Listing Standards for Compensation Committees, 25273-25274 [2011-10868]

Download as PDF Federal Register / Vol. 76, No. 86 / Wednesday, May 4, 2011 / Proposed Rules Issued in Kansas City, Missouri, on April 27, 2011. John Colomy, Acting Manager, Small Airplane Directorate, Aircraft Certification Service. [FR Doc. 2011–10818 Filed 5–3–11; 8:45 am] BILLING CODE 4910–13–P SECURITIES AND EXCHANGE COMMISSION srobinson on DSKHWCL6B1PROD with PROPOSALS 17 CFR Parts 229 and 240 [Release Nos. 33–9203; 34–64366; File No. S7–13–11] RIN 3235–AK95 Listing Standards for Compensation Committees Securities and Exchange Commission. AGENCY: VerDate Mar<15>2010 17:53 May 03, 2011 Proposed rule; extension of comment period. ACTION: Appendix 2 to Docket No. FAA–2011–0450 Airworthiness Limitations for the Flint Aero, Inc. Airplane Flight Manual Supplement ‘‘MAINTAIN AT LEAST 12 GAL OF FUEL IN EACH WING TIP FUEL TANK FOR AIRPLANE WEIGHTS AT OR ABOVE 4,330 LBS.’’ Jkt 223001 The Securities and Exchange Commission is extending the comment period for a release proposing a new rule and rule amendments to implement the provisions of Section 952 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which added Section 10C to the Securities Exchange Act of 1934 (the ‘‘Exchange Act’’). [Release No. 33–9199; 76 FR 18966 (April 6, 2011)]. The original comment period for Release 33–9199 is scheduled to end on April 29, 2011. The Commission is extending the time period in which to provide the Commission with comments on that release to May 19, 2011. This action will allow interested persons additional time to analyze the issues and prepare their comments. SUMMARY: Comments should be received on or before May 19, 2011. DATES: Comments may be submitted by any of the following methods: ADDRESSES: PO 00000 Frm 00015 Fmt 4702 Sfmt 4702 Electronic Comments • Use the Commission’s Internet comment form (http://www.sec.gov/ rules/proposed.shtml); • Send an e-mail to rulecomments@sec.gov; or • Use the Federal Rulemaking ePortal (http://www.regulations.gov). Follow the instructions for submitting comments. Paper Comments • Send paper comments in triplicate to Elizabeth M. Murphy, Secretary, U.S. Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549–1090. All submissions should refer to File Number S7–13–11. 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/ proposed.shtml). Comments are also available for Web site viewing and printing in the Commission’s Public Reference Room, 100 F Street, NE., Washington, DC 20549, on official business days between the hours of E:\FR\FM\04MYP1.SGM 04MYP1 EP04MY11.010</GPH> BILLING CODE 4910–13–C 25273 srobinson on DSKHWCL6B1PROD with PROPOSALS 25274 Federal Register / Vol. 76, No. 86 / Wednesday, May 4, 2011 / Proposed Rules 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: N. Sean Harrison, Special Counsel, at (202) 551–3430, in the Office of Rulemaking, Division of Corporation Finance, U.S. Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549–3628. SUPPLEMENTARY INFORMATION: The Commission has requested comment on a release proposing a new rule and rule amendments to implement the provisions of Section 952 of the DoddFrank Wall Street Reform and Consumer Protection Act of 2010, which added Section 10C to the Exchange Act. Section 10C requires the Commission to adopt rules directing the national securities exchanges (the ‘‘exchanges’’) and national securities associations to prohibit the listing of any equity security of an issuer that is not in compliance with Section 10C’s compensation committee and compensation adviser requirements. In accordance with the statute, the proposed rule would direct the exchanges to establish listing standards that, among other things, require each member of a listed issuer’s compensation committee to be a member of the board of directors and to be ‘‘independent,’’ as defined in the listing standards of the exchanges adopted in accordance with the proposed rule. In addition, Section 10C(c)(2) of the Exchange Act requires the Commission to adopt new disclosure rules concerning the use of compensation consultants and conflicts of interest. The Commission approved the proposal at an open meeting on March 30, 2011, and the release was posted on the Commission’s Web site on that date. The release was published in the Federal Register on April 6, 2011. The Commission originally requested that comments on the release be received by April 29, 2011. A commentator has asked that the Commission extend the period of time for public comment on the proposing release.1 After considering the request and the issues presented by the release, the Commission believes that providing the public additional time to consider the matters addressed by the release and to submit responses to the release would 1 See letter from Center for