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[Federal Register Volume 82, Number 186 (Wednesday, September 27, 2017)]
[Notices]
[Page 45095]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-20623]

[[Page 45095]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81668; File No. SR-NASDAQ-2017-074]

Self-Regulatory Organizations; The Nasdaq Stock Market LLC; 
Notice of Designation of Longer Period for Commission Action on 
Proposed Rule Change, as Modified by Amendment No. 1, To Adopt the 
Midpoint Extended Life Order

September 21, 2017.
    On July 21, 2017, The Nasdaq Stock Market LLC (``Nasdaq'' or 
``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 adopt the Midpoint Extended Life Order. The 
proposed rule change was published for comment in the Federal Register 
on August 9, 2017.\3\ On August 9, 2017, the Exchange filed Amendment 
No. 1 to the proposed rule change.\4\ The Commission has received three 
comment letters on the proposal.\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. 81311 (August 3, 
2017), 82 FR 37248.
    \4\ In Amendment No. 1, the Exchange updated Item 2, 
``Procedures of the Self-Regulatory Organization,'' in Form 19b-4 of 
the proposal to reflect the approval of the proposal by the 
Exchange's Board of Directors on July 21, 2017. When the Exchange 
filed Amendment No. 1 with the Commission, it also submitted 
Amendment No. 1 to the public comment file for SR-NASDAQ-2017-074 
(available at: https://www.sec.gov/comments/sr-nasdaq-2017-074/nasdaq2017074.htm). Because Amendment No. 1 is a technical amendment 
that does not alter the substance of the proposed rule change, it is 
not subject to notice and comment.
    \5\ See Letters to Brent J. Fields, Secretary, Commission, from 
Stephen John Berger, Managing Director, Government & Regulatory 
Policy, Citadel Securities, dated August 30, 2017; Ray Ross, Chief 
Technology Officer, The Clearpool Group, dated September 12, 2017; 
and Joanna Mallers, Secretary, FIA Principal Traders Group, dated 
September 19, 2017.
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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 for this filing is September 23, 2017.
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    \6\ 15 U.S.C. 78s(b)(2).
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    The Commission is extending the 45-day time period for Commission 
action on the proposed rule change. 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 
Exchange's proposal, the comments received, and any response to the 
comments by the Exchange.
    Accordingly, pursuant to Section 19(b)(2) of the Act \7\ and for 
the reasons stated above, the Commission designates November 7, 2017, 
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-NASDAQ-2017-074), as modified by 
Amendment No. 1.
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    \7\ 15 U.S.C. 78s(b)(2).

    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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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-20623 Filed 9-26-17; 8:45 am]
 BILLING CODE 8011-01-P
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