Document ID: SEC-2019-0037-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Nasdaq PHLX, LLC
Posted Date: 2019-01-31T05:00Z

[Federal Register Volume 84, Number 21 (Thursday, January 31, 2019)]
[Notices]
[Pages 837-838]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-00497]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-84981; File No. SR-PHLX-2018-72]

Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change To Establish Rules Governing the Give Up of a Clearing Member by 
a Member Organization on Exchange Transactions

January 9, 2019.
    On November 6, 2018, Nasdaq PHLX LLC 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

[[Page 838]]

proposed rule change to establish rules governing the give up of a 
Clearing Member by a member organization on Exchange transactions. The 
proposed rule change was published for comment in the Federal Register 
on November 26, 2018.\3\ The Commission has received three comment 
letters regarding the proposed rule change.\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. 84624 (November 19, 
2018), 83 FR 60547.
    \4\ See letters to Brent J. Fields, Secretary Commission, from 
Matthew R. Scott, President, Merrill Lynch Professional Clearing 
Corp., dated December 7, 2018; Ellen Greene, Managing Director, 
Capital Markets, SIFMA, dated December 17, 2018; and John P. 
Davidson, President and Chief Operating Officer, The Options 
Clearing Corporation, dated December 19, 2018.
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    Section 19(b)(2) of the Act \5\ provides that, within 45 days of 
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 find 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 January 10, 2019. 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 it 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,\6\ designates 
February 24, 2019, 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-PHLX-2018-72).
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    \6\ Id.

    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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Brent J. Fields,
Secretary.
[FR Doc. 2019-00497 Filed 1-30-19; 8:45 am]
 BILLING CODE 8011-01-P