[Federal Register Volume 65, Number 38 (Friday, February 25, 2000)]
[Notices]
[Pages 10131-10132]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-4471]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 1-4923]


Issuer Delisting; Notice of Application To Withdraw From Listing 
and Registration; (Westminster Capital, Inc., Common Stock, Par Value 
$1.00 per Share)

February 18, 2000.
    Westminster Capital, Inc. (``Company'') has 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(d) promulgated thereunder,\2\ to withdraw the above 
specified security (``Security'') from listing and registration on the 
Pacific Exchange, Inc. (``PCX'' or ``Exchange'').
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    \1\ 15 U.S.C. 78l(d)
    \2\ 17 CFR 240.12d2-2(d).
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    The Security has been listed for trading on the PCX. Pursuant to 
Registration Statement on Form 8-A filed with the Commission, which 
became effective on June 7, 1999, the Security has also been listed on 
the American Stock Exchange LLC (``Amex''). Trading in the Security on 
the Amex commenced at the opening of business on June 15, 1999, while 
continuing to trade on the PCX.
    In making the decision to withdraw its Security from listing and 
registration on the PCX, the Company hopes to avoid the direct and 
indirect costs of maintaining listings simultaneously on two exchanges. 
The Company does not see any particular advantage to having its 
Security trade on two exchanges and believes that this dual trading 
would result in a fragmentation of the market for its Security.
    The Company has complied with the rules of the PCX by filing with 
the Exchange a certified copy of resolution adopted by the Company's 
Board of Directors authorizing the withdrawal of its Security from 
listing on the PCX as well as correspondence setting forth in detail to 
the PCX the reasons for such proposed withdrawal and the facts in 
support thereof. The PCX has informed the Company that it has no 
objection to the withdrawal of the Company's Security from listing and 
registration on the PCX.
    This application related solely to the Security's withdrawal from 
listing and registration on the PCX and shall have no effect upon the 
continued listing and registration of such Security on the Amex. By 
reason of Section 12(b) of the

[[Page 10132]]

Act \3\ and the rules and regulations of the Commission thereunder, the 
Company shall continue to be obligated to file reports with the 
Commission under Section 13 of the Act.\4\
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    \3\ 15 U.S.C. 78l(b).
    \4\ 15 U.S.C. 78m.
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    Any interested person may, on or before March 13, 2000, submit by 
letter to the Secretary of the Securities and Exchange Commission, 450 
Fifth Street, NW, Washington, DC 20549-0609, facts bearing upon whether 
the application has been made in accordance with the rules of the 
Exchange and what terms, if any, should be imposed by the Commission 
for the protection of investors. The Commission, based on the 
information submitted to it, will issue an order granting the 
application after the date mentioned above, unless the Commission 
determines to order a hearing on the matter.

For the Commission, by the Division of Market Regulation, pursuant 
to delegated authority.\5\
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    \5\ 17 CFR 200.30-3(a)(1).
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Jonathan G. Katz,
Secretary.
[FR Doc. 00-4471 Filed 2-24-00; 8:45 am]
BILLING CODE 8010-01-M