Order Approving Public Company Accounting Oversight Board Budget and Annual Accounting Support Fee for Calendar Year 2009, 78861-78862 [E8-30431]
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Federal Register / Vol. 73, No. 247 / Tuesday, December 23, 2008 / Notices
Dated at Rockville, Maryland, this 16th day
of December 2008.
For the Nuclear Regulatory Commission.
Mohan C. Thadani,
Senior Project Manager, Plant Licensing
Branch IV, Division of Operating Reactor
Licensing, Office of Nuclear Reactor
Regulation.
[FR Doc. E8–30474 Filed 12–22–08; 8:45 am]
BILLING CODE 7590–01–P
NUCLEAR REGULATORY
COMMISSION
Sunshine Federal Register Notice
AGENCY HOLDING THE MEETINGS: Nuclear
Regulatory Commission.
DATES: Weeks of December 22, 29, 2008;
January 5, 12, 19, 26, 2009.
PLACE: Commissioners’ Conference
Room, 11555 Rockville Pike, Rockville,
Maryland.
STATUS: Public and Closed.
Week of December 22, 2008—Tentative
There are no meetings scheduled for
the week of December 22, 2008.
Week of December 29, 2008—Tentative
There are no meetings scheduled for
the week of December 29, 2008.
Week of January 5, 2009—Tentative
There are no meetings scheduled for
the week of January 5, 2009.
Week of January 12, 2009—Tentative
There are no meetings scheduled for
the week of January 12, 2009.
The NRC Commission Meeting
Schedule can be found on the Internet
at: https://www.nrc.gov/about-nrc/policymaking/schedule.html.
*
*
*
*
*
The NRC provides reasonable
accommodation to individuals with
disabilities where appropriate. If you
need a reasonable accommodation to
participate in these public meetings, or
need this meeting notice or the
transcript or other information from the
public meetings in another format (e.g.
braille, large print), please notify the
NRC’s Disability Program Coordinator,
Rohn Brown, at (301) 492–2279, TDD:
(301) 415–2100, or by e-mail at
rohn.brown@nrc.gov. Determinations on
requests for reasonable accommodation
will be made on a case-by-case basis.
*
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This notice is distributed by mail to
several hundred subscribers; if you no
longer wish to receive it, or would like
to be added to the distribution, please
contact the Office of the Secretary,
Washington, DC 20555 (301–415–1969).
In addition, distribution of this meeting
notice over the Internet system is
available. If you are interested in
receiving this Commission meeting
schedule electronically, please send an
electronic message to
darlene.wright@nrc.gov.
of the United States Trade
Representative published a notice
entitled ‘‘Determination of Trade
Surplus in Certain Sugar and Syrup
Goods and Sugar Containing Products of
Chile, Morocco, the Dominican
Republic, El Salvador, Guatemala,
Honduras, and Nicaragua.’’ A correction
is being made to the information with
regard to the Dominican Republic at the
top of the first column on page 74212.
The calendar year to which the trade
surplus determination applies is
incorrect for the Dominican Republic.
The correct figure is CY2009, rather
than CY2008. All other information
remains unchanged and will not be
repeated in this correction.
FOR FURTHER INFORMATION CONTACT:
Leslie O’Connor, Office of Agricultural
Affairs, telephone: 202–395–6127 or
facsimile: 202–395–4579.
Dated: December 18, 2008.
R. Michelle Schroll,
Office of the Secretary.
[FR Doc. E8–30641 Filed 12–19–08; 11:15
am]
Order Approving Public Company
Accounting Oversight Board Budget
and Annual Accounting Support Fee
for Calendar Year 2009
BILLING CODE 7590–01–P
December 17, 2008.
Week of January 19, 2009—Tentative
There are no meetings scheduled for
the week of January 19, 2009.
OFFICE OF THE UNITED STATES
TRADE REPRESENTATIVE
Week of January 26, 2009—Tentative
Determination of Trade Surplus in
Certain Sugar and Syrup Goods and
Sugar Containing Products of Chile,
Morocco, the Dominican Republic, El
Salvador, Guatemala, Honduras, and
Nicaragua; Correction
There are no meetings scheduled for
the week of January 26, 2009.
*
*
*
*
*
* The schedule for Commission
meetings is subject to change on short
notice. To verify the status of meetings,
call (recording)—(301) 415–1292.
Contact person for more information:
Rochelle Bavol, (301) 415–1651.
*
*
*
*
*
Additional Information
By a vote of 4–0 on December 16,
2008, the Commission determined
pursuant to U.S.C. 552b(e) and 9.107(a)
of the Commission’s rules that
‘‘Discussion of Management Issues—
Closed—Ex.2)’’ be held December 17,
2008, and on less than one week’s
notice to the public.
