[Federal Register Volume 61, Number 42 (Friday, March 1, 1996)]
[Notices]
[Page 8092]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-4741]



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SECURITIES AND EXCHANGE COMMISSION
[Release Nos. 33-7266; 34-36881; File No. 265-20]


Advisory Committee on the Capital Formation and Regulatory 
Processes; Renewal

AGENCY: Securities and Exchange Commission.

ACTION: Notice of the Renewal of the Securities and Exchange Commission 
Advisory Committee on the Capital Formation and Regulatory Processes.

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SUMMARY: The Chairman of the Commission, with the concurrence of the 
other member of the Commission, has renewed the Securities and Exchange 
Commission Advisory Committee on the Capital Formation and Regulatory 
Processes (``Committee''), which will advise the Commission regarding 
the informational needs of investors and the regulatory costs imposed 
on the U.S. securities markets.

ADDRESSES: Written comments should be submitted in triplicate and 
should refer to File No. 265-20. Comments should be submitted to 
Jonathan G. Katz, Secretary, Securities and Exchange Commission, 450 
Fifth Street, NW., Washington, DC 20549.

FOR FURTHER INFORMATION CONTACT:
Meridith Mitchell, Assistant General Counsel, Office of the General 
Counsel, at 202-942-0890; Securities and Exchange Commission, 450 Fifth 
Street, NW., Washington, DC 20549.

SUPPLEMENTARY INFORMATION: In accordance with the requirements of the 
Federal Advisory Committee Act, 5 U.S.C. App., the Securities and 
Exchange Commission has directed publication of this notice that 
Chairman Arthur Levitt, with the concurrence of the other member of the 
Commission, has renewed the ``Securities and Exchange Commission 
Advisory Committee on the Capital Formation and Regulatory Processes.'' 
Chairman Levitt certifies that he has determined that the renewal of 
the Committee is necessary and in the public interest.
    The Committee's charter directs the Committee to assist the 
Commission in evaluating the efficiency and effectiveness of the 
regulatory process and the disclose requirements relating to public 
offerings of securities, secondary market trading and corporate 
reporting, and in identifying and developing means to minimize costs 
imposed by current regulatory programs, from the perspective of 
investors, issuers, the various market participants, and other 
interested persons and regulatory authorities.
    The Committee members are able to represent the varied interests 
affected by the range of issues being considered. The Committee's 
membership includes, among others, persons who represent investors, 
issuers, market participants, independent public accountants, 
regulators and the public at large. The Committee's members are able to 
represent a variety of viewpoints and have varying experience, and the 
Committee is fairly balanced in terms of points of view, backgrounds 
and tasks. The Chairman of the Committee is Commissioner Steven M.H. 
Wallman.
    The Committee will conduct its operations in accordance with the 
provisions of the Federal Advisory Committee Act. The duties of the 
Committee are solely advisory. Determinations of action to be taken and 
policy to be expressed with respect to matters upon which the Advisory 
Committee provides advice or recommendations shall be made solely by 
the Commission.
    The Committee will meet at such intervals as are necessary to carry 
out its functions. It is expected that meetings of the full Committee 
generally will occur no more frequently than 5 times; meetings of 
subgroups of the full Advisory Committee will likely occur more 
frequently. The Securities and Exchange Commission will provide 
necessary support services to the Committee.
    The Committee will terminate on September 30, 1996 unless, prior to 
such time, its charter is renewed for a further period 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.
    Concurrent with publication of this notice in the Federal Register, 
a copy of the charter of the Committee will be filed with the Chairman 
of the Commission, the Senate Committee on Banking, Housing, and Urban 
Affairs and the House Committee on Commerce. A copy of the charter will 
also be furnished to the Library of Congress and placed in the 
Commission's Public Reference Room for public inspection.

    Dated: February 23, 1996.

    By the Commission.
Jonathan G. Katz,
Secretary.
[FR Doc. 96-4741 Filed 2-29-96; 8:45 am]
BILLING CODE 8010-01-M