Amendments to Regulations for the Government Securities Act of 1986

DEPARTMENT OF THE TREASURY

Office of the Under Secretary for Domestic Finance

17 CFR Parts 404 and 405

RIN 1505-AA53

Amendments to Regulations for the Government Securities Act of

1986

agency: Office of the Under Secretary for Domestic Finance, Treasury.

action: Notice of extension of time for submission of comments.

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summary: This document extends until May 24, 1995, the deadline for the

submission of comments on the Advance Notice of Proposed Rulemaking

addressing large position reporting for Treasury securities. The

extension is at the request of a trade association representing

government securities brokers and dealers. The advance notice was

published in the Federal Register on January 24, 1995 (60 FR 4576) and

comments were to be received on or before April 24, 1995.

dates: Comments must be submitted on or before May 24, 1995.

addresses: Comments should be sent to: Government Securities

Regulations Staff, Bureau of the Public Debt, Department of the

Treasury, Room 515, 999 E Street NW., Washington, DC 20239-0001.

Comments received will be available for public inspection and copying

at the Treasury Department Library, Room 5030, Main Treasury Building,

1500 Pennsylvania Avenue NW., Washington, DC 20220.

for further information contact: Ken Papaj (Director) or Don Hammond

(Assistant Director) at 202-219-3632.

supplementary information: The Government Securities Act Amendments of

1993 granted Treasury the authority to prescribe large position

recordkeeping and reporting rules for certain Treasury securities. An

advance notice of proposed rulemaking was published to advise market

participants of our intention to issue large position recordkeeping and

reporting regulations, describe the purposes of, and objectives to be

achieved by, such rules and identify key elements related to any rule

proposal. The notice invited comments, advice and recommendations from

interested parties and requested that they address specific questions.

The Department has received a request for a 30 day extension of the

comment period from a trade association representing approximately 300

government securities brokers and dealers (Public Securities

Association, PSA). PSA has requested the extension in order to permit

the association to obtain additional information from its membership

and more fully discuss the issues at its annual meeting during the last

week of April. Given the limited additional time requested, the

Department agrees to extend the comment period until May 24, 1995.

Dated: April 19, 1995.

Frank N. Newman,

Deputy Secretary.

[FR Doc. 95-10128 Filed 4-21-95; 8:45 am]

BILLING CODE 4810-39-M