Document ID: SEC-2010-1914-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: NASDAQ Stock Market LLC
Posted Date: 2010-12-15T05:00Z

[Federal Register Volume 75, Number 240 (Wednesday, December 15, 2010)]
[Notices]
[Pages 78300-78301]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-31485]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-63508; File No. SR-NASDAQ-2010-134]

Self-Regulatory Organizations; The NASDAQ Stock Market LLC; 
Notice of Designation of a Longer Period for Commission Action on 
Proposed Rule Change To Adopt Additional Criteria for Listing Commodity 
Stockpiling Companies That Have Indicated That Their Business Plan Is 
To Buy and Hold Commodities

December 9, 2010.
    On October 15, 2010, 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 additional criteria for listing commodity 
stockpiling companies (``CSCs'') that have indicated that their 
business plan is to buy and hold commodities. The proposed rule change 
was published for comment in the Federal Register on November 3, 
2010.\3\ The Commission 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. 63207 (October 28, 
2010), 75 FR 67788.
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    Section 19(b)(2) of the Act \4\ 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 December 18, 2010.
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    \4\ 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 to take

[[Page 78301]]

action on the proposed rule change so that it has sufficient time to 
consider the Exchange's proposal, which would establish, for the first 
time, standards for listing securities of companies whose business plan 
is to buy and hold commodities.
    Accordingly, pursuant to Section 19(b)(2) of the Act,\5\ the 
Commission designates February 1, 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-2010-134).
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    \5\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(31).
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Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-31485 Filed 12-14-10; 8:45 am]
BILLING CODE 8011-01-P