SEC Announces Agenda and List of Participants for Regulation FD Roundtable
FOR IMMEDIATE RELEASE
Washington, D.C., April 12, 2001 As previously announced, Acting Chairman Laura S. Unger is moderating a public roundtable discussion on Regulation FD (Fair Disclosure) on Tuesday, April 24, 2001.
In August 2000, the Commission adopted Regulation FD to curb the practice of selective disclosure of material nonpublic information. The regulation became effective in October 2000. Issuers, analysts, investors and regulators have operated under the FD disclosure regime for approximately six months.
Acting Chairman Unger noted: "At the time we adopted Regulation FD, the Commission made a commitment to monitor closely the rule's impact on information flow. At the April 24th roundtable, the Commission will honor that commitment by discussing the initial experiences of issuers, analysts and investors with the rule. I expect a vigorous and enlightening dialogue that will provide us with a first hand look at how Regulation FD has impacted disclosure and changed the information landscape."
The roundtable will convene at the Alexander Hamilton U.S. Customs House Auditorium, One Bowling Green, New York, New York, on April 24, from 10 a.m. to 4:30 p.m. The public is invited to observe the discussion on a first-come, first-serve basis. The facility accommodates seating for approximately 300. Interested parties can also access the roundtable via audio web cast through the Commission's website at www.sec.gov. A full agenda and list of participants for the roundtable follows.
Regulation FD: How is it Working?April 24, 2001, 10:00 a.m. - 4:30 p.m
Alexander Hamilton U.S. Customs House Auditorium
Moderator: Acting Chairman Laura S. Unger
Morning Session (10:00 a.m.-12:30 p.m.)
Introductory Remarks by Acting Chairman Unger, Commissioner Hunt and Commissioner Carey (10:00-10:15 a.m.)
I. Adjusting to the Regulation FD Disclosure Regime:
A. The Issuer Perspective (10:15-11:30 a.m.)
B. The Information Disseminator and Media Perspective
Lunch Break (12:30-1:30 p.m.)
Afternoon Session (1:30-4:30 p.m.)
II. The Information Landscape Post-Regulation FD: Effect on the Quality and Quantity of Issuer Disclosure
A. The Securities Analyst's Perspective (1:30-2:45 p.m.)
B. The Investor's Perspective (2:45-4:00 p.m.)
III. Observations of the Securities Bar (4:00-4:30 p.m.)