[Federal Register Volume 68, Number 100 (Friday, May 23, 2003)]
[Notices]
[Page 28302]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-13081]


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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 
May 26, 2003:

A Closed Meeting will be held on Tuesday, May 27, 2003 at 2 p.m., and 
an Open Meeting will be held on Wednesday, May 28, 2003 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)(4), (5), (7), (8), (9)(B) and (10) and 17 CFR 
200.402(a)(4), (5), (7), (8), (9)(ii) and (10), permit consideration of 
the scheduled matters at the Closed Meeting.
    The subject matter of the Closed Meeting scheduled for Tuesday, May 
27, 2003 will be:

Institution and settlement of administrative proceedings of an 
enforcement nature;
Institution and settlement of injunctive actions;
Consideration of amicus participation; and
Formal orders of investigation.
    The subject matter of the Open Meeting scheduled for Wednesday, May 
28, 2003 will be:
    1. The Commission will consider whether to adopt new rule 2a-8 
under the Investment Company Act of 1940 that would provide a 
nonexclusive safe harbor from the definition of investment company for 
certain bona fide research and development companies.
    2. The Commission will consider whether to adopt rules that were 
proposed in Release No. 33-8138 (Oct. 22, 2002) [67 FR 66208] regarding 
Section 404 of the Sarbanes-Oxley Act of 2002 and rules proposed in 
Release 33-8212 (March 21, 2003 [68 FR 15600] regarding Sections 302 
and 906 of the Sarbanes-Oxley Act. The rules to implement Section 404 
of the Sarbanes-Oxley Act of 2002 would require a public company, other 
than registered investment companies, to include in their annual 
reports a report of management on the company's internal control over 
financial reporting. Under the rules, the registered public accounting 
firm that audited the company's financial statements included in the 
annual report must issue an attestation report on management's 
assessment of the company's internal control over financial reporting. 
Companies would be required to file the registered public accounting 
firm's attestation report as part of the annual report. In addition, 
the rules add a requirement that management evaluate, as of the end of 
each fiscal quarter, any change in the company's internal control over 
financial reporting that occurred during such quarter that has 
materially affected, or is reasonably likely to materially affect, the 
company's internal control over financial reporting. The Commission 
will also consider whether to adopt amendments to the rules and forms 
under the Securities Exchange Act of 1934 and the Investment Company 
Act of 1940 to require issuers to provide the certifications required 
by Sections 302 and 906 of the Sarbanes-Oxley Act of 2002 as exhibits 
to the periodic reports to which they relate.
    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: May 19, 2003.
Jonathan G. Katz,
Secretary.
[FR Doc. 03-13081 Filed 5-20-03; 4:25 pm]
BILLING CODE 8010-01-M