Year 2000 Readiness Reports To Be Made by Certain Transfer Agents Correction
SECURITIES AND EXCHANGE COMMISSION
17 CFR Part 240
(Release No. 34-40163A; File No. S7-8-98)
Year 2000 Readiness Reports to be made by certain transfer agents
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 upon publication in the Federal Register.
FOR FURTHER INFORMATION CONTACT: Jeffrey Mooney, Special Counsel, 202/942-4174, Division of Market Regulation, Securities and Exchange Commission, 450 Fifth Street, N.W., Mail Stop 10-1, Washington, D.C. 20549.
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:
§ 17Ad-18 (Corrected)
Jonathan G. Katz
date of publication in Federal Register
63 FR 42229