Notice2024-30914
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Adopt Temporary Rule 7.34-E(T) and revise Rules 1.1 and 7.34-E to Lengthen the Current Extended Trading Sessions
Primary source
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Published
December 27, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 248 (Friday, December 27, 2024)</title>
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[Federal Register Volume 89, Number 248 (Friday, December 27, 2024)]
[Notices]
[Page 105650]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-30914]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-102002; File No. SR-NYSEARCA-2024-89]
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of
Designation of a Longer Period for Commission Action on a Proposed Rule
Change To Adopt Temporary Rule 7.34-E(T) and revise Rules 1.1 and 7.34-
E to Lengthen the Current Extended Trading Sessions
December 19, 2024.
On October 25, 2024, NYSE Arca, Inc. (``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 change to lengthen the
hours of the extended trading sessions. The proposed rule change was
published for comment in the Federal Register on November 14, 2024.\3\
The Commission has received comments on the proposed rule change.\4\ On
December 13, 2024, the Exchange filed an amendment to the proposed rule
change, which was published for comment.\5\
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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. 101559 (November 7,
2024), 89 FR 90143 (``Initial Proposal'').
\4\ Comments on the proposed rule change are available at
<a href="https://www.sec.gov/comments/sr-nysearca-2024-89/srnysearca202489.htm">https://www.sec.gov/comments/sr-nysearca-2024-89/srnysearca202489.htm</a>.
\5\ See Securities Exchange Act Release No. 101985 (December 19,
2024). Amendment No. 1 superceded and replaced the Initial Proposal.
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Section 19(b)(2) of the Act \6\ 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 29, 2024. The Commission is extending this 45-day time
period.
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\6\ 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 amended by
Amendment No. 1 and the comments received. Accordingly, the Commission,
pursuant to Section 19(b)(2) of the Act,\7\ designates February 12,
2025 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-NYSEARCA-2024-89).
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\7\ Id.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\8\
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\8\ 17 CFR 200.30-3(a)(31).
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Vanessa A. Countryman,
Secretary.
[FR Doc. 2024-30914 Filed 12-26-24; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on December 27, 2024.
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