[Federal Register Volume 62, Number 144 (Monday, July 28, 1997)]
[Proposed Rules]
[Page 40316]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-19790]



[[Page 40316]]

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SECURITIES AND EXCHANGE COMMISSION

17 CFR Part 240

[Release No. 34-38860; International Series Release No. 1093; File No. 
S7-16-97]


Regulation of Exchanges

AGENCY: Securities and Exchange Commission.

ACTION: Extension of the comment period; concept release.

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SUMMARY: The Securities and Exchange Commission (``Commission'') is 
extending from September 2, 1997, to October 3, 1997, the comment 
period for Securities Exchange Act Release No. 38672 (May 23, 1997), 62 
FR 30485 (June 4, 1997). In this release, the Commission reevaluated 
its approach to, and sought public comment on, the regulation of 
exchanges and other markets in light of technological advances and the 
corresponding growth of alternative trading systems and cross-border 
trading opportunities.

DATES: Comments on the release should be submitted on or before October 
3, 1997.

ADDRESSES: Interested persons should submit three copies of their 
written data, views, and opinions to Jonathan G. Katz, Secretary, 
Securities and Exchange Commission, 450 Fifth Street, N.W., Washington, 
D.C. 20549. Comments may also be submitted electronically at the 
following e-mail address: [email protected]. All comment letters 
should refer to File No. S7-16-97; this file number should be included 
on the subject line if comments are submitted using e-mail. All 
submissions will be available for public inspection and copying at the 
Commission's Public Reference Room, Room 1024, 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).

SUPPLEMENTARY INFORMATION: On May 23, 1997, the Commission issued a 
concept release soliciting comment on its approach to the regulation of 
exchanges and other markets in light of technological advances and the 
corresponding growth of alternative trading systems and cross-border 
trading opportunities. 1 The Commission sought comments on a 
broad range of questions concerning the oversight of alternative 
trading systems, national securities exchanges, foreign market 
activities in the United States, and other related issues. The 
Commission requested that comments on the concept release be submitted 
by September 2, 1997.
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    \1\ Securities Exchange Act Release No. 38672 (May 23, 1997), 62 
FR 30485 (June 4, 1997).
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    Recently, the Commission has received requests from interested 
persons for an extension of time within which to comment on the concept 
release. In light of the range of issues raised in the concept release 
and the Commission's desire to consider the views of all interested 
persons on the subject, the Commission believes that an extension of 
the comment period is appropriate. Therefore, the comment period for 
responding to Securities Exchange Act Release No. 38672 is extended 
from September 2, 1997, to October 3, 1997.

    By the Commission.

    Dated: July 22, 1997.
Jonathan G. Katz,
Secretary.
[FR Doc. 97-19790 Filed 7-25-97; 8:45 am]
BILLING CODE 8010-01-P