Notices. Notice
187 words·~1 min read·
/register/2013/01/14/2013-00482·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
BILLING CODE 6712-01-P FEDERAL TRADE COMMISSION Revised Jurisdictional Thresholds 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 $28,883,000 for Section 8(a)(1), and $2,888,300 for Section 8(a)(2)(A). DATES: *Effective Date:* January 14, 2013. FOR FURTHER INFORMATION CONTACT: James F. Mongoven, Bureau of Competition, Office of Policy and Coordination,
(202)326-2879. Authority: 15 U.S.C. 19(a)(5). By direction of the Commission. Richard C. Donohue, Acting Secretary. [FR Doc. 2013-00482 Filed 1-11-13; 8:45 am]
Connectionstraces to 1
Traces to 1 document