[The Regulatory Plan and Unified Agenda of Federal Regulatory and Deregulatory Actions]
[Securities and Exchange Commission Semiannual Regulatory Agenda
]
[From the U.S. Government Printing Office, www.gpo.gov]



[[Page 65503]]

_______________________________________________________________________

Part LXIII





Securities and Exchange Commission





_______________________________________________________________________



Semiannual Regulatory Agenda

[[Page 65504]]



Securities and Exchange Commission (SEC)                               


  



_______________________________________________________________________

SECURITIES AND EXCHANGE COMMISSION

17 CFR Ch. II

Release Nos. 33-7739, 34-41874, 35-27074, 39-2375, IC-24007, IA-1826, 
File No. S7-20-998

Regulatory Flexibility Agenda

AGENCY:  Securities and Exchange Commission.

ACTION:  Semiannual regulatory agenda.

_______________________________________________________________________

SUMMARY:  The Securities and Exchange Commission is publishing an 
agenda of its rulemaking actions, pursuant to the Regulatory 
Flexibility Act. Information in the agenda was accurate on September 
14, 1999, the date on which the Commission's staff completed 
compilation of the data. To the extent possible, rulemaking actions by 
the Commission since that date have been reflected in the agenda. The 
Commission invites questions and public comment on the agenda and on 
the individual agenda entries. The Commission provides notice under 
Section 610 of the Regulatory Flexibility Act, which requires a review 
of certain rules and public notice of the intent to perform those 
reviews, at the end of the calendar year in a separate Federal Register 
publication, and on its web site, www.sec.gov.

DATES:  Public comments are due by December 30, 1999.

ADDRESSES:  Persons wishing to submit written comments should file 
three copies of their comments with Jonathan G. Katz, Secretary, 
Securities and Exchange Commission, 450 5th Street NW., Room 6184, Stop 
6-9, Washington, DC 20549. All submissions should refer to File No. S7-
20-99 and will be available for public inspection and copying at the 
Commission's Public Reference Room, Room 1026, at the same address.

FOR FURTHER INFORMATION CONTACT:  Anne H. Sullivan, Office of the 
General Counsel, 202-942-0954.

SUPPLEMENTARY INFORMATION:  The Regulatory Flexibility Act (RFA) (Pub. 
L. No. 96-354, 94 Stat. 1164 (September 19, 1980)) requires each 
Federal agency, during April and October of each year, to publish in 
the Federal Register an agenda identifying rules which the agency 
expects to propose or adopt that are likely to have a significant 
economic impact on a substantial number of small entities (5 U.S.C. 
602(a)). The RFA specifically provides that publication of the agenda 
does not preclude an agency from considering or acting on any matter 
not included in the agenda, and that an agency is not required to 
consider or act on any matter which is included in the agenda (5 U.S.C. 
602(d)). The agenda includes new entries, entries carried over from 
previous publications, and rulemaking actions which have been completed 
(or withdrawn) since publication of the last agenda.

     The RFA also requires agencies to review rules which have a 
significant economic impact on a substantial number of small 
entities within ten years, and to provide public notice of the 
intent to perform those reviews (5 U.S.C. 610(a)). The Commission 
provides that notice annually by separate publication in the 
Federal Register at the end of the calendar year. In addition, the 
1998 notice of rules which the Commission is reviewing in 1999 is 
published on the Commission's web site, at www.sec.gov/rules.

     The following abbreviations for the acts administered by the 
Commission are used in the agenda:

     ``Securities Act'' - Securities Act of 1933

     ``Exchange Act'' - Securities Exchange Act of 1934

     ``PUHCA'' - Public Utility Holding Company Act of 1935

     ``Investment Company Act'' - Investment Company Act of 1940

     ``Investment Advisers Act'' - Investment Advisers Act of 1940

     The Commission's regulatory flexibility agenda is set forth 
below. The Commission invites public comment on the agenda and on 
the individual agenda entries.

Dated:  September 14, 1999.

 By the Commission.

 Jonathan G. Katz,

Secretary.

                                 DIVISION OF CORPORATION FINANCE--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4620         International Accounting Standards.................................................     3235-AH65
----------------------------------------------------------------------------------------------------------------


                              DIVISION OF CORPORATION FINANCE--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4621         Asset-Backed Securities Disclosure.................................................     3235-AF74
4622         Regulation of Securities Offerings.................................................     3235-AG83
4623         Definitions for Purposes of the Private Litigation Reform Act of 1995..............     3235-AG89
4624         Definition of ``Qualified Purchaser''..............................................     3235-AH15
4625         Householding of Proxy and Information Statements...................................     3235-AH66
----------------------------------------------------------------------------------------------------------------


[[Page 65505]]


                                DIVISION OF CORPORATION FINANCE--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4626         Streamlining Rule 144..............................................................     3235-AH13
4627         Financial Statements and Periodic Reports for Related Issuer Guarantors............     3235-AH52
4628         Addressing Abuses of Form S-8 by Companies Using Consultants To Raise Capital......     3235-AG94
4629         Revisions to Rules Governing Options Disclosure Document...........................     3235-AH31
----------------------------------------------------------------------------------------------------------------


                               DIVISION OF CORPORATION FINANCE--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4630         Regulation of Extraordinary Corporate Transactions.................................     3235-AG84
4631         Exemptions for International Tender and Exchange Offers............................     3235-AD97
4632         International Disclosure Standards.................................................     3235-AH62
----------------------------------------------------------------------------------------------------------------


                             DIVISION OF INVESTMENT MANAGEMENT--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4633         Form ADV Uniform Application for Investment Adviser Registration...................     3235-AD21
4634         Books and Records To Be Maintained by Investment Advisers..........................     3235-AH24
4635         Custody or Possession of Funds or Securities of Clients............................     3235-AH26
4636         Form ADV-W Notice of Withdrawal From Registration as Investment Adviser............     3235-AH27
4637         Principal Transactions With Investment Advisory Clients............................     3235-AH34
4638         Political Contributions by Certain Investment Advisers.............................     3235-AH72
4639         Role of Independent Directors of Investment Companies..............................     3235-AH75
4640         Certain Broker-Dealers Not Deemed To Be Investment Advisers........................     3235-AH78
4641         Shareholder Report and Financial Statement Revisions...............................     3235-AG64
4642         Proposed Amendments in Investment Company Advertising Rules........................     3235-AH19
4643         Exemption for Subsidiaries Organized To Finance Operations of Domestic or Foreign       3235-AE95
            Companies; Certain Prima Facie Investment Companies.................................
4644         Deposits of Securities in Securities Depositories..................................     3235-AG71
4645         Acquisition by Investment Company of Interest in Repurchase Agreement or Refunded       3235-AH56
            Security To Be Treated as Acquisition of Underlying Securities......................
4646         Exemption for the Acquisition of Securities During the Existence of an Underwriting     3235-AH57
            Syndicate...........................................................................
4647         Mutual Fund After-Tax Returns......................................................     3235-AH77
4648         Affiliate Transaction Rule Amendments..............................................     3235-AH80
4649         Mergers of Certain Affiliated Investment Companies.................................     3235-AH81
4650         Amendments To Form N-SAR, Semiannual Report of Registered Investment Companies.....     3235-AF93
4651         Amendments to the Cash Solicitation Rule...........................................     3235-AH33
4652         Further EDGAR System Modernization.................................................     3235-AH79
4653         PUHCA: Exemption for Certain Acquisitions of Foreign Utility Companies.............     3235-AF78
4654         Status of Subsidiary Companies Formed To Hold Interests in Foreign Utility              3235-AF79
            Companies...........................................................................
----------------------------------------------------------------------------------------------------------------


                               DIVISION OF INVESTMENT MANAGEMENT--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4655         Temporary Exemption for Certain Investment Advisers................................     3235-AH02
4656         Investment Company Names...........................................................     3235-AH11
4657         Delivery of Disclosure Documents to Households.....................................     3235-AG98
4658         Transactions in Certain Canadian Retirement Savings Accounts.......................     3235-AH32
4659         Custody of Investment Company Assets Outside the United States; Custody of              3235-AH55
            Investment Company Assets With a Foreign Securities Depository......................

[[Page 65506]]

 
4660         Insurance Products: New Form N-6 for Registration of Separate Accounts Offering         3235-AG37
            Variable Life Insurance Contracts...................................................
----------------------------------------------------------------------------------------------------------------


                              DIVISION OF INVESTMENT MANAGEMENT--Long Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4661         Insurance Products: Equity Index Insurance Products Concept Release................     3235-AH23
----------------------------------------------------------------------------------------------------------------


                              DIVISION OF INVESTMENT MANAGEMENT--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4662         Certain Investment Company Directors Not Considered Interested Persons Because of       3235-AH63
            Ownership of Index Fund Securities..................................................
4663         Political Contributions by Investment Advisers.....................................     3235-AH64
4664         Requirements Relating to Codes of Ethics With Respect to Registered Investment          3235-AG27
            Companies; Records To Be Maintained by Investment Advisers..........................
4665         Reports of Significant Events......................................................     3235-AH50
4666         EDGAR System (Modernization).......................................................     3235-AH70
4667         Amendments to Rule 8f-1 and Deregistration Form N-8F, and Rule 101 of Regulation S-     3235-AG29
            T...................................................................................
----------------------------------------------------------------------------------------------------------------


                               DIVISION OF MARKET REGULATION--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4668         Net Capital Rule: Customer Protection Rule.........................................     3235-AH05
4669         Risk Assessment Recordkeeping and Reporting Requirement............................     3235-AH06
4670         Exemption of Certain Foreign Brokers and Dealers...................................     3235-AH17
4671         Untimely Announcement of Record Dates..............................................     3235-AH38
4672         Automated Submission of Trading Data by Certain Exchange Members, Brokers, and          3235-AH69
            Dealers Under the Securities Exchange Act of 1934...................................
4673         Purchases of Certain Equity Securities by the Issuers and Others...................     3235-AH37
4674         Exemption From Exchange Act Section 11(d)(1) for Securities of Foreign Issuers Sold     3235-AH58
            on an Installment Basis.............................................................
4675         Net Capital Rule Concept Release...................................................     3235-AH29
----------------------------------------------------------------------------------------------------------------


                                 DIVISION OF MARKET REGULATION--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4676         Net Capital Requirements for Brokers or Dealers....................................     3235-AD79
4677         Market Risk Haircuts for Instruments Subject to Interest Rate Risk.................     3235-AG18
4678         Amendments to Rules 17a-3 and 17a-4 Under the Securities Exchange Act of 1934......     3235-AH04
4679         Proposed Amendments to Transfer Agent Rules........................................     3235-AG24
4680         Revised Transfer Agent Form and Related Rule.......................................     3235-AH44
4681         Proposed Amendments to the Intermarket Trading System (ITS) Plan To Expand the ITS/     3235-AH49
            Computer Assisted Execution System Linkage to All Listed Securities and Eliminate
            the Unanimous Vote..................................................................
4682         Exemption of the Securities of the Republic of Portugal Under the Securities            3235-AH76
            Exchange Act of 1934 for Purposes of Trading Futures Contracts on Those Securities..
4683         Tender and Reorganization Agents...................................................     3235-AH53

[[Page 65507]]

 
4684         Net Capital Requirements for Brokers or Dealers -- Definition of the Term               3235-AH28
            Nationally Recognized Statistical Rating Organization...............................
4685         Amendment to Rule 9b-1 Under the Securities Exchange Act Relating to the Options        3235-AH30
            Disclosure Document.................................................................
4686         Initiation or Resumption of Quotations Without Specified Information...............     3235-AH40
4687         Recordkeeping Requirements for Transfer Agents.....................................     3235-AH74
----------------------------------------------------------------------------------------------------------------


                                DIVISION OF MARKET REGULATION--Long Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4688         Amendment to Rule 11Ac1-1..........................................................     3235-AH00
4689         Large Trader Reporting System......................................................     3235-AE42
4690         Destruction of Cancelled Securities Certificates...................................     3235-AH54
----------------------------------------------------------------------------------------------------------------


