[Federal Register Volume 66, Number 189 (Friday, September 28, 2001)]
[Notices]
[Page 49728]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-24278]



[[Page 49728]]

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SECURITIES AND EXCHANGE COMMISSION

[Release 34-44831; File No. 600-22]


Self-Regulatory Organizations; MBS Clearing Corporation; Notice 
of Filing and Order Approving a Request for an Extension of Temporary 
Registration as a Clearing Agency

September 21, 2001.
    Pursuant to Section 19(a) of the Securities Exchange Act of 1934 
(``Act''),\1\ notice is hereby given that on August 24, 2001, MBS 
Clearing Corporation (``MBSCC'') filed with the Securities and Exchange 
Commission (``Commission'') an application requesting that the 
Commission grant MBSCC full registration as a clearing agency or in the 
alternative extend MBSCC's temporary registration as a clearing agency 
until such time as the Commission is able to grant MBSCC permanent 
registration.\2\ The Commission is publishing this notice and order to 
solicit comments from interested persons and to extend MBSCC's 
temporary registration as a clearing agency through March 31, 2002.
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    \1\ 15 U.S.C. 78s(a).
    \2\ Letter from Jeffrey F. Ingber, Managing Director, General 
Counsel and Secretary, MBSCC (August 21, 2001).
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    On February 2, 1987, pursuant to Sections 17A(b) and 19(a) of the 
Act \3\ and Rule 17Ab2-1 promulgated thereunder,\4\ the Commission 
granted MBSCC registration as a clearing agency on a temporary basis 
for a period of eighteen months.\5\ The Commission subsequently has 
extended MBSCC's registration through September 30, 2001.\6\
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    \3\ 15 U.S.C. 78q-1(b) and 78s(a).
    \4\ 17 CFR 240.17Ab2-1.
    \5\ Securities Exchange Act Release No. 24046 (February 2, 
1987), 52 FR 3218.
    \6\ Securities Exchange Act Release Nos. 25957 (August 2, 1988), 
53 FR 29357; 27079 (July 31, 1989), 54 FR 34212; 28492 (September 
28, 1990), 55 FR 41148; 29751 (September 27, 1991), 56 FR 50602; 
31750 (January 21, 1993), 58 FR 6424; 33348 (December 15, 1993), 58 
FR 68183; 35132 (December 21, 1994), 59 FR 67743; 37372 (June 26, 
1996), 61 FR 35281; 38784 (June 27, 1997), 62 FR 36587; 39776 (March 
20, 1998), 63 FR 14740; 41211 (March 24, 1999), 64 FR 15854; 42568 
(March 23, 2000), 65 FR 16980; and 44089 (March 21, 2001), 66 FR 
1691.
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    The Government Securities Clearing Corporation (``GSCC''), the 
Emerging Market Clearing Corporation (``EMCC''), and MBSCC are 
currently taking steps toward the integration of GSCC, EMCC, and MBSCC 
and the acquisition of these clearing agencies by The Depository Trust 
and Clearing Corporation. In order to have time to study the affect of 
the acquisition and integration on MBSCC's governance and 
organizational structure, the Commission is extending MBSCC's 
registration as a clearing agency on a temporary basis through March 
31, 2002.
    Interested persons are invited to submit written data, views, and 
arguments concerning the foregoing application. Such written data, 
views, and arguments will be considered by the Commission in granting 
registration or institution proceedings to determine whether 
registration should be denied in accordance with Section 19(a)(1) of 
the Act.\7\ Persons making written submissions should file six copies 
thereof with the Secretary, Securities and Exchange Commission, 450 
Fifth Street, N.W., Washington, D.C. 20549. Copies of the amended 
application for registration and all written comments will be available 
for inspection at the Commission's Public Reference Room, 450 Fifth 
Street, N.W., Washington, D.C. 20549. All submissions should refer to 
File No. 600-22 and should be submitted by October 19, 2001.
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    \7\ 15 U.S.C. 78s(a)(1).
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    It Is Therefore Ordered that MBSCC's temporary registration as a 
clearing agency (File No. 600-22) be and hereby is extended through 
March 31, 2002.
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    \8\ 17 CFR 200.30-3(a)(16).

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\8\
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 01-24278 Filed 9-27-01; 8:45 am]
BILLING CODE 8010-01-M