Notices. Notice
188 words·~1 min read·
/register/2003/01/23/03-1488A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
BILLING CODE 6730-01-P FEDERAL TRADE COMMISSION Revised Jurisdictional Thresholds for Section 8 of the Clayton Act AGENCY: Federal Trade Commission. ACTION: Notice. SUMMARY: The Federal Trade Commission announces the revised thresholds for interlocking directorates required by the 1990 amendment of section 8 of the Clayton Act. Section 8 prohibits, with certain exceptions, one person from serving as a director or officer of two competing corporations if two thresholds are met.
Competitor corporations are covered by section 8 if each one has capital, surplus, and undivided profits aggregating more than $10,000,000, with the exception that no corporation is covered if the competitive sales of either corporation are less than $1,000,000. Section 8(a)(5) requires the Federal Trade Commission to revise those thresholds annually, based on the change in gross national product. The new thresholds, which take effect immediately, are $18,919,000 for Section 8(a)(1), and $1,891,900 for section 8(a)(2)(A).
EFFECTIVE DATE: January 23, 2003. FOR FURTHER INFORMATION CONTACT: James F. Mongoven, Bureau of Competition, Office of Policy and Evaluation,
(202)326-2879. (Authority: 15 U.S.C. 19(a)(5)). By direction of the Commission Donald S. Clark, Secretary. [FR Doc. 03-1488 Filed 1-22-03; 8:45 am]
Connectionstraces to 1
Traces to 1 document