Notice2024-15670
Joint Industry Plan; Notice of Designation of a Longer Period for Commission Action on a Proposed National Market System Plan Regarding Consolidated Equity Market Data
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 17, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 137 (Wednesday, July 17, 2024)</title>
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[Federal Register Volume 89, Number 137 (Wednesday, July 17, 2024)]
[Notices]
[Pages 58235-58236]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-15670]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-100500; File No. 4-757]
Joint Industry Plan; Notice of Designation of a Longer Period for
Commission Action on a Proposed National Market System Plan Regarding
Consolidated Equity Market Data
July 11, 2024.
On October 23, 2023, Cboe BYX Exchange, Inc., Cboe BZX Exchange,
Inc., Cboe EDGA Exchange, Inc., Cboe EDGX Exchange, Inc., Cboe
Exchange, Inc., Investors Exchange LLC, Long Term Stock Exchange, Inc.,
MEMX LLC, MIAX PEARL, LLC, Nasdaq BX, Inc., Nasdaq ISE, LLC, Nasdaq
PHLX LLC, Nasdaq Stock Market LLC, New York Stock Exchange LLC, NYSE
American LLC, NYSE Arca, Inc., NYSE Chicago, Inc., NYSE National, Inc.,
and Financial Industry Regulatory Authority, Inc. filed with the
Securities and Exchange Commission (``Commission'') a proposed new
single national market system plan governing the public dissemination
of real-time consolidated equity market data for national market system
stocks (the ``CT Plan''). The proposed CT Plan was published for
comment in the Federal Register on January 25, 2024.\1\
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\1\ See Joint Industry Plan; Notice of Filing of a National
Market System Plan Regarding Consolidated Equity Market Data,
Securities Exchange Act Release No. 99403 (Jan. 19, 2024), 89 FR
5002 (Jan. 25, 2024) (``Notice''). Comments received in response to
the Notice can be found on the Commission's website at: <a href="https://www.sec.gov/comments/4-757/4-757.htm">https://www.sec.gov/comments/4-757/4-757.htm</a>.
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[[Page 58236]]
On April 23, 2024, the Commission instituted proceedings pursuant
to Rule 608(b)(2)(i) of Regulation NMS \2\ under the Exchange Act to
determine whether to approve or disapprove the proposed CT Plan or to
approve the proposed CT Plan with any changes or subject to any
conditions the Commission deems necessary or appropriate after
considering public comment.\3\ Rule 608(b)(2)(i) of Regulation NMS
provides that such proceedings shall be concluded within 180 days of
the date of 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.\4\ The 180th day after publication of the Notice for
the proposed CT Plan is July 23, 2024. The Commission is extending this
180-day period.
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\2\ 17 CFR 242.608(b)(2)(i).
\3\ See Joint Industry Plan; Order Instituting Proceedings to
Determine Whether to Approve or Disapprove a National Market System
Plan Regarding Consolidated Equity Market Data, Securities Exchange
Act Release No. 100017 (Apr. 23, 2024), 89 FR 33412 (Apr. 29, 2024)
(``OIP''). Comments received in response to the OIP can be found on
the Commission's website at: <a href="https://www.sec.gov/comments/4-757/4-757.htm">https://www.sec.gov/comments/4-757/4-757.htm</a>.
\4\ See 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 CT
Plan so that it has sufficient time to consider the proposed CT Plan
and the comments received. Accordingly, pursuant to Rule 608(b)(2)(i)
of Regulation NMS,\5\ the Commission designates September 21, 2024, as
the date by which the Commission shall conclude the proceedings to
determine whether to approve or disapprove the proposed CT Plan or to
approve the proposed CT Plan with any changes or subject to any
conditions the Commission deems necessary or appropriate (File No. 4-
757).
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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)(85).
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J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2024-15670 Filed 7-16-24; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on July 17, 2024.
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