Self-Regulatory Organizations; NYSE MKT LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change Amending the Definition of “Block” for Purposes of Rule 72(d)-Equities and the Size of a Proposed Cross Transaction Eligible for the Cross Function in Rule 76-Equities

Federal Register, Volume 81 Issue 108 (Monday, June 6, 2016)

Federal Register Volume 81, Number 108 (Monday, June 6, 2016)

Notices

Page 36367

From the Federal Register Online via the Government Publishing Office www.gpo.gov

FR Doc No: 2016-13211

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SECURITIES AND EXCHANGE COMMISSION

Release No. 34-77951; File No. SR-NYSEMKT-2016-49

Self-Regulatory Organizations; NYSE MKT LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change Amending the Definition of ``Block'' for Purposes of Rule 72(d)--Equities and the Size of a Proposed Cross Transaction Eligible for the Cross Function in Rule 76--Equities

May 31, 2016.

On April 22, 2016, NYSE MKT LLC (``Exchange'' or ``NYSE MKT'') 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 amend its rules relating to pre-opening indications and opening procedures. The proposed rule change was published for comment in the Federal Register on May 3, 2016.\3\ The Commission has received no comments on the proposed rule change.

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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. 77734 (Apr. 27, 2016), 81 FR 26598.

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Section 19(b)(2) of the Act \4\ 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 45th day after publication of the notice for this proposed rule change is June 17, 2016. The Commission is extending this 45-day time period.

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\4\ 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. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,\5\ designates August 1, 2016, as the date by which the Commission should either approve or disapprove or institute proceedings to determine whether to disapprove the proposed rule change (File Number SR-NYSEMKT-2016-49).

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\5\ 15 U.S.C. 78s(b)(2).

For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\6\

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\6\ 17 CFR 200.30-3(a)(31).

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Brent J. Fields,

Secretary.

FR Doc. 2016-13211 Filed 6-3-16; 8:45 am

BILLING CODE 8011-01-P