Order approving a proposed rule change of the Securities Investor Protection Corporation.
Category
proposed-rule
Agency
US Securities and Exchange Commission
Publication date
1997-03-07
Effective date
1997-04-07
Docket
Release No. SIPA-163
Abstract
The Securities and Exchange Commission (``Commission'') is approving a rule change submitted by the Securities Investor Protection Corporation (``SIPC'') as required by Section 3(e)(2) of the Securities Investor Protection Act of 1970 (``SIPA''). SIPC's proposed rule change amends two Series 300 SIPC Rules relating to the closeout and completion of contracts for the purchase or sale of securities made by debtors in liquidation under SIPA. Because SIPC rules have the force and effect as if promulgated by the Commission, those rules are published in Title 17 of the Code of Federal Regulations (``CFR'').