[Federal Register Volume 70, Number 22 (Thursday, February 3, 2005)]
[Notices]
[Page 5709]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E5-416]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application of The Charles Schwab 
Corporation To Withdraw Its Common Stock, $.01 par value, From Listing 
and Registration on the Pacific Exchange, Inc.; File No. 1-9700

January 28, 2005.
    On January 12, 2005, The Charles Schwab Corporation, a Delaware 
corporation (``Issuer''), 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) 
thereunder,\2\ to withdraw its common stock, $.01 par value 
(``Security''), from listing and registration on the Pacific Exchange, 
Inc. (``PCX'').
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    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(d).
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    The Board of Directors (``Board'') of the Issuer unanimously 
approved resolutions on January 20, 2004 to withdraw the Issuer's 
Security from listing on the PCX. The Issuer stated the following 
reasons factored into the Board's decision to withdraw the Security 
from listing on the PCX: (1) The Security is currently traded on the 
New York Stock Exchange, Inc. (``NYSE'') and The Nasdaq Stock Market; 
and (2) the low volume of trading in the Security on the PCX does not 
justify the expense and administrative time associated with remaining 
listed on the PCX.
    The Issuer stated that it has complied with PCX Rule 5.4(b) by 
complying with all applicable laws in effect in Delaware, in which it 
is incorporated, and by providing the PCX with the required documents 
governing the withdrawal of securities from listing and registration on 
the PCX.
    The Issuer's application relates solely to the withdrawal of the 
Security from listing on the PCX and shall not affect its continued 
listing on the NYSE or its obligation to be registered under Section 
12(b) of the Act.\3\
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    \3\ 15 U.S.C. 781(b).
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    Any interested person may, on or before February 22, 2005, comment 
on the facts bearing upon whether the application has been made in 
accordance with the rules of the PCX, and what terms, if any, should be 
imposed by the Commission for the protection of investors. All comment 
letters may be submitted by either of the following methods:

Electronic Comments

     Send an e-mail to [email protected]. Please include 
the File Number 1-9700 or;

Paper Comments

     Send paper comments in triplicate to Jonathan G. Katz, 
Secretary, Securities and Exchange Commission, 450 Fifth Street, NW., 
Washington, DC 20549-0609.
All submissions should refer to File Number 1-9700. This file number 
should be included on the subject line if e-mail is used. To help us 
process and review your comments more efficiently, please use only one 
method. The Commission will post all comments on the Commission's 
Internet Web site (http://www.sec.gov/rules/delist.shtml). Comments are 
also available for public inspection and copying in the Commission's 
Public Reference Room. All comments received will be posted without 
change; we do not edit personal identifying information from 
submissions. You should submit only information that you wish to make 
available publicly.
    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.\4\
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    \4\ 17 CFR 200.30-3(a)(1).
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Jonathan G. Katz,
Secretary.
 [FR Doc. E5-416 Filed 2-2-05; 8:45 am]
BILLING CODE 8010-01-P