Document ID: SEC-2007-0715-0001
Agency: sec
Document Type: Notice
Title: Meetings: Sunshine Act
Posted Date: 2007-05-21T04:00Z

[Federal Register: May 21, 2007 (Volume 72, Number 97)]
[Notices]               
[Page 28528-28529]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr21my07-82]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Sunshine Act Meetings

    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 
May 21, 2007:
    Open Meetings will be held on Wednesday, May 23, 2007 at 9 a.m., 
Thursday, May 24, 2007 at 9 a.m. and Friday, May 25, 2007 at 9 a.m., in 
the Auditorium, Room L-002. A Closed Meeting will be held on Thursday, 
May 24, 2007 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), (4), (5), (7), (8), (9)(B), and (10) and 17 CFR 
200.402(a)(3), (4), (5), (7), (8), 9(ii) and (10), permit consideration 
of the scheduled matters at the Closed Meeting.
    Commissioner Atkins, as duty officer, voted to consider the items 
listed for the closed meeting in closed session.
    The subject matter of the Open Meeting scheduled for Wednesday, May 
23, 2007 at 9 a.m. will be:
    1. The Commission will consider whether to adopt interpretive 
guidance for management regarding its evaluation and assessment of 
internal control over financial reporting. The Commission will also 
consider whether to adopt amendments to Exchange Act Rules 13a-15(c) 
and 15d-15(c) that would make it clear that an evaluation that complies 
with the Commission's interpretive guidance would satisfy the annual 
management evaluation required by those rules. In addition, the 
Commission will consider whether to adopt amendments to Rules 1-
02(a)(2) and 2-02(f) of Regulation S-X to require the expression of a 
single opinion directly on the effectiveness of internal control over 
financial reporting by the auditor in its attestation report. Finally, 
the Commission will consider whether to adopt amendments to Exchange 
Act Rule 12b-2 and Rule 1-02 of Regulation S-X to define certain terms.
    2. The Commission will consider a number of rule proposals 
addressing the registration and disclosure requirements for smaller 
companies, as well as private offerings of securities, including 
whether:
     To propose amendments to increase the number of companies 
eligible for the scaled disclosure and reporting requirements for 
smaller reporting companies;
     To propose amendments to expand the eligibility 
requirements of Form S-3 and Form F-3 to permit registration of primary 
offerings by companies with a public float of less than $75 million, 
subject to restrictions on the amount of securities sold in any one-
year period;
     To propose exemptions from the registration requirements 
of the Securities Exchange Act of 1934 for grants of compensatory 
employee stock options by non-reporting companies;
     To propose a new Regulation D exemption for offers and 
sales of securities to a newly defined subset of ``accredited 
investors,'' as well as to propose revisions to the Regulation D

[[Page 28529]]

definition of ``accredited investor,'' disqualification provisions, and 
integration safe harbor and to provide interpretive guidance regarding 
integration;
     To propose revisions to Form D and mandate electronic 
filing of Form D; and
     To propose amendments to Rule 144 to revise the holding 
period for the resale of restricted securities, simplify compliance for 
non-affiliates, revise the Form 144 filing thresholds, and codify 
certain staff interpretations, as well as to propose amendments to Rule 
145.
    3. The Commission will consider whether to adopt rules to implement 
provisions of the Credit Rating Agency Reform Act of 2006.
    The subject matter of the Open Meeting scheduled for Thursday, May 
24, 2007 at 9 a.m. will be:
    The Commission will hold a roundtable discussion regarding proxy 
voting mechanics.
    The subject matter of the Closed Meeting scheduled for Thursday, 
May 24, 2007 at 2 p.m. will be.
    Formal orders of investigations;
    Institution and settlement of injunctive actions;
    Institution and settlement of administrative proceedings of an 
enforcement nature;
    Resolution of litigation claims;
    Regulatory matter regarding a financial institution; and
    Other matters related to enforcement proceedings.
    The subject matter of the Open Meeting scheduled for Friday, May 
25, 2007 at 9 a.m. will be:
    The Commission will hold a roundtable discussion regarding 
proposals of shareholders.
    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: May 16, 2007.
Nancy M. Morris,
Secretary.
 [FR Doc. E7-9743 Filed 5-18-07; 8:45 am]

BILLING CODE 8010-01-P