                                DIVISION OF MARKET REGULATION--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4691         Amendment to Form BDW and Amendment to Exchange Act Rule 15b6-1 and Amendments to       3235-AG69
            Rules 15b1-1, 15b3-1, 15Ba2-2, 15 Bc3-1, 15Ca1-1, and 15Cc1-1.......................
4692         Purchases of Certain Equity Securities by the Issuer and Others....................     3235-AH48
4693         Broker-Dealer Registration and Reporting...........................................     3235-AH73
4694         Proposed Amendments to National Market System Plan.................................     3235-AH51
4695         Year 2000 Operational Capability Requirements of Registered Broker-Dealers and          3235-AH61
            Transfer Agents.....................................................................
4696         Exemption of the Securities of the Kingdom of Sweden Under the Securities Exchange      3235-AH68
            Act of 1934 for Purposes of Trading Futures Contracts on Those Securities...........
----------------------------------------------------------------------------------------------------------------


                                 OFFICES AND OTHER PROGRAMS--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4697         Selective Disclosure and Insider Trading...........................................     3235-AH82
4698         Audit Committee Disclosure.........................................................     3235-AH83
----------------------------------------------------------------------------------------------------------------


                                  OFFICES AND OTHER PROGRAMS--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4699         Amendments to the Freedom of Information Act, Privacy Act, and Confidential             3235-AH71
            Treatment Rules.....................................................................
----------------------------------------------------------------------------------------------------------------


[[Page 65508]]

_______________________________________________________________________


Securities and Exchange Commission (SEC)                  Prerule Stage


DIVISION OF CORPORATION FINANCE



_______________________________________________________________________




4620. INTERNATIONAL ACCOUNTING STANDARDS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 77a et seq; 15 USC 78a et seq

CFR Citation: 17 CFR part 210; 17 CFR 249.220f

Legal Deadline: None

Abstract: The Division is considering recommending that the Commission 
publish a release that would solicit comment on whether the Commission 
should recognize accounting standards promulgated by the International 
Accounting Standards Committee for purposes of cross-border offerings 
and listings by foreign companies.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           11/00/99

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: Undetermined

Agency Contact: David A. Sirignano, Division of Corporation Finance, 
Securities and Exchange Commission
Phone: 202 942-2870

RIN: 3235-AH65
_______________________________________________________________________


Securities and Exchange Commission (SEC)            Proposed Rule Stage


DIVISION OF CORPORATION FINANCE



_______________________________________________________________________




4621. ASSET-BACKED SECURITIES DISCLOSURE

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 77e; 15 USC 77f; 15 USC 77g; 15 USC 77h; 15 USC 
77j; 15 USC 77s; 15 USC 78l; 15 USC 78m; 15 USC 78n; 15 USC 78o; 15 USC 
78w

CFR Citation: 17 CFR 229; 17 CFR 230; 17 CFR 239; 17 CFR 240; 17 CFR 
249

Legal Deadline: None

Abstract: The Division of Corporation Finance is considering whether to 
recommend to the Commission amendments to revise rules and forms which 
would specify disclosure requirements for asset-backed securities 
transactions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Mark Green, Division of Corporation Finance, Securities 
and Exchange Commission
Phone: 202 942-1940

RIN: 3235-AF74
_______________________________________________________________________




4622. REGULATION OF SECURITIES OFFERINGS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 77a et seq; 15 USC 78a et seq

CFR Citation: 17 CFR 230; 17 CFR 239; 17 CFR 240; 17 CFR 249

Legal Deadline: None

Abstract: The Commission has proposed rules that would reform the 
registration process under the Securities Act and alter certain 
requirements in the periodic reporting process under the Exchange Act. 
The proposed rules cover, among other topics, prospectus delivery 
requirements, communications around the time of an offering and the 
integration of public and private offerings. The Division will 
recommend that the Commission repropose this initiative to reflect 
public comment on the proposals.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Notice With Request for Comments07/31/96                    61 FR 40044
Notice Comment Period End       09/30/96
NPRM                            12/04/98                    63 FR 67174
Comment Period Extended         03/30/99                    64 FR 15143
NPRM Comment Period End         04/05/99                    63 FR 67174
Extended Comment Period End     06/30/99
Reproposal                      07/00/00

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Anita T. Klein, Division of Corporation Finance, 
Securities and Exchange Commission
Phone: 202 942-2950

RIN: 3235-AG83
_______________________________________________________________________




4623. DEFINITIONS FOR PURPOSES OF THE PRIVATE LITIGATION REFORM ACT OF 
1995

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 77a et seq; 15 USC 78a et seq

CFR Citation: 17 CFR 230.177(New); 17 CFR 230.178(New); 17 CFR 
230.17a(New); 17 CFR 240.3b-12(New); 17 CFR 240.3b-13(New)

Legal Deadline: None

Abstract: The Division is considering recommending that the Commission 
issue proposed rules that will define the terms ``outside director,'' 
``limited liability company,'' ``partnership,'' and ``direct 
participation investment program.'' These definitions are deemed 
necessary in view of changes to the Securities Act and Exchange Act 
made in the Private Securities Litigation Reform Act of 1995.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/00

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Elliot B. Staffin, Division of Corporation Finance, 
Securities and Exchange Commission
Phone: 202 942-2829

RIN: 3235-AG89


_______________________________________________________________________



[[Page 65509]]

4624. DEFINITION OF ``QUALIFIED PURCHASER''

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 77a et seq

CFR Citation: 17 CFR 230

Legal Deadline: None

Abstract: The Division is considering recommending that the Commission 
propose a definition of the term ``qualified purchaser'' as used in 
section 18 of the Securities Act of 1933. Under that section, 
securities offered or sold to ``qualified purchasers'' are ``covered 
securities,'' and thus, exempt from state regulation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/00

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: John Reynolds, Division of Corporation Finance, 
Securities and Exchange Commission, Division of Corporation Finance, 
450 5th Street NW, Washington, DC 20549
Phone: 202 942-2950

RIN: 3235-AH15
_______________________________________________________________________




4625. HOUSEHOLDING OF PROXY AND INFORMATION STATEMENTS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 78n

CFR Citation: 17 CFR 240.14a-3; 17 CFR 240.14c-3

Legal Deadline: None

Abstract: The Division is considering recommending that the Commission 
propose revisions to the proxy rules to permit companies, brokers, 
banks and similar intermediaries to deliver a single copy of proxy or 
information statements to more than one investor if they share the same 
address.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/99

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Elizabeth M. Murphy, Division of Corporation Finance, 
Securities and Exchange Commission
Phone: 202 942-2900

RIN: 3235-AH66
_______________________________________________________________________


Securities and Exchange Commission (SEC)               Final Rule Stage


DIVISION OF CORPORATION FINANCE



_______________________________________________________________________




4626. STREAMLINING RULE 144

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 77a et seq

CFR Citation: 17 CFR 230.144

Legal Deadline: None

Abstract: The Commission has proposed revisions to Rule 144, Rule 145 
and Form 144 to make the rules and form easier to understand and apply. 
The proposed amendments would, among other things, add a bright line 
test to the Rule 144 definition of affiliate, eliminate the Rule 144 
manner of sale requirements, increase the Form 144 filing thresholds, 
and codify certain interpretive positions. The proposals also would 
eliminate the presumptive underwriter provisions of Rule 145.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/20/97                     62 FR 9246
NPRM Comment Period End         04/29/97
Final Action                    06/00/00

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Elizabeth M. Murphy, Division of Corporation Finance, 
Securities and Exchange Commission
Phone: 202 942-2900

RIN: 3235-AH13
_______________________________________________________________________




4627. FINANCIAL STATEMENTS AND PERIODIC REPORTS FOR RELATED ISSUER 
GUARANTORS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 77a et seq; 15 USC 78a et seq

CFR Citation: 17 CFR 210; 17 CFR 240

Legal Deadline: None

Abstract: The Commission proposed rules that would specify the 
financial statements and periodic reports for related issuers and 
guarantors. The proposals would largely reflect staff interpretations 
under SAB 53.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/05/99                    64 FR 10579
NPRM Comment Period End         05/04/99
Final Action                    10/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Michael G. Hyatte, Office of Chief Counsel, Division of 
Corporation Finance, Securities and Exchange Commission, Division of 
Corporation Finance, 450 5th Street NW, Washington, DC 20549
Phone: 202 942-2900

RIN: 3235-AH52
_______________________________________________________________________




4628. ADDRESSING ABUSES OF FORM S-8 BY COMPANIES USING CONSULTANTS TO 
RAISE CAPITAL

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 77f; 15 USC 77g; 15 USC 77h; 15 USC 77j; 15 USC 
77s; 15 USC 78l; 15 USC 78m; 15 USC 78n; 15 USC 78o; 15 USC 78w

CFR Citation: 17 CFR 239.16b; 17 CFR 228.402; 17 CFR 229.402; 17 CFR 
230.101; 17 CFR 230.405; 17 CFR 239.13

Legal Deadline: None

Abstract: The Commission proposed additional amendments to Form S-8 
requirements to further deter the misuse of that form. The proposals 
would add a timeliness requirement for filings under the Exchange Act 
in order

[[Page 65510]]

to use the form. In addition, a company formed by merger of a non-
public company into an Exchange Act reporting company with only nominal 
assets at the time of merger would have to wait until it had filed an 
Exchange Act annual report containing audited financial statements 
reflecting the merger before it could use Form S-8. The Commission also 
extended the comment period on the proposal in Release No. 33-7506 to 
require disclosure in Part II of Form S-8 of the names of consultants 
who will receive securities, the number of securities to be issued to 
each of them, and the specific services that each will provide.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/25/98                     63 FR 9648
NPRM Comment Period End         04/27/98
Final Rule                      03/08/99                    64 FR 11103
Second NPRM                     03/08/99                    64 FR 11118
Final Rule Effective            04/07/99                    64 FR 11103
Second NPRM Comment Period End  05/07/99                    64 FR 11118
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Anne M. Krauskopf, Division of Corporation Finance, 
Securities and Exchange Commission
Phone: 202 942-2900

RIN: 3235-AG94
_______________________________________________________________________




4629. REVISIONS TO RULES GOVERNING OPTIONS DISCLOSURE DOCUMENT

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 77a et seq

CFR Citation: 17 CFR 230.135b

Legal Deadline: None

Abstract: The Commission proposed amendments to provide that an options 
disclosure document prepared in accordance with Rule 9b-1 under the 
Exchange Act is not a prospectus and accordingly will not be subject to 
civil liability under section 12(a)(2) of the Securities Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/01/98                    63 FR 36136
NPRM Comment Period End         07/31/98
Final Action                    04/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: David Lavan, Division of Corporation Finance, 
Securities and Exchange Commission
Phone: 202 942-2900

RIN: 3235-AH31
_______________________________________________________________________


Securities and Exchange Commission (SEC)              Completed Actions


DIVISION OF CORPORATION FINANCE



_______________________________________________________________________




4630. REGULATION OF EXTRAORDINARY CORPORATE TRANSACTIONS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 78n

CFR Citation: 17 CFR 240

Legal Deadline: None

Abstract: The Commission proposed rules designed to adapt the 
regulatory scheme applicable to extraordinary corporate transactions 
such as mergers, tender offers and going private transactions to the 
realities of today's securities marketplace, as well as promote uniform 
disclosure in connection with such transactions. The Commission also 
proposed changes to shareholder communications rules to facilitate 
communications to and among securityholders.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/04/98                    63 FR 67331
NPRM Comment Period End         04/05/99
Final Action                    11/10/99                    64 FR 61408

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Agency Contact: James J. Moloney, Division of Corporation Finance, 
Securities and Exchange Commission
Phone: 202 942-2920

RIN: 3235-AG84
_______________________________________________________________________




4631. EXEMPTIONS FOR INTERNATIONAL TENDER AND EXCHANGE OFFERS

Priority: Substantive, Nonsignificant. Major under 5 USC 801.

