The Federal Register

Proposed Rules for Nationally Recognized Statistical Rating Organizations

Wed, Jun 25 2008 11:00:00 GMT

In the first of three related actions the Commission is proposing rule amendments that would impose additional requirements on nationally recognized statistical rating organizations (``NRSROs'') in order to address concerns about the integrity of their credit rating procedures and methodologies in the light of the role they played in determining credit ratings for securities collateralized by or linked to subprime residential mortgages. Second, the Commission also makes a proposal related to structured finance products rating symbology. And third, in the near future, the Commission intends to propose rule amendments that would be intended to reduce undue reliance in the Commission's rules on NRSRO ratings.

Program for Allocation of Regulatory Responsibilities Pursuant to Rule 17d-2; Notice of Filing and Order Approving and

Wed, Jun 25 2008 11:00:00 GMT

June 18, 2008.

Notice is hereby given that the Securities and Exchange Commission (``Commission'') has issued an Order, pursuant to Section 17(d) of the Securities Exchange Act of 1934 (``Act''),\1\ approving and declaring effective an amendment to the plan for allocating regulatory responsibility filed pursuant to Rule 17d2 of the Act,\2\ by the American Stock Exchange, LLC (``Amex''), the Boston Stock Exchange, Inc. (``BSE''), the Chicago Board Options Exchange, Incorporated (``CBOE''), the International Securities Exchange, (``ISE''), Financial Industry Regulatory Authority, Inc. (``FINRA''), The NASDAQ Stock Market LLC (``NASDAQ''), the New York Stock Exchange LLC (``NYSE''), NYSE Arca, Inc. (``NYSE Arca''), and the Philadelphia Stock Exchange, Inc. (``Phlx'') (collectively, ``SRO participants'').
\1\ 15 U.S.C. 78q(d).
\2\ 17 CFR 240.17d2.

I. Introduction

Section 19(g)(1) of the Act,\3\ among other things, requires every selfregulatory organization (``SRO'') registered as eith

In the Matter of: Acclaim Entertainment, Inc., Benguet Corp., Clean Systems Technology Group, Ltd., Family Golf

Wed, Jun 25 2008 11:00:00 GMT

Date: June 23, 2008.

It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Acclaim Entertainment, Inc. because it has not filed any periodic reports since the period ended March 31, 2004.

It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Benguet Corp. because it has not filed any periodic reports since the period ended December 31, 2002.

It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Clean Systems Technology Group Ltd. because it has not filed any periodic reports since the period ended September 30, 2004.

It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Family Golf Centers, Inc. because it has not filed any periodic reports since