96-4312. Notice of Extension of Comment Period; Request by ProTrade for Exemption From Registration as a Clearing Agency

[Federal Register Volume 61, Number 39 (Tuesday, February 27, 1996)]
[Notices]
[Page 7285]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-4312]



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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-36864; File No. 600-28]


Notice of Extension of Comment Period; Request by ProTrade for 
Exemption From Registration as a Clearing Agency

February 21, 1996.
    On September 22, 1994, ProTrade filed with the Securities and 
Exchange Commission (``Commission'') a Form CA-1 requesting an 
exemption from registration as a clearing agency pursuant to Section 
17A of the Securities Exchange Act of 1934 \1\ and Rule 17Ab2-1 
thereunder.\2\ ProTrade has supplemented the information provided in 
its Form CA-1 with letters to the Commission dated October 27, 1994; 
April 18, 1995; September 26, 1995; and October 2, 1995.

    \1\ 15 U.S.C. 78q-1 (1988).
    \2\ 17 CFR 240.17Ab2-1 (1995).
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    ProTrade's requested exemption from registration as a clearing 
agency was published for notice and comment in the Federal Register on 
December 20, 1995.\3\ In that notice, the Commission requested public 
comments on ProTrade's requested exemption by February 16, 1996.

    \3\ Securities Exchange Act Release No. 36587 (December 13, 
1995), 60 FR 65697 (December 20, 1995).
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    Recently, the Commission's staff has received requests from 
interested persons for an extension of time within which to comment on 
the ProTrade notice. These persons claim that the ProTrade request 
involves complicated and significant material and requires a longer 
comment period to ensure that interested persons have sufficient time 
in which to conduct thorough analyses.
    Accordingly, in light of the substantial nature of the ProTrade 
request and in light of 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 
Commission is extending the comment period for responding to Securities 
Exchange Act Release No. 36587 [File No. 600-28] from February 16, 
1996, until March 8, 1996.

    For the Commission by the Division of Market Regulation, 
pursuant to delegated authority.\4\

    \4\ 17 CFR 200.30-3(a)(12) (1995).
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Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 96-4312 Filed 2-26-96; 8:45 am]
BILLING CODE 8010-01-M