[Federal Register Volume 70, Number 180 (Monday, September 19, 2005)]
[Notices]
[Page 54970]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-18665]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meeting

    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 meetings during the week of 
September 19, 2005:
    An Open Meeting will be held on Wednesday, September 21, 2005, at 
10 a.m. in Room L-002, the Auditorium, and a Closed Meeting will be 
held on Thursday, September 22, 2005 at 2 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), and (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 Glassman, as duty officer, voted to consider the items 
listed for the closed meeting in closed session.
    The subject matters of the Open Meeting scheduled for Wednesday, 
September 21, 2005 will be:
    1. The Commission will consider whether to extend the date by which 
companies that are not accelerated filers must comply with certain 
amendments to Rules 13a-15 and 15d-15 under the Securities Exchange Act 
of 1934, Items 308(a) and (b) of Regulations S-K and S-B, Item 15 of 
Form 20-F, and General Instruction B of Form 40-F. These amendments 
require companies, other than registered investment companies, to 
include in their annual reports a report of management and an 
accompanying auditor's report on the company's internal control over 
financial reporting. The amendments also require a company's management 
to evaluate as of the end of each fiscal period any change in the 
company's internal control over financial reporting that occurred 
during the period that has materially affected, or is reasonably likely 
to materially affect, the company's internal control over financial 
reporting. If approved, a company that is not an accelerated filer 
would have to comply with the internal control over financial reporting 
requirements for its first fiscal year ending on or after July 15, 
2007.
    For further information, please contact Sean Harrison, Special 
Counsel, Division of Corporation Finance, at (202) 551-3430.
    2. The Commission will consider whether to propose amendments to 
the ``accelerated filer'' definition in Rule 12b-2 of the Securities 
Exchange Act of 1934 to:
    a. Create a new category of accelerated filer that would include 
reporting companies with a public float of $700 million or more; and
    b. Ease some of the current restrictions on the exit of companies 
from accelerated filer status.
    The proposed amendments also would amend the final phase-in of the 
Form 10-K and Form 10-Q accelerated filing deadlines that is scheduled 
to take effect next year. Accelerated filers currently are scheduled to 
become subject to a 60-day filing deadline for their Form 10-K annual 
reports filed for fiscal years ending on or after December 15, 2005, 
and a 35-day deadline for the three subsequently filed quarterly 
reports on Form 10-Q.
    For further information, please contact Katherine Hsu, Special 
Counsel, Division of Corporation Finance, at (202) 551-3430.
    The subject matters of the Closed Meeting scheduled for Thursday, 
September 22, 2005, will be:
    Formal orders of investigations;
    Institution and settlement of injunctive actions; and
    Institution and settlement of administrative proceedings of an 
enforcement nature.
    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: September 14, 2005.
Jonathan G. Katz,
Secretary.
[FR Doc. 05-18665 Filed 9-15-05; 10:59 am]
BILLING CODE 8010-01-P