[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]


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Part LXI





Securities and Exchange Commission





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Semiannual Regulatory Agenda

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SECURITIES AND EXCHANGE COMMISSION (SEC)                               


  



_______________________________________________________________________

SECURITIES AND EXCHANGE COMMISSION

17 CFR Ch. II

[Release Nos. 33-8022, 34-44909, 35-27450, 39-2394, IC-25204, IA-1989, 
File No. S7-19-01]

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 
27, 2001, 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.

DATES:  Public comments are due by December 31, 2001.

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., Washington, DC 
20549-0609. All submissions should refer to File No. S7-19-01 and will 
be available for public inspection and copying at the Commission's 
Public Reference Room, Room 1026, at the same address. Interested 
persons may also submit comments electronically at the following e-mail 
address: [email protected]. We will post electronically submitted 
comment letters on the Commission's web site www.sec.gov.

FOR FURTHER INFORMATION CONTACT:  David R. Fredrickson or Constancio B. 
Cater, Office of the General Counsel, 202-942-0890.

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 that 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 that have been completed 
(or withdrawn) since publication of the last agenda.

     The RFA also requires agencies to review rules that have a 
significant economic impact on a substantial number of small 
entities within 10 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 notice 
of rules that the Commission is reviewing in 2001 is published on 
the Commission's web site www.sec.gov/smbus.

     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:  October 5, 2001.

By the Commission.

 Margaret H. McFarland,

Deputy Secretary.

                              DIVISION OF CORPORATION FINANCE--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4593         Industry Guide 3--Statistical Disclosure by Bank Holding Companies.................     3235-AI10
4594         Asset-Backed Securities Disclosure.................................................     3235-AF74
4595         Streamlining Rule 144..............................................................     3235-AH13
4596         Mandated EDGAR Filing for Forms 3, 4, 5, and 144...................................     3235-AI26
4597         Revision of Multijurisdictional Disclosure System..................................     3235-AH99
4598         Mandated EDGAR Filing for Foreign Issuers..........................................     3235-AI08
4599         Updating the Regulation A Offering Circular........................................     3235-AH87
4600         Financial Reporting and Blank Check Companies......................................     3235-AH88
4601         Lock-Up Agreements.................................................................     3235-AI09
4602         Securities Act Communications Reform...............................................     3235-AI11
4603         Defining ``Qualified Purchasers''..................................................     3235-AI25
----------------------------------------------------------------------------------------------------------------


[[Page 62745]]


                                DIVISION OF CORPORATION FINANCE--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4604         Disclosure of Equity Compensation Plan Information.................................     3235-AI01
4605         Addressing Abuses of Form S-8 by Companies Using Consultants To Raise Capital......     3235-AG94
4606         Revisions to Rules Governing Options Disclosure Document...........................     3235-AH31
----------------------------------------------------------------------------------------------------------------


                             DIVISION OF INVESTMENT MANAGEMENT--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4607         Books and Records To Be Maintained by Investment Advisers..........................     3235-AH24
4608         Custody or Possession of Funds or Securities of Clients............................     3235-AH26
4609         Principal Transactions With Investment Advisory Clients............................     3235-AH34
4610         Exemption for Investment Advisors Operating Through the Internet...................     3235-AI15
4611         Certain Thrift Institutions Deemed Not To Be Investment Advisers...................     3235-AI16
4612         Advisor Transaction Rule Amendments................................................     3235-AI28
4613         Exemption From Registration for Certain Commodity Pool Operators...................     3235-AI29
4614         Shareholder Report and Financial Statement Revisions...............................     3235-AG64
4615         Proposed Amendments in Investment Company Advertising Rules........................     3235-AH19
4616         Exemption for Investments in Affiliated Money Market Funds.........................     3235-AI30
4617         Deposits of Securities in Securities Depositories..................................     3235-AG71
4618         Exemption From Shareholder Approval for Certain Subadvisory Contacts...............     3235-AH80
4619         Mergers of Certain Affiliated Investment Companies.................................     3235-AH81
4620         Amendments to Form N-SAR, Semiannual Report of Registered Investment Companies.....     3235-AF93
4621         Amendments to the Cash Solicitation Rule...........................................     3235-AH33
4622         Rulemaking for EDGAR System........................................................     3235-AI18
4623         PUHCA: Exemption for Certain Acquisitions of Foreign Utility Companies;                 3235-AF78
            Subsidiaries Authorized To Perform Services or Construction or To Sell Goods........
4624         Regional Transmission Organizations and Independent Transmission Companies.........     3235-AI27
----------------------------------------------------------------------------------------------------------------


                               DIVISION OF INVESTMENT MANAGEMENT--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4625         Political Contributions by Certain Investment Advisers.............................     3235-AH72
4626         Certain Broker-Dealers Not Deemed To Be Investment Advisers........................     3235-AH78
4627         Amendments to Form ADV.............................................................     3235-AI17
4628         Exemption for the Acquisition of Securities During the Existence of an Underwriting     3235-AH57
            or Selling Syndicate................................................................
4629         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
----------------------------------------------------------------------------------------------------------------
4630         Exemption From Section 101(c)(1) of the Electronic Signatures in Global and             3235-AH93
            National Commerce Act for Registered Investment Companies...........................
4631         Insurance Products: Equity Index Insurance Products Concept Release................     3235-AH23
----------------------------------------------------------------------------------------------------------------


[[Page 62746]]


                              DIVISION OF INVESTMENT MANAGEMENT--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4632         Electronic Recordkeeping Rules.....................................................     3235-AI14
4633         Exemption for Subsidiaries Organized To Finance Operations of Domestic or Foreign       3235-AE95
            Companies; Certain Prima Facie Investment Companies.................................
4634         Treatment of Repurchase Agreements and Refunded Securities as an Acquisition of the     3235-AH56
            Underlying Securities...............................................................
4635         Electronic Recordkeeping by Investment Companies and Investment Advisers...........     3235-AI05
4636         Electronic Recordkeeping By Public Utility Holding Companies.......................     3235-AI12
----------------------------------------------------------------------------------------------------------------


                                  DIVISION OF MARKET REGULATION--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4637         Amendments to the Penny Stock Rules in Light of the Electronic Signatures in Global     3235-AI02
            and National Commerce Act...........................................................
----------------------------------------------------------------------------------------------------------------


                               DIVISION OF MARKET REGULATION--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4638         Net Capital Rule: Customer Protection Rule.........................................     3235-AH05
4639         Risk Assessment Recordkeeping and Reporting Requirement............................     3235-AH06
4640         Exemption of Certain Foreign Brokers and Dealers...................................     3235-AH17
4641         Untimely Announcement of Record Dates..............................................     3235-AH38
4642         Cash Settlement and Regulatory Halt Requirements for Security Future Products......     3235-AI24
4643         Amendments to Rules 15c3-3, 17a-3, 17a-4, 17a-5, 17a-7, 17a-11, and 17a-13 To           3235-AI32
            Recognize Security Futures Products.................................................
4644         Customer Margin Rules Relating to Security Futures.................................     3235-AI22
4645         Purchases of Certain Equity Securities by the Issuers and Others...................     3235-AH37
4646         Concept Release: Short Sales.......................................................     3235-AH84
----------------------------------------------------------------------------------------------------------------


                                 DIVISION OF MARKET REGULATION--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4647         Market Risk Haircuts for Instruments Subject to Interest Rate Risk.................     3235-AG18
4648         Proposed Amendments to Transfer Agent Rules........................................     3235-AG24
4649         Tender and Reorganization Agents...................................................     3235-AH53
4650         Net Capital Requirements for Brokers or Dealers--Definition of the Term Nationally      3235-AH28
            Recognized Statistical Rating Organization..........................................
4651         Publication or Submission of Quotations Without Specified Information..............     3235-AH40
4652         Processing Requirements for Cancelled Securities Certificates......................     3235-AH54
----------------------------------------------------------------------------------------------------------------


                                DIVISION OF MARKET REGULATION--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4653         Request for Comments on the Effects of Decimal Trading in Sub-Pennies..............     3235-AI23
4654         Exemption From Exchange Act Section 11(d)(1) for Securities of Foreign Issuers Sold     3235-AH58
            on an Installment Basis.............................................................
4655         Definition of Terms in and Specific Exemptions for Banks, Savings Associations, and     3235-AI19
            Savings Banks Under Sections 3(a)(4) and 3(a)(5) of the Securities and Exchange Act
            of 1934.............................................................................
----------------------------------------------------------------------------------------------------------------


