The Federal Register

Termination of a Foreign Private Issuer's Registration of a Class of Securities Under Section 12(g) and Duty To File

Fri, Dec 30 2005 11:00:00 GMT

We propose to amend the rules allowing a foreign private issuer to terminate the registration of a class of equity securities under section 12(g) of the Securities Exchange Act of 1934 (and thus stop filing reports required as a result of registration) and to cease its reporting obligations regarding a class of equity or debt securities under section 15(d) of the Exchange Act. Under the current rules, a foreign private issuer may find it difficult to terminate its Exchange Act registration and reporting obligations despite the fact that there is relatively little interest in the issuer's securities among United States investors. Moreover, currently a foreign private issuer can only suspend, and cannot permanently terminate, a duty to report arising under section 15(d). The proposed rules would permit the termination of Exchange Act reporting regarding a class of equity securities under either section 12(g) or section 15(d) by a foreign private issuer that meets specified criteria designed to me

Public Company Accounting Oversight Board; Notice of Filing of Proposed Rule on Auditing Standard No. 4, Reporting on

Fri, Dec 30 2005 11:00:00 GMT

December 21, 2005.

Pursuant to section 107(b) of the SarbanesOxley Act of 2002 (the ``Act''), notice is hereby given that on July 28, 2005, the Public Company Accounting Oversight Board (the ``Board'' or the ``PCAOB'') filed with the Securities and Exchange Commission (the ``Commission'' or ``SEC'') the proposed rules described in Items I and II below, which items have been prepared by the Board and are presented here in the form submitted by the Board. The Commission is publishing this notice to solicit comments on the proposed rules from interested persons. I. Board's Statement of the Terms of Substance of the Proposed Rules

On July 26, 2005, the Board adopted Auditing Standard No. 4, Reporting on Whether a Previously Reported Material Weakness Continues to Exist. The text of the proposed rules is as follows:
Auditing Standard No. 4Reporting on Whether a Previously Reported Material Weakness Continues to Exist
Table of Contents(Paragraph)
Applicability of Standard14
Auditor's Objective in

Self-Regulatory Organizations; National Association of Securities Dealers, Inc.; Notice of Filing and Immediate

Fri, Dec 30 2005 11:00:00 GMT

December 23, 2005.

Pursuant to section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \1\ and Rule 19b4 thereunder,\2\ notice is hereby given that on December 8, 2005, the National Association of Securities Dealers, Inc. (``NASD''), through its subsidiary, The Nasdaq Stock Market, Inc. (``Nasdaq'') filed with the Securities and Exchange Commission (``Commission'') the proposed rule change as described in Items I and II below, which Items have been prepared by Nasdaq. Nasdaq filed Amendment No. 1 to the proposed rule change on December 21, 2005.\3\ Nasdaq has designated this proposal as a ``noncontroversial'' proposed rule change pursuant to section 19(b)(3)(A)(iii) of the Act \4\ and Rule 19b4(f)(6) thereunder,\5\ which renders the proposal effective upon filing with the Commission. The Commission is publishing this notice to solicit comments on the proposed rule change, as amended, from interested persons.
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b4.
\3\ In Amendment

Self-Regulatory Organizations; Philadelphia Stock Exchange, Inc.; Notice of Filing and Immediate Effectiveness of

Fri, Dec 30 2005 11:00:00 GMT

December 23, 2005.

Pursuant to section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \1\, and Rule 19b4 \2\ thereunder, notice is hereby given that on December 21, 2005, the Philadelphia Stock Exchange, Inc. (``Phlx'' or ``Exchange'') filed with the Securities and Exchange Commission (``Commission'') the proposed rule change as described in Items I and II, below, which Items have been prepared by the Phlx. The Exchange filed the proposal pursuant to section 19(b)(3)(A) of the Act,\3\ and Rule 19b4(f)(6) thereunder,\4\ which renders the proposal effective upon filing with the Commission.\5\ The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons.
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b4.
\3\ 15 U.S.C. 78s(b)(3)(A).
\4\ 17 CFR 240.19b4(f)(6).
\5\ The Exchange requested the Commission to waive the fiveday prefiling notice requirement and the 30day operative delay, as specified in Rule 19b4(f)(6)(iii). 17