[Federal Register Volume 68, Number 239 (Friday, December 12, 2003)]
[Notices]
[Page 69429]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-30935]


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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 
December 15, 2003:
    A Closed Meeting will be held on Tuesday, December 16, 2003 at 2 
p.m., and an Open Meeting will be held on Wednesday, December 17, 2003, 
at 10 a.m. in Room 1C30, the William O. Douglas Room.
    Commissioner Campos, 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)(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.
    Commissioner Campos, as duty officer, voted to consider the items 
listed for the closed meeting in closed session.
    The subject matter of the Closed Meeting scheduled for Tuesday, 
December 16, 2003 will be:

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

    The subject matter of the Open Meeting scheduled for Wednesday, 
December 17, 2003 will be:
    1. The Commission will consider whether to approve a proposed rule 
change by the New York Stock Exchange to amend and restate its 
Constitution to reform the governance and management architecture of 
the Exchange.
    For further information, please contact Rebekah Liu, at (202) 942-
0133.
    2. The Commission will consider whether to propose amendments to 
Form N-1A under the Securities Act of 1933 and the Investment Company 
Act of 1940 that would require an open-end management investment 
company to provide enhanced prospectus disclosure regarding breakpoint 
discounts on front-end sales loads.
    For further information, please contact Christian L. Broadbent at 
(202) 942-0721.
    3. The Commission will consider whether to issue a concept release 
on mutual fund transaction costs. The release would seek public comment 
on whether mutual funds should be required to quantify and disclose to 
investors as a separate line item the amount of transaction costs they 
incur; include transaction costs in their expense ratios and fee 
tables; provide other quantitative measures or additional disclosure 
that would provide investors an indication of the level of the 
investment company's transaction costs; or some combination of the 
above. The release also would seek comment on whether mutual funds 
should be required to record transaction costs or the portion of those 
costs that represent soft dollar benefits (i.e., the non-execution 
portion) as an expense in their financial statements.
    For further information contact: Paul Goldman at (202) 942-0510.
    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 10, 2003.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 03-30935 Filed 12-10-03; 8:45 am]
BILLING CODE 8010-01-P