[Federal Register Volume 61, Number 50 (Wednesday, March 13, 1996)]
[Notices]
[Pages 10409-10410]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-5967]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-36938; File No. 600-25]
Self-Regulatory Organizations; Participants Trust Company; Notice
of Filing of Application for Extension of Temporary Registration as a
Clearing Agency
March 7, 1996.
Notice is hereby given that on February 22, 1996, the Participants
Trust Company (``PTC'') filed with the Securities and Exchange
Commission (``Commission'') pursuant to Section 19(a) of the Securities
Exchange Act of 1934 (``Act''),\1\ a request for extension of its
temporary registration as a clearing agency under Section 17A of the
Act through March 31, 1997.\2\ The Commission is publishing this notice
to solicit comments from interested persons on PTC's request for an
extension of its temporary registration.
\1\ 15 U.S.C. Sec. 78s(a).
\2\ Letter from John J. Sceppa, President and Chief Executive
Officer, PTC, to Jerry Carpenter, Assistant Director, Division of
Market Regulation, Commission (February 21, 1996).
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On March 28, 1989, the Commission granted PTC's application for
registration as a clearing agency pursuant to Sections 17A(b)(2) and
19(a) \3\ of the Act on a temporary basis for a period of one year.\4\
Subsequently, the Commission issued orders that extended PTC's
temporary registration as a clearing agency.\5\ PTC's current temporary
registration extends through March 31, 1996.
\3\ 15 U.S.C. Secs. 78q-1(b)(2) and 78s(a) (1988).
\4\ Securities Exchange Act Release No. 26671 (March 28, 1989),
54 FR 13266.
\5\ Securities Exchange Act Release Nos. 27858 (March 28, 1990),
55 FR 12614; 29024 (March 28, 1991), 56 FR 13848; 30537 (April 9,
1992), 57 FR 12351; 32040 (March 23, 1993), 58 FR 16902; 33734
(March 8, 1994), 59 FR 11815; and 35482 (March 13, 1995), 60 FR
14806.
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As discussed in detail in the initial order granting PTC's
temporary registration,\6\ one of the primary reasons for PTC's
registration was to develop depository facilities for mortgage-backed
securities, particularly securities guaranteed by the Government
National Mortgage Association (``GNMA''). PTC services include
certificate safekeeping, book entry deliveries, and automated
[[Page 10410]]
facility for the pledge or segregation of securities, and other
services related to the immobilization of securities certificates.
\6\ Supra note 4.
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Interested persons are invited to submit written data, views, and
arguments concerning the foregoing. Persons making written submissions
should file six copies thereof with the Secretary, Securities and
Exchange Commission, 450 Fifth Street, N.W., Washington, D.C. 20549.
Copies of all written comments will be available for inspection and
copying in the Commission's Public Reference Section, 450 Fifth Street,
N.W., Washington, D.C. 20549. All submissions should refer to the File
No. 600-25 and should be submitted by April 3, 1996.
For the Commission, by the Division of Market Regulation
pursuant to delegated authority.\7\
\7\ 17 CFR 200.30-3(a)(50) (1995).
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Margaret H. McFarland,
Deputy Secretary.
FR Doc. 96-5967 Filed 3-12-96; 8:45 am]
BILLING CODE 8010-01-M
