[Federal Register Volume 61, Number 14 (Monday, January 22, 1996)]
[Proposed Rules]
[Page 1545]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-735]



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SECURITIES AND EXCHANGE COMMISSION

17 CFR Part 240

[Release No. 34-36718; File No. S7-30-95]
RIN 3235-AG66


Order Execution Obligations

AGENCY: Securities and Exchange Commission.

ACTION: Extension of the comment period.

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SUMMARY: The Securities and Exchange Commission (``Commission'') is 
extending from January 16, 1996, until January 26, 1996, the comment 
period for Securities Exchange Act Release No. 36310 (September 29, 
1995), 60 FR 52792 (October 10, 1995). In the release, the Commission 
proposed two rules and amendments to a rule in order to improve the 
handling and execution of customer orders.

DATES: Comments on the release should be submitted on or before January 
26, 1996.

ADDRESSES: Comments should be submitted in triplicate to Jonathan G. 
Katz, Secretary, Securities and Exchange Commission, 450 Fifth Street, 
N.W., Washington, D.C. 20549, and should refer to File No. S7-30-95. 
All submissions will be made available for public inspection and 
copying at the Commission's Public Reference Room, Room 1024, 450 Fifth 
Street, N.W., Washington, D.C. 20549.

FOR FURTHER INFORMATION CONTACT: David Oestreicher, Attorney, (202) 
942-0173, Division of Market Regulation, Securities and Exchange 
Commission, 450 Fifth Street, N.W., Washington, D.C. 20549.

SUPPLEMENTARY INFORMATION: On September 29, 1995, the Commission 
proposed two rules and amendments to a rule to improve the handling and 
execution of customer orders.1 The Commission proposals were 
intended to improve the opportunity of investors to obtain the best 
execution possible for their orders. At the same time, the proposals 
were designed to preserve the benefits of a competitive market 
structure that has greatly enhanced market liquidity, transparency and 
efficiency. The Commission requested that comments on the proposed 
rulemaking be received by January 16, 1996.

    \1\ Securities Exchange Act Release No. 36310 (September 29, 
1995), 60 FR 52792 (October 10, 1995).
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    Recently, Commission staff has received many requests from 
interested persons for an extension of time within which to comment on 
the proposed rulemaking. In addition, a major snowstorm altered the 
schedules of many places of business in the northeastern portion of the 
United States last week.
    In light of the substantial nature of the proposed rulemaking, and 
the Commission's desire to consider the views of all interested persons 
on the subject, the Commission believes that an extension of the 
comment period is appropriate. Therefore, the comment period for 
responding to Securities Exchange Act Release No. 36310 is extended 
from January 16, 1996, until January 26, 1996.

    By the Commission.

    Dated: January 16, 1996.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 96-735 Filed 1-17-96; 3:35 pm]
BILLING CODE 8010-01-P