Release No. 34-41453B

International Series Rel. No. 1198B

64 Fed. Reg. 31493 - June 11, 1999

Exemption of the Securities of the Kingdom of Sweden Under the Securities Exchange Act of 1934 for Purposes of Trading Futures Contracts on Those Securities; Correction

ACTION: Correction to final rule.

SUMMARY: This document contains a correction to the final rule that was published on June 2, 1999 (64 FR 29550). The regulation relates to the designation of debt obligations issued by the Kingdom of Sweden as ''exempted securities'' for the purpose of marketing and trading futures contracts on those securities in the United States.

EFFECTIVE DATE: June 2, 1999.

FOR FURTHER INFORMATION CONTACT: Joshua Kans, Attorney, Office of Market Supervision (''OMS''), Division of Market Regulation (''Division''), Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-1001, at 202/942-0079.

SUPPLEMENTARY INFORMATION: On May 26, 1999, the Commission issued a final rule amending Rule 3a12-8 to designate debt obligations issued by the Kingdom of Sweden as ''exempted securities'' for the purpose of marketing and trading futures contracts on those securities in the United States. The amendment became effective on June 2, 1999, when the Federal Register published the final rule.

As published, the final regulation contains an error which may prove to be misleading and is in need of clarification.

Accordingly, the publication on June 2, 1999 of the final regulation that was the subject of FR Doc. 99-13927 is corrected as follows:

PART 240--[CORRECTED]

On page 29553, in the text beginning on the second column and continuing onto the third column, the mandatory language for amendment 2 is corrected to read:

''2. Section 240.3a12-8 is amended by removing the word ''or'' at the end of paragraph (a)(1)(xix), removing the period at the end of paragraph (a)(1)(xx) and adding '';or'' in its place, and adding paragraph (a)(1)(xix), to read as follows:''

Dated: June 7, 1999.