Document ID: SEC-2022-0430-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: New York Stock Exchange, LLC
Posted Date: 2022-03-30T04:00Z

[Federal Register Volume 87, Number 61 (Wednesday, March 30, 2022)]
[Notices]
[Pages 18413-18414]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-06638]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-94516; File No. SR-NYSE-2021-42]

Self-Regulatory Organizations; New York Stock Exchange LLC; 
Notice of Withdrawal of Proposed Rule Change To Amend the Requirements 
of Section 102.06 of the NYSE Listed Company Manual To Allow an 
Acquisition Company To Contribute a Portion of Its Trust Account to a 
New Acquisition Company and Spin-Off the New Acquisition Company to Its 
Shareholders

March 24, 2022.
    On August 23, 2021, the New York Stock Exchange LLC (``NYSE'' or 
``Exchange'') filed with the Securities and Exchange Commission 
(``Commission''), pursuant to Section 19(b)(1) of the Securities 
Exchange Act of 1934 (``Act'' or ``Exchange Act'') \1\ and Rule 19b-4 
thereunder,\2\ a proposed rule change to amend the requirements of 
Section 102.06 of the NYSE Listed Company Manual to allow an 
acquisition company to contribute a portion of the amount held in its 
trust account to a trust account of a new acquisition company and spin 
off the new acquisition company to its shareholders in certain 
situations. The proposed rule change was published for comment in the 
Federal Register on September 8, 2021.\3\
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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. 92839 (Sep. 1, 
2021), 86 FR 50408. Comments received on the proposal are available 
on the Commission's website at: https://www.sec.gov/comments/sr-nyse-2021-42/srnyse202142.htm.
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    On September 30, 2021, pursuant to Section 19(b)(2) of the Act,\4\ 
the Commission designated a longer period within which to approve the 
proposed rule change, disapprove the proposed rule change, or institute 
proceedings to

[[Page 18414]]

determine whether to disapprove the proposed rule change.\5\ On 
December 3, 2021, the Commission instituted proceedings under Section 
19(b)(2)(B) of the Exchange Act \6\ to determine whether to approve or 
disapprove the proposed rule change.\7\ On March 4, 2022, the 
Commission extended the period for consideration of the proposed rule 
change to May 6, 2022.\8\ On March 21, 2022, the Exchange withdrew the 
proposed rule change (SR-NYSE-2021-42).
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    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 93222, 86 FR 55671 
(Oct. 6, 2021). The Commission designated December 7, 2021 as the 
date by which the Commission shall approve or disapprove, or 
institute proceedings to determine whether to approve or disapprove, 
the proposed rule change.
    \6\ 15 U.S.C. 78s(b)(2)(B).
    \7\ See Securities Exchange Act Release No. 93714, 86 FR 70150 
(Dec. 9, 2021).
    \8\ See Securities Exchange Act Release No. 94362, 87 FR 13780 
(Mar. 10, 2022).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\9\
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    \9\ 17 CFR 200.30-3(a)(12).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-06638 Filed 3-29-22; 8:45 am]
BILLING CODE 8011-01-P