Release No. 34-39538A

International Series Rel. No. 1111A

63 Fed. Reg. 15286 - Mar. 31, 1998

Amendments to Beneficial Ownership Reporting Requirements; Correction

ACTION: Correction to final rules.

SUMMARY: This document contains corrections to the final regulations which were published on January 16, 1998 [63 FR 2854] relating to the beneficial ownership reporting requirements.

EFFECTIVE DATE: March 31, 1998.

FOR FURTHER INFORMATION CONTACT: Dennis O. Garris, Chief, Office of Mergers and Acquisitions, Division of Corporation Finance, Securities and Exchange Commission at (202) 942-2920, 450 Fifth Street N.W., Washington, D.C. 20549.

SUPPLEMENTARY INFORMATION: The Commission adopted amendments on January 12, 1998, to its rules relating to the reporting of beneficial ownership in publicly-held companies. As published, the final regulations contain errors with respect to the implementation of the amendments to the existing rules and forms. In this release, the rules and forms containing such errors are being corrected.

Accordingly, the publication on January 16, 1998, of the final regulations

[[Page 15287]]

relating to the beneficial ownership reporting requirements which were the subject of FR Doc. 98-1084 is corrected as follows:

Sec. 240.13d-1 [Corrected]

1. On page 2866, first column, amend the first line in paragraph (d) after the words ''Any person who'' to add the words '', as of the end of any calendar year,''.

Sec. 240.13d-101 [Corrected]

2. On page 2867, third column, second line, ''240.13d-7(b)'' is corrected to read ''Rule 13d-7''.

3. On page 2867, third column, amendment 6a is added preceding amendment 7 to read as follows:

6a. Amend Sec. 240.13d-101 to revise the chart in Instruction (14) for Cover Page and in Item 7 revise the reference to ''Rule 13d-1(f) (Sec. 240.13d-1(f))'' to read ''Rule 13d-1(k)''.

Sec. 240.13d-101 Schedule 13D--Information to be included in statements filed pursuant to Sec. 240.13d-1(a) and amendments thereto filed pursuant to Sec. 240.13d-2(a).

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Instructions for Cover Page

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(14) Type of Reporting Person * * *

* * * * *

Sec. 240.13d-102 [Corrected]

4. On page 2867, third column, ''[ ] Rule 13d-(c)'' following the text that reads ''Check the appropriate box to designate the rule pursuant to which this Schedule is filed;'' is corrected to read ''[ ] Rule 13d-1(c)''.

5. On page 2868, second column, amendment 7a is added preceding amendment 8 to read as follows:

7a. Amend Sec. 240.13d-102 by revising the chart in Instruction (12) for Cover Page and revise Item 7 to read as follows:

Sec. 240.13d-102 Schedule 13G--Information to be included in statements filed pursuant to Sec. 240.13d-1 (b) and (c) and amendments thereto filed pursuant to Sec. 240.13d-2(d).

* * * * *

Instructions for Cover Page

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(12) Type of Reporting Person * * *

* * * * *

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company or control person has filed this schedule pursuant to Rule 13d- 1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. * * * * *

6. On page 2868, first column, 9th line, ''Rule 13d-1(c)'' is corrected to read ''Rule 13d-1(d)''.

7. On page 2868, first column, Item 3, the last sentence which reads ''If this statement is filed pursuant to Sec. 240.13d-1(c), check this box. [ ]'' is removed.

8. On page 2868, second column, Item 8, the reference to ''Item 3(h)'' in the third line is corrected to read ''Item 3(j)'' and in the 7th line, ''Sec. 240.13d-1(d)'' is corrected to read ''Rule 13d-1(c) or Rule 13d-1(d)''.

10. On page 2868, second column, in the 4th line of the Note, ''Sec. 240.13d-7(b)'' is corrected to read ''Rule 13d-7''.

Dated: March 25, 1998.