[Federal Register Volume 89, Number 187 (Thursday, September 26, 2024)]
[Notices]
[Page 78950]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-22001]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-101125; File No. 4-757]


Joint Industry Plan; Notice of Designation of a Longer Period for 
Commission Action on a Proposed National Market System Plan Regarding 
Consolidated Equity Market Data

September 20, 2024.
    On October 23, 2023, Cboe BYX Exchange, Inc., Cboe BZX Exchange, 
Inc., Cboe EDGA Exchange, Inc., Cboe EDGX Exchange, Inc., Cboe 
Exchange, Inc., Investors Exchange LLC, Long Term Stock Exchange, Inc., 
MEMX LLC, MIAX PEARL, LLC, Nasdaq BX, Inc., Nasdaq ISE, LLC, Nasdaq 
PHLX LLC, Nasdaq Stock Market LLC, New York Stock Exchange LLC, NYSE 
American LLC, NYSE Arca, Inc., NYSE Chicago, Inc., NYSE National, Inc., 
and the Financial Industry Regulatory Authority, Inc. filed with the 
Securities and Exchange Commission (``Commission''), pursuant to 
section 11A of the Securities Exchange Act of 1934 \1\ and Rule 608 of 
Regulation National Market System (``Regulation NMS'') thereunder,\2\ a 
proposed new single national market system plan governing the public 
dissemination of real-time consolidated equity market data for national 
market system stocks (the ``CT Plan''). The proposed CT Plan was 
published for comment in the Federal Register on January 25, 2024.\3\
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    \1\ 15 U.S.C. 78k-1.
    \2\ 17 CFR 242.608.
    \3\ See Joint Industry Plan; Notice of Filing of a National 
Market System Plan Regarding Consolidated Equity Market Data, 
Securities Exchange Act Release No. 99403 (Jan. 19, 2024), 89 FR 
5002 (Jan. 25, 2024) (``Notice'').
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    On April 23, 2024, the Commission instituted proceedings pursuant 
to Rule 608(b)(2)(i) of Regulation NMS,\4\ to determine whether to 
approve or disapprove the proposed CT Plan or to approve the proposed 
CT Plan with any changes or subject to any conditions the Commission 
deems necessary or appropriate.\5\ On July 11, 2024, pursuant to Rule 
608(b)(2)(i) of Regulation NMS,\6\ the Commission extended the period 
within which to conclude proceedings regarding the proposed CT Plan to 
240 days from the date of publication of the Notice.\7\
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    \4\ 17 CFR 242.608(b)(2)(i).
    \5\ See Joint Industry Plan; Order Instituting Proceedings to 
Determine Whether to Approve or Disapprove a National Market System 
Plan Regarding Consolidated Equity Market Data, Securities Exchange 
Act Release No. 100017 (Apr. 23, 2024), 89 FR 33412 (Apr. 29, 2024) 
(``OIP''). Comments received in response to the OIP can be found on 
the Commission's website at: https://www.sec.gov/comments/4-757/4-757.htm.
    \6\ 17 CFR 242.608(b)(2)(i).
    \7\ See Joint Industry Plan; Notice of Designation of a Longer 
Period for Commission Action on a Proposed National Market System 
Plan Regarding Consolidated Equity Market Data, Securities Exchange 
Act Release No. 100500 (Jul. 11, 2024), 89 FR 58235 (Jul. 17, 2024).
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    Rule 608(b)(2)(ii) of Regulation NMS provides that the time for 
conclusion of proceedings to determine whether a national market system 
plan or proposed amendment should be disapproved may be extended for an 
additional period up to 60 days (up to 300 days from the date of notice 
publication) if the Commission determines that a longer period is 
appropriate and publishes the reasons for such determination or the 
plan participants consent to the longer period.\8\ The 240th day after 
publication of the Notice for the proposed CT Plan is September 21, 
2024. The Commission is extending this 240-day period.
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    \8\ 17 CFR 242.608(b)(2)(ii).
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    The Commission finds that it is appropriate to designate a longer 
period within which to conclude proceedings regarding the proposed CT 
Plan so that it has sufficient time to consider important issues raised 
by the proposed CT Plan and the comments received.\9\ Accordingly, 
pursuant to Rule 608(b)(2)(ii) of Regulation NMS,\10\ the Commission 
designates November 20, 2024, as the date by which the Commission shall 
conclude the proceedings to determine whether to approve or disapprove 
the proposed CT Plan or to approve the proposed CT Plan with any 
changes or subject to any conditions the Commission deems necessary or 
appropriate (File No. 4-757).
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    \9\ Comments received in response to the Notice can be found on 
the Commission's website at: https://www.sec.gov/comments/4-757/4-757.htm.
    \10\ 17 CFR 242.608(b)(2)(ii).

    By the Commission.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-22001 Filed 9-25-24; 8:45 am]
BILLING CODE 8011-01-P