Amendments to Financial Responsibility Rules for Broker-Dealers, 28908 [E7-9833]

Download as PDF 28908 Federal Register / Vol. 72, No. 99 / Wednesday, May 23, 2007 / Proposed Rules SECURITIES AND EXCHANGE COMMISSION 17 CFR Part 240 [Release No. 34–55777; File No. S7–08–07] RIN 3235–AJ85 Amendments to Financial Responsibility Rules for BrokerDealers Securities and Exchange Commission. ACTION: Proposed rule; extension of comment period. AGENCY: FOR FURTHER INFORMATION CONTACT: The Securities and Exchange Commission is extending the comment period for a release proposing amendments to its net capital, customer protection, books and records, and notification rules for broker-dealers under the Securities Exchange Act of 1934 (‘‘Exchange Act’’), which was issued by the Commission on March 9, 2007 (Exchange Act Release No. 55431, 72 FR 12862 (Mar. 19, 2007)). The original comment period for Release No. 34–55431 is scheduled to end on May 18, 2007. The Commission is extending the time period in which to provide the Commission with comments on the proposed amendments described in Release No. 34–55431 for thirty-one days until Monday, June 18, 2007. This action will allow all interested persons additional time to analyze the issues and prepare their comments. DATES: Comments should be received on or before June 18, 2007. ADDRESSES: Comments may be submitted by any of the following methods: SUMMARY: Electronic Comments • Use the Commission’s Internet comment form (https://www.sec.gov/ rules/proposed); or • Send an e-mail to rulecomments@sec.gov. Please include File Number S7–08–07 on the subject line; or • Use the Federal eRulemaking Portal (https://www.regulations.gov). Follow the instructions for submitting comments. cprice-sewell on PROD1PC71 with PROPOSALS Paper Comments 15:44 May 22, 2007 Michael A. Macchiaroli, Associate Director, at (202) 551–5525; Thomas K. McGowan, Assistant Director, at (202) 551–5521; Randall Roy, Branch Chief, at (202) 551–5522; or Bonnie Gauch, Attorney, (202) 551–5524; Division of Market Regulation, Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549–6628. On March 9, 2007, the Commission requested comment on proposed amendments to the Commission’s net capital, customer protection, books and records, and notification rules for broker-dealers under the Exchange Act.1 Specifically, the proposed amendments are designed to address several emerging areas of concern regarding the financial requirements for broker-dealers. They also would update the financial responsibility rules and make certain technical amendments. The Commission originally requested that comments on this proposal be received by May 18, 2007. The Commission thus far has received few public comments and believes that extending the comment period would be appropriate in order to give the public additional time to thoroughly consider the matters addressed by the release.2 Therefore, the Commission is extending the comment period for Release No. 34– 55431 (Amendments to Financial Responsibility Rules for Broker-Dealers) for thirty-one days, to Monday, June 18, 2007.3 SUPPLEMENTARY INFORMATION: Dated: May 17, 2007. • Send paper comments in triplicate to Nancy M. Morris, Secretary, Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549–1090. All submissions should refer to File Number S7–08–07. This file number should be included on the subject line if e-mail is used. To help us process and review your comments more efficiently, please use only one method. The VerDate Aug<31>2005 Commission will post all comments on the Commission’s Internet Web site (https://www.sec.gov/rules/proposed). Comments will also be available for public inspection and copying in the Commission’s Public Reference Room, 100 F Street, NE., Washington, DC 20549. All comments received will be posted without change; we do not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. Jkt 211001 1 See Exchange Act Release No. 55431, 72 FR 12862 (Mar. 19, 2007). 2 See also Letter from Gerard J. Quinn, Vice President and Associate General Counsel of SIFMA to Michael Macchiaroli, date May 4, 2007 (noting the importance of the issues discussed in the release and the complexity of the issues involved). 3 If the comment period was extended for thirty days, the due date would fall on a Sunday. Therefore, the Commission is extending the comment period for thirty-one days. PO 00000 Frm 00014 Fmt 4702 Sfmt 4702 By the Commission. Nancy M. Morris, Secretary. [FR Doc. E7–9833 Filed 5–22–07; 8:45 am] BILLING CODE 8010–01–P POSTAL SERVICE 39 CFR Part 111 New Address Quality Standards for First-Class Mail and Standard Mail Postal Service. Proposed rule. AGENCY: ACTION: SUMMARY: This proposed rule provides revisions to Mailing Standards of the United States Postal Service, Domestic Mail Manual (DMM) that we will adopt no earlier than 18 months from the publication date of this notice. Move Update, the process for updating names and addresses, is currently required for mailers to obtain discounted rates for First-Class Mail. All address records used on pieces in discounted-rate mailings of First-Class Mail must be matched with customer-filed change-ofaddress orders received and maintained by the USPS using a USPS-approved method within 185 days of the date of mailing. Our proposal includes the following changes related to move update processing: (1) Extending the Move Update requirement to all Standard Mail and (2) reducing the window for move update processing of names and addresses used for mailings of discounted First-Class Mail from 185 days to 95 days prior to mailing. The revised timeframe would apply to all pieces in Standard Mail mailings. DATES: We must receive your comments on or before June 22, 2007. ADDRESSES: Mail or deliver written comments to the Office of Product Management—Addressing, National Customer Support Center, United States Postal Service, 6060 Primacy Parkway, Ste. 201, Memphis, TN 38188–0001. You may inspect and photocopy all written comments at USPS Headquarters Library, 475 L’Enfant Plaza, SW., 11th Floor N, Washington, DC 20260–1450 between 9 a.m. and 4 p.m., Monday through Friday. FOR FURTHER INFORMATION CONTACT: Charles B. Hunt, 901–681–4651; or Bert Olsen, 202–268–7276. SUPPLEMENTARY INFORMATION: The decisions mailers make about address quality directly affect their ability to reach valued customers. Over the years, the Postal Service has invested heavily to create an automated mailstream to E:\FR\FM\23MYP1.SGM 23MYP1

