Code of Federal Regulations · Section
§ 200.405 — Special Procedure For Determination To Close Meeting
17 C.F.R. § 200.405
(a) Finding. Based, in part, on a review of several months of its meetings, as well as the legislative history of the Sunshine Act, the Commission finds that a majority of its meetings may properly be closed to the public pursuant to § 200.402(a) (4), (8), (9)(i), or (10), or any combination thereof.
(b) Action to close meeting. The Commission may, by recorded vote of a majority of its members at the commencement of any meeting or portion thereof, determine to close any meeting or a portion thereof properly subject to being closed pursuant to § 200.402(a) (4), (8), (9)(i), or (10), or any combination thereof. The procedure described in this rule may be utilized notwithstanding the fact that a meeting or portion thereof properly subject to being closed pursuant to § 200.402(a) (4), (8), (9)(i), or (10), or any combination thereof, could also be closed pursuant to § 200.402(a) (1), (2), (3), (5), (6), (7), or (9)(ii), or any combination thereof.
(c) Announcement of action to close meeting. In the case of a meeting or a portion of a meeting closed pursuant to this rule, as soon as practicable the Commission shall make publicly available:
(1) A written record reflecting the vote of each participating member of the Commission to close the meeting; and
(2) The certification described in § 200.406, executed by the Commission's General Counsel.
Authorizing Statute
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Applicability of other sections of this title11 U.S.C. § 901
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Securities and Exchange Commission15 U.S.C. § 78d
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Classes of securities under this subchapter15 U.S.C. § 77c
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Federal agency responsibilities44 U.S.C. § 3506
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Nondiscrimination under Federal grants and programs29 U.S.C. § 794