Notice2022-09852
Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Withdrawal of Proposed Rule Change To Amend NYSE Rules 7.31, 7.35, 7.35B, 7.35C, 98, and 104 Relating to the Closing Auction
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
May 9, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 89 (Monday, May 9, 2022)</title>
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[Federal Register Volume 87, Number 89 (Monday, May 9, 2022)]
[Notices]
[Pages 27669-27670]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-09852]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-94835; File No. SR-NYSE-2021-44]
Self-Regulatory Organizations; New York Stock Exchange LLC;
Notice of Withdrawal of Proposed Rule Change To Amend NYSE Rules 7.31,
7.35, 7.35B, 7.35C, 98, and 104 Relating to the Closing Auction
May 3, 2022.
On September 3, 2021, New York Stock Exchange LLC (``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 Rules 7.31 (Orders and Modifiers), 7.35 (General), 7.35B
(DMM-Facilitated Closing Auctions), 7.35C (Exchange-Facilitated
Auctions), 98 (Operation of a DMM Unit), and 104 (Dealings and
Responsibilities of DMMs) relating to the Closing Auction. The proposed
rule change was published for comment in the Federal Register on
September 22, 2021.\3\
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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. 93037 (Sept. 16,
2021), 86 FR 52719 (Sept. 22, 2021) (SR-NYSE-2021-44).
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On November 1, 2021, pursuant to Section 19(b)(2) of the Act,\4\
the Commission extended the time period within which to approve the
proposed rule change, disapprove the proposed rule change, or institute
proceedings to
[[Page 27670]]
determine whether to approve or disapprove the proposed rule change to
December 21, 2021.\5\ On December 17, 2021, the Commission instituted
proceedings under Section 19(b)(2)(B) of the Act \6\ to determine
whether to approve or disapprove the proposed rule change.\7\ On March
17, 2022, the Commission extended the time for Commission action on
proceedings to approve or disapprove the proposed rule change to May
20, 2022.\8\ The Commission received two comment letters on the
proposal.\9\
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\4\ 15 U.S.C. 78s(b)(2).
\5\ See Securities Exchange Act Release No. 93488 (Nov. 1,
2021), 86 FR 61352 (Nov. 5, 2021).
\6\ 15 U.S.C. 78s(b)(2)(B).
\7\ See Securities Exchange Act Release No. 93809 (Dec. 17,
2021), 86 FR 73060 (Dec. 23, 2021).
\8\ See Securities Exchange Act Release No. 94457 (Mar. 17,
2022), 87 FR 16539 (Mar. 23, 2022).
\9\ See Anonymous Letter (Sept. 27, 2021); Letter from Richard
Grant, General Counsel, GTS Securities LLC, to J. Matthew
DeLesDernier, Assistant Secretary, Commission (Mar. 16, 2022). The
comments received are available at <a href="https://www.sec.gov/comments/sr-nyse-2021-44/srnyse202144.htm">https://www.sec.gov/comments/sr-nyse-2021-44/srnyse202144.htm</a>.
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On April 26, 2022, the Exchange withdrew the proposed rule change
(File No. SR-NYSE-2021-44).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\10\
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\10\ 17 CFR 200.30-3(a)(12).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-09852 Filed 5-6-22; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on May 9, 2022.
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