Statement From SEC Chairman Cox Regarding New York Attorney General Agreement With Credit Rating Agencies
Securities and Exchange Commission Chairman Christopher Cox today made the following statement in connection with today's announcement by New York State Attorney General Andrew Cuomo regarding an agreement reached with three credit rating agencies: "Today's announcement stands as an excellent example of how state and federal authorities can work together in a complementary manner. I am most appreciative of the efforts of Attorney General Cuomo and his staff to consult with the Commission and coordinate their efforts in a way that is consistent with the Commission's pending rulemaking for credit rating agencies. The Attorney General's actions, as well as the comprehensive new rules for all nationally registered credit rating agencies that the Commission will consider next week, are motivated by our mutual desire to promote ratings with integrity and curb the questionable practices that contributed to the credit market turmoil."(Press Rel. 2008-109)
Following is a schedule of Commission meetings, which will be conducted under provisions of the Government in the Sunshine Act. Meetings will be scheduled according to the requirements of agenda items under consideration.
Open meetings will be held in the Auditorium, Room L-002 at the Commission's headquarters building, 100 F Street, N.E., Washington, D.C. Visitors are welcome at all open meetings, insofar as space is available. Persons wishing to photograph or videotape Commission meetings must obtain permission in advance from the Secretary of the Commission. Persons wishing to tape record a Commission meeting should notify the Secretary's office 48 hours in advance of the meeting.
Any member of the public who requires auxiliary aids such as a sign language interpreter or material on tape to attend a public meeting should contact SECInterpreter@SEC.gov at least three business days in advance. For any other reasonable accommodation related disability contact DisabilityProgramOfficer or call 202-551-4158.
Open Meeting - Wednesday, June 11, 2008 - 10:00 a.m.
The subject matter of the open meeting will be:
The Commission will consider whether to propose rules relating to Nationally Recognized Statistical Rating Organizations and credit ratings.
Closed Meeting - Thursday, June 12, 2008 - 2:00 p.m.
The subject matter of the closed meeting scheduled for June 12, will be: formal orders of investigation; institution and settlement of injunctive actions; institution and settlement of administrative proceedings of an enforcement nature; and other matters related 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.
RULES AND RELATED MATTERS
Adoption of Updated EDGAR Filer Manual
The Commission adopted revisions to the Electronic Data Gathering, Analysis, and Retrieval System (EDGAR) Filer Manual to reflect updates to the EDGAR system. Revisions were made primarily to support the addition of XBRL Standard Taxonomies, the inclusion of new links for USGAAP XBRL Taxonomies, and to remove rescinded EDGAR submission types: S-4EF/A, F-4EF/A, N-14AE, and N-14AE/A.
Revisions to the Filer Manual reflect changes in EDGAR Filer Manual, Volume II: "EDGAR Filing," Version 8 (June 2008). The updated manual will be incorporated by reference into the Code of Federal Regulations. (Rels. 33-8926; 34-57914; 39-2456; IC-28296)
INVESTMENT COMPANY ACT RELEASES
Main Street Capital Corporation, et al.
An order has been issued on an application filed by Main Street Capital Corporation, et al., under Sections 57(i) and 17(d) of the Investment Company Act and Rule 17d-1 under the Act. The order permits a business development company and its wholly-owned small business investment company to co-invest with certain affiliates in portfolio companies. (Rel. IC-28295 - June 3)
Immediate Effectiveness of Proposed Rule Changes
A proposed rule change filed by the New York Stock Exchange (SR-NYSE-2008-43) to exclude from its earnings standard gains or losses from extinguishment of debt prior to maturity on a three month pilot basis has become effective pursuant to Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication is expected in the Federal Register during the week of June 9. (Rel. 34-57903)
A proposed rule change filed by the New York Stock Exchange (SR-NYSE-2008-40) to discontinue its policy of requiring listed companies whose charters contain transfer restrictions to amend their charters to include language specifying that those restrictions do not apply to public market transactions has become effective pursuant to Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication is expected in the Federal Register during the week of June 9. (Rel. 34-57904)
A proposed rule change filed by the New York Stock Exchange (SR-NYSE-2008-44) to adjust the earnings of companies for purposes of its earnings standard by reversing the income statement effects of changes in fair value of financial instruments extinguished at the time of listing on a three month pilot basis has become effective pursuant to Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication is expected in the Federal Register during the week of June 9. (Rel. 34-57905)
Accelerated Approval of Proposed Rule Change
The Commission granted accelerated approval to a proposed rule change (SR-BSE-2008-32) submitted by the Boston Stock Exchange pursuant to Rule 19b-4 under the Securities Exchange Act of 1934 to amend the Liquidity Make or Take Pricing Structure Linkage fees portion of the Fee Schedule for Exchange Services. Publication is expected in the Federal Register during the week of June 9. (Rel. 34-57900)
Proposed Rule Changes
NYSE Arca, through its wholly owned subsidiary, NYSE Arca Equities, Inc., filed with the Securities and Exchange Commission, a proposed rule change (SR-NYSEArca-2008-40) pursuant to Rule 19b-4 under the Securities Exchange Act of 1934 relating to the listing and trading of shares of the NETS Tokyo Stock Exchange REIT Index Fund. Publication is expected in the Federal Register during the week of June 9. (Rel. 34-57906)
The NASDAQ Stock Market filed a proposed rule change and Amendment No. 1 thereto (SR-NASDAQ-2008-043) under Rule 19b-4 of the Securities Exchange Act of 1934 to amend the definition of "Non-Industry Director" in the By-Laws of The NASDAQ OMX Group, Inc. and The NASDAQ Stock Market LLC. Publication is expected in the Federal Register during the week of June 9. (Rel. 34-57911)
SECURITIES ACT REGISTRATIONS
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