Self-Regulatory Organizations; Municipal Securities Rulemaking Board, Notice of Extension of Comment Period Relating to Political Contributions and Prohibitions on Municipal Securities Business

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-33583; File No. SR-MSRB-94-02]

Self-Regulatory Organizations; Municipal Securities Rulemaking

Board, Notice of Extension of Comment Period Relating to Political

Contributions and Prohibitions on Municipal Securities Business

February 4, 1994.

On January 12, 1994, the Municipal Securities Rulemaking Board

(``MSRB'') filed with the Securities and Exchange Commission

(``Commission'') a proposed rule change (File No. SR-MSRB-94-02),

pursuant to section 19(b)(1) of the Securities Exchange Act of 1934

(``Act''), 15 U.S.C. 78s(b)(1), and Rule 29b-4 thereunder. The MSRB

filed the proposal to adopt rules relating to political contributions

and prohibitions on municipal securities business. Notice of the

proposed rule change was provided by the issuance of a Commission

release, Securities Exchange Act Release No. 33482 (January 14, 1994),

and by publication in the Federal Register, 59 FR 3389 (January 21,

1994).

The Commission received a request for extension of the period for

public comment on the proposed rule change.\1\ The Commission finds

that the complexity and significance of the filing dictates a longer

comment period to ensure complete analysis of the proposal.\2\ Thus,

the Commission finds good cause, pursuant to section 19(b)(2) of the

Act, to extend the period for comment.

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\1\Letter from Jeffrey L. Esser, Executive Director, Government

Finance Officers Association, to Jonathan G. Katz, Secretary,

Commission, (January 31, 1994).

\2\The MSRB did not object to the Commission extending the

comment period. Letter from Ron Smith, Secretary, MSRB, to Kathy

England, Assistant Director, Division of Market Regulation,

Commission, (February 4, 1994).

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The Commission hereby extends the period for public comment on the

proposed rule change for a period of 30 days, until March 11, 1994.

For the Commission, by the Division of Market Regulation,

pursuant to delegated authority, 17 CFR 200.30-3(a)(12).

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 94-3153 Filed 2-9-94; 8:45 am]

BILLING CODE 8010-01-M