View Rule

View EO 12866 Meetings

Printer-Friendly Version Download RIN Data in XML

SEC

RIN: 3235-AF54

Publication ID: Fall 1995

Title: Distributions of Securities: Limitations on Trading and Stabilizing
Abstract: The Commission has issued a concept release regarding a review of Rules 10b-6, 10b-7, and 10b-8. Rule 10b-6 prohibits persons engaged in a distribution of securities from bidding for or purchasing, or inducing others to purchase, such securities, any security of the same class and series as those securities, or any right to purchase any such security, until they have completed their participation in the distribution. Rule 10b-7 governs stabilizing activities to facilitate distributions of securities and Rule 10b-8 governs certain activities during distributions of securities through rights. This review examines both the domestic application of those rules as well as the extraterritorial effect of their application on multinational securities distributions. This review also addresses such issues as distribution and stabilization practices in the U.S. and abroad, and the impact of the rules on activities in foreign jurisdictions.
Agency: Securities and Exchange Commission(SEC)	Priority: Substantive, Nonsignificant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Proposed Rule Stage
CFR Citation: 17 CFR 240.10b-6 17 CFR 240.10b-7 17 CFR 240.10b-8
Legal Authority: 15 USC 78b 15 USC 78c 15 USC 78i(a) 15 USC 78j(b) 15 USC 78m(e) 15 USC 78o(c)

Timetable:

Action	Date	FR Cite
ANPRM	04/26/1994	59 FR 21681
ANPRM Comment Period End	08/12/1994
NPRM	12/00/1995

Regulatory Flexibility Analysis Required: Undetermined	Government Levels Affected: Undetermined
Included in the Regulatory Plan: No
Agency Contact: Nancy J. Sanow Division of Trading and Markets Securities and Exchange Commission 100 F Street NE, Washington, DC 20549 Phone:202 551-5621 Email: sanown@sec.gov