Interlocking directorates: Clayton Act; Section 8 jurisdictional thresholds,

[Federal Register: February 4, 2002 (Volume 67, Number 23)]

[Notices]

[Page 5129]

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

[DOCID:fr04fe02-67]

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 $18,193,000 for section 8(a)(1), and $1,819,300 for Section 8(a)(2)(A).

EFFECTIVE DATE: February 4, 2002.

FOR FURTHER INFORMATION CONTACT: H. Gabriel Dagen, Bureau of Competition, Office of Accounting and Financial Analysis, (202) 326- 2573.

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

By direction of the Commission. Donald S. Clark, Secretary.

[FR Doc. 02-2551Filed2-1-02; 8:45 am]

BILLING CODE 6750-01-M