Legal Authority: 15 USC 77b; 15 USC 77f; 15 USC 77g; 15 USC 77h; 15 USC 
77j; 15 USC 77s; 15 USC 77sss; 15 USC 78c; 15 USC 78l; 15 USC 78m; 15 
USC 78n; 15 USC 78o; 15 USC 78w; 15 USC 79t; 15 USC 80a-37

CFR Citation: 17 CFR 200; 17 CFR 230; 17 CFR 239; 17 CFR 240; 17 CFR 
260

Legal Deadline: None

Abstract: The Commission adopted amendments to facilitate the extension 
of international tender offers, rights offers and business combinations 
to U.S. holders. The amendments provide exemptions from the tender 
offer rules, securities registration requirements, and trust indenture 
provisions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           06/12/90                    55 FR 23751
ANPRM Comment Period End        09/21/90
NPRM                            06/14/91                    56 FR 27582
Reproposal                      12/15/98                    63 FR 69136
NPRM Comment Period End         02/16/99
Final Action                    11/10/99                    64 FR 61381

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Laura B. Badian, Division of Corporation Finance, 
Securities and Exchange Commission
Phone: 202 942-2920
Fax: 202 942-9638

RIN: 3235-AD97


_______________________________________________________________________



[[Page 65511]]

4632. INTERNATIONAL DISCLOSURE STANDARDS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 77a et seq; 15 USC 78a et seq

CFR Citation: 17 CFR part 210; 17 CFR 230.405; 17 CFR 240.36-4; 17 CFR 
249.220f

Legal Deadline: None

Abstract: The Commission adopted revisions to the disclosure 
requirements for foreign private issuers to conform to the 
international disclosure standards endorsed by the International 
Organization of Securities Commissions in September 1998. The proposals 
also change the definition of ``foreign private issuer'' to give 
clearer guidance on how foreign companies should determine whether 
their shareholders are U.S. residents.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/09/99                     64 FR 6267
NPRM Comment Period End         04/12/99
Final Action                    10/05/99                    64 FR 53900
Final Action Effective          09/30/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Sandra Folsom Kinsey, Division of Corporation Finance, 
Securities and Exchange Commission
Phone: 202 942-2990

RIN: 3235-AH62
_______________________________________________________________________


Securities and Exchange Commission (SEC)            Proposed Rule Stage


DIVISION OF INVESTMENT MANAGEMENT



_______________________________________________________________________




4633. FORM ADV UNIFORM APPLICATION FOR INVESTMENT ADVISER REGISTRATION

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 80b-3(c)(1); 15 USC 80b-4

CFR Citation: 17 CFR 275.203-1; 17 CFR 275.204-1; 17 CFR 279.1

Legal Deadline: None

Abstract: The Division of Investment Management is considering 
recommending revising Form ADV and related rules to: (1) improve 
disclosure of information on advisers' disciplinary history; and (2) 
enhance disclosure of information about the advisory relationship 
provided to clients and prospective clients.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Lori Hamilton Price, Task Force on Investment Adviser 
Regulation, Division of Investment Management, Securities and Exchange 
Commission
Phone: 202 942-0531

RIN: 3235-AD21
_______________________________________________________________________




4634. BOOKS AND RECORDS TO BE MAINTAINED BY INVESTMENT ADVISERS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 80b-4; 15 USC 80b-6(4); 15 USC 80b-11(a)

CFR Citation: 17 CFR 275.204-2

Legal Deadline: None

Abstract: The Division of Investment Management is considering 
recommending that the Commission update the books and records 
requirements for investment advisers.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/00

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Jeffrey O. Himstreet, Division of Investment 
Management, Securities and Exchange Commission
Phone: 202 942-0533

RIN: 3235-AH24
_______________________________________________________________________




4635. CUSTODY OR POSSESSION OF FUNDS OR SECURITIES OF CLIENTS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 80b-6; 15 USC 80b-4; 15 USC 80b-11

CFR Citation: 17 CFR 275.206(4)-2

Legal Deadline: None

Abstract: The Division of Investment Management is considering 
recommending a proposal to the Commission to revise the custody rule 
under the Investment Advisers Act of 1940.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/00/00

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Jennifer Sawin, Task Force on Investment Adviser 
Regulation, Division of Investment Management, Securities and Exchange 
Commission
Phone: 202 942-0532

RIN: 3235-AH26
_______________________________________________________________________




4636. FORM ADV-W NOTICE OF WITHDRAWAL FROM REGISTRATION AS INVESTMENT 
ADVISER

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 80b-3; 15 USC 80b-11

CFR Citation: 17 CFR 279.2

Legal Deadline: None

Abstract: The Division of Investment Management is considering revising 
Form ADV-W to reflect amendments to the Investment Advisers Act of 1940 
enacted as part of the Investment Advisers Supervision Coordination 
Act,

[[Page 65512]]

title III of the National Securities Markets Improvement Act of 1996.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Lori Hamilton Price, Task Force on Investment Adviser 
Regulation, Division of Investment Management, Securities and Exchange 
Commission
Phone: 202 942-0531

RIN: 3235-AH27
_______________________________________________________________________




4637. PRINCIPAL TRANSACTIONS WITH INVESTMENT ADVISORY CLIENTS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 80b-6a

CFR Citation: 17 CFR 275

Legal Deadline: None

Abstract: The staff of the Division of Investment Management is 
considering recommending that the Commission revise the conditions 
under which investment advisers may enter into principal transactions 
with their clients.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Karen Goldstein, Task Force on Investment Adviser 
Regulation, Division of Investment Management, Securities and Exchange 
Commission
Phone: 202 942-0716

RIN: 3235-AH34
_______________________________________________________________________




4638.  POLITICAL CONTRIBUTIONS BY CERTAIN INVESTMENT ADVISERS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 206(4); 15 USC 211(a); 15 USC 204

CFR Citation: 17 CFR 275

Legal Deadline: None

Abstract: The Commission has proposed new rule 206(4)-5, which would 
prohibit an investment adviser from providing advisory services for 
compensation to a government client for two years after the adviser or 
any of its partners, executive officers, or solicitors make a 
contribution to certain elected officials or candidates.

The Commission also has proposed rule amendments which would require a 
registered adviser that has government clients to maintain certain 
records of the political contributions made by the adviser or any of 
its partners, executive officers, or solicitors.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/10/99                    64 FR 43556
NPRM Comment Period End         11/01/99
Final Action                    03/00/00

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Karen Goldstein, Task Force on Investment Adviser 
Regulation, Division of Investment Management, Securities and Exchange 
Commission
Phone: 202 942-0716

RIN: 3235-AH72
_______________________________________________________________________




4639.  ROLE OF INDEPENDENT DIRECTORS OF INVESTMENT COMPANIES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 80a-6(c); 15 USC 80a-8; 15 USC 80a-24(a); 15 
USC 80a-20(a); 15 USC 80a-29(e); 15 USC 80a-30; 15 USC 80a-37; 15 USC 
78n; 15 USC 78w(a)(1); 15 USC 77e; 15 USC 77f; 15 USC 77g; 15 USC 77j; 
15 USC 77(s)(a); ...

CFR Citation: 17 CFR 270.2a19-1; 17 CFR 270.2a19-3; 17 CFR 270.10f-3; 
17 CFR 270.12b-1; 17 CFR 270.15a-4; 17 CFR 270.17a-7; 17 CFR 270.17d-1; 
17 CFR 270.17e-1; 17 CFR 270.17g-1; 17 CFR 270.18f-3; 17 CFR 270.23c-3; 
...; 17 CFR 270.30d-1; 17 CFR 270.31a-2; 17 CFR 274.11A; 17 CFR 
274.11a-1; 17 CFR 274.11b; 17 CFR 240.14a-101; 17 CFR 270.17a-8

Legal Deadline: None

Abstract: The Commission proposed amendments to rules under the 
Investment Company Act to enhance the independence and effectiveness of 
investment company (fund) boards of directors and to better enable 
shareholders to assess the independence of directors. The Commission 
also proposed amendments that would require funds to disclose in their 
proxy statements, annual reports, and registration statements more 
information regarding fund directors, including, among other things, 
directors' potential conflicts of interest.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/03/99                    64 FR 59826

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Jennifer B. McHugh, Office of Disclosure Regulation, 
Division of Investment Management, Securities and Exchange Commission
Phone: 202 942-0690

RIN: 3235-AH75
_______________________________________________________________________




4640.  CERTAIN BROKER-DEALERS NOT DEEMED TO BE INVESTMENT 
ADVISERS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 80b-2(a)(11)(F)

CFR Citation: 17 CFR 275.202(a)(11)(F)-1

Legal Deadline: None

Abstract: The Division is considering recommending to the Commission 
that it publish for comment a new rule under the Investment Advisers 
Act of 1940 that would exempt from the definition of investment adviser 
those broker-dealers offering nondiscretionary, full-service brokerage 
programs so long as the investment advice provided is solely incidental 
to the brokerage services and other conditions are satisfied.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/99

[[Page 65513]]

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: James David Fielder, Division of Investment Management, 
Securities and Exchange Commission
Phone: 202 942-0530

RIN: 3235-AH78
_______________________________________________________________________




4641. SHAREHOLDER REPORT AND FINANCIAL STATEMENT REVISIONS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 77f; 15 USC 77j; 15 USC 80a-29

CFR Citation: 17 CFR 210; 17 CFR 270.30d-1

Legal Deadline: None

Abstract: The staff of the Division of Investment Management is 
considering whether to recommend that the Commission propose revisions 
to the shareholder report and financial statement requirements for 
investment companies to improve the quality of updates and simplify 
investment company financial statement presentation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/00

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Maura McNulty, Office of Disclosure Regulation, 
Division of Investment Management, Securities and Exchange Commission
Phone: 202 942-0621

RIN: 3235-AG64
_______________________________________________________________________




4642. PROPOSED AMENDMENTS IN INVESTMENT COMPANY ADVERTISING RULES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 77e; 15 USC 77g; 15 USC 77h; 15 USC 77j; 15 USC 
77s(a); 15 USC 80a-8; 15 USC 80a-22; 15 USC 80a-24(g); 15 USC 80a-29; 
15 USC 80a-37

CFR Citation: 17 CFR 230.482; 17 CFR 230.134

Legal Deadline: None

Abstract: The Division of Investment Management is considering whether 
to recommend that the Commission propose to amend Rule 482, to permit 
advertisements that are not subject to restrictions limiting the 
content to information ``the substance of which'' is in a fund's 
prospectus. The Division is also considering whether to recommend that 
the Commission propose to amend Rule 134 to rescind provisions of Rule 
134 that apply only to investment companies.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Heather A. Seidel, Office of Disclosure Regulation, 
Division of Investment Management, Securities and Exchange Commission
Phone: 202 942-0721

RIN: 3235-AH19
_______________________________________________________________________




4643. EXEMPTION FOR SUBSIDIARIES ORGANIZED TO FINANCE OPERATIONS OF 
DOMESTIC OR FOREIGN COMPANIES; CERTAIN PRIMA FACIE INVESTMENT COMPANIES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 80a-6(c); 15 USC 80a-37(a); 15 USC 77s; 15 USC 
78w

CFR Citation: 17 CFR 270.3a-5; 17 CFR 270.3a-1; 17 CFR 230.489; 17 CFR 
239.43

Legal Deadline: None

Abstract: The staff of the Division of Investment Management is 
considering whether to recommend that the Commission propose amendments 
to expand Rule 3a-5 to permit, among other things, finance subsidiaries 
of U.S. banks and insurance companies to rely on the rule. The staff 
also is considering whether to recommend that the Commission propose 
amendments to Rule 3a-1 to eliminate a requirement that has prevented 
certain holding companies of foreign banks and foreign insurance 
companies from relying on that rule.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/00

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Jace F. Hahn, Office of Regulatory Policy, Division of 
Investment Management, Securities and Exchange Commission
Phone: 202 942-0690

RIN: 3235-AE95
_______________________________________________________________________




4644. DEPOSITS OF SECURITIES IN SECURITIES DEPOSITORIES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 80a-17(f); 15 USC 80a-06(c); 15 USC 80a-37(a)

CFR Citation: 17 CFR 270.17f-4

Legal Deadline: None

Abstract: Rule 17f-4 governs the use of securities depositories as 
custodians of the assets of management investment companies. The staff 
of the Division of Investment Management is considering whether to 
recommend that the Commission propose amendments that would, among 
other things, update and simplify the rule's compliance requirements to 
reflect changes in commercial law, expand the types of entities that 
may be used as securities depositories, and permit investment company 
officers to authorize depository arrangements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/00

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Thomas M. J. Kerwin, Office of Regulatory Policy, 
Division of Investment Management, Securities and Exchange Commission
Phone: 202 942-0690

RIN: 3235-AG71


_______________________________________________________________________



[[Page 65514]]

4645. ACQUISITION BY INVESTMENT COMPANY OF INTEREST IN REPURCHASE 
AGREEMENT OR REFUNDED SECURITY TO BE TREATED AS ACQUISITION OF 
UNDERLYING SECURITIES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 80a-6(c); 15 USC 80a-37(a)

