[Federal Register Volume 63, Number 251 (Thursday, December 31, 1998)]
[Proposed Rules]
[Pages 72217-72218]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-34694]
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SECURITIES AND EXCHANGE COMMISSION
17 CFR Chapter II
[Release Nos. 33-7618, 34-40828, 35-26958, 39-2371, IC-23621, IA-1777;
File No. S7-32-98]
List of Rules To Be Reviewed Pursuant to the Regulatory
Flexibility Act
AGENCY: Securities and Exchange Commission.
ACTION: Publication of list of rules scheduled for review.
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SUMMARY: The Securities and Exchange Commission is today publishing a
list of rules to be reviewed pursuant to Section 610 of the Regulatory
Flexibility Act. The list is published to provide the public with
notice that these rules are scheduled for review by the agency and to
invite public comment on them.
DATES: Public comments are due by February 15, 1999.
ADDRESSES: Persons wishing to submit written comments should file three
copies with Jonathan G. Katz, Secretary, Securities and Exchange
Commission, 450 Fifth Street, N.W., Room 6184, Stop 6-9, Washington,
D.C. 20549. All submissions should refer to File No. S7-32-98, and will
be available for public inspection and copying at the Commission's
Public Reference Room, Room 1026, at the same address.
FOR FURTHER INFORMATION CONTACT: Anne H. Sullivan, Office of the
General Counsel, Securities and Exchange Commission 202-942-0954.
SUPPLEMENTARY INFORMATION: The Regulatory Flexibility Act (``RFA'')
codified at 5 U.S.C. 600-611 requires agencies to review rules which
have a significant economic impact upon a substantial number of small
entities every ten years. The purpose of the review is ``to determine
whether such rules should be continued without change, or should be
amended or rescinded * * * to minimize any significant economic impact
of the rules upon a substantial number of such small entities'' (5
U.S.C. 610(a)).
The RFA sets forth specific considerations that must be addressed
in the review of each rule:
The continued need for the rule;
The nature of complaints or comments received concerning
the rule from the public;
The complexity of the rule;
The extent to which the rule overlaps, duplicates or
conflicts with other Federal rules, and, to the extent feasible, with
State and local governmental rules; and
The length of time since the rule has been evaluated or
the degree to which technology, economic conditions, or other factors
have changed in the area affected by the rule (5 U.S.C. 610(c)).
The Securities and Exchange Commission, as a matter of policy,
reviews all rules which it publishes for notice and comment to assess
their continued compliance with the RFA. Pursuant to the RFA, the rules
and forms listed below are scheduled for review by staff of the
Commission during the next twelve months. The rules are grouped
according to which Division or Office of the Commission will review
each rule:
Rules To Be Reviewed by the Office of the Chief Accountant
Title: Article 6 of Regulation S-X (Financial Statements of Registered
Investment Companies)
Citation: 17 CFR 210.6
Authority: 15 U.S.C. 77f, 77g, 77s(a), 77aa(25) to (26), 78l, 78m,
78o(d), 78w(a), 79e(b), 79n, 79t(a), 80a-8, and 80a-29
Title: Article 6A of Regulation S-X (Financial Statements of Employee
Stock Purchase, Savings, and Similar Plans)
Citation: 17 CFR 210.6A
Authority: 15 U.S.C. 77f, 77g, 77s(a), 77aa(25) to (26), 78l, 78m,
78o(d), 78w(a), 79e(b), 79n, 79t(a), 80a-8, and 80a-29
Rules To Be Reviewed by the Division of Market Regulation
Title: Rule 15c2-6 (Sales Practice Requirement for Certain Low-priced
Securities)
[The rule was amended and redesignated as Rule 15g-9 in 1993]
Citation: 17 CFR 240.15g-9
Authority: 15 U.S.C. 78w, 78c, 78j, and 78o
