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[Federal Register Volume 89, Number 248 (Friday, December 27, 2024)]
[Notices]
[Page 105650]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-30914]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-102002; File No. SR-NYSEARCA-2024-89]

Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change To Adopt Temporary Rule 7.34-E(T) and revise Rules 1.1 and 7.34-
E to Lengthen the Current Extended Trading Sessions

December 19, 2024.
    On October 25, 2024, NYSE Arca, Inc. (``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 lengthen the 
hours of the extended trading sessions. The proposed rule change was 
published for comment in the Federal Register on November 14, 2024.\3\ 
The Commission has received comments on the proposed rule change.\4\ On 
December 13, 2024, the Exchange filed an amendment to the proposed rule 
change, which was published for comment.\5\
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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. 101559 (November 7, 
2024), 89 FR 90143 (``Initial Proposal'').
    \4\ Comments on the proposed rule change are available at 
https://www.sec.gov/comments/sr-nysearca-2024-89/srnysearca202489.htm.
    \5\ See Securities Exchange Act Release No. 101985 (December 19, 
2024). Amendment No. 1 superceded and replaced the Initial Proposal.
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    Section 19(b)(2) of the Act \6\ 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 December 29, 2024. The Commission is extending this 45-day time 
period.
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    \6\ 15 U.S.C. 78s(b)(2).
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    The Commission finds it 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, as amended by 
Amendment No. 1 and the comments received. Accordingly, the Commission, 
pursuant to Section 19(b)(2) of the Act,\7\ designates February 12, 
2025 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-NYSEARCA-2024-89).
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    \7\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\8\
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    \8\ 17 CFR 200.30-3(a)(31).
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Vanessa A. Countryman,
Secretary.
[FR Doc. 2024-30914 Filed 12-26-24; 8:45 am]
BILLING CODE 8011-01-P
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