[Federal Register Volume 61, Number 182 (Wednesday, September 18, 1996)]
[Notices]
[Page 49184]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-23901]


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SECURITIES AND EXCHANGE COMMISSION
[Release Nos. 33-7329; 34-37672, International Series Release No. 1018, 
File No. S7-19-96]
RIN 3235-AG83


Securities Act Concepts and Their Effects on Capital Formation

AGENCY: Securities and Exchange Commission.

ACTION: Extension of comment period.

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SUMMARY: The expiration date of the comment period with respect to the 
Commission's concept release on Securities Act reform, Release No. 33-
7314 (61 FR 40044), is extended from September 30, 1996 to October 31, 
1996.

DATES: Comments should be received on or before October 31, 1996.

ADDRESSES: Comments should be submitted in triplicate to Jonathan G. 
Katz, Secretary, U.S. Securities and Exchange Commission, 450 Fifth 
Street, N.W., Stop 6-9, Washington, D.C., 20549. Comments also may be 
submitted electronically to the following electronic mail address: 
[email protected]. All comment letters should refer to File No. S7-
19-96; this file number should be included in the subject line if 
electronic mail is used. Comment letters will be available for public 
inspection and copying at the Commission's Public Reference Room, 450 
Fifth Street, N.W., Washington, D.C. 20549. Electronically submitted 
comment letters will be posted on the Commission's Internet Web site 
(http://www.sec.gov).

FOR FURTHER INFORMATION CONTACT: Anita Klein, Office of Chief Counsel, 
Division of Corporation Finance, (202) 942-2900.

SUPPLEMENTARY INFORMATION: On July 25, 1996, the Commission issued a 
concept release (Release No. 33-7314 [61 FR 40044]) to solicit public 
comment on the best means of improving the regulation of the capital 
formation process while maintaining or enhancing investor protection. 
The Commission is engaged in a broad reexamination of the regulatory 
framework for the offer and sale of securities under the Securities Act 
of 1933. Comment was solicited on a number of possible approaches to 
improving the registration process. Among them are: the recommendation 
of the Advisory Committee on the Capital Formation and Regulatory 
Processes to implement a ``company registration'' approach; 
modifications to the existing shelf registration system (many of which 
were recommended by the Commission's Task Force on Disclosure 
Simplification); reforms that would liberalize the treatment of 
unregistered securities; and an approach that would involve 
deregulation of offers. The comment period with respect to the concept 
release was scheduled to end on September 30, 1996. In order to provide 
additional time for commenters to consider the issues discussed in the 
concept release, the Commission has extended the comment period on the 
concept release until October 31, 1996.

    Dated: September 12, 1996.

    By the Commission.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 96-23901 Filed 9-17-96; 8:45 am]
BILLING CODE 8010-01-P