[Federal Register Volume 70, Number 39 (Tuesday, March 1, 2005)]
[Notices]
[Pages 10005-10006]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-3995]


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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 
February 28, 2005:

    A Closed Meeting will be held on Wednesday, March 2, 2005 at 10 
a.m., and an Open Meeting will be held on Thursday, March 3, 2005 at 
10 a.m. in Room 1C30, William O. Douglas Meeting 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), (5), (7), (9)(B), and (10) and 17 CFR 
200.402(a)(3), (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 and that no earlier 
notice thereof was possible.
    The subject matter of the Closed Meeting scheduled for Wednesday, 
March 2, 2005, will be:
    Formal orders of investigations;
    Institution and settlement of injunctive actions; and
    Institution and settlement of administrative proceedings of an 
enforcement nature.
    The subject matters of the Open Meeting scheduled for Thursday, 
March 3, 2005, will be:

    1. The Commission will consider whether to adopt new rule 22c-2 
under the Investment Company Act of 1940. The rule would allow 
registered open-end investment companies (``funds'') to impose a 
redemption fee, not to exceed two percent of the amount redeemed, to 
be retained by the fund. The new rule also would require funds to 
enter into written agreements with intermediaries (such as broker-
dealers and retirement plan administrators) that hold fund shares on 
behalf of other investors, under which the intermediaries must agree 
to (i) provide funds with certain shareholder identity and 
transaction information at the request of the fund, and (ii) 
implement fund instructions to implement trading restrictions 
against traders the fund has identified as violating the fund's 
market timing policies. The Commission is also seeking additional 
comment on whether it should establish uniform standards for 
redemption fees charged under the rule.
    2. The Commission will consider whether to propose a new rule, 
under the Securities Exchange Act of 1934, that would define the 
term ``nationally recognized statistical rating organization'' (or 
``NRSRO'').
    3. The Commission will consider whether to approve the budget of 
the Public Company Accounting Oversight Board and will consider the 
annual accounting support fees under section 109 of the Sarbanes-
Oxley Act of 2002.


[[Page 10006]]


    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: February 24, 2005.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 05-3995 Filed 2-25-05; 11:34 am]
BILLING CODE 8010-01-P