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In order t h a t persons a f f e c t e d by Regu1 a t i o n I of the Federal Reserve Board might have
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a d d i t i o n a l time a f t e r October 1# 1934, w i t h i n which
t o f a m i l i a r i z e themselves with t h i s r e g u l a t i o n , t h e
S e c u r i t i e s and Exchange Commission, a t t h e r e q u e s t
of t h e Federal Reserve Board, has exempted, u n t i l
midnight of October 14, 1934, from the p r o v i s i o n s
of s e c t i o n 7 and subsection ( a ) of s e c t i o n 8 of t h e
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S e c u r i t i e s Exchange Act of 1934 a l l s e c u r i t i e s not

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exempted by t h e law, whether r e g i s t e r e d or n o t .




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