Notice2022-14065
Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Expand TRACE Reporting Requirements to Trades in U.S. Dollar-Denominated Foreign Sovereign Debt Securities
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
July 1, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 126 (Friday, July 1, 2022)</title>
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[Federal Register Volume 87, Number 126 (Friday, July 1, 2022)]
[Notices]
[Page 39575]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-14065]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-95161; File No. SR-FINRA-2022-011]
Self-Regulatory Organizations; Financial Industry Regulatory
Authority, Inc.; Notice of Designation of a Longer Period for
Commission Action on a Proposed Rule Change To Expand TRACE Reporting
Requirements to Trades in U.S. Dollar-Denominated Foreign Sovereign
Debt Securities
June 27, 2022.
On May 6, 2022, the Financial Industry Regulatory Authority, Inc.
(``FINRA'') 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 certain rules in the Rule 6700 Series
(Trade Reporting and Compliance Engine (TRACE)) to require members to
report to TRACE transactions in U.S. dollar-denominated foreign
sovereign debt securities for regulatory purposes. The proposed rule
change was published for comment in the Federal Register on May 17,
2022.\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. 94891 (May 11,
2022), 87 FR 29980 (May 17, 2022). Comments received on the proposed
rule change are available at <a href="https://www.sec.gov/comments/sr-finra-2022-011/srfinra2022011.htm">https://www.sec.gov/comments/sr-finra-2022-011/srfinra2022011.htm</a>.
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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 this proposed rule change
is July 1, 2022.
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\4\ 15 U.S.C. 78s(b)(2).
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The Commission is extending this 45-day time period. The Commission
finds that it is appropriate to designate a longer period within which
to take action on the proposed rule change in order to consider the
proposed rule change and the comments received on the proposal.
Accordingly, the Commission, pursuant to Section 19(b)(2) of the
Act,\5\ designates August 15, 2022, as the date by which the Commission
shall either approve or disapprove, or institute proceedings to
determine whether to disapprove, the proposed rule change (File No. SR-
FINRA-2022-011).
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\5\ Id.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\6\
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\6\ 17 CFR 200.30-3(a)(31).
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Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2022-14065 Filed 6-30-22; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on July 1, 2022.
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