Notice2025-14024
Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend FINRA Rule 6730 (Transaction Reporting)
Primary source
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Published
July 25, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 141 (Friday, July 25, 2025)</title>
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[Federal Register Volume 90, Number 141 (Friday, July 25, 2025)]
[Notices]
[Page 35348]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-14024]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-103515; File No. SR-FINRA-2025-008]
Self-Regulatory Organizations; Financial Industry Regulatory
Authority, Inc.; Notice of Designation of a Longer Period for
Commission Action on a Proposed Rule Change To Amend FINRA Rule 6730
(Transaction Reporting)
July 22, 2025.
On June 10, 2025, 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 amend FINRA Rule 6730 (Transaction Reporting)
to maintain the currently effective 15-minute outer limit timeframe for
reporting TRACE-eligible securities covered by File No. SR-FINRA-2024-
004 and to provide an alternative for reporting and dissemination in
connection with specified allocations of an aggregate order in a TRACE-
eligible security to multiple managed customer accounts. The proposed
rule change was published for comment in the Federal Register on June
20, 2025.\3\
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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. 103270 (June 16,
2025), 90 FR 26382 (June 20, 2025). Comments on the proposed rule
change are available at <a href="https://www.sec.gov/comments/sr-finra-2025-008/srfinra2025008.htm">https://www.sec.gov/comments/sr-finra-2025-008/srfinra2025008.htm</a>.
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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 August 4, 2025. The Commission is extending this 45-day time period.
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\4\ 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, the issues raised
therein, and the comments received. Accordingly, the Commission,
pursuant to Section 19(b)(2) of the Act,\5\ designates September 18,
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-FINRA-2025-008).
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\5\ 15 U.S.C. 78s(b)(2).
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)(31).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-14024 Filed 7-24-25; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on July 25, 2025.
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