[Federal Register Volume 74, Number 109 (Tuesday, June 9, 2009)]
[Notices]
[Pages 27359-27360]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-13349]


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SECURITIES AND EXCHANGE COMMISSION

[Release Nos. 33-9037; 34-60032; IC-28757; File No. 265-25]


Investor Advisory Committee

AGENCY: Securities and Exchange Commission.

ACTION: Notice of Federal Advisory Committee Establishment.

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SUMMARY: The Chairman of the Securities and Exchange Commission 
(``Commission''), with the concurrence of the other Commissioners, 
intends to establish the Securities and Exchange Commission Investor 
Advisory Committee (``the Committee'').

ADDRESSES: Written comments may be submitted by the following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/other/shtml); or
     Send an e-mail to [email protected]. Please include 
File No. 265-25 on the subject line.

Paper Comments

     Send paper comments in triplicate to Elizabeth M. Murphy, 
Secretary, Securities and Exchange Commission, 100 F Street, NE., 
Washington 20549-1090.

All submissions should refer to File No. 265-25. This file number 
should be included on the subject line if e-mail is used. To help us 
process and review your comments more efficiently, please use only one 
method. The Commission will post all comments on the Commission's 
Internet Web site (http://www.sec.gov/rules/other/shtml). Comments will 
also be available for public inspection and copying in the Commission's 
Public Reference Room, 100 F Street, NE., Washington DC 20549, on 
official business days between the hours of 10 a.m. and 3 p.m. All 
comments received will be posted without change; we do not edit 
personal identifying information from submissions. You should submit 
only information that you wish to make available publicly.

FOR FURTHER INFORMATION CONTACT: Kayla Gillan, Deputy Chief of Staff, 
at (202) 551-2100, Securities and Exchange Commission, 100 F Street, 
NE., Washington DC 20549.

SUPPLEMENTARY INFORMATION: In accordance with the requirements of the 
Federal Advisory Committee Act, 5 U.S.C.--App.1, the Commission is 
publishing this notice that the Chairman of the Commission, with the 
concurrence of the other Commissioners, intends to establish the 
Committee. The Committee's objective is to provide the Commission with 
the views of a broad spectrum of investors on their priorities 
concerning the Commission's regulatory agenda.
    To achieve the Committee's goals, between 14 and 18 members will be 
appointed who can represent effectively the varied interests affected 
by the range of issues to be considered. The Committee's membership may 
include investors or investor representatives from a broad spectrum of 
institutions, such as mutual funds, foundations, and pension funds; 
investors representing different geographical regions; investors of 
different sizes and investment strategies; and individual investors. 
The Committee's membership will be fairly balanced in terms of points 
of view represented and the functions to be performed.
    The Committee may be established 15 days after publication of this 
notice by filing a charter for the Committee with the Committee on 
Banking, Housing, and Urban Affairs of the United States Senate and the 
Committee on Financial Services of the United States House of 
Representatives. A copy of the charter as so filed also will be filed 
with the Chairman of the Commission, furnished to the Library of 
Congress, placed in the Public Reference Room at the Commission's 
headquarters and posted on the Commission's Web site at http://www.sec.gov. The Committee's objective is to provide the Commission 
with the views of a broad spectrum of investors on their priorities 
concerning the Commission's regulatory agenda, including:
    (1) Advising the Commission regarding matters of concern to 
investors in the securities markets;
    (2) providing the Commission with investors' perspectives on 
current, non-enforcement, regulatory issues; and
    (3) serving as a source of information and recommendations to the 
Commission regarding the Commission's regulatory programs from the 
point of view of investors.
    The Committee will operate for two years from the date it is 
established unless, before the expiration of that time period, its 
charter is re-established or renewed in accordance with the Federal 
Advisory Committee Act or unless the Commission determines that the 
Committee's continuance is no longer in the public interest.
    The Committee will meet at such intervals as are necessary to carry 
out its functions. The charter will provide that meetings of the full 
Committee are expected to occur no more frequently than four times per 
year. Meetings of subgroups or subcommittees of the full Committee may 
occur more frequently.
    The charter will provide that the duties of the Committee are to be 
solely advisory. The Commission alone will make any determinations of 
action to be taken and policy to be expressed with respect to matters 
within the Commission's authority as to which the Committee provides 
advice or makes recommendations.

[[Page 27360]]

    The Chairman of the Commission affirms that the establishment of 
the Committee is necessary and in the public interest.

    By the Commission.

    Dated: June 3, 2009.
Elizabeth M. Murphy,
Secretary.
[FR Doc. E9-13349 Filed 6-8-09; 8:45 am]
BILLING CODE 8010-01-P