Capital Markets Competitiveness of the U.S. Chamber of Commerce (Apr. 15, 2011). Comments are available on the Commission’s Internet Web site at http:// www.sec.gov/comments/s7-13-11/s71311.shtml. VerDate Mar<15>2010 18:50 May 03, 2011 Jkt 223001 benefit the Commission in its consideration of final rules. Therefore, the Commission is extending the comment period for Release No. 33–9199, ‘‘Listing Standards for Compensation Committees,’’ to May 19, 2011. Dated: April 29, 2011. By the Commission. Cathy H. Ahn, Deputy Secretary. [FR Doc. 2011–10868 Filed 5–3–11; 8:45 am] BILLING CODE 8011–01–P COMMODITY FUTURES TRADING COMMISSION 17 CFR Chapter I Reopening and Extension of Comment Periods for Rulemakings Implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act Commodity Futures Trading Commission. ACTION: Reopening and extension of comment periods. AGENCY: Since the enactment of the Wall Street Reform and Consumer Protection Act (the ‘‘Dodd-Frank Act’’) on July 21, 2010, the Commodity Futures Trading Commission (‘‘Commission’’) has published in the Federal Register a significant number of notices of proposed rulemaking to implement the provisions of the DoddFrank Act that establish a comprehensive new framework for the regulation of swaps. In order to provide interested parties with an additional opportunity to participate in these Dodd-Frank Act rulemakings and comment on the proposed new regulatory framework, the Commission is reopening or extending the comment period for many of its proposed rulemakings. The Commission is also requesting comment on the order in which it should consider final rulemakings made under the DoddFrank Act. DATES: For those rulemakings listed herein for which the comment period has closed at the time of publication of this notice, the comment period is reopened until June 3, 2011. For those rulemakings listed herein for which the comment period closes during the extension’s comment period, the comment period is extended until June 3, 2011. The comment period of any rulemaking subject of this extension that closes after the extension’s comment period shall remain open until the originally published closing date. All SUMMARY: PO 00000 Frm 00016 Fmt 4702 Sfmt 4702 comments that were received after the close of the originally established comment period of each of the reopened rulemakings will be treated as if they were received during the reopened comment periods and need not be resubmitted. The comment period regarding the order in which the Commission should consider final rules will be open until June 3, 2011. ADDRESSES: Comments may be submitted by any of the following methods: • Agency Web site, via its Comments Online process at http:// comments.cftc.gov. Follow the instructions for submitting comments through the Web site, and submit all comments through the ‘‘submit comment’’ link associated with this extension. • Mail: Send to David A. Stawick, Secretary, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, NW., Washington, DC 20581. • Hand Delivery/Courier: Same as mail above. Please submit your comments using only one method. You may submit comments on individual rulemakings subject of this extension, on the intersection of more than one rulemaking, or on the proposed rulemakings from a global perspective. Comments may be submitted on any individual rulemaking, on any combination of rulemakings, or on the order and timing of the Commission’s final rulemakings, including the effective and compliance dates that may be appropriate for the various rulemakings. To ensure that your comments are considered to the fullest extent possible by the Commission, you should identify each of the proposed rulemakings to which your comment applies by providing the name and RIN number associated with each rulemaking. Rulemaking RIN numbers may be found on the Commission’s Web site at http://comments.cftc.gov/ PublicComments/ ReleasesWithComments.aspx. Comments that address the rulemakings from a global perspective should be identified with the phrase ‘‘global comment’’ in the subject line. Additionally, as provided above, all comments submitted through the Commission’s Comments Online process should be transmitted via the ‘‘submit comment’’ link associated with this rulemaking. You need not, and to ensure that all comments addressing more than one rulemaking are E:\FR\FM\04MYP1.SGM 04MYP1

Agencies

[Federal Register Volume 76, Number 86 (Wednesday, May 4, 2011)]
[Proposed Rules]
[Pages 25273-25274]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-10868]


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SECURITIES AND EXCHANGE COMMISSION

17 CFR Parts 229 and 240

[Release Nos. 33-9203; 34-64366; File No. S7-13-11]
RIN 3235-AK95


Listing Standards for Compensation Committees

AGENCY: Securities and Exchange Commission.

