Document ID: SEC-2009-1312-0001
Agency: sec
Document Type: Notice
Title: Sunshine Act Meeting
Posted Date: 2009-09-15T04:00Z

[Federal Register: September 15, 2009 (Volume 74, Number 177)]
[Notices]               
[Page 47300]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr15se09-141]                         

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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, Public Law 94-409, that the Securities 
and Exchange Commission will hold an Open Meeting on Thursday, 
September 17, 2009, at 2:30 p.m., in the Multipurpose Room, Room L-006.
    The subject matter of the Open Meeting will be:

1. Nationally Recognized Statistical Rating Organizations (``NRSROs'')

A. Final Rule Amendments and Proposed Rule Amendments under the Credit 
Rating Agency Reform Act of 2006

    The Commission will consider whether to adopt rules and propose 
other rules that impose additional disclosure and conflict of interest 
requirements on NRSROs in order to address concerns about the integrity 
of the credit rating procedures and methodologies.

B. References to Nationally Recognized Statistical Rating Organization 
Ratings in Commission Rules and Forms

    The Commission will consider whether to eliminate references to 
credit ratings by NRSROs from certain rules and forms, and whether to 
re-open the comment period to solicit further comment on elimination of 
additional NRSRO references.

C. Credit Ratings and Rating Shopping Disclosure

    The Commission will consider whether to propose amendments to 
Regulation S-K, and rules and forms under the Securities Act of 1933 
(``Securities Act''), the Securities Exchange Act of 1934 (``Exchange 
Act'') and the Investment Company Act of 1940 (``Investment Company 
Act'') to require disclosure regarding credit ratings that a registrant 
uses in connection with a registered offering.

D. Rule 436(g)

    The Commission will consider whether to issue a concept release and 
solicit comment on whether the Commission should propose to rescind 
Rule 436(g) under the Securities Act, in light of the disclosure 
regarding credit ratings being proposed in a companion release (see C 
above).

2. Flash Orders: Proposed Amendment to Rule 602 of Regulation NMS

    The Commission will consider a recommendation to propose an 
amendment to Rule 602 of Regulation NMS under the Exchange Act that 
would eliminate an exception for the use of flash orders, as well as 
other related issues. If adopted, the proposals would prohibit the 
practice of displaying marketable flash orders.
    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 10, 2009.
Elizabeth M. Murphy,
Secretary.
[FR Doc. E9-22194 Filed 9-11-09; 11:15 am]

BILLING CODE 8010-01-P