*
*
*
*
*
VerDate Aug<31>2005
16:29 Dec 22, 2008
Jkt 217001
78861
USTR.
Notice; correction.
AGENCY:
ACTION:
SUMMARY: The Office of the United
States Trade Representative published a
document in the Federal Register of
December 5, 2008 concerning the
determination of the trade surplus in
certain sugar and syrup goods and sugar
containing products of Chile, Morocco,
the Dominican Republic, El Salvador,
Guatemala, Honduras and Nicaragua.
The document contained incorrect data.
Correction to Previous Notice
In the Federal Register of December 5,
2008, Volume 73, Page 74210, the Office
PO 00000
Frm 00141
Fmt 4703
Sfmt 4703
Leslie C. O’Connor,
Director, Agricultural Affairs.
[FR Doc. E8–30507 Filed 12–22–08; 8:45 am]
BILLING CODE 3190–W9–P
SECURITIES AND EXCHANGE
COMMISSION
[Securities Act of 1933 Release No. 8989/
Securities Exchange Act of 1934 Release
No. 59113]
The Sarbanes-Oxley Act of 2002 (the
‘‘Act’’) established the Public Company
Accounting Oversight Board (‘‘PCAOB’’)
to oversee the audits of public
companies and related matters, to
protect investors, and to further the
public interest in the preparation of
informative, accurate and independent
audit reports. The PCAOB is to
accomplish these goals through
registration of public accounting firms
and standard setting, inspection, and
disciplinary programs. Section 109 of
the Act provides that the PCAOB shall
establish a reasonable annual
accounting support fee, as may be
necessary or appropriate to establish
and maintain the PCAOB. Section
109(h) amends Section 13(b)(2) of the
Securities Exchange Act of 1934 to
require issuers to pay the allocable share
of a reasonable annual accounting
support fee or fees, determined in
accordance with Section 109 of the Act.
Under Section 109(f), the aggregate
annual accounting support fee shall not
exceed the PCAOB’s aggregate
‘‘recoverable budget expenses,’’ which
E:\FR\FM\23DEN1.SGM
23DEN1
78862
Federal Register / Vol. 73, No. 247 / Tuesday, December 23, 2008 / Notices
may include operating, capital and
accrued items. Section 109(b) of the Act
directs the PCAOB to establish a budget
for each fiscal year in accordance with
the PCAOB’s internal procedures,
subject to approval by the Securities and
Exchange Commission (the
‘‘Commission’’).
On July 18, 2006, the Commission
amended its Rules of Practice related to
its Informal and Other Procedures to
add a rule to facilitate the Commission’s
review and approval of PCAOB budgets
and accounting support fees.1 This
budget rule provides, among other
things, a timetable for the preparation
and submission of the PCAOB budget
and for Commission actions related to
each budget, a description of the
information that should be included in
each budget submission, limits on the
PCAOB’s ability to incur expenses and
obligations except as provided in the
approved budget, procedures relating to
supplemental budget requests,
requirements for the PCAOB to furnish
on a quarterly basis certain budgetrelated information, and a list of
definitions that apply to the rule and to
general discussions of PCAOB budget
matters.
In accordance with the budget rule, in
March 2008 the PCAOB provided the
Commission with a narrative
description of its program issues and
outlook for the 2009 budget year. In
response, the Commission staff
provided to the PCAOB staff economic
assumptions and budgetary guidance for
the 2009 budget year. The PCAOB
subsequently delivered a preliminary
budget and budget justification to the
Commission. Staff from the
Commission’s Offices of the Chief
Accountant and Executive Director
dedicated a substantial amount of time
to the review and analysis of the
PCAOB’s programs, projects and budget
estimates; reviewed the PCAOB’s
estimates of 2008 actual spending; and
attended several meetings with
management and staff of the PCAOB to
develop an understanding of the
PCAOB’s budget and operations. During
the course of the Commission’s review,
the Commission staff relied upon
representations and supporting
documentation from the PCAOB. Based
on this comprehensive review, the
Commission issued a ‘‘pass back’’ letter
to the PCAOB. The PCAOB approved its
2009 budget on November 25, 2008 and
submitted that budget for Commission
approval.
After considering the above, the
Commission did not identify any
1 17 CFR 202.11 See Release No. 33–8724 (July
18, 2006) [71 FR 41998 (July 24, 2006)].
VerDate Aug<31>2005
16:29 Dec 22, 2008
Jkt 217001
proposed disbursements in the 2009
budget adopted by the PCAOB that are
not properly recoverable through the
annual accounting support fee, and the
Commission believes that the aggregate
proposed 2009 annual accounting
support fee does not exceed the
PCAOB’s aggregate recoverable budget
expenses for 2009. The Commission
looks forward to the PCAOB’s annual
updating of its strategic plan and the
opportunity for the Commission to
review and provide views to the PCAOB
on a draft of the updated plan.
