Document ID: SEC-2021-0832-0001
Agency: sec
Document Type: Notice
Title: Joint Industry Plan: Designation of a Longer Period for Commission Action on a Proposed National Market System Plan Regarding Consolidated Equity Market Data
Posted Date: 2021-06-14T04:00Z

[Federal Register Volume 86, Number 112 (Monday, June 14, 2021)]
[Notices]
[Page 31543]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-12439]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-92130; 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

June 9, 2021.
    On August 11, 2020, 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, 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 Financial 
Industry Regulatory Authority, Inc. filed with the Securities and 
Exchange Commission (``Commission'') 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 October 13, 2020.\1\
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    \1\ See Notice of Filing of a National Market System Plan 
Regarding Consolidated Equity Market Data, Securities Exchange Act 
Release No. 90096 (Oct. 6, 2020), 85 FR 64565 (Oct. 13, 2020) (File 
No. 4-757) (``Notice''). 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.
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    On January 11, 2021, the Commission instituted proceedings to 
determine whether to approve or disapprove the CT Plan.\2\ On April 8, 
2021, pursuant to Rule 608(b)(2)(i) of Regulation NMS,\3\ 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.\4\
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    \2\ See 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. 
90885 (Jan. 11, 2021), 86 FR 4142 (Jan. 15, 2021) (File No. 4-757).
    \3\ See 17 CFR 242.608(b)(2)(i).
    \4\ See Securities Exchange Act Release No. 91504 (Apr. 8, 
2021), 85 FR 19667 (Apr. 14, 2021) (File No. 4-757).
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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.\5\ The 240th day after 
publication of the Notice for the proposed CT Plan is June 10, 2021. 
The Commission is extending this 240-day period.
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    \5\ See 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 the complex and 
important issues raised by proposed CT Plan and the extensive public 
comments received. Accordingly, pursuant to Rule 608(b)(2)(ii) of 
Regulation NMS,\6\ the Commission designates August 9, 2021, as the 
date by which the Commission shall conclude the proceedings to 
determine whether to approve or disapprove the proposed CT Plan (File 
No. 4-757).
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    \6\ Id.

    By the Commission.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-12439 Filed 6-11-21; 8:45 am]
BILLING CODE 8011-01-P