[Federal Register: September 19, 2005 (Volume 70, Number 180)]
[Notices]
[Page 54970]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr19se05-122]
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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 meetings during the week of
September 19, 2005:
An Open Meeting will be held on Wednesday, September 21, 2005, at
10 a.m. in Room L-002, the Auditorium, and a Closed Meeting will be
held on Thursday, September 22, 2005 at 2 p.m.
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)(3), (5), (7), (9)(B), and (10) and 17 CFR
200.402(a)(3), (5), (7), 9(ii) and (10) permit consideration of the
scheduled matters at the Closed Meeting.
Commissioner Glassman, as duty officer, voted to consider the items
listed for the closed meeting in closed session.
The subject matters of the Open Meeting scheduled for Wednesday,
September 21, 2005 will be:
1. The Commission will consider whether to extend the date by which
companies that are not accelerated filers must comply with certain
amendments to Rules 13a-15 and 15d-15 under the Securities Exchange Act
of 1934, Items 308(a) and (b) of Regulations S-K and S-B, Item 15 of
Form 20-F, and General Instruction B of Form 40-F. These amendments
require companies, other than registered investment companies, to
include in their annual reports a report of management and an
accompanying auditor's report on the company's internal control over
financial reporting. The amendments also require a company's management
to evaluate as of the end of each fiscal period any change in the
company's internal control over financial reporting that occurred
during the period that has materially affected, or is reasonably likely
to materially affect, the company's internal control over financial
reporting. If approved, a company that is not an accelerated filer
would have to comply with the internal control over financial reporting
requirements for its first fiscal year ending on or after July 15,
2007.
For further information, please contact Sean Harrison, Special
Counsel, Division of Corporation Finance, at (202) 551-3430.
2. The Commission will consider whether to propose amendments to
the ``accelerated filer'' definition in Rule 12b-2 of the Securities
Exchange Act of 1934 to:
a. Create a new category of accelerated filer that would include
reporting companies with a public float of $700 million or more; and
b. Ease some of the current restrictions on the exit of companies
from accelerated filer status.
The proposed amendments also would amend the final phase-in of the
Form 10-K and Form 10-Q accelerated filing deadlines that is scheduled
to take effect next year. Accelerated filers currently are scheduled to
become subject to a 60-day filing deadline for their Form 10-K annual
reports filed for fiscal years ending on or after December 15, 2005,
and a 35-day deadline for the three subsequently filed quarterly
reports on Form 10-Q.
For further information, please contact Katherine Hsu, Special
Counsel, Division of Corporation Finance, at (202) 551-3430.
The subject matters of the Closed Meeting scheduled for Thursday,
September 22, 2005, will be:
Formal orders of investigations;
Institution and settlement of injunctive actions; and
Institution and settlement of administrative proceedings of an
enforcement nature.
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) 551-5400.
Dated: September 14, 2005.
Jonathan G. Katz,
Secretary.
[FR Doc. 05-18665 Filed 9-15-05; 10:59 am]
BILLING CODE 8010-01-P