Revised Jurisdictional Thresholds for Section 8 of the Clayton Act

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Federal Register: January 21, 2010 (Volume 75, Number 13)

Notices

Page 3469

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

DOCID:fr21ja10-53

Page 3469

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 $25,841,000 for Section 8(a)(1), and $2,584,100 for

Section 8(a)(2)(A).

DATES: Effective Date: January 21, 2010.

FOR FURTHER INFORMATION CONTACT: James F. Mongoven, Bureau of

Competition, Office of Policy and Coordination, (202) 326-2879.

Authority: 15 U.S.C. Sec. 19(a)(5)).

By direction of the Commission.

Donald S. Clark,

Secretary.

FR Doc. 2010-1040 Filed 1-20-10: 10:52 am

BILLING CODE 6750-01-S

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