
[Federal Register: June 9, 2009 (Volume 74, Number 109)]
[Notices]
[Page 27359-27360]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr09jn09-146]

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SECURITIES AND EXCHANGE COMMISSION

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


Investor Advisory Committee

AGENCY: Securities and Exchange Commission.

ACTION: Notice of Federal Advisory Committee Establishment.

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

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

Electronic Comments

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

Paper Comments

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

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

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

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

[[Page 27360]]

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

    By the Commission.

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

BILLING CODE 8010-01-P
