[Federal Register Volume 61, Number 42 (Friday, March 1, 1996)]
[Notices]
[Page 8092]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-4741]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release Nos. 33-7266; 34-36881; File No. 265-20]
Advisory Committee on the Capital Formation and Regulatory
Processes; Renewal
AGENCY: Securities and Exchange Commission.
ACTION: Notice of the Renewal of the Securities and Exchange Commission
Advisory Committee on the Capital Formation and Regulatory Processes.
-----------------------------------------------------------------------
SUMMARY: The Chairman of the Commission, with the concurrence of the
other member of the Commission, has renewed the Securities and Exchange
Commission Advisory Committee on the Capital Formation and Regulatory
Processes (``Committee''), which will advise the Commission regarding
the informational needs of investors and the regulatory costs imposed
on the U.S. securities markets.
ADDRESSES: Written comments should be submitted in triplicate and
should refer to File No. 265-20. Comments should be submitted to
Jonathan G. Katz, Secretary, Securities and Exchange Commission, 450
Fifth Street, NW., Washington, DC 20549.
FOR FURTHER INFORMATION CONTACT:
Meridith Mitchell, Assistant General Counsel, Office of the General
Counsel, at 202-942-0890; Securities and Exchange Commission, 450 Fifth
Street, NW., Washington, DC 20549.
SUPPLEMENTARY INFORMATION: In accordance with the requirements of the
Federal Advisory Committee Act, 5 U.S.C. App., the Securities and
Exchange Commission has directed publication of this notice that
Chairman Arthur Levitt, with the concurrence of the other member of the
Commission, has renewed the ``Securities and Exchange Commission
Advisory Committee on the Capital Formation and Regulatory Processes.''
Chairman Levitt certifies that he has determined that the renewal of
the Committee is necessary and in the public interest.
The Committee's charter directs the Committee to assist the
Commission in evaluating the efficiency and effectiveness of the
regulatory process and the disclose requirements relating to public
offerings of securities, secondary market trading and corporate
reporting, and in identifying and developing means to minimize costs
imposed by current regulatory programs, from the perspective of
investors, issuers, the various market participants, and other
interested persons and regulatory authorities.
The Committee members are able to represent the varied interests
affected by the range of issues being considered. The Committee's
membership includes, among others, persons who represent investors,
issuers, market participants, independent public accountants,
regulators and the public at large. The Committee's members are able to
represent a variety of viewpoints and have varying experience, and the
Committee is fairly balanced in terms of points of view, backgrounds
and tasks. The Chairman of the Committee is Commissioner Steven M.H.
Wallman.
The Committee will conduct its operations in accordance with the
provisions of the Federal Advisory Committee Act. The duties of the
Committee are solely advisory. Determinations of action to be taken and
policy to be expressed with respect to matters upon which the Advisory
Committee provides advice or recommendations shall be made solely by
the Commission.
The Committee will meet at such intervals as are necessary to carry
out its functions. It is expected that meetings of the full Committee
generally will occur no more frequently than 5 times; meetings of
subgroups of the full Advisory Committee will likely occur more
frequently. The Securities and Exchange Commission will provide
necessary support services to the Committee.
The Committee will terminate on September 30, 1996 unless, prior to
such time, its charter is renewed for a further period 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.
Concurrent with publication of this notice in the Federal Register,
a copy of the charter of the Committee will be filed with the Chairman
of the Commission, the Senate Committee on Banking, Housing, and Urban
Affairs and the House Committee on Commerce. A copy of the charter will
also be furnished to the Library of Congress and placed in the
Commission's Public Reference Room for public inspection.
Dated: February 23, 1996.
By the Commission.
Jonathan G. Katz,
Secretary.
[FR Doc. 96-4741 Filed 2-29-96; 8:45 am]
BILLING CODE 8010-01-M
