ITEM 1: Listing Standards for Recovery of Erroneously Awarded Compensation

OFFICE: Division of Corporation Finance

STAFF: Renee Jones, Erik Gerding, Elizabeth Murphy, Lindsay McCord, Luna Bloom, Brian Galle, Steven Hearne, and Jessica Barberich.

The Commission will consider whether to adopt rules to implement of Section 10D of the Securities Exchange Act, as added by Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

For further information, please contact Steven Hearne in the Division of Corporation Finance at (202) 551-3430.

ITEM 2: Tailored Shareholder Reports for Mutual Funds and Exchange-Traded Funds; Fee Information in Investment Company Advertisements

OFFICE: Division of Investment Management

STAFF: William Birdthistle, Sarah ten Siethoff, Brian M. Johnson, Amanda Hollander Wagner, Zeena Abdul-Rahman, Mykaila DeLesDernier, Pamela K. Ellis, Alex Bradford, and Michael Kosoff.

The Commission will consider whether to adopt rule and form amendments that would require open-end management investment companies to transmit concise and visually engaging annual and semi-annual reports directly to shareholders that highlight key information for investors. The Commission also will consider whether to amend the advertising rules for registered investment companies and business development companies.

For further information, please contact Brian M. Johnson and Amanda Hollander Wagner, Division of Investment Management, at (202) 551-6792.

ITEM 3: Outsourcing by Investment Advisers

OFFICE: Division of Investment Management

STAFF: William Birdthistle, Sarah ten Siethoff, Melissa Harke, Jennifer R. Porter, Christopher Chase, Christian Corkery, and Mark Stewart

The Commission will consider whether to propose a new rule under the Investment Advisers Act of 1940 to establish minimum and consistent oversight requirements for registered investment advisers that outsource certain services or functions to service providers, and whether to propose amendments to related recordkeeping and Form ADV reporting requirements.

For further information, please contact Melissa Harke or Jennifer Porter, Division of Investment Management, at (202) 551-6792.