Notice2023-28325
Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change Relating to Dissemination of Information on Individual Transactions in U.S. Treasury Securities and Related Fees
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
December 26, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 246 (Tuesday, December 26, 2023)</title>
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[Federal Register Volume 88, Number 246 (Tuesday, December 26, 2023)]
[Notices]
[Page 88997]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-28325]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-99204; File No. SR-FINRA-2023-015]
Self-Regulatory Organizations; Financial Industry Regulatory
Authority, Inc.; Notice of Designation of Longer Period for Commission
Action on Proposed Rule Change Relating to Dissemination of Information
on Individual Transactions in U.S. Treasury Securities and Related Fees
December 19, 2023.
On November 2, 2023, 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 (1) amend FINRA Rules 6710 and 6750 to provide
that FINRA will disseminate information on individual transactions in
U.S. Treasury Securities that are On-the-Run Nominal Coupons reported
to FINRA's Trade Reporting and Compliance Engine (``TRACE'') on an end-
of-day basis with specified dissemination caps for large trades, and
(2) amend FINRA Rule 7730 to include U.S. Treasury Securities within
the existing fee structure for end-of-day and historic TRACE data. The
proposed rule change was published for comment in the Federal Register
on November 9, 2023.\3\ 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 December 24, 2023. The Commission is
extending this 45-day time period for Commission action. 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, the Commission
designates February 7, 2024, as the date by which the Commission shall
approve or disapprove, or institute proceedings to determine whether to
disapprove, the proposed rule change (File No. SR-FINRA-2023-015).
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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. 98859 (November 3,
2023), 88 FR 77388. Comments received on the proposed rule change
are available at: <a href="https://www.sec.gov/comments/sr-finra-2023-015/srfinra2023015.htm">https://www.sec.gov/comments/sr-finra-2023-015/srfinra2023015.htm</a>.
\4\ 15 U.S.C. 78s(b)(2).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\5\
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\5\ 17 CFR 200.30-3(a)(31).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-28325 Filed 12-22-23; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on December 26, 2023.
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