Pro-Tech Industries, Inc., Vida Life International Ltd., Vitavea, Inc., Western Power & Equipment Corp., and Westmont Resources, Inc.; Order of Suspension of Trading, 30921 [2014-12433]

Download as PDF Federal Register / Vol. 79, No. 103 / Thursday, May 29, 2014 / Notices Other Clarifications The Guide will be revised to clarify the descriptions of CNS Short Covers and Long Allocations and their effect on Participant collateral and the Collateral Monitor. III. Discussion and Commission Finding Section 19(b)(2)(C) of the Act 13 directs the Commission to approve a proposed rule change of a selfregulatory organization if it finds that such proposed rule change is consistent with the requirements of the Act and rules and regulations thereunder applicable to such organization. Section 17A(b)(3)(F) of the Act requires that the rules of a clearing agency be designed to, among other things, ‘‘promote the prompt and accurate clearance and settlement of securities transactions and . . . to assure the safeguarding of securities and funds which are in the custody or control of the clearing agency or for which it is responsible.’’ 14 Further, Commission Rule 17Ad– 22(d)(12) requires that registered clearing agencies ‘‘establish, implement, maintain and enforce written policies and procedures reasonable designed to, as applicable . . . [e]sure that final settlement occurs no later than the end of the settlement day; and require that intraday or real-time finality be provided where necessary to reduce risks.’’ 15 The Commission finds that the Proposed Rule Change is consistent with those requirements because the changes, which will conform to the changes proposed by NSCC in establishing a new ACATS processing system,16 will enable DTC to complete ACATS transfers free of payment, thus streamlining DTC’s related processes, as described above. Therefore, the Proposed Rule Change will promote the prompt and accurate clearance and settlement of ACATS transfers, while supporting finality of such transfers at DTC on settlement day. IV. Conclusion tkelley on DSK3SPTVN1PROD with NOTICES On the basis of the foregoing, the Commission finds that the proposal is consistent with the requirements of the Act and in particular with the requirements of Section 17A of the of the Participant. It should be noted that the Participant may re-designate the securities as NA or deliver them versus payment in which case these securities will be counted in the Participant’s Collateral Monitor. 13 15 U.S.C. 78s(b)(2)(C). 14 15 U.S.C. 78q–1(b)(3)(F). 15 17 CFR 240.17Ad–22(d)(12). 16 See NSCC Proposal, 79 FR 20290. VerDate Mar<15>2010 17:19 May 28, 2014 Jkt 232001 Act 17 and the rules and regulations thereunder. It is therefore ordered, pursuant to Section 19(b)(2) of the Act, that the proposed rule change SR–DTC–2014–04 be, and it hereby is, approved. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.18 Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2014–12420 Filed 5–28–14; 8:45 am] BILLING CODE 8011–01–P 30921 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 May 23, 2014, through 11:59 p.m. EDT on June 6, 2014. By the Commission. Jill M. Peterson, Assistant Secretary. [FR Doc. 2014–12433 Filed 5–23–14; 4:15 pm] SECURITIES AND EXCHANGE COMMISSION BILLING CODE 8011–01–P [File No. 500–1] SECURITIES AND EXCHANGE COMMISSION Pro-Tech Industries, Inc., Vida Life International Ltd., Vitavea, Inc., Western Power & Equipment Corp., and Westmont Resources, Inc.; Order of Suspension of Trading May 23, 2014. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Pro-Tech Industries, Inc. because it has not filed any periodic reports since the period ended June 30, 2011. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Vida Life International Ltd. because it has not filed any periodic reports since the period ended September 30, 2009. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Vitavea, Inc. because it has not filed any periodic reports since the period ended April 30, 2007. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Western Power & Equipment Corp. because it has not filed any periodic reports since the period ended April 30, 3008. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Westmont Resources Inc. because it has not filed any periodic reports since the period ended February 28, 2011. The Commission is of the opinion that the public interest and the protection of 17 In approving this proposed rule change, the Commission has considered the proposed rule’s impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). 18 17 CFR 200.30–3(a)(12). PO 00000 Frm 00118 Fmt 4703 Sfmt 4703 [ File No. 500–1] In the Matter of OCTuS, Inc., Pacific Coast National Bancorp, Travelstar, Inc., We Save Homes, Inc., and ZVUE Corp., Order of Suspension of Trading May 23, 2014. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of OCTuS, Inc. because it has not filed any periodic reports since the period ended March 31, 2011. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Pacific Coast National Bancorp because it has not filed any periodic reports since the period ended December 31, 2008. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Travelstar, Inc. because it has not filed any periodic reports since the period ended March 31, 2008. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of We Save Homes, Inc. because it has not filed any periodic reports since the period ended September 30, 2010. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of ZVUE Corporation because it has not filed any periodic reports since the period ended September 30, 2008. 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 E:\FR\FM\29MYN1.SGM 29MYN1

Agencies

[Federal Register Volume 79, Number 103 (Thursday, May 29, 2014)]
[Notices]
[Page 30921]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-12433]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


Pro-Tech Industries, Inc., Vida Life International Ltd., Vitavea, 
Inc., Western Power & Equipment Corp., and Westmont Resources, Inc.; 
Order of Suspension of Trading

May 23, 2014.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Pro-Tech Industries, Inc. because it has not filed any periodic reports 
since the period ended June 30, 2011.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Vida Life International Ltd. because it has not filed any periodic 
reports since the period ended September 30, 2009.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Vitavea, Inc. because it has not filed any periodic reports since the 
period ended April 30, 2007.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Western Power & Equipment Corp. because it has not filed any periodic 
reports since the period ended April 30, 3008.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Westmont Resources Inc. because it has not filed any periodic reports 
since the period ended February 28, 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 above-listed companies is suspended 
for the period from 9:30 a.m. EDT on May 23, 2014, through 11:59 p.m. 
EDT on June 6, 2014.

    By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2014-12433 Filed 5-23-14; 4:15 pm]
BILLING CODE 8011-01-P
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