Interlocking directorates: Clayton Act; Section 8 jurisdictional thresholds,

[Federal Register: January 27, 2005 (Volume 70, Number 17)]

[Notices]

[Page 3928]

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

[DOCID:fr27ja05-47]

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 $21,327,000 for Section 8(a)(1), and $2,132,700 for Section 8(a)(2)(A).

EFFECTIVE DATE: January 27, 2005.

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. Donald S. Clark, Secretary.

[FR Doc. 05-1499 Filed 1-26-05; 8:45 am]

BILLING CODE 6750-01-M