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###### Securities and Exchange Commission

          - [Release No. 34-90672; File No. SR-NYSEArca-2020-56]

                    On June 18, 2020, NYSE Arca, Inc. (“Exchange” or “NYSE Arca”) filed with the Securities and Exchange Commission (“Commission”), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act” or “Exchange Act”) [1]                                          and Rule 19b-4 thereunder,[2]                                          a proposed rule change to amend certain listing requirements relating to maintaining a minimum number of beneficial holders and minimum number of shares outstanding. The proposed rule change was published for comment in the                     **Federal Register**                     on July 7, 2020.[3]                                          On August 17, 2020, pursuant to Section                           ( print page 83136)                        19(b)(2) of the Act,[4]                                          the Commission designated a longer period within which to approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether to disapprove the proposed rule change.[5]                                          On October 2, 2020, the Commission instituted proceedings under Section 19(b)(2)(B) of the Act [6]                                          to determine whether to approve or disapprove the proposed rule change.[7]                                          The Commission has received no comment letters on the proposed rule change.                

                    Section 19(b)(2) of the Act [8]                                          provides that, after initiating disapproval proceedings, the Commission shall issue an order approving or disapproving the proposed rule change not later than 180 days after the date of publication of notice of filing of the proposed rule change. The Commission may extend the period for issuing an order approving or disapproving the proposed rule change by not more than 60 days if the Commission determines that a longer period is appropriate and publishes reasons for such determination. The proposed rule change was published for notice and comment in the                     **Federal Register**                     on July 7, 2020. January 3, 2021 is 180 days from that date, and March 4, 2021 is 240 days from that date.                

                    The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,[9]                                          designates March 4, 2021 as the date by which the Commission shall either approve or disapprove the proposed rule change (File No. SR-NYSEArca-2020-56).                

                        For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.[10] 

J. Matthew DeLesDernier,

Assistant Secretary.

# Footnotes

1.                             15 U.S.C. 78s(b)(1).                    
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2.                             17 CFR 240.19b-4.                    
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3.                                                     *See*                         Securities Exchange Act Release No. 89197 (June 30, 2020), 85 FR 40720.                    
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4.                             15 U.S.C. 78s(b)(2).                    
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5.                                                     *See*                         Securities Exchange Act Release No. 89584, 85 FR 51817 (August 21, 2020).                    
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6.                             15 U.S.C. 78s(b)(2)(B).                    
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7.                                                     *See*                         Securities Exchange Act Release No. 90075, 86 FR 63597 (October 8, 2020).                    
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8.                             15 U.S.C. 78s(b)(2).                    
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9.                                                     *Id.*
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10.                                 17 CFR 200.30-3(a)(31).                        
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[FR Doc. 2020-28007 Filed 12-18-20; 8:45 am]

BILLING CODE 8011-01-P