Document ID: SEC-2013-1216-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: New York Stock Exchange, LLC
Posted Date: 2013-07-03T04:00Z

[Federal Register Volume 78, Number 128 (Wednesday, July 3, 2013)]
[Notices]
[Page 40260]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-15913]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-69878; File No. SR-NYSE-2013-33]

Self-Regulatory Organizations; New York Stock Exchange LLC; 
Notice of Designation of a Longer Period for Commission Action on 
Proposed Rule Change Proposing To: (i) Delete the Sections in the 
Listed Company Manual (the ``Manual'') Containing the Listing 
Application Materials (Including the Listing Application and the 
Listing Agreement) and Adopt Updated Listing Application Materials That 
Will Be Posted on the Exchange's Web Site; and (ii) Adopt as New Rules 
Certain Provisions That Are Currently Included in the Various Forms of 
Agreements That Are in the Manual, as Well as Some Additional New Rules 
That Make Explicit Existing Exchange Policies With Respect to Initial 
Listings

June 27, 2013.
    On April 30, 2013, New York Stock Exchange LLC (the ``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 
(i) delete the sections in the Manual containing the listing 
application materials (including the listing application and the 
listing agreement) and adopt updated listing application materials that 
will be posted on the Exchange's Web site; and (ii) adopt as new rules 
certain provisions that are currently included in the various forms of 
agreements that are in the Manual, as well as some additional new rules 
that make explicit existing Exchange policies with respect to initial 
listings. The proposed rule change was published for comment in the 
Federal Register on May 17, 2013.\3\ The Commission received one 
comment letter 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. 69565 (May 13, 
2013), 78 FR 29165.
    \4\ See Letter to Elizabeth M. Murphy, Secretary, Commission, 
from Shinichi Yuhara, dated June 4, 2013.
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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 July 1, 2013. 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 this proposed rule change, which would (i) 
delete the sections in the Manual containing the listing application 
materials (including the listing application and the listing agreement) 
and adopt updated listing application materials that will be posted on 
the Exchange's Web site; and (ii) adopt as new rules certain provisions 
that are currently included in the various forms of agreements that are 
in the Manual, as well as some additional new rules that make explicit 
existing Exchange policies with respect to initial listings, and the 
potential issues raised by this proposal.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\6\ designates August 15, 2013 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 No. SR-
NYSE-2013-33).
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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. 2013-15913 Filed 7-2-13; 8:45 am]
BILLING CODE 8011-01-P