[Federal Register Volume 59, Number 18 (Thursday, January 27, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-1673]
[[Page Unknown]]
[Federal Register: January 27, 1994]
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SECURITIES AND EXCHANGE COMMISSION
[File No. 265-19]
Securities Exchange Act Release No. 34-33496
SUBJECT: Consumer Affairs Advisory Committee.
AGENCY: Securities and Exchange Commission.
ACTION: Notice of establishment of the Consumer Affairs Advisory
Committee.
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SUMMARY: The Chairman of the Commission, with the concurrence of the
other members of the Commission, has established a Consumer Affairs
Advisory Committee to advise the Commission on the interests and
concerns of individual investors in the U.S. securities markets.
DATES: January 21, 1994.
FOR FURTHER INFORMATION CONTACT:
Jonathan G. Katz, Secretary, 202/272-2600.
SUPPLEMENTARY INFORMATION: In accordance with the Federal Advisory
Committee Act, 5 U.S.C. App., the Securities and Exchange Commission
(``Commission'') has directed publication of this notice that Chairman
Arthur Levitt, with the concurrence of the other members of the
Commission, has established the Consumer Affairs Advisory Committee.
Chairman Levitt certifies that the creation of the Committee is
necessary and in the public interest.
The Committee's charter directs the Committee: (1) To advise the
Commission regarding the interests and concerns of individual consumers
and investors who participate, directly or indirectly, in the U.S.
securities markets, and (2) to advise the Commission on how the
Commission's existing and proposed rules and programs could be improved
to provide better disclosure and protection to such individual
consumers and investors.
To achieve the Committee's goals, members will be appointed that
can represent effectively the interests of individual investors with
respect to a range of issues. The Committee's membership may include,
among others, individuals representing consumer or investor
organizations, securities market participants, securities market
professionals, regulatory entities and the public at large. The
Commission expects that the Committee's members will represent a
variety of viewpoints and have varying experience and that the
Committee will be fairly balanced in terms of points of view,
backgrounds and tasks.
The Committee will conduct its operations in accordance with the
Federal Advisory Committee Act. The duties of the Committee shall be
solely advisory. Determinations of action to be taken and policy to be
expressed with respect to matters upon which the Committee provides
advice will be made solely by the Commission.
The Committee will meet at such intervals as are necessary to carry
out its functions. It is estimated the meetings of the full Committee
will occur approximately six times each year.
The Commission will provide necessary support services to the
Committee.
The Committee will terminate two years after its establishment
unless, prior to that time, its charter is renewed in accordance with
the Federal Advisory Committee Act, or unless the Chairman, with the
concurrence of the other members of the Commission, determines that
continuance of the Committee is no longer in the public interest.
Fifteen days after publication of this notice in the Federal
Register, the Commission will file a copy of the Committee's charter
with the Chairman of the Commission, the Senate Committee on Banking,
Housing and Urban Affairs, and the House Committee on Energy and
Commerce. The Commission will also furnish a copy of the charter to the
Library of Congress and place a copy in the Commission's Public
Reference Room.
By the Commission.
Jonathan G. Katz,
Secretary.
[FR Doc. 94-1673 Filed 1-26-94; 8:45 am]
BILLING CODE 8010-01-M