[[Page 62747]]


                                DIVISION OF MARKET REGULATION--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4656         Net Capital Requirements for Brokers or Dealers....................................     3235-AD79
4657         Amendments to Rules 17a-3 and 17a-4 Under the Securities Exchange Act of 1934......     3235-AH04
4658         Registration of Broker-Dealers Pursuant to Section 15(b)(1) of the Securities           3235-AI21
            Exchange Act of 1934................................................................
4659         Electronic Submission of Securities Transaction Information by Exchange Members,        3235-AH69
            Brokers, and Dealers................................................................
4660         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..
4661         Proposed Rule Changes of ``Self-Regulatory Organizations''.........................     3235-AI06
4662         Methods of Determining Market Capitalization and Dollar Value of Average Daily          3235-AI13
            Trading Volume; Application of the Definition of Narrow Based Security Index........
4663         Registration of National Securities Exchange Pursuant to 6(g) of the Securities         3235-AI20
            Exchange Act of 1934 and Changes of National Securities Exchange and Limited Purpose
            National Securities Association.....................................................
4664         Large Trader Reporting System......................................................     3235-AE42
4665         Net Capital Rule Concept Release...................................................     3235-AH29
4666         Recordkeeping Requirements for Transfer Agents.....................................     3235-AH74
4667         Amendments to Rule 15b9-1--Exemption for Certain Exchange Members..................     3235-AI03
----------------------------------------------------------------------------------------------------------------


                                 OFFICES AND OTHER PROGRAMS--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4668         Management Reports on Internal Controls............................................     3235-AH97
4669         Proposal to Amendment Disclosure Requirements Related to Derivative Financial           3235-AH98
            Instruments and Derivative Commodity Instruments....................................
----------------------------------------------------------------------------------------------------------------


                                  OFFICES AND OTHER PROGRAMS--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4670         Supplemental Financial Information.................................................     3235-AH86
----------------------------------------------------------------------------------------------------------------


                                  OFFICES AND OTHER PROGRAMS--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4671         International Accounting Standards.................................................     3235-AH65
----------------------------------------------------------------------------------------------------------------


                                  OFFICES AND OTHER PROGRAMS--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4672         Bookkeeping Services Provided by Auditors to Audit Clients in Emergency or Other        3235-AI31
            Unusual Situations..................................................................
----------------------------------------------------------------------------------------------------------------


[[Page 62748]]

_______________________________________________________________________


Securities and Exchange Commission (SEC)            Proposed Rule Stage


Division of Corporation Finance



_______________________________________________________________________




4593. INDUSTRY GUIDE 3--STATISTICAL DISCLOSURE BY BANK HOLDING COMPANIES

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

Legal Authority: 5 USC 77a et seq; 5 USC 78a et seq

CFR Citation: 17 CFR 229; 17 CFR 231; 17 CFR 241

Legal Deadline: None

Abstract: The Division is considering recommending that the Commission 
propose amendments to Securities Act Industry Guide 3 and Exchange Act 
Industry Guide 3, Statistical Disclosure by Banking Holding Companies, 
to update them and apply them more broadly to registrants engaging in 
lending, investing, or deposit-taking activities, rather than just to 
banks and bank holding companies. The revisions also would likely take 
into account changes in financial reporting rules and the increasingly 
diverse lending and investing activities that expose registrants to 
credit risk.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Carol Stacey, Securities and Exchange Commission, 
Division of Corporation Finance
Phone: 202 942-2960

RIN: 3235-AI10
_______________________________________________________________________




4594. ASSET-BACKED SECURITIES DISCLOSURE

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

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

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                            06/00/02

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Elizabeth M. Murphy, Division of Corporation Finance, 
Securities and Exchange Commission
Phone: 202 942-2910

RIN: 3235-AF74
_______________________________________________________________________




4595. 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 proposed revisions to Rule 144, Rule 145, and 
Form 144 to make the rules and form easier to understand and apply. The 
Division is considering recommending that the Commission repropose 
amendments that would, among other things, add a bright line test to 
the Rule 144 definition of affiliate, increase the Form 144 filing 
thresholds, and codify certain interpretive positions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/20/97                     62 FR 9246
NPRM Comment Period End         04/29/97
Second NPRM                     01/00/02

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Raymond A. Be, Division of Corporation Finance, 
Securities and Exchange Commission
Phone: 202 942-2910

RIN: 3235-AH13
_______________________________________________________________________




4596.   MANDATED EDGAR FILING FOR FORMS 3, 4, 5, AND 144

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 77a et seq; 15 USC 78a et seq.; 15 USC 79a et 
seq.; 15 USC 80a-1 et seq.

CFR Citation: 17 CFR 230; 17 CFR 232; 17 CFR 239

Legal Deadline: None

Abstract: The Division is considering recommending that the Commission 
propose amendments that would require persons to file electronically on 
EDGAR their Forms 3, 4, 5, and 144. This would make the information 
more readily available to the investing public.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/02

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Mark W. Green, Senior Special Counsel, Securities and 
Exchange Commission, Washington, DC 20549
Phone: 202 942-1940
Fax: 202 942-9624

RIN: 3235-AI26
_______________________________________________________________________




4597. REVISION OF MULTIJURISDICTIONAL DISCLOSURE SYSTEM

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 78aaa et 
seq

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

Legal Deadline: None

Abstract: The Division is considering recommending that the Commission 
propose revisions to the Multijurisidictional Disclosure System for 
Canadian registrants that would integrate them into the Commission's 
foreign issuer disclosure system in a manner more consistent with all 
other foreign registrants. The proposals would limit the scope of the 
MJDS, including the number of companies eligible to use the system and 
the circumstances under which they may use it, while preserving MJDS 
filer's ability to make offerings in the United States using Canadian 
offering documents and without review by Commission staff.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/02

[[Page 62749]]

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Agency Contact: Mary Cascio, Office of International Corporate Finance, 
Division of Corporation Finance, Securities and Exchange Commission, 
450 5th Street NW, Washington, DC 20549
Phone: 202 942-2990
Fax: 202 942-9624

RIN: 3235-AH99
_______________________________________________________________________




4598. MANDATED EDGAR FILING FOR FOREIGN ISSUERS

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 232

Legal Deadline: None

Abstract: The Commission proposed amendments that would require foreign 
issuers to file electronically on EDGAR their Securities Act and 
Exchange Act registration statements and their Exchange Act reports and 
other documents. Thus far, foreign issuers have only voluntarily filed 
their securities documents on EDGAR. By extending mandated EDGAR filing 
rules to foreign issuers, we hope to achieve the same efficiencies in 
information dissemination sought when we adopted the mandated EDGAR 
filing regime for domestic issuers in 1993.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/04/01                    66 FR 50744
NPRM Comment Period End         12/03/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Elliot Staffin, Securities and Exchange Commission, 
Division of Corporation Finance
Phone: 202 942-2990

RIN: 3235-AI08
_______________________________________________________________________




4599. UPDATING THE REGULATION A OFFERING CIRCULAR

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

Legal Authority: 15 USC 77a et seq

CFR Citation: 17 CFR 239.0

Legal Deadline: None

Abstract: The Division is considering recommending that the Commission 
propose amendments to the Model A offering circular in the Regulation A 
offering statement to conform it to a State registration statement 
format.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/02

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Richard K. Wulff, Division of Corporation Finance, 
Securities and Exchange Commission
Phone: 202 942-2950
Fax: 202 942-9516

RIN: 3235-AH87
_______________________________________________________________________




4600. FINANCIAL REPORTING AND BLANK CHECK COMPANIES

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

Legal Authority: 15 USC 78a et seq

CFR Citation: 17 CFR 249.308

Legal Deadline: None

Abstract: The Division is considering recommending that the Commission 
propose amendments to Form 8-K that would remove the grace period for 
filing financial statements in a blank check company merger.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/02

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Richard K. Wulff, Division of Corporation Finance, 
Securities and Exchange Commission
Phone: 202 942-2950
Fax: 202 942-9516

RIN: 3235-AH88
_______________________________________________________________________




4601. LOCK-UP AGREEMENTS

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 240

Legal Deadline: None

Abstract: The Division is considering recommending that the Commission 
propose a new rule under the Securities Act to clarify how to register 
securities that acquiring companies issue to certain target security 
holders who enter into lock-up agreements in connection with 
acquisition transactions. We also would propose corresponding 
exemptions from certain Exchange Act rules to allow for the execution 
of lock-up agreements without violation of the applicable rules.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/02

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Pamela Carmody, Securities and Exchange Commission, 
Division of Corporation Finance
Phone: 202 942-2920

RIN: 3235-AI09
_______________________________________________________________________




4602. SECURITIES ACT COMMUNICATIONS REFORM

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

Legal Authority: 5 USC 77a et seq

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The Division is considering recommending that the Commission 
propose modifications to the Securities Act restrictions on 
communications by issuers and underwriters around the time of a 
registered offering. The Division is focusing on the section 5 
restrictions on pre-filing offers and free writing and the Securities 
Act rules that permit limited types of communication during those 
periods. In addition, the Division is examining the requirements for 
delivery of final prospectuses.

