Monitoring), 440F (Public Short Sale Transactions 3 The current FINRA rulebook consists of two sets of rules: (1) NASD Rules and (2) rules incorporated from NYSE (‘‘Incorporated NYSE Rules’’) (together referred to as the ‘‘Transitional Rulebook’’). The Incorporated NYSE Rules apply only to those members of FINRA that are also members of the NYSE (‘‘Dual Members’’). Dual Members also must comply with NASD Rules. From more information about the rulebook consolidation process, see FINRA Information Notice, March 12, 2008 (‘‘Rulebook Consolidation Process’’). E:\FR\FM\04AUN1.SGM 04AUN1

Agencies

[Federal Register Volume 73, Number 150 (Monday, August 4, 2008)]
[Notices]
[Pages 45257-45258]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-17763]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release Nos. 33-8947; 34-58236; File No. 4-564]


Roundtable on International Financial Reporting Standards

AGENCY: Securities and Exchange Commission.

ACTION: Notice of roundtable discussion; request for comment.

-----------------------------------------------------------------------

SUMMARY: On August 4, 2008 from 1 p.m. to 5 p.m., the Securities and 
Exchange Commission will hold a

[[Page 45258]]

roundtable to discuss International Financial Reporting Standards 
(``IFRS'') and to update the Commission on IFRS developments, including 
the experience with use of IFRS during the recent period of market 
turmoil. The roundtable will be organized as two panels. The panels 
will include investors, issuers, auditors, and other parties with 
experience in IFRS reporting. Additionally, representatives from the 
Financial Accounting Standards Board and the International Accounting 
Standards Board will be present as observers.
    The roundtable will be held in the auditorium of SEC headquarters 
at 100 F Street, NE., Washington, DC. The roundtable will be open to 
the public with seating on a first-come, first-served basis. The 
roundtable discussions also will be available via webcast on the SEC's 
Web site at https://www.sec.gov. The roundtable agenda and other 
materials related to the roundtable, including a list of participants 
and moderators, will be accessible at https://www.sec.gov/spotlight/
ifrsroadmap.htm. The Commission welcomes feedback regarding any of the 
topics to be addressed at the roundtable.

DATES: Comments should be received on or before August 11, 2008.

ADDRESSES: Comments may be submitted by any of the following methods:

Electronic Comments

     Use the Commission's Internet submission form (https://
www.sec.gov/rules/other.shtml); or
     Send an e-mail to rule-comments@sec.gov. Please include 
File Number 4-564 on the subject line.

Paper Comments

     Send paper comments in triplicate to Florence Harmon, 
Acting Secretary, Securities and Exchange Commission, 100 F Street, 
NE., Washington, DC 20549-1090.
    All submissions should refer to File No. 4-564. This file number 
should be included on the subject line if e-mail is used. To help us 
process and review your comments more efficiently, please use only one 
method. The Commission will post all comments on the Commission's 
Internet Web site (https://www.sec.gov/rules/other.shtml). Comments 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 
comments 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: Liza McAndrew Moberg, Professional 
Accounting Fellow, at (202) 551-5300, Office of the Chief Accountant, 
Securities and Exchange Commission, 100 F Street, NE., Washington, DC 
20549-6561.

SUPPLEMENTARY INFORMATION: The Commission welcomes feedback regarding 
any of the topics to be addressed at the roundtable. The panel 
discussions will focus on:
     An update on IFRS developments
     Experience with the use of IFRS in practice, including 
during the recent period of market turmoil, more specifically:
     Applying IFRS in the preparation of financial statements
     Working with financial statements prepared pursuant to 
IFRS

    By the Commission.

    Dated: July 29, 2008.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8-17763 Filed 8-1-08; 8:45 am]
BILLING CODE 8010-01-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.