Document Headings

                    Document headings vary by document type but may contain                    the following:                  
                -                       the agency or agencies that issued and signed a document                    
                -                       the number of the CFR title and the number of each part                      the document amends, proposes to amend, or is directly                      related to                    
                -                       the agency docket number / agency internal file number                    
                -                       the RIN which identifies each regulatory action listed in                      the Unified Agenda of Federal Regulatory and Deregulatory                      Actions                    

                    See the                                          Document Drafting Handbook                                        for more details.                  

###### Securities and Exchange Commission

          - [Release No. 34-74116; File No. 10-214]

      ( print page 4321)    
                    On July 7, 2014, Automated Matching Systems Exchange, LLC (“AMSE”) submitted to the Securities and Exchange Commission (“Commission”) an application seeking a limited volume exemption under Section 5 of the Securities Exchange Act (“Exchange Act”) from registration as a national securities exchange under Section 6 of the Exchange Act.[1]                                          Notice of AMSE's exemption application was published for comment in the                     **Federal Register**                     on July 29, 2014.[2]                                          On October 23, 2014, the Commission issued an order instituting proceedings to determine whether to grant or deny AMSE's exemption application.[3]                                          On November 10, 2014, AMSE submitted Amendment No. 1 to its exemption application. Notice of Amendment No. 1 to AMSE's exemption application was published for comment in the                     **Federal Register**                     on December 30, 2014.[4] 

                    Section 19(a) of the Exchange Act provides that the Commission shall, upon the filing of an application for registration as a national securities exchange pursuant to Section 6 of the Exchange Act,[5]                                          publish notice of such filing and afford interested persons an opportunity to submit written data, views, and arguments concerning such application, and within 90 days of the date of publication of such notice (or within such longer period as to which the applicant consents), by order grant such registration or institute proceedings to determine whether such registration should be denied. Such proceedings must be concluded within 180 days of the date of a publication of notice of the filing of the application for registration.[6]                                          However, 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 or for such longer period as to which the applicant consents. AMSE's exemption application was published for notice and comment in the                     **Federal Register**                     on July 29, 2014.[7]                                          The 180th day after publication of the notice of AMSE's exemption application in the                     **Federal Register**                     is January 25, 2014, and the 270th day after publication of the notice of AMSE's exemption application in the                     **Federal Register**                     is April 25, 2015.                

                    The Commission finds that good cause exists to extend the time for conclusion of the proceedings to determine whether to grant or deny AMSE's exemption application in order for the Commission to have sufficient time to consider AMSE's amended exemption application, including any comment letters received on AMSE's amended exemption application.[8]                                          Accordingly, pursuant to Section 19(a)(1)(B) of the Exchange Act, the Commission extends the time for conclusion of the proceedings to determine whether to grant or deny AMSE's exemption application to April 24, 2015.                

By the Commission.

Brent J. Fields, 

Secretary.

# Footnotes

1.                             The Commission notes that AMSE's application only seeks a limited volume exemption under Section 5 of the Exchange Act from registration as a national securities exchange under Section 6 of the Exchange Act. AMSE's application does not seek to register as a national securities exchange.                    
        Back to Citation      

2.                                                     *See*                         Securities Exchange Act Release No. 72661 (July 23, 2014), 79 FR 44070 (“Notice”).                    
        Back to Citation      

3.                                                     *See*                         Securities Exchange Act Release No. 73419 (October 23, 2014), 79 FR 64421 (October 29, 2014) (“Order Instituting Proceedings”).                    
        Back to Citation      

4.                                                     *See*                         Securities Exchange Act Release No. 73991 (December 22, 2014), 79 FR 78507 (action by delegated authority) (“Amendment Notice”).                    
        Back to Citation      

5.                             AMSE's exemption application has been filed pursuant to Section 5 of the Exchange Act. The Commission is affording AMSE's exemption application a process similar to that for exchange registration applications under Section 19(a) of the Exchange Act.                    
        Back to Citation      

6.                                                     *See id.*                         and Section 19(a) of the Exchange Act.                    
        Back to Citation      

7.                                                     *Id.*
        Back to Citation      

8.                                                     *See supra*                         note 4.                    
        Back to Citation      

[FR Doc. 2015-01426 Filed 1-26-15; 8:45 am]

BILLING CODE 8011-01-P