Regulation of Exchanges: Extension of Comment Period

40316 Federal Register / Vol. 62, No. 144 / Monday, July 28, 1997 / Proposed Rules 1Securities Exchange Act Release No. 38672 (May 23, 1997), 62 FR 30485 (June 4, 1997). SECURITIES AND EXCHANGE COMMISSION 17 CFR Part 240 [Release No. 34–38860; International Series Release No. 1093; File No. S7–16–97] Regulation of Exchanges AGENCY: Securities and Exchange Commission. ACTION: Extension of the comment period; concept release. SUMMARY: The Securities and Exchange Commission (‘‘Commission’’) is extending from September 2, 1997, to October 3, 1997, the comment period for Securities Exchange Act Release No. 38672 (May 23, 1997), 62 FR 30485 (June 4, 1997). In this release, the Commission reevaluated its approach to, and sought public comment on, the regulation of exchanges and other markets in light of technological advances and the corresponding growth of alternative trading systems and cross￾border trading opportunities. DATES: Comments on the release should be submitted on or before October 3, 1997. ADDRESSES: Interested persons should submit three copies of their written data, views, and opinions to Jonathan G. Katz, Secretary, Securities and Exchange Commission, 450 Fifth Street, N.W., Washington, D.C. 20549. Comments may also be submitted electronically at the following e-mail address: rule￾comments@sec.gov. All comment letters should refer to File No. S7–16–97; this file number should be included on the subject line if comments are submitted using e-mail. All submissions will be available for public inspection and copying at the Commission’s Public Reference Room, Room 1024, 450 Fifth Street, N.W., Washington, D.C. 20549. Electronically submitted comment letters will be posted on the Commission’s Internet web site (http:// www.sec.gov). SUPPLEMENTARY INFORMATION: On May 23, 1997, the Commission issued a concept release soliciting comment on its approach to the regulation of exchanges and other markets in light of technological advances and the corresponding growth of alternative trading systems and cross-border trading opportunities. 1 The Commission sought comments on a broad range of questions concerning the oversight of alternative trading systems, national securities exchanges, foreign market activities in the United States, and other related issues. The Commission requested that comments on the concept release be submitted by September 2, 1997. Recently, the Commission has received requests from interested persons for an extension of time within which to comment on the concept release. In light of the range of issues raised in the concept release 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. 38672 is extended from September 2, 1997, to October 3, 1997. By the Commission. Dated: July 22, 1997. Jonathan G. Katz, Secretary. [FR Doc.
97–19790 Filed 7–25–97; 8:45 am] BILLING CODE 8010–01–P