[Federal Register Volume 69, Number 237 (Friday, December 10, 2004)]
[Notices]
[Pages 71856-71857]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-27251]


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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 13, 2004:
    A closed meeting will be held on Tuesday, December 14, 2004 at 2 
p.m. and an Open meeting will be held on Wednesday, December 15, 2004 
at 2 p.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)(3), (4), (5), (7), (8), (9)(B), and (10) and 17 CFR 
200.402(a)(3), (4), (5), (7), (8), 9(ii) and (10), permit consideration 
of the scheduled matters at the closed meeting.
    Commissioner Atkins, as duty officer, voted to consider the items 
listed for the closed meeting in closed session and determined that no 
earlier notice thereof was possible.
    The subject matter of the closed meeting scheduled for Tuesday, 
December 14, 2004, will be:
    Formal orders of investigations;
    Institution and settlement of injunctive actions;
    Institution and settlement of administrative proceedings of an 
enforcement nature; and a regulatory matter regarding a financial 
institution.
    The subject matter of the Open Meeting scheduled for Wednesday, 
December 15, 2004 will be:
    1. The Commission will consider whether to republish for public 
comment proposed rules under Regulation NMS and two amendments to the 
joint industry plans for disseminating market information, to give the 
public an opportunity to review and comment on proposed modifications 
to the original rule text to reflect comments received. In particular, 
the Commission will consider whether to repropose the follow rules and 
amendments:
    A. Rule 611 of Regulation NMS (``Order Protection Rule''), which 
would establish marketwide price protection for automated quotations 
that are immediately accessible;
    B. Rule 610 of Regulation NMS (``Access Rule''), which would 
promote fair and non-discriminatory access to quotations through a 
private access approach and establish a limit on access fees to 
harmonize the pricing of quotations across different trading centers;
    C. Rule 612 of Regulation NMS (``Sub-Penny Rule''), which would 
establish a uniform pricing increment of no less than a penny for 
orders, quotations, or indications of interest, except for those priced 
at less than $1.00 per share;
    D. Amendments to Rules 11Aa3-1 and 11Ac1-2 under the Securities 
Exchange Act of 1934 (``Exchange Act'') (redesignated as Rule 601 and 
603 of Regulation NMS) (``Market Data Rules''), which would update the 
requirements for consolidating, distributing, and displaying market 
information, and amendments to the joint industry plans for 
disseminating market information that would modify the formulas for 
allocating plan revenues (``Allocation Amendment'') and broaden

[[Page 71857]]

 participation in plan governance (``Governance Amendment''); and
    E. Redesignation of the national market system (``NMS'') rules 
adopted under the Exchange act and inclusion of those rules, as well as 
proposed Rules 610, 611, and 612, under Regulation NMS. Regulation NMS 
would also include a separate definitional rule that would (i) retain 
most of the definitions currently used in the NMS rules, (ii) include 
new definitions related to the reproposed rules, and (iii) update or 
eliminate obsolete definitions in the NMS rules.
    For further information, please contact Jennifer Colihan, Special 
Counsel, at (202) 942-0735 (Order Protection Rule); David Liu, 
Attorney, at (202) 942-8085 (Access Rule); Ronesha Butler, Special 
Counsel, at (202) 942-0791 (Sub-Penny Rule); Sapna Patel, Special 
Counsel, at (202) 942-0166 (Market Data Rules, Allocation Amendment, 
and Governance Amendment); or Yvonne Fraticelli, Special Counsel, at 
(202) 942-0197 (Regulation NMS).
    2. The Commission will consider whether to adopt new and amended 
rules and forms to address the registration, disclosure and reporting 
requirements for asset-backed securities under the Securities Act of 
1933 and the Securities Exchange Act of 1934. The new and amended rules 
and forms relate to four primary regulatory areas: Securities Act 
registration; disclosure requirements; communications during the 
offering process; and ongoing reporting under the Exchange Act.
    For further information, please contact Jeffrey J. Minton, Special 
Counsel, or Jennifer G. Williams, Attorney-Advisor, Office of 
Rulemaking, Division of Corporation Finance, at (202) 942-2910.
    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 8, 2004.
Jonathan G. Katz,
Secretary.
[FR Doc. 04-27251 Filed 2-8-04; 8:45 am]
BILLING CODE 8010-01-M