[Federal Register Volume 59, Number 7 (Tuesday, January 11, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-621]


[[Page Unknown]]

[Federal Register: January 11, 1994]


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SECURITIES AND EXCHANGE COMMISSION

17 CFR Parts 201, 202, 229, and 240

[Release No. 34-33429; File No. S7-40-92]
RIN 3235-AF91

 

Rules of Practice--Extension of Comment Period

AGENCY: Securities and Exchange Commission.

ACTION: Proposed rule; extension of comment period.

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SUMMARY: The Securities and Exchange Commission is extending from 
January 6, 1994 to February 4, 1994 the comment period for Securities 
Exchange Act Release No. 34-33163 (58 FR 61732 [Nov. 22, 1993]), which 
proposed comprehensive revisions to the Commission's Rules of Practice 
governing Commission administrative proceedings including, among 
others, evidentiary hearings before administrative law judges, appeals 
of self-regulatory organization disciplinary actions and administrative 
law judge initial decisions and certain rulemaking proceedings. Since 
publication of the rules, the Commission has received from interested 
persons a number of requests for extension of the comment period.

DATES: Comments must be submitted on or before February 4, 1994.

ADDRESSES: Comments should be addressed to File No. S7-40-92, 
Attention: Jonathan G. Katz, Secretary; U.S. Securities and Exchange 
Commission; 450 Fifth Street, NW.; Stop 6-9; Washington, DC 20549. All 
comments received will be available for public inspection and copying 
in the Commission's Public Reference Room 450 Fifth Street, NW., 
Washington, DC 20549.

FOR FURTHER INFORMATION CONTACT: Andrew Z. Glickman or Daniel O. 
Hirsch, Office of the General Counsel at (202) 272-2428; U.S. 
Securities and Exchange Commission; 450 Fifth Street, NW.; Stop 6-6; 
Washington, DC 20549.

SUPPLEMENTARY INFORMATION:

I. Introduction

    On November 5, 1993, the Commission authorized publication in the 
Federal Register of a proposal to make major amendments to the 
Commission's Rules of Practice. Published on November 22, 1993 (58 FR 
61732), this proposal stems from the work of the Commission's Task 
Force on Administrative Proceedings, chaired by Commissioner Mary 
Schapiro. In addition to updating the Commission's existing rules and 
make them more consistent with actual practices, the proposed revisions 
would establish procedures to implement the authority granted to the 
Commission by the Securities Enforcement Remedies and Penny Stock 
Reform Act. The Commission requested that comments the received by 
January 6, 1994.
    Since the publication of the Rules, the Commission has received 
from interested persons a number of requests for an extension of the 
comment period. On December 27, 1993, an Ad Hoc Committee of the 
American Bar Association that is preparing comments in response to the 
Commission's proposal sent a letter requesting that the comment period 
be extended from January 6, 1994 to February 1, 1994. The stated reason 
for this request is the ABA requires more time because of the breadth 
of the Commission's proposal and its accompanying commentary. Three 
other parties have contacted the Commission's Office of the General 
Counsel to request an extension of the comment period.

II. Discussion

    In light of the length and complexity of the release and the 
benefits to the Commission of receiving carefully considered comments, 
the Commission believes a reasonable extension of the comment period is 
appropriate. Therefore, in order to assist interested participants in 
their consideration and preparation of carefully reasoned comments, the 
Commission is extending the comment period for all persons to February 
4, 1994.

III. Conclusion

    The comment period for responding to Securities Exchange Act 
Release No. 34-33163 is extended to February 4, 1994.

    Dated: January 5, 1994.

    By the Commission.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 94-621 Filed 1-10-94; 8:45 am]
BILLING CODE 8010-01-M