In the Matter of Sintec Co. Ltd.: Order of Suspension of Trading, 31481-31482 [2010-13440]

Download as PDF sroberts on DSKD5P82C1PROD with NOTICES Federal Register / Vol. 75, No. 106 / Thursday, June 3, 2010 / Notices Management and Budget for extension and approval. Rule 12h–1(f) (17 CFR 240.12h–1) provides an exemption from the registration requirements of the Securities Exchange Act of 1934 for compensatory employee stock options of issuers that are not required to file periodic reports under the Exchange Act and that have 500 or more option holders and more than $10 million in assets at its most recently ended fiscal year. The information required under filed Rule 12h–1 is not filed with the Commission. Rule 12h–(f) permits issuers to provide the required information (other than the issuer’s books and records) to the option holders and holders of share received on exercise of compensatory employee stock options either by: (i) physical or electronic delivery of the information; and (ii) notice to the option holders and holders of shares received on exercise of compensatory employee stock options of the availability of the information on a password-protected Internet site. We estimate that it takes approximately 2 burden hours per response to provide the information required under Rule 12h–1 and that the information is filed by approximately 40 respondents. We estimate that 25% of the 2 hours per response (5 hours) is prepared by the company for a total annual reporting burden of 80 hours (.5 hours per response × 40 responses). Written comments are invited on: (a) Whether this proposed collection of information is necessary for the performance of the functions of the agency, including whether the information will have practical utility; (b) the accuracy of the agency’s estimate of the burden imposed by the collection of information; (c) ways to enhance the quality, utility, and clarity of the information collected; and (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology. Consideration will be given to comments and suggestions submitted in writing within 60 days of this publication. Please direct your written comment to Charles Boucher, Director/CIO, Securities and Exchange Commission, C/O Shirley Martinson, 6432 General Green Way, Alexandria, Virginia 22312; or send an e-mail to: PRA_Mailbox@sec.gov. Dated: May 26, 2010. Florence E. Harmon, Deputy Secretary. [FR Doc. 2010–13331 Filed 6–2–10; 8:45 am] BILLING CODE 8010–01–P VerDate Mar<15>2010 18:21 Jun 02, 2010 Jkt 220001 SECURITIES AND EXCHANGE COMMISSION Proposed Collection; Comment Request Upon Written Request, Copies Available From: Securities and Exchange Commission, Office of Investor Education and Advocacy, Washington, DC 20549– 0213. Extension: Regulation S–AM; SEC File No. 270–548; OMB Control No. 3235–0609. Notice is hereby given that pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange Commission (‘‘Commission’’) is soliciting comments on the collection of information provided for in Regulation S–AM (17 CFR part 248, subpart B), under the Fair and Accurate Credit Transactions Act of 2003 (Pub. L. 108–159, Section 214, 117 Stat. 1952 (2003)) (‘‘FACT Act’’), the Securities and Exchange Act of 1934 (15 U.S.C. 78a et seq.), the Investment Company Act of 1940 (15 U.S.C. 80a–1 et seq.), and the Investment Advisers Act of 1940 (15 U.S.C. 80b–1 et seq.). The Commission plans to submit this existing collection of information to the Office of Management and Budget for extension and approval. Regulation S–AM implements the requirements of Section 214 of the FACT Act as applied to brokers, dealers, and investment companies, as well as investment advisers and transfer agents that are registered with the Commission (collectively, ‘‘Covered Persons’’). As directed by Section 214 of the FACT Act, before a receiving affiliate may make marketing solicitations based on the communication of certain consumer financial information from a Covered Person, the Covered Person must provide a notice to each affected individual informing the individual of his or her right to prohibit such marketing. The regulation potentially applies to all of the approximately 21,466 Covered Persons registered with the Commission, although only approximately 12,021 of them have one or more corporate affiliates, and the regulation would require only approximately 2,147 of them to provide consumers with notice and an opt-out opportunity. The Commission staff estimates that there are approximately 12,021 Covered Persons having one or more