[Federal Register Volume 66, Number 127 (Monday, July 2, 2001)]
[Proposed Rules]
[Page 34864]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-16501]


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COMMODITY FUTURES TRADING COMMISSION

17 CFR Part 41

RIN 3038-AB77

SECURITIES AND EXCHANGE COMMISSION

17 CFR Part 240

[Release No. 34-44475; File No. S7-11-01]
RIN 3235-AI13


Method for Determining Market Capitalization and Dollar Value of 
Average Daily Trading Volume; Application of the Definition of Narrow-
Based Security Index

AGENCIES: Commodity Futures Trading Commission and Securities and 
Exchange Commission.

ACTION: Proposed rule; reopening and extension of comment period.

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SUMMARY: The Commodity Futures Trading Commission (``CFTC'') and 
Securities and Exchange Commission (``SEC'') (collectively the 
``Commissions'') are extending the comment period for proposed Subparts 
A and B of Part 41 of the CFTC's regulations under the Commodity 
Exchange Act (``CEA'') and SEC Rules 3a55-1 through 3a55-3 under the 
Securities Exchange Act of 1934 (``Exchange Act''), contained in 
Release No. 34-44288 (May 10, 2001), 66 FR 27560 (May 17, 2001). The 
original comment period ended on June 18, 2001. The new deadline for 
submitting public comments is July 11, 2001.

DATES: Public comments are due on or before July 11, 2001.

ADDRESSES: Comments should be sent to both agencies at the addresses 
listed below.
    CFTC: Comments should be sent to the Commodity Futures Trading 
Commission, Three Lafayette Centre, 1155 21st Street, N.W., Washington, 
DC 20581, Attention: Office of the Secretariat. Comments may be sent by 
facsimile transmission to (202) 418-5521, or by e-mail to 
[email protected]. Reference should be made to ``Narrow-Based Security 
Indexes.''
    SEC: Please send three copies of your comment letter to Jonathan G. 
Katz, Secretary, Securities and Exchange Commission, 450 5th Street, 
NW., Washington, DC 20549-0609. Comments can also be sent 
electronically to the following e-mail address: [email protected]. 
Your comment letter should refer to File No. S7-11-01. If e-mail is 
used, include this file number on the subject line. Anyone can inspect 
and copy the comment letters in the Commission's Public Reference Room 
at 450 5th Street, NW., Washington, DC 20549-0102. Electronically 
submitted comments will be posted on the Commission's Internet web site 
(http://www.sec.gov). The SEC does not edit personal identifying 
information, such as names or e-mail addresses, from electronic 
submissions. Submit only the information you wish to make publicly 
available.

FOR FURTHER INFORMATION CONTACT:   
    CFTC: Elizabeth L.R. Fox, Acting Deputy General Counsel; Richard A. 
Shilts, Acting Director; or Thomas M. Leahy, Jr., Financial Instruments 
Unit Chief, Division of Economic Analysis, Commodity Futures Trading 
Commission, Three Lafayette Centre, 1155 21st Street, N.W., Washington, 
DC 20581. Telephone: (202) 418-5000. E-mail: ([email protected]), 
([email protected]), or (TLeahy @cftc.gov).
    SEC: Nancy J. Sanow, Assistant Director, at (202) 942-0771; Ira L. 
Brandriss, Special Counsel, at (202) 942-0148, or Sapna C. Patel, 
Attorney, at (202) 942-0166, Office of Market Supervision, Division of 
Market Regulation, Securities and Exchange Commission, 450 Fifth 
Street, NW., Washington, DC 20549-1001.

SUPPLEMENTARY INFORMATION: On May 17, 2001, the Commissions published 
for public comment proposed Subparts A and B of Part 41 of the CFTC's 
regulations under the CEA and SEC Rules 3a55-1 through 3a55-3 under the 
Exchange Act. These proposed rules would implement new statutory 
provisions of the Commodity Futures Modernization Act of 2000 
(``CFMA'') concerning the definition of ``narrow-based security 
index.'' The CFMA directed the Commissions jointly to specify by rule 
or regulation the method to be used to determine ``dollar value of 
average daily trading volume'' and ``market capitalization'' for 
purposes of the new definition of ``narrow-based security index'' in 
the CEA and the Exchange Act.
    The proposing release established a deadline of June 18, 2001 for 
submitting public comments. The Commissions have received requests to 
extend the deadline. Therefore, the Commissions are extending the 
comment period to July 11, 2001 so that commenters will have adequate 
time to address the issues raised by the proposing release.

    Dated: June 26, 2001.

    By the Commodity Futures Trading Commission.
Jean A. Webb,
 Secretary.
    Dated: June 26, 2001.

    By the Securities and Exchange Commission.
Jonathan G. Katz,
Secretary.
[FR Doc. 01-16501 Filed 6-29-01; 8:45 am]
BILLING CODE 6351-01-P; 8010-01-P