[Federal Register Volume 67, Number 134 (Friday, July 12, 2002)]
[Notices]
[Pages 46220-46221]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-17610]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meetings

    Notice is hereby given, pursuant to the provisions of the 
Government in the Sunshine Act, Pub. L. 94-409, that the Securities and 
Exchange Commission will hold the following meetings during the week of 
July 15, 2002:

    Closed Meetings will be held on Tuesday, July 16, 2002, at 10 
a.m., and Thursday, July 18, 2002, at 10 a.m., and an Open Meeting 
will be held on Wednesday, July 17, 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)(3), (5), (7), (9)(B), and (10) and 17 CFR 
200.402(a)(3), (5), (7), (9)(ii) and (10), permit consideration of the 
scheduled matters at the closed meetings.
    The subject matter of the Closed Meeting scheduled for Tuesday, 
July 16, 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 Closed Meeting scheduled for Thursday, 
July 18, 2002, will be:

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

    The subject matter of the Open Meeting scheduled for Wednesday, 
July 17, 2002, will be:

    1. The Commission will consider whether to propose amendments to 
rule 206(4)-2, the custody rule under the Investment Advisers Act of 
1940, to enhance the protections afforded to advisory clients' 
assets, harmonize the rule with current custodial practices, and 
clarify circumstances under which advisers have custody of client 
assets.
    2. The Commission will consider whether to adopt amendments to 
rule 17a-8 under the Investment Company Act of 1940. The proposed 
amendments to rule 17a-8 would expand the types of business 
combinations permitted by the rule and make the rule available for 
mergers between registered investment companies and certain 
unregistered entities. The proposed amendments to rule 17a-8 are 
designed to reduce burdens on investment companies by permitting 
investment companies to enter into mergers that present little risk 
of overreaching without first obtaining an exemptive order from the 
Commission.
    3. The Commission will consider whether to propose exemptions 
for most standardized options from provisions of the Securities Act 
of 1933 and from the registration requirements of the Securities 
Exchange Act of 1934. The proposals would ensure comparable 
regulatory treatment of standardized options and security futures 
products.
    4. The Commission will consider whether to amend the Privacy Act 
System of Records for Enforcement Files (SEC-42) to clarify that 
disclosures may be made in connection with debt collection 
activities, including disclosures to credit reporting bureaus, to 
update statutory and regulatory references and addresses of system 
administrators, and to append a statement regarding previously 
published Privacy Act exemptions claimed for the system.

    At times, changes in Commission priorities require alterations in 
the

[[Page 46221]]

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: July 9, 2002.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 02-17610 Filed 7-9-02; 4:17 pm]
BILLING CODE 8010-01-M