Agencies

[Federal Register Volume 72, Number 99 (Wednesday, May 23, 2007)]
[Proposed Rules]
[Page 28908]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-9833]



[[Page 28908]]

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SECURITIES AND EXCHANGE COMMISSION

17 CFR Part 240

[Release No. 34-55777; File No. S7-08-07]
RIN 3235-AJ85


Amendments to Financial Responsibility Rules for Broker-Dealers

AGENCY: Securities and Exchange Commission.

ACTION: Proposed rule; extension of comment period.

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SUMMARY: The Securities and Exchange Commission is extending the 
comment period for a release proposing amendments to its net capital, 
customer protection, books and records, and notification rules for 
broker-dealers under the Securities Exchange Act of 1934 (``Exchange 
Act''), which was issued by the Commission on March 9, 2007 (Exchange 
Act Release No. 55431, 72 FR 12862 (Mar. 19, 2007)). The original 
comment period for Release No. 34-55431 is scheduled to end on May 18, 
2007. The Commission is extending the time period in which to provide 
the Commission with comments on the proposed amendments described in 
Release No. 34-55431 for thirty-one days until Monday, June 18, 2007. 
This action will allow all interested persons additional time to 
analyze the issues and prepare their comments.

DATES: Comments should be received on or before June 18, 2007.

ADDRESSES: Comments may be submitted by any of the following methods:

Electronic Comments

     Use the Commission's Internet comment form (https://
www.sec.gov/rules/proposed); or
     Send an e-mail to rule-comments@sec.gov. Please include 
File Number S7-08-07 on the subject line; or
     Use the Federal eRulemaking Portal (https://
www.regulations.gov). Follow the instructions for submitting comments.

Paper Comments

     Send paper comments in triplicate to Nancy M. Morris, 
Secretary, Securities and Exchange Commission, 100 F Street, NE., 
Washington, DC 20549-1090.

All submissions should refer to File Number S7-08-07. This file number 
should be included on the subject line if e-mail is used. To help us 
process and review your comments more efficiently, please use only one 
method. The Commission will post all comments on the Commission's 
Internet Web site (https://www.sec.gov/rules/proposed). Comments will 
also be available for public inspection and copying in the Commission's 
Public Reference Room, 100 F Street, NE., Washington, DC 20549. All 
comments received will be posted without change; we do not edit 
personal identifying information from submissions. You should submit 
only information that you wish to make available publicly.

FOR FURTHER INFORMATION CONTACT: Michael A. Macchiaroli, Associate 
Director, at (202) 551-5525; Thomas K. McGowan, Assistant Director, at 
(202) 551-5521; Randall Roy, Branch Chief, at (202) 551-5522; or Bonnie 
Gauch, Attorney, (202) 551-5524; Division of Market Regulation, 
Securities and Exchange Commission, 100 F Street, NE., Washington, DC 
20549-6628.

SUPPLEMENTARY INFORMATION: On March 9, 2007, the Commission requested 
comment on proposed amendments to the Commission's net capital, 
customer protection, books and records, and notification rules for 
broker-dealers under the Exchange Act.\1\ Specifically, the proposed 
amendments are designed to address several emerging areas of concern 
regarding the financial requirements for broker-dealers. They also 
would update the financial responsibility rules and make certain 
technical amendments.
    The Commission originally requested that comments on this proposal 
be received by May 18, 2007. The Commission thus far has received few 
public comments and believes that extending the comment period would be 
appropriate in order to give the public additional time to thoroughly 
consider the matters addressed by the release.\2\ Therefore, the 
Commission is extending the comment period for Release No. 34-55431 
(Amendments to Financial Responsibility Rules for Broker-Dealers) for 
thirty-one days, to Monday, June 18, 2007.\3\
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    \1\ See Exchange Act Release No. 55431, 72 FR 12862 (Mar. 19, 
2007). 2
    \2\ See also Letter from Gerard J. Quinn, Vice President and 
Associate General Counsel of SIFMA to Michael Macchiaroli, date May 
4, 2007 (noting the importance of the issues discussed in the 
release and the complexity of the issues involved).
    \3\ If the comment period was extended for thirty days, the due 
date would fall on a Sunday. Therefore, the Commission is extending 
the comment period for thirty-one days.

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    Dated: May 17, 2007.

    By the Commission.
Nancy M. Morris,
Secretary.
[FR Doc. E7-9833 Filed 5-22-07; 8:45 am]
BILLING CODE 8010-01-P
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