[Federal Register Volume 67, Number 91 (Friday, May 10, 2002)]
[Notices]
[Page 31856]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-11876]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meeting Notice

    Notice is hereby given, pursuant to the provisions of the 
Government in the Sunshine Act, Public Law 94-409, that the Securities 
and Exchange Commission will hold the following meetings during the 
week of May 13, 2002:

    A closed meeting will be held on Monday, May 13, 2002, at 10 
a.m., and an open meeting will be held on Tuesday, May 14, 2002, at 
10 a.m., in Room 1C30, the William O. Douglas Room.

    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(c)(5), (7), (9)(B), and (10) and 17 CFR 200.402(a)(5), 
(7), (9)(ii) and (10), permit consideration of the scheduled matters at 
the closed meeting.
    Commissioner Hunt, as duty officer, determined that no earlier 
notice thereof was possible.
    The subject matter of the close meeting scheduled for Monday, May 
13, 2002, will be:

Formal orders of investigation;
Institution and settlement of injunctive actions; and
Institution and settlement of administrative proceedings of an 
enforcement nature.

    The subject matter of the open meeting scheduled for Tuesday, May 
14, 2002, will be:
    1. The Commission will consider whether to jointly adopt a new rule 
with the Commodity Futures Trading Commission (``CFTC'') generally 
requiring that the final settlement price for each cash-settled 
security futures product fairly reflect the opening price of the 
underlying security or securities, and that trading in any security 
futures product halt when a regulatory halt is instituted with respect 
to a security or securities underlying the security futures product by 
the national securities exchange or national securities association 
listing the security. The rule being considered would set forth more 
specifically how the exchange's or association's rules can satisfy 
provisions added to the Commodity Exchange Act (``CEA'') and the 
Securities Exchange Act of 1934 (``Exchange Act'') by the Commodity 
Futures Modernization Act of 2000. The Commission will also consider 
whether to issue a joint interpretation with the CFTC of the statutory 
requirement under the CEA and the Exchange Act that procedures be put 
in place for coordinated surveillance among the markets trading 
security futures products and any market trading any security 
underlying the security futures products or any related security.
    2. The Commission will consider whether to propose amendments to 
Rules 134, 156, and 482 under the Securities Act of 1933; Rule 34b-1 
under the Investment Company Act of 1940; and four investment company 
registration forms (Forms N-1A, N-3, N-4, and N-6). The proposed 
amendments would require enhanced disclosure in mutual fund 
advertisements and are designed to encourage advertisements that convey 
balanced information to prospective investors, particularly with 
respect to past performance. The proposed amendments also would 
implement a provision of the National Securities Markets Improvement 
Act of 1996 by eliminating the requirement that Rule 482 advertisements 
for an investment company contain only information the substance of 
which is included in the investment company's statutory prospectus.
    At times, changes in Commission priorities require alterations 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: May 7, 2002.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 02-11876 Filed 5-8-02; 12:18 pm]
BILLING CODE 8010-01-M