WASHINGTON -- Goldman, Sachs & Co. can remarket $70 million of variable-rate demand bonds without complying with the agency's disclosure rule, the staff of the Securities and Exchange Commission said last week.

Robert Colby, SEC general counsel for market regulation, said Goldman can remarket the 1985 Regents of the University of Minnesota bonds without having to obtain and review a copy of a near-final official statement -- as required by Rule 15c2-12 -- as long as it markets the securities in minimal $100,000 lots.

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