Notice2023-08984
Self-Regulatory Organizations; Long-Term Stock Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change, as Modified by Amendment No. 1, To Establish Listing Standards Related to Recovery of Erroneously Awarded Incentive-Based Executive Compensation
Primary source
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Published
April 28, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 82 (Friday, April 28, 2023)</title>
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[Federal Register Volume 88, Number 82 (Friday, April 28, 2023)]
[Notices]
[Page 26349]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-08984]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-97365; File No. SR-LTSE-2023-01]
Self-Regulatory Organizations; Long-Term Stock Exchange, Inc.;
Notice of Designation of a Longer Period for Commission Action on
Proposed Rule Change, as Modified by Amendment No. 1, To Establish
Listing Standards Related to Recovery of Erroneously Awarded Incentive-
Based Executive Compensation
April 24, 2023.
On February 27, 2023, Long-Term Stock Exchange, Inc. (``LTSE'' 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 to adopt Listing Standards for the recovery of
erroneously awarded compensation, as required by Rule 10D-1 of the Act.
On March 9, 2023, the Exchange filed Amendment No. 1 to the proposed
rule change, which replaced and superseded the proposed rule change as
originally filed. The proposed rule change, as modified by Amendment
No. 1, was published for comment in the Federal Register on March 17,
2023.\3\ The Commission has received no comments on the proposal, as
modified by Amendment No. 1.
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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. 97123 (March 13,
2023), 88 FR 16487.
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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 May 1, 2023. 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 it 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, as modified by
Amendment No. 1. Accordingly, the Commission, pursuant to Section
19(b)(2) of the Act,\5\ designates June 15, 2023, as the date by which
the Commission shall either approve or disapprove, or institute
proceedings to determine whether to disapprove, the proposed rule
change, as modified by Amendment No. 1 (File No. SR-LTSE-2023-01).
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\5\ 15 U.S.C. 78s(b)(2).
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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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-08984 Filed 4-27-23; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on April 28, 2023.
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