ACTION: Proposed rule; extension of comment period.

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SUMMARY: The Securities and Exchange Commission is extending the 
comment period for a release proposing a new rule and rule amendments 
to implement the provisions of Section 952 of the Dodd-Frank Wall 
Street Reform and Consumer Protection Act of 2010, which added Section 
10C to the Securities Exchange Act of 1934 (the ``Exchange Act''). 
[Release No. 33-9199; 76 FR 18966 (April 6, 2011)]. The original 
comment period for Release 33-9199 is scheduled to end on April 29, 
2011. The Commission is extending the time period in which to provide 
the Commission with comments on that release to May 19, 2011. This 
action will allow interested persons additional time to analyze the 
issues and prepare their comments.

DATES: Comments should be received on or before May 19, 2011.

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

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/proposed.shtml);
     Send an e-mail to rule-comments@sec.gov; or
     Use the Federal Rulemaking ePortal (http://www.regulations.gov). Follow the instructions for submitting comments.

Paper Comments

     Send paper comments in triplicate to Elizabeth M. Murphy, 
Secretary, U.S. Securities and Exchange Commission, 100 F Street, NE., 
Washington, DC 20549-1090.

All submissions should refer to File Number S7-13-11. 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/proposed.shtml). Comments 
are also available for Web site viewing and printing in the 
Commission's Public Reference Room, 100 F Street, NE., Washington, DC 
20549, on official business days between the hours of

[[Page 25274]]

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: N. Sean Harrison, Special Counsel, at 
(202) 551-3430, in the Office of Rulemaking, Division of Corporation 
Finance, U.S. Securities and Exchange Commission, 100 F Street, NE., 
Washington, DC 20549-3628.

SUPPLEMENTARY INFORMATION: The Commission has requested comment on a 
release proposing a new rule and rule amendments to implement the 
provisions of Section 952 of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act of 2010, which added Section 10C to the 
Exchange Act. Section 10C requires the Commission to adopt rules 
directing the national securities exchanges (the ``exchanges'') and 
national securities associations to prohibit the listing of any equity 
security of an issuer that is not in compliance with Section 10C's 
compensation committee and compensation adviser requirements. In 
accordance with the statute, the proposed rule would direct the 
exchanges to establish listing standards that, among other things, 
require each member of a listed issuer's compensation committee to be a 
member of the board of directors and to be ``independent,'' as defined 
in the listing standards of the exchanges adopted in accordance with 
the proposed rule. In addition, Section 10C(c)(2) of the Exchange Act 
requires the Commission to adopt new disclosure rules concerning the 
use of compensation consultants and conflicts of interest. The 
Commission approved the proposal at an open meeting on March 30, 2011, 
and the release was posted on the Commission's Web site on that date. 
The release was published in the Federal Register on April 6, 2011.
    The Commission originally requested that comments on the release be 
received by April 29, 2011. A commentator has asked that the Commission 
extend the period of time for public comment on the proposing 
release.\1\ After considering the request and the issues presented by 
the release, the Commission believes that providing the public 
additional time to consider the matters addressed by the release and to 
submit responses to the release would benefit the Commission in its 
consideration of final rules. Therefore, the Commission is extending 
the comment period for Release No. 33-9199, ``Listing Standards for 
Compensation Committees,'' to May 19, 2011.
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    \1\ See letter from Center for Capital Markets Competitiveness 
of the U.S. Chamber of Commerce (Apr. 15, 2011). Comments are 
available on the Commission's Internet Web site at http://www.sec.gov/comments/s7-13-11/s71311.shtml.

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    Dated: April 29, 2011.

    By the Commission.
Cathy H. Ahn,
Deputy Secretary.
[FR Doc. 2011-10868 Filed 5-3-11; 8:45 am]
BILLING CODE 8011-01-P