Self-Regulatory Organizations; Notice of Extension of Comment Period for Proposed Rule Change by the National Association of Securities Dealers, Inc. Relating to NAqcess System and Accompanying Rules of Fair Practice

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-36720; File No. SR-NASD-95-42]

Self-Regulatory Organizations; Notice of Extension of Comment

Period for Proposed Rule Change by the National Association of

Securities Dealers, Inc. Relating to NAqcess System and Accompanying

Rules of Fair Practice

January 16, 1996.

On December 1, 1995, the Commission published for notice and

comment a proposed rule change filed by the National Association of

Securities Dealers, Inc. (``NASD'') regarding the introduction of the

Nasdaq Stock Market's NAqcess system, a new system designed to replace

the Small Order Execution System (``SOES'').1 In the release, the

Commission requested that comments on the NAqcess proposal be received

by January 16, 1996.

\1\ Securities Exchange Act Release No. 36548 (December 1,

1995), 60 FR 63092 (December 8, 1995).

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Recently, Commission staff have received requests from interested

persons for an extension of time within which to comment on the NAqcess

proposal. 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 NAqcess proposal, 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. 36548 is hereby extended from

January 16, 1996, until January 26, 1996.

For the Commission, by the Division of Market Regulation,

pursuant to delegated authority.2

\2\ 17 CFR 200.30-3(a)(12).

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Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 96-736 Filed 1-17-96; 3:35 pm]

BILLING CODE 8010-01-P