[Federal Register Volume 63, Number 218 (Thursday, November 12, 1998)]
[Proposed Rules]
[Page 63222]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-30249]
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Proposed Rules
Federal Register
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This section of the FEDERAL REGISTER contains notices to the public of
the proposed issuance of rules and regulations. The purpose of these
notices is to give interested persons an opportunity to participate in
the rule making prior to the adoption of the final rules.
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Federal Register / Vol. 63, No. 218 / Thursday, November 12, 1998 /
Proposed Rules
[[Page 63222]]
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SECURITIES AND EXCHANGE COMMISSION
17 CFR Part 240
[Release No. 34-40643; File No. S7-26-98]
RIN 3235-AH04
Books and Records Requirements for Brokers and Dealers Under the
Securities Exchange Act of 1934
AGENCY: Securities and Exchange Commission.
ACTION: Reproposed rule; extension of comment period.
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SUMMARY: The Securities and Exchange Commission is extending the
comment period for a release reproposing books and records requirements
for broker-dealers under the Securities Exchange Act of 1934 (Release
No. 34-40518) which was published in the Federal Register on October 9,
1998 (63 FR 54404). The comment period for Release No. 34-40518, is
being extended to December 9, 1998.
DATES: Comments must be received on or before December 9, 1998.
ADDRESSES: Comments should be submitted in triplicate to Jonathan G.
Katz, Secretary, Securities and Exchange Commission (``Commission''),
450 Fifth Street, N.W., Mail Stop 6-9, Washington, D.C. 20549. Comments
also may be submitted electronically at the following E-mail address:
rulecomments@sec.gov. Comment letters should refer to File No. S7-26-
98; this file number should be included on the subject line if E-mail
is used. All comments received will be available for public inspection
and copying at the Commission's Public Reference Room, 450 Fifth
Street, N.W., Washington, D.C. 20549. Electronically submitted comment
letters will be posted on the Commission's Internet web site (http://
www.sec.gov).
FOR FURTHER INFORMATION CONTACT: Michael A. Macchiaroli, Associate
Director, (202) 942-0131; Thomas K. McGowan, Assistant Director, (202)
942-4886; or Deana A. La Barbera, Attorney, (202) 942-0734, Division of
Market Regulation, Securities and Exchange Commission, 450 Fifth
Street, N.W., Mail Stop 10-1, Washington, D.C. 20549.
SUPPLEMENTARY INFORMATION: On October 2, 1998, the Commission issued
for comment Release No. 34-40518 soliciting comment on reproposed
amendments to the Commission's books and records rules, Rules 17a-3 and
17a-4 under the Securities Exchange Act of 1934. Specifically, the
reproposed amendments are designed to clarify and expand recordkeeping
requirements with respect to purchase and sale documents, customer
records, associated person records, customer complaints, and certain
other matters. The reproposed amendments also specify the books and
records that broker-dealers would have to make available at their local
offices. The reproposed books and records rules are specifically
designed to assist securities regulators when conducting sales practice
examinations.
The Commission originally requested that comments on this
reproposal be received by November 9, 1998. The Commission has recently
received requests 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 1 addressed by the release.
Therefore, the Commission is extending to December 9, 1998 the comment
period for Release No. 34-40518 (Books and Records Requirements for
Brokers and Dealers Under the Securities Exchange Act of 1934).
Dated: November 5, 1998.
By the Commission.
Jonathan G. Katz,
Secretary.
[FR Doc. 98-30249 Filed 11-10-98; 8:45 am]
BILLING CODE 8010-01-P
