[Federal Register Volume 61, Number 225 (Wednesday, November 20, 1996)]
[Notices]
[Page 59089]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-29651]
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COMMODITY FUTURES TRADING COMMISSION
Petition of the Philadelphia Stock Exchange, Inc. for Exemptive
Relief To Permit United States Customers To Establish or Offset
Positions in Certain Foreign Currency Options on the Hong Kong Futures
Exchange Ltd. Through Registered Broker-Dealers
AGENCY: Commodity Futures Trading Commission.
ACTION: Extension of Comment Period.
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SUMMARY: On October 2, 1996, the Commodity Futures Trading Commission
(``Commission'') issued a notice of proposed order and request for
comment on the Philadelphia Stock Exchange, Inc.'s petition for
exemptive relief to permit United States customers to establish or
offset positions in certain foreign currency options on the Hong Kong
Futures Exchange Ltd. through registered broker-dealers, 61 FR 52921
(October 9, 1996). The original period for comment was thirty days,
with the deadline for the submission of comments November 8, 1996. By
letter dated November 8, 1996, the Chicago Mercantile Exchange, the
Chicago Board of Trade and the Futures Industry Association have
requested a thirty-day extension of the comment period. The Commission
has determined to extend the comment period to December 11, 1996.
DATES: Written comments must be received on or before December 11,
1996.
ADDRESSES: Comments should be submitted to Jean A. Webb, Secretary of
the Commission, Commodity Futures Trading Commission, 1155 21st Street,
NW., Washington, D.C. 20581. In addition, comments may be sent by
facsimile transmission to facsimile number (202) 418-5521, or by
electronic mail to secretary@cftc.gov.
FOR FURTHER INFORMATION CONTACT:
Susan C. Ervin, Deputy Director/Chief Counsel, or Christopher W.
Cummings, Attorney/Advisor, Division of Trading and Markets, Commodity
Futures Trading Commission, 1155 21st Street, N.W., Washington, D.C.
20581. Telephone number: (202) 418-5450. Facsimile number: (202) 418-
5536. Electronic mail: tm@cftc.gov.
SUPPLEMENTARY INFORMATION: On October 2, 1996, the Commission issued a
request for comment on the petition of the Philadelphia Stock Exchange,
Inc. (``PHLX'') for exemptive relief to permit United States customers
to establish or offset positions in certain foreign currency options on
the Hong Kong Futures Exchange Ltd. through registered broker-dealers.
On November 8, 1996, the Chicago Mercantile Exchange, the Chicago Board
of Trade and the Futures Industry Association filed a written request
for a thirty-day extension of the comment period. The extension request
was based on the signatories' belief that additional time was necessary
to fully evaluate the merits of the PHLX's petition in light of
important policy questions.
The Commission has determined to extend the period for public
comment on the PHLX's petition to December 11, 1996.
Issued in Washington, DC., on November 13, 1996, by the
Commission.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 96-29651 Filed 11-19-96; 8:45 am]
BILLING CODE 6351-01-M
