Notice2025-02681
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend Rule 7.31-E To Adopt the Selective Midpoint Order
Primary source
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Published
February 18, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 31 (Tuesday, February 18, 2025)</title>
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[Federal Register Volume 90, Number 31 (Tuesday, February 18, 2025)]
[Notices]
[Page 9782]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-02681]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-102401; File No. SR-NYSEARCA-2024-112]
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of
Designation of a Longer Period for Commission Action on a Proposed Rule
Change To Amend Rule 7.31-E To Adopt the Selective Midpoint Order
February 11, 2025.
On December 18, 2024, NYSE Arca, Inc. (``NYSE Arca'' 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 change to amend NYSE Arca Rule 7.31-E to adopt the
Selective Midpoint Order. The proposed rule change was published for
comment in the Federal Register on December 30, 2024.\3\ The Commission
has received comments 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. 102005 (Dec. 19,
2024), 89 FR 106630.
\4\ Comments received on the proposed rule change are available
at: <a href="https://www.sec.gov/comments/sr-nysearca-2024-112/srnysearca2024112.htm">https://www.sec.gov/comments/sr-nysearca-2024-112/srnysearca2024112.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 February 13, 2025. 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 March 30, 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-2024-112).
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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. 2025-02681 Filed 2-14-25; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on February 18, 2025.
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