[Federal Register: August 7, 1998 (Volume 63, Number 152)]
[Rules and Regulations]               
[Page 42229]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr07au98-19]

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SECURITIES AND EXCHANGE COMMISSION

17 CFR Part 240 and 249

[Release No. 34-40163A; File No. S7-8-98]
RIN 3235-AH42

 
Year 2000 Readiness Reports To Be Made by Certain Transfer Agents 
Correction

AGENCY: Securities and Exchange Commission.

ACTION: Correction to final regulation.

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SUMMARY: This document contains a correction to final regulation (Rule 
17Ad-18), which was published Monday, July 13, 1998 (63 FR 37688). Rule 
17Ad-18 requires certain transfer agents to file with the Commission 
two reports regarding their Year 2000 preparations.

EFFECTIVE DATE: The correction becomes effective August 7, 1998.

FOR FURTHER INFORMATION CONTACT: Jeffrey Mooney, Special Counsel, 202/
942-4174, Division of Market Regulation, Securities and Exchange 
Commission, 450 Fifth Street, NW, Mail Stop 10-1, Washington, DC 20549.

SUPPLEMENTARY INFORMATION:

Background

    New Rule 17Ad-18 requires certain transfer agents to file two 
reports regarding their Year 2000 preparations with the Commission on 
new Form TA-Y2K. The reports will increase transfer agent awareness of 
the specific steps they should be taking to prepare for the Year 2000; 
help coordinate industry testing and contingency planning; supplement 
the Commission's examination module for Year 2000 issues and identify 
potential Year 2000 compliance problems; and provide information 
regarding the securities industry's preparedness for the Year 2000.

Need for Correction

    As published, Rule 17Ad-18 contains an error that may prove to be 
misleading and that needs to be corrected.

Correction of Publication

    Accordingly, the publication on July 13, 1998, of Rule 17Ad-18, 
which was the subject of FR Doc. 98-18296, is corrected as follows:

Appendix A--(Corrected)

    Appendix A. On page 37697, the first sentence of the first 
paragraph under the heading Part II is corrected by inserting the word 
``not'' between the words ``are'' and ``eligible.''

    Dated: August 3, 1998.
Jonathan G. Katz,
Secretary.
[FR Doc. 98-21106 Filed 8-6-98; 8:45 am]
BILLING CODE 8010-01-P