[[Page 62750]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/02

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Anita Klien, Securities and Exchange Commission, 
Division of Corporation Finance
Phone: 202 942-2980

RIN: 3235-AI11
_______________________________________________________________________




4603.   DEFINING ``QUALIFIED PURCHASERS''

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

Legal Authority: 15 U.S.C. 78r

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The Division is considering recommending that the Commission 
provide a definition of ``qualified purchaser'' to fully implement the 
``covered securities'' portion of Section 18 of the Securities Act of 
1933

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/02

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Marva Simpson, Special Counsel, Securities and Exchange 
Commission, Washington, DC 20549
Phone: 202 942-2950
Fax: 202 942-9516

RIN: 3235-AI25
_______________________________________________________________________


Securities and Exchange Commission (SEC)               Final Rule Stage


Division of Corporation Finance



_______________________________________________________________________




4604. DISCLOSURE OF EQUITY COMPENSATION PLAN INFORMATION

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: 17 CFR 240.14a-101; 17 CFR 229.202; 17 CFR 228.202

Legal Deadline: None

Abstract: The Commission has proposed amendments to Regulations S-K and 
S-B, Regulations 14A and 14C, and Forms 10K and 10KSB that will require 
annual disclosure of the total number of securities authorized for 
issuance under a registrant's employee stock plans, whether or not 
approved by shareholders, and certain related information.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/01/01                     66 FR 8732
NPRM Comment Period End         04/02/01
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Mark Borges, Office of Rulemaking, Division of 
Corporation Finance, Securities and Exchange Commission
Phone: 202 942-2900

RIN: 3235-AI01
_______________________________________________________________________




4605. 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 78w; 15 USC 77g; 15 USC 77h; 15 USC 
77j; 15 USC 77s; 15 USC 78l; 15 USC 78m; 15 USC 78n; 15 USC 78o

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 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
Second NPRM Comment Period End  05/07/99
Final Action                    03/00/02

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
_______________________________________________________________________




4606. 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.

[[Page 62751]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/01/98                    63 FR 36136
NPRM Comment Period End         07/31/98
Final Action                    03/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Raymond A. Be, Division of Corporation Finance, 
Securities and Exchange Commission
Phone: 202 942-2910

RIN: 3235-AH31
_______________________________________________________________________


Securities and Exchange Commission (SEC)            Proposed Rule Stage


Division of Investment Management



_______________________________________________________________________




4607. 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                            06/00/02

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Agency Contact: Don L. Evans, Office of Investment Adviser Regulation, 
Division of Investment Management, Securities and Exchange Commission
Phone: 202 942-0719

RIN: 3235-AH24
_______________________________________________________________________




4608. 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                            12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Agency Contact: Jennifer Sawin, Office of Investment Adviser 
Regulation, Division of Investment Management, Securities and Exchange 
Commission
Phone: 202 942-0719

RIN: 3235-AH26
_______________________________________________________________________




4609. 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                            12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Agency Contact: Jennifer L. Sawin, Office of Investment Adviser 
Regulation, Division of Investment Management, Securities and Exchange 
Commission
Phone: 202 942-0719

RIN: 3235-AH34
_______________________________________________________________________




4610. EXEMPTION FOR INVESTMENT ADVISORS OPERATING THROUGH THE INTERNET

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

Legal Authority: 15 USC 80b-3a(c)

CFR Citation: 17 CFR 275.203A-2

Legal Deadline: None

Abstract: The staff of the Division of Investment Management is 
considering recommending a proposal to the Commission to permit certain 
investment advisers operating through the internet to register with the 
Commission.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/02

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Agency Contact: Jennifer Sawin, Office of Investment Adviser 
Regulation, Division of Investment Management, Securities and Exchange 
Commission
Phone: 202 942-0719

RIN: 3235-AI15
_______________________________________________________________________




4611. CERTAIN THRIFT INSTITUTIONS DEEMED NOT 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

Legal Deadline: None

[[Page 62752]]

Abstract: The staff of the Division of Investment Management is 
considering recommending a proposal to the Commission to except from 
the definition of investment adviser thrift institutions providing 
investment advice to certain clients.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: State

Federalism:  This action may have federalism implications as defined in 
EO 13132.

Agency Contact: Jennifer L. Sawin, Office of Investment Adviser 
Regulation, Division of Investment Management, Securities and Exchange 
Commission
Phone: 202 942-0719

RIN: 3235-AI16
_______________________________________________________________________




4612.   ADVISOR TRANSACTION RULE AMENDMENTS

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

Legal Authority: 15 USC 80a-6(c); 15 USC 80a-10(f); 15 USC 80-17(b); 15 
USC 80a-17(d); 15 USC 80a-30(a); 15 USC 80a 37(a)

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The staff of the Division of Investment Management is 
considering whether to recommend that the Commission propose new rules 
and rule amendments to expand the circumstances under which a 
registered investment company may engage in transaction and joint 
enterprises with certain affiliated persons and affiliated persons of 
affiliated persons of the investment company

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: William C. Middlebrooks, Jr., Attorney, Office of 
Regulatory Policy, Securities and Exchange Commission, Stop 0506, 450 
5th Street NW, Washington, DC 20549
Phone: 202 942-0690

RIN: 3235-AI28
_______________________________________________________________________




4613.   EXEMPTION FROM REGISTRATION FOR CERTAIN COMMODITY POOL 
OPERATORS

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

Unfunded Mandates: Undetermined

Legal Authority: 15 USC 80b-6a

CFR Citation: 17 CFR 275.203(b)(6)-1 (New)

Legal Deadline: None

Abstract: The Division of Investment Management is considering 
recommending that the Commission propose a rule exempting certain 
commodity pool operators from investment adviser registration and 
addressing issues related to the Commodity Futures Modernization Act 
amendments to the Investment Advisers Act

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Daniel Seth Kahl, Attorney, Securities and Exchange 
Commission
Phone: 202 942-0716

RIN: 3235-AI29
_______________________________________________________________________




4614. 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 Division of Investment Management is considering whether 
to recommend that the Commission propose revisions to improve 
investment company shareholder reports, including enhancing disclosure 
of fee information and revising the portfolio holdings disclosure 
requirements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Peter Hong, Office of Disclosure Regulation, Division 
of Investment Management, Securities and Exchange Commission
Phone: 202 942-0721

RIN: 3235-AG64
_______________________________________________________________________




4615. 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 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; 15 USC 77g

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                            01/00/02

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Kimberly Browning, Division of Investment Management, 
Securities and Exchange Commission
Phone: 202 942-0721

RIN: 3235-AH19

[[Page 62753]]

_______________________________________________________________________




4616.   EXEMPTION FOR INVESTMENTS IN AFFILIATED MONEY MARKET 
FUNDS

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

Legal Authority: 15 USC 80a-6(c); 15 USC 80a-12(d)(1)(j)

CFR Citation: 17 CFR 12d1-1

Legal Deadline: None

Abstract: The staff of the Division of Investment Management is 
considering recommending to the Commission a new rule to allow 
investment companies regulated as money market funds in excess of 
limits on those investments under the Investment Company Act of 1940.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/02

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

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

RIN: 3235-AI30
_______________________________________________________________________




4617. 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: The staff of the Division of Investment Management is 
considering whether to recommend that the Commission propose amendments 
to rule 17f-4, which governs the use of securities depositories for 
custody of the assets of management investment companies. The 
amendments 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                            12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Hugh P. Lutz, Office of Regulatory Policy, Division of 
Investment Management, Securities and Exchange Commission
Phone: 202 942-0690