affiliates, and that they would require an average one-time burden of 1 hour to review affiliate marketing practices, for a total of 12,021 hours, at a total staff cost of approximately $2,524,410. The staff also estimates that approximately 2,147 PO 00000 Frm 00070 Fmt 4703 Sfmt 4703 31481 Covered Persons would be required to provide notice and opt-out opportunities to consumers, and would incur an average first-year burden of 18 hours in doing so, for a total estimated first-year burden of 38,646 hours, at a total staff cost of approximately $10,279,836. With regard to continuing notice burdens, the staff estimates that each of the approximately 2,147 Covered Persons required to provide notice and opt-out opportunities to consumers would incur a burden of approximately 4 hours per year to create and deliver notices to new consumers and record any opt outs that are received on an ongoing basis, for a total of 8,588 hours, at a total staff cost of approximately $489,516 per year. Written comments are invited on: (a) Whether the proposed collection of information is necessary for the proper performance of the functions of the Commission, including whether the information shall have practical utility; (b) the accuracy of the Commission’s estimates of the burden of the proposed collection of information; (c) ways to enhance the quality, utility, and clarity of the information on respondents; and (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology. Consideration will be given to comments and suggestions submitted in writing within 60 days of this publication. Comments should be submitted in writing to: Charles Boucher, Director/ Chief Information Officer, Securities and Exchange Commission, c/o Shirley Martinson, 6432 General Green Way, Alexandria, VA 22312, or by e-mail to: PRA_Mailbox@sec.gov. Dated: May 26, 2010. Florence E. Harmon, Deputy Secretary. [FR Doc. 2010–13332 Filed 6–2–10; 8:45 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [File No. 500–1] In the Matter of Sintec Co. Ltd.: Order of Suspension of Trading June 1, 2010. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Sintec Co. Ltd. because it has not filed any periodic reports since the period ended December 31, 2001. E:\FR\FM\03JNN1.SGM 03JNN1 31482 Federal Register / Vol. 75, No. 106 / Thursday, June 3, 2010 / Notices 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 securities of the abovelisted company is suspended for the period from 9:30 a.m. EDT on June 1, 2010, through 11:59 p.m. EDT on June 14, 2010. By the Commission. Florence E. Harmon, Deputy Secretary. [FR Doc. 2010–13440 Filed 6–1–10; 4:15 pm] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; NYSE Amex LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Add Certain Violations of its Communications and Give-up Policies to its MRVP May 25, 2010. 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 May 12, 2010, NYSE Amex LLC (‘‘NYSE Amex’’ or the ‘‘Exchange’’) 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 persons. sroberts on DSKD5P82C1PROD with NOTICES I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend NYSE Amex Disciplinary Rule 476A to add Rule 36—NYSE Amex Equities (Communications Between Exchange and Members’ Offices) to Part 1A: List of Exchange Rule Violations and Fines Applicable Thereto (‘‘Minor Rule Violation Plan’’).3 The text of the proposed rule change is available on NYSE Amex’s Web site at https:// www.nyse.com, on the Commission’s U.S.C.78s(b)(1). CFR 240.19b–4. 3 The Exchange’s corporate affiliate, New York Stock Exchange LLC (‘‘NYSE’’), submitted a companion rule filing proposing corresponding amendments to NYSE Rule 476A. See SR–NYSE– 2010–37. 2 17 VerDate Mar<15>2010 18:21 Jun 02, 2010 Jkt 220001 building in a room adjacent to the NYSE Amex Options Trading Floor. II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change Rule 36—NYSE Amex Equities governs two primary areas: (i) communications between the Floor and other locations, and (ii) the use and/or possession of portable or wireless communication or trading devices. First, Rule 36—NYSE Amex Equities broadly prohibits members and member organizations from establishing or maintaining any telephonic or electronic communication between the Floor and any other location without Exchange approval. In addition, there are several supplementary provisions that provide more detailed prescriptions for members and member firms. Rule 36.10—NYSE Amex Equities advises members and member organizations that the phone company will not install or disconnect