[Federal Register Volume 64, Number 2 (Tuesday, January 5, 1999)]
[Notices]
[Pages 561-562]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-21]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-40847; File No. SR-NYSE-98-32]
Self-Regulatory Organizations; Notice of Extension of the Comment
Period for the Proposed Rule Change by the New York Stock Exchange,
Inc. Relating to Shareholder Approval or Stock Option Plans
December 28, 1998.
On October 13, 1998, the New York Stock Exchange, Inc. (``NYSE'' or
``Exchange'') filed with the Securities and Exchange Commission
(``SEC'' or ``Commission''), a proposed rule change, pursuant to
Section 19(b)(1) of the Securities Exchange Act of 1934 \1\ and Rule
19b-4 thereunder,\2\ to amend the Listed Company Manual (the
``Manual'') regarding the Exchange's shareholder approval policy (the
``Policy'') with respect to stock option and similar plans (``Plans'').
A complete description of the proposed rule change is found in the
notice of filing which was published in the Federal Register on
November 16, 1998.\3\
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\1\ 15 U.S.C. 78s(b)(1)
\2\ 17 CFR 240.19b-4.
\3\ Securities Exchange Act Release No. 40679 (November 13,
1998) 63 FR 64304 (November 19, 1998)(``Release'') The notice also
solicited comment on several specific issues. See Section IV of the
Release.
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In response to the solicitation of comments, the Commission
received a request to extend the comment period.\4\ Given the public's
interest in the proposed rule change and the Commission's desire to
give the public sufficient time to consider the proposal, the
Commission has decided to extend the comment period pursuant to Section
19(b)(2) of the Act.\5\ Accordingly, the
[[Page 562]]
comment period shall be extended until January 25, 1999.
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\4\ See Letter from Sarah Teslik, Council of Institutional
Investors, to Jonathan G. Katz, Secretary, SEC, dated November 20,
1998. As originally noticed, the comment period expired on December
10, 1998.
\5\ 15 U.S.C. 78s(b)(2).
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Interested persons are invited to submit written data, views, and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Persons making written submissions
should file six copies thereof with the Secretary, Securities and
Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549. Copies
of the submission, all subsequent amendments, all written statements
with respect to the proposed rule change that are filed with the
Commission, and all written communications relating to the proposed
rule change between the Commission and any person, other than those
that may be withheld from the public in accordance with the provisions
of 5 U.S.C. 552, will be available for inspection and copying at the
principal office of the NYSE. All submissions should refer to File No.
SR-NYSE-98-32 and should be submitted by January 25, 1999.
For the Commission, by the Division of Market Regulation, pursuant
to delegated authority.\6\
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\6\ 17 CFR 200.30-3(a)(12).
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Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 99-21 Filed 1-4-99; 8:45 am]
BILLING CODE 8010-01-M
