[Federal Register Volume 69, Number 7 (Monday, January 12, 2004)]
[Notices]
[Pages 1768-1769]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-677]


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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 
January 12, 2004:
    Closed Meetings will be held on Tuesday, January 13, 2004 at 2 p.m. 
and Thursday, January 15, 2004 at 2 p.m., and an Open Meeting will be 
held on Wednesday, January 14, 2004 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 Meetings. 
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), (6), (7), (9B), and (10) and 17 CFR 
200.402(a) (3), (5), (6), (7), (9ii), and (10), permit consideration of 
the scheduled matters at the Closed Meetings.
    Commissioner Goldschmid, as duty officer, voted to consider the 
items listed for the closed meetings in closed sessions and that no 
earlier notice thereof was possible.
    The subject matter of the Closed Meeting scheduled for Tuesday, 
January 13, 2004 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, 
January 14, 2004 will be:
    1. The Commission will consider whether to propose new rule 204A-1 
under the Investment Advisers Act of 1940 (``Advisers Act''). The 
proposed rule would require investment advisers to adopt codes of 
ethics that would set forth standards of conduct for advisory 
personnel, safeguard material nonpublic information about client 
transactions, and address conflicts that arise from personal trading by 
advisory personnel. The Commission will also consider whether to 
propose related amendments to Advisers Act rule 204-2, Advisers Act 
Form ADV, and rule 17j-1 under the Investment Company Act of 1940.
    For further information, please contact Robert Tuleya at (202) 942-
0719.
    2. The Commission will consider whether to propose amendments to 
rules 0-1, 10f-3, 12b-1, 15a-4, 17a-7, 17a-8, 17d-1, 17e-1, 17g-1, 18f-
3, and 23c-3, to require investment companies that rely on certain 
exemptive rules to adopt certain governance practices. The Commission 
also will consider whether to propose an amendment to rule 31a-2, the 
investment company recordkeeping rule, to require that investment 
companies retain copies of written materials that the directors 
consider when approving investment advisory contracts.
    For further information, please contact Catherine E. Marshall at 
(202) 942-0719.
    3. The Commission will consider whether to propose new rules 15c2-2 
and 15c2-3 under the Securities Exchange Act of 1934, and amendments to 
the confirmation requirements of rule 10b-10 under that Act, to require 
improved disclosure to investors about costs and conflicts of interest 
arising from the distribution of open-end investment company shares, 
unit investment trust interests and municipal fund securities. The 
proposed new rules and rule amendments would require brokers, dealers 
and municipal securities dealers to provide investors with specific 
information about distribution-related costs and conflicts prior to 
purchase transactions involving those securities, and as part of 
transaction confirmations. The amendments would also expand 
confirmation disclosure of call

[[Page 1769]]

provisions in debt securities and preferred stock.
    The Commission will also consider whether to propose amendments to 
Form N-1A with respect to the disclosure of sales loads and revenue 
sharing payments.
    For further information, please contact Joshua Kans at (202) 942-
0073 concerning rules 15c2-2, 15c2-3 and 10b-10, and Tara Royal at 
(202) 942-7973 concerning Form N-1A.
    The subject matter of the Closed Meeting scheduled for Thursday, 
January 15, 2004 will be: Report of an investigation.
    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 7, 2004.
Jonathan G. Katz,
Secretary.
[FR Doc. 04-677 Filed 1-8-04; 12:11 pm]
BILLING CODE 8010-01-P