Self-Regulatory Organizations; BATS Y-Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Establish a New Market Data Product Called the BATS One Feed
Federal Register, Volume 79 Issue 182 (Friday, September 19, 2014)
Federal Register Volume 79, Number 182 (Friday, September 19, 2014)
Notices
Page 56419
From the Federal Register Online via the Government Printing Office www.gpo.gov
FR Doc No: 2014-22338
Page 56419
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SECURITIES AND EXCHANGE COMMISSION
Release No. 34-73102; File No. SR-BYX-2014-011
Self-Regulatory Organizations; BATS Y-Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Establish a New Market Data Product Called the BATS One Feed
September 15, 2014.
On July 18, 2014, BATS Y-Exchange, Inc. (``Exchange'' or ``BYX'') filed with the Securities and Exchange Commission (``Commission''), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ a proposed rule change to establish a new market data product called the BATS One Feed. The proposed rule change was published for comment in the Federal Register on August 1, 2014.\3\ No comments on the proposal have been received.\4\
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 72690 (July 28, 2014), 79 FR 44929.
\4\ But see Letter from Sal Arnuk and Joe Saluzzi, Themis Trading LLC, to Elizabeth M. Murphy, Secretary, Commission, dated August 21, 2014 (SR-BATS-2014-028); Letter from Ira D. Hammerman, General Counsel, SIFMA, to Kevin M. O'Neill, Deputy Secretary, Commission, dated August 22, 2014 (SR-BATS-2014-028) (letters commenting on a companion BATS filing that proposes to offer the same feed).
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Section 19(b)(2) of the Act \5\ provides that, within 45 days of the publication of notice of the filing of a proposed rule change, or within such longer period up to 90 days as the Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding, or as to which the self-regulatory organization consents, the Commission shall either approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether the proposed rule change should be disapproved. The Commission is extending this 45-day time period.
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\5\ 15 U.S.C. 78s(b)(2).
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The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the comments received on a similar companion proposal. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,\6\ designates October 30, 2014, as the date by which the Commission shall either approve or disapprove or institute proceedings to determine whether to disapprove the proposed rule change (File No. SR-BYX-2014-011).
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\6\ Id.
For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\7\
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\7\ 17 CFR 200.30-3(a)(57).
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Kevin M. O'Neill,
Deputy Secretary.
FR Doc. 2014-22338 Filed 9-18-14; 8:45 am
BILLING CODE 8011-01-P