CFR Citation: 17 CFR 270.2a-7; 17 CFR 270.12d3-1

Legal Deadline: None

Abstract: The Commission proposed a new rule that would permit 
investment companies to ``look through'' specific repurchase agreements 
to the securities that collateralize them, and to ``look through'' 
specific pre-refunded bonds to escrowed securities, for certain 
purposes under the Investment Company Act. The Commission also proposed 
conforming amendments to Rule 2a-7 and Rule 12d3-1.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/29/99                    64 FR 52476
NPRM Comment Period End         11/23/99
Final Action                    02/00/00

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Cynthia Gurnee Pugh, Office of Regulatory Policy, 
Division of Investment Management, Securities and Exchange Commission
Phone: 202 942-0690

RIN: 3235-AH56
_______________________________________________________________________




4646. EXEMPTION FOR THE ACQUISITION OF SECURITIES DURING THE EXISTENCE 
OF AN UNDERWRITING SYNDICATE

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 80a-10(f); 15 USC 80a-30(a); 15 USC 80a-37(a); 
15 USC 80a-6(c)

CFR Citation: 17 CFR 270.10f-3; 17 CFR 270.17a-10 (New)

Legal Deadline: None

Abstract: The staff of the Division of Investment Management is 
considering whether to recommend that the Commission propose amendments 
to Rule 10f-3 under the Investment Company Act to permit investment 
companies to purchase government securities from a non-affiliated 
underwriter in syndicates involving an underwriter affiliated with the 
investment company's investment adviser.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/00

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Curtis A. Young, Office of Regulatory Policy, Division 
of Investment Management, Securities and Exchange Commission
Phone: 202 942-0690

RIN: 3235-AH57
_______________________________________________________________________




4647.  MUTUAL FUND AFTER-TAX RETURNS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 77a et seq; 15 USC 80a-1 et seq

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The staff of the Division of Investment Management is 
evaluating whether to recommend that the Commission issue a rule 
proposal to require that mutual funds disclose after-tax returns.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Martha Bronaugh Peterson, Office of Regulatory Policy, 
Division of Investment Management, Securities and Exchange Commission
Phone: 202 942-0641

RIN: 3235-AH77
_______________________________________________________________________




4648.  AFFILIATE TRANSACTION RULE AMENDMENTS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 80a-6(c)

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The Division of Investment Management is considering 
recommending to the Commission amendments to rules to expand the 
circumstances in which funds may engage in transactions with 
affiliates.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/00

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Penelope Saltzman, Office of Regulatory Policy, 
Division of Investment Management, Securities and Exchange Commission
Phone: 202 942-0690

RIN: 3235-AH80
_______________________________________________________________________




4649.  MERGERS OF CERTAIN AFFILIATED INVESTMENT COMPANIES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 80a-17(a); 15 USC 80a-6(c); 15 USC 80a-37(a)

CFR Citation: 17 CFR 270.17a-8

Legal Deadline: None

Abstract: Rule 17a-8 under the Investment Company Act exempts from the 
prohibitions of section 17(a) mergers, consolidations or purchases or 
sales of substantially all of the assets of registered investment 
companies that are affiliated persons solely by reason of having a 
common investment adviser, common directors, or common officers, 
provided that certain conditions are met. The Division of Investment 
Management is considering recommending to the Commission that it expand 
the rule to include other affiliate relationships.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

[[Page 65515]]

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Robin S. Gross, Office of Regulatory Policy, Division 
of Investment Management, Securities and Exchange Commission
Phone: 202 942-0640

RIN: 3235-AH81
_______________________________________________________________________




4650. AMENDMENTS TO FORM N-SAR, SEMIANNUAL REPORT OF REGISTERED 
INVESTMENT COMPANIES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 78n; 15 USC 78o(d); 15 USC 78w(a); 15 USC 80a-
8; 15 USC 80a-29; 15 USC 80a-37

CFR Citation: 17 CFR 249.330; 17 CFR 274.101

Legal Deadline: None

Abstract: The Division of Investment Management is considering whether 
to recommend that the Commission amend Form N-SAR, the semiannual 
report for registered investment companies, to update the items of the 
form.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/00

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Carolyn A. Miller, Office of Financial Analysis, 
Division of Investment Management, Securities and Exchange Commission
Phone: 202 942-0510

RIN: 3235-AF93
_______________________________________________________________________




4651. AMENDMENTS TO THE CASH SOLICITATION RULE

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 80b-4; 15 USC 80b-6; 15 USC 80-11(a)

CFR Citation: 17 CFR 275.206(4)-3

Legal Deadline: None

Abstract: The staff of the Division of Investment Management is 
considering whether to recommend revisions to the cash solicitation 
rule.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/00

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Arthur B. Laby, Task Force on Investment Adviser 
Regulation, Division of Investment Management, Securities and Exchange 
Commission
Phone: 202 942-0523

RIN: 3235-AH33
_______________________________________________________________________




4652.  FURTHER EDGAR SYSTEM MODERNIZATION

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 77f; 15 USC 77g; 15 USC 77h; 15 USC 77j; 15 USC 
77s(a); 15 USC 78c; 15 USC 78l; 15 USC 78m; 15 USC 78n; 15 USC 78o(d); 
15 USC 78w(a); 15 USC 78ll; 15 USC 77sss; 15 USC 79c; 15 USC 79e; 15 
USC 79f; 15 USC 79g; 15 USC 79j; 15 USC 79l; 15 USC 79m; 15 USC 79n; 15 
USC 79q; 15 USC 79t; 15 USC 80a-8; 15 USC 80a-29; 15 USC 80a-30; 15 USC 
80a-37

CFR Citation: 17 CFR 232.101 to 601

Legal Deadline: None

Abstract: The Commission is continuing to modernize the Electronic Data 
Gathering, Analysis, and Retrieval (EDGAR) system. The staff is 
considering recommending that the Commission propose new rules to 
implement various aspects of modernization and that the Commission 
update the EDGAR rules generally.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/00

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Ruth Armfield Sanders, Division of Investment 
Management, Securities and Exchange Commission
Phone: 202 942-0633

RIN: 3235-AH79
_______________________________________________________________________




4653. PUHCA: EXEMPTION FOR CERTAIN ACQUISITIONS OF FOREIGN UTILITY 
COMPANIES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 79c; 15 USC 79c(b); 15 USC 79(c)(3); 15 USC 
79(t); 15 USC 79(n); 15 USC 79z-5b(b)

CFR Citation: 17 CFR 250.55; 17 CFR 259.5so (Revision)

Legal Deadline: None

Abstract: The proposed rule is intended to provide a safe harbor for 
the acquisition of one or more foreign utility companies by a 
registered holding company.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/08/93                    58 FR 13719
NPRM Comment Period End         04/14/93
Reproposal                      01/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Harry Eisenstein, Office of Public Utility Regulation, 
Division of Investment Management, Securities and Exchange Commission
Phone: 202 942-0552

RIN: 3235-AF78
_______________________________________________________________________




4654. STATUS OF SUBSIDIARY COMPANIES FORMED TO HOLD INTERESTS IN FOREIGN 
UTILITY COMPANIES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 79(t)

CFR Citation: 17 CFR 250.56 (New)

Legal Deadline: None

Abstract: The proposed rule clarifies that a subsidiary of a registered 
holding company that is engaged exclusively in the business of owning 
an interest in one or more foreign utility companies will be deemed to 
be a foreign utility company.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/08/93                    58 FR 13719
NPRM Comment Period End         04/14/93
Reproposal                      01/00/00

[[Page 65516]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Harry Eisenstein, Office of Public Utility Regulation, 
Division of Investment Management, Securities and Exchange Commission
Phone: 202 942-0552

RIN: 3235-AF79
_______________________________________________________________________


Securities and Exchange Commission (SEC)               Final Rule Stage


DIVISION OF INVESTMENT MANAGEMENT



_______________________________________________________________________




4655. TEMPORARY EXEMPTION FOR CERTAIN INVESTMENT ADVISERS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 80a-37; 15 USC 80a-6(c)

CFR Citation: 17 CFR 270.15a-4

Legal Deadline: None

Abstract: The Commission proposed amendments to Rule 15a-4 under the 
Investment Company Act. The rule permits a person, under certain 
circumstances, to serve temporarily as an investment adviser to an 
investment company under a contract that the investment company's 
shareholders have not approved. The amendments would, among other 
things, expand the exemption provided under the rule to include 
temporary advisory contracts entered into as a result of a merger or 
similar business combination.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/28/98                    63 FR 40231
NPRM Comment Period End         09/30/98
Final Action                    11/00/99

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Penelope Saltzman, Office of Regulatory Policy, 
Division of Investment Management, Securities and Exchange Commission
Phone: 202 942-0690

RIN: 3235-AH02
_______________________________________________________________________




4656. INVESTMENT COMPANY NAMES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: PL 104-290, sec 208

CFR Citation: 17 CFR 270.35d-1 (New)

Legal Deadline: None

Abstract: The Commission proposed a rule that would require a 
registered investment company with a name that suggests certain 
investments to invest at least 80 percent of its assets in the types of 
investments suggested by its name.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/27/97                    62 FR 10955
NPRM Comment Period End         06/09/97
Final Action                    11/00/99

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Francoise Haan, Office of Disclosure Regulation, 
Division of Investment Management, Securities and Exchange Commission
Phone: 202 942-0695

RIN: 3235-AH11
_______________________________________________________________________




4657. DELIVERY OF DISCLOSURE DOCUMENTS TO HOUSEHOLDS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 80a-37; 15 USC 80a-29(e); 15 USC 77s(a); 15 USC 
78l; 15 USC 78n; 15 USC 78w(a)

CFR Citation: 17 CFR 270.30d-1; 17 CFR 270.30d-2; 17 CFR 240.14a-3; 17 
CFR 240.14c-3; 17 CFR 240.14c-7; 17 CFR 230.154

Legal Deadline: None

Abstract: The Commission proposed for public comment a new rule under 
the Securities Act of 1933 to allow issuers and broker-dealers to 
satisfy the Act's prospectus delivery requirements, for two or more 
investors sharing the same address, by sending a single prospectus, 
subject to certain conditions. The Commission proposed similar 
amendments to the rules under the Securities Exchange Act of 1934 and 
the Investment Company Act of 1940 that govern the delivery of annual 
and (in the case of investment companies) semiannual reports to 
shareholders. The proposed rule and rule amendments are intended to 
reduce the waste and inconvenience of duplicate documents sent to 
investor households and to save costs for issuers.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/13/97                    62 FR 61933
NPRM Comment Period End         02/02/98
Final Action                    11/00/99

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Penelope Saltzman, Office of Regulatory Policy, 
Division of Investment Management, Securities and Exchange Commission
Phone: 202 942-0690

RIN: 3235-AG98
_______________________________________________________________________




4658. TRANSACTIONS IN CERTAIN CANADIAN RETIREMENT SAVINGS ACCOUNTS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 80a-1 et seq; 15 USC 77a et seq; 15 USC 78o et 
seq

CFR Citation: 17 CFR 230.237; 17 CFR 240.12g3-2; 17 CFR 270.7d-2

Legal Deadline: None

Abstract: The Commission proposed for public comment two new rules and 
rule amendments that would provide exemptions from the registration 
requirements of the Securities Act, the Investment Company Act, and the 
Exchange Act for the offer and sale of securities of foreign issuers to 
certain Canadian retirement plans, such as Registered Retirement 
Savings Plans, Registered Retirement Income Funds, or similar plans.

