[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]


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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.

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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rescinded * * * to minimize any significant economic impact of the 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