Document ID: SEC-2014-1647-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: EDGA Exchange, Inc.
Posted Date: 2014-10-01T04:00Z

[Federal Register Volume 79, Number 190 (Wednesday, October 1, 2014)]
[Notices]
[Pages 59336-59337]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-23313]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-73217; File No. SR-EDGA-2014-20]

Self-Regulatory Organizations; EDGA Exchange, Inc.; Notice of 
Designation of Longer Period for Commission Action on Proposed Rule 
Change Relating To Include Additional Specificity Within Rule 1.5 and 
Chapter XI Regarding Current System Functionality Including the 
Operation of Order Types and Order Instructions

September 25, 2014.
    On August 1, 2014, EDGA Exchange, Inc. (the ``Exchange'' or 
``EDGA'') 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 Rule 1.5 and Chapter XI of its rule book 
to include additional specificity regarding the current functionality 
of the Exchange's System,\3\ including the operation of its order types 
and order instructions, and to describe certain new system 
functionality. The proposed rule change was published for comment in 
the Federal Register on August 18, 2014.\4\ The Commission received no 
comment letters.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Exchange Rule 1.5(cc) defines ``System'' as ``the electronic 
communications and trading facility designated by the Board through 
which securities orders of Users are consolidated for ranking, 
execution and, when applicable, routing away.''
    \4\ See Securities Exchange Act Release No. 72812 (August 11, 
2014), 79 FR 48823.
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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 these proposed rule changes should be disapproved. 
The 45th day for this filing is October 2, 2014.
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    \5\ 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 within which to take action on 
the proposed rule change so that it has sufficient time

[[Page 59337]]

to consider and take action on the Exchange's proposed rule change.
    Accordingly, pursuant to Section 19(b)(2)(A)(ii)(I) of the Act \6\ 
and for the reasons stated above, the Commission designates November 
14, 2014, 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-EDGA-2014-20).
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    \6\ 15 U.S.C. 78s(b)(2)(A)(ii)(I).

    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. 2014-23313 Filed 9-30-14; 8:45 am]
BILLING CODE 8011-01-P