[[Page 65517]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/26/99                    64 FR 14648
NPRM Comment Period End         05/28/99
Final Action                    01/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Curtis A. Young, Office of Regulatory Policy, Division 
of Investment Management, Securities and Exchange Commission
Phone: 202 942-0690

RIN: 3235-AH32
_______________________________________________________________________




4659. CUSTODY OF INVESTMENT COMPANY ASSETS OUTSIDE THE UNITED STATES; 
CUSTODY OF INVESTMENT COMPANY ASSETS WITH A FOREIGN SECURITIES 
DEPOSITORY

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 80a-17(f); 15 USC 80a-06(c); 15 USC 80a-37(a)

CFR Citation: 17 CFR 270.17f-5

Legal Deadline: None

Abstract: Rule 17f-5 governs the custody of the assets of registered 
management investment companies outside the United States. The 
Commission proposed amendments to rule 17f-5 and a new rule 17f-7 to 
establish new standards governing the maintenance of investment company 
assets with foreign securities depositories. The Commission also has 
extended the compliance date for certain amendments to rule 17f-5 that 
had been adopted in 1997.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/29/99                    64 FR 24489
NPRM Comment Period End         07/15/99
Final Action                    01/00/00

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Thomas M. J. Kerwin, Office of Regulatory Policy, 
Division of Investment Management, Securities and Exchange Commission
Phone: 202 942-0690

RIN: 3235-AH55
_______________________________________________________________________




4660. INSURANCE PRODUCTS: NEW FORM N-6 FOR REGISTRATION OF SEPARATE 
ACCOUNTS OFFERING VARIABLE LIFE INSURANCE CONTRACTS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 77a et seq; 15 USC 80a-1 et seq; 15 USC 77g; 15 
USC 77j; 15 USC 77s; 15 USC 80a-8; 15 USC 80a-29; 15 USC 80a-37

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The Commission proposed a new Form N-6 to be used for 
separate accounts offering variable life insurance contracts to 
register under both the Investment Company Act and the Securities Act. 
Currently, most insurance company separate accounts are organized as 
unit investment trusts (UITs) and register their interests on Form S-6. 
Form S-6 was developed for UITs generally, and not specifically for 
insurance company separate accounts that offer interests in variable 
life insurance contracts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/13/98                    63 FR 13988
NPRM Comment Period End         07/01/98
Final Action                    11/00/99

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Agency Contact: Keith Carpenter, Office of Insurance Products, Division 
of Investment Management, Securities and Exchange Commission
Phone: 202 942-0679

RIN: 3235-AG37
_______________________________________________________________________


Securities and Exchange Commission (SEC)              Long-Term Actions


DIVISION OF INVESTMENT MANAGEMENT



_______________________________________________________________________




4661. INSURANCE PRODUCTS: EQUITY INDEX INSURANCE PRODUCTS CONCEPT 
RELEASE

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 77a et seq

CFR Citation: 17 CFR 230.151

Legal Deadline: None

Abstract: The Commission issued a release requesting public comment on 
the structure of equity index insurance products, the manner in which 
they are marketed, and any other matters the Commission should consider 
in addressing Federal securities law issues raised by equity index 
insurance products.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           08/20/97                    62 FR 45359


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Agency Contact: Kevin M. Kirchoff, Office of Insurance Products, 
Division of Investment Management, Securities and Exchange Commission
Phone: 202 942-0672

RIN: 3235-AH23

[[Page 65518]]

_______________________________________________________________________


Securities and Exchange Commission (SEC)              Completed Actions


DIVISION OF INVESTMENT MANAGEMENT



_______________________________________________________________________




4662. CERTAIN INVESTMENT COMPANY DIRECTORS NOT CONSIDERED INTERESTED 
PERSONS BECAUSE OF OWNERSHIP OF INDEX FUND SECURITIES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 80a-37(a); 15 USC 80a-6(c)

CFR Citation: 17 CFR 270.2a19-3

Legal Deadline: None

Abstract: The Commission is withdrawing this item from the Agenda 
because it will be considered in connection with RIN 3235-AH75.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Merged With RIN 3235-AH75       10/01/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Robin Gross Lehv, Division of Investment Management, 
Securities and Exchange Commission
Phone: 202 942-0640

RIN: 3235-AH63
_______________________________________________________________________




4663. POLITICAL CONTRIBUTIONS BY INVESTMENT ADVISERS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 80b-6(4); 15 USC 80b-4; 15 USC 80b-11(a)

CFR Citation: 17 CFR 275

Legal Deadline: None

Abstract: This item was proposed under RIN 3235-AH72.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       10/01/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal, State, Local

Agency Contact: Arthur B. Laby, Task Force on Investment Adviser 
Regulation, Division of Investment Management, Securities and Exchange 
Commission
Phone: 202 942-0523

RIN: 3235-AH64
_______________________________________________________________________




4664. REQUIREMENTS RELATING TO CODES OF ETHICS WITH RESPECT TO 
REGISTERED INVESTMENT COMPANIES; RECORDS TO BE MAINTAINED BY INVESTMENT 
ADVISERS

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 80a-17(j); 15 USC 80a-37; 15 USC 80b-4; 15 USC 
80b-6(4); 15 USC 80b-11(a); 15 USC 80a-6(c); 15 USC 80a-39; 15 USC 80b-
2(a)(17); 15 USC 80b-3; 15 USC 80b-5(e); 15 USC 80b-3a; 15 USC 80b-6a

CFR Citation: 17 CFR 270.17j-1; 17 CFR 275.204-2

Legal Deadline: None

Abstract: The Commission adopted amendments to Rule 17j-1 under the 
Investment Company Act, Rule 204-2 under the Investment Advisers Act, 
and investment company registration forms under the Investment Company 
Act and the Securities Act. The amendments to Rule 17j-1 (i) enhance 
fund board of directors' oversight of personal investment activities of 
fund personnel, (ii) require access persons to report their securities 
holdings to their employers when they become access persons and 
annually thereafter, and (iii) require investment personnel to preclear 
investments in initial public offerings and limited offerings (such as 
private placements). Amendments to Rule 204-2 under the Investment 
Advisers Act expand the list of securities exempt from the 
recordkeeping requirements of that rule. The amendments to fund 
registration forms require funds to disclose the policies of the funs; 
its investment adviser and principal underwriter regarding personal 
investment activities, ethics and to file copies of their codes of 
ethics with the Commission.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/14/95                    60 FR 47844
NPRM Comment Period End         11/13/95
Final Action                    08/20/99                    64 FR 46821
Final Action Effective          10/29/99

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Penelope Saltzman, Office of Regulatory Policy, 
Division of Investment Management, Securities and Exchange Commission
Phone: 202 942-0690

RIN: 3235-AG27
_______________________________________________________________________




4665. REPORTS OF SIGNIFICANT EVENTS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 77a et seq; 15 USC 78a et seq; 15 USC 80a-1 et 
seq

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The Commission is withdrawing this item from the Unified 
Agenda because the Commission does not expect to consider the item 
within the next 12 months, but the Commission may consider the item 
further at some subsequent point.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       10/01/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Maura McNulty, Office of Disclosure Regulation, 
Division of Investment Management, Securities and Exchange Commission
Phone: 202 942-0621

RIN: 3235-AH50
_______________________________________________________________________




4666. EDGAR SYSTEM (MODERNIZATION)

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 77f, 77g, 77h, 77j, and 77s(a); 15 USC 78c, 
78l, 78m, 78n, 78o(d), 78w(a), and 78ll; 15 USC 77sss; 15 USC 79c, 79e, 
79f, 79g, 79j, 79l, 79m, 79n, 79q, and 79t; 15 USC 80a-8, 80a-29, 80a-
30, and 80a-37

CFR Citation: 17 CFR 230.485 to 230.487; 17 CFR 230.495; 17 CFR 
230.497; 17 CFR 232.10 to 232.11; 17 CFR 232.101 to 232.102; 17 CFR 
232.104 to 232.106; 17 CFR 232.302 to 232.307; 17 CFR 232.310; 17 CFR 
239.14 to 239.17b; 17 CFR 240.14a-101; 17 CFR 270.8b-23; 17 CFR 270.8b-
32; 17 CFR 270.101; 17 CFR 274.5; 17 CFR 274.11 to 274.11c; ...

Legal Deadline: None

[[Page 65519]]

Abstract: The Commission adopted rules relating to the modernization of 
the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system. 
The EDGAR system is now able to accept filings in Hypertext Markup 
Language as well as documents submitted in the American Standard Code 
for Information Interchange format. Filers will have the option of 
accompanying their required filings with unofficial copies in Portable 
Document Format. The new rules and amendments to existing rules reflect 
changes to filing requirements resulting from EDGAR modernization, as 
well as certain other changes to clarify or update the rules.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/16/99                    64 FR 12908
NPRM Comment Period End         04/15/99
Final Action                    05/21/99                    64 FR 27888
Final Action Effective          06/28/99

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Ruth Armfield Sanders, Division of Investment 
Management, Securities and Exchange Commission
Phone: 202 942-0633

RIN: 3235-AH70
_______________________________________________________________________




4667. AMENDMENTS TO RULE 8F-1 AND DEREGISTRATION FORM N-8F, AND RULE 101 
OF REGULATION S-T

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 80a-37(a)

CFR Citation: 17 CFR 274.218; 17 CFR 270.8F-1; 17 CFR 232.101

Legal Deadline: None

Abstract: The Commission amended Form N-8F and rule 8f-1 under the 
Investment Company Act of 1940, the form and rule that govern the 
deregistration of certain investment companies. The amendments simplify 
and reorganize Form N-8F and expand the circumstances in which 
investment companies may use the form. The Commission also amended 
Regulation S-T to require that investment companies file Form N-8F on 
the Commission's Electronic Data Gathering, Analysis, and Retrieval 
(EDGAR) system.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/16/98                    63 FR 69236
NPRM Comment Period End         02/05/99
Final Action                    04/15/99                    64 FR 19469
Final Action Effective          06/01/99

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Robin Gross Lehv, Division of Investment Management, 
Securities and Exchange Commission
Phone: 202 942-0640

RIN: 3235-AG29
_______________________________________________________________________


Securities and Exchange Commission (SEC)            Proposed Rule Stage


DIVISION OF MARKET REGULATION



_______________________________________________________________________




4668. NET CAPITAL RULE: CUSTOMER PROTECTION RULE

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 78h; 15 USC 78g

CFR Citation: 12 CFR 220; 17 CFR 240.3a12-11; 17 CFR 240.15c2-5; 17 CFR 
240.15c3-1; 17 CFR 240.15c3-3

Legal Deadline: None

Abstract: The Division is considering recommending that the Commission 
propose amendments to Rules 3a12-11, 15c2-5, 15c3-1, and 15c3-3 under 
the Exchange Act reflecting changes to section 8 of the Act and to 
Regulation T under the Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/00

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Thomas K. McGowan, Office of Risk Management, Division 
of Market Regulation, Securities and Exchange Commission
Phone: 202 942-4886
Fax: 202 942-9553
Email: [email protected]

RIN: 3235-AH05
_______________________________________________________________________




4669. RISK ASSESSMENT RECORDKEEPING AND REPORTING REQUIREMENT

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 78a(h)

CFR Citation: 17 CFR 240.17h-1T; 17 CFR 240.17h-2T

Legal Deadline: None

Abstract: The Risk Assessment Recordkeeping and Reporting Requirements, 
which became effective September 30, 1992 following notice and comment, 
were adopted as temporary rules pursuant to the Market Reform Act of 
1990. These rules contain recordkeeping and reporting requirements with 
regard to material associated persons of broker-dealers. The Commission 
plans to propose final rules replacing the temporary rules during 2000.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/00

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Thomas K. McGowan, Office of Risk Management, Division 
of Market Regulation, Securities and Exchange Commission
Phone: 202 942-4886
Fax: 202 942-9553
Email: [email protected]

RIN: 3235-AH06
_______________________________________________________________________




4670. EXEMPTION OF CERTAIN FOREIGN BROKERS AND DEALERS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 78c; 15 USC 78j; 15 USC 78o; 15 USC 78q; 15 USC 
78u

CFR Citation: 17 CFR 240.15a-6

[[Page 65520]]

Legal Deadline: None

Abstract: Exchange Act Rule 15a-6, which was adopted to exempt 
conditionally foreign broker-dealers from registration in response to 
the internationalization of the securities markets, is premised in 
large part on the willingness of U.S. broker-dealers to take 
responsibility for resulting trades. The Commission is considering 
revising the rule to focus instead on the types of securities that are 
sold by foreign broker-dealers, to allow U.S. institutional customers 
to take advantage of the efficiencies of foreign markets.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/00

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Barbara A. Stettner, Office of the Chief Counsel, 
Division of Market Regulation, Securities and Exchange Commission
Phone: 202 942-0146
Fax: 202 942-9625
Email: [email protected]

RIN: 3235-AH17
_______________________________________________________________________




4671. UNTIMELY ANNOUNCEMENT OF RECORD DATES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 78j; 15 USC 78w

CFR Citation: 17 CFR 240.10b-17

Legal Deadline: None

Abstract: Pursuant to a petition of the NASD, the staff is considering 
recommending that the Commission consider amending Exchange Act Rule 
10b-17 to clarify that it applies to distributions made to holders of 
direct participation program interests.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Barbara Ferrara, Office of Chief Counsel, Division of 
Market Regulation, Securities and Exchange Commission
Phone: 202 942-0084
Email: [email protected]

