Extension of Comment Period for Proposed Amendments on Derivative Financial Instruments and Market Risk Disclosures

SECURITIES AND EXCHANGE COMMISSION 17 CFR Parts 210, 228, 229, 239, 240, and 249 [Release Nos. 33–7281; 34–37087; IC– 21876; File No. S7–35–95] RIN 3235–AG42 Proposed Amendments To Require Disclosure of Accounting Policies for Derivative Financial Instruments and Derivative Commodity Instruments and Disclosure of Qualitative and Quantitative Information About Market Risk Inherent in Derivative Financial Instruments, Other Financial Instruments, and Derivative Commodity Instruments AGENCY: Securities and Exchange Commission. ACTION: Extension of Comment Period. SUMMARY: The expiration date of the comment period for proposals concerning derivative financial instruments, issued on December 28, 1995 in Release No. 33–7250 (61 FR 578) is extended from May 7, 1996 until May 20, 1996. This expiration date is extended to coincide with the last day for comments on proposals to establish a safe harbor for disclosure about derivative instrument market risk issued on April 9, 1996 in Release No. 33– 7280. DATES: Comments should be received on or before May 20, 1996. ADDRESSES: Comments should be submitted in triplicate to Jonathan G. Katz, Secretary, Securities and Exchange Commission, 450 Fifth Street, N.W., Washington, D.C. 20549. Comment letters should refer to File No. S7–35– 95. All comments received will be available for public inspection and copying in the Commission’s Public Reference Room, 450 Fifth Street, N.W., Washington, D.C. 20549. FOR FURTHER INFORMATION CONTACT: Cathy J. Cole, Thomas J. Linsmeier, Russell B. Mallett, III, or Stephen M. Swad, at (202) 942–4400, Office of the Chief Accountant, Securities and Exchange Commission, 450 Fifth Street, N.W., Mail Stop 11–3, Washington, D.C. 20549, or Kurt R. Hohl, at (202) 942– 2960, Division of Corporation Finance, Securities and Exchange Commission,

Federal Register / Vol. 61, No. 74 / Tuesday, April 16, 1996 / Proposed Rules 16675 450 Fifth Street, N.W., Mail Stop 3–13, Washington, D.C. 20549. SUPPLEMENTARY INFORMATION: Release No. 33–7250 (61 FR 578) issued on December 28, 1995 proposed, among other things, amendments to require disclosure of qualitative and quantitative information about market risk inherent in derivative financial instruments, other financial instruments, and derivative commodity instruments. The release indicated the Commission’s intention that forward looking disclosures made pursuant to the proposed requirements be made subject to an appropriate safe harbor. The Commission issued Release No. 33– 7280 on April 9, 1996 to propose a safe harbor. The comment period for the safe harbor proposing release ends on May 20, 1996. In order to provide commenters additional time to consider the proposals set forth in Release 33– 7250 in view of the proposed safe harbor, the comment period for that release is extended until May 20, 1996. By the Commission. Dated: April 9, 1996. Margaret H. McFarland, Deputy Secretary. [FR Doc. 96–9184 Filed 4–15–96; 8:45 am] BILLING CODE 8010–01–P