[Federal Register Volume 59, Number 18 (Thursday, January 27, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-1673]


[[Page Unknown]]

[Federal Register: January 27, 1994]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 265-19]

 

Securities Exchange Act Release No. 34-33496

SUBJECT: Consumer Affairs Advisory Committee.

AGENCY: Securities and Exchange Commission.

ACTION: Notice of establishment of the Consumer Affairs Advisory 
Committee.

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SUMMARY: The Chairman of the Commission, with the concurrence of the 
other members of the Commission, has established a Consumer Affairs 
Advisory Committee to advise the Commission on the interests and 
concerns of individual investors in the U.S. securities markets.

DATES: January 21, 1994.

FOR FURTHER INFORMATION CONTACT:
Jonathan G. Katz, Secretary, 202/272-2600.

SUPPLEMENTARY INFORMATION: In accordance with the Federal Advisory 
Committee Act, 5 U.S.C. App., the Securities and Exchange Commission 
(``Commission'') has directed publication of this notice that Chairman 
Arthur Levitt, with the concurrence of the other members of the 
Commission, has established the Consumer Affairs Advisory Committee. 
Chairman Levitt certifies that the creation of the Committee is 
necessary and in the public interest.
    The Committee's charter directs the Committee: (1) To advise the 
Commission regarding the interests and concerns of individual consumers 
and investors who participate, directly or indirectly, in the U.S. 
securities markets, and (2) to advise the Commission on how the 
Commission's existing and proposed rules and programs could be improved 
to provide better disclosure and protection to such individual 
consumers and investors.
    To achieve the Committee's goals, members will be appointed that 
can represent effectively the interests of individual investors with 
respect to a range of issues. The Committee's membership may include, 
among others, individuals representing consumer or investor 
organizations, securities market participants, securities market 
professionals, regulatory entities and the public at large. The 
Commission expects that the Committee's members will represent a 
variety of viewpoints and have varying experience and that the 
Committee will be fairly balanced in terms of points of view, 
backgrounds and tasks.
    The Committee will conduct its operations in accordance with the 
Federal Advisory Committee Act. The duties of the Committee shall be 
solely advisory. Determinations of action to be taken and policy to be 
expressed with respect to matters upon which the Committee provides 
advice will be made solely by the Commission.
    The Committee will meet at such intervals as are necessary to carry 
out its functions. It is estimated the meetings of the full Committee 
will occur approximately six times each year.
    The Commission will provide necessary support services to the 
Committee.
    The Committee will terminate two years after its establishment 
unless, prior to that time, its charter is renewed in accordance with 
the Federal Advisory Committee Act, or unless the Chairman, with the 
concurrence of the other members of the Commission, determines that 
continuance of the Committee is no longer in the public interest.
    Fifteen days after publication of this notice in the Federal 
Register, the Commission will file a copy of the Committee's charter 
with the Chairman of the Commission, the Senate Committee on Banking, 
Housing and Urban Affairs, and the House Committee on Energy and 
Commerce. The Commission will also furnish a copy of the charter to the 
Library of Congress and place a copy in the Commission's Public 
Reference Room.

    By the Commission.
Jonathan G. Katz,
Secretary.
[FR Doc. 94-1673 Filed 1-26-94; 8:45 am]
BILLING CODE 8010-01-M