[Federal Register Volume 70, Number 64 (Tuesday, April 5, 2005)]
[Notices]
[Pages 17270-17271]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-6740]


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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, Public Law 94-409, that the Securities 
and Exchange Commission will hold the following meetings during the 
week of April 4, 2005:
    A closed meeting will be held on Tuesday, April 5, 2005, at 2 p.m., 
and an open meeting will be held on Wednesday, April 6, 2005, at 10 
a.m. in Room 1C30.
    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 Atkins, 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 Tuesday, 
April 5, 2005, will be:
    Formal orders of investigations;
    Institution and settlement of injunctive actions;
    Institution and settlement of administrative proceedings of an 
enforcement nature; and an
    Adjudicatory matter.
    The subject matter of the open meeting scheduled for Wednesday, 
April 6, 2005, will be:
    1. The Commission will consider a recommendation regarding the 
application of the Investment Advisers Act of 1940 to certain broker-
dealers. (See Advisers Act Release No. 1845, Advisers Act Release No. 
2278, Advisers Act Release No. 2339, and Advisers Act Release No. 
2340).
    2. The Commission will consider whether to adopt Regulation NMS and

[[Page 17271]]

two amendments to the joint industry plans for disseminating market 
information. In particular, the Commission will consider whether to 
adopt the following 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 
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 
Rules 610, 611, and 612, under Regulation NMS. Regulation NMS also 
would 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 rules being considered for adoption, and 
(iii) update or eliminate obsolete definitions in the NMS rules.
    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: March 30, 2005.
Jonathan G. Katz,
Secretary.
[FR Doc. 05-6740 Filed 3-31-05; 4:42 pm]
BILLING CODE 8010-01-P