[Federal Register Volume 61, Number 225 (Wednesday, November 20, 1996)]
[Notices]
[Page 59089]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-29651]


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COMMODITY FUTURES TRADING COMMISSION


Petition of the Philadelphia Stock Exchange, Inc. for Exemptive 
Relief To Permit United States Customers To Establish or Offset 
Positions in Certain Foreign Currency Options on the Hong Kong Futures 
Exchange Ltd. Through Registered Broker-Dealers

AGENCY: Commodity Futures Trading Commission.

ACTION: Extension of Comment Period.

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SUMMARY: On October 2, 1996, the Commodity Futures Trading Commission 
(``Commission'') issued a notice of proposed order and request for 
comment on the Philadelphia Stock Exchange, Inc.'s petition for 
exemptive relief to permit United States customers to establish or 
offset positions in certain foreign currency options on the Hong Kong 
Futures Exchange Ltd. through registered broker-dealers, 61 FR 52921 
(October 9, 1996). The original period for comment was thirty days, 
with the deadline for the submission of comments November 8, 1996. By 
letter dated November 8, 1996, the Chicago Mercantile Exchange, the 
Chicago Board of Trade and the Futures Industry Association have 
requested a thirty-day extension of the comment period. The Commission 
has determined to extend the comment period to December 11, 1996.

DATES: Written comments must be received on or before December 11, 
1996.

ADDRESSES: Comments should be submitted to Jean A. Webb, Secretary of 
the Commission, Commodity Futures Trading Commission, 1155 21st Street, 
NW., Washington, D.C. 20581. In addition, comments may be sent by 
facsimile transmission to facsimile number (202) 418-5521, or by 
electronic mail to [email protected].

FOR FURTHER INFORMATION CONTACT:
Susan C. Ervin, Deputy Director/Chief Counsel, or Christopher W. 
Cummings, Attorney/Advisor, Division of Trading and Markets, Commodity 
Futures Trading Commission, 1155 21st Street, N.W., Washington, D.C. 
20581. Telephone number: (202) 418-5450. Facsimile number: (202) 418-
5536. Electronic mail: [email protected].

SUPPLEMENTARY INFORMATION: On October 2, 1996, the Commission issued a 
request for comment on the petition of the Philadelphia Stock Exchange, 
Inc. (``PHLX'') for exemptive relief to permit United States customers 
to establish or offset positions in certain foreign currency options on 
the Hong Kong Futures Exchange Ltd. through registered broker-dealers. 
On November 8, 1996, the Chicago Mercantile Exchange, the Chicago Board 
of Trade and the Futures Industry Association filed a written request 
for a thirty-day extension of the comment period. The extension request 
was based on the signatories' belief that additional time was necessary 
to fully evaluate the merits of the PHLX's petition in light of 
important policy questions.
    The Commission has determined to extend the period for public 
comment on the PHLX's petition to December 11, 1996.

    Issued in Washington, DC., on November 13, 1996, by the 
Commission.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 96-29651 Filed 11-19-96; 8:45 am]
BILLING CODE 6351-01-M