[Federal Register Volume 69, Number 26 (Monday, February 9, 2004)]
[Notices]
[Pages 6007-6008]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-2808]


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

SECURITIES AND EXCHANGE COMMISSION


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 February 9, 2004:
    An Open Meeting will be held on Wednesday, February 11, 2004 at 10 
a.m., in Room 1C30, the William O. Douglas Room, and Closed Meetings 
will be held on Wednesday, February 11, 2004 at 12:30 p.m. and 
Thursday, February 12, 2004 at 10 a.m.
    Commissioners, Counsel to the Commissioners, the Secretary to the 
Commission, and recording secretaries will attend the Closed Meetings. 
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), (9B), and (10) and 17 CFR 200.402(a) 
(3), (5), (7), (9ii), and (10), permit consideration of the scheduled 
matters at the Closed Meetings.
    Commissioner Goldschmid, as duty officer, voted to consider the 
items listed for the closed meetings in closed sessions.
    The subject matter of the Open Meeting scheduled for Wednesday, 
February 11, 2004 will be:
    1. The Commission will consider a recommendation to propose for 
public comment an amendment to rule12b-1 under the Investment Company 
Act of 1940. The recommended proposal would prohibit investment 
companies from paying for the distribution of their shares with their 
brokerage commissions. The Commission will also consider whether to ask 
for comment about the need for additional changes to rule 12b-1.
    For further information, please contact Hester Peirce at (202) 942-
0690.
    2. The Commission will consider whether to adopt amendments to 
Forms N-1A, N-2, N-3, and N-CSR, Articles 6 and 12 of Regulation S-X, 
and rules 30a-2, 30a-3, and 30d-1 under the Investment Company Act of 
1940, as well as new rule 30b1-5 under the Investment Company Act of 
1940 and new Form N-Q under the Investment Company Act of 1940 and the 
Securities Exchange Act of 1934. The amendments would (1) require a 
registered open-end management investment company to disclose in its 
reports to shareholders fund expenses borne by shareholders during the 
reporting period; (2) require a registered management investment 
company to file and certify a schedule of its complete portfolio 
holdings with the Commission on a quarterly basis; (3) permit a 
registered management investment company to include a summary portfolio 
schedule in reports to shareholders and exempt money

[[Page 6008]]

market funds from including a portfolio schedule in reports to 
shareholders, provided that the complete portfolio schedule is filed 
with the Commission and available to shareholders upon request; (4) 
require a registered management investment company to include a tabular 
or graphic presentation of a fund's portfolio holdings in its reports 
to shareholders; and (5) require a registered open-end management 
investment company to include Management's Discussion of Fund 
Performance in its annual report to shareholders.
    For further information, please contact Christopher Kaiser at (202) 
942-0724.
    3. The Commission will consider whether to propose amendments to 
Schedule 14A under the Securities Exchange Act of 1934, and to Forms N-
1A, N-2, and N-3 under the Securities Act of 1933 and the Investment 
Company Act of 1940. The proposals would require a registered 
management investment company to provide disclosure in its reports to 
shareholders regarding the basis for the board of directors' approval 
of an investment advisory contract. They would also enhance existing 
disclosure requirements in the registration statements of registered 
management investment companies and in proxy statements regarding the 
basis for the board's approval of, or recommendation that shareholders 
approve, an investment advisory contract.
    For further information, please contact Deborah D. Skeens at (202) 
942-0562.
    The subject matter of the Closed Meeting scheduled for Wednesday, 
February 11, 2004 will be:
    Post-argument discussion.
    The subject matters of the Closed Meeting scheduled for Thursday, 
February 12, 2004 will be:
    Formal orders of investigation;
    Institution and settlement of administrative proceedings of an 
enforcement nature;
    Institution and settlement of injunctive actions;
    Regulatory matters involving a financial institution; and
    Adjudicatory matter.
    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) 942-7070.

    Dated: February 4, 2004.
Jonathan G. Katz,
Secretary.
[FR Doc. 04-2808 Filed 2-5-04; 12:05 pm]
BILLING CODE 8010-01-U