Document ID: SEC-2013-2106-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: NYSE Arca, Inc.
Posted Date: 2013-12-11T05:00Z

[Federal Register Volume 78, Number 238 (Wednesday, December 11, 2013)]
[Notices]
[Pages 75434-75435]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-29493]

-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-70995; File No. SR-NYSEArca-2013-92]

Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change To Amend NYSE Arca Equities Rules 7.31, 7.32, 7.37, and 7.38 in 
Order To Comprehensively Update Rules Related to the Exchange's Order 
Types and Modifiers

December 5, 2013.
    On September 30, 2013, NYSE Arca, Inc. (``NYSE Arca'' 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 amend NYSE Arca Equities Rules 7.31, 7.32, 
7.37, and 7.38 in order to comprehensively update rules related to the 
Exchange's order types and modifiers. The proposed rule change was 
published for comment in the Federal Register on October 22, 2013.\3\ 
The Commission received no comments on the proposal.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 70637 (October 9, 
2013), 78 FR 62745 (``Notice'').
---------------------------------------------------------------------------

    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 6, 2013. The Commission is 
extending this 45-day time period.
---------------------------------------------------------------------------

    \4\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------

    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 proposal. The proposal would 
comprehensively update the Exchange's order type and modifier rules in 
order to provide additional specificity and transparency regarding the 
operation of many of the Exchange's order types and modifiers, better 
align the Exchange's rules with currently available functionality, and 
organize and define the Exchange's

[[Page 75435]]

order types and modifiers in a more intuitive manner.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates January 20, 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.
---------------------------------------------------------------------------

    \5\ 15 U.S.C. 78s(b)(2).
    \6\ 17 CFR 200.30-3(a)(31).

    For the Commission, by the Division of Trading and Markets, 
---------------------------------------------------------------------------
pursuant to delegated authority.\6\

Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-29493 Filed 12-10-13; 8:45 am]
BILLING CODE 8011-01-P