RIN: 3235-AG71
_______________________________________________________________________




4618. EXEMPTION FROM SHAREHOLDER APPROVAL FOR CERTAIN SUBADVISORY 
CONTACTS

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 and to allow certain 
types of funds or their investment advisers to enter into subadvisory 
agreements for investment management services without obtaining 
shareholder approval.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/02

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Adam B. Glazer, Office of Regulatory Policy, Division 
of Investment Management, Securities and Exchange Commission
Phone: 202 942-0690

RIN: 3235-AH80
_______________________________________________________________________




4619. 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: The Division of Investment Management is considering 
recommending to the Commission that it amend Rule 17a-8 under the 
Investment Company Act, which exempts from the prohibitions of section 
17(a) mergers and other combinations of certain affiliated investment 
companies. The amendments would expand the rule to make it available in 
a broader range of circumstances and would alter the conditions 
required for reliance on the rule.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/15/01                    66 FR 57602
NPRM Comment Period End         01/18/02

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

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

RIN: 3235-AH81
_______________________________________________________________________




4620. 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                            06/00/02

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

[[Page 62754]]

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

RIN: 3235-AF93
_______________________________________________________________________




4621. 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                            03/00/02

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Agency Contact: Jennifer L. Sawin, Office of Investment Adviser 
Regulation, Division of Investment Management, Securities and Exchange 
Commission
Phone: 202 942-0719

RIN: 3235-AH33
_______________________________________________________________________




4622. RULEMAKING FOR EDGAR SYSTEM

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 781; 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: In connection with the ongoing modernization of the 
Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system, the 
staff is considering recommending that the Commission propose 
amendments to existing rules and forms to make technical and clarifying 
corrections and to expand the categories of mandatory electronic 
filings to include investment company exemptive applications and 
certain other investment company filings.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/02

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Shaswat K. Das, Senior Counsel, Division of Investment 
Management, Securities and Exchange Commission
Phone: 202 942-0650

RIN: 3235-AI18
_______________________________________________________________________




4623. PUHCA: EXEMPTION FOR CERTAIN ACQUISITIONS OF FOREIGN UTILITY 
COMPANIES; SUBSIDIARIES AUTHORIZED TO PERFORM SERVICES OR CONSTRUCTION 
OR TO SELL GOODS

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

Legal Authority: 15 USC 79e; 15 USC 79f(b); 15 USC 79i(c)(3); 15 USC 
79t; 15 USC 79z-5a; 15 USC 79z-5b; 15 USC 79; 15 USC 79j; 15 USC 79l; 
15 USC 79m; 15 USC 79n; 15 USC 79o

CFR Citation: 17 CFR 250.55 (New); 17 CFR 250.87 (Revision); 17 CFR 
259.5s (Revision); 17 CFR 259.207 (Revision)

Legal Deadline: None

Abstract: Proposed rule 55 is intended to provide a safe harbor for 
those acquisitions of one or more foreign utility companies by a 
registered holding company that meet specified criteria. Proposed rule 
56, previously considered in RIN 3235-AF79, 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 a foreign utility company. The proposed amendment to 
rule 87 would require registered holding companies to obtain Commission 
approval of intrasystem agreements involving foreign utility companies 
and exempt wholesale generators.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/15/93                    58 FR 13719
NPRM Comment Period End         04/14/93
Second NPRM                     02/07/01                     66 FR 9247
Second NPRM Comment Period End  04/09/01
Next Action                     03/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Related to RIN 3235-AF79

Agency Contact: Alberto Zapata, Division of Investment Management, 
Securities and Exchange Commission
Phone: 202 942-0545

RIN: 3235-AF78
_______________________________________________________________________




4624.   REGIONAL TRANSMISSION ORGANIZATIONS AND INDEPENDENT 
TRANSMISSION COMPANIES

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

Legal Authority: 15 USC 79c

CFR Citation: 17 CFR 250.18; 17 CFR 250.40; 17 CFR 250.44; 17 CFR 250.6

Legal Deadline: None

Abstract: The staff of the Division of Investment Management is 
considering recommending a proposal to the Commission to deem an 
``independent transmission company'' as defined by the rule not to be a 
``subsidiary,'' ``company'' or ``affiliate'' of a registered holding 
company. The rule is intended to facilitate the Federal Energy 
Regulatory Commission's Order No. 2000, Regional Transmission 
Organizations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Victoria J. Adraktas, Office of Public Utility 
Regulation, Division of Investment Management, Securities and Exchange 
Commission

[[Page 62755]]

Phone: 202 942-0545

RIN: 3235-AI27
_______________________________________________________________________


Securities and Exchange Commission (SEC)               Final Rule Stage


Division of Investment Management



_______________________________________________________________________




4625. 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 2 years after the adviser or 
any of its partners, executive officers, or solicitors makes a 
contribution to certain elected officials or candidates.
The Commission also has proposed rule amendments that 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                    03/00/02

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Marilyn Barker, Office of Investment Adviser 
Regulation, Division of Investment Management, Securities and Exchange 
Commission
Phone: 202 942-0719

RIN: 3235-AH72
_______________________________________________________________________




4626. 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)-1

Legal Deadline: None

Abstract: The Commission has proposed new Rule 202(a)(11)-1, which 
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                            11/10/99                    64 FR 61226
NPRM Comment Period End         01/14/00
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: State

Federalism:  This action may have federalism implications as defined in 
EO 13132.

Agency Contact: Jennifer L. Sawin, Office of Investment Adviser 
Regulation, Division of Investment Management, Securities and Exchange 
Commission
Phone: 202 942-0719

RIN: 3235-AH78
_______________________________________________________________________




4627. AMENDMENTS TO FORM ADV

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

Legal Authority: 15 USC 80b-4, 80b-6(4), 80bll(a), 80b-3(c)(1); 15 USC 
77s(a); 15 USC 78(a), 78bbb(e)(2); 15 USC 77sss(a); 15 USC 78(s)-37(a)

CFR Citation: 17 CFR 275.204-2; 17 CFR 275.204-3; 17 CFR 275.206(4)-4; 
17 CFR 279.1

Legal Deadline: None

Abstract: Last year, the Commission proposed amendments to Form ADV and 
related rules to create an electronic filing system for investment 
advisers and to improve the quality of information that advisers must 
provide to clients and prospective clients. The proposed amendments to 
Form ADV and the final amendments to Part 1 of Form ADV were published 
under RIN 3235-AD21. The Commission deferred adoption of the final 
amendments to Part 2 of Form ADV, however. Final action on amendments 
to Part 2 of the Form ADV (and related rules), if approved by the 
Commission, will be published under the new RIN.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/05/00                    65 FR 20524
NPRM Comment Period End         06/13/00
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Agency Contact: Marticha L. Cary, Office of Investment Adviser 
Regulation, Division of Investment Management, Securities and Exchange 
Commission, Room 5013, 450 5th Street NW, Washington, DC 20549
Phone: 202 942-0719
Email: [email protected]

RIN: 3235-AI17
_______________________________________________________________________




4628. EXEMPTION FOR THE ACQUISITION OF SECURITIES DURING THE EXISTENCE 
OF AN UNDERWRITING OR SELLING 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

Legal Deadline: None

Abstract: The Commission proposed amendments to rule 10f-3 under the 
Investment Company Act (i) to permit investment companies to purchase 
Government securities during the existence of an underwriting or 
selling

[[Page 62756]]

syndicate in which an affiliate is participating and (ii) for purposes 
of calculating the rule's percentage limit, to require aggregation of 
the purchase made by an investment company in reliance on the rule with 
purchases by any other investment company advised by the investment 
company's investment adviser and any other account over which the 
adviser exercises control.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/06/00                    65 FR 76189
NPRM Comment Period End         02/15/01
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

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

RIN: 3235-AH57
_______________________________________________________________________




4629. 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                            03/23/98                    63 FR 13988
NPRM Comment Period End         07/01/98
Final Action                    01/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Agency Contact: William J. Kotapish, Division of Investment Management, 
Securities and Exchange Commission
Phone: 202 942-0670

RIN: 3235-AG37
_______________________________________________________________________


Securities and Exchange Commission (SEC)              Long-Term Actions


Division of Investment Management



_______________________________________________________________________




4630. EXEMPTION FROM SECTION 101(C)(1) OF THE ELECTRONIC SIGNATURES IN 
GLOBAL AND NATIONAL COMMERCE ACT FOR REGISTERED INVESTMENT COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 77s(a)

CFR Citation: 17 CFR 230.160; 17 CFR 231; 17 CFR 271

Legal Deadline: Other, Statutory, July 28, 2000, section 104(d)(2) of 
the Electronic Signatures Act in Global and National Commerce Act (PL 
106-229).

