2006-08-11
Added · Updated
The SEC staff agrees not to recommend enforcement action against Barclays Global Investors International Inc. if the Sponsor signs the Sarbanes-Oxley Act certifications required for the iShares Silver Trust's periodic reports. This relief applies because the Trust lacks officers or directors, making the Sponsor's chief executive officer and chief financial officer the appropriate individuals to certify the Trust's disclosure controls and internal control over financial reporting.
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CLIFFORD CHANCE
CLIFFORD CHANCE US LLP
Sections 13(a) and 15(d) of the Securities Exchange Act of 1934; Rules 13a-14(a) and 15d-14(a) thereunder; and Item 601(b)(31) of Regulation S-K
David Yeres
Partner
DIRECT TEL +1 212 878 8075 david.yeres@cliffordchance.com
August 11, 2006
Office of Chief Counsel
Division of Corporation Finance
Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549
Re: iShares Silver Trust – Request for no-action relief regarding application of the certification rules under Section 302 of the Sarbanes-Oxley Act of 2002.
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Source: Securities and Exchange Commission — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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