Custody of Investment Company Assets Outside the United States—Extension of Comment Period

SECURITIES AND EXCHANGE COMMISSION 17 CFR Part 270 [Release No. IC–21398, File No. S7–23–95] RIN 3235–AE98 Custody of Investment Company Assets Outside the United States— Extension of Comment Period AGENCY: Securities and Exchange Commission. ACTION: Proposed rule amendments and request for comment; extension of comment period. SUMMARY: The Commission is extending from October 6, 1995 to November 6, 1995 the comment period for Investment Company Release No. 21259, which proposed amendments to rule 17f–5 under the Investment Company Act of 1940. DATES: Comments must be received on or before November 6, 1995. ADDRESSES: Comments should be submitted in triplicate to Jonathan G. Katz, Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Stop 6–9, Washington, DC 20549. All comment letters should refer to File No. S7–23–95. All comments received will be available for public inspection and copying in the Commission’s Public Reference Room, 450 Fifth Street, NW, Washington, DC 20549.

Federal Register / Vol. 60, No. 197 / Thursday, October 12, 1995 / Proposed Rules 53153 FOR FURTHER INFORMATION CONTACT: Robin S. Gross, Staff Attorney, or Elizabeth R. Krentzman, Assistant Chief, at (202) 942–0690, Office of Regulatory Policy, Division of Investment Management, 450 Fifth Street, NW, Washington, DC 20549. SUPPLEMENTARY INFORMATION: On July 27, 1995, the Commission issued Investment Company Act Release No. 21259 (60 FR 39592 (August 2, 1995)) (‘‘Release No. 21259’’), which proposed amendments to rule 17f–5 (17 CFR 270.17f–5) under the Investment Company Act of 1940 (15 U.S.C. 80a). The proposed amendments would permit an investment company’s board to delegate its responsibilities under the rule to evaluate foreign custody arrangements. The amendments also would expand the class of foreign banks and securities depositories that could serve as investment company custodians. Since Release No. 21259 was issued, the Commission has received requests from interested persons for an extension of the comment period. In light of the importance of the safekeeping of investment company assets and the benefit to the Commission of receiving carefully considered comments, the Commission believes a 30-day extension is appropriate. The comment period for responding to Release No. 21259 is extended to November 6, 1995. Dated: October 5, 1995. By the Commission. Jonathan G. Katz, Secretary. [FR Doc. 95–25250 Filed 10–11–95; 8:45 am] BILLING CODE 8010–01–P