Document ID: SEC-2021-0191-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: The Nasdaq Stock Market LLC
Posted Date: 2021-02-09T05:00Z

[Federal Register Volume 86, Number 25 (Tuesday, February 9, 2021)]
[Notices]
[Page 8819]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-02593]

-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-91055; File No. SR-NASDAQ-2020-027]

Self-Regulatory Organizations; The Nasdaq Stock Market LLC; 
Notice of Withdrawal of Proposed Rule Change To Apply Additional 
Initial Listing Criteria for Companies Primarily Operating in 
Restrictive Markets

February 3, 2021.
    On May 29, 2020, The Nasdaq Stock Market LLC (``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 apply 
additional initial listing criteria for companies primarily operating 
in a jurisdiction that has secrecy laws, blocking statutes, national 
security laws or other laws or regulations restricting access to 
information by regulators of U.S.-listed companies in such 
jurisdiction. The proposed rule change was published for comment in the 
Federal Register on June 12, 2020.\3\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 89027 (June 8, 
2020), 85 FR 35962. Comments on the proposed rule change can be 
found at: https://www.sec.gov/comments/sr-nasdaq-2020-027/srnasdaq2020027.htm.
---------------------------------------------------------------------------

    On July 21, 2020, 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 determine whether to disapprove the proposed rule 
change.\5\ On September 9, 2020, the Commission instituted proceedings 
under Section 19(b)(2)(B) of the Act \6\ to determine whether to 
approve or disapprove the proposed rule change.\7\ On December 3, 2020, 
the Commission extended the period for consideration of the proposed 
rule change to February 7, 2021.\8\
---------------------------------------------------------------------------

    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 89358, 85 FR 45275 
(July 27, 2020). The Commission designated September 10, 2020, 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. 89799, 85 FR 57282 
(September 15, 2020).
    \8\ See Securities Exchange Act Release No. 90559, 85 FR 79249 
(December 9, 2020).
---------------------------------------------------------------------------

    On February 1, 2021, the Exchange withdrew the proposed rule change 
(SR-NASDAQ-2020-027).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\9\
---------------------------------------------------------------------------

    \9\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-02593 Filed 2-8-21; 8:45 am]
BILLING CODE 8011-01-P