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SEC Open Meeting Agenda
Thursday, September 11, 2003, 10:00 a.m.
Agenda as of the morning of September 10, 2003. Note that Open Meeting agendas are subject to last-minute changes.
Item 1: |
Custody of Funds or Securities of Clients by Investment Advisers
Office: Division of Investment Management
Staff: Robert E. Plaze, Jennifer L. Sawin, Jamey Basham, Vivien Liu
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Item 2: |
Foreign Bank Exemption from the Insider Lending Prohibition of Securities Exchange Act of 1934 Section 13(k)
Office: Division of Corporation Finance
Staff: Paul Dudek, Elliot B. Staffin
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Item 3: |
Additional Form F-6 Eligibility Requirement Related to the Listed Status of Deposited Securities Underlying American Depositary Receipts
Office: Division of Corporation Finance
Staff: Paul Dudek, Michael Coco
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Item 1: The Commission will consider whether to adopt amendments to rule 206(4)-2, the custody rule under the Investment Advisers Act of 1940, to enhance the protections afforded to advisory clients' assets, harmonize the rule with current custodial practices, and clarify circumstances under which advisers have custody of client assets.
For further information, please contact Vivien Liu, Division of Investment Management, at (202) 942-0664.
Item 2: The Commission will consider whether to propose a rule to exempt qualified foreign banks from the insider lending prohibition of Securities Exchange Act of 1934 Section 13(k), as added by Section 402 of the Sarbanes-Oxley Act. The proposed rule would exempt foreign banks that meet specified criteria similar to those that qualify domestic banks for the exemption under Section 13(k). The Commission will also consider whether to propose an amendment to Form 20-F that would require a foreign bank issuer to provide the same disclosure regarding problematic loans to insiders as that required for domestic banks under Regulation S-K.
For further information contact Elliot Staffin, Division of Corporation Finance, at (202) 942-2990.
Item 3: The Commission will also consider whether to propose an amendment to Form F-6 that would add an eligibility requirement making the form unavailable to register under the Securities Act of 1933 depositary shares evidenced by American depositary receipts if the foreign issuer has separately listed the deposited securities on a registered national securities exchange or automated inter-dealer quotation system of a national securities association.
For further information please contact Michael Coco, Division of Corporation Finance, at (202) 942-2990.
http://www.sec.gov/news/openmeetings/agenda091003.htm
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