
[Federal Register: July 19, 2010 (Volume 75, Number 137)]
[Notices]               
[Page 41908]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr19jy10-122]                         

-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

 
Sunshine Act Meeting

    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 an Open Meeting on July 21, 2010 at 
10 a.m., in the Auditorium, Room L-002.
    The subject matters of the Open Meeting will be:
    Item 1: The Commission will consider a recommendation to propose 
for public comment a new rule and rule and form amendments under the 
Investment Company Act of 1940, the Securities Act of 1933, and the 
Securities Exchange Act of 1934, to reform the regulation of 
distribution fees paid by registered open-end management investment 
companies (``funds''). The recommended proposal would provide a new 
framework for how funds currently use their assets to pay for sales and 
distribution expenses pursuant to rule 12b-1 under the Investment 
Company Act, and would revise disclosure requirements for transaction 
confirmations pursuant to rule 10b-10 under the Securities Exchange 
Act.
    Item 2: The Commission will consider whether to adopt amendments to 
Part 2 of Form ADV and related rules under the Investment Advisers Act 
of 1940. The amendments would require investment advisers to provide 
clients with narrative brochures containing plain English descriptions 
of the advisers' businesses, services, and conflicts of interest. The 
amendments also would require advisers to electronically file their 
brochures with the Commission and the brochures would be available to 
the public through the Commission's Web site.
    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 14, 2010.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2010-17599 Filed 7-15-10; 11:15 am]
BILLING CODE 8010-01-P

