Document ID: SEC-2013-0579-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: New York Stock Exchange LLC and NYSE MKT LLC
Posted Date: 2013-03-26T04:00Z

[Federal Register Volume 78, Number 58 (Tuesday, March 26, 2013)]
[Notices]
[Pages 18402-18403]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-06877]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-69187; File Nos. SR-NYSE-2013-08; NYSEMKT-2013-07]

Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE 
MKT LLC; Notice of Designation of a Longer Period for Commission Action 
on Proposed Rule Changes Amending the Attestation Requirement of Rules 
107C and 107C-Equities, Respectively, To Allow a Retail Member 
Organization To Attest That ``Substantially All'' Orders Submitted to 
The Retail Liquidity Program Will Qualify as ``Retail Orders''

March 20, 2013.
    On January 17, 2013, New York Stock Exchange LLC (``NYSE'') and 
NYSE MKT LLC (``NYSE MKT'' and together with NYSE, the ``Exchanges'') 
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\ proposed rule changes to 
allow Retail Member Organizations (``RMOs'') to attest that 
``substantially all,'' rather than all, orders submitted to the Retail 
Liquidity Program qualify as ``Retail Orders.'' The proposed rule 
changes were published for comment in the Federal Register on February 
4, 2013.\3\ To date, the Commission has received one comment on the 
proposals.\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 Nos. 68747 (Jan. 28, 
2013), 78 FR 7824 (SR-NYSE-2013-08); and 68746 (Jan. 28, 2013), 78 
FR 7842 (SR-NYSEMKT-2013-07).
    \4\ See Letter to the Commission from Theodore R. Lazo, Managing 
Director and Associate General Counsel, Securities Industry and 
Financial Markets Association (SIFMA), dated March 11, 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 these filings is March 21, 2013.
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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 changes. The Commission finds that it is 
appropriate

[[Page 18403]]

to designate a longer period to take action on the proposed rule 
changes so that it has sufficient time to consider the Exchanges' 
proposals, which would lessen the attestation requirements of RMOs that 
submit ``Retail Orders'' eligible to receive potential price 
improvement through the respective Retail Liquidity Programs, and to 
consider the comment letter that has been submitted in connection with 
the proposed rule changes.
    Accordingly, pursuant to Section 19(b)(2) of the Act,\6\ the 
Commission designates May 5, 2013 as the date by which the Commission 
should either approve or disapprove, or institute proceedings to 
determine whether to disapprove, the proposed rule changes (File 
Numbers SR-NYSE-2013-08 and SR-NYSEMKT-2013-07).
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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\
Kevin M. O'Neill,
Deputy Secretary.
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    \7\ 17 CFR 200.30-3(a)(12).
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[FR Doc. 2013-06877 Filed 3-25-13; 8:45 am]
BILLING CODE 8011-01-P