[Federal Register Volume 61, Number 156 (Monday, August 12, 1996)]
[Notices]
[Page 41816]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-20457]


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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-37528; File No. SR-NASD-95-61]


Self-Regulatory Organizations; National Association of Securities 
Dealers, Inc.; Notice of Extension of Public Comment Period for 
Proposed Rule Change

August 5, 1996.
    On December 22, 1995,\1\ the National Association of Securities 
Dealers, Inc. (``NASD'' or ``Association'') filed a proposed rule 
change with the Securities and Exchange Commission (``SEC'' or 
``Commission''). The NASD proposes to amend NASD Rules 2820 and 2830 to 
revise existing rules applicable to the sale of investment company 
securities and establish new rules applicable to the sale of variable 
contracts.
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    \1\ On June 14, 1996, the NASD filed Amendment No. 1 with the 
Commission. Amendment No. 1 addresses the relationship of the 
proposed rule change to industry initiatives concerning compensation 
practices, expands the scope of the proposed rule change to govern 
all sales targets, whether or not previously specified and replaces 
the term ``variable contract securities'' with the term ``variable 
contract.'' See Letter from John M. Ramsay, Deputy General Counsel, 
NASD to Katherine A. England, Assistant Director, Division of Market 
Regulation, SEC (June 14, 1996).
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    Notice of the proposed rule change was provided by the issuance of 
a Commission release (Securities Exchange Act Release No. 37374, June 
26, 1996) and by publication in the Federal Register (61 FR 35822, July 
8, 1996).
    The Commission has been requested to extend the time period for 
public comment on the proposed rule change.\2\ The Commission hereby 
extends the period for public comment on the proposed rule change until 
August 19, 1996.

    \2\ By letter dated August 5, 1996 the NASD has consented to an 
extension of the comment period. See letter from John M. Ramsay, 
Deputy General Counsel, NASD Regulation, Inc. to Katherine A. 
England, Assistant Director, Division of Market Regulation, 
Commission.
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    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\3\
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    \3\ 17 CFR 200.30-3(a)(12).
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Jonathan G. Katz,
Secretary.
[FR Doc. 96-20457 Filed 8-9-96; 8:45 am]
BILLING CODE 8010-01-M