Securities: Securities offerings, regulatory structure; modernization and clarification,

[Federal Register: March 30, 1999 (Volume 64, Number 60)]

[Proposed Rules]

[Page 15143]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr30mr99-12]

SECURITIES AND EXCHANGE COMMISSION

17 CFR Part 200, 202, 210, 228, 229, 230, 232, 239, 240 and 249

[Release Nos. 33-7659; 34-41207; IC-23751; File No. S7-30-98]

RIN 3235-AG83

The Regulation of Securities Offerings

AGENCY: Securities and Exchange Commission.

ACTION: Proposed Rule; Extension of Comment Period.

SUMMARY: The Securities and Exchange Commission is extending the comment period for its proposals to modernize and clarify the regulatory structure for offerings under the Securities Act of 1933. Those proposals are in Securities Act Release No. 7606A (11/13/98), 63 FR 67174 (12/4/98) (the ``Proposing Release''). The original comment deadline established by the Proposing Release was April 5, 1999. The new deadline is June 30, 1999.

DATES: Public comments are due on or before June 30, 1999.

ADDRESSES: Please send three copies of your comments to Jonathan G. Katz, Secretary, U.S. Securities and Exchange Commission, Mail Stop 0609, 450 Fifth Street, NW, Washington, DC 20549-0609. You can send comment letters electronically to the following e-mail address: rule- comments@sec.gov. The comment letter should refer to File Number S7-30- 98. If you use e-mail, include this file number in the subject line. Anyone can inspect and copy comment letters in the Commission's Public Reference Room, 450 Fifth Street, NW, Washington, DC 20549. We will post comment letters submitted electronically on our Internet site (http://www.sec.gov).

FOR FURTHER INFORMATION CONTACT: Anita Klein at (202) 942-2980 or David Maltz at (202) 942-1921, Division of Corporation Finance, U.S. Securities and Exchange Commission, Washington, DC 20549.

SUPPLEMENTARY INFORMATION: On November 13, 1998, the Commission issued the Proposing Release. It describes proposals to modernize and clarify the regulatory structure for offerings under the Securities Act of 1933 while maintaining investor protection. The proposals covered five major topics: Registration system reform; communications around the time of an offering; prospectus delivery requirements; integration of private and public offerings; and periodic reporting under the Securities Exchange Act of 1934. The deadline for submitting public comments established by the Proposing Release was April 5, 1999. The Commission has received requests to extend the deadline. We are therefore extending the comment period to June 30, 1999, so that commenters have adequate time to address the issues raised by the Proposing Release.

Dated: March 24, 1999.

By the Commission. Jonathan G. Katz, Secretary.

[FR Doc. 99-7684Filed3-29-99; 8:45 am]

BILLING CODE 8010-01-P