SECURITIES AND EXCHANGE COMMISSION
Self-Regulatory Organizations; Order Granting Application to Strike from Listing and Registration on the New York Stock Exchange, Inc. (Banco Bilbao Vizcaya Argentaria, Chile, American Depositary Shares (each representing 10 series G shares of common stock))
File No. 1-14402
June 14, 2005
On March 15, 2005, the New York Stock Exchange, Inc. ("NYSE" or "Exchange") filed an application with the Securities and Exchange Commission ("Commission"), pursuant to Section 12(d) of the Securities Exchange Act of 1934 ("Act")1 and Rule 12d2-2(c) thereunder,2 to strike the American Depositary Shares (each representing 10 series G shares of common stock) ("Security"), of Banco Bilbao Vizcaya Argentaria, Chile ("Company") from listing and registration on the NYSE.
NYSE Rule 499 states that securities admitted to the list may be suspended from dealings or removed from the list at any time. In addition, Section 802.01A of the Exchange's Listed Company Manual states, in part, that the Exchange would normally consider suspending or removing from the list a security of either a domestic or non-U.S. issuer when the total number of stockholders is less than 400.
In the opinion of the NYSE, the Security is no longer suitable for continued listing and trading on the NYSE. The Exchange is taking such action in view of the overall fact that the total number of stockholders is less than 400.
On May 20, 2005, the Exchange determined that the Security should be suspended from trading and directed the preparation and filing of this application with the Commission for the removal of the Security from listing and registration on the Exchange. The Exchange notified the Company of the Exchange's determination by letter on May 20, 2005. The Exchange received a letter on May 20, 2005 from the Company advising that it did not wish to have a hearing regarding the delisting of the Security.
The Commission, having considered the facts stated in the application and having due regard for the public interest and protection of investors, orders that the NYSE's application be, and it hereby is, granted, effective at the opening of business on June 15, 2005.
For the Commission, by the Division of Market Regulation, pursuant to delegated authority.3
Jonathan G. Katz