Federal Register / Vol. 73, No. 88 / Tuesday, May 6, 2008 / Notices 25061 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 57539 

(March 20, 2008), 73 FR 16395. 

4Rule 19b–4(e) provides that the listing and 

trading of a new derivative securities product by a 

self-regulatory organization (‘‘SRO’’) shall not be 

deemed a proposed rule change, pursuant to section 

(c)(1) of Rule 19b–4 (17 CFR 240.19b–4(c)(1)), if the 

Commission has approved, pursuant to section 

19(b) of the Act (15 U.S.C. 78s(b)), the SRO’s trading 

rules, procedures, and listing standards for the 

product class that would include the new 

derivatives securities product, and the SRO has a 

surveillance program for the product class. See 17 

CFR 240.19b–4(e). 

5 15 U.S.C. 78s(b)(2). The Exchange also seeks to 

make a technical change to Section 107D of the 

Amex Company Guide as part of the proposal. See 

infra note 7. 

6 17 CFR 240.19b–4(e)(2)(ii); 17 CFR 249.820. 

7 Index-Linked Securities are securities that 

provide for the payment at maturity of a cash 

amount based on the performance of an underlying 

index or indexes. As part of this proposed rule 

change, the Exchange seeks to make a technical 

change to Section 107D of the Amex Company 

Guide to define such underlying index or indexes 

as the ‘‘Equity Reference Asset.’’ Such securities 

may or may not provide for the repayment of the 

original principal investment amount. See Section 

107D and Section 107D(d) of the Amex Company 

Guide. 

8Commodity-Linked Securities are securities that 

provide for the payment at maturity of a cash 

amount based on the performance of one or more 

commodities, commodity futures, options or other 

commodity derivatives or Commodity-Based Trust 

Shares (as defined in Amex rule 1200A), or a basket 

or index of any of the foregoing (the ‘‘Commodity 

Reference Asset’’). Such securities may or may not 

provide for the repayment of the original principal 

investment amount. See Section 107E of the Amex 

Company Guide. 

9Currency-Linked Securities are securities that 

provide for the payment at maturity of a cash 

amount based on the performance of one or more 

currencies, or options or currency futures or other 

currency derivatives or Currency Trust Shares (as 

defined in Amex Rule 1200B), or a basket or index 

of any of the foregoing (the ‘‘Currency Reference 

Asset’’). Such securities may or may not provide for 

the repayment of the original principal investment 

amount. See Section 107F of the Amex Company 

Guide. 

then ended, setting forth such tax 

information as shall be necessary for the 

preparation by the Participant of that 

Participant’s federal and state income 

tax returns, and a report of the 

investment activities of the Employee 

Fund during that fiscal year. 

6. If an Employee Fund makes 

purchases or sales from or to an entity 

affiliated with the Employee Fund by 

reason of an officer, director or 

employee of Bessemer (a) serving as an 

officer, director, general partner or 

investment adviser of the entity, or (b) 

having a 5% or more investment in the 

entity, such individual will not 

participate in the Employee Fund’s 

determination of whether or not to effect 

the purchase or sale. 

For the Commission, by the Division of 

Investment Management, under delegated 

authority. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E8–9910 Filed 5–5–08; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Sunshine Act Meeting 

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 May 8, 2008 at 10 a.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 may also be present. 

The General Counsel of the 

Commission, or his designee, has 

certified that, in his 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 matters at the Closed 

Meeting. 

Commissioner Casey, as duty officer, 

voted to consider the items listed for the 

Closed Meeting in closed session. 

The subject matter of the Closed 

Meeting scheduled for May 8, 2008 will 

be: 

Formal orders of investigation; 

Institution and settlement of 

injunctive actions; 

Institution and settlement of 

administrative proceedings of an 

enforcement nature; and an opinion. 

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: May 1, 2008. 

Nancy M. Morris, 

Secretary. 

[FR Doc. E8–10020 Filed 5–5–08; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–57739; File No. SR–Amex–

2008–17] 

Self-Regulatory Organizations; 

American Stock Exchange LLC; Order 

Granting Approval of Proposed Rule 

Change, as Modified by Amendment 

No. 1 Thereto, to Adopt Listing Rules 

for Fixed Income-Linked Securities, 

Futures-Linked Securities, and 

Combination-Linked Securities 

April 30, 2008. 

I. Introduction 

On February 29, 2008, the American 

Stock Exchange LLC (‘‘Amex’’ or 

‘‘Exchange’’) filed with the Securities 

and Exchange Commission 

(‘‘Commission’’), pursuant to section 

19(b)(1) of the Securities Exchange Act 

of 1934 (‘‘Act’’) 1 and Rule 19b–4 

thereunder,2 a proposed rule change to 

adopt generic listing standards for Fixed 

Income-Linked Securities, FuturesLinked Securities, and CombinationLinked Securities. On March 20, 2008, 

the Exchange filed Amendment No. 1 to 

the proposed rule change. The proposed 

rule change, as amended, was published 

for comment in the Federal Register on 

March 27, 2008.3 The Commission 

received no comments on the proposal. 

This order approves the proposed rule 

change, as modified by Amendment No. 

1 thereto. 

II. Description of the Proposal 

The Exchange proposes to add new 

Sections 107G, 107H, and 107I of the 

Amex Company Guide to provide 

generic listing standards for Fixed 

Income-Linked Securities, FuturesLinked Securities, and CombinationLinked Securities (collectively, the 

‘‘New Linked Securities’’). The primary 

purpose of the proposed rule change is 

to enable the listing and trading of the 

New Linked Securities pursuant to Rule 

19b–4(e) 4 under the Act, without 

individual Commission approval of 

each such product pursuant to section 

19(b)(2) of the Act.5 The Exchange 

represents that within five business 

days after commencement of trading of 

a series of New Linked Securities under 

proposed Sections 107G, 107H, and 107I 

of the Amex Company Guide, as 

applicable, the Exchange will file a 

Form 19b–4(e).6

General Issuer and Issue Eligibility 

As with Index-Linked Securities 

under current Section 107D of the Amex 

Company Guide,7 Commodity-Linked 

Securities under Section 107E,8 and 

Currency-Linked Securities under 

Section 107F of the Amex Company 

Guide,9 the New Linked Securities do 

not give the holder any right to receive 

a portfolio component or any other 

ownership right or interest in the 

portfolio or underlying components 

comprising the applicable Reference 

Asset (as defined herein) and may or 


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