Abstract: The Commission adopted interim final rule 160 under the 
Securities Act of 1933 to exempt from the consumer consent requirements 
of the Electronic Signatures in Global and National Commerce Act 
prospectuses of registered investment companies that are used for the 
sole purpose of permitting supplemental sales literature to be provided 
to prospective investors. Parts 231 and 271 of title 17 were amended by 
adding Release Nos. 33-7877 and IC-24582 to the list of interpretative 
releases.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              08/02/00                    65 FR 47281
Interim Final Rule Comment 
Period End                      09/01/00
Interim Final Rule Effective    10/01/00
Next Action                      To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Paul Cellupica, Office of Disclosure Regulation, 
Division of Investment Management, Securities and Exchange Commission
Phone: 202 942-0721

RIN: 3235-AH93
_______________________________________________________________________




4631. 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                           08/27/97                    62 FR 45359
ANPRM Comment Period End        11/20/97
NPRM                            11/21/97                    62 FR 62273
NPRM Comment Period End         01/05/98


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Agency Contact: William J. Kotapish, Division of Investment Management, 
Securities and Exchange Commission

[[Page 62757]]

Phone: 202 942-0670

RIN: 3235-AH23
_______________________________________________________________________


Securities and Exchange Commission (SEC)              Completed Actions


Division of Investment Management



_______________________________________________________________________




4632. ELECTRONIC RECORDKEEPING RULES

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

Legal Authority: 15 USC 80a; 15 USC 80b; 15 USC 79; 15 USC 78a

CFR Citation: 17 CFR 270.31a-2; 17 CFR 275.204-2; 17 CFR 257.1; 17 CFR 
240.17a-4; 17 CFR 240.17a-3; 17 CFR 240.17Aa-7

Legal Deadline: Other, Statutory, March 1, 2001, Under the Electronic 
Signatures in Global and National Commerce Act of 2000, an agency can 
announce, propose, or initiate rulemaking with respect to its 
recordkeeping provisions by March 1, 2001.

Abstract: Under the Federal securities laws, regulated entities, 
including registered broker-dealers, transfer agents, investment 
companies, and investment advisers, and public utility holding 
companies, must keep certain records of their activities. The 
Commission currently allows these entities to keep certain records 
electronically, subject to standards designed to protect investors' 
interests, the financial stability of regulated entities, and generally 
to further the purposes of the Federal securities laws. The Electronic 
Signatures in Global and National Commerce Act of 2000 (``ESign'') is 
intended to remove unnecessary impediments to the use of electronic 
records in commerce, while preserving the ability of agencies like the 
Commission to reconcile ESign's policy with the statutes they 
administer. The Commission issued interpretative guidance and adopted 
rules consistent with ESign. The rules include RINs 3235-AI05, 3235-
AI12, and 3235-AH74.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           03/05/01                    66 FR 13273
Merged With SEC E-Sign Rules    05/31/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: This action has been jointly prepared by the 
staffs from the Divisions of Investment Management, and Market 
Regulation and Corporation Finance

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

Randall W. Roy, Division of Market Regulation, Securities and Exchange 
Commission
Phone: 202 942-0798

David Sieradzki, Division of Market Regulation, Securities and Exchange 
Commission
Phone: 202 942-0135
Email: [email protected]

Mark Borges, Office of Rulemaking, Division of Corporation Finance, 
Securities and Exchange Commission
Phone: 202 942-2900

RIN: 3235-AI14
_______________________________________________________________________




4633. 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 Division is withdrawing this item from the Unified Agenda 
because the Division does not expect to consider the item within the 
next 12 months; but, the Division may reconsider the item further at 
some subsequent point.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       10/01/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

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

RIN: 3235-AE95
_______________________________________________________________________




4634. TREATMENT OF REPURCHASE AGREEMENTS AND REFUNDED SECURITIES AS AN 
ACQUISITION OF THE UNDERLYING SECURITIES

Priority: Substantive, Nonsignificant

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 adopted a new rule 5b-3 to permit investment 
companies to ``look through'' specific repurchase agreements to the 
securities that collateralize them for the purposes of section 5(b)(1) 
and 12(d)(3) of the Investment Company Act and to ``look through'' 
specific pre-refunded bonds to escrowed securities for the purposes of 
section 5(b)(1) of the Act. The Commission also adopted 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                    07/11/01                    66 FR 36156
Final Action Effective          08/15/01

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Hugh P. Lutz, Office of Regulatory Policy, Division of

[[Page 62758]]

Investment Management, Securities and Exchange Commission
Phone: 202 942-0690

RIN: 3235-AH56
_______________________________________________________________________




4635. ELECTRONIC RECORDKEEPING BY INVESTMENT COMPANIES AND INVESTMENT 
ADVISERS

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 80a-30, 80a-37(a), 80b-4, 80b-6(4)

CFR Citation: 17 CFR 270.31a2; 17 CFR 275.204-2

Legal Deadline: Other, Statutory, March 1, 2001, The Electronic 
Signatures in Global and National Commerce Act established a deadline 
of June 1, 2001, for action by agencies under the Act's rulemaking 
provisions.

Abstract: The Commission adopted amendments to rule 31a-2 under the 
Investment Company Act of 1940 and rule 204-2 under the Investment 
Adviser Act of 1940 to expand the circumstances under which registered 
investment companies and registered investment advisers may maintain 
required records in an electronic format.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/19/01                    66 FR 15369
NPRM Comment Period End         04/19/01
Final Action                    05/30/01                    66 FR 29224
Final Action Effective          05/31/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: William C. Middlebrooks, Jr., Attorney, Office of 
Regulatory Policy, Securities and Exchange Commission, Stop 0506, 450 
5th Street NW, Washington, DC 20549
Phone: 202 942-0690

RIN: 3235-AI05
_______________________________________________________________________




4636. ELECTRONIC RECORDKEEPING BY PUBLIC UTILITY HOLDING COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 79o; 15 USC 79t

CFR Citation: 17 CFR 257.1

Legal Deadline: Other, Statutory, March 1, 2001, Under the Electronic 
Signatures in Global and National Commerce Act of 2000, an agency can 
announce, propose, or initiate rulemaking with respect to its 
recordkeeping provisions by March 1, 2001.

Abstract: The Commission adopted revised and updated the recordkeeping 
requirements for Public Utility Holding Companies to include the usage 
of electronic media.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/23/01                    66 FR 16158
NPRM Comment Period End         04/23/01
Final Action                    05/31/01                    66 FR 29471
Final Action Effective          05/31/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Victoria J. Adraktas, Office of Public Utility 
Regulation, Division of Investment Management, Securities and Exchange 
Commission
Phone: 202 942-0545

RIN: 3235-AI12
_______________________________________________________________________


Securities and Exchange Commission (SEC)                  Prerule Stage


Division of Market Regulation



_______________________________________________________________________




4637. AMENDMENTS TO THE PENNY STOCK RULES IN LIGHT OF THE ELECTRONIC 
SIGNATURES IN GLOBAL AND NATIONAL COMMERCE ACT

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

Legal Authority: 15 USC 78c(h); 15 USC 78o(g)

CFR Citation: 17 CFR 240.15g-2(c); 17 CFR 240.15g-9(e)

Legal Deadline: None

Abstract: The Division is considering recommending to the Commission 
proposed rules 15g-2(c) and 15(g)-9(e) under the Exchange Act that 
would provide that if a broker-dealer accepts a customer's electronic 
signature instead of a manual signature, the broker-dealer must wait at 
least 2 business days after receiving the electronically signed 
document to effect a penny stock transaction for its customer. In 
addition, a broker-dealer accepting an electronically transmitted penny 
stock agreement would be required to wait at least 2 business days 
after receiving the agreement to execute a penny stock transaction for 
a customer.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           12/00/01

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Norman Reed, Securities and Exchange Commission, 
Division of Market Regulation
Phone: 202 942-7901

RIN: 3235-AI02

[[Page 62759]]

_______________________________________________________________________


Securities and Exchange Commission (SEC)            Proposed Rule Stage


Division of Market Regulation



_______________________________________________________________________




4638. 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                            02/00/02

