eMax Worldwide, Inc.; Order of Suspension of Trading, 20445 [2012-8165]
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Federal Register / Vol. 77, No. 65 / Wednesday, April 4, 2012 / Notices
basis for the financial statements that
would be filed pursuant to section 30 of
the Act. Under the requested relief,
Applicant will provide to its members:
(i) Annual audited financial statements
prepared in accordance with generally
accepted accounting principles and rule
1–02(d) of Regulation S–X; and (ii)
unaudited quarterly financial statements
prepared in accordance with generally
accepted accounting principles.
5. Applicant contends that the
following factors, among others, are
appropriate grounds for the requested
relief, particularly in view of the
provisions of the Act that will apply to
Applicant: (i) Sunwest Investors who
were eligible to receive interests in
Applicant, their counsel, investment
bankers and other advisors, as well as
the District Court and its appointed
mediators, were active participants in
designing and determining Applicant’s
structure; (ii) Applicant will continue to
be subject to the jurisdiction of the
District Court; (iii) transferability of
Applicant’s securities is severely
restricted; 13 (iv) Applicant has a limited
life and will liquidate upon the
liquidation of Blackstone LLC; and (v)
Applicant will not be engaged in the
business of investing, reinvesting or
trading in securities, and the only
securities that Applicant may hold are
its interests in Blackstone LLC and
Temporary Investments pending
distributions to Applicant’s members or
disbursements in payment of
Applicant’s obligations.
6. Accordingly, Applicant believes
that the issuance of the order pursuant
to sections 6(c) and 6(e) is appropriate
in the public interest, and consistent
with the protection of investors and the
purposes fairly intended by the policy
and provisions of the Act.
emcdonald on DSK29S0YB1PROD with NOTICES
Applicant’s Conditions
Applicant agrees that any order of the
Commission granting the requested
relief will be subject to the following
conditions:
1. Applicant will not own or hold
securities other than: (a) Interests in
Blackstone LLC and (b) Temporary
Investments.
2. Applicant will not offer additional
securities to its members, except in
connection with capital requests from
Blackstone LLC or to pay its expenses.
3. If Applicant sells additional
securities, such securities would be sold
at a price equal to or greater than the net
asset value of the securities at the time
of the offering.
13 Among
other restrictions, Applicant states that
it will limit transfers to transfers among members
or affiliates of members.
VerDate Mar<15>2010
15:28 Apr 03, 2012
Jkt 226001
4. Applicant’s governing documents
will not be amended to permit
Applicant’s securities to be freely
tradable.
5. Applicant will provide to its
members: (a) Quarterly unaudited
financial statements prepared in
accordance with generally accepted
accounting principles and (b) annual
audited financial statements prepared in
accordance with generally accepted
accounting principles and rule 1–02(d)
of Regulation S–X.
6. Applicant will be exempt until the
earlier of August 5, 2015 or such time
as Applicant no longer meets the
definition of an investment company
under the Act.
7. Applicant will not hold itself out as
an investment company.
For the Commission, by the Division of
Investment Management, under delegated
authority.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–8061 Filed 4–3–12; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[File No. 500–1]
eMax Worldwide, Inc.; Order of
Suspension of Trading
April 2, 2012.
It appears to the Securities and
Exchange Commission that the public
interest and the protection of investors
require a suspension of trading in the
securities of eMax Worldwide, Inc. (CIK:
0000830519) because there is a lack of
current and accurate information
concerning its securities. eMax
Worldwide, Inc. has failed to make
periodic filings with the Commission
and has more than 300 shareholders of
record. eMax Worldwide, Inc. is quoted
on OTC Markets Group Inc. under the
ticker EMXC.
The Commission is of the opinion that
the public interest and the protection of
investors require a suspension of trading
in the securities of eMax Worldwide,
Inc. Therefore, it is ordered, pursuant to
Section 12(k) of the Securities Exchange
Act of 1934, that trading in the
securities of eMax Worldwide, Inc. is
suspended for the period from 9:30 a.m.
EDT on April 2, 2012, through 11:59
p.m. EDT on April 16, 2012.
By the Commission.
Jill M. Peterson,
Assistant Secretary.
BILLING CODE 8011–01–P
PO 00000
Frm 00093
Fmt 4703
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–66679; File No. SR–FICC–
2012–03]
Self-Regulatory Organizations; Fixed
Income Clearing Corporation; Notice of
Filing of Proposed Rule Change to
Expand the One-Pot Cross-Margining
Program With New York Portfolio
Clearing, LLC to Certain ‘‘Market
Professionals’’
March 29, 2012.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’) 1 and Rule 19b–4 thereunder 2
notice is hereby given that on March 20,
2012, the Fixed Income Clearing
Corporation (‘‘FICC’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) the proposed change as
described in Items I and II below, which
Items have been prepared primarily by
FICC. The Commission is publishing
this notice to solicit comments on the
proposed change from interested
persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The proposed rule change consists of
modifications to certain rules of the
Government Securities Division
(‘‘GSD’’) of the Fixed Income Clearing
Corporation (‘‘FICC’’).
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission,
FICC 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. FICC has prepared
summaries, set forth in sections (A), (B),
and (C) below, of the most significant
aspects of these statements.3
(A) Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
FICC is proposing to expand its
existing one-pot cross-margining
program with New York Portfolio
1 15
[FR Doc. 2012–8165 Filed 4–2–12; 11:15 am]
Sfmt 4703
20445
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 The Commission has modified the text of the
summaries prepared by FICC.
2 17
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]]>Agencies
[Federal Register Volume 77, Number 65 (Wednesday, April 4, 2012)]
[Notices]
[Page 20445]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-8165]
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SECURITIES AND EXCHANGE COMMISSION
[File No. 500-1]
eMax Worldwide, Inc.; Order of Suspension of Trading
April 2, 2012.
It appears to the Securities and Exchange Commission that the
public interest and the protection of investors require a suspension of
trading in the securities of eMax Worldwide, Inc. (CIK: 0000830519)
because there is a lack of current and accurate information concerning
its securities. eMax Worldwide, Inc. has failed to make periodic
filings with the Commission and has more than 300 shareholders of
record. eMax Worldwide, Inc. is quoted on OTC Markets Group Inc. under
the ticker EMXC.
The Commission is of the opinion that the public interest and the
protection of investors require a suspension of trading in the
securities of eMax Worldwide, Inc. Therefore, it is ordered, pursuant
to Section 12(k) of the Securities Exchange Act of 1934, that trading
in the securities of eMax Worldwide, Inc. is suspended for the period
from 9:30 a.m. EDT on April 2, 2012, through 11:59 p.m. EDT on April
16, 2012.
By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2012-8165 Filed 4-2-12; 11:15 am]
BILLING CODE 8011-01-P
