Document ID: SEC-2013-2262-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: NYSE Arca, Inc.
Posted Date: 2013-12-31T05:00Z

[Federal Register Volume 78, Number 251 (Tuesday, December 31, 2013)]
[Notices]
[Page 79721]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-31237]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-71184; File No. SR-NYSEArca-2013-115]

Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change, as Modified by Amendment No. 1 Thereto, To Adopt Commentary .03 
to Rule 6.91 To Limit the Volume of Complex Orders by a Single OTP 
Holder or OTP Firm During the Trading Day

December 24, 2013.
    On October 28, 2013, NYSE Arca, Inc. (the ``Exchange'' or ``NYSE 
Arca'') 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 Commentary .03 to NYSE Arca Rule 6.91 to 
limit the volume of complex orders that may be entered by a single OTP 
Holder or OTP Firm during the trading day. On November 5, 2013, the 
Exchange submitted Amendment No. 1 to the proposed rule change. The 
proposed rule change, as modified by Amendment No. 1 thereto, was 
published for comment in the Federal Register on November 13, 2013.\3\ 
The Commission received no comments on the proposed rule change.
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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. 70817 (November 6, 
2013), 78 FR 68113.
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    Section 19(b)(2) of the Act \4\ 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 December 28, 2013. 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 proposed rule change. Therefore, the Commission is 
extending this 45-day time period.
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    \4\ 15 U.S.C. 78s(b)(2).
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    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates January 3, 2014, as the date by which the Commission 
should either approve or disapprove or institute proceedings to 
determine whether to disapprove the proposed rule change.
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    \5\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(31).
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Elizabeth M. Murphy,
Secretary.
[FR Doc. 2013-31237 Filed 12-30-13; 8:45 am]
BILLING CODE 8011-01-P