[Federal Register Volume 68, Number 14 (Wednesday, January 22, 2003)]
[Notices]
[Page 3062]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-1492]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meeting

FEDERAL REGISTER CITATION OF PREVIOUS ANNOUNCEMENT: [To be published].

STATUS: Open Meeting.

PLACE: 450 Fifth Street, NW., Washington, DC.

ANNOUNCEMENT OF OPEN MEETING: Additional Meeting.
    An additional Open Meeting will be held on Thursday, January 23, 
2003 at 10 a.m., in Room 1C30, the William O. Douglas Room. The Closed 
Meeting previously announced to be held on Thursday, January 23, 2003 
at 10 a.m. has been scheduled to immediately follow the Open Meeting on 
Thursday, January 23, 2003.
    Commissioner Goldschmid, as duty officer, determined that not 
earlier notice thereof was possible.
    The following items previously announced for the January 22, 2003 
Open Meeting will be considered during the January 23, 2003 Open 
Meeting.
    1. The Commission will consider adopting rules to establish 
standards of professional conduct for attorneys who appear and practice 
before the Commission in any way in the representation of issuers. As 
proposed, the rules would require an attorney to report evidence of a 
material violation of securities laws, a material breach of fiduciary 
duty, or similar material violation by the issuer or by any officer, 
director, employee, or agent of the issuer to the issuer's chief legal 
officer or the chief executive officer of the company (or the 
equivalents); if they do not respond appropriately to the evidence, the 
rule would require the attorney to report the evidence to the issuer's 
audit committee, another committee of independent directors, or the 
full board of directors; if the directors do not respond appropriately, 
the rule would require or permit the attorney to withdraw and notify 
the Commission of the withdrawal.
    2. The Commission will consider whether to adopt amendments to its 
registration and reporting forms for registered management investment 
companies, as well as new rule 30b1-4 and new form N-PX under the 
Investment Company Act of 1940. These rules would require mutual funds 
and other registered management investment companies to disclose the 
policies and procedures that they use to determine how to vote proxies 
relating to portfolio securities. They would also require registered 
management investment companies to file with the Commission on an 
annual basis, and make available to shareholders, their proxy voting 
records.
    3. The Commission will consider whether to adopt a new rule and 
amendments to its recordkeeping rules for registered investment 
advisers under the Investment Advisers Act. The new rule would require 
investment advisers to adopt proxy voting policies and procedures, 
describe the policies and procedures to clients and provide clients 
with copies on request, and disclose how clients can obtain information 
about how the adviser voted their proxies. The recordkeeping amendments 
would require advisers to keep certain records regarding client 
proxies.
    At times, changes in Commission priorities 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 16, 2003.
Jonathan G. Katz,
Secretary.
[FR Doc. 03-1492 Filed 1-17-03; 2:21 pm]
BILLING CODE 8010-01-M