98-20366. Self-Regulatory Organizations; Municipal Securities Rulemaking Board; Order Granting Approval of Proposed Rule Change Relating to Rule G-32, on Disclosures in Connection With New Issues

[Federal Register Volume 63, Number 146 (Thursday, July 30, 1998)]
[Notices]
[Page 40759]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-20366]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-40197A; File No. SR-MSRB-98-04]


Self-Regulatory Organizations; Municipal Securities Rulemaking 
Board; Order Granting Approval of Proposed Rule Change Relating to Rule 
G-32, on Disclosures in Connection With New Issues

July 23, 1998.

Correction

    In FR Document No. 98-19445, beginning on page 39322 for Wednesday, 
July 22, 1998, the first full paragraph of the page is revised to read:
    The amendment provides an alternate method of compliance with Rule 
G-32 in the case of Exempt VRDOs where the final official statement is 
either unavailable or incomplete. The amendment is intended to provide 
relief to dealers in the event they do not receive the final official 
statement from the issuer with enough time to deliver the document to 
their customers by settlement. Therefore, in those limited 
circumstances where dealers may in fact receive the official statement 
in final form in sufficient time to deliver it to customers by 
settlement (e.g., if an issuer approves completion of the official 
statement in final form prior to execution of the purchase contract), 
dealers would have the option of complying with the existing provision 
of the rule by delivering the official statement in final form to the 
customer by settlement.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\1\
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    \1\ 17 CFR 200.30-3(a)(12).
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Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 98-20366 Filed 7-29-98; 8:45 am]
BILLING CODE 8010-01-M