[Federal Register Volume 64, Number 172 (Tuesday, September 7, 1999)]
[Notices]
[Page 48682]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-23105]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release 34-41805; File No. 600-23]


Self-Regulatory Organizations; Government Securities Clearing 
Corporation; Notice and Order Extending Temporary Registration as a 
Clearing Agency

August 27, 1999.
    Notice is hereby given that the securities and Exchange Commission 
(``Commission'') pursuant to Section 19(a) of the Securities Exchange 
Act of 1934 (``Act'') \1\ is extending the Government Securities 
Clearing Corporation's (``GSCC'') temporary registration as a clearing 
agency through January 14, 2000.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(a).

FOR FURTHER INFORMATION CONTACT: Jerry W. Carpenter, Assistant 
Director, or Jeffrey S. Mooney, Special Counsel, at 202/942-4187, 
Division of Market Regulation, Securities and Exchange Commission, 450 
Fifth Street, NW, Washington, DC 20549-1001.

Background

    On May 24, 1988, pursuant to Sections 17A(b) and 19(a) of the Act 
\2\ and Rule 17Ab2-1 promulgated thereunder,\3\ the Commission granted 
GSCC registration as a clearing agency on a temporary basis for a 
period of three years.\4\ The Commission subsequently has extended 
GSCC's registration through August 31, 1999.\5\
---------------------------------------------------------------------------

    \2\ 15 U.S.C. 78q-1(b) and 78s(a).
    \3\ 17 CFR 240.17Ab2-1.
    \4\ Securities Exchange Act Release No. 25740 (May 24, 1988), 53 
FR 19639.
    \5\ Securities Exchange Act Release Nos. 29067 (April 11, 1991), 
56 FR 15652; 32385 (June 3, 1993), 58 FR 32405; 35787 (May 31, 
1995), 60 FR 30324; 36508 (November 27, 1995), 60 FR 61719; 37983 
(November 25, 1996), 61 FR 64183; 38698 (May 30, 1997), 62 FR 30911; 
39696 (February 24, 1998), 63 FR 10253; and 41104 (February 24, 
1999), 64 FR 10510.
---------------------------------------------------------------------------

    In the most recent extension of GSCC's temporary registration, the 
Commission stated that it planned in the near future to seek comment on 
granting GSCC permanent registration as a clearing agency. The 
extension of GSCC's temporary registration will enable the Commission 
to do so within the next few months.
    It is therefore ordered that GSCC's temporary registration as a 
clearing agency (File No. 600-23) be and hereby is extended through 
January 14, 2000, subject to the terms set forth above.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\6\
---------------------------------------------------------------------------

    \6\ 17 CFR 200.30-3(a)(16).
---------------------------------------------------------------------------

Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 99-23105 Filed 9-3-99; 8:45 am]
BILLING CODE 8010-01-M