[Federal Register Volume 59, Number 231 (Friday, December 2, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-29638]
[[Page Unknown]]
[Federal Register: December 2, 1994]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
17 CFR Chapter II
[Release Nos. 33-7112, 34-35008, 35-26172, 39-2325, IC-20734, IA-1455;
File No. S7-33-94]
List of Rules To Be Reviewed Pursuant to the Regulatory
Flexibility Act
AGENCY: Securities and Exchange Commission.
ACTION: Publication of list of rules scheduled for review.
-----------------------------------------------------------------------
SUMMARY: The Securities and Exchange Commission is today publishing a
list of rules to be reviewed pursuant to Section 610 of the Regulatory
Flexibility Act. The list is published to provide the public with
notice that these rules are scheduled for review by the agency and to
invite public comment on them.
DATES: Public comments are due by January 31, 1995.
ADDRESSES: Persons wishing to submit written comments should file three
copies with Jonathan G. Katz, Secretary, Securities and Exchange
Commission, 450 Fifth Street, N.W., Room 6184, Stop 6-9, Washington,
D.C. 20549. All submissions should refer to File No. S7-33-94, and will
be available for public inspection and copying at the Commission's
Public Reference Room, Room 1026, at the same address.
FOR FURTHER INFORMATION CONTACT: Kevin M. Kirchoff, Office of the
General Counsel, Securities and Exchange Commission 202-942-0882.
SUPPLEMENTARY INFORMATION: The Regulatory Flexibility Act (``RFA'')
(Pub. L. No. 96-354, 94 Stat. 1165 (September 19, 1980)) requires that
each agency review every ten years each of its rules that has a
significant economic impact upon a substantial number of small
entities. The purpose of the review is ``to determine whether such
rules should be continued without change, or should be amended or
rescinded * * * to minimize any significant economic impact of the
rules upon a substantial number of such small entities'' (5 USC
610(a)).
The RFA stipulates the following specific considerations that must
be addressed in the review of each rule: (1) The continued need for the
rule; (2) the nature of complaints or comments received concerning the
rule from the public; (3) the complexity of the rule; (4) the extent to
which the rule overlaps, duplicates or conflicts with other Federal
rules, and, to the extent feasible, with State and local governmental
rules; and (5) the length of time since the rule has been evaluated or
the degree to which technology, economic conditions, or other factors
have changed in the area affected by the rule (5 USC 610(c)).
Pursuant to the RFA, the rules and forms listed below are scheduled
for review by staff of the Commission during the next twelve months:
Title: Form N-SAR (semi-annual report of registered investment
companies).
Citation: 17 CFR 274.101.
Authority: 15 USC 78m; 78o(d); 78w(a); 80a-8; 80a-29; 80a-29; 80a-
37.
Title: Rule 3a-5 (exemption for subsidiaries organized to finance
the operations of domestic or foreign companies).
Citation: 17 CFR 270.3a-5.
Authority: 15 USC 80a-6(c); 80a-37(a).
Title: Rule 12d3-1 (exemption of acquisitions of securities issued
by persons engaged in securities related businesses).
Citation: 17 CFR 270.12d3-1.
Authority: 15 USC 80a-6(c); 80a-37(a).
Title: Rule 3a12-7 (exemption for certain derivative securities
traded otherwise than on a national securities exchange).
Citation: 17 CFR 270.3a12-7.
Authority: 15 USC 78c(a)(12), 78o(a)(2) and 78w(a).
Title: Rule 3a12-8 (exemption for designated foreign government
securities for purposes of futures trading).
Citation: 17 CFR 270.3a12-8.
Authority: 15 USC 78c(a)(12) and 78w(a).
Title: Rule 11d1-2 (exemption for certain investment company
securities held by broker-dealers as collateral in margin accounts).
Citation: 17 CFR 240.11d1-2.
Authority: 15 USC 78b, 78c, 78k, and 78w.
Title: Rule 17Ad-14 (tender agents).
Citation: 17 CFR 240.17Ad-14.
Authority: 15 USC 78b, 78k-1(a)(1)(B), 78n(d)(4), 78o(c)(3),
78o(c)(6), 78q-1(a), 78q-1(d)(1), and 78w(a).
Title: Article 2 of Regulation S-X (qualifications and reports of
accountants).
Citation: 17 CFR 210.2.
Authority: 15 USC 77f, 77g; 77s(a); 77aa(25) to (26); 78l; 78m;
78o(d), 78w(a); 79e(b); 79n; 79t(a); 80a-8; 80a-29.
The Commission invites public comment on both the list and the
rules to be reviewed.
Dated: November 28, 1994.
By the Commission.
Jonathan G. Katz,
Secretary.
[FR Doc. 94-29638 Filed 12-1-94; 8:45 am]
BILLING CODE 8010-01-M