[Federal Register Volume 67, Number 235 (Friday, December 6, 2002)]
[Notices]
[Page 72711]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-31022]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meeting

    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 
December 9, 2002:

A Closed Meeting will be held on Tuesday, December 10, 2002, at 10 
a.m., and an Open Meeting will be held on Wednesday, December 11, 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.
    The subject matter of the Closed Meeting scheduled for Tuesday, 
December 10, 2002 will be:

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

    The subject matter of the Open Meeting scheduled for Wednesday, 
December 11, 2002 will be:
    1. The Commission will consider whether to adopt the repeal of Rule 
11Ac1-7 under the Securities Exchange Act of 1934. Rule 11Ac1-7 
requires a broker-dealer to disclose to its customer when the 
customer's order for listed options is executed at a price inferior to 
a better published quote, and to disclose the better published quote 
available at that time, unless the broker-dealer effects the 
transaction on an exchange that participates in an approved linkage 
plan.
    2. The Commission will consider whether to propose amendments to 
Forms N-1A, N-2, N-3, proposed Form N-CSR, and Articles 6 and 12 of 
Regulation S-X as well as new rule 30b1-4 and new Form N-Q under the 
Investment Company Act. The proposals would (1) require a registered 
management investment company to file a schedule of its complete 
portfolio holdings with the Commission on a quarterly basis; (2) permit 
a registered management investment company to include a summary 
portfolio schedule in reports to shareholders and exempt money market 
funds from including a portfolio schedule in reports to shareholders, 
provided that the complete portfolio schedule is filed with the 
Commission and available to shareholders upon request; (3) require a 
registered management investment company to include a tabular or 
graphic presentation of a fund's portfolio holdings in its reports to 
shareholders; (4) require a mutual fund to disclose in its reports to 
shareholders fund expenses borne by shareholders during the reporting 
period; and (5) require a mutual fund to include Management's 
Discussion of Fund Performance in its annual report to shareholders.
    3. The Commission will consider whether to adopt amendments to rule 
203A-2(f) under the Investment Advisers Act of 1940 to exempt certain 
investment advisers that provide advisory services through the Internet 
from the prohibition on Commission registration.
    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: December 3, 2002.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 02-31022 Filed 12-4-02; 12:58 pm]
BILLING CODE 8010-01-P