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SEC

RIN: 3235-AJ04

Publication ID: Spring 2004

Title: ●Removal From Listing and Registration of Securities Pursuant to Section 12(d) of the Securities Exchange Act of 1934
Abstract: The Commission is proposing to streamline the procedures for removing from listing, and terminating from registration, securities under section 12(d) of the Securities Exchange Act of 1934 ("Exchange Act"). Specifically, the Commission is proposing to amend Rule 12d2-2 and Form 25, so that the Commission would no longer issue an order to remove a security from listing and registration on a national securities exchange. Instead, all issuers and national securities exchanges seeking to delist and deregister a security in accordance with the rules of an exchange would file a revised Form 25 with the Commission. The Commission is also proposing to amend Rule 19d-1 under the Exchange Act to require exchanges to file revised Form 25 as notice to the Commission under section 19(d) of the Exchange Act. Finally, the Commission is proposing to exempt options and security futures from section 12(d) of the Exchange Act.
Agency: Securities and Exchange Commission(SEC)	Priority: Substantive, Nonsignificant
RIN Status: First time published in the Unified Agenda	Agenda Stage of Rulemaking: Proposed Rule Stage
Major: Undetermined	Unfunded Mandates: No
CFR Citation: 17 CFR 240.12d2-2 17 CFR 249.25 17 CFR 240.19d-1
Legal Authority: 15 USC 78C 15 USC 781 15 USC 78W(a)

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	06/00/2004

Regulatory Flexibility Analysis Required: Undetermined	Government Levels Affected: None
Federalism: No
Included in the Regulatory Plan: No
Agency Contact: Ian Kiran Patel Attorney, Division of Market Regulation Securities and Exchange Commission 450 Fifth Street, N.W., Washington, DC 20549 Phone:202 942-0089 Fax:202 942-9553 Email: pateli@sec.gov