

[Federal Register: December 11, 2006 (Volume 71, Number 237)]
[Notices]               
[Page 71597]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr11de06-76]                         


[[Page 71597]]

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SECURITIES AND EXCHANGE COMMISSION

 
Sunshine Act Meeting Notice

    Notice is hereby given, pursuant to the provisions of the 
Government in the Sunshine Act, Pub. L. 94-409, that the Securities and 
Exchange Commission will hold the following meeting during the week of 
December 11, 2006:
    An Open Meeting will be held on Wednesday, December 13, 2006 at 10 
a.m. in Room L-002, the Auditorium.
    The subject matters of the Open Meeting scheduled for Wednesday, 
December 13, 2006, will be:

    1. The Commission will consider whether to propose, jointly with 
the Board of Governors of the Federal Reserve System, new rules 
under the Securities Exchange Act of 1934 (``Exchange Act'') to 
implement the Gramm-Leach-Bliley Act bank exceptions to the 
definition of ``broker.'' The Commission will also consider 
extending the temporary exemption of banks from the definition of 
``broker.'' In addition, the Commission will consider whether to 
propose additional related rules, including rules exempting banks 
from the definition of ``dealer'' under the Exchange Act.
    2. The Commission will consider whether to repropose a new rule 
that would enable a foreign private issuer meeting specified 
conditions to terminate permanently its Exchange Act registration 
and reporting obligations under Section 12(g) regarding a class of 
equity securities and its Section 15(d) reporting obligations 
regarding a class of equity or debt securities. The Commission will 
also consider whether to repropose a rule amendment that would apply 
the exemption from Exchange Act registration under Rule 12g3-2(b) to 
a class of equity securities immediately upon the effective date of 
the issuer's termination of registration and reporting obligations 
under the reproposed new exit rule.
    3. The Commission will consider whether to propose interpretive 
guidance to assist the management of an Exchange Act reporting 
company, other than an investment company registered under Section 8 
of the Investment Company Act of 1940, in planning and performing 
its annual evaluation of internal control over financial reporting. 
The Commission will also consider whether to propose amendments to 
Rules 13a-15 and 15d-15 under the Exchange Act that would make it 
clear that a company choosing to perform an evaluation of internal 
control in accordance with the interpretive guidance would satisfy 
the annual evaluation required by those rules.
    4. The Commission will consider whether to adopt amendments to 
the proxy rules under Section 14 of the Exchange Act. The amendments 
would provide an alternative for Internet-based disclosure. 
Companies conducting proxy solicitations could satisfy the Rule 14a-
3 requirement to furnish proxy materials by posting those proxy 
materials on an Internet Web site and providing shareholders with 
notice of the Internet availability of the materials. Other 
soliciting persons also would be permitted to follow the Internet 
alternative. The Commission also will consider whether to propose 
mandating Internet disclosure of proxy materials.
    5. The Commission will consider whether to propose a new 
antifraud rule under Section 206 of the Investment Advisers Act of 
1940. The Commission will also consider whether to propose a new 
rule under the Securities Act of 1933 to revise the criteria for 
natural persons to be considered ``accredited investors'' for 
purposes of investing in certain privately offered investment 
vehicles.
    6. The Commission will consider whether to re-open the comment 
period on proposed Rule 0-1(a)(7) under the Investment Company Act 
of 1940 to enhance the independence and effectiveness of investment 
company directors, and in connection therewith, to publish economic 
analyses of mutual fund governance and independence issues by the 
Office of Economic Analysis.

    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: December 6, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. 06-9638 Filed 12-7-06; 10:48 am]

BILLING CODE 8011-01-P