As part of its review of the 2009
PCAOB budget, the Commission notes
that there are certain budget-related
matters that should be addressed or
more closely monitored during 2009.
These matters relate to the PCAOB’s
inspections program, its information
technology programs, and
recommendations of the Department of
the Treasury’s Advisory Committee on
the Auditing Profession that relate to the
PCAOB. Because of the importance of
each of these matters, the Commission
deems it necessary to set forth the
following specific measures.
Accordingly, with respect to the
PCAOB’s 2010 budget cycle, the PCAOB
will:
(1) Include in its quarterly reports to
the Commission information on the
PCAOB’s fulfillment of its 2009
budgeted inspection plan. Such
information will include updated
statistics relative to the numbers and
types of firms budgeted and expected to
be inspected in 2009, including by
location and by year the inspections are
required to be conducted in accordance
with the Act and PCAOB rules. This
information also will include updates
on the PCAOB’s efforts to establish
cooperative arrangements with
respective non-U.S. authorities for
inspections required in those countries;
(2) Continue to include detailed
information about the state of the
PCAOB’s information technology in its
quarterly reports to the Commission,
including planned, estimated, and
actual costs for information technology
projects such as the proposed annual
and special reporting system and the
proposed inspections information
system; and
(3) Consult with the Commission
about the PCAOB’s plans for
implementing the recommendations of
the Department of Treasury’s Advisory
Committee on the Auditing Profession,
including estimated and actual costs for
each item proposed to be implemented.
The consultation will include the
PCAOB submitting a project plan and
justification to the Commission and the
opportunity for the Commission to
PO 00000
Frm 00142
Fmt 4703
Sfmt 4703
provide views to the PCAOB regarding
such plan.
The Commission has determined that
the PCAOB’s 2009 budget and annual
accounting support fee are consistent
with Section 109 of the Act.
Accordingly,
It is ordered, pursuant to Section 109
of the Act, that the PCAOB budget and
annual accounting support fee for
calendar year 2009 are approved.
By the Commission.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8–30431 Filed 12–22–08; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–59104; File No. SR–CBOE–
2008–117]
Self-Regulatory Organizations;
Chicago Board Options Exchange,
Incorporated; Notice of Filing of
Proposed Rule Change to Amend
Exchange Rule 4.21 Relating to Third
Party Deposits
December 15, 2008.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (the
‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on December
2, 2008, Chicago Board Options
Exchange, Incorporated (‘‘Exchange’’ or
‘‘CBOE’’) filed with the Securities and
Exchange Commission (the
‘‘Commission’’) the proposed rule
change as described in Items I, II, and
III below, which Items have been
prepared by the Exchange. The
Commission is publishing this notice to
solicit comments on the proposed rule
change from interested parties.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Chicago Board Options Exchange,
Incorporated (‘‘CBOE’’ or ‘‘Exchange’’)
proposes to amend CBOE Rule 4.21—
Third Party Deposits Prohibited, to add
an interpretation that includes certain
permissive deposits. The text of the
proposed rule change is available on the
Exchange’s Web site (https://
www.cboe.com/Legal), at the Exchange’s
Office of the Secretary, and at the
Commission.
1 15
2 17
E:\FR\FM\23DEN1.SGM
U.S.C. 78s(b)(1).
CFR 240.19b–4.
23DEN1
]]>Agencies
[Federal Register Volume 73, Number 247 (Tuesday, December 23, 2008)]
[Notices]
[Pages 78861-78862]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-30431]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Securities Act of 1933 Release No. 8989/Securities Exchange Act of
1934 Release No. 59113]
Order Approving Public Company Accounting Oversight Board Budget
and Annual Accounting Support Fee for Calendar Year 2009
December 17, 2008.
The Sarbanes-Oxley Act of 2002 (the ``Act'') established the Public
Company Accounting Oversight Board (``PCAOB'') to oversee the audits of
public companies and related matters, to protect investors, and to
further the public interest in the preparation of informative, accurate
and independent audit reports. The PCAOB is to accomplish these goals
through registration of public accounting firms and standard setting,
inspection, and disciplinary programs. Section 109 of the Act provides
that the PCAOB shall establish a reasonable annual accounting support
fee, as may be necessary or appropriate to establish and maintain the
PCAOB. Section 109(h) amends Section 13(b)(2) of the Securities
Exchange Act of 1934 to require issuers to pay the allocable share of a
reasonable annual accounting support fee or fees, determined in
accordance with Section 109 of the Act. Under Section 109(f), the
aggregate annual accounting support fee shall not exceed the PCAOB's
aggregate ``recoverable budget expenses,'' which
[[Page 78862]]
may include operating, capital and accrued items. Section 109(b) of the
Act directs the PCAOB to establish a budget for each fiscal year in
accordance with the PCAOB's internal procedures, subject to approval by
the Securities and Exchange Commission (the ``Commission'').
