The Waterbury Democrat., 1934-08-13
Chairman Kennedy
 Tells Market Rules
(Continued from Page 1)

rom Page 1)
 l12 co, (D), (E) upon the follow ing conditions:
 l. That the issuer or any person who is a successor to the odiginal issuer or who has assumed the original issuer's obligations with respect to the security in question, or who owns or leases property on which property is a lien, shall flle with the exchange at least two signed duplicate originals of an ap- plication on Form and such fur ther duplicate originals as the ex- change may require.
 2. That the exchange shall file with the commission on behalf of the application one of the signed duplicate originals of such appli- cation.
 Rule J E 2. Application for temporary registration of special classes of securities in addition to the Provisions of Rule E 1, any security which is listed on the ex- change at the time of registration of such exchange as a national securities exchange becomes cffec- tive, the issuer of which CD is in process of reorganization pursuant to Section 77 or 77B of the bank ruptcy act, CD is in bankruptcy or receivership, (3) is a foreign gov ernment or subdivision thereof, (4) or is foreign corporation and such other securities as to which the exchange shall certify and the commission shall deter mine that special circumstances ex- ist justifying the registration of such securities pursuant to this rule for the protection of inves- tors in such securities-may be granted temporary registration on the exchange on which 1t is listed upon the filing of an application with the commission by the ex- change on Form 3.
 Rule JE 3. Exemptions as to special classes of securities, under authority of section (a), CPD and section 12 Gel, any security which is listed on an exchange at the time of registration of such exchange as d national securities exchange becomes effective and any issuer of such security shall be exempted from the provisions of section 13 and 16 and shall al- so be exempted from the necessity of applying for temporary registra- tion under rule JE l, on condition that upon application of the eX- change on which such security is listed the commission orders that such security be granted tempo rary registration in accordance with rule JE ?. Such security shall for all other purposes, be consid- cred a security registered on a national securities exchange" with in the meaning of the act.
 Rule JE 1. Effective date of temporary registration of securi- ties. (a) Registration of security of an exchange, for which applica- ton has been made pursuant to rule JE l, shall become effective at the time the registration of the exchange as a national securities exchange becomes effective or on October l, 1884, whichever date is later, if (D pursuant to rule JE 1, the application for regist ration of such security is received by the exchange and a signed duplicate original thereof is forwarded to the commission by the exchange and received by the commission on or before September 15, 1884. and CD the commission does not by order deny the application. If the signed duplicate original of the applica- tion l not received by the com mission on or before September l5, 1884, registration shall become effective upon such date as the commission shall by order deter mine.
 D rf.,k, to, AH t,, on an exchange, for which appli- cation has been made pursuant to Rule J l. 2, shall become effective at the time the registration of the exchange as national securities exchange becomes effective or on October 1, 1884, whicheverlis is later, if CD pursuant to rule l.. ?, the application for registration is re- ceived by the commission on or be- fore September Is, 1884, and CD the commission does not by order deny the application. If such ap- plication is not received by the commission on or before Septembe 15, 1884, registration shall become effective upon such date as the commission shall by order deter mine.
 Rule E 5. Duration of tenn porary registration. Registration of any security which shall have be- come effective pursuant to rule l. 4 shall expire at midnight June 30. 1885, but the commission may by rules or regulations or by order cause any registration to ex- pire upon failure of the issuer to register or apply for registra tion of the security pursuant to section 12 (B), co and (D) by such date as the commission may prescribe by rules and regulations or by order made public 90 days prior to such date; provided that no rule or reg ulation of the commission alterin; or adding to the obligations of any issuer. upon whose application temporary registration has been granted pursuant to rule J E 1. or of it's officers. directors or security holders. shall become effective un. til 30 days after such rule or reg ulation has been made public by the commission. and that such tenn corary reeistration shall expire Upon the teriiination of such 30 days if within such period the is- suer makes request therefor to the commission.
 Rule KC 1. Reports by issners