Notice2021-27656
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To Adopt New Rules 6.1P-O, 6.37AP-O, 6.40P-O, 6.41P-O, 6.62P-O, 6.64P-O, 6.76P-O, and 6.76AP-O and Amendments to Rules 1.1, 6.1-O, 6.1A-O, 6.37-O, 6.65A-O and 6.96-O
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
December 22, 2021
Issuing agencies
Securities and Exchange Commission
Full Text
<html>
<head>
<title>Federal Register, Volume 86 Issue 243 (Wednesday, December 22, 2021)</title>
</head>
<body><pre>
[Federal Register Volume 86, Number 243 (Wednesday, December 22, 2021)]
[Notices]
[Pages 72674-72675]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-27656]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-93797; File No. SR-NYSEArca-2021-47]
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of
Designation of Longer Period for Commission Action on Proceedings To
Determine Whether To Approve or Disapprove a Proposed Rule Change, as
Modified by Amendment No. 1, To Adopt New Rules 6.1P-O, 6.37AP-O,
6.40P-O, 6.41P-O, 6.62P-O, 6.64P-O, 6.76P-O, and 6.76AP-O and
Amendments to Rules 1.1, 6.1-O, 6.1A-O, 6.37-O, 6.65A-O and 6.96-O
December 16, 2021.
On June 21, 2021, NYSE Arca, Inc. (``NYSE Arca'' or the
``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 adopt new Rules 6.1P-O (Applicability), 6.37AP-
O (Market Maker Quotations), 6.40P-O (Pre-Trade and Activity-Based Risk
Controls), 6.41P-O (Price Reasonability Checks--Orders and Quotes),
6.62P-O (Orders and Modifiers), 6.64P-O (Auction Process), 6.76P-O
(Order Ranking and Display), and 6.76AP-O (Order Execution and Routing)
and proposed amendments to Rules 1.1 (Definitions), 6.1-O
(Applicability, Definitions and References), 6.1A-O (Definitions and
References--OX), 6.37-O (Obligations of Market Makers), 6.65A-O (Limit-
Up and Limit-Down During Extraordinary Market Volatility), and 6.96-O
(Operation of Routing Broker) to reflect the implementation of the
Exchange's Pillar trading technology on its options market. The
proposed rule change was published for comment in the Federal Register
on July 9, 2021.\3\
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 92304 (June 30,
2021), 86 FR 36440 (``Notice'').
---------------------------------------------------------------------------
On August 18, 2021, pursuant to Section 19(b)(2) of the Act,\4\ the
Commission designated a longer period within which to approve the
proposed
[[Page 72675]]
rule change, disapprove the proposed rule change, or institute
proceedings to determine whether to approve or disapprove the proposed
rule change.\5\ On September 28, 2021, the Exchange filed Amendment No.
1 to the proposed rule change, which superseded the proposed rule
change as originally filed in its entirety.\6\ On September 29, 2021,
the Commission published the proposed rule change, as modified by
Amendment No. 1, for notice and comment and instituted proceedings to
determine whether to approve or disapprove the proposed rule change, as
modified by Amendment No. 1.\7\ The Commission has received no comments
on the proposed rule change.
---------------------------------------------------------------------------
\4\ 15 U.S.C. 78s(b)(2).
\5\ See Securities Exchange Act Release No. 92696, 86 FR 47350
(August 24, 2021). The Commission designated October 7, 2021, as the
date by which the Commission shall approve or disapprove, or
institute proceedings to determine whether to approve or disapprove,
the proposed rule change.
\6\ Amendment No. 1 is available on the Commission's website at
<a href="https://www.sec.gov/comments/sr-nysearca-2021-47/srnysearca202147-9304467-259869.pdf">https://www.sec.gov/comments/sr-nysearca-2021-47/srnysearca202147-9304467-259869.pdf</a>.
\7\ See Securities Exchange Act Release No. 93193, 86 FR 55926
(October 7, 2021).
---------------------------------------------------------------------------
Section 19(b)(2) of the Act \8\ provides that, after initiating
proceedings, the Commission shall issue an order approving or
disapproving the proposed rule change not later than 180 days after the
date of publication of notice of filing of the proposed rule change.
The Commission may extend the period for issuing an order approving or
disapproving the proposed rule change, however, by not more than 60
days if the Commission determines that a longer period is appropriate
and publishes the reasons for such determination. The proposed rule
change was published for notice and comment in the Federal Register on
July 9, 2021.\9\ January 5, 2022 is 180 days from that date, and March
6, 2022 is 240 days from that date. The Commission finds it appropriate
to designate a longer period within which to issue an order approving
or disapproving 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,\10\ designates March 6, 2022
as the date by which the Commission shall either approve or disapprove
the proposed rule change, as modified by Amendment No. 1 (File No. SR-
NYSEArca-2021-47).
---------------------------------------------------------------------------
\8\ 15 U.S.C. 78s(b)(2).
\9\ See Notice, supra note 3.
\10\ 15 U.S.C. 78s(b)(2).
\11\ 17 CFR 200.30-3(a)(57).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\11\
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-27656 Filed 12-21-21; 8:45 am]
BILLING CODE 8011-01-P
</pre></body>
</html>Indexed from Federal Register on December 22, 2021.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.