[Federal Register Volume 78, Number 14 (Tuesday, January 22, 2013)]
[Proposed Rules]
[Pages 4365-4366]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-01053]
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SECURITIES AND EXCHANGE COMMISSION
17 CFR Part 240
[Release No. 34-68660; File No. S7-08-12]
RIN 3235-AL12
Capital, Margin, and Segregation Requirements for Security-Based
Swap Dealers and Major Security-Based Swap Participants and Capital
Requirements for Broker-Dealers
AGENCY: Securities and Exchange Commission.
ACTION: Proposed rule; extension of comment period.
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SUMMARY: On November 23, 2012, the Securities and Exchange Commission
(``Commission'') published in the Federal Register a proposed rule for
public comment to establish capital, margin, and segregation
requirements for security-based swap dealers and major security-based
swap participants under the Securities Exchange Act of 1934 (``Exchange
Act'') and amend capital requirements for broker-dealers. The
Commission is extending the time period in which to provide the
Commission with comments.
DATES: Comments should be received on or before February 22, 2013.
[[Page 4366]]
ADDRESSES: Comments may be submitted by any of the following methods:
Electronic Comments
Use the Commission's Internet comment form (http://www.sec.gov/rules/proposed.shtml);
Send an email to [email protected]. Please include
File Number S7-08-12 on the subject line; or
Use the Federal eRulemaking Portal (http://www.regulations.gov). Follow the instructions for submitting comments.
Paper Comments
Send paper comments in triplicate to Elizabeth M. Murphy,
Secretary, Securities and Exchange Commission, 100 F Street NE.,
Washington, DC 20549-1090.
All submissions should refer to File Number S7-08-12. This file number
should be included on the subject line if email is used. To help us
process and review your comments more efficiently, please use only one
method. The Commission will post all comments on the Commission's
Internet web site (http://www.sec.gov/rules/proposed). Comments will
also be available for Web site viewing and printing in the Commission's
Public Reference Room, 100 F Street NE., Washington, DC 20549 on
official business days between the hours of 10:00 a.m. and 3:00 p.m.
All comments received will be posted without change; we do not edit
personal identifying information from submissions. You should submit
only information you wish to make available publicly.
FOR FURTHER INFORMATION CONTACT: Michael A. Macchiaroli, Associate
Director, at (202) 551-5525; Thomas K. McGowan, Deputy Associate
Director, at (202) 551-5521; Randall W. Roy, Assistant Director, at
(202) 551-5522; Mark M. Attar, Branch Chief, at (202) 551-5889; Sheila
Dombal Swartz, Special Counsel, at (202) 551-5545; Valentina M. Deng,
Attorney, at (202) 551-5778; or Teen I. Sheng, Attorney, at 202-551-
5511, Division of Trading and Markets, Securities and Exchange
Commission, 100 F Street NE., Washington, DC 20549-7010.
SUPPLEMENTARY INFORMATION: On November 23, 2012, the Commission issued
Release No. 34-68071 soliciting comment on proposed rules and rule
amendments establishing capital, margin, and segregation requirements
for persons who register with the Commission as security-based swap
dealers or major security-based swap participants and amending capital
requirements for broker-dealers.\1\ The Commission originally requested
that comments on this proposal be received by January 22, 2013. The
Commission has recently been requested to extend the comment period and
believes that extending the comment period is appropriate in order to
give the public additional time to comment on the matters addressed by
the release.\2\ This extension will allow for 91 days of comment which
the Commission believes should provide the public with sufficient
additional time to consider thoroughly the matters addressed by the
release and to submit comprehensive responses to the release which
would benefit the Commission in its consideration of the final rules.
Therefore, the Commission is extending the public comment period for 31
days until Friday, February 22, 2013.
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\1\ See Exchange Act Release No. 68071 (Oct. 18, 2012), 77 FR
70213 (Nov. 23, 2012).
\2\ See Letter from Kenneth E. Bentson, Jr., Public Policy and
Advocacy Executive Vice President, SIFMA, to Elizabeth M. Murphy,
Secretary, Commission, dated Jan. 3, 2013; see also Letter from
Richard M. Whiting, Executive Director and General Counsel,
Financial Services Roundtable, to Elizabeth M. Murphy, Secretary,
Commission, dated Jan. 2, 2013.
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Dated: January 15, 2013.
By the Commission.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2013-01053 Filed 1-18-13; 8:45 am]
BILLING CODE 8011-01-P