[Federal Register Volume 61, Number 182 (Wednesday, September 18, 1996)]
[Notices]
[Page 49184]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-23901]
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SECURITIES AND EXCHANGE COMMISSION
[Release Nos. 33-7329; 34-37672, International Series Release No. 1018,
File No. S7-19-96]
RIN 3235-AG83
Securities Act Concepts and Their Effects on Capital Formation
AGENCY: Securities and Exchange Commission.
ACTION: Extension of comment period.
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SUMMARY: The expiration date of the comment period with respect to the
Commission's concept release on Securities Act reform, Release No. 33-
7314 (61 FR 40044), is extended from September 30, 1996 to October 31,
1996.
DATES: Comments should be received on or before October 31, 1996.
ADDRESSES: Comments should be submitted in triplicate to Jonathan G.
Katz, Secretary, U.S. Securities and Exchange Commission, 450 Fifth
Street, N.W., Stop 6-9, Washington, D.C., 20549. Comments also may be
submitted electronically to the following electronic mail address:
rule-comment@sec.gov. All comment letters should refer to File No. S7-
19-96; this file number should be included in the subject line if
electronic mail is used. Comment letters will be available for public
inspection and copying at the Commission's Public Reference Room, 450
Fifth Street, N.W., Washington, D.C. 20549. Electronically submitted
comment letters will be posted on the Commission's Internet Web site
(http://www.sec.gov).
FOR FURTHER INFORMATION CONTACT: Anita Klein, Office of Chief Counsel,
Division of Corporation Finance, (202) 942-2900.
SUPPLEMENTARY INFORMATION: On July 25, 1996, the Commission issued a
concept release (Release No. 33-7314 [61 FR 40044]) to solicit public
comment on the best means of improving the regulation of the capital
formation process while maintaining or enhancing investor protection.
The Commission is engaged in a broad reexamination of the regulatory
framework for the offer and sale of securities under the Securities Act
of 1933. Comment was solicited on a number of possible approaches to
improving the registration process. Among them are: the recommendation
of the Advisory Committee on the Capital Formation and Regulatory
Processes to implement a ``company registration'' approach;
modifications to the existing shelf registration system (many of which
were recommended by the Commission's Task Force on Disclosure
Simplification); reforms that would liberalize the treatment of
unregistered securities; and an approach that would involve
deregulation of offers. The comment period with respect to the concept
release was scheduled to end on September 30, 1996. In order to provide
additional time for commenters to consider the issues discussed in the
concept release, the Commission has extended the comment period on the
concept release until October 31, 1996.
Dated: September 12, 1996.
By the Commission.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 96-23901 Filed 9-17-96; 8:45 am]
BILLING CODE 8010-01-P
