Document ID: SEC-2019-0723-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Financial Industry Regulatory Authority, Inc.
Posted Date: 2019-05-29T04:00Z

[Federal Register Volume 84, Number 103 (Wednesday, May 29, 2019)]
[Notices]
[Page 24839]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-11100]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-85911; File No. SR-FINRA-2019-008]

Self-Regulatory Organizations; Financial Industry Regulatory 
Authority, Inc.; Notice of Designation of a Longer Period for 
Commission Action on a Proposed Rule Change To Establish a Corporate 
Bond New Issue Reference Data Service

May 22, 2019.
    On March 27, 2019, 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 establish a new issue reference data service 
for corporate bonds. The proposed rule change was published for comment 
in the Federal Register on April 8, 2019.\3\ The Commission has 
received eleven comment letters on the proposal.\4\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Exchange Act Release No. 85488 (April 2, 2019), 84 FR 
13977.
    \4\ See Letters from: (1) Cathy Scott, Director, Fixed Income 
Forum, on behalf of The Credit Roundtable, dated April 29, 2019; (2) 
Salman Banaei, Executive Director, IHS Markit, dated April 29, 2019; 
(3) David R. Burton, Senior Fellow in Economic Policy, The Heritage 
Foundation, dated April 29, 2019; (4) Tom Quaadman, Executive Vice 
President, U.S. Chamber of Commerce, dated April 29, 2019; (5) Lynn 
Martin, President and COO, ICE Data Services, dated April 29, 2019; 
(6) Tyler Gellasch, Executive Director, Healthy Markets Association, 
dated April 29, 2019; (7) Greg Babyak, Global Head of Regulatory 
Affairs, Bloomberg L.P. dated April 29, 2019; (8) Marshall Nicholson 
and Thomas S. Vales, ICE Bonds dated April 29, 2019; (9) Christopher 
B. Killian, Managing Director, SIFMA, dated April 29, 2019; (10) 
Larry Tabb, TABB Group, dated May 15, 2019; and (11) Larry Harris, 
Fred V. Keenan Chair in Finance, U.S.C. Marshall School of Business, 
dated May 17, 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 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 May 23, 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 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 and the comments 
received. Accordingly, the Commission, pursuant to Section 19(b)(2) of 
the Act,\6\ designates July 7, 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-2019-008).
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    \6\ Id.

    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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Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2019-11100 Filed 5-28-19; 8:45 am]
BILLING CODE 8011-01-P