Notice2022-11201
Joint Industry Plan; Notice of Designation of a Longer Period for Commission Action on the Fifty-First Amendment to the Joint Self-Regulatory Organization Plan Governing the Collection, Consolidation and Dissemination of Quotation and Transaction Information for Nasdaq-Listed Securities Traded on Exchanges on an Unlisted Trading Privileges Basis
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 25, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 101 (Wednesday, May 25, 2022)</title>
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[Federal Register Volume 87, Number 101 (Wednesday, May 25, 2022)]
[Notices]
[Page 31922]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-11201]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-94954; File No. S7-24-89]
Joint Industry Plan; Notice of Designation of a Longer Period for
Commission Action on the Fifty-First Amendment to the Joint Self-
Regulatory Organization Plan Governing the Collection, Consolidation
and Dissemination of Quotation and Transaction Information for Nasdaq-
Listed Securities Traded on Exchanges on an Unlisted Trading Privileges
Basis
May 19, 2022.
On November 5, 2021,\1\ the Participants \2\ in the Joint Self-
Regulatory Organization Plan Governing the Collection, Consolidation
and Dissemination of Quotation and Transaction Information for Nasdaq-
Listed Securities Traded on Exchanges on an Unlisted Trading Privileges
Basis (``Nasdaq/UTP Plan'' or ``Plan'') \3\ filed with the Securities
and Exchange Commission (``Commission''), pursuant to Section 11A of
the Securities Exchange Act of 1934 (``Act'') \4\ and Rule 608 of
Regulation National Market System (``NMS'') thereunder,\5\ a proposal
(``Proposed Amendment'') to amend the Nasdaq/UTP Plan. The Proposed
Amendment was published for comment in the Federal Register on November
26, 2021.\6\
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\1\ See Letter from Robert Books, Chair, UTP Operating
Committee, to Vanessa Countryman, Secretary, Commission (Nov. 5,
2021).
\2\ The Participants are: Cboe BYX Exchange, Inc., Cboe BZX
Exchange, Inc., Cboe EDGA Exchange, Inc., Cboe EDGX Exchange, Inc.,
Cboe Exchange, Inc., Financial Industry Regulatory Authority, Inc.,
The Investors' Exchange LLC, Long-Term Stock Exchange, Inc., MEMX
LLC, MIAX PEARL, LLC, Nasdaq BX, Inc., Nasdaq ISE, LLC, Nasdaq PHLX,
Inc., The Nasdaq Stock Market LLC, New York Stock Exchange LLC, NYSE
American LLC, NYSE Arca, Inc., NYSE Chicago, Inc., and NYSE
National, Inc. (collectively, the ``Participants'').
\3\ The Plan governs the collection, processing, and
dissemination on a consolidated basis of quotation information and
transaction reports in Eligible Securities for its Participants. The
Plan serves as the required transaction reporting plan for its
Participants, which is a prerequisite for their trading Eligible
Securities. See Securities Exchange Act Release No. 55647 (Apr. 19,
2007), 72 FR 20891 (Apr. 26, 2007).
\4\ 15 U.S.C. 78k-1.
\5\ 17 CFR 242.608.
\6\ See Securities Exchange Act Release No. 93620 (Nov. 19,
2021), 86 FR 67541 (Nov. 26, 2021) (``Notice''). Comments received
in response to the Notice can be found on the Commission's website
at <a href="https://www.sec.gov/comments/s7-24-89/s72489.htm">https://www.sec.gov/comments/s7-24-89/s72489.htm</a>.
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On February 24, 2022, the Commission instituted proceedings
pursuant to Rule 608(b)(2)(i) of Regulation NMS \7\ to determine
whether to approve or disapprove the Proposed Amendment or to approve
the Proposed Amendment with any changes or subject to any conditions
the Commission deems necessary or appropriate after considering public
comment.\8\ Rule 608(b)(2)(i) of Regulation NMS provides that such
proceedings shall be concluded within 180 days of the date of the
publication of notice of the plan or amendment and that the time for
conclusion of such proceedings may be extended for up to 60 days (up to
240 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 a
longer period.\9\ The 180th day after publication of the Notice for the
Proposed Amendment is May 25, 2022. The Commission is extending this
180-day period.
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\7\ 17 CFR 242.608(b)(2)(i).
\8\ See Securities Exchange Act Release No. 94308 (Feb. 24,
2022), 87 FR 11755 (Mar. 2, 2022) (``OIP''). Comments received in
response to the OIP can be found on the Commission's website at
<a href="https://www.sec.gov/comments/s7-24-89/s72489.htm">https://www.sec.gov/comments/s7-24-89/s72489.htm</a>.
\9\ 17 CFR 242.608(b)(2)(i).
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The Commission finds that it is appropriate to designate a longer
period within which to conclude proceedings regarding the Proposed
Amendment so that it has sufficient time to consider the Proposed
Amendment and the comments received. Accordingly, pursuant to Rule
608(b)(2)(i) of Regulation NMS,\10\ the Commission designates July 24,
2022 as the date by which the Commission shall conclude the proceedings
to determine whether to approve or disapprove the Proposed Amendment or
to approve the Proposed Amendment with any changes or subject to any
conditions the Commission deems necessary or appropriate (File No. S7-
24-89).
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\10\ Id.
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For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\11\
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\11\ 17 CFR 200.30-3(a)(85).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-11201 Filed 5-24-22; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on May 25, 2022.
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