Document ID: SEC-2014-0088-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Financial Industry Regulatory Authority, Inc.
Posted Date: 2014-01-16T05:00Z

[Federal Register Volume 79, Number 11 (Thursday, January 16, 2014)]
[Notices]
[Page 2924]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-00687]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-71282; File No. SR-FINRA-2013-046]

Self-Regulatory Organizations; Financial Industry Regulatory 
Authority, Inc.; Notice of Designation of a Longer Period for 
Commission Action on Proposed Rule Change Relating to TRACE Reporting 
and Dissemination of Transactions in Additional Asset-Backed Securities

January 10, 2014.
    On November 13, 2013, the Financial Industry Regulatory Authority, 
Inc. (``FINRA'') 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 relating to TRACE reporting and dissemination of 
transactions in additional asset-backed securities. The proposed rule 
change was published for comment in the Federal Register on November 
26, 2013.\3\ The Commission received one comment on the proposal.\4\
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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. 70906 (November 20, 
2013), 78 FR 70602 (``Notice'').
    \4\ See letter from Chris Killian, Managing Director, 
Securitization, SIFMA to Elizabeth M. Murphy, Secretary, Commission, 
dated December 17, 2013.
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    Section 19(b)(2) of the Act \5\ 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 January 10, 2014. The Commission is 
extending this 45-day time period.
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    \5\ 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 and the 
comment received. The proposed rule change would, among other things, 
provide for post-trade transparency of transactions in certain asset-
backed securities.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\6\ designates February 24, 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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    \6\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
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    \7\ 17 CFR 200.30-3(a)(31).
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Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-00687 Filed 1-15-14; 8:45 am]
BILLING CODE 8011-01-P