Document ID: SEC-2011-0730-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: NYSE Amex LLC
Posted Date: 2011-05-23T04:00Z

[Federal Register Volume 76, Number 99 (Monday, May 23, 2011)]
[Notices]
[Pages 29809-29810]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-12575]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-64511; File No. SR-NYSEAmex-2011-18]

Self-Regulatory Organizations; NYSE Amex LLC; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change Relating to the Formation of a Joint Venture Between the 
Exchange, Its Ultimate Parent NYSE Euronext, and Seven Other Entities 
To Operate an Electronic Trading Facility for Options Contracts

May 18, 2011.
    On March 23, 2011, NYSE Amex 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 relating to the 
formation of a joint venture between the Exchange, its ultimate parent 
NYSE Euronext, and seven other entities to establish a Delaware limited 
liability company to operate an electronic trading facility for options 
contracts. The proposed rule change was published for comment in the 
Federal Register on April 4, 2011.\3\ The Commission received three 
comments on the proposal.\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 No. 64144 (March 29, 
2011), 76 FR 18591.
    \4\ See Letter from Andrew Rothlein, to the Commission, dated 
April 14, 2011; Letter from Benjamin Kerensa, to the Commission, 
dated April 25, 2011; and Letter from Joan C. Conley, Senior Vice 
President and Corporate Secretary, Nasdaq OMX Group, Inc., to 
Elizabeth M. Murphy, Secretary, Commission, dated April 29, 2011.
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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 this filing is May 19, 2011.
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    \5\ 15 U.S.C. 78s(b)(2).
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    The Commission is hereby 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. In particular, the extension

[[Page 29810]]

of time will ensure that the Commission has sufficient time to consider 
and take action on the Exchange's proposal, in light of, among other 
things, the comments received on the proposal.
    Accordingly, pursuant to Section 19(b)(2) of the Act,\6\ the 
Commission designates July 1, 2011 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 Number 
SR-NYSEAmex-2011-18).
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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\
Cathy H. Ahn,
Deputy Secretary.
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    \7\ 17 CFR 200.30-3(a)(31).
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[FR Doc. 2011-12575 Filed 5-20-11; 8:45 am]
BILLING CODE 8011-01-P