[Federal Register: March 31, 2003 (Volume 68, Number 61)]
[Rules and Regulations]
[Page 15354]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr31mr03-14]
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SECURITIES AND EXCHANGE COMMISSION
17 CFR Part 240
[Release No. 34-44992A; File No. S7-26-98]
RIN 3235-AH04
Books and Records Requirements for Brokers and Dealers Under the
Securities Exchange Act of 1934
AGENCY: Securities and Exchange Commission.
ACTION: Final rule; correction.
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SUMMARY: This document contains corrections to the amendments to the
books and records requirements for brokers and dealers under the
Securities Exchange Act of 1934 that were published on November 2,
2001. The corrections contained herein redesignate two paragraphs that
were incorrectly numbered and amend references to those two paragraphs
to reflect that change.
EFFECTIVE DATE: May 2, 2003.
FOR FURTHER INFORMATION CONTACT: Bonnie L. Gauch, Attorney, at (202)
942-0765, in the Division of Market Regulation, Securities and Exchange
Commission, 450 5th Street, NW., Washington, DC 20549-1001.
SUPPLEMENTARY INFORMATION:
I. Background
Rules 17a-3 and 17a-4 \1\ under the Securities Exchange Act of 1934
\2\ (the ``Exchange Act'') (hereinafter the ``Books and Records
rules''), specify minimum requirements with respect to the records that
broker-dealers must make, and how long those records and other
documents relating to a broker-dealer's business must be kept. The
Securities and Exchange Commission (the ``Commission'') amended the
Books and Records rules on October 26, 2001.\3\
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\1\ 17 CFR 240.17a-3 and 240.17a-4.
\2\ 17 U.S.C. 78, et al.
\3\ Securities Exchange Act Release No. 44992, 66 FR 55818 (Nov.
2, 2001) (the ``Adopting Release'').
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II. Need for Correction
As published, the amendments to the Books and Records rules contain
a rule designation which was designated by another final rule. In the
final rules regarding the applicability of CFTC and SEC customer
protection, recordkeeping, reporting, and bankruptcy rules and the
Securities Investor Protection Act of 1970 to Accounts Holding Security
Futures Products, published on Friday, September 13, 2002, new
paragraph (f) to rule 17a-3 was adopted and became effective
immediately upon publication. The amendments to the Books and Records
rules erroneously also designated a new paragraph (f) of rule 17a-3.\4\
This correction redesignates the paragraph 17a-3(f) contained in the
amendments to the Books and Records rules as paragraphs 17a-3(g) and
makes other necessary changes throughout the release text and final
rules to facilitate this change.
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\4\ 67 FR 58284 (Sept. 13, 2002).
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III. Correction of Publication
Accordingly, the final rule FR Doc. 01-27439 published on November
2, 2001 (66 FR 55818), is corrected as follows:
1. On page 55838, column 1, amenditory instruction 3.e., second
line, revise the reference ``(f) and (g)'' to read ``(g) and (h)'';
2. On page 55838, column 2, paragraph (12)(i), fourth line, revise
the reference ``paragraph (g)(4)'' to read ``paragraph (h)(4)'';
3. On page 55839, column 3, paragraphs (f) and (g) are redesignated
as paragraphs (g) and (h).
4. On page 55841, column 1, paragraph (k), third line, revise the
reference ``Sec. 240.17a-3(f)'' to read ``Sec. 240.17a-3(g)'';
5. On page 55841, column 1, paragraph (l)(1), second line, revise
the reference ``Sec. 240.17a-3(g)(1)'' to read ``Sec. 240.17a-
3(h)(1)'';
6. On page 55841, column 1, paragraph (l)(2), second line, revise
the reference ``Sec. 240.17a-3(g)(2)'' to read ``Sec. 240.17a-
3(h)(2)'';
7. On page 55841, column 1, paragraph (l)(3), third line, revise
the reference ``Sec. 240.17a-3(g)(3)'' to read ``Sec. 240.17a-
3(h)(3)''; and
8. On page 55841, column 2, paragraph (l)(4), beginning on line
two, revise the reference ``Sec. 240-17a-3(g)(4)'' to read ``Sec.
240.17a-3(h)(4)''.
Dated: March 26, 2003.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 03-7614 Filed 3-28-03; 8:45 am]
BILLING CODE 8010-01-P