[Federal Register Volume 60, Number 142 (Tuesday, July 25, 1995)]
[Sunshine Act Meetings]
[Pages 38078-38079]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-18336]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Agency 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
July 24, 1995.
An open meeting will be held on Thursday, July 27, 1995, at 10:00
a.m. A closed meeting will be held on Thursday, July 27, 1995,
following the 10 a.m. open meeting.
Commissioners, Counsel to the Commissioners, the Secretary to the
Commission, and recording secretaries will attend the closed meetings.
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)(4), (8), (9)(A) and (10)
[[Page 38079]]
and 17 CFR 200.402(a)(4), (8), (9)(i) and (10), permit consideration of
the scheduled matters at the closed meeting.
Commissioner Wallman, as duty officer, voted to consider the items
listed for the closed meeting in a closed session.
The subject matters of the open meeting scheduled for Thursday,
July 27, 1995, at 10 a.m., will be:
1. Consideration of whether to propose for public comment
amendments to rule 17f-5 under the Investment Company Act of 1940,
the rule that governs the custody of investment company assets
outside the United States. The amendments would revise the findings
that currently must be made in establishing foreign custody
arrangements to focus exclusively on the safekeeping of investment
company assets, permit a company's board of directors to delegate
its responsibilities under the rule to evaluate these arrangements,
and expand the class of foreign banks and securities depositories
that could serve as investment company custodians.
2. Consideration of whether to publish for public comment
revised proposed rule 3a-4 and proposed Form N-3a4, both under the
Investment Company Act of 1940. Revised proposed rule 3a-4 would
provide a nonexclusive safe harbor from the definition of investment
company for certain programs under which investment advisory
services are provided to clients (``investment advisory programs'').
Proposed Form N-3a4 would be filed with the Commission by sponsors
of investment advisory programs intending to rely on rule 3a-4.
Additionally, the Commission is considering requesting comment
regarding the application of certain provisions of the Investment
Advisers Act of 1940 to investment advisers participating in
investment advisory programs.
The subject matter of the closed meeting scheduled for Thursday,
July 27, 1995, after the 10:00 open meeting, will be:
Institution of injunctive actions.
Settlement of injunctive action.
Institution of administrative proceedings of an enforcement
nature.
Settlement of administrative proceedings of an enforcement
nature.
Formal orders of investigation.
Opinion.
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 (202) 942-7070.
Dated: July 21, 1995.
[FR Doc. 95-18336 Filed 7-21-95; 3:12 pm]
BILLING CODE 8010-01-M
