Document ID: SEC-2012-0747-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: NYSE Arca, Inc.
Posted Date: 2012-05-14T04:00Z

[Federal Register Volume 77, Number 93 (Monday, May 14, 2012)]
[Notices]
[Pages 28413-28414]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-11536]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-66945; File No. SR-NYSEArca-2012-19]

Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change To Amend Commentary .01 to NYSE Arca Rule 6.35

May 8, 2012.
    On March 9, 2012, NYSE Arca, Inc. (``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 amend 
Commentary .01 to NYSE Arca Rule 6.35 and to make non-substantive 
changes to NYSE Arca Rules 6.35, 6.37, 6.84, and 10.12. The proposed 
rule change was published for comment in the Federal Register on March 
28, 2012.\3\ The Commission received no comments on this 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. 66642 (March 22, 
2012), 77 FR 18875.
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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 May 12, 2012. The Commission is extending 
this 45-day time period.
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    \4\ 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 
allow a market maker's trades effected on the trading floor to 
accommodate cross trades executed pursuant to NYSE Arca Rule 6.47 to 
count toward the requirement that at least 75% of a market maker's 
trading activity be effected in classes within the market maker's 
appointment.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates June 26, 2012 as the date by which the Commission 
should either

[[Page 28414]]

approve or disapprove, or institute proceedings to determine whether to 
disapprove, the proposed rule change (File No. SR-NYSEArca-2012-19).
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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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Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-11536 Filed 5-11-12; 8:45 am]
BILLING CODE 8011-01-P