Notice2022-03018
Self-Regulatory Organizations; New York Stock Exchange LLC, Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend the Provisions of Rule 7.35B
Primary source
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Published
February 14, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 30 (Monday, February 14, 2022)</title>
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[Federal Register Volume 87, Number 30 (Monday, February 14, 2022)]
[Notices]
[Page 8305]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-03018]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 94181; File No. SR-NYSE-2021-74]
Self-Regulatory Organizations; New York Stock Exchange LLC,
Notice of Designation of a Longer Period for Commission Action on a
Proposed Rule Change To Amend the Provisions of Rule 7.35B
February 8, 2022.
On December 14, 2021, New York Stock Exchange LLC (``NYSE'') 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 NYSE
Rule 7.35B relating to the cancellation of MOC, LOC, and Closing IO
Orders before the Closing Auction. The proposed rule change was
published for comment in the Federal Register on December 29, 2021.\3\
The Commission has received no comments on the proposal.
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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. 93849 (Dec. 22,
2021), 86 FR 74204 (Dec. 29, 2021 (``Notice'').
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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 the proposed rule change
is February 12, 2022. 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.\5\
Accordingly, the Commission, pursuant to Section 19(b)(2) of the
Act,\6\ designates March 29, 2022, as the date by which the Commission
shall either approve or disapprove, or institute proceedings to
determine whether to approve or disapprove, the proposed rule change
(File No. SR-NYSE-2021-74).
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\5\ The Commission notes that the exchange has a different
pending proposed rule change that also relates to the NYSE Closing
Auction. See Securities Exchange Act Release No. 93809 (Dec. 17,
2022), 86 FR 73060 (Dec. 23, 2021) (File No. SR-NYSE-2021-44) (Order
Instituting Proceedings).
\6\ Id.
\7\ 17 CFR 200.30-3(a)(31).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\7\
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-03018 Filed 2-11-22; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on February 14, 2022.
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