[Federal Register Volume 61, Number 74 (Tuesday, April 16, 1996)]
[Proposed Rules]
[Pages 16674-16675]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-9184]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
17 CFR Parts 210, 228, 229, 239, 240, and 249
[Release Nos. 33-7281; 34-37087; IC-21876; File No. S7-35-95]
RIN 3235-AG42
Proposed Amendments To Require Disclosure of Accounting Policies
for Derivative Financial Instruments and Derivative Commodity
Instruments and Disclosure of Qualitative and Quantitative Information
About Market Risk Inherent in Derivative Financial Instruments, Other
Financial Instruments, and Derivative Commodity Instruments
AGENCY: Securities and Exchange Commission.
ACTION: Extension of Comment Period.
-----------------------------------------------------------------------
SUMMARY: The expiration date of the comment period for proposals
concerning derivative financial instruments, issued on December 28,
1995 in Release No. 33-7250 (61 FR 578) is extended from May 7, 1996
until May 20, 1996. This expiration date is extended to coincide with
the last day for comments on proposals to establish a safe harbor for
disclosure about derivative instrument market risk issued on April 9,
1996 in Release No. 33-7280.
DATES: Comments should be received on or before May 20, 1996.
ADDRESSES: Comments should be submitted in triplicate to Jonathan G.
Katz, Secretary, Securities and Exchange Commission, 450 Fifth Street,
N.W., Washington, D.C. 20549. Comment letters should refer to File No.
S7-35-95. All comments received will be available for public inspection
and copying in the Commission's Public Reference Room, 450 Fifth
Street, N.W., Washington, D.C. 20549.
FOR FURTHER INFORMATION CONTACT: Cathy J. Cole, Thomas J. Linsmeier,
Russell B. Mallett, III, or Stephen M. Swad, at (202) 942-4400, Office
of the Chief Accountant, Securities and Exchange Commission, 450 Fifth
Street, N.W., Mail Stop 11-3, Washington, D.C. 20549, or Kurt R. Hohl,
at (202) 942-2960, Division of Corporation Finance, Securities and
Exchange Commission,
[[Page 16675]]
450 Fifth Street, N.W., Mail Stop 3-13, Washington, D.C. 20549.
SUPPLEMENTARY INFORMATION: Release No. 33-7250 (61 FR 578) issued on
December 28, 1995 proposed, among other things, amendments to require
disclosure of qualitative and quantitative information about market
risk inherent in derivative financial instruments, other financial
instruments, and derivative commodity instruments. The release
indicated the Commission's intention that forward looking disclosures
made pursuant to the proposed requirements be made subject to an
appropriate safe harbor. The Commission issued Release No. 33-7280 on
April 9, 1996 to propose a safe harbor. The comment period for the safe
harbor proposing release ends on May 20, 1996. In order to provide
commenters additional time to consider the proposals set forth in
Release 33-7250 in view of the proposed safe harbor, the comment period
for that release is extended until May 20, 1996.
By the Commission.
Dated: April 9, 1996.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 96-9184 Filed 4-15-96; 8:45 am]
BILLING CODE 8010-01-P
