Year 2000 Readiness Reports To Be Made by Certain Transfer Agents Correction

SECURITIES AND EXCHANGE COMMISSION 17 CFR Part 240 and 249 [Release No. 34–40163A; File No. S7–8–98] RIN 3235–AH42 Year 2000 Readiness Reports To Be Made by Certain Transfer Agents Correction AGENCY: Securities and Exchange Commission. ACTION: Correction to final regulation. SUMMARY: This document contains a correction to final regulation (Rule 17Ad–18), which was published Monday, July 13, 1998 (63 FR 37688). Rule 17Ad–18 requires certain transfer agents to file with the Commission two reports regarding their Year 2000 preparations. EFFECTIVE DATE: The correction becomes effective August 7, 1998. FOR FURTHER INFORMATION CONTACT: Jeffrey Mooney, Special Counsel, 202/ 942–4174, Division of Market Regulation, Securities and Exchange Commission, 450 Fifth Street, NW, Mail Stop 10–1, Washington, DC 20549. SUPPLEMENTARY INFORMATION: Background New Rule 17Ad–18 requires certain transfer agents to file two reports regarding their Year 2000 preparations with the Commission on new Form TA– Y2K. The reports will increase transfer agent awareness of the specific steps they should be taking to prepare for the Year 2000; help coordinate industry testing and contingency planning; supplement the Commission’s examination module for Year 2000 issues and identify potential Year 2000 compliance problems; and provide information regarding the securities industry’s preparedness for the Year 2000. Need for Correction As published, Rule 17Ad–18 contains an error that may prove to be misleading and that needs to be corrected. Correction of Publication Accordingly, the publication on July 13, 1998, of Rule 17Ad–18, which was the subject of FR Doc. 98–18296, is corrected as follows: Appendix A—(Corrected) Appendix A. On page 37697, the first sentence of the first paragraph under the heading Part II is corrected by inserting the word ‘‘not’’ between the words ‘‘are’’ and ‘‘eligible.’’ Dated: August 3, 1998. Jonathan G. Katz, Secretary. [FR Doc. 98–21106 Filed 8–6–98; 8:45 am] BILLING CODE 8010–01–P