On July 18, 2006, the Commission amended its Rules of Practice
related to its Informal and Other Procedures to add a rule to
facilitate the Commission's review and approval of PCAOB budgets and
accounting support fees.\1\ This budget rule provides, among other
things, a timetable for the preparation and submission of the PCAOB
budget and for Commission actions related to each budget, a description
of the information that should be included in each budget submission,
limits on the PCAOB's ability to incur expenses and obligations except
as provided in the approved budget, procedures relating to supplemental
budget requests, requirements for the PCAOB to furnish on a quarterly
basis certain budget-related information, and a list of definitions
that apply to the rule and to general discussions of PCAOB budget
matters.
---------------------------------------------------------------------------
\1\ 17 CFR 202.11 See Release No. 33-8724 (July 18, 2006) [71 FR
41998 (July 24, 2006)].
---------------------------------------------------------------------------
In accordance with the budget rule, in March 2008 the PCAOB
provided the Commission with a narrative description of its program
issues and outlook for the 2009 budget year. In response, the
Commission staff provided to the PCAOB staff economic assumptions and
budgetary guidance for the 2009 budget year. The PCAOB subsequently
delivered a preliminary budget and budget justification to the
Commission. Staff from the Commission's Offices of the Chief Accountant
and Executive Director dedicated a substantial amount of time to the
review and analysis of the PCAOB's programs, projects and budget
estimates; reviewed the PCAOB's estimates of 2008 actual spending; and
attended several meetings with management and staff of the PCAOB to
develop an understanding of the PCAOB's budget and operations. During
the course of the Commission's review, the Commission staff relied upon
representations and supporting documentation from the PCAOB. Based on
this comprehensive review, the Commission issued a ``pass back'' letter
to the PCAOB. The PCAOB approved its 2009 budget on November 25, 2008
and submitted that budget for Commission approval.
After considering the above, the Commission did not identify any
proposed disbursements in the 2009 budget adopted by the PCAOB that are
not properly recoverable through the annual accounting support fee, and
the Commission believes that the aggregate proposed 2009 annual
accounting support fee does not exceed the PCAOB's aggregate
recoverable budget expenses for 2009. The Commission looks forward to
the PCAOB's annual updating of its strategic plan and the opportunity
for the Commission to review and provide views to the PCAOB on a draft
of the updated plan.
As part of its review of the 2009 PCAOB budget, the Commission
notes that there are certain budget-related matters that should be
addressed or more closely monitored during 2009. These matters relate
to the PCAOB's inspections program, its information technology
programs, and recommendations of the Department of the Treasury's
Advisory Committee on the Auditing Profession that relate to the PCAOB.
Because of the importance of each of these matters, the Commission
deems it necessary to set forth the following specific measures.
Accordingly, with respect to the PCAOB's 2010 budget cycle, the
PCAOB will:
(1) Include in its quarterly reports to the Commission information
on the PCAOB's fulfillment of its 2009 budgeted inspection plan. Such
information will include updated statistics relative to the numbers and
types of firms budgeted and expected to be inspected in 2009, including
by location and by year the inspections are required to be conducted in
accordance with the Act and PCAOB rules. This information also will
include updates on the PCAOB's efforts to establish cooperative
arrangements with respective non-U.S. authorities for inspections
required in those countries;
(2) Continue to include detailed information about the state of the
PCAOB's information technology in its quarterly reports to the
Commission, including planned, estimated, and actual costs for
information technology projects such as the proposed annual and special
reporting system and the proposed inspections information system; and
(3) Consult with the Commission about the PCAOB's plans for
implementing the recommendations of the Department of Treasury's
Advisory Committee on the Auditing Profession, including estimated and
actual costs for each item proposed to be implemented. The consultation
will include the PCAOB submitting a project plan and justification to
the Commission and the opportunity for the Commission to provide views
to the PCAOB regarding such plan.
The Commission has determined that the PCAOB's 2009 budget and
annual accounting support fee are consistent with Section 109 of the
Act. Accordingly,
It is ordered, pursuant to Section 109 of the Act, that the PCAOB
budget and annual accounting support fee for calendar year 2009 are
approved.
By the Commission.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8-30431 Filed 12-22-08; 8:45 am]
BILLING CODE 8011-01-P
