Sunshine Act Meetings

Citation85 FR 52166
Record Number2020-18612
Published date24 August 2020
SectionNotices
CourtSecurities And Exchange Commission
Federal Register, Volume 85 Issue 164 (Monday, August 24, 2020)
[Federal Register Volume 85, Number 164 (Monday, August 24, 2020)]
                [Notices]
                [Page 52166]
                From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
                [FR Doc No: 2020-18612]
                -----------------------------------------------------------------------
                SECURITIES AND EXCHANGE COMMISSION
                Sunshine Act Meetings
                TIME AND DATE: Notice is hereby given, pursuant to the provisions of
                the Government in the Sunshine Act, Public Law 94-409, the Securities
                and Exchange Commission will hold an Open Meeting on Wednesday, August
                26, 2020 at 10:00 a.m.
                PLACE: The meeting will be held via remote means and/or at the
                Commission's headquarters, 100 F Street NE, Washington, DC 20549.
                STATUS: This meeting will begin at 10:00 a.m. (ET) and will be open to
                the public via audio webcast only on the Commission's website at
                www.sec.gov.
                MATTERS TO BE CONSIDERED: The subject matter of the open meeting will
                be the Commission's broader efforts to (1) modernize and improve the
                Commission's disclosure framework in light of the changes in our
                capital markets and domestic and global economy, and (2) simplify,
                harmonize, and improve the exempt offering framework under the
                Securities Act to promote capital formation and expand investment
                opportunities while maintaining and enhancing appropriate investor
                protections. The specific matters to be considered are:
                 (1) Whether to adopt amendments to modernize the description of
                business, legal proceedings, and risk factor disclosures that
                registrants are required to make pursuant to Regulation S-K. These
                disclosure items, which have not undergone significant revisions in
                over 30 years, would be updated to account for developments since the
                rules' adoption or last revision, to improve disclosure for investors,
                and to simplify compliance for registrants. Specifically, the
                amendments are intended to improve the readability of disclosure
                documents, as well as discourage repetition and the disclosure of
                information that is not material.
                 (2) whether to adopt amendments to the definition of ``accredited
                investor'' in Commission rules and the definition of ``qualified
                institutional buyer'' in Rule 144A under the Securities Act to update
                and improve the definition to identify more effectively investors that
                have sufficient financial sophistication to participate in certain
                private investment opportunities. The amendments are the product of
                years of efforts by the Commission and its staff to consider and
                analyze possible approaches to revising the accredited investor
                definition.
                CONTACT PERSON FOR MORE INFORMATION: For further information and to
                ascertain what, if any, matters have been added, deleted or postponed,
                please contact Vanessa A. Countryman, Office of the Secretary, at (202)
                551-5400.
                 Dated: August 19, 2020.
                Eduardo A. Aleman,
                Deputy Secretary.
                [FR Doc. 2020-18612 Filed 8-20-20; 11:15 am]
                BILLING CODE 8011-01-P
                

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