[Federal Register Volume 62, Number 54 (Thursday, March 20, 1997)]
[Proposed Rules]
[Page 13356]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-7051]
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SECURITIES AND EXCHANGE COMMISSION
17 CFR Parts 230, 240, 270, and 275
[Release Nos. 33-7404, 34-38401, IC-22566, and IA-1619; File No. S7-4-
97]
RIN 3235-AG62; 3235-AH01
Definitions of ``Small Business'' or ``Small Organization'' Under
the Investment Company Act of 1940, the Investment Advisers Act of
1940, the Securities Exchange Act of 1934, and the Securities Act of
1933
AGENCY: Securities and Exchange Commission.
ACTION: Proposed rule amendments; extension of the comment period.
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SUMMARY: The Securities and Exchange Commission (''Commission'') is
extending from February 27 to April 30, 1997, the comment period for
proposed amendments to certain definitions of ``small business'' and
``small organization'' that are used for purposes of the Regulatory
Flexibility Act in connection with Commission rulemaking under the
Investment Company Act of 1940, the Investment Advisers Act of 1940,
the Securities Exchange Act of 1934, and the Securities Act of 1933
regarding regulatory requirements applicable to investment companies,
investment advisers, exchanges, securities information processors,
transfer agents and issuers, and broker-dealers. The proposed
amendments were published in the Federal Register on January 28, 1997
(62 FR 4106).
DATES: Comments should be received on or before April 30, 1997.
ADDRESSES: Comments should be submitted in triplicate to Jonathan G.
Katz, Secretary, U.S. Securities and Exchange Commission, Mail Stop 6-
9, 450 Fifth Street, N.W., Washington D.C. 20549. Comments also may be
submitted electronically at the following E-mail address: rule-
[email protected]. All comment letters should refer to File Number S7-4-
97. This file number should be included on the subject line if E-mail
is used. Comment letters will be available for public inspection and
copying in the 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:
General
Penelope W. Saltzman, Special Counsel, at (202-942-0915), or Anne
H. Sullivan, Senior Counsel, at (202-942-0954), Office of the General
Counsel, Securities and Exchange Commission, 450 Fifth Street, N.W.,
Mail Stop 6-6, Washington, D.C. 20549. Offices with Particular
Responsibility:
Thomas M.J. Kerwin, Senior Counsel, Division of Investment
Management, (definitions applicable to investment companies and
investment advisers) (202-942-0690).
Glenn J. Jessee, Special Counsel, Office of the Chief Counsel,
Division of Market Regulation (definitions applicable to exchanges,
transfer agents and issuers, securities information processors, and
broker-dealers) (202-942-0073).
SUPPLEMENTARY INFORMATION:
On January 22, 1997, the Commission proposed amendments to the
definitions of ``small business'' and ``small organization'' set forth
in Rule 0-10 [17 CFR 270.0-10] under the Investment Company Act of 1940
[15 U.S.C. Sec. 80a-1], Rule 0-7 [17 CFR 275.0-7] under the Investment
Advisers Act of 1940 [15 U.S.C. Sec. 80b-1], Rule 0-10 [17 CFR 240.0-
10] under the Securities Exchange Act of 1934 [15 U.S.C. Sec. 78a], and
Rule 157 [17 CFR 230.157] under the Securities Act of 1933 [15 U.S.C.
Sec. 77a]. These definitions are used specifically for purposes of the
Regulatory Flexibility Act, Pub. L. No. 96-354, 94 Stat. 1164 (1980),
as amended, Pub. L. No. 104-121, Title II, Subtitle D, 110 Stat. 864
(1996).
The Commission originally requested that comments on the proposed
rulemaking be received by February 27, 1997. The Commission believes
that an extension is appropriate in order to give the public additional
time to comment on the proposed amendments. Therefore, the comment
period for responding to Investment Company Act Release No. 22478,
Investment Advisers Act Release No. 1609, Securities Act Release No.
7383, and Securities Exchange Act Release No. 38190, is extended from
February 27, 1997 to April 30, 1997.
Dated: March 14, 1997.
By the Commission.
Jonathan G. Katz,
Secretary.
[FR Doc. 97-7051 Filed 3-19-97; 8:45 am]
BILLING CODE 8010-01-P