any line between the Floor and any other location without Exchange approval and that such requests should be sent to the Exchange’s Market Operations Division. Rule 36.60—NYSE Amex Equities further prohibits members and member organizations from listing a phone line in the name of a non-member. Rule 36.20—NYSE Amex Equities provides that Floor brokers may maintain a phone line at their booth locations on the Floor, or use an Exchange issued and authorized portable phone, to communicate with non-members off the Floor. Only Exchange issued and authorized portable phones may be used on the Floor in accordance with the prescriptions of Rule 36.21—NYSE Amex Equities, and the use of personal phones is expressly prohibited. Rule 36.21—NYSE Amex Equities provides that Floor brokers using an Exchange issued and authorized portable phone may communicate directly from the point of sale on the Floor with someone off-Floor. In addition to processing orders, Floor brokers may also provide ‘‘market look’’ observations over the phone. When taking orders over the phone, Floor brokers must comply with Rule 123(e)—NYSE Amex Equities, which requires entry of the order into an electronic system, as well as any and all other record retention requirements under Rule 440—NYSE Amex Equities and SEC Rules 17a–3 and 17a–4. Exchange issued phones do not permit call-forwarding or call-waiting and may not block a caller’s identification. Floor brokers may not use an Exchange authorized and provided portable phone used to trade equities while on the Exchange’s Options Trading Floor. In its filing with the Commission, the self-regulatory organization 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 those statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant parts of such statements. A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change [Release No. 34–62168; File No. SR– NYSEAmex–2010–44] 1 15 Web site at https://www.sec.gov, at NYSE Amex, and at the Commission’s Public Reference Room. 1. Purpose The Exchange proposes to amend NYSE Amex Disciplinary Rule 476A to add Rule 36—NYSE Amex Equities (Communications Between Exchange and Members’ Offices) to Part 1A of its Minor Rule Violation Plan. Background Effective October 1, 2008, NYSE Euronext, acquired the parent company of the Exchange’s predecessor, the American Stock Exchange LLC, pursuant to an Agreement and Plan of Merger (the ‘‘Merger’’).4 In connection with the Merger, on December 1, 2008, the Exchange relocated all equities trading conducted on its legacy trading systems and facilities located at 86 Trinity Place, New York, New York to systems and facilities located at 11 Wall Street, New York, New York (the ‘‘Equities Relocation’’).5 Similarly, on March 2, 2009, the Exchange relocated all its options trading to trading systems and facilities located at 11 Wall Street, New York, New York (the ‘‘Options Relocation’’).6 As a result of the Equities and Options Relocations, the NYSE and NYSE Amex Equities Trading Floors are located within the 11 Wall Street 4 See Securities Exchange Act Release No. 58673 (September 29, 2008), 73 FR 57707 (October 3, 2008) (SR–NYSE–2008–60 and SR–Amex–2008–62) (order approving the Merger). 5 See Securities Exchange Act Release No. 58705 (October 1, 2008), 73 FR 58995 (October 8, 2008) (SR–Amex–2008–63) (order approving the Equities Relocation). 6 See Securities Exchange Act Release No. 59472 (February 27, 2009), 74 FR 9843 (March 6, 2009) (SR–NYSEALTR–2008–14) (order approving the Options Relocation). PO 00000 Frm 00071 Fmt 4703 Sfmt 4703 Current Rule 36—NYSE Amex Equities E:\FR\FM\03JNN1.SGM 03JNN1

Agencies

[Federal Register Volume 75, Number 106 (Thursday, June 3, 2010)]
[Notices]
[Pages 31481-31482]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-13440]


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SECURITIES AND EXCHANGE COMMISSION

 [File No. 500-1]


In the Matter of Sintec Co. Ltd.: Order of Suspension of Trading

June 1, 2010.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Sintec Co. Ltd. because it has not filed any periodic reports since the 
period ended December 31, 2001.

[[Page 31482]]

    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 securities of the above-listed company is suspended for 
the period from 9:30 a.m. EDT on June 1, 2010, through 11:59 p.m. EDT 
on June 14, 2010.

    By the Commission.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-13440 Filed 6-1-10; 4:15 pm]
BILLING CODE 8010-01-P
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