RIN: 3235-AH38
_______________________________________________________________________




4672. AUTOMATED SUBMISSION OF TRADING DATA BY CERTAIN EXCHANGE MEMBERS, 
BROKERS, AND DEALERS UNDER THE SECURITIES EXCHANGE ACT OF 1934

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 78a; 15 USC 78c; 15 USC 78j; 15 USC 78mm; 15 
USC 78w; 15 USC 78q

CFR Citation: 17 CFR 240.17a-25

Legal Deadline: None

Abstract: The Securities and Exchange Commission is proposing Rule 17a-
25 which would set forth the obligations of registered broker-dealers 
to submit securities trading data in an automated format when requested 
by the Commission staff for enforcement and other regulatory purposes. 
The proposed rule would improve the Commission's capacity to use 
electronic submissions of trading data to analyze transactions by 
entities that trade through multiple accounts maintained at multiple 
broker-dealers.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/00

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Anitra Cassas, Office of Market Supervision, Division 
of Market Regulation, Securities and Exchange Commission
Phone: 202 942-0089
Fax: 202 942-9695
Email: [email protected]

RIN: 3235-AH69
_______________________________________________________________________




4673. PURCHASES OF CERTAIN EQUITY SECURITIES BY THE ISSUERS AND OTHERS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 78b; 15 USC 78c; 15 USC 78i(a)(6); 15 USC 
78j(b); 15 USC 78m(e); 15 USC 78o(c); 15 USC 78w(a)

CFR Citation: 17 CFR 240.10b-18

Legal Deadline: None

Abstract: The Commission will be proposing to simplify and update Rule 
10b-18's provisions in light of market development since the Rule's 
adoption. Rule 10b-18 is a safe harbor from liability under the anti-
manipulation provisions of sections 9(a)(2) and 10(b) of the Exchange 
Act, and Rule 10b-5 thereunder, for issuer purchases of its common 
stock made in compliance with Rule 10b-18's timing, price and volume 
conditions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/00

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Joan Collopy, Office of Risk Management, Division of 
Market Regulation, Securities and Exchange Commission
Phone: 202 942-0772
Fax: 202 942-9695
Email: [email protected]

RIN: 3235-AH37
_______________________________________________________________________




4674. EXEMPTION FROM EXCHANGE ACT SECTION 11(D)(1) FOR SECURITIES OF 
FOREIGN ISSUERS SOLD ON AN INSTALLMENT BASIS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 78a et seq; 15 USC 78c; 15 USC 78k; 15 USC 78w; 
15 USC 78jj

CFR Citation: 17 CFR 240.11d1-3

Legal Deadline: None

Abstract: The proposed rule sets forth a uniform set of conditions 
that, if met, would provide an automatic exemption from section 
11(d)(1) of the Securities Exchange Act, for international offerings of 
foreign issuers done on an installment basis if: (1) this sale is part 
of a foreign government offering, or (2) the sale meets certain minimum 
market volume criteria and the foreign issuer meets a minimum market 
capitalization, or (3) the shares offered in the United States are 
exempt from registration and will be sold only to qualified 
institutionsal buyers or institutional accredited investors.

[[Page 65521]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: George Lavdas, Special Counsel, Office of Chief 
Counsel, Division of Market Regulation, Securities and Exchange 
Commission
Phone: 202 942-0736
Fax: 202 942-9645
Email: [email protected]

RIN: 3235-AH58
_______________________________________________________________________




4675. NET CAPITAL RULE CONCEPT RELEASE

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 78o(c)(3); 15 USC 78q; 15 USC 78w

CFR Citation: 17 CFR 240.15c3-1

Legal Deadline: None

Abstract: As part of its comprehensive review of Exchange Act Rule 
15c3-1, the net capital rule, the Commission published a concept 
release soliciting comments on how the net capital rule may incorporate 
statistical models to calculate net capital requirements. This concept 
release also solicited comments and ideas on how the net capital rule 
could be further modified.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           12/30/97                    62 FR 68011
ANPRM Comment Period End        03/30/98
Extension of Comment Period to  05/04/98                    63 FR 11173
NPRM                            03/00/00

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Thomas K. McGowan, Office of Risk Management, Division 
of Market Regulation, Securities and Exchange Commission
Phone: 202 942-4886
Fax: 202 942-9553
Email: [email protected]

RIN: 3235-AH29
_______________________________________________________________________


Securities and Exchange Commission (SEC)               Final Rule Stage


DIVISION OF MARKET REGULATION



_______________________________________________________________________




4676. NET CAPITAL REQUIREMENTS FOR BROKERS OR DEALERS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 78o(c)(3); 15 USC 78q; 15 USC 78w

CFR Citation: 17 CFR 240.15c3-1

Legal Deadline: None

Abstract: The Commission has proposed amendments to Exchange Act Rule 
15c3-1, the net capital rule, that could raise the minimum net capital 
requirement for certain introducing broker-dealers, for other classes 
of broker-dealers that never receive customer securities, and for 
broker-dealers that make markets in securities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/02/92                    57 FR 57027
Interim Final Rule              12/02/92                    57 FR 56973
NPRM Comment Period End         02/05/93
Final Action                    03/00/00

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Thomas K. McGowan, Office of Risk Management, Division 
of Market Regulation, Securities and Exchange Commission
Phone: 202 942-4886
Fax: 202 942-9553
Email: [email protected]

RIN: 3235-AD79
_______________________________________________________________________




4677. MARKET RISK HAIRCUTS FOR INSTRUMENTS SUBJECT TO INTEREST RATE RISK

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 78o(c)(3); 15 USC 78q; 15 USC 78w

CFR Citation: 17 CFR 240.15c3-1

Legal Deadline: None

Abstract: As part of its comprehensive review of Exchange Act Rule 
15c3-1, the net capital rule, the Commission proposed for comment an 
amendment to the net capital rule revising the percentage deductions 
from net worth, or haircuts, applicable to interest rate products when 
calculating net capital. Under the proposal, haircuts on government 
securities, investment grade corporate securities, certain mortgage-
backed securities, interest rate swaps, and other interest rate-related 
derivative instruments would be determined by treating these 
instruments as part of a single portfolio.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           05/04/93                    58 FR 27486
ANPRM Comment Period End        12/12/93
NPRM                            12/30/97                    62 FR 67996
NPRM Comment Period End         03/30/98
Extension of Comment Period to  05/04/98                    63 FR 11173
Interim Final Rule              03/00/00

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Thomas K. McGowan, Office of Risk Management, Division 
of Market Regulation, Securities and Exchange Commission
Phone: 202 942-4886
Fax: 202 942-9553
Email: [email protected]

RIN: 3235-AG18
_______________________________________________________________________




4678. AMENDMENTS TO RULES 17A-3 AND 17A-4 UNDER THE SECURITIES EXCHANGE 
ACT OF 1934

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 77c; 15 USC 77d; 15 USC 77g; 15 USC 77j; 15 USC

[[Page 65522]]

77s; 15 USC 77eee; 15 USC 77ggg; 15 USC 77nnn; 15 USC 77sss; 15 USC 
77ttt; 15 USC 78c; 15 USC 78d; 15 USC 78f; 15 USC 78i; 15 USC 78j; ...

CFR Citation: 17 CFR 240 (Revision)

Legal Deadline: None

Abstract: The Commission reproposed for comment amendments to the 
broker-dealer books and records rules which are designed to clarify and 
expand recordkeeping requirements with respect to purchase and sale 
documents, customer records, associated person records, customer 
complaints, and certain other matters.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/28/96                    61 FR 55593
NPRM Comment Period End         03/31/97
Reproposed                      10/09/98                    63 FR 54404
Comment Period End              11/09/98
Final Action                    03/00/00

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Thomas K. McGowan, Office of Risk Management, Division 
of Market Regulation, Securities and Exchange Commission
Phone: 202 942-4886
Fax: 202 942-9553
Email: [email protected]

RIN: 3235-AH04
_______________________________________________________________________




4679. PROPOSED AMENDMENTS TO TRANSFER AGENT RULES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 77c; 15 USC 77d; 15 USC 77g; 15 USC 77j; 15 USC 
77s; 15 USC 77eee; 15 USC 77ggg; 15 USC 77nnn; 15 USC 77sss; 15 USC 
77ttt; 15 USC 78c; 15 USC 78d; 15 USC 78i; 15 USC 78j; 15 USC 78l; 15 
USC 78m; 15 USC 78n; 15 USC 78o; 15 USC 78p; 15 USC 78q; 15 USC 78s; 15 
USC 78w; 15 USC 78x; 15 USC 78ll(d); 15 USC 79q; 15 USC 79t; 15 USC 
80a-20; 15 USC 80a-23; 15 USC 80a-29; 15 USC 80a-37; 15 USC 80b-3; 15 
USC 80b-4; 15 USC 80b-11

CFR Citation: 17 CFR 240.17Ad-2(a); 17 CFR 240.17Ad-2(c); 17 CFR 
240.17Ad-2(e)(1); 17 CFR 240.17Ad-2(e)(2); 17 CFR 240.17Ad-10; 17 CFR 
240.17Ad-12

Legal Deadline: None

Abstract: The Commission has proposed amendments to certain transfer 
agent rules regarding turnaround time, recordkeeping, and safekeeping 
of funds. The proposed amendments to the transfer agent rules are 
designed to minimize disruptions, particularly in the National 
Clearance and Settlement System for securities, that may be caused by 
poor turnaround performance, substandard or inaccurate recordkeeping 
practices, and inadequate safekeeping procedures.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/08/94                    59 FR 63662
NPRM Comment Period End         02/06/95
Final Action                    06/00/00

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Jerry Carpenter, Division of Market Regulation, 
Securities and Exchange Commission
Phone: 202 942-4187
Fax: 202 942-9695
Email: [email protected]

RIN: 3235-AG24
_______________________________________________________________________




4680. REVISED TRANSFER AGENT FORM AND RELATED RULE

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 78g-l

CFR Citation: 17 CFR 240.17Ac2-2; 17 CFR 240.17a-24; 17 CFR 249b.102

Legal Deadline: None

Abstract: The Securities and Exchange Commission (Commission) proposed 
amendments to Rule 17Ac2-2 and related Form TA-2 and its proposal to 
rescind Rule 17a-24 under the Securities Exchange Act. The amendments 
would make technical corrections and provide greater clarity to Form 
TA-2. Accordingly, the amendments are designed to clarify filing 
requirements and instructions; eliminate or change ambiguous terms and 
phrases; delete certain redundant or unnecessary questions; and add 
questions that would help the Commission to more effectively monitor 
the transfer agent industry.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/23/99                    64 FR 15310
NPRM Comment Period End         05/17/99
Final Action                    03/00/00

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Lori Rae Bucci, Office of Risk Management and Control, 
Division Market Regulation, Securities and Exchange Commission
Phone: 202 942-0742
Fax: 202 942-9695
Email: [email protected]

RIN: 3235-AH44
_______________________________________________________________________




4681. PROPOSED AMENDMENTS TO THE INTERMARKET TRADING SYSTEM (ITS) PLAN 
TO EXPAND THE ITS/COMPUTER ASSISTED EXECUTION SYSTEM LINKAGE TO ALL 
LISTED SECURITIES AND ELIMINATE THE UNANIMOUS VOTE

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 78K-1(a)(3)(B)

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The Commission proposed amendments to the plan governing the 
operation of the Intermarket Trading System (ITS Plan) to expand the 
ITS/Computer Assisted Execution System (CAES) linkage to all listed 
securities, including non-Rule 19c-3 securities. The amendments would 
also eliminate the requirement that amendments to the ITS Plan be 
approved by a unanimous vote of all participants; instead, a two-thirds 
supermajority of the participants would be required for amendments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/30/98                    63 FR 40748
NPRM Comment Period End         08/31/98
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

[[Page 65523]]

Agency Contact: Christine Richardson, Office of Market Supervision, 
Division of Market Regulation, Securities and Exchange Commission
Phone: 202 942-0748
Fax: 202 942-9695
Email: [email protected]

RIN: 3235-AH49
_______________________________________________________________________




4682.  EXEMPTION OF THE SECURITIES OF THE REPUBLIC OF PORTUGAL 
UNDER THE SECURITIES EXCHANGE ACT OF 1934 FOR PURPOSES OF TRADING 
FUTURES CONTRACTS ON THOSE SECURITIES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 77c; 15 USC 77d; 15 USC 77g; 15 USC 77j; 15 USC 
77s; 15 USC 77z-2; 15 USC 77eee; 15 USC 77ggg; 15 USC 77nnn; 15 USC 
77sss; 15 USC 77ttt; 15 USC 78c; 15 USC 78d; 15 USC 78f; 15 USC 78i; 15 
USC 78j; 15 USC 78j-1; 15 USC 78k; 15 USC 78k-1; 15 USC 78l; 15 USC 
78m; 15 USC 78n; 15 USC 78o; 15 USC 78p; 15 USC 78q; 15 USC 78s; 15 USC 
78u-5; 15 USC 78w; 15 USC 78x; 15 USC 78ll(d); 15 USC 78mm; 15 USC 79q; 
15 USC 79t; 15 USC 80a-20; 15 USC 80a-23; 15 USC 80a-29; 15 USC 80a-37; 
15 USC 80b-3; 15 USC 80b-4; 15 USC 80b-11; 15 USC 78a et seq; 15 USC 
18c(a)(12); 15 USC 78w(a)

CFR Citation: 17 CFR 240.3a12-8

Legal Deadline: None

Abstract: The Commission proposed for comment an amendment to Rule 
3a12-8 that would designate debt obligations issued by the Republic of 
Portugal as ``exempted securities'' for the purpose of marketing and 
trading futures contracts on those securities in the United States. 
This amendment is intended to permit futures trading on the sovereign 
debt of Portugal.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/29/99                    64 FR 41056
NPRM Comment Period End         08/30/99
Final Action                    03/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: Statutory basis for Rule 3a12-8 in particular: 
15 USC 78a et seq, particularly sections 3(a)(12) and 23(a), 15 USC 
78c(a)(12) and 78w(a).

