[Federal Register Volume 85, Number 248 (Monday, December 28, 2020)]
[Notices]
[Page 84446]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-28508]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-90723; File No. SR-NYSE-2020-93]


Self-Regulatory Organizations; New York Stock Exchange LLC, 
Notice of Designation of a Longer Period for Commission Action on a 
Proposed Rule Change to Amend Rules 7.35 and 7.35A

December 18, 2020.
    On November 3, 2020, New York Stock Exchange LLC (``NYSE'' 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 (1) amend Rule 7.35 to make permanent that the 
Exchange would disseminate Auction Imbalance Information if a security 
is an IPO or Direct Listing and has not had its IPO Auction or Direct 
Listing Auction; and (2) amend Rule 7.35A regarding consultations in 
connection with an IPO or Direct Listing. The proposed rule change was 
published for comment in the Federal Register on November 17, 2020.\3\ 
The Commission has received no comment letters on the proposed rule 
change.
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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. 90387 (Nov. 10, 
2020), 85 FR 73322 (Nov.17, 2020) (SR-NYSE-2020-93).
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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 propose rule change, or within 
such longer period up to 90 days as the Commission may designate if it 
find such longer period to be appropriate and published 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 the proposed rule change 
is January 1, 2021. The Commission is extending this 45-day period.
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    \4\ 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. 
Accordingly, pursuant to Section 19(b)(2) of the Act,\5\ the Commission 
designates February 15, 2021, as the date by which the Commission shall 
either approve or disapprove, or institute proceedings to determine 
whether to approve or disapprove, the proposed rule change (File No. 
SR-NYSE-2020-93).
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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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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-28508 Filed 12-23-20; 8:45 am]
BILLING CODE 8011-01-P