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Federalism:  Undetermined

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
_______________________________________________________________________




4639. 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 2001.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/00/02

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Federalism:  Undetermined

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
_______________________________________________________________________




4640. 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

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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Kenneth M. Rosen, Office of the Chief Counsel, Division 
of Market Regulation, Securities and Exchange Commission
Phone: 202 942-0096
Fax: 202 942-9645
Email: [email protected]

RIN: 3235-AH17
_______________________________________________________________________




4641. 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                            02/00/02

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Federalism:  Undetermined

Agency Contact: James A. Brigagliano, Assistant Director, Office of 
Risk Management, Division of Market Regulation, Securities and Exchange 
Commission
Phone: 202 942-0772

RIN: 3235-AH38
_______________________________________________________________________




4642.   CASH SETTLEMENT AND REGULATORY HALT REQUIREMENTS FOR 
SECURITY FUTURE PRODUCTS

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

Legal Authority: 15 USC 78f; 15 USC 78 0-3; 15 USC 78s; 15 USC 78w; 15 
USC 78mm

CFR Citation: 17 CFR 240.6h-1

Legal Deadline: None

Abstract: Proposed Rule 6h-1 would require national securities exchange 
and national securities associations trading securities futures product 
to establish (1) settlement prices for each cash-settled security 
futures product that fairly reflects the opening price of the 
underlying security or securities, and (2) a halt in trading in any 
security futures product when a regulatory halt is instituted by the 
national securities exchange or national securities association listing 
the security or

[[Page 62760]]

securities underlying the security futures product.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/30/01                    66 FR 45904
NPRM Comment Period End         10/01/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Terri Lee Evans, Securities and Exchange Commission, 
Division of Market Regulation
Phone: 202 942-4162

RIN: 3235-AI24
_______________________________________________________________________




4643.   AMENDMENTS TO RULES 15C3-3, 17A-3, 17A-4, 17A-5, 17A-7, 
17A-11, AND 17A-13 TO RECOGNIZE SECURITY FUTURES PRODUCTS

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

Legal Authority: 15 USC 78(c)(b), 78(c)(3), 78q(a), 78w(a)

CFR Citation: 17 CFR 240.15c3-3; 17 CFR 240.17a-3 - 240.17a-5; 17 CFR 
240.17a-7; 17 CFR 240.17a-11; 17 CFR 240.17a-13

Legal Deadline: Final, Statutory, December 21, 2001, The Commodity 
Futures Modernization Act of 2000.

Abstract: These amendments are designed to eliminate duplicative or 
conflicting regulations applicable to firms that are fully-registered 
with the CFTC as a FCM and fully registered with the SEC as a broker-
dealer relating to the treatment of customer funds, securities of 
property, maintenance of books and records, financial reporting or 
other financial responsibility rules involving security futures 
products (``SFP''), as directed by the Commodity Futures Modernization 
Act of 2000. The amendments are also designed to eliminate certain 
conflicting or duplicative recordkeeping, reporting, telegraphic 
notice, and quarterly count requirements involving SFPs for firms that 
are ``notice'' registered with the SEC under the section 15(b)(11)(A) 
of the Exchange Act. These amendments were developed in consultation 
with the CFTC.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/04/01                    66 FR 50786
NPRM Comment Period End         11/05/01
Comment Period Extended to 12/
05/2001                         11/02/01                    66 FR 55608

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Bonnie Lynn Gauch, Securities and Exchange Commission, 
Division of Market Regulation, Washington, DC
Phone: 202 942-0756

RIN: 3235-AI32
_______________________________________________________________________




4644.   CUSTOMER MARGIN RULES RELATING TO SECURITY FUTURES

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

Legal Authority: 15 USC 78g(c)

CFR Citation: 17 CFR 242.400 - 242.404

Legal Deadline: None

Abstract: Proposed rules 400 through 404 will establish initial and 
maintenance customer margin requirements imposed by brokers, dealers, 
and members of national security exchanges for security products.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/04/01                    66 FR 50720
NPRM Comment Period End         11/05/01
Comment Period Extended to 12/
05/2001                         11/02/01                    66 FR 55608

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lisa N. Jones, Securities and Exchange Commission, 
Division of Market Regulation, Washington, DC
Phone: 202 942-0063

Jennifer Colihan, Securities and Exchange Commission, Division of 
Market Regulation, Washington, DC
Phone: 202 942-0735

RIN: 3235-AI22
_______________________________________________________________________




4645. 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 is considering proposing to simplify and 
update Rule 10b-18's provisions in light of market development since 
the Rule's adoption. Rule 10b-18 provides 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 manner, timing, 
price, and volume conditions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/02

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________




4646. CONCEPT RELEASE: SHORT SALES

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

Legal Authority: 15 USC 78j(a); 15 USC 78w

CFR Citation: 17 CFR 240.10a-1

Legal Deadline: None

Abstract: As part of its comprehensive review of Exchange Act Rule 10a-
1, the short sale rule, the Commission published a concept release 
soliciting public comment on, among other things: Lifting the limits on 
short sales of exchange listed securities under advancing market 
conditions; providing

[[Page 62761]]

an exception for actively traded securities; focusing short sale 
restrictions on certain market events and trading strategies; removing 
short sale restrictions on hedging transactions; revising short sale 
regulation in response to certain market developments; revising the 
definition of ``short sale''; extending short sale regulation to non-
exchange listed securities; and eliminating short sale regulation 
altogether.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           10/28/99                    64 FR 57996
ANPRM Comment Period End        12/28/99
NPRM                            02/00/02

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Gregory J. Dumark, Division of Market Regulation, 
Securities and Exchange Commission
Phone: 202 942-4176
Fax: 202 942-9695
Email: [email protected]

RIN: 3235-AH84
_______________________________________________________________________


Securities and Exchange Commission (SEC)               Final Rule Stage


Division of Market Regulation



_______________________________________________________________________




4647. 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                           05/10/93                    58 FR 27486
ANPRM Comment Period End        12/12/93
NPRM                            12/30/97                    62 FR 67996
Extension of Comment Period to  03/06/98                    63 FR 11173
NPRM Comment Period End         03/30/98
Interim Final Rule              02/00/02

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Federalism:  Undetermined

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
_______________________________________________________________________




4648. 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                    12/00/01

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
_______________________________________________________________________




4649. 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 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 to the agents.

[[Page 62762]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/04/98                    63 FR 47209
NPRM Comment Period End         11/03/98
Final Action                    12/00/01

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: 202 942-0785
Fax: 202 942-9695
Email: [email protected]

RIN: 3235-AH53
_______________________________________________________________________




4650. 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                    02/00/02

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
_______________________________________________________________________




4651. PUBLICATION OR SUBMISSION 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 and manipulation 
in the microcap securities market, the Division submitted for 
Commission consideration final amendments to Rule 15c2-11. These 
amendments would limit the Rule's piggyback provision and increase 
public availability of issuer information. The amendments would 
modestly expand the information review requirements for non-reporting 
issuers and the documentation required for significant relationships 
between the broker-dealer and the issuer of the security to be quoted. 
Finally the amendments would exclude from the rule securities of 
larger, more liquid issuers.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/25/98                     63 FR 9661
NPRM Comment Period End         04/27/98
Second NPRM                     03/08/99                    64 FR 11124
Second NPRM Comment Period End  04/07/99
Second NPRM Comment Period 
Extended to                     04/14/99                    64 FR 18393
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Federalism:  Undetermined

Agency Contact: Thomas D. Eidt, Office of Risk Management and Control, 
Division of Market Regulation, Securities and Exchange Commission
Phone: 202 942-0159
Fax: 202 942-0553
Email: [email protected]

RIN: 3235-AH40
_______________________________________________________________________




4652. PROCESSING REQUIREMENTS FOR 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 proposed Rule 17Ad-19 to establish regulations 
for the destruction of cancelled securities certificates and to require 
each transfer agent to establish written procedures for the storage and 
destruction of cancelled securities certificates.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/06/00                    65 FR 59766
NPRM Comment Period End         12/05/00
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Federalism:  Undetermined

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

RIN: 3235-AH54

[[Page 62763]]

_______________________________________________________________________


Securities and Exchange Commission (SEC)              Long-Term Actions


Division of Market Regulation



_______________________________________________________________________




4653.   REQUEST FOR COMMENTS ON THE EFFECTS OF DECIMAL TRADING 
IN SUB-PENNIES

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

Legal Authority: Not Yet Determined

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The Commission published a Concept Release soliciting public 
comment on the impact on fair and orderly markets and investor 
protection of trading and potentially quoting securities in an 
increment of less than a penny. In particular, the Commission seeks 
comment on the effects of subpenny prices on market transparency and 
the operation and effectiveness of Commission and SRO rules that are 
dependent on trading or quoting price differentials.