Title: Rule 3a12-10 (Exemption of Certain Securities Issued by the
Resolution Funding Corporation)
Citation: 17 CFR 240.3a12-10
Authority: 15 U.S.C. 78w, 78b, and 78c
Title: Rule 15a-6 (Exemption of Certain Foreign Brokers or Dealers)
Citation: 17 CFR 240.15a-6
Authority: 15 U.S.C. 78a, 78c, 78j, 78o, and 78g
Title: Rule 15c2-12 (Municipal Securities Disclosure)
Citation: 17 CFR 240.15c2-12
Authority: 15 U.S.C. 78w, 78b, 78c, 78j, 78o, 78o-4, and 78g
Title: Rule 19c-5 (Governing the Multiple Listing of Options on
National Securities Exchanges)
Citation: 17 CFR 240.19c-5
Authority: 15 U.S.C. 78w, 78f, 78k-1, and 78s
Rules and Forms To Be Reviewed by the Division of Investment
Management
Title: Public Utility Holding Company Act (``PUHCA'') Rule 80
(Definitions of terms used in rules under Section 13)
Citation: 17 CFR 250.80
Authority: 15 U.S.C. 79m
Title: PUHCA Rule 81 (Exempted transactions)
Citation: 17 CFR 250.81
Authority: 15 U.S.C. 79m
Title: PUHCA Rule 82 (Temporary exemption from Section 13)
Citation: 17 CFR 250.82
Authority: 15 U.S.C. 79m
Title: PUHCA Rule 84 (Prohibition of unauthorized transactions by
registered holding companies)
Citation: 17 CFR 250.84
Authority: 15 U.S.C. 79m
Title: PUHCA Rule 85 (Service, sales, and construction by registered
holding companies)
Citation: 17 CFR 250.85
Authority: 15 U.S.C. 79m
Title: PUHCA Rule 86 (Prohibition of unauthorized transactions by
subsidiaries)
Citation: 17 CFR 250.86
Authority: 15 U.S.C. 79m
Title: PUHCA Rule 88 (Approval of mutual service companies;
organization and conduct of business or subsidiary service companies)
Citation: 17 CFR 250.88
Authority: 15 U.S.C. 79m
Title: PUHCA Rule 89 (Termination of contracts)
Citation: 17 CFR 250.89
Authority: 15 U.S.C. 79m
Title: PUHCA Rule 90 (Transactions limited to cost)
Citation: 17 CFR 250.90
Authority: 15 U.S.C. 79m
Title: PUHCA Rule 91 (Determination of cost)
Citation: 17 CFR 250.91
Authority: 15 U.S.C. 79m
Title: PUHCA Rule 92 (Sales of goods produced by seller)
Citation: 17 CFR 250.92
Authority: 15 U.S.C. 79m
Title: PUHCA Rule 93 (Accounts and records of mutual and subsidiary
service companies)
Citation: 17 CFR 250.93
[[Page 72218]]
Authority: 15 U.S.C. 79m
Title: PUHCA Rule 94 (Annual reports by mutual and subsidiary service
companies)
Citation: 17 CFR 250.94
Authority: 15 U.S.C. 79m
Title: PUHCA Rule 95 (Reports required from affiliate service companies
and companies principally engaged in performing services)
Citation: 17 CFR 250.95
Authority: 15 U.S.C. 79m
Title: PUHCA Rule 100 (Orders granting or withdrawing exemptions)
Citation: 17 CFR 250.100
Authority: 15 U.S.C. 79t
Title: PUHCA Rule 101 (Standards and interpretations of rules)
Citation: 17 CFR 250.101
Authority: 15 U.S.C. 79t
Title: PUHCA Rule 102 (Effective date of rules)
Citation: 17 CFR 250.102
Authority: 15 U.S.C. 79t
Title: PUHCA Rule 103 (References and definitions)
Citation: 17 CFR 250.103
Authority: 15 U.S.C. 79t
Title: PUHCA Rule 103A (Liability for certain statements by issuers)
Citation: 17 CFR 250.103A
Authority: 15 U.S.C. 79t
Title: PUHCA Rule 104 (Public disclosure of information and objections
thereto)
Citation: 17 CFR 250.104
Authority: 15 U.S.C. 79t
Title: PUHCA Rule 105 (Disclosure detrimental to the national defense
or foreign policy)
Citation: 17 CFR 250.105
Authority: 15 U.S.C. 79t
Title: PUHCA Form U-6B-2 (Certificate of notification)
Citation: 17 CFR 259.206
Authority: 15 U.S.C. 79f
Title: PUHCA Form U-7D (Certificate pursuant to Rule 7(d) of Public
Utility Holding Company Act of 1935)
Citation: 17 CFR 259.404
Authority: 15 U.S.C. 79b(a)(3)
The Commission invites public comment on both the list and the
rules to be reviewed.
By the Commission.
Dated: December 23, 1998.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 98-34694 Filed 12-30-98; 8:45 am]
BILLING CODE 8010-01-P
