Document ID: SEC-2011-1691-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: NASDAQ Stock Market LLC
Posted Date: 2011-11-03T04:00Z

[Federal Register Volume 76, Number 213 (Thursday, November 3, 2011)]
[Notices]
[Pages 68237-68238]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-28460]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-65653; File No. SR-NASDAQ-2011-122]

Self-Regulatory Organizations; The NASDAQ Stock Market LLC; 
Notice of Designation of a Longer Period for Commission Action on 
Proposed Rule Change To Describe Complimentary Services That Are 
Offered to Certain New Listings on NASDAQ's Global and Global Select 
Markets

October 28, 2011.
    On August 30, 2011, 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 add rule text explaining services offered by 
NASDAQ to certain newly listing companies and the retail value of such 
services. The proposed rule change was published for comment in the 
Federal

[[Page 68238]]

Register on September 16, 2011.\3\ The Commission received four comment 
letters 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. 65324 (September 12, 
2011), 76 FR 57781 (September 16, 2011).
    \4\ See Letters to Elizabeth M. Murphy, Secretary, Commission, 
from Neil Hershberg, Senior Vice President, Business Wire Inc., 
dated September 28, 2011; John Viglotti, Vice President, PR Newswire 
Association LLC, dated October 7, 2011; Jesse W. Markham, Jr., Roger 
Myers, and Michael R. MacPhail, Holme Roberts & Owen LLP (writing on 
behalf of Business Wire, Inc.), dated October 7, 2011; and Patrick 
Healy, CEO, Issuer Advisory Group LLC, dated October 22, 2011.
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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 October 31, 2011.
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    \5\ 15 U.S.C. 78s(b)(2).
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    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, as described above, and to consider the comment 
letters that have been submitted in connection with the proposed rule 
change.
    Accordingly, pursuant to Section 19(b)(2) of the Act,\6\ the 
Commission designates December 15, 2011 as the date by which the 
Commission should either approve or disapprove, or institute 
proceedings to determine whether to disapprove, the proposed rule 
change (File Number SR-NASDAQ-2011-122).
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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. 2011-28460 Filed 11-2-11; 8:45 am]
BILLING CODE 8011-01-P