Sunshine Act Meeting, 50661 [E8-19857]

Download as PDF Federal Register / Vol. 73, No. 167 / Wednesday, August 27, 2008 / Notices filed by 1,170 respondents for a total of 3,510 annual burden hours. Written comments regarding the above information should be directed to the following persons: (i) Desk Officer for the Securities and Exchange Commission, Office of Information and Regulatory Affairs, Office of Management and Budget, Room 10102, New Executive Office Building, Washington, DC 20503 or send an email to Alexander_T._Hunt@omb.eop.gov; and (ii) Lewis W. Walker, Acting 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. Comments must be submitted to OMB within 30 days of this notice. Dated: August 20, 2008. Florence E. Harmon, Acting Secretary. [FR Doc. E8–19820 Filed 8–26–08; 8:45 am] BILLING CODE 8010–01–P Dated: August 22, 2008. Florence E. Harmon, Acting Secretary. [FR Doc. E8–19857 Filed 8–26–08; 8:45 am] SECURITIES AND EXCHANGE COMMISSION sroberts on PROD1PC70 with NOTICES Sunshine Act Meeting BILLING CODE 8010–01–P 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 an Open Meeting on August 27, 2008 at 10 a.m., in the Auditorium, Room L–002. Commissioner Paredes, as duty officer, determined that no earlier notice thereof was possible. The subject matter of the Open Meeting will be: 1. The Commission will consider whether to adopt amendments to its rules regarding the circumstances under which a foreign private issuer is required to register a class of equity securities under Section 12(g) of the Exchange Act. 2. The Commission will consider whether to adopt amendments to the forms and rules applicable to foreign private issuers that are intended to enhance the information that is available to investors. 3. The Commission will consider whether to adopt revisions to the current exemptions for cross-border business combination transactions and rights offerings to expand and enhance the usefulness of the exemptions, and to adopt changes to the beneficial ownership reporting rules to permit certain foreign institutions to file reports on a shorter form. The Commission also will consider whether to publish VerDate Aug<31>2005 18:52 Aug 26, 2008 interpretive guidance on issues related to cross-border transactions. 4. The Commission will consider whether to propose a Roadmap for the potential use by U.S. issuers for purposes of their filings with the Commission of financial statements prepared in accordance with International Financial Reporting Standards (‘‘IFRS’’) as issued by the International Accounting Standards Board. As part of the Roadmap, the Commission will also consider whether to propose amendments to various rules and forms that would permit early use of IFRS by a limited number of U.S. issuers. 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. Jkt 214001 50661 comments on the rule change from interested parties. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The purpose of the rule change is to (i) modify record layouts for the Collateral Loan System to comply with the new Symbology series key defined by the Options Symbology Initiative (‘‘OSI’’) and (ii) implement record layout changes that will allow The Options Clearing Corporation (‘‘OCC’’) members to process collateral loan transactions directly against OCC subaccounts.4 II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, DTC 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. DTC has prepared summaries, set forth in sections (A), (B), and (C) below, of the most significant aspects of these statements.5 SECURITIES AND EXCHANGE COMMISSION (A) Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change [Release No. 34–58407; File No. SR–DTC– 2008–10] 1. Options Symbology Initiative Self-Regulatory Organizations; The Depository Trust Company; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Make Technical Changes to the Collateral Loan System August 21, 2008. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’),1 notice is hereby given that on August 1, 2008, The Depository Trust Company (‘‘DTC’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change described in Items I, II, and III below, which items have been prepared primarily by DTC. DTC filed the proposal pursuant to Section 19(b)(3)(A)(iii) of the Act 2 and Rule 19b–4(f)(4) 3 thereunder so that the proposal was effective upon filing with the Commission. The Commission is publishing this notice to solicit 1 15 U.S.C. 78s(b)(1). U.S.C. 78s(b)(3)(A)(iii). 3 17 CFR 240.19b–4(f)(4). 2 15 PO 00000 Frm 00075 Fmt 4703 Sfmt 4703 Currently organizations that support trading in listed options typically use a three to five alpha character representation. The first three characters identify the option root symbol, and the remaining two alpha characters identify the expiration month, call/put indicator, and strike price. In an effort to standardize option symbols and overhaul the existing method of identifying exchange-listed options contracts, OCC is spearheading an industry-wide adoption of the OSI.6 The OSI supports the elimination of alpha codes that are currently used to denote expiration month, call/put code, and strike price. As a result, DTC is proposing to modify its record layouts for DTC’s Collateral Loan System to 4 For more information regarding the record layout changes, see DTC Important Notice B 3577– 08. https://www.dtcc.com/downloads/legal/ imp_notices/2008/dtc/set/3577–08.pdf. 5 The Commission has modified the text of the summaries prepared by DTC. 6 For more information about The Options Clearing Corporation’s Options Symbology Initiative see the most recent plan at https:// www.theocc.com/initiatives/symbology/ implementation_plan.jsp. E:\FR\FM\27AUN1.SGM 27AUN1

Agencies

[Federal Register Volume 73, Number 167 (Wednesday, August 27, 2008)]
[Notices]
[Page 50661]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-19857]


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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 an Open Meeting on August 27, 2008 at 
10 a.m., in the Auditorium, Room L-002.
    Commissioner Paredes, as duty officer, determined that no earlier 
notice thereof was possible.
    The subject matter of the Open Meeting will be:
    1. The Commission will consider whether to adopt amendments to its 
rules regarding the circumstances under which a foreign private issuer 
is required to register a class of equity securities under Section 
12(g) of the Exchange Act.
    2. The Commission will consider whether to adopt amendments to the 
forms and rules applicable to foreign private issuers that are intended 
to enhance the information that is available to investors.
    3. The Commission will consider whether to adopt revisions to the 
current exemptions for cross-border business combination transactions 
and rights offerings to expand and enhance the usefulness of the 
exemptions, and to adopt changes to the beneficial ownership reporting 
rules to permit certain foreign institutions to file reports on a 
shorter form. The Commission also will consider whether to publish 
interpretive guidance on issues related to cross-border transactions.
    4. The Commission will consider whether to propose a Roadmap for 
the potential use by U.S. issuers for purposes of their filings with 
the Commission of financial statements prepared in accordance with 
International Financial Reporting Standards (``IFRS'') as issued by the 
International Accounting Standards Board. As part of the Roadmap, the 
Commission will also consider whether to propose amendments to various 
rules and forms that would permit early use of IFRS by a limited number 
of U.S. issuers.
    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: August 22, 2008.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8-19857 Filed 8-26-08; 8:45 am]
BILLING CODE 8010-01-P
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