Order Execution Obligations: Extension of Comment Period

1Securities Exchange Act Release No. 36310 (September 29, 1995), 60 FR 52792 (October 10, 1995). SECURITIES AND EXCHANGE COMMISSION 17 CFR Part 240 [Release No. 34–36718; File No. S7–30–95] RIN 3235–AG66 Order Execution Obligations AGENCY: Securities and Exchange Commission. ACTION: Extension of the comment period. SUMMARY: The Securities and Exchange Commission (‘‘Commission’’) is extending from January 16, 1996, until January 26, 1996, the comment period for Securities Exchange Act Release No. 36310 (September 29, 1995), 60 FR 52792 (October 10, 1995). In the release, the Commission proposed two rules and amendments to a rule in order to improve the handling and execution of customer orders. DATES: Comments on the release should be submitted on or before January 26, 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, and should refer to File No. S7–30–95. All submissions will be made available for public inspection and copying at the Commission’s Public Reference Room, Room 1024, 450 Fifth Street, N.W., Washington, D.C. 20549. FOR FURTHER INFORMATION CONTACT: David Oestreicher, Attorney, (202) 942– 0173, Division of Market Regulation, Securities and Exchange Commission, 450 Fifth Street, N.W., Washington, D.C. 20549. SUPPLEMENTARY INFORMATION: On September 29, 1995, the Commission proposed two rules and amendments to a rule to improve the handling and execution of customer orders.1 The Commission proposals were intended to improve the opportunity of investors to obtain the best execution possible for their orders. At the same time, the proposals were designed to preserve the benefits of a competitive market structure that has greatly enhanced market liquidity, transparency and efficiency. The Commission requested that comments on the proposed rulemaking be received by January 16, 1996. Recently, Commission staff has received many requests from interested persons for an extension of time within which to comment on the proposed rulemaking. In addition, a major snowstorm altered the schedules of many places of business in the northeastern portion of the United States last week. In light of the substantial nature of the proposed rulemaking, and the Commission’s desire to consider the views of all interested persons on the subject, the Commission believes that an extension of the comment period is appropriate. Therefore, the comment period for responding to Securities Exchange Act Release No. 36310 is extended from January 16, 1996, until January 26, 1996. By the Commission. Dated: January 16, 1996. Margaret H. McFarland, Deputy Secretary. [FR Doc. 96–735 Filed 1–17–96; 3:35 pm] BILLING CODE 8010–01–P