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Gregory J. Dumark, Division of Market Regulation, 
Securities and Exchange Commission
Phone: 202 942-4176
Fax: 202 942-9695
Email: [email protected]

RIN: 3235-AI23
_______________________________________________________________________




4654. 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 Commission is withdrawing a proposal that would set 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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/00/03

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Patricia Albrecht, Office of the Chief Counsel, 
Division of Market Regulation, Securities and Exchange Commission
Phone: 202 942-0734
Fax: 202 942-9645
Email: [email protected]

RIN: 3235-AH58
_______________________________________________________________________




4655. DEFINITION OF TERMS IN AND SPECIFIC EXEMPTIONS FOR BANKS, SAVINGS 
ASSOCIATIONS, AND SAVINGS BANKS UNDER SECTIONS 3(A)(4) AND 3(A)(5) OF 
THE SECURITIES AND EXCHANGE ACT OF 1934

Priority: Substantive, Nonsignificant

Legal Authority: PL 106-102

CFR Citation: 17 CFR 240.3a4-2; 17 CFR 240.3a4-3; 17 CFR 240.3a-51; 17 
CFR 240.3b-17; 17 CFR 240.3b-18; 17 CFR 200.30-3; 17 CFR 240.3a4-4 - 
3a4.6; 17 CFR 240.15a-7 - 15a-9; ...

Legal Deadline: Other, Statutory, May 12, 2001, Title II of the Gramm-
Leach-Bliley Act required banks to shift certain securities activities 
to registered broker-dealers by May 12, 2001.

Abstract: The Commission issued guidance to the meaning of terms added 
to the Securities Exchange Act of 1934 by the Gramm-Leach-Bliley Act of 
1999. The Commission extended the implementation date for the guidance 
until May 12, 2002.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              05/18/01                    66 FR 27760
Interim Final Rule Comment 
Period End                      07/17/01
Interim Final Rule Extended     07/24/01                    66 FR 38370
Comment Period Extended         07/24/01                    66 FR 38370
Comment Period End              09/04/01
Next Action                      To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lourdes Gonzalez, Assistant Chief Counsel, Division of 
Market Regulation, Securities and Exchange Commission
Phone: 202 942-0073
Fax: 202 942-9645
Email: [email protected]

RIN: 3235-AI19
_______________________________________________________________________


Securities and Exchange Commission (SEC)              Completed Actions


Division of Market Regulation



_______________________________________________________________________




4656. 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 Division of Market Regulation has withdrawn this 
submission which had proposed amendments to Exchange Act Rule 15c3-1, 
the net capital rule.

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
Withdrawn                       10/01/01

[[Page 62764]]

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Federalism:  Undetermined

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
_______________________________________________________________________




4657. AMENDMENTS TO RULES 17A-3 AND 17A-4 UNDER THE SECURITIES EXCHANGE 
ACT OF 1934

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

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

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
Second NPRM                     10/09/98                    63 FR 54404
Second NPRM Comment Period End  11/09/98
Final Action                    11/02/01                    66 FR 55818
Final Action Effective          05/02/03

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: State

Federalism:  This action may have federalism implications as defined in 
EO 13132.

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
_______________________________________________________________________




4658.   REGISTRATION OF BROKER-DEALERS PURSUANT TO SECTION 
15(B)(1) OF THE SECURITIES EXCHANGE ACT OF 1934

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 78o(a), 78o(h), 78q, 78o-4(a)(2), 78o-5(a)(2), 
78w(a)

CFR Citation: 17 CFR 240.15a-10, 240.15b2-2, 15b11.1, 248.2; 17 CFR 
248.3, 249.501b

Legal Deadline: None

Abstract: The Commission adopted Rules 15a-10 and 15b11-1 under the 
Exchange Act, Form BD-N, and amendments to Rule 15b2-2 under the 
Exchange Act to establish the procedure for notice and registration of 
broker-dealers to trade security futures products. In addition, the 
Commission amended Regulation S-P to make it consistent with recent 
amendments to the Commodity Exchange Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/26/01                    66 FR 34042
NPRM Comment Period End         07/26/01
Final Action                    08/27/01                    66 FR 45138
Final Action Effective          08/27/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Theodore R. Lazo, Securities and Exchange Commission, 
Division of Market Regulation
Phone: 202 942-0745
Fax: 202 942-9695
Email: [email protected]

RIN: 3235-AI21
_______________________________________________________________________




4659. ELECTRONIC SUBMISSION OF SECURITIES TRANSACTION INFORMATION BY 
EXCHANGE MEMBERS, BROKERS, AND DEALERS

Priority: Substantive, Nonsignificant

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

CFR Citation: 17 CFR 240.17a-25

Legal Deadline: None

Abstract: The Securities and Exchange Commission adopted Rule 17a-25, 
which would require registered broker-dealers to submit securities 
transaction information in an electronic format when requested by the 
Commission staff for enforcement and other regulatory purposes. The 
rule improves the Commission's capacity to use electronic submissions 
of transaction information to analyze transactions by entities that 
trade through multiple accounts maintained at multiple broker-dealers.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/08/00                    65 FR 26534
NPRM Comment Period End         06/07/00
Final Action                    07/09/01                    66 FR 35836
Final Action Effective (General)08/08/01
Final Action Effective (Section 
240.17a-25(b))                  01/07/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

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
_______________________________________________________________________




4660. 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

[[Page 62765]]

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 is withdrawing its proposal to amend 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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/29/99                    64 FR 41056
NPRM Comment Period End         08/30/99
Withdrawn                       10/01/01

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).

Agency Contact: Nancy Sanow, Office of Market Supervision, Division of 
Market Regulation, Securities and Exchange Commission
Phone: 202 942-0796
Fax: 202 942-9695
Email: [email protected]

RIN: 3235-AH76
_______________________________________________________________________




4661. PROPOSED RULE CHANGES OF ``SELF-REGULATORY ORGANIZATIONS''

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 77z-3; 15 USC 77eee; 15 USC 77ggg; 15 
USC 77nnn; 15 USC 77sss; 15 USC 77ttt; 15 USC 78a; 15 USC 78c; 15 USC 
78d; 15 USC 78f; 15 USC 78i; 15 USC 78j; 15 USC 78j-1; 15 USC 78d; 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 78dd; 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 240.19b-6; 17 CFR 249.818; 17 CFR 249.820

Legal Deadline: None

Abstract: The Securities and Exchange Commission is proposing to adopt 
Rule 19b-6 to streamline the self-regulatory organization rule filing 
process. Proposed Rule 19b-6 would (1) require the Commission to 
publish proposed self-regulatory organization rules within a set time 
period after the proposed rules are filed with the Commission and (2) 
permit a greater number of self-regulatory organization rules to become 
effective upon filing.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/05/01                     66 FR 8912
NPRM Comment Period End         04/06/01
Withdrawn                       10/01/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Florence Harmon, Securities and Exchange Commission, 
Division of Market Regulation
Phone: 202 942-0163

RIN: 3235-AI06
_______________________________________________________________________




4662. METHODS OF DETERMINING MARKET CAPITALIZATION AND DOLLAR VALUE OF 
AVERAGE DAILY TRADING VOLUME; APPLICATION OF THE DEFINITION OF NARROW 
BASED SECURITY INDEX

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 78c

CFR Citation: 17 CFR 240.3a55-1; 17 CFR 240.3a55-2; 17 CFR 240.3a55-3

Legal Deadline: None

Abstract: Rule 3a55-1 provides methods of calculating market 
capitalization and dollar value of average daily trading volume for 
purposes of determining whether a securities index is narrow-based 
pursuant to the definition in the Commodity Futures Modernization Act 
of 2000. Rule 3a55-2 excludes from the definition of a narrow-based 
index certain securities indexes that have traded on futures markets 
for less than 30 days. Rule 3a55-3 provides that when a future on a 
security index is traded on or subject to the rules of a foreign board 
of trade, it will not be considered a narrow-based security index if a 
future on that same index were traded on a designated contract market 
or registered derivative transaction execution facility.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/17/01                    66 FR 27560
NPRM Comment Period End         06/18/01
Final Action Effective          08/21/01
Final Action                    08/23/01                    66 FR 44490

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Sapna C. Patel, Office of Market Supervision, 
Securities and Exchange Commission
Phone: 202 942-0166
Fax: 202 942-9695
Email: [email protected]

RIN: 3235-AI13
_______________________________________________________________________




4663.   REGISTRATION OF NATIONAL SECURITIES EXCHANGE PURSUANT 
TO 6(G) OF THE SECURITIES EXCHANGE ACT OF 1934 AND CHANGES OF NATIONAL 
SECURITIES EXCHANGE AND LIMITED PURPOSE NATIONAL SECURITIES ASSOCIATION

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 6(g); 15 USC 19(b)

CFR Citation: 17 CFR 202.3; 17 CFR 240.6a-2 - 6a-4; 17 CFR 240.19b-4; 
19b-7; 17 CFR 249.10; 17 CFR 249.819; 17 CFR 249.822; ...

Legal Deadline: None

Abstract: New Rule 6a-4 directs entities wishing to become national 
securities exchanges pursuant to Section 6(g) of the Exchange Act to 
register with the SEC on Form 1-N. New Rule 19b-7 directs the Section 
6(g) exchanges as well as limited purpose national securities 
associations to file proposed rule changes with the SEC on Form 19b-7. 
Minor changes were made to other SEC rules to accommodate these new 
substantive rules.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/15/01                    66 FR 26978
NPRM Comment Period End         06/14/01

[[Page 62766]]

Final Action                    08/20/01                    66 FR 43721
Final Action Effective          08/20/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Michael James Gaw, Securities and Exchange Commission, 
Division of Market Regulation
Phone: 202 942-0158

RIN: 3235-AI20
_______________________________________________________________________




4664. LARGE TRADER REPORTING SYSTEM

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

Legal Authority: 15 USC 77c to 77d; 15 USC 79q; 15 USC 79t; 15 USC 80a-
29; 15 USC 80a-37; 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

CFR Citation: 17 CFR 240.13h-1

Legal Deadline: None

Abstract: The Commission has withdrawn Exchange Act Rule 13h-1 in light 
of the adoption of Rule 17a-25 in Exchange Act Rel. No. 44494 (June 29, 
2001).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/17/94                     59 FR 7917
NPRM Comment Period End         04/18/94
Withdrawn                       10/01/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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
_______________________________________________________________________




4665. 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: The Division of Market Regulation is withdrawing this concept 
release which had solicited comments on how the net capital rule could 
have been modified.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           12/30/97                    62 FR 68011
Extension of Comment Period to  03/06/98                    63 FR 11173
ANPRM Comment Period End        03/30/98
Withdrawn                       10/01/01

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
_______________________________________________________________________




4666. RECORDKEEPING REQUIREMENTS FOR TRANSFER AGENTS

Priority: Substantive, Nonsignificant

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 adopted amendments to Rule 17Ad-7 under the 
Securities Exchange Act of 1934 to allow registered transfer agents to 
use microfiche and electronic storage media to maintain 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                    05/01/01                    66 FR 21648
Final Action Effective          05/31/01

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: 202 942-0786
Fax: 202 942-9695
Email: [email protected]

RIN: 3235-AH74
_______________________________________________________________________




4667. AMENDMENTS TO RULE 15B9-1--EXEMPTION FOR CERTAIN EXCHANGE MEMBERS

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

Legal Authority: 15 USC 78o(a); 15 USC 78o(b); 15 USC 78o-4(a)(2); 15 
USC 78o-5(a)(2); 15 USC 78w(a)

CFR Citation: 15 CFR 240.15b9-1(b)

Legal Deadline: None

Abstract: The Commission is withdrawing its proposal to amend Rule 
15b9-1 under the Exchange Act, which provides broker-dealers with a 
conditional exemption from National Securities Association membership, 
because of the implementation of SRO rules requiring Series 7 exams for 
PHLX proprietary traders and requiring appropriateness assessments, 
risk disclosures and certain margin limitations for day traders.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       10/01/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

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-AI03

[[Page 62767]]

_______________________________________________________________________


Securities and Exchange Commission (SEC)            Proposed Rule Stage


Offices and Other Programs



_______________________________________________________________________




4668. MANAGEMENT REPORTS ON INTERNAL CONTROLS

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-1 et seq

CFR Citation: 17 CFR 210; 17 CFR 229

Legal Deadline: None

Abstract: The Office of the Chief Accountant is considering 
recommending that the Commission publish a release proposing that 
certain documents filed with the Commission contain a statement of 
management's responsibilities for the preparation of financial 
statements in accordance with generally accepted accounting principles 
and for a system of internal controls for the registrants financial 
reporting processes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: John W. Albert, Associate Chief Accountant, Securities 
and Exchange Commission
Phone: 202 942-4400
Fax: 202 942-9656

RIN: 3235-AH97
_______________________________________________________________________




4669. PROPOSAL TO AMENDMENT DISCLOSURE REQUIREMENTS RELATED TO 
DERIVATIVE FINANCIAL INSTRUMENTS AND DERIVATIVE COMMODITY INSTRUMENTS

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-1 et seq

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

Legal Deadline: None

Abstract: The Office of the Chief Accountant is considering 
recommending that the Commission publish a release proposing amendments 
that would conform the Commission's disclosure requirements with 
Financial Accounting Standards No.133.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Jenifer Minke-Girard, Assistant Chief Accountant, 
Securities and Exchange Commission
Phone: 202 942-4400
Fax: 202 942-9656
Email: [email protected]

RIN: 3235-AH98
_______________________________________________________________________


Securities and Exchange Commission (SEC)               Final Rule Stage


Offices and Other Programs



_______________________________________________________________________




4670. SUPPLEMENTAL FINANCIAL INFORMATION

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-1 et seq

CFR Citation: 17 CFR 210; 17 CFR 229

Legal Deadline: None

Abstract: The Commission has proposed amendments to reposition within 
its regulation the requirement for certain registrants to disclose 
changes in their valuation and loss accrual accounts and to clarify the 
type of information to be disclosed. The Commission also is proposing 
amendments to its rules to require disclosure of information concerning 
tangible and intangible assets and related accumulated depreciation, 
depletion, and amortization.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/31/00                     65 FR 4585
NPRM Comment Period End         04/17/00
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: John W. Albert, Associate Chief Accountant, Securities 
and Exchange Commission
Phone: 202 942-4400
Fax: 202 942-9656

RIN: 3235-AH86
_______________________________________________________________________


Securities and Exchange Commission (SEC)              Long-Term Actions


Offices and Other Programs



_______________________________________________________________________




4671. 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 210; 17 CFR 249.220f

Legal Deadline: None

Abstract: The Commission is reviewing comments received in response to 
a concept release 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. The staff is considering drafting appropriate rule 
proposals and recommendations to the Commission.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           02/23/00                     65 FR 8896
ANPRM Comment Period End        05/23/00
NPRM                             To Be                       Determined

[[Page 62768]]

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: Undetermined

Agency Contact: Susan Koski-Grafer, Securities and Exchange Commission
Phone: 202 942-4400

RIN: 3235-AH65
_______________________________________________________________________


Securities and Exchange Commission (SEC)              Completed Actions


Offices and Other Programs



_______________________________________________________________________




4672.   BOOKKEEPING SERVICES PROVIDED BY AUDITORS TO AUDIT 
CLIENTS IN EMERGENCY OR OTHER UNUSUAL SITUATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 77a; 15 USC 78a; 15 USC 79a; 15 USC 80a-1

CFR Citation: 17 CFR 210

Legal Deadline: None

Abstract: This release expresses the view of the Commission that 
auditors of the financial statements of Commission registrants may 
provide certain bookkeeping services to those audit clients directly 
affected by the events of September 11, 2001.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    09/14/01                    66 FR 48335

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: John Morissey, Office of the Chief Accountant, 
Securities and Exchange Commission, 450 5th Street NW, Washington, DC 
20549-1103
Phone: 202 942-4400
Fax: 202 942-9656

RIN: 3235-AI31
[FR Doc. 01-26035 Filed 11-30-01; 8:45 am]
BILLING CODE 8010-01-S
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