Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change To Amend Rule 7.44-E, the Exchange's Retail Liquidity Program

 
CONTENT

Federal Register, Volume 83 Issue 240 (Friday, December 14, 2018)

Federal Register Volume 83, Number 240 (Friday, December 14, 2018)

Notices

Page 64381

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

FR Doc No: 2018-27082

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SECURITIES AND EXCHANGE COMMISSION

Release No. 34-84772; File No. SR-NYSEArca-2018-77

Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change To Amend Rule 7.44-E, the Exchange's Retail Liquidity Program

December 10, 2018.

On October 26, 2018, NYSE Arca, Inc. (``NYSE Arca'' or ``Exchange'') 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 Exchange Rule 7.44-E, which sets forth the Exchange's Retail Liquidity Program. The proposed rule change was published for comment in the Federal Register on November 14, 2018.\3\ The Commission has received no comment letters 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. 84547 (Nov. 7, 2018), 83 FR 56890.

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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 December 29, 2018. 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 it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider this proposed rule change. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,\5\ designates February 12, 2019, 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-NYSEArca-2018-77).

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\5\ Id.

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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Eduardo A. Aleman,

Deputy Secretary.

FR Doc. 2018-27082 Filed 12-13-18; 8:45 am

BILLING CODE 8011-01-P