96-736. Self-Regulatory Organizations; Notice of Extension of Comment Period for Proposed Rule Change by the National Association of Securities Dealers, Inc. Relating to NAqcess System and Accompanying Rules of Fair Practice

[Federal Register Volume 61, Number 14 (Monday, January 22, 1996)]
[Notices]
[Page 1655]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-736]



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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-36720; File No. SR-NASD-95-42]


Self-Regulatory Organizations; Notice of Extension of Comment 
Period for Proposed Rule Change by the National Association of 
Securities Dealers, Inc. Relating to NAqcess System and Accompanying 
Rules of Fair Practice

January 16, 1996.
    On December 1, 1995, the Commission published for notice and 
comment a proposed rule change filed by the National Association of 
Securities Dealers, Inc. (``NASD'') regarding the introduction of the 
Nasdaq Stock Market's NAqcess system, a new system designed to replace 
the Small Order Execution System (``SOES'').1 In the release, the 
Commission requested that comments on the NAqcess proposal be received 
by January 16, 1996.

    \1\ Securities Exchange Act Release No. 36548 (December 1, 
1995), 60 FR 63092 (December 8, 1995).
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    Recently, Commission staff have received requests from interested 
persons for an extension of time within which to comment on the NAqcess 
proposal. 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 NAqcess proposal, 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. 36548 is hereby extended from 
January 16, 1996, until January 26, 1996.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.2

    \2\ 17 CFR 200.30-3(a)(12).
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Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 96-736 Filed 1-17-96; 3:35 pm]
BILLING CODE 8010-01-P