Notice2021-12439
Joint Industry Plan; Notice of Designation of a Longer Period for Commission Action on a Proposed National Market System Plan Regarding Consolidated Equity Market Data
Primary source
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Published
June 14, 2021
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 86 Issue 112 (Monday, June 14, 2021)</title>
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[Federal Register Volume 86, Number 112 (Monday, June 14, 2021)]
[Notices]
[Page 31543]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-12439]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-92130; File No. 4-757]
Joint Industry Plan; Notice of Designation of a Longer Period for
Commission Action on a Proposed National Market System Plan Regarding
Consolidated Equity Market Data
June 9, 2021.
On August 11, 2020, Cboe BYX Exchange, Inc., Cboe BZX Exchange,
Inc., Cboe EDGA Exchange, Inc., Cboe EDGX Exchange, Inc., Cboe
Exchange, Inc., Investors Exchange LLC, Long Term Stock Exchange, Inc.,
MEMX LLC, Nasdaq BX, Inc., Nasdaq ISE, LLC, Nasdaq PHLX LLC, Nasdaq
Stock Market LLC, New York Stock Exchange LLC, NYSE American LLC, NYSE
Arca, Inc., NYSE Chicago, Inc., NYSE National, Inc., and Financial
Industry Regulatory Authority, Inc. filed with the Securities and
Exchange Commission (``Commission'') a proposed new single national
market system plan governing the public dissemination of real-time
consolidated equity market data for national market system stocks (the
``CT Plan''). The proposed CT Plan was published for comment in the
Federal Register on October 13, 2020.\1\
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\1\ See Notice of Filing of a National Market System Plan
Regarding Consolidated Equity Market Data, Securities Exchange Act
Release No. 90096 (Oct. 6, 2020), 85 FR 64565 (Oct. 13, 2020) (File
No. 4-757) (``Notice''). Comments received in response to the Notice
can be found on the Commission's website at <a href="https://www.sec.gov/comments/4-757/4-757.htm">https://www.sec.gov/comments/4-757/4-757.htm</a>.
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On January 11, 2021, the Commission instituted proceedings to
determine whether to approve or disapprove the CT Plan.\2\ On April 8,
2021, pursuant to Rule 608(b)(2)(i) of Regulation NMS,\3\ the
Commission extended the period within which to conclude proceedings
regarding the proposed CT Plan to 240 days from the date of publication
of the Notice.\4\
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\2\ See Order Instituting Proceedings to Determine Whether to
Approve or Disapprove a National Market System Plan Regarding
Consolidated Equity Market Data, Securities Exchange Act Release No.
90885 (Jan. 11, 2021), 86 FR 4142 (Jan. 15, 2021) (File No. 4-757).
\3\ See 17 CFR 242.608(b)(2)(i).
\4\ See Securities Exchange Act Release No. 91504 (Apr. 8,
2021), 85 FR 19667 (Apr. 14, 2021) (File No. 4-757).
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Rule 608(b)(2)(ii) of Regulation NMS provides that the time for
conclusion of proceedings to determine whether a national market system
plan or proposed amendment should be disapproved may be extended for an
additional period up to 60 days (up to 300 days from the date of notice
publication) if the Commission determines that a longer period is
appropriate and publishes the reasons for such determination or the
plan participants consent to the longer period.\5\ The 240th day after
publication of the Notice for the proposed CT Plan is June 10, 2021.
The Commission is extending this 240-day period.
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\5\ See 17 CFR 242.608(b)(2)(ii).
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The Commission finds that it is appropriate to designate a longer
period within which to conclude proceedings regarding the proposed CT
Plan so that it has sufficient time to consider the complex and
important issues raised by proposed CT Plan and the extensive public
comments received. Accordingly, pursuant to Rule 608(b)(2)(ii) of
Regulation NMS,\6\ the Commission designates August 9, 2021, as the
date by which the Commission shall conclude the proceedings to
determine whether to approve or disapprove the proposed CT Plan (File
No. 4-757).
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\6\ Id.
By the Commission.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-12439 Filed 6-11-21; 8:45 am]
BILLING CODE 8011-01-P
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