[Federal Register Volume 63, Number 76 (Tuesday, April 21, 1998)]
[Proposed Rules]
[Page 19693]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-10417]
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SECURITIES AND EXCHANGE COMMISSION
17 CFR Part 240
[Release No. 34-39858; IC-23112; IA-1716; File No. S7-7-98]
RIN 3235-AH36
Reports to be Made by Certain Brokers and Dealers
AGENCY: Securities and Exchange Commission.
ACTION: Proposed rule; extension of comment period.
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SUMMARY: The Securities and Exchange Commission is extending the
comment period for a release proposing temporary rule amendments under
the Securities Exchange Act of 1934 (Release No. 34-39724) which was
published in the Federal Register on March 12, 1998 (63 FR 12056). The
comment period for Release Nos. 34-39724; IC-23059; IA-1704, is being
extended to April 27, 1998.
DATES: Comments should be received on or before April 27, 1998.
ADDRESSES: Comments should be submitted in triplicate to Jonathan G.
Katz, Secretary, Securities and Exchange Commission (``Commission''),
450 Fifth Street, N.W., Washington, D.C. 20549. Comments also may be
submitted electronically at the following E-mail address: rule-
[email protected]. Comment letters should refer to File No. S7-7-98;
this file number should be included on the subject line if E-mail is
used. All comments received 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: Michael A. Macchiaroli, Associate
Director, 202/942-0132; Lester Shapiro, Senior Accountant, 202/942-
0757; or Christopher M. Salter, Staff Attorney, 202/942-0148, Division
of Market Regulation, Securities and Exchange Commission, 450 Fifth
Street, N.W., Mail Stop 2-2, Washington, D.C. 20549.
SUPPLEMENTARY INFORMATION: On March 5, 1998, the Commission issued for
comment Release No. 34-39724; IC-23059; IA-1704 soliciting comment on
temporary rule amendments to Rule 17a-5 under the Securities Exchange
Act of 1934 that would require certain broker-dealers to file with the
Commission and their designated examining authority two reports
regarding Year 2000 compliance. The reports would enable the Commission
staff to report to Congress in 1998 and 1999 regarding the industry's
preparedness; supplement the Commission's examination module for Year
2000 issues; help the Commission coordinate self-regulatory
organizations on industry-wide testing, implementation, and contingency
planning; and help increase broker-dealer awareness that they should be
taking specific steps now to prepare for the Year 2000. Additionally,
the Commission issued an advisory notice on its books and records rules
relating to the Year 2000.
The Commission has recently received requests from interested
persons to extend the comment period for this release. The Commission
believes that extending the comment period is appropriate in order to
give the public additional time to comment on the matters the release
addresses. Therefore, the comment period is extended from April 13,
1998, to April 27, 1998.
Dated: April 14, 1998.
By the Commission.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 98-10417 Filed 4-20-98; 8:45 am]
BILLING CODE 8010-01-P