In the Matter of K's Media, File No. 500-1; Order of Suspension of Trading, 54934 [2013-21839]
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54934
Federal Register / Vol. 78, No. 173 / Friday, September 6, 2013 / Notices
meeting (Release No. 33–9445),
indicating that the meeting is open to
the public and inviting the public to
submit written comments to the
Committee. This Sunshine Act notice is
being issued because a majority of the
Commission may attend the meeting.
The agenda for the meeting includes
matters relating to rules and regulations
affecting small and emerging companies
under the federal securities laws.
For further information, please
contact the Office of the Secretary at
(202) 551–5400.
Dated: September 3, 2013.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2013–21790 Filed 9–4–13; 11:15 am]
BILLING CODE 8011–01–P
has not filed any periodic reports since
the period ended March 31, 2012.
It appears to the Securities and
Exchange Commission that there is a
lack of current and accurate information
concerning the securities of China WiMax Communications, Inc. because it
has not filed any periodic reports since
the period ended June 30, 2011.
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
companies. Therefore, it is ordered,
pursuant to Section 12(k) of the
Securities Exchange Act of 1934, that
trading in the securities of the abovelisted companies is suspended for the
period from 9:30 a.m. EDT on
September 4, 2013, through 11:59 p.m.
EDT on September 17, 2013.
By the Commission.
Jill M. Peterson,
Assistant Secretary.
SECURITIES AND EXCHANGE
COMMISSION
In the Matter of K’s Media, File No.
500–1; Order of Suspension of Trading
[FR Doc. 2013–21838 Filed 9–4–13; 4:15 pm]
BILLING CODE 8011–01–P
September 4, 2013.
It appears to the Securities and
Exchange Commission that there is a
lack of current and accurate information
concerning the securities of K’s Media
because it has not filed any periodic
reports since the period ended April 30,
2010.
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
September 4, 2013, through 11:59 p.m.
EDT on September 17, 2013.
By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2013–21839 Filed 9–4–13; 4:15 pm]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
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[File No. 500–1]
China Lithium Technologies, Inc. and
China Wi-Max Communications, Inc.;
Order of Suspension of Trading
September 4, 2013.
It appears to the Securities and
Exchange Commission that there is a
lack of current and accurate information
concerning the securities of China
Lithium Technologies, Inc. because it
VerDate Mar<15>2010
18:05 Sep 05, 2013
Jkt 229001
SECURITIES AND EXCHANGE
COMMISSION
[Release Nos. 33–9447; 34–70298/August
30, 2013]
Order Making Fiscal Year 2014 Annual
Adjustments to Registration Fee Rates
I. Background
The Commission collects fees under
various provisions of the securities
laws. Section 6(b) of the Securities Act
of 1933 (‘‘Securities Act’’) requires the
Commission to collect fees from issuers
on the registration of securities.1 Section
13(e) of the Securities Exchange Act of
1934 (‘‘Exchange Act’’) requires the
Commission to collect fees on specified
repurchases of securities.2 Section 14(g)
of the Exchange Act requires the
Commission to collect fees on proxy
solicitations and statements in corporate
control transactions.3
The Investor and Capital Markets Fee
Relief Act of 2002 (‘‘Fee Relief Act’’) 4
required the Commission to make
annual adjustments to the fee rates
applicable under these sections for each
of the fiscal years 2003 through 2011 in
an attempt to generate collections equal
to yearly targets specified in the
statute.5 Under the Fee Relief Act, each
year’s fee rate was announced on the
preceding April 30, and took effect five
1 15
U.S.C. 77f(b).
U.S.C. 78m(e).
3 15 U.S.C. 78n(g).
4 Public Law 107–123, 115 Stat. 2390 (2002).
5 See 15 U.S.C. 77f(b)(5), 77f(b)(6), 78m(e)(5),
78m(e)(6), 78n(g)(5) and 78n(g)(6).
2 15
PO 00000
Frm 00073
Fmt 4703
Sfmt 4703
days after the date of enactment of the
Commission’s regular appropriation.
The Dodd-Frank Wall Street Reform
and Consumer Protection Act (‘‘DoddFrank Act’’) 6 changed many of the
provisions related to these fees. The
Dodd-Frank Act created new annual
collection targets for FY 2012 and
thereafter. It also changed the date by
which the Commission must announce
a new fiscal year’s fee rate (August 31)
and the date on which the new rate
takes effect (October 1).
II. Fiscal Year 2014 Annual Adjustment
to the Fee Rate
Section 6(b)(2) of the Securities Act,
as amended by the Dodd-Frank Act,
requires the Commission to make an
annual adjustment to the fee rate
applicable under Section 6(b).7 The
annual adjustment to the fee rate under
Section 6(b) of the Securities Act also
sets the annual adjustment to the fee
rates under Sections 13(e) and 14(g) of
the Exchange Act.8
Section 6(b)(2) sets forth the method
for determining the annual adjustment
to the fee rate under Section 6(b) for
fiscal year 2014. Specifically, the
Commission must adjust the fee rate
under Section 6(b) to a ‘‘rate that, when
applied to the baseline estimate of the
aggregate maximum offering prices for
[fiscal year 2014], is reasonably likely to
produce aggregate fee collections under
[Section 6(b)] that are equal to the target
fee collection amount for [fiscal year
2014].’’ That is, the adjusted rate is
determined by dividing the ‘‘target fee
collection amount’’ for fiscal year 2014
by the ‘‘baseline estimate of the
aggregate maximum offering prices’’ for
fiscal year 2014.
Section 6(b)(6)(A) specifies that the
‘‘target fee collection amount’’ for fiscal
year 2014 is $485,000,000. Section
6(b)(6)(B) defines the ‘‘baseline estimate
of the aggregate maximum offering
price’’ for fiscal year 2014 as ‘‘the
baseline estimate of the aggregate
maximum offering price at which
securities are proposed to be offered
pursuant to registration statements filed
with the Commission during [fiscal year
2014] as determined by the
Commission, after consultation with the
Congressional Budget Office and the
Office of Management and
Budget. . . .’’
6 Public
Law 111–203, 124 Stat.1376 (2010).
U.S.C. 77f(b)(2). The annual adjustments are
designed to adjust the fee rate in a given fiscal year
so that, when applied to the aggregate maximum
offering price at which securities are proposed to
be offered for the fiscal year, it is reasonably likely
to produce total fee collections under Section 6(b)
equal to the ‘‘target fee collection amount’’ specified
in Section 6(b)(6)(A) for that fiscal year.
8 15 U.S.C. 78m(e)(4) and 15 U.S.C. 78n(g)(4).
7 15
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Agencies
[Federal Register Volume 78, Number 173 (Friday, September 6, 2013)]
[Notices]
[Page 54934]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-21839]
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SECURITIES AND EXCHANGE COMMISSION
In the Matter of K's Media, File No. 500-1; Order of Suspension
of Trading
September 4, 2013.
It appears to the Securities and Exchange Commission that there is
a lack of current and accurate information concerning the securities of
K's Media because it has not filed any periodic reports since the
period ended April 30, 2010.
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 September 4, 2013, through 11:59 p.m.
EDT on September 17, 2013.
By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2013-21839 Filed 9-4-13; 4:15 pm]
BILLING CODE 8011-01-P