RIN: 3235-AH76
_______________________________________________________________________




4683. TENDER AND REORGANIZATION AGENTS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 78b; 15 USC 78k-1(a)(1)(B); 15 USC 78n(d)(4); 
15 USC 78o(c)(3); 15 USC 78o(c)(6); 15 USC 78q-1(a); 15 USC 78q-
1(d)(1); 15 USC 78w(a)

CFR Citation: 17 CFR 240.17Ad-14

Legal Deadline: None

Abstract: The Commission proposed amendments to rule 17Ad-14 under the 
Securities Exchange Act of 1934. The amendments would require the 
establishment of book-entry accounts in connection with reorganization 
events and would provide securities depositories with three business 
days after the expiration of a tender offer, exchange offer, or 
reorganization event in which to deliver physical securities 
certificates.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/04/98                    63 FR 47209
NPRM Comment Period End         11/03/98
Final Action                    03/00/00

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Michael Rae, Office of Risk Management and Control, 
Division of Market Regulation, Securities and Exchange Commission
Phone: 202 942-4187
Fax: 202 942-9695
Email: [email protected]

RIN: 3235-AH53
_______________________________________________________________________




4684. NET CAPITAL REQUIREMENTS FOR BROKERS OR DEALERS -- DEFINITION OF 
THE TERM NATIONALLY RECOGNIZED STATISTICAL RATING ORGANIZATION

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 78c; 15 USC 78o; 15 USC 78q; 15 USC 78w

CFR Citation: 17 CFR 240.15c3-1

Legal Deadline: None

Abstract: The Commission issued a release proposing amendments to the 
net capital rule that would define the term Nationally Recognized 
Statistical Rating Organization (NRSRO) for purposes of the net capital 
rule and set forth the process for applying for NRSRO designation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/30/97                    62 FR 68018
NPRM Comment Period End         03/02/98
Final Action                    03/00/00

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: This proposal was based in part on comments 
received in response to a concept release (RIN 3235-AG41; 59 FR 46314), 
which is now combined in this rulemaking.

Agency Contact: Thomas K. McGowan, Office of Risk Management, Division 
of Market Regulation, Securities and Exchange Commission
Phone: 202 942-4886
Fax: 202 942-9553
Email: [email protected]

RIN: 3235-AH28
_______________________________________________________________________




4685. AMENDMENT TO RULE 9B-1 UNDER THE SECURITIES EXCHANGE ACT RELATING 
TO THE OPTIONS DISCLOSURE DOCUMENT

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 78i; 15 USC 78w

CFR Citation: 17 CFR 240.9b-1

Legal Deadline: None

[[Page 65524]]

Abstract: The Commission proposed to amend Exchange Act Rule 9b-1, 
which requires that an Options Disclosure Document (ODD) be sent to a 
customer opening an options account. The proposed amendment would 
refine certain language of the Rule so that it more clearly reflects 
the regulatory standards it was designed to establish. In paragraph 
(a)(3) of the Rule, the definition of ``Options Disclosure Document'' 
will be amended to explicitly state that amendments and supplements to 
the ODD are included as part of the ODD. Paragraphs (c)(2) and (c)(3) 
will be amended to better reflect the type of information appropriately 
included in the ODD. Paragraphs (c)(4) and (c)(7) will be similarly 
amended.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/01/98                    63 FR 36136
NPRM Comment Period End         07/31/98
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Kevin Ehrlich, Office of Market Supervision, Division 
of Market Regulation, Securities and Exchange Commission
Phone: 202 942-0778
Email: [email protected]

RIN: 3235-AH30
_______________________________________________________________________




4686. INITIATION OR RESUMPTION OF QUOTATIONS WITHOUT SPECIFIED 
INFORMATION

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 78b; 15 USC 78c; 15 USC 78j(b); 15 USC 78o(q); 
15 USC 78q(a); 15 USC 78w(a)

CFR Citation: 17 CFR 240.15c2-11

Legal Deadline: None

Abstract: As part of its efforts to respond to fraud in the microcap 
securities market, the Commission reproposed for comment amendments to 
Rule 15c2-11. These amendments would require broker-dealers to: have 
more issuer information before publishing priced quotations; review 
updated information periodically when publishing priced quotations; and 
make issuer information more widely available. The amendments also 
would expand the issuer's information that a broker-dealer must review 
for a non-reporting issuer. Finally the amendments would exclude from 
the rule securities that satisfy any one of three alternative 
thresholds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/25/98                     63 FR 9661
NPRM Comment Period End         04/27/98
Reproposal                      03/08/99                    64 FR 11124
Reproposal Comment Period End   04/07/99
Reproposal Comment Period 
Extended                        05/08/99                    64 FR 18393
Final Action                    03/00/00

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Florence E. Harmon, Office of Risk Management and 
Control, Division of Market Regulation, Securities and Exchange 
Commission
Phone: 202 942-0773
Fax: 202 942-0553
Email: [email protected]

RIN: 3235-AH40
_______________________________________________________________________




4687.  RECORDKEEPING REQUIREMENTS FOR TRANSFER AGENTS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 78q-1(a)(2); 15 USC 78q-1(d)

CFR Citation: 17 CFR 240.17Ad-7(f)

Legal Deadline: None

Abstract: The Commission proposed amendments to Rule 17Ad-7 under the 
Securities Exchange Act of 1934 to allow registered transfer agents to 
use microfiche and to use electronic storage media to preserve the 
records that they are required to retain.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/02/99                    64 FR 29608
NPRM Comment Period End         07/02/99
Final Action                    03/00/00

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: David Karasik, Office of Risk Management and Control, 
Division of Market Regulation, Securities and Exchange Commission
Phone: 202 942-4187
Fax: 202 942-9695
Email: [email protected]

RIN: 3235-AH74
_______________________________________________________________________


Securities and Exchange Commission (SEC)              Long-Term Actions


DIVISION OF MARKET REGULATION



_______________________________________________________________________




4688. AMENDMENT TO RULE 11AC1-1

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 77c; 15 USC 80b-3; 15 USC 80b-4; 15 USC 80b-11; 
15 USC 78i; 15 USC 78k; 15 USC 78l; 15 USC 78n; 15 USC 78p; 15 USC 78o; 
15 USC 80a-23; 15 USC 80a-20; 15 USC 79t; 15 USC 79q; 15 USC 78ll(d); 
15 USC 78x; 15 USC 78w; 15 USC 78s; 15 USC 80a-37; 15 USC 80a-29; 15 
USC 78q; 15 USC 78m; 15 USC 78k-1; 15 USC 78j; 15 USC 78f; 15 USC 78d; 
15 USC 78c; 15 USC 77d; 15 USC 77g; 15 USC 77j; 15 USC 77s; 15 USC 
77ggg; 15 USC 77nnn; 15 USC 77sss; 15 USC 77ttt; 15 USC 78c; 15 USC 
78d; 15 USC 78f; 15 USC 78i; 15 USC 78j; 15 USC 78k; ...

CFR Citation: 17 CFR 240.11Ac1-1(a)(25)

Legal Deadline: None

Abstract: The Commission proposed amendments to Rule 11Ac1-1 under the

[[Page 65525]]

Exchange Act to require both exchange and over-the-counter market 
makers to provide continuous two-sided quotations when they account for 
more than 1 percent of the aggregate trading volume of a security 
included on the Nasdaq Stock Market.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/29/96                    61 FR 48333
NPRM Comment Period End         10/29/96


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Constance Kiggins, Office of Market Supervision, 
Division of Market Regulation, Securities and Exchange Commission
Phone: 202 942-0059
Fax: 202 942-9643
Email: [email protected]

RIN: 3235-AH00
_______________________________________________________________________




4689. LARGE TRADER REPORTING SYSTEM

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 77c to 77d; 15 USC 77s; 15 USC 77ttt; 15 USC 
78c to 78d; 15 USC 78i to 78j; 15 USC 78l to 78p; 15 USC 78s; 15 USC 
78w; 15 USC 78x; 15 USC 79q; 15 USC 79t; 15 USC 80a-29; 15 USC 80a-37

CFR Citation: 17 CFR 240.13h-1

Legal Deadline: None

Abstract: The Commission has published for comment reproposed Exchange 
Act Rule 13h-1, which would require large traders to disclose accounts 
to the Commission, and would require broker-dealers to maintain and 
report large trader transaction records to the Commission.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/17/94                     59 FR 7917
NPRM Comment Period End         04/18/94


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: RFA: N

Agency Contact: Alton Harvey, Division of Market Regulation, Office of 
Market Supervision, Securities and Exchange Commission
Phone: 202 942-4167
Fax: 202 942-9697
Email: [email protected]

RIN: 3235-AE42
_______________________________________________________________________




4690. DESTRUCTION OF CANCELLED SECURITIES CERTIFICATES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 78q-1

CFR Citation: 17 CFR 240.17Ad-19

Legal Deadline: None

Abstract: The Commission is considering proposing Rule 17Ad-19 to 
establish regulations for the destruction of securities certificates 
and to require each transfer agent to establish written procedures for 
the storage and destruction of cancelled securities certificates.

