[Federal Register Volume 61, Number 28 (Friday, February 9, 1996)]
[Proposed Rules]
[Pages 4944-4945]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-2863]



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DEPARTMENT OF THE TREASURY

Office of the Under Secretary for Domestic Finance

17 CFR Parts 400 and 420

RIN 1505-AA53


Government Securities Act Regulations: Large Position Rules

AGENCY: Office of the Under Secretary for Domestic Finance, Treasury.

ACTION: Notice of extension of time for submission of comments.

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SUMMARY: This document extends until March 18, 1996, the deadline for 
the submission of comments on the notice of proposed rulemaking 
addressing large position recordkeeping and reporting requirements for 
certain Treasury 

[[Page 4945]]
securities. The proposed rule was published in the Federal Register on 
December 18, 1995 (60 FR 65214) and comments were to be received on or 
before February 16, 1996.

DATES: Comments must be submitted on or before March 18, 1996.

ADDRESSES: Comments should be sent to: Government Securities 
Regulations Staff, Bureau of the Public Debt, Department of the 
Treasury, Room 515, 999 E Street NW., Washington, DC 20239-0001. 
Comments received will be available for public inspection and copying 
at the Treasury Department Library, Room 5030, Main Treasury Building, 
1500 Pennsylvania Avenue NW., Washington, DC 20220.

FOR FURTHER INFORMATION CONTACT:
Ken Papaj (Director) or Don Hammond (Assistant Director) at 202-219-
3632.

SUPPLEMENTARY INFORMATION: The Government Securities Act Amendments of 
1993 granted Treasury the authority to prescribe large position 
recordkeeping and reporting rules for certain Treasury securities. A 
proposed rule was published December 18, 1995, that would require 
persons holding, maintaining or controlling large positions in to-be-
issued or recently-issued Treasury securities to keep records and file 
reports, in response to a request from Treasury, of such large 
positions.
    The Department has received a request for a 30 day extension of the 
comment period from a trade association representing approximately 300 
government securities brokers and dealers (Public Securities 
Association, PSA). The PSA has requested the extension to permit the 
association additional time to resolve technical questions and solicit 
comments from its Primary Dealers Committee, Government Operations 
Committee, Funding Division and legal and compliance staffs. Given the 
limited additional time requested and a desire to provide market 
participants and other interested parties ample time to develop 
constructive comments, the Department agrees to extend the comment 
period until Monday, March 18, 1996.

    Dated: February 6, 1996.
Darcy Bradbury,
Assistant Secretary, Financial Markets.
[FR Doc. 96-2863 Filed 2-8-96; 8:45 am]
BILLING CODE 4810-39-M