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Statement At Open Meeting On A Universal Proxy System And Exemptions To Facilitate Intrastate And Regional Securities Offerings, SEC Chair Mary Jo White, Oct. 26, 2016

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Good morning.  This is an open meeting of the U.S. Securities and Exchange Commission on October 26, 2016, under the Government in the Sunshine Act.  Today, the Commission will consider two recommendations from the Division of Corporation Finance.  First, the Commission will consider a recommendation to propose changes to our proxy rules to require the use of universal proxy cards in contested director elections.  Second, the Commission will consider recommendations for final rules to further facilitate companies’ access to capital through intrastate and regional securities offerings, with accompanying investor protections provided by state and federal law.

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