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SEC Announces Meeting on Four Rules


Oct. 13, 2006 (SmartPros) The Securities and Exchange Commission said it will consider recommendations on four rules at an upcoming meeting.



Recommendations regarding Section 404 of the Sarbanes-Oxley Act, foreign private issuer deregistration, internet availability of proxy materials, and Securities Exchange Act Rule 14a-8 will be reviewed at an SEC open meeting on Dec. 13.

SEC Chairman Chris Cox said 404 guidance for management and foreign private issuer deregistration will be addressed before year-end. 

"At the same meeting, the Commission will consider a final rule for Internet proxy delivery, as well as proposals for revisions to a rule concerning shareholder proxy initiatives," said Cox. "This will permit discussion of how the Internet can advance the dissemination and exchange of information among shareholders and companies, and thereby improve the entire proxy process."

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