

[Federal Register: July 11, 2006 (Volume 71, Number 132)]
[Notices]               
[Page 39134-39135]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr11jy06-125]                         

=======================================================================
-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

 
Notice of Sunshine Act Meetings

    Notice is hereby given, pursuant to the provisions of the 
Government in the Sunshine Act, Public Law 94-409, that the Securities 
and Exchange Commission will hold the following meetings during the 
week of July 10, 2006:
    An Open Meeting will be held on Wednesday, July 12, 2006 at 10 a.m. 
in the Auditorium, Room LL-002, and a

[[Page 39135]]

Closed Meeting will be held on Thursday, July 13, 2006 at 1 p.m.
    Commissioners, Counsel to the Commissioners, the Secretary to the 
Commission, and recording secretaries will attend the Closed Meeting. 
Certain staff members who have an interest in the matters may also be 
present.
    The General Counsel of the Commission, or his designee, has 
certified that, in his opinion, one or more of the exemptions set forth 
in 5 U.S.C. 552b(c)(3), (5), (7), (9)(B), (10) and 17 CFR 
200.402(a)(3), (5), (7), (9)(ii), and (10) permit consideration of the 
scheduled matters at the Closed Meeting.
    Commissioner Campos, as duty officer, voted to consider the items 
listed for the closed meeting in closed session, determined that no 
earlier notice thereof was possible.
    The subject matter of the Open Meeting scheduled for Wednesday, 
July 12, 2006 will be:
    1. The Commission will consider whether to issue an interpretive 
release regarding client commission practices under section 28(e) of 
the Securities Exchange Act of 1934. The interpretive release is 
designed to provide guidance to securities industry participants on 
money managers' use of client commission dollars to pay for ``brokerage 
and research services'' under section 28(e). The interpretive release 
is subsequent to the Commission's issuance of proposed guidance and 
solicitation of public comment in Release No. 34-52635 (October 19, 
2005), File No. S7-09-05.
    2. The Commission will consider whether to propose amendments to 
Rule 203 of Regulation SHO under the Securities Exchange Act of 1934 to 
reduce the frequency that stock is not delivered after it is sold. The 
Commission also will consider whether to propose amendments to update 
the market decline limitation referenced in Rule 200(e)(3) of 
Regulation SHO.
    The subject matter of the Closed Meeting scheduled for Thursday, 
July 13, 2006 will be:

Formal orders of investigation;
Institution and settlement of injunctive actions;
Institution and settlement of administrative proceedings of an 
enforcement nature;
Litigation matter;
Resolution of litigation matters; and a Post-argument discussion.
    At times, changes in Commission priorities require alterations in 
the scheduling of meeting items.
    For further information and to ascertain what, if any, matters have 
been added, deleted or postponed, please contact: The Office of the 
Secretary at (202) 551-5400.

    Dated: July 6, 2006.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. 06-6148 Filed 7-7-06; 9:33 am]

BILLING CODE 8010-01-P
