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###### Securities and Exchange Commission

          - [Release No. 34-91011; File No. SR-NYSE-2020-98]

                    On November 30, 2020, New York Stock Exchange LLC 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 its rules to prohibit member organizations from seeking reimbursement from issuers for forwarding proxy and other materials to beneficial owners who received shares of a security from their broker at no cost or at a price substantially less than the market price in connection with a promotion by the broker. The proposed rule change was published for comment in the                     **Federal Register**                     on December 18, 2020.[3] 

                    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 February 1, 2021. The Commission is extending this 45-day time period.                

                    The Commission finds that it is appropriate to designate a longer period within which to take action on the proposal so that it has sufficient time to consider the proposed rule change and the comments received. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,[5]                                          designates March 18, 2021, 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-NYSE-2020-98).                

                        For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.[6] 

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. 90653 (December 14, 2020), 85 FR 82539. Certain comments filed in response to File No. SR-NYSE-2020-96 by Paul Conn, President, Global Capital Markets, Computershare, dated January 11, 2021, and Niels Holch, Executive Director, Shareholder Communications Coalition, dated January 20, 2021, also address this proposed rule change. These comments on the proposed rule change are available at:                         *https://www.sec.gov/​comments/​sr-nyse-2020-96/​srnyse202096.htm*.                    
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4.                             15 U.S.C. 78s(b)(2).                    
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5.                                                     *Id.*
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6.                                 17 CFR 200.30-3(a)(31).                        
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[FR Doc. 2021-02264 Filed 2-3-21; 8:45 am]

BILLING CODE 8011-01-P