The SEC plans to have an open meeting on November 19, 2008, to consider two regulatory and administrative proposals.

The proposals include rule amendments that would:

• Impose additional requirements on nationally recognized statistical rating organizations (NRSROs) to address concerns about the integrity of their credit rating procedures and methodologies; and
• Improve mutual fund disclosure by providing investors with a summary prospectus containing key information in plain English in a clear and concise format, and by enhancing the availability on the Internet of more detailed information to investors. The SEC will also consider adopting related amendments to Form N 1A, including amendments that address exchange-traded funds (ETFs).

The proposed amendments are detailed in a series of releases the SEC issued during the summer.