Roundtable on Mark-to-Market Accounting, 63527 [E8-25387]

Download as PDF Federal Register / Vol. 73, No. 207 / Friday, October 24, 2008 / Notices ending on the last day of the month ended immediately prior to the most recent distribution declaration date,3 expressed as a percentage of NAV per share as of such date, is no more than 1 percentage point greater than the fund’s average annual total return for the 5-year period ending on such date; 4 and 2. The transmittal letter accompanying any registration statement filed with the Commission in connection with such offering discloses that the fund has received an Order under section 19(b) to permit it to make periodic distributions of long-term capital gains with respect to its common stock as frequently as twelve times each year, and as frequently as distributions are specified in accordance with the terms of any outstanding preferred stock that such fund may issue. VII. Amendments to Rule 19b–1 The requested relief will expire on the effective date of any amendment to rule 19b–1 that provides relief permitting certain closed-end investment companies to make periodic distributions of long-term capital gains with respect to their outstanding common shares as frequently as twelve times each year. For the Commission, by the Division of Investment Management, under delegated authority. Florence E. Harmon, Acting Secretary. [FR Doc. E8–25361 Filed 10–23–08; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release Nos. 33–8980; 34–58813; File No. 4–573] Roundtable on Mark-to-Market Accounting Securities and Exchange Commission. ACTION: Notice of roundtable discussion; request for comment. AGENCY: jlentini on PROD1PC65 with NOTICES SUMMARY: On October 29, 2008 from 9 a.m. to 1 p.m., the Securities and Exchange Commission will hold a roundtable to discuss mark-to-market accounting and the recent period of market turmoil. The roundtable will be organized as two panels. The panels will include investors, issuers, auditors, 3 If the fund has been in operation fewer than two years, the measured period will begin immediately following the fund’s first public offering. 4 If the fund has been in operation fewer than five years, the measured period will begin immediately following the fund’s first public offering. VerDate Aug<31>2005 16:48 Oct 23, 2008 Jkt 217001 63527 and other parties with experience in mark-to-market accounting. Additionally, representatives from the Financial Accounting Standards Board, the International Accounting Standards Board and the Public Company Accounting Oversight 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 http://www.sec.gov. The roundtable agenda and other materials related to the roundtable, including a list of participants and moderators, will be accessible at http:// www.sec.gov/spotlight/fairvalue.htm. The Commission welcomes feedback regarding any of the topics to be addressed at the roundtable. DATES: Comments should be received on or before October 28, 2008. ADDRESSES: Comments may be submitted by any of the following methods: (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: • The effects of mark-to-market accounting on financial reporting by financial institutions. • Potential market behavior effects from mark-to-market accounting. • The usefulness of mark-to-market accounting to investors and regulators. • Aspects of the current accounting standards that can be improved. Electronic Comments • Use the Commission’s Internet submission form (http://www.sec.gov/ rules/other.shtml); or • Send an e-mail to rulecomments@sec.gov. Please include File Number 4–573 on the subject line. [Release No. 34–58814; File No. SR–Amex– 2008–53] 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. 4–573. 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 (http:// 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: Bert Fox or Liza McAndrew Moberg, Professional Accounting Fellows, at PO 00000 Frm 00103 Fmt 4703 Sfmt 4703 By the Commission. Dated: October 20, 2008. Jill M. Peterson, Assistant Secretary. [FR Doc. E8–25387 Filed 10–23–08; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; American Stock Exchange LLC; Order Granting Approval of Proposed Rule Change Related to Amendments to Rule 925 (Confirmations) and Rule 921 (Opening of Accounts) October 20, 2008. On June 26, 2008, the American Stock Exchange LLC (the ‘‘Amex’’ or the ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’) a proposed rule change pursuant to section 19(b)(1) of the Securities Exchange Act of 1934 (the ‘‘Exchange Act’’) 1 and Rule 19b–4 thereunder.2 Notice of the proposal was published for comment in the Federal Register on September 12, 2008.3 The Commission received no comments on the proposed rule change. This order approves the proposed rule change. I. Description of the Proposed Rule Change The Exchange proposed to amend Amex Rule 925 to clarify that written confirmations relating to options transactions are not required to specify the options exchange or exchanges on which such options contracts were executed. The Exchange further 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Securities Exchange Act Release No. 58466 (Sept. 5, 2008) 73 FR 53057 (Sept. 12, 2008). 2 17 E:\FR\FM\24OCN1.SGM 24OCN1

Agencies

[Federal Register Volume 73, Number 207 (Friday, October 24, 2008)]
[Notices]
[Page 63527]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-25387]


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

SECURITIES AND EXCHANGE COMMISSION

[Release Nos. 33-8980; 34-58813; File No. 4-573]


Roundtable on Mark-to-Market Accounting

AGENCY: Securities and Exchange Commission.

ACTION: Notice of roundtable discussion; request for comment.

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

SUMMARY: On October 29, 2008 from 9 a.m. to 1 p.m., the Securities and 
Exchange Commission will hold a roundtable to discuss mark-to-market 
accounting and 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 mark-to-market 
accounting. Additionally, representatives from the Financial Accounting 
Standards Board, the International Accounting Standards Board and the 
Public Company Accounting Oversight 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 http://www.sec.gov. The roundtable agenda and other 
materials related to the roundtable, including a list of participants 
and moderators, will be accessible at http://www.sec.gov/spotlight/
fairvalue.htm. The Commission welcomes feedback regarding any of the 
topics to be addressed at the roundtable.

DATES: Comments should be received on or before October 28, 2008.

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

Electronic Comments

     Use the Commission's Internet submission form (http://
www.sec.gov/rules/other.shtml); or
     Send an e-mail to rule-comments@sec.gov. Please include 
File Number 4-573 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. 4-573. 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 (http://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: Bert Fox or Liza McAndrew Moberg, 
Professional Accounting Fellows, 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:
     The effects of mark-to-market accounting on financial 
reporting by financial institutions.
     Potential market behavior effects from mark-to-market 
accounting.
     The usefulness of mark-to-market accounting to investors 
and regulators.
     Aspects of the current accounting standards that can be 
improved.

    By the Commission.

    Dated: October 20, 2008.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. E8-25387 Filed 10-23-08; 8:45 am]
BILLING CODE 8011-01-P