Document ID: SEC-2017-0090-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: NASDAQ Stock Market, LLC
Posted Date: 2017-01-24T05:00Z

[Federal Register Volume 82, Number 14 (Tuesday, January 24, 2017)]
[Notices]
[Page 8244]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-01465]

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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-79810; File No. SR-NASDAQ-2016-161]

Self-Regulatory Organizations; The Nasdaq Stock Market LLC; 
Notice of Designation of Longer Period for Commission Action on 
Proposed Rule Change To Adopt a New Extended Life Priority Order 
Attribute Under Rule 4703, and To Make Related Changes to Rules 4702, 
4752, 4753, 4754, and 4757

January 17, 2017.
    On November 17, 2016, The Nasdaq Stock Market LLC (``Nasdaq'' 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 adopt a new Extended Life Priority Order 
Attribute. The proposed rule change was published for comment in the 
Federal Register on December 5, 2016.\3\ The Commission has received 
six comment letters on the proposal.\4\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 79428 (November 30, 
2016), 81 FR 87628.
    \4\ See Letters to Brent J. Fields, Secretary, Commission, from 
Joseph Saluzzi and Sal Arnuk, Partners, Themis Trading LLC, dated 
December 19, 2016; Eric Swanson, EVP, General Counsel and Secretary, 
Bats Global Markets, Inc., dated December 22, 2016; Adam Nunes, Head 
of Business Development, Hudson River Trading LLC, dated December 
22, 2016; Joanna Mallers, Secretary, FIA Principal Traders Group, 
dated December 23, 2016; Adam C. Cooper, Senior Managing Director 
and Chief Legal Officer, Citadel Securities, dated December 27, 
2016; and Andrew Stevens, General Counsel, IMC Financial Markets, 
dated December 28, 2016.
---------------------------------------------------------------------------

    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 19, 2017.
---------------------------------------------------------------------------

    \5\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------

    The Commission is extending the 45-day time period for Commission 
action on the proposed rule change. 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 
Exchange's proposal, the comments received, and any response to the 
comments by the Exchange.
    Accordingly, pursuant to Section 19(b)(2) of the Act \6\ and for 
the reasons stated above, the Commission designates March 5, 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-NASDAQ-2016-161).
---------------------------------------------------------------------------

    \6\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
Eduardo A. Aleman,
Assistant Secretary.
---------------------------------------------------------------------------

    \7\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------

[FR Doc. 2017-01465 Filed 1-23-17; 8:45 am]
 BILLING CODE 8011-01-P