[Federal Register Volume 61, Number 28 (Friday, February 9, 1996)]
[Proposed Rules]
[Pages 4944-4945]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-2863]
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DEPARTMENT OF THE TREASURY
Office of the Under Secretary for Domestic Finance
17 CFR Parts 400 and 420
RIN 1505-AA53
Government Securities Act Regulations: Large Position Rules
AGENCY: Office of the Under Secretary for Domestic Finance, Treasury.
ACTION: Notice of extension of time for submission of comments.
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SUMMARY: This document extends until March 18, 1996, the deadline for
the submission of comments on the notice of proposed rulemaking
addressing large position recordkeeping and reporting requirements for
certain Treasury
[[Page 4945]]
securities. The proposed rule was published in the Federal Register on
December 18, 1995 (60 FR 65214) and comments were to be received on or
before February 16, 1996.
DATES: Comments must be submitted on or before March 18, 1996.
ADDRESSES: Comments should be sent to: Government Securities
Regulations Staff, Bureau of the Public Debt, Department of the
Treasury, Room 515, 999 E Street NW., Washington, DC 20239-0001.
Comments received will be available for public inspection and copying
at the Treasury Department Library, Room 5030, Main Treasury Building,
1500 Pennsylvania Avenue NW., Washington, DC 20220.
FOR FURTHER INFORMATION CONTACT:
Ken Papaj (Director) or Don Hammond (Assistant Director) at 202-219-
3632.
SUPPLEMENTARY INFORMATION: The Government Securities Act Amendments of
1993 granted Treasury the authority to prescribe large position
recordkeeping and reporting rules for certain Treasury securities. A
proposed rule was published December 18, 1995, that would require
persons holding, maintaining or controlling large positions in to-be-
issued or recently-issued Treasury securities to keep records and file
reports, in response to a request from Treasury, of such large
positions.
The Department has received a request for a 30 day extension of the
comment period from a trade association representing approximately 300
government securities brokers and dealers (Public Securities
Association, PSA). The PSA has requested the extension to permit the
association additional time to resolve technical questions and solicit
comments from its Primary Dealers Committee, Government Operations
Committee, Funding Division and legal and compliance staffs. Given the
limited additional time requested and a desire to provide market
participants and other interested parties ample time to develop
constructive comments, the Department agrees to extend the comment
period until Monday, March 18, 1996.
Dated: February 6, 1996.
Darcy Bradbury,
Assistant Secretary, Financial Markets.
[FR Doc. 96-2863 Filed 2-8-96; 8:45 am]
BILLING CODE 4810-39-M
