Document ID: SEC-2015-0896-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: NYSE MKT LLC
Posted Date: 2015-05-27T04:00Z

[Federal Register Volume 80, Number 101 (Wednesday, May 27, 2015)]
[Notices]
[Page 30301]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-12688]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-75004; File No. SR-NYSEMKT-2015-23]

Self-Regulatory Organizations; NYSE MKT LLC; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change Adopting a Principles-Based Approach To Prohibit the Misuse of 
Material Nonpublic Information by Specialists and e-Specialists by 
Deleting Rule 927.3NY and Section (f) of Rule 927.5NY

May 20, 2015.
    On March 26, 2015, NYSE MKT LLC (the ``Exchange'') filed with the 
Securities and Exchange Commission (the ``Commission''), pursuant to 
Section 19(b)(1) \1\ of the Securities Exchange Act of 1934 (the 
``Act'') \2\ and Rule 19b-4 thereunder,\3\ a proposed rule change to 
delete Exchange Rule 927.3NY and section (f) of Rule 927.5NY to adopt a 
principles-based approach to prohibit the misuse of material nonpublic 
information by Specialists and e-Specialