[Federal Register Volume 68, Number 7 (Friday, January 10, 2003)]
[Notices]
[Pages 1492-1493]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-668]


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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, Public Law 94-409, that the Securities 
and Exchange Commission will hold the following meetings during the 
week of January 13, 2003: A Closed Meeting will be held on Tuesday, 
January 14, 2003, at 10 a.m., and an Open Meeting will be held on 
Wednesday, January 15, 2003, at 10 a.m., in Room 1C30, the William O. 
Douglas Room.
    Commissioner Glassman, 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 Closed Meeting scheduled for Tuesday, 
January 14, 2003 will be:

Institution and settlement of administrative proceedings of an 
enforcement nature;
Institution and settlement of injunctive actions; and

[[Page 1493]]

Amicus participation.

    The subject matter of the Open Meeting scheduled for Wednesday, 
January 15, 2003 will be:
    1. The Commission will consider adopting new rules and amendments 
regarding the use of pro forma financial information in order to 
implement Section 401(b) of the Sarbanes-Oxley Act of 2002. In 
addition, the Commission will consider an amendment to Form 8-K 
requiring the submission of earnings announcements and releases.
    2. The Commission will consider whether to adopt new rules to 
prohibit an issuer's directors and executive officers from purchasing, 
selling or otherwise acquiring or transferring any equity security of 
the issuer during a pension plan blackout period that prevents plan 
participants or beneficiaries from engaging in equity securities 
transactions, if the equity security was acquired in connection with 
the director or executive officer's service or employment as a director 
or executive officer. These rules implement Section 306(a) of the 
Sarbanes-Oxley Act of 2002. In addition, the rules will require issuers 
to provide advance notice to their directors and executive officers and 
the Commission of the imposition of a pension plan blackout period.
    3. The Commission will consider whether to adopt new disclosure 
requirements mandated by Sections 406 and 407 of the Sarbanes-Oxley Act 
of 2002. The new rules require a company subject to the reporting 
requirements of the Securities Exchange Act of 1934 to disclose: (1) 
Whether it has adopted a code of ethics that applies to certain of its 
senior officers; and (2) whether a financial expert serves on the 
company's audit committee. The Commission will consider whether to 
adopt rules under Section 404 of the Sarbanes-Oxley Act relating to 
internal control reports by management in a separate release at a later 
date--these rules were proposed in the same release as the rules under 
Sections 406 and 407.
    4. The Commission will consider whether to adopt Regulation Analyst 
Certification, a new rule that would require research analysts to 
provide certifications regarding the views they express in research 
reports and public appearances and to provide disclosures regarding any 
compensation they may have received related to those views and 
recommendations.
    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: January 8, 2003.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 03-668 Filed 1-8-03; 4:00 pm]
BILLING CODE 8010-01-P