Notice2025-16367
In the Matter of the Application of Dream Exchange Holdings, Inc. for Registration as a National Securities Exchange; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Grant or Deny an Application for Registration as a National Securities Exchange Under Section 6 of the Securities Exchange Act of 1934
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
August 27, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 164 (Wednesday, August 27, 2025)</title>
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[Federal Register Volume 90, Number 164 (Wednesday, August 27, 2025)]
[Notices]
[Page 41847]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-16367]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-103767; File No. 10-00248]
In the Matter of the Application of Dream Exchange Holdings, Inc.
for Registration as a National Securities Exchange; Notice of
Designation of a Longer Period for Commission Action on Proceedings To
Determine Whether To Grant or Deny an Application for Registration as a
National Securities Exchange Under Section 6 of the Securities Exchange
Act of 1934
August 22, 2025.
On February 14, 2025, Dream Exchange Holdings, Inc. (``DreamEx'')
filed with the Securities and Exchange Commission (``Commission'') a
Form 1 application (``Form 1'') under the Securities Exchange Act of
1934 (``Act''), seeking registration as a national securities exchange
under section 6 of the Act.\1\ Notice of the application was published
for comment in the Federal Register on March 3, 2025.\2\ The Commission
received no comments on the Form 1. On May 30, 2025, the Commission
instituted proceedings pursuant to section 19(a)(1)(B) of the Act \3\
to determine whether to grant or deny DreamEx's application for
registration as a national securities exchange under section 6 of the
Act.\4\ On July 8, 2025, DreamEx filed an amendment to the Form 1
(``Amendment No. 1'').\5\ Amendment No. 1 was published for comment in
the Federal Register on July 14, 2025.\6\ On July 16, 2025, DreamEx
filed Amendment No. 2 to the Form 1 (``Amendment No. 2'').\7\ The
Commission received no comments on the Form 1, as amended by Amendment
Nos. 1 and 2.
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\1\ 15 U.S.C. 78f.
\2\ See Securities Exchange Act Release No. 102484 (Feb. 25,
2025), 90 FR 11078 (Mar. 3, 2025) (``Notice'').
\3\ 15 U.S.C. 78s(a)(1)(B).
\4\ See Securities Exchange Act Release No. 103157 (May 30,
2025), 90 FR 23751 (June 4, 2025).
\5\ Amendment No. 1 is available on the Commission's website at:
<a href="https://www.sec.gov/rules-regulations/other-commission-orders-notices-information/dream-exchange-form-1">https://www.sec.gov/rules-regulations/other-commission-orders-notices-information/dream-exchange-form-1</a>.
\6\ See Securities Exchange Act Release No. 103430 (July 9,
2025), 90 FR 31310 (July 14, 2025).
\7\ Amendment No. 2 is available on the Commission's website at:
<a href="https://www.sec.gov/rules-regulations/other-commission-orders-notices-information/dream-exchange-form-1">https://www.sec.gov/rules-regulations/other-commission-orders-notices-information/dream-exchange-form-1</a>.
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Section 19(a)(1)(B) of the Act provides that proceedings instituted
to determine whether to deny an application for registration as a
national securities exchange shall be concluded within 180 days of the
date of a publication of notice of the filing of the application for
registration.\8\ At the conclusion of such proceedings, the Commission,
by order, shall grant or deny such registration.\9\ The Commission may
extend the time for conclusion of such proceedings for up to 90 days if
it finds good cause for such extension and publishes its reasons for so
finding.\10\ The Notice was published for comment in the Federal
Register on March 3, 2025.\11\ The 180th day after publication of the
Notice is August 30, 2025. The Commission is extending the time period
for granting or denying DreamEx's application for registration as a
national securities exchange for an additional 90 days.
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\8\ 15 U.S.C. 78s(a)(1)(B).
\9\ Id.
\10\ Id.
\11\ See supra note 2 and accompanying text.
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The Commission finds good cause for extending the period for
granting or denying DreamEx's application for registration as a
national securities exchange because the extension will provide
additional time for the Commission to assess whether DreamEx's Form 1
satisfies the requirements of the Act and the rules and regulations
thereunder.
Accordingly, the Commission, pursuant to section 19(a)(1)(B) of the
Act,\12\ designates November 28, 2025, as the date by which the
Commission shall either grant or deny DreamEx's Form 1.
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\12\ 15 U.S.C. 78s(a)(1)(B).
By the Commission.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2025-16367 Filed 8-26-25; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on August 27, 2025.
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