[Federal Register Volume 66, Number 241 (Friday, December 14, 2001)]
[Notices]
[Pages 64894-64895]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-30979]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meeting

Federal Register Citation of Previous Announcement: [66 FR 63422, 
December 6, 2001].

Status: Open Meeting.

Place: 450 Fifth Street, NW., Washington, DC.

Date and time of Previously Announced Meeting: Thursday, December 13, 
2001 at 10 a.m.

Change in the Meeting: Cancellation of Meeting/Additional Meetings.
    The open meeting schedule for Thursday, December 11, 2001, has been 
cancelled, and rescheduled for Wednesday, December 19, 2001, at 10 
a.m., in Room 1C30, the William O. Douglas Room. In addition to the 
open meeting scheduled for Wednesday, December 19, 2001, the Commission 
will hold a closed meeting on Tuesday, December 18, 2001, at 10 a.m.
    Commissioners, Counsel to the Commissioners, the Secretary to the 
Commission, and recording secretaries will attend the closed meeting. 
Certain staff members who have an interest in the matters may also be 
present.
    The General Counsel of the Commission, or his designee, has 
certified that, in his opinion, one or more of the exemptions set forth 
in 5 U.S.C. 552b(2)(5), (7), (9)(A), (9)(B), and (10) and 17 CFR 
200.402(a)(5), (7), 9(i), 9(ii) and (10), permit consideration of the 
scheduled matters at the closed meeting.
    The subject matter of the closed meeting scheduled for Tuesday, 
December 18, 2001 will be:
    Institution and settlement of injunctive actions;
    Institution and settlement of administrative proceedings of an 
enforcement nature; and
    Formal orders of investigation.
    The subject matter of the open meeting scheduled for Wednesday, 
December 19, 2001 will be:
    1. The Commission will consider the Nasdaq Stock Market, Inc.'s 
request that the Commission interpret section 28(e) of the Securities 
Exchange Act of 1934 to apply to riskless principal transactions in 
certain securities in light of recent amendments to Nasdaq's trade 
reporting rules.
    For further information, please contact Catherine McGuire or Joseph 
Corcoran, Division of Market Regulation, at (202) 942-0073).
    2. The Commission will consider whether to extend an order 
exempting broker-dealers from the requirement of Securities Exchange 
Act of 1934 section 17(e)(1)(B) and rule 17a-5(c) to regularly send 
certain financial information to their customers. To take advantage of 
the exemption, a broker-dealer must send its customers certain net 
capital information and must provide its customers instructions for 
obtaining the remainder of its required financial disclosures on its 
web site or by dialing a toll-free number for a paper copy. The curernt 
order (Exchange Act Release No. 42222, December 10, 1999) granted the 
exemption for two yeaers as a pilot program ending December 31, 2001.
    For further informataion please contact Thomas K. McGowan, 
Assistant Director, Division of Market Regulation, at (202) 942-4886.
    3. The Commission will consider whether to adopt amendments to the 
disclosure requirements under the Securities Exchange Act of 1934 
applicable to annual reports filed on Forms 10-K and 10-KSB and to 
proxy and information statements. The amendments will enhance 
disclosure about equity compensation plans, including the number of 
outstanding options, warrants and rights, as well as the number of 
securities remaining available for future issuance. The amendments 
require registrants to provide information separately for plans that 
have not been approved by security holders.
    For further information, please contact Mark A. Borges, Office of 
Rulemaking, Division of Corporation Finance, at (202) 942-2910.
    4. The Commission will consider whether to adopt an amendment to 
rule

[[Page 64895]]

135b under the Securities Act of 1933. The amendment will clarify that 
an Options Disclosure Document prepared pursuant to rule 0b-1 under the 
Securities Exchange Act of 1934 is not a prospectus and therefore is 
not subject to liability under section 12(a)(2) of the Exchange Act.
    For further information, please contact Ray Be, Office of 
Rulemaking, Division of Corporation Finance, at (202) 942-2910.
    5. The Commission will consider whether to propose an amendment to 
rule 146 under the Securities Act of 1933. The proposed amendment 
provides a definition of the term ``qualified purchaser'' for purposes 
of section 18(b)(3) of the Securities Act and thus posits an additional 
``covered security'' preempting state securities registration and 
review.
    For further information, please contact Marva Simpson, Office of 
Small Business Policy, Division of Corporation Finance, at (202) 942-
2950.
    At times, changes in Commission priorities require alternations in 
the scheduling of meeting items. For further information and to 
ascertain what, if any, matters have been added, deleted or postponed, 
please contact: The Office of the Secretary at (202) 942-7070.

    Dated: December 11, 2001.
Jonathan G. Katz,
Secretary.
[FR Doc. 01-30979 Filed 12-12-01; 11:43 am]
BILLING CODE 8010-01-M