Notice2023-13003
Self-Regulatory Organizations; NYSE American LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Change To Amend Rule 915 (Criteria for Underlying Securities) To Accelerate the Listing of Options on Certain IPOs
Primary source
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Published
June 20, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 117 (Tuesday, June 20, 2023)</title>
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[Federal Register Volume 88, Number 117 (Tuesday, June 20, 2023)]
[Notices]
[Page 39895]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-13003]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-97717; File No. SR-NYSEAMER-2023-27]
Self-Regulatory Organizations; NYSE American LLC; Notice of
Designation of a Longer Period for Commission Action on a Proposed
Change To Amend Rule 915 (Criteria for Underlying Securities) To
Accelerate the Listing of Options on Certain IPOs
June 13, 2023.
On April 21, 2023, NYSE American LLC (``NYSE American'') 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
American Rule 915 (Criteria for Underlying Securities) to accelerate
the listing of options on certain initial public offerings. The
proposed rule change was published for comment in the Federal Register
on May 1, 2023.\3\ One comment letter was received on the proposed rule
change.\4\
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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. 97374 (Apr. 25,
2023), 88 FR 26634.
\4\ See Letter from Ellen Greene, Managing Director, Equities &
Options Market Structure, SIFMA, to Vanessa Countryman, Secretary,
Commission (May 16, 2023), available at <a href="https://www.sec.gov/comments/sr-nyseamer-2023-27/srnyseamer202327.htm">https://www.sec.gov/comments/sr-nyseamer-2023-27/srnyseamer202327.htm</a>.
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Section 19(b)(2) of the Act \5\ 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 (i) as the Commission may
designate if it finds such longer period to be appropriate and
publishes its reasons for so finding or (ii) 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 June 15, 2023. The Commission is extending
this 45-day time period.
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\5\ 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 and the
comments received. Accordingly, pursuant to Section 19(b)(2) of the
Act,\6\ the Commission designates July 30, 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 (File No. SR-NYSEAMER-2023-27).
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\6\ Id.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\7\
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\7\ 17 CFR 200.30-3(a)(31).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-13003 Filed 6-16-23; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on June 20, 2023.
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