Document ID: SEC-2019-0039-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Nasdaq BX, Inc.
Posted Date: 2019-01-31T05:00Z

[Federal Register Volume 84, Number 21 (Thursday, January 31, 2019)]
[Notices]
[Pages 870-871]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-00479]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-84974; File No. BX-2018-025]

Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of 
Designation of Longer Period for Commission Action on Proposed Rule 
Change To Make Permanent the Exchange's Retail Price Improvement 
Program

December 26, 2018.
    On July 9, 2018, Nasdaq BX, Inc. (``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 make permanent 
the Exchange's Retail Price Improvement Program. The proposed rule 
change was published for comment in the Federal Register on July 26, 
2018.\3\ On August 31, 2018, the Commission designated a longer period 
within which to approve the proposed rule change, disapprove the 
proposed rule change, or institute proceedings to determine whether to 
disapprove the proposed rule change.\4\ On October 23, 2018, the 
Commission instituted proceedings under Section 19(b)(2)(B) of

[[Page 871]]

the Act \5\ to determine whether to approve or disapprove the proposed 
rule change.\6\ The Commission has received no comments on the 
proposal.
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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. 83681 (July 20, 
2018), 83 FR 35516.
    \4\ See Securities Exchange Act Release No. 84013, 83 FR 45479 
(September 7, 2018). The Commission designated October 24, 2018, as 
the date by which the Commission shall approve or disapprove, or 
institute proceedings to determine whether to disapprove, the 
proposed rule change.
    \5\ 15 U.S.C. 78(s)(b)(2)(B).
    \6\ See Securities Exchange Act Release No. 84472, 83 FR 54411 
(October 29, 2018).
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    Section 19(b)(2) of the Act \7\ provides that, after initiating 
proceedings, the Commission shall issue an order approving or 
disapproving the proposed rule change not later than 180 days after the 
date of publication of notice of filing of the proposed rule change. 
The Commission may, however, extend the period for issuing an order 
approving or disapproving the proposed rule change by not more than 60 
days if the Commission determines that a longer period is appropriate 
and publishes the reasons for such determination. The proposed rule 
change was published for notice and comment in the Federal Register on 
July 26, 2018.\8\ January 22, 2019 is 180 days from that date, and 
March 23, 2019 is 240 days from that date. The Commission finds it 
appropriate to designate a longer period within which to issue an order 
approving or disapproving the proposed rule change so that it has 
sufficient time to consider the proposed rule change.\9\
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    \7\ 15 U.S.C. 78s(b)(2).
    \8\ See supra note 3.
    \9\ The Commission notes that on December 11, 2018, the Exchange 
filed a proposed rule change to extend the pilot period to June 30, 
2019. See Securities Exchange Act Release No. 84847, 83 FR 66326 
(December 26, 2018) (SR-BX-2018-063).
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    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\10\ designates March 23, 2019, as the date by which the Commission 
shall approve or disapprove the proposed rule change (File No. SR-BX-
2018-025).
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    \10\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\11\
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    \11\ 17 CFR 200.30-3(a)(31).
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Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2019-00479 Filed 1-30-19; 8:45 am]
 BILLING CODE 8011-01-P