[Federal Register Volume 67, Number 218 (Tuesday, November 12, 2002)]
[Notices]
[Pages 68702-68703]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-28806]


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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, Public Law 94-409, that the Securities 
and Exchange Commission will hold the following meetings during the 
week of November 11, 2002:
    An Open Meeting will be held on Wednesday, November 13, 2002, at 10 
a.m., in Room 1C30, the William O. Douglas Room, and a Closed Meeting 
will be held on Thursday, November 14, 2002, at 10 a.m.
    Commissioner Atkins, as duty officer, determined that no earlier 
notice thereof was possible.
    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 meeting.
    The subject matter of the open meeting scheduled for Wednesday, 
November 13, 2002 will be:

[[Page 68703]]

    1. The Commission will consider whether to adopt proposed 
amendments to Form N-4, the registration form for insurance company 
separate accounts that are registered as unit investment trusts and 
that offer variable annuity contracts. The amendments would revise the 
format of the fee table of Form N-4 to require disclosure of the range 
of total expenses for all of the mutual funds offered through the 
separate account, rather than disclosure of the expenses of each fund. 
The Commission will also consider whether to adopt an amendment to the 
fee table of Form N-6, the registration form for variable life 
insurance policies that would require disclosure of the range of total 
expenses for all of the mutual funds offered, consistent with the 
amendments to the fee table of Form N-4.
    2. The Commission will consider whether to propose for comment an 
amendment to Securities Exchange Act of 1934 (``Exchange Act'') Rule 
17a-5(c) that would codify relief the Commission granted in a pilot 
program that exempted broker-dealers from the requirement of Exchange 
Act Section 17(e)(1)(B) and Rule 17a-5(c) thereunder to send their full 
balance sheet and certain net capital information to their customers 
twice a year. To take advantage of the exemption, a broker-dealer must 
send its customers the net capital information and must provide its 
customers instructions for obtaining its full balance sheet on its Web 
site and by request to a toll-free telephone number. The Commission 
will also consider whether to extend interim relief for three months, 
to March 31, 2003. The Commission granted the relief as a two-year 
pilot program ending December 31, 2001 (Exchange Act Release No. 42222, 
December 10, 1999) and then extended the program for one year, to 
December 31, 2002 (Exchange Act Release No. 45179, December 20, 2001).
    The subject matter of the Closed Meeting scheduled for Thursday, 
November 14, 2002 will be:
    Formal order of investigation;
    Institution and settlement of administrative proceedings of an 
enforcement nature; and
    Institution and settlement of injunctive actions.
    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: November 7, 2002.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 02-28806 Filed 11-7-02; 8:45 am]
BILLING CODE 8010-01-M