Open Meeting Agenda
Wednesday, May 26, 2010

Agenda as of May 25, 2010. Note that Open Meeting agendas are subject to last-minute changes.

Item 1: Consolidated Audit Trail

The Commission will consider whether to propose new Rule 613 of Regulation NMS that would require national securities exchanges and national securities associations to act jointly in developing a national market system plan to create, implement, and maintain a consolidated audit trail that would capture customer and order event information, mostly in real time, for all orders in NMS securities, across all markets, from the time of order inception through routing, cancellation, modification, or execution.

For further information, please contact Rebekah Liu at (202) 551-5665; Jennifer Colihan at (202) 551-5642, or Leigh W. Duffy at (202) 551-5928.

Item 2: Amendment to Municipal Securities Disclosure

The Commission will consider a recommendation to adopt amendments to Rule 15c2-12 under the Securities Exchange Act of 1934, a rule pertaining to municipal securities disclosure. The Commission will also consider related interpretive guidance to assist brokers, dealers and municipal securities dealers in meeting their obligations under the antifraud provisions of the federal securities laws.

For further information, please contact Martha Haines at (202) 551-5681.