[Federal Register Volume 63, Number 101 (Wednesday, May 27, 1998)]
[Notices]
[Pages 29050-29051]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-13955]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-40005; File No. SR-NASD-98-18]


Self-Regulatory Organizations; National Association of Securities 
Dealers, Inc.; Notice of Extension of Comment Period for Proposal 
Relating to Qualified Immunity in Arbitration Proceedings for 
Statements Made on Forms U-4 and U-5

May 19, 1998.
    On April 21, 1998, the NASD Regulations, Inc. (``NASD Regulation'') 
filed a proposed rule change with the Securities and Exchange 
Commission (``SEC'' or ``Commission'') pursuant to Section 19(b)(1) of 
the Securities Exchange Act of 1934.\1\ NASD Regulation proposes to 
provide members of the NASD with qualified immunity in arbitration 
proceedings for statements made in good faith in certain disclosures 
filed with the NASD on Forms U-4 and U-5, the uniform registration and 
termination notices for registered persons.
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    \1\ 15 U.S.C. 78s(b)(1).
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    Notice of the proposed rule change was provided by the issuance of 
Securities Exchange Act Release No. 39892 (April 21, 1998) and by 
publication in the Federal Register on April 28, 1998 (63 FR 23321). 
The Commission has received requests for an extension of time for 
public comment

[[Page 29051]]

on the proposed rule change.\2\ The Commission hereby extends the 
period for public comment on the proposed rule change until June 19, 
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1998.

    \2\ By letter dated May 15, 1998 NASD Regulation has consented 
to an extension of the comment period. See letter from Jean I. 
Feeney, NASD Regulation, Inc., to Katherine A. England, Assistant 
Director, Division of Market Regulation, Commission.
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    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\3\
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    \3\ 17 CFR 200.30-3)a)(12).
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[FR Doc. 98-13955 Filed 5-26-98; 8:45 am]
BILLING CODE 8010-01-M