[Federal Register Volume 59, Number 7 (Tuesday, January 11, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-621]
[[Page Unknown]]
[Federal Register: January 11, 1994]
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SECURITIES AND EXCHANGE COMMISSION
17 CFR Parts 201, 202, 229, and 240
[Release No. 34-33429; File No. S7-40-92]
RIN 3235-AF91
Rules of Practice--Extension of Comment Period
AGENCY: Securities and Exchange Commission.
ACTION: Proposed rule; extension of comment period.
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SUMMARY: The Securities and Exchange Commission is extending from
January 6, 1994 to February 4, 1994 the comment period for Securities
Exchange Act Release No. 34-33163 (58 FR 61732 [Nov. 22, 1993]), which
proposed comprehensive revisions to the Commission's Rules of Practice
governing Commission administrative proceedings including, among
others, evidentiary hearings before administrative law judges, appeals
of self-regulatory organization disciplinary actions and administrative
law judge initial decisions and certain rulemaking proceedings. Since
publication of the rules, the Commission has received from interested
persons a number of requests for extension of the comment period.
DATES: Comments must be submitted on or before February 4, 1994.
ADDRESSES: Comments should be addressed to File No. S7-40-92,
Attention: Jonathan G. Katz, Secretary; U.S. Securities and Exchange
Commission; 450 Fifth Street, NW.; Stop 6-9; Washington, DC 20549. All
comments received will be available for public inspection and copying
in the Commission's Public Reference Room 450 Fifth Street, NW.,
Washington, DC 20549.
FOR FURTHER INFORMATION CONTACT: Andrew Z. Glickman or Daniel O.
Hirsch, Office of the General Counsel at (202) 272-2428; U.S.
Securities and Exchange Commission; 450 Fifth Street, NW.; Stop 6-6;
Washington, DC 20549.
SUPPLEMENTARY INFORMATION:
I. Introduction
On November 5, 1993, the Commission authorized publication in the
Federal Register of a proposal to make major amendments to the
Commission's Rules of Practice. Published on November 22, 1993 (58 FR
61732), this proposal stems from the work of the Commission's Task
Force on Administrative Proceedings, chaired by Commissioner Mary
Schapiro. In addition to updating the Commission's existing rules and
make them more consistent with actual practices, the proposed revisions
would establish procedures to implement the authority granted to the
Commission by the Securities Enforcement Remedies and Penny Stock
Reform Act. The Commission requested that comments the received by
January 6, 1994.
Since the publication of the Rules, the Commission has received
from interested persons a number of requests for an extension of the
comment period. On December 27, 1993, an Ad Hoc Committee of the
American Bar Association that is preparing comments in response to the
Commission's proposal sent a letter requesting that the comment period
be extended from January 6, 1994 to February 1, 1994. The stated reason
for this request is the ABA requires more time because of the breadth
of the Commission's proposal and its accompanying commentary. Three
other parties have contacted the Commission's Office of the General
Counsel to request an extension of the comment period.
II. Discussion
In light of the length and complexity of the release and the
benefits to the Commission of receiving carefully considered comments,
the Commission believes a reasonable extension of the comment period is
appropriate. Therefore, in order to assist interested participants in
their consideration and preparation of carefully reasoned comments, the
Commission is extending the comment period for all persons to February
4, 1994.
III. Conclusion
The comment period for responding to Securities Exchange Act
Release No. 34-33163 is extended to February 4, 1994.
Dated: January 5, 1994.
By the Commission.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 94-621 Filed 1-10-94; 8:45 am]
BILLING CODE 8010-01-M
