[Federal Register Volume 61, Number 54 (Tuesday, March 19, 1996)]
[Notices]
[Page 11233]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-6762]
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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 open meeting during the
week of March 18, 1996.
An open meeting will be held on Thursday, March 21, 1996, at 10:00
a.m., in Room 1C30.
The subject matter of the open meeting scheduled for Thursday,
March 21, 1996, at 10:00 a.m., will be:
(1) The Commission will consider whether to adopt amendments to
rule 2a-7, the rule under which money market funds are regulated
under the Investment Company Act of 1940, and related rules and
forms. The amendments are intended to tighten the risk limiting
conditions of rule 2a-7, particularly as they apply to tax exempt
funds, and to provide investors in those funds with protections
similar to those provided to taxable money market fund investors.
The amendments would revise the diversification and credit quality
conditions which tax exempt money market funds are required to meet,
and make limited changes to the rule for taxable money market funds.
The Commission will also consider a new rule under the Investment
Company Act--rule 17a-9--which would permit certain affiliated
transactions involving money market funds. For further information,
contact Martha Platt at (202) 942-0725.
(2) The Commission will consider whether to propose for public
comment amendments to rule 10f-3, and new rule 17a-10, both under
the Investment Company Act of 1940. The proposed amendments to rule
10f-3 would address the various conditions of the rule. The proposed
amendments would broaden the scope of the rule, for example, by
permitting funds that are subject to the rule to purchase securities
of foreign issuers sold in offerings not registered under the
Securities Act of 1933, subject to certain conditions. Proposed rule
17a-10 would provide an exemption from section 17(a)(1) of the
Investment Company Act for certain transactions that would be
permitted by the proposed amendments to rule 10f-3. For further
information, contact David M. Goldenberg at (202) 942-4525.
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) 942-7070.
Dated: March 15, 1996.
Jonathan G. Katz,
Secretary.
[FR Doc. 96-6762 Filed 3-15-96; 3:50 pm]
BILLING CODE 8010-01-M
