[Federal Register Volume 61, Number 14 (Monday, January 22, 1996)]
[Proposed Rules]
[Page 1545]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-735]
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SECURITIES AND EXCHANGE COMMISSION
17 CFR Part 240
[Release No. 34-36718; File No. S7-30-95]
RIN 3235-AG66
Order Execution Obligations
AGENCY: Securities and Exchange Commission.
ACTION: Extension of the comment period.
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SUMMARY: The Securities and Exchange Commission (``Commission'') is
extending from January 16, 1996, until January 26, 1996, the comment
period for Securities Exchange Act Release No. 36310 (September 29,
1995), 60 FR 52792 (October 10, 1995). In the release, the Commission
proposed two rules and amendments to a rule in order to improve the
handling and execution of customer orders.
DATES: Comments on the release should be submitted on or before January
26, 1996.
ADDRESSES: Comments should be submitted in triplicate to Jonathan G.
Katz, Secretary, Securities and Exchange Commission, 450 Fifth Street,
N.W., Washington, D.C. 20549, and should refer to File No. S7-30-95.
All submissions will be made available for public inspection and
copying at the Commission's Public Reference Room, Room 1024, 450 Fifth
Street, N.W., Washington, D.C. 20549.
FOR FURTHER INFORMATION CONTACT: David Oestreicher, Attorney, (202)
942-0173, Division of Market Regulation, Securities and Exchange
Commission, 450 Fifth Street, N.W., Washington, D.C. 20549.
SUPPLEMENTARY INFORMATION: On September 29, 1995, the Commission
proposed two rules and amendments to a rule to improve the handling and
execution of customer orders.1 The Commission proposals were
intended to improve the opportunity of investors to obtain the best
execution possible for their orders. At the same time, the proposals
were designed to preserve the benefits of a competitive market
structure that has greatly enhanced market liquidity, transparency and
efficiency. The Commission requested that comments on the proposed
rulemaking be received by January 16, 1996.
\1\ Securities Exchange Act Release No. 36310 (September 29,
1995), 60 FR 52792 (October 10, 1995).
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Recently, Commission staff has received many requests from
interested persons for an extension of time within which to comment on
the proposed rulemaking. In addition, a major snowstorm altered the
schedules of many places of business in the northeastern portion of the
United States last week.
In light of the substantial nature of the proposed rulemaking, and
the Commission's desire to consider the views of all interested persons
on the subject, the Commission believes that an extension of the
comment period is appropriate. Therefore, the comment period for
responding to Securities Exchange Act Release No. 36310 is extended
from January 16, 1996, until January 26, 1996.
By the Commission.
Dated: January 16, 1996.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 96-735 Filed 1-17-96; 3:35 pm]
BILLING CODE 8010-01-P
