The Regulation of Securities Offerings

SECURITIES AND EXCHANGE COMMISSION

17 CFR Part 200, 202, 210, 228, 229, 230, 232, 239, 240 and 249

[Release Nos. 33-7659; 34-41207; IC-23751; File No. S7-30-98]

RIN 3235-AG83

The Regulation of Securities Offerings

AGENCY: Securities and Exchange Commission.

ACTION: Proposed Rule; Extension of Comment Period.

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SUMMARY: The Securities and Exchange Commission is extending the

comment period for its proposals to modernize and clarify the

regulatory structure for offerings under the Securities Act of 1933.

Those proposals are in Securities Act Release No. 7606A (11/13/98), 63

FR 67174 (12/4/98) (the ``Proposing Release''). The original comment

deadline established by the Proposing Release was April 5, 1999. The

new deadline is June 30, 1999.

DATES: Public comments are due on or before June 30, 1999.

ADDRESSES: Please send three copies of your comments to Jonathan G.

Katz, Secretary, U.S. Securities and Exchange Commission, Mail Stop

0609, 450 Fifth Street, NW, Washington, DC 20549-0609. You can send

comment letters electronically to the following e-mail address: rule-

[email protected]. The comment letter should refer to File Number S7-30-

98. If you use e-mail, include this file number in the subject line.

Anyone can inspect and copy comment letters in the Commission's Public

Reference Room, 450 Fifth Street, NW, Washington, DC 20549. We will

post comment letters submitted electronically on our Internet site

(http://www.sec.gov).

FOR FURTHER INFORMATION CONTACT: Anita Klein at (202) 942-2980 or David

Maltz at (202) 942-1921, Division of Corporation Finance, U.S.

Securities and Exchange Commission, Washington, DC 20549.

SUPPLEMENTARY INFORMATION: On November 13, 1998, the Commission issued

the Proposing Release. It describes proposals to modernize and clarify

the regulatory structure for offerings under the Securities Act of 1933

while maintaining investor protection. The proposals covered five major

topics: Registration system reform; communications around the time of

an offering; prospectus delivery requirements; integration of private

and public offerings; and periodic reporting under the Securities

Exchange Act of 1934. The deadline for submitting public comments

established by the Proposing Release was April 5, 1999. The Commission

has received requests to extend the deadline. We are therefore

extending the comment period to June 30, 1999, so that commenters have

adequate time to address the issues raised by the Proposing Release.

Dated: March 24, 1999.

By the Commission.

Jonathan G. Katz,

Secretary.

[FR Doc. 99-7684 Filed 3-29-99; 8:45 am]

BILLING CODE 8010-01-P