[Federal Register: May 8, 1998 (Volume 63, Number 89)]
[Notices]               
[Page 25531-25532]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr08my98-100]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-39944; File Nos. SR-MSRB-98-06, SR-NASD-98-20, SR-NYSE-
98-07]

 
Self-Regulatory Organizations; The Municipal Securities 
Rulemaking Board; The National Association of Securities Dealers, Inc.; 
and The New York Stock Exchange, Inc.; Order Extending Comment Period 
for Proposed Rule Changes Regarding Confirmation and Affirmation 
Services

May 1, 1998.
    Recently, the Municipal Securities Rulemaking Board (``MSRB''), The 
National Association of Securities Dealers, Inc. (``NASD''), and the 
New York Stock Exchange, Inc. (``NYSE'') filed with the Securities and 
Exchange Commission (``Commission'') proposed rule changes pursuant to 
Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'')\1\ 
concerning amendments to their rules regarding confirmation and 
affirmation services.\2\ Notices of the proposals were published in the 
Federal Register on April 13, 1998.\3\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ On February 18, 1998, the NYSE filed its proposed rule 
change with the Commission (File No. SR-NYSE-98-07). On March 5, 
1998, the NASD filed its proposed rule change with the Commission 
(File No. SR-NASD-98-20). On April 3, 1998, the MSRB filed its 
proposed rule change with the Commission (File No. SR-MSRB-98-06).
    \3\ Securities Exchange Act Release Nos. 39830 (April 6, 1998), 
63 FR 18060 (NYSE); 39831 (April 6, 1998), 63 FR 18057 (NASD); 39833 
(April 6, 1998), 63 FR 18055 (MSRB).
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    The notices of the proposals state that comments on the proposals 
should be received by May 4, 1998. The Commission has received a 
request that the comment period for the proposals be

[[Page 25532]]

extended for thirty days from May 4, 1998, to June 3, 1998.\4\ The 
Commission finds that extending the comment period is appropriate in 
order to give interested persons additional time to comment on the 
matters that the proposals address.
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    \4\ The requester stated, ``The requested extension is necessary 
to allow for substantive review and comment on what are extremely 
important issues for the securities industry.'' Letter from Mari-
Anne Pisarri, Pickard and Djinis, on behalf of Thomson Financial 
Services (April 30, 1998).
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    It is therefore ordered, pursuant to Section 19(b)(2) of the Act, 
that the comment period for the proposed rule changes of the NYSE (File 
No. SR-NYSE-98-07), the NASD (File No. SR-NASD-98-20), and the MSRB 
(File No. SR-MSRB-(98-06) be and hereby is extended from May 4, 1998, 
to June 3, 1998.

    For the Commission by the Division of Market Regulation, 
pursuant to delegated authority.\5\
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    \5\ 17 CFR 200.30-3(a)(12).
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Jonathan G. Katz,
Secretary.
[FR Doc. 98-12263 Filed 5-7-98; 8:45 am]
BILLING CODE 8010-01-M