SEC Open Meeting Agenda
|Item 1:||Disclosure of Costs and Expenses by Insurance Company Separate Accounts Registered as Unit Investment Trusts that Offer Variable Annuity and Variable Life Insurance Contracts|
Office: Division of Investment Management
Staff: Susan Nash, Paul Cellupica, Katy Mobedshahi
|Item 2:||Broker-Dealer Exemption from Sending Certain Financial Information to Customers|
Order Extending Broker-Dealer Exemption from Sending Financial Information to Customers
Office: Division of Market Regulation
Staff: Michael A. Macchiaroli, Thomas K. McGowan, Rose R. Wells
For further information, please contact Katy Mobedshahi at (202) 942-0721.
The Commission will consider whether to propose for comment an amendment to Securities Exchange Act of 1934 ("Exchange Act") Rule 17a-5(c) that would codify relief the Commission granted in a pilot program that exempted broker-dealers from the requirement of Exchange Act Section 17(e)(l)(B) and Rule 17a-5(c) thereunder to send their full balance sheet and certain net capital information to their customers twice a year. To take advantage of the exemption, a broker-dealer must send its customers the net capital information and must provide its customers instructions for obtaining its full balance sheet on its web site and by request to a toll-free telephone number. The Commission will also consider whether to extend interim relief for three months, to March 31, 2003. The Commission granted the relief as a two-year pilot program ending December 31, 2001 (Exchange Act Release No. 42222, December 10, 1999) and then extended the program for one year, to December 31, 2002 (Exchange Act Release No. 45179, December 20, 2001).
For further information, please contact Thomas K. McGown at (202) 942-4886.
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