[Federal Register Volume 59, Number 186 (Tuesday, September 27, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-23988]
[[Page Unknown]]
[Federal Register: September 27, 1994]
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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
September 26, 1994.
An open meeting will be held on Tuesday, September 27, 1994, at
2:30 p.m., in Room 6059. A closed meeting will be held on Tuesday,
September 27, 1994, following the open meeting.
Commissioners, Counsel to the Commissioners, the Secretary to the
Commission, and recording secretaries will attend the closed meeting.
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) and 17 CFR 200.402(a)(4),
(8), (9)(i) and (10), permit consideration of the scheduled matters at
a closed meeting.
Commissioner Roberts, as duty officer, voted to consider the items
listed for the closed meeting in a closed session, and determined that
this was the earliest practicable time to provide notice of the open
meeting.
The subject matter of the open meeting scheduled for Tuesday,
September, 27, 1994, at 2:30 p.m., will be:
1. The Commission will consider whether to amend Rule 10b--10
and adopt Rule 11Acl-3 under the Securities Exchange Act of 1934
generally requiring disclosure by broker-dealers of the practice of
payment for order flow. In addition, the Commission will consider
whether to delegate the authority to grant exemptions from Rule
11Ac1-3 to the Director of the Division of Market Regulation. For
further information, please contact Jill W. Ostergaard at (202) 942-
0169.
2. The Commission will consider whether to issue a release
proposing and soliciting comment on rule 15c5-1. The rule would
prohibit a market maker in a NASDAQ/NMS security from trading for
its own account, directly or indirectly, at a price at which the
market maker could execute a customer limit order that it is
holding, without executing the customer limit order at such price or
a price more favorable to the customer, under the specific terms and
conditions by which the order is accepted by the market maker. There
are certain itemized exceptions to the rule as well as specific
provisions governing the type of orders and the class of persons
eligible for protection under the rule. For further information,
please contact Scott C. Kursman at (202) 942-0168.
The subject matter of the closed meeting scheduled for Tuesday,
September 27, 1994, following the open meeting will be:
Institution of administrative proceedings of an enforcement
nature.
Institution of injunctive actions.
Settlement of administrative proceedings of an enforcement
nature.
Settlement of injunctive actions.
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: September 23, 1994.
Jonathan G. Katz,
Secretary.
[FR Doc. 94-23988 Filed 9-23-94; 12:47 pm]
BILLING CODE 8010-01-M