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Thomas C. Etter Jr., Office of Risk Management and 
Control, Division of Market Regulation, Securities and Exchange 
Commission, Division of Market Regulation, 450 5th Street NW, 
Washington, DC 20549
Phone: 202 942-0178
Fax: 202 942-9695
Email: [email protected]

RIN: 3235-AH54
_______________________________________________________________________


Securities and Exchange Commission (SEC)              Completed Actions


DIVISION OF MARKET REGULATION



_______________________________________________________________________




4691. AMENDMENT TO FORM BDW AND AMENDMENT TO EXCHANGE ACT RULE 15B6-1 
AND AMENDMENTS TO RULES 15B1-1, 15B3-1, 15BA2-2, 15 BC3-1, 15CA1-1, AND 
15CC1-1

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 77c; 15 USC 77j; 15 USC 77d; 15 USC 77s; 15 USC 
77z-2; 15 USC 77j; 15 USC 77g; 15 USC 77eee; 15 USC 77nnn; 15 USC 
77ggg; 15 USC 78k-1; 15 USC 78k; 15 USC 78j-1; 15 USC 78f; 15 USC 78d; 
15 USC 77g; 15 USC 77j; 15 USC 77z-2; 15 USC 77eee; 15 USC 77nnn; 15 
USC 77sss; 15 USC 77ttt; 15 USC 78c; 15 USC 78d; 15 USC 78i; 15 USC 
78j; 15 USC 78l

CFR Citation: 17 CFR 240; 17 CFR 249; 17 CFR 249.501a

Legal Deadline: None

Abstract: The Commission adopted amendments to Form BDW, the uniform 
request for withdrawal from broker-dealer registration under the 
Securities Exchange Act. The amendments are designed to implement 
recommended changes to the Central Registration Depository System, a 
computer system operated by the National Association of Securities 
Dealers, Inc. that maintains registration information regarding 
registered broker-dealers and their registered personnel for use by the 
Commission, the self-regulatory organizations, and state securities 
regulators. The amendments include certain clarifying amendments to 
Form BDW, including new instructions for filing Form BDW electronically 
with the Central Registration Depository. The Commission also has 
proposed revisions to rules governing the withdrawal of broker-dealer 
registration under the Securities Exchange Act. Specifically, the 
revisions permit broker-dealers that are withdrawing from registration 
to consent to an extension of the effective date of their withdrawal. 
The revisions also permit the Commission to extend the effective date 
for such periods as the Commission may determine. In addition, the 
rules governing the filing of Form BDW have been revised to provide for 
electronic filing of these forms.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/09/96                    61 FR 37701
NPRM Comment Period End         08/19/96

[[Page 65526]]

Final Action                    04/30/99                    64 FR 25143
Final Action Effective          06/09/99

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: LEGAL AUTHORITY CONTINUED: 15 USC 78m; 15 USC 
78n; 15 USC 78o; 15 USC 78p; 15 USC 78q; 15 USC 78s; 15 USC 78u-5; 15 
USC 78w; 15 USC 78x; 15 USC 78ll(d); 15 USC 78mm; 15 USC 79q; 15 USC 
79t; 15 USC 80a-20; 15 USC 80a-23; 15 USC 80a-29; 15 USC 80a-37; 15 USC 
80b-3; 15 USC 80b-4; 15 USC 80b-11

Agency Contact: Brian R. Baysinger, Office of Chief Counsel, Division 
of Market Regulation, Securities and Exchange Commission
Phone: 202 942-0073
Fax: 202 942-9645
Email: [email protected]

RIN: 3235-AG69
_______________________________________________________________________




4692. PURCHASES OF CERTAIN EQUITY SECURITIES BY THE ISSUER AND OTHERS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 78i(a)(2); 15 USC 78j(b)

CFR Citation: 17 CFR 240.10b-18

Legal Deadline: None

Abstract: In response to a petition for rulemaking filed by the New 
York Stock Exchange Inc., the Commission proposed to modify the timing 
condition in current Rule 10b-18 to extend the manipulation safe harbor 
to issuer bids for and purchase of its common stock: (1) that are 
effected either (i) from the reopening of trading until the close of 
trading following, and on the same day as, a market-wide trading 
suspension, or (ii) at the next day's opening, if the market-wide 
trading suspension is in effect at the scheduled close of trading; and 
(2) that comply with the manner, pricing and volume conditions in Rule 
10b-18.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/06/98                    63 FR 59911
NPRM Comment Period End         12/07/98
Final Action                    09/23/99                    64 FR 52428
Final Action Effective          10/29/99

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Joan Collopy, Office of Risk Management, Division of 
Market Regulation, Securities and Exchange Commission
Phone: 202 942-0772
Fax: 202 942-9695
Email: [email protected]

RIN: 3235-AH48
_______________________________________________________________________




4693.  BROKER-DEALER REGISTRATION AND REPORTING

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 77c; 15 USC 77d; 15 USC 77g; 15 USC 77j; 15 USC 
77s; 15 USC 77z-2; 15 USC 77eee; 15 USC 77ggg; 15 USC 77nnn; 15 USC 
77sss; 15 USC 77ttt; 15 USC 78c; 15 USC 78d; 15 USC 78f; 15 USC 78i; 15 
USC 78j; 15 USC 78j-1; 15 USC 78k; 15 USC 78k-1; 15 USC 78l; 15 USC 
78m; 15 USC 78n; 15 USC 78o; 15 USC 78p; 15 USC 78q; 15 USC 78s; 15 USC 
78u-5; 15 USC 78w; 15 USC 78x; 15 USC 78ll(d); 15 USC 78mm; 15 USC 79q; 
15 USC 79t; 15 USC 80a-20; 15 USC 80a-23; 15 USC 80a-29; 15 USC 80a-37; 
15 USC 80b-3; 15 USC 80b-4; 15 USC 80b-11

CFR Citation: 17 CFR 240; 17 CFR 249

Legal Deadline: None

Abstract: The SEC adopted technical amendments to Form BD, the uniform 
broker-dealer registration form, that accomodate electronic filing in 
``Web CRD,'' the new, Internet-based Central Registration Depository 
System.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/10/99                    64 FR 25153
NPRM Comment Period End         06/09/99
Final Rule                      07/12/99                    64 FR 37586
Final Rule Effective            07/30/99

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Barbara A. Stettner, Office of the Chief Counsel, 
Division of Market Regulation, Securities and Exchange Commission
Phone: 202 942-0146
Fax: 202 942-9625
Email: [email protected]

RIN: 3235-AH73
_______________________________________________________________________




4694. PROPOSED AMENDMENTS TO NATIONAL MARKET SYSTEM PLAN

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 78k-1(a)(3)

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The Commission proposed for public comment on its own 
initiative alternative amendments to the plan governing the operation 
of the Intermarket Trading System. The proposed amendments would have 
provided for the linkage of the Pacific Exchange Inc. (``PCX'') 
Application of the Optimark System to the ITS system, and were prepared 
by the Pacific Exchange and the New York Stock Exchange.

The Commission is withdrawing this item from the Unified Agenda because 
the Commission does not expect to consider the item within the next 12 
months, but the Commission may consider the item further at some 
subsequent point.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/22/98                    63 FR 39306
NPRM Comment Period End         08/21/98
Withdrawn                       10/01/99

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Christine Richardson, Office of Market Supervision, 
Division of Market Regulation, Securities and Exchange Commission
Phone: 202 942-0748
Fax: 202 942-9695
Email: [email protected]

RIN: 3235-AH51


_______________________________________________________________________



[[Page 65527]]

4695. YEAR 2000 OPERATIONAL CAPABILITY REQUIREMENTS OF REGISTERED 
BROKER-DEALERS AND TRANSFER AGENTS

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 78c(b); 15 USC 78o(b) and (c); 15 USC 78q; 15 
USC 78w(a); 15 USC 78q(a); 15 USC 78q-1(d); 15 USC 78w(a)

CFR Citation: 17 CFR 240.15b7-3T; 17 CFR 240.17a-9T; 17 CFR 240.17Ad-
21T

Legal Deadline: None

Abstract: The Commission adopted rules that are intended to protect 
investors and the securities markets by reducing the potential systemic 
risk as a result of computer system failure related to the Year 2000 at 
registered broker-dealers and non-bank transfer agents.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/11/99                    64 FR 12127
NPRM Comment Period End         04/10/99
Final Action                    08/03/99                    64 FR 42012
Final Action Effective          08/30/99

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Robert Long, Division of Market Regulation, Securities 
and Exchange Commission
Phone: 202 942-0097
Fax: 202 942-9695
Email: [email protected]

RIN: 3235-AH61
_______________________________________________________________________




4696. EXEMPTION OF THE SECURITIES OF THE KINGDOM OF SWEDEN UNDER THE 
SECURITIES EXCHANGE ACT OF 1934 FOR PURPOSES OF TRADING FUTURES 
CONTRACTS ON THOSE SECURITIES

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 77c; 15 USC 77nnn; 15 USC 77sss; 15 USC 78c; 15 
USC 78i; 15 USC 78j-1; 15 USC k-1; 15 USC 78m; 15 USC 78o; 15 USC 78n; 
15 USC 79q; 15 USC 78mm; 15 USC 78dll(D); 15 USC 78x; 15 USC 78w; 15 
USC 78u-5; 15 USC 78s; 15 USC 78q; 15 USC 80b-11; 15 USC 80b-4; 15 USC 
80b-3; 15 USC 80a-37; 15 USC 80a-29; 15 USC 80a-23; 15 USC 80a-20; 15 
USC 79t; 15 USC 78p; 15 USC 78l; 15 USC 78k; 15 USC 78f; 15 USC 78d; 15 
USC 77ttt; 15 USC 78j; 15 USC 77ggg; 15 USC 77d; 15 USC 77g; 15 USC 
77j; 15 USC 77s; 15 USC 77z-2; 15 USC 77eee

CFR Citation: 17 CFR 240.3a12-8

Legal Deadline: None

Abstract: The Commission amended Rule 3a12-8 to designate debt 
obligations issued by the Kingdom of Sweden as ``Exempted Securities'' 
for the purpose of marketing and trading futures contracts on those 
securities in the United States. This amendment is intended to permit 
futures trading on the sovereign debt of Sweden.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/01/99                     64 FR 9948
NPRM Comment Period End         03/31/99
Final Action                    06/02/99                    64 FR 29550
Final Action Effective          06/02/99

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Joshua Kans, Office of Market Supervision, Division of 
Market Regulation, Securities and Exchange Commission
Phone: 202 942-0079
Fax: 202 942-9645
Email: [email protected]

RIN: 3235-AH68
_______________________________________________________________________


Securities and Exchange Commission (SEC)            Proposed Rule Stage


OFFICES AND OTHER PROGRAMS



_______________________________________________________________________




4697.  SELECTIVE DISCLOSURE AND INSIDER TRADING

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 77a et seq.; 15 USC 78a et seq.

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The staff is considering whether to recommend new rules 
concerning selective disclosure of material, nonpublic information by 
issuers, and addressing several issues under insider trading law.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Richard Levine, General Counsel Office, Securities and 
Exchange Commission
Phone: 202 942-0890
Fax: 202 942-9625

RIN: 3235-AH82
_______________________________________________________________________




4698.  AUDIT COMMITTEE DISCLOSURE

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 77a et seq; 15 USC 78a et seq; 15 USC 79a et 
seq; 15 USC 80a et seq

CFR Citation: 17 CFR 210; 17 CFR 228; 17 CFR 229; 17 CFR 240

Legal Deadline: None

Abstract: The Commission is proposing amendments to Rule 10-10 of 
Regulation S-X, Rule 310 of Regulation S-B, and Item 7 of Schedule 14A 
under the Securities Exchange Act of 1934, and adopting new Item 306 of 
Regulations S-K and S-B. These amendments and new item are intended to 
improve disclosure relating to the functioning of corporate audit 
committees and enhance the reliability and credibility of financial 
statements of public companies.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/14/99                    64 FR 55648
NPRM Comment Period End         11/29/99
Final Action                    01/00/00

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Meredith Mitchell, Senior Counselor, Office of the 
General Counsel, Securities and Exchange Commission

[[Page 65528]]

Phone: 202 942-0900

RIN: 3235-AH83
_______________________________________________________________________


Securities and Exchange Commission (SEC)               Final Rule Stage


OFFICES AND OTHER PROGRAMS



_______________________________________________________________________




4699. AMENDMENTS TO THE FREEDOM OF INFORMATION ACT, PRIVACY ACT, AND 
CONFIDENTIAL TREATMENT RULES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 5 USC 552; 5 USC 552a; 15 USC 77f(d); 15 USC 77s; 15 
USC 77ggg(a); 15 USC 78m(F); 15 USC 78w; 15 USC 79t; 15 USC 79v(a); 15 
USC 77sss; 15 USC 80a-37; 15 USC 80a-44(a); 15 USC 80a-44(b); 15 USC 
80b-10; 15 USC 80b-11

CFR Citation: 17 CFR 200.80; 17 CFR 200.83; 17 CFR 200.303; 17 CFR 
200.306; 17 CFR 200.308; 17 CFR 200.310; 17 CFR 200.312

Legal Deadline: None

Abstract: The Commission proposes to amend its rules to implement 
recent statutory and case law requirements relating to access to 
Commission records. The proposed amendments would also conform the 
rules to current Commission practice and correct typographical errors.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/22/99                    64 FR 19732
NPRM Comment Period End         06/21/99
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Governmental Jurisdictions, 
Organizations

Government Levels Affected: Federal, State, Local, Tribal

Agency Contact: Betty Lopez, SEC Operations Center, Securities and 
Exchange Commission, MS 0-5, 6432 General Green Way, Alexandria, VA 
22312-2413
Phone: 202 942-4327

RIN: 3235-AH71
[FR Doc. 99-24751 Filed 11-19-99; 8:45 am
BILLING CODE 8010-01-F