Document ID: SEC-2019-0876-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Financial Industry Regulatory Authority, Inc.
Posted Date: 2019-06-19T04:00Z

[Federal Register Volume 84, Number 118 (Wednesday, June 19, 2019)]
[Notices]
[Pages 28601-28602]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-12925]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-86101; File No. SR-FINRA-2019-014]

Self-Regulatory Organizations; Financial Industry Regulatory 
Authority, Inc.; Notice of Designation of a Longer Period for 
Commission Action on a Proposed Rule Change To Allow Additional Time 
for Reporting to TRACE of Transactions in U.S. Treasury Securities 
Executed To Hedge a Primary Market Transaction

June 13, 2019.
    On April 16, 2019, the Financial Industry Regulatory Authority, 
Inc. (``FINRA'') 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 amend FINRA Rule 6730 to provide additional 
time for reporting to TRACE of transactions in U.S. Treasury Securities 
executed to hedge a primary market transaction. The proposed rule 
change was published for comment in the Federal Register on April 30, 
2019.\3\ The Commission received one comment letter in support of 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. 85713 (April 24, 
2019), 84 FR 18329.
    \4\ See Letter from Robert Toomey, Managing Director and 
Associate General Counsel, SIFMA, to Robert W. Errett, Deputy 
Security, Commission, dated May 21, 2019.
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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

[[Page 28602]]

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 after publication of the notice for 
this proposed rule change is June 14, 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 that it is appropriate to designate a longer 
period within which to take action on the proposal so that it has 
sufficient time to consider certain issues raised by the proposed rule 
change. Accordingly, the Commission, pursuant to Section 19(b)(2) of 
the Act, designates July 29, 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-
FINRA-2019-014).

    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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Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2019-12925 Filed 6-18-19; 8:45 am]
BILLING CODE 8011-01-P