Document ID: SEC-2017-1092-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Investors Exchange, LLC
Posted Date: 2017-06-28T04:00Z

[Federal Register Volume 82, Number 123 (Wednesday, June 28, 2017)]
[Notices]
[Page 29355]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-13474]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-80998; File No. SR-IEX-2017-10]

Self-Regulatory Organizations; Investors Exchange LLC; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change Related to Auctions in IEX-Listed Securities, Dissemination of 
Auction-Related Market Data, and Provisions Governing Trading Halts and 
Pauses

June 22, 2017.
    On April 20, 2017, the Investors Exchange LLC (``IEX'' or the 
``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 rules governing auctions conducted on the 
Exchange for IEX-listed securities, provide for the dissemination of 
auction-related market data, and add rule provisions governing trading 
halts and trading pauses in IEX-listed securities pursuant to the Limit 
Up-Limit Down Plan. The proposed rule change was published for comment 
in the Federal Register on May 9, 2017.\3\ The Commission received one 
comment regarding the proposed rule change.\4\ The Exchange responded 
to the comment on June 5, 2017.\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. 80583 (May 3, 2017), 
82 FR 21634.
    \4\ See letter to Brent J. Fields, Secretary, Commission, from 
Joan C. Conley, Senior Vice President and Corporate Secretary, The 
NASDAQ Stock Market LLC, dated May 30, 2017.
    \5\ See letter to Brent J. Fields, Secretary, Commission, from 
Sophia Lee, General Counsel, IEX, dated June 5, 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 after publication of the notice for this proposed rule change 
is June 23, 2017. The Commission is extending this 45-day time period 
for Commission action on the proposed rule change.
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    \6\ 15 U.S.C. 78s(b)(2).
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    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. 
Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\7\ designates August 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-
IEX-2017-10).
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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. 2017-13474 Filed 6-27-17; 8:45 am]
BILLING CODE 8011-01-P