Sunshine Act Meetings, 55517 [2014-22121]
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Federal Register / Vol. 79, No. 179 / Tuesday, September 16, 2014 / Notices
Dated: September 11, 2014.
Jill M. Peterson
Assistant Secretary.
RAILROAD RETIREMENT BOARD
Sunshine Act Meetings
Notice is hereby given that the
Railroad Retirement Board will hold a
meeting on September 23, 2014, 10:00
a.m. at the Board’s meeting room on the
8th floor of its headquarters building,
844 North Rush Street, Chicago, Illinois,
60611. The agenda for this meeting
follows:
Portion open to the public:
(1) Executive Committee Reports.
The person to contact for more
information is Martha P. Rico, Secretary
to the Board, Phone No. 312–751–4920.
Dated: September 12, 2014.
Martha P. Rico,
Secretary to the Board.
[FR Doc. 2014–22172 Filed 9–12–14; 4:15 pm]
BILLING CODE 7905–01–P
tkelley on DSK3SPTVN1PROD with NOTICES
Sunshine Act Meetings
Notice is hereby given, pursuant to
the provisions of the Government in the
Sunshine Act, Public Law 94–409, that
the Securities and Exchange
Commission will hold a Closed Meeting
on Thursday, September 18, 2014 at
2:00 p.m.
Commissioners, Counsel to the
Commissioners, the Secretary to the
Commission, and recording secretaries
will attend the Closed Meeting. Certain
staff members who have an interest in
the matters also may be present.
The General Counsel of the
Commission, or her designee, has
certified that, in her opinion, one or
more of the exemptions set forth in 5
U.S.C. 552b(c)(3), (5), (7), 9(B) and (10)
and 17 CFR 200.402(a)(3), (5), (7), 9(ii)
and (10), permit consideration of the
scheduled matter at the Closed Meeting.
Commissioner Aguilar, as duty
officer, voted to consider the items
listed for the Closed Meeting in closed
session.
The subject matter of the Closed
Meeting will be:
Settlement of injunctive actions;
Institution settlement of
administrative proceedings;
Resolution of litigation claim;
Other matters relating to enforcement
proceedings.
At times, changes in Commission
priorities require alterations in the
scheduling of meeting items.
For further information and to
ascertain what, if any, matters have been
added, deleted or postponed, please
contact the Office of the Secretary at
(202) 551–5400.
VerDate Sep<11>2014
18:22 Sep 15, 2014
Jkt 232001
of the most significant parts of such
statements.
[FR Doc. 2014–22121 Filed 9–12–14; 11:15 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–73071; File No. SR–NYSE–
2014–49]
Self-Regulatory Organizations; New
York Stock Exchange LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change Proposing To
Amend Section 107.03 of the Listed
Company Manual To Provide That No
Security Shall Be Approved for Listing
on the Exchange That is Delinquent in
Its Filing Obligation With the Securities
and Exchange Commission
September 10, 2014.
SECURITIES AND EXCHANGE
COMMISSION
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934
(‘‘Act’’) 2 and Rule 19b–4 thereunder,3
notice is hereby given that on August
28, 2014, New York Stock Exchange
LLC (‘‘NYSE’’ or the ‘‘Exchange’’) filed
with the Securities and Exchange
Commission (the ‘‘Commission’’) the
proposed rule change as described in
Items I and II below, which Items have
been prepared by the self-regulatory
organization. The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to [sic] The
text of the proposed rule change is
available on the Exchange’s Web site at
www.nyse.com, at the principal office of
the Exchange, and at the Commission’s
Public Reference Room.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
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,
1 15
U.S.C. 78s(b)(1).
U.S.C. 78a.
3 17 CFR 240.19b–4.
Frm 00092
Fmt 4703
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange proposes to amend
Section 107.03 of the Manual to provide
that no security shall be approved for
listing on the Exchange that is
delinquent in its filing obligation with
the Commission. The Exchange adopted
Section 107.03 of the Manual to codify
its longstanding practice of requiring
that issuers provide investors with
current and complete financial and
corporate information prior to the date
on which such issuer seeks to list a
security.4 Currently, Section 107.03
states that no security shall be approved
for listing on the Exchange if the issuer
has not for the 12 months immediately
preceding the date of listing filed on a
timely basis all periodic reports
required to be filed with the
Commission. While this requirement
furthers the Exchange’s goal of requiring
adequate current disclosure, the
Exchange believes that Section 107.03
could currently be read to impose
requirements upon issuers that the
Exchange did not intend and that go
beyond the Exchange’s practices it
intended to embody in the rule.
Accordingly, the Exchange proposes to
amend Section 107.03 to clarify how it
will evaluate an issuer’s compliance
with Commission reporting
requirements as it relates to approving
such issuer for listing on the Exchange.
In its current form, the language of
Section 107.03 precludes the listing of
any company that has failed to timely
file any of its periodic reports with the
SEC in the 12 months prior to the listing
approval date, even if that company was
current in its filings as of the date of its
listing application. This would preclude
the Exchange from listing a security if
its issuer had been late—even by a de
minimis amount—in filing just one of
its required periodic reports during the
preceding 12 months. The Exchange
believes this outcome would, in certain
instances, be disproportionately
punitive in comparison to the infraction
and would not provide any meaningful
investor protection benefits. In
particular, the Exchange generally does
not believe that there is any investor
protection benefit to be derived from
conditioning an issuer’s listing on the
timely filing of a Form 10–Q when the
4 See Securities Exchange Act Release No. 70218
(August 15, 2013), 78 FR 51788 (August 21, 2013)
(SR–NYSE–2013–33).
2 15
PO 00000
55517
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]]>Agencies
[Federal Register Volume 79, Number 179 (Tuesday, September 16, 2014)]
[Notices]
[Page 55517]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-22121]
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SECURITIES AND EXCHANGE COMMISSION
Sunshine Act Meetings
Notice is hereby given, pursuant to the provisions of the
Government in the Sunshine Act, Public Law 94-409, that the Securities
and Exchange Commission will hold a Closed Meeting on Thursday,
September 18, 2014 at 2:00 p.m.
Commissioners, Counsel to the Commissioners, the Secretary to the
Commission, and recording secretaries will attend the Closed Meeting.
Certain staff members who have an interest in the matters also may be
present.
The General Counsel of the Commission, or her designee, has
certified that, in her opinion, one or more of the exemptions set forth
in 5 U.S.C. 552b(c)(3), (5), (7), 9(B) and (10) and 17 CFR
200.402(a)(3), (5), (7), 9(ii) and (10), permit consideration of the
scheduled matter at the Closed Meeting.
Commissioner Aguilar, as duty officer, voted to consider the items
listed for the Closed Meeting in closed session.
The subject matter of the Closed Meeting will be:
Settlement of injunctive actions;
Institution settlement of administrative proceedings;
Resolution of litigation claim;
Other matters relating to enforcement proceedings.
At times, changes in Commission priorities require alterations in
the scheduling of meeting items.
For further information and to ascertain what, if any, matters have
been added, deleted or postponed, please contact the Office of the
Secretary at (202) 551-5400.
Dated: September 11, 2014.
Jill M. Peterson
Assistant Secretary.
[FR Doc. 2014-22121 Filed 9-12-14; 11:15 am]
BILLING CODE 8011-01-P
