[Federal Register Volume 76, Number 180 (Friday, September 16, 2011)]
[Notices]
[Pages 57769-57770]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-23731]
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SECURITIES AND EXCHANGE COMMISSION
[Release Nos. 33-9258; 34-65322; File No. 265-27]
Advisory Committee on Small and Emerging Companies
AGENCY: Securities and Exchange Commission.
ACTION: Notice of Federal Advisory Committee Establishment.
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SUMMARY: The Securities and Exchange Commission intends to establish
the Securities and Exchange Commission Advisory Committee on Small and
Emerging Companies.
ADDRESSES: Written comments may be submitted by the following methods:
Electronic Comments
Use the Commission's Internet submission form (http://www.sec.gov/rules/other.shtml); or
Send an e-mail message to rule-comments@sec.gov, including
File No. X-XXX on the subject line.
Paper Comments
Send paper comments in triplicate to Elizabeth M. Murphy,
Secretary, Securities and Exchange Commission, 100 F Street, NE.,
Washington, DC 20549-1090.
All submissions should refer to File No. 265-27. To help us process and
review your comments more efficiently, please use only one method. The
Commission will post all comments on the Commission's Internet Web site
(http://www.sec.gov/rules/other.shtml). Comments also will be available
for Web site viewing and printing in the Commission's Public Reference
Room, 100 F Street, NE., Washington, DC 20549, on official business
days between the hours of 10 a.m. and 3 p.m. All comments received will
be posted without change; we do not edit personal identifying
information from your submissions. You should submit only information
that you wish to make available publicly.
FOR FURTHER INFORMATION CONTACT: Johanna V. Losert, Special Counsel, or
Gerald J. Laporte, Office Chief, Office of
[[Page 57770]]
Small Business Policy, Securities and Exchange Commission, 100 F
Street, NE., Washington DC 20549-3628, (202) 551-3460.
SUPPLEMENTARY INFORMATION: In accordance with the requirements of the
Federal Advisory Committee Act, 5 U.S.C.--App., the Commission is
publishing this notice that the Chairman of the Commission, with the
concurrence of the other Commissioners, intends to establish the
Securities and Exchange Commission Advisory Committee on Small and
Emerging Companies (the ``Committee''). The Committee's objective is to
provide the Commission with advice on its rules, regulations, and
policies, with regard to its mission of protecting investors,
maintaining fair, orderly, and efficient markets, and facilitating
capital formation, as they relate to the following:
(1) Capital raising by emerging privately-held small businesses
(``emerging companies'') and publicly traded companies with less than
$250 million in public market capitalization (``smaller public
companies'') through securities offerings, including private and
limited offerings and initial and other public offerings;
(2) Trading in the securities of emerging companies and smaller
public companies; and
(3) Public reporting and corporate governance requirements of
emerging companies and smaller public companies.
Up to 20 voting members will be appointed to the Committee who can
effectively represent those directly affected by, interested in, and/or
qualified to provide advice to the Commission on its rules,
regulations, and policies as set forth above. The Committee's
membership will be balanced fairly in terms of points of view
represented and functions to be performed. Non-voting observers for the
committee from the North American Securities Administrators Association
and the Small Business Administration may also be named.
The Committee may be established 15 days after publication of this
notice in the Federal Register by filing a charter for the Committee
with the Committee on Banking, Housing, and Urban Affairs of the United
States Senate and the Committee on Financial Services of the United
States House of Representatives. A copy of the charter as so filed also
will be filed with the Chairman of the Commission, furnished to the
Library of Congress, and posted on the Commission's Web site at http://www.sec.gov. An undated copy of the charter is now available at http://www.faca.gov.
The Committee will operate for two years from the date it is
established or such earlier date as determined by the Commission
unless, before the expiration of that time period, its charter is re-
established or renewed in accordance with the Federal Advisory
Committee Act.
The Committee will meet at such intervals as are necessary to carry
out its functions. The charter contemplates that the full Committee
will meet three times annually. Meetings of subgroups or subcommittees
of the full Committee may occur more frequently.
The charter will provide that the duties of the Committee are to be
solely advisory. The Commission alone will make any determinations of
action to be taken and policy to be expressed with respect to matters
within the Commission's authority as to which the Committee provides
advice or makes recommendations. The Chairman of the Commission affirms
that the establishment of the Committee is necessary and in the public
interest.
By the Commission.
Dated: September 12, 2011.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011-23731 Filed 9-15-11; 8:45 am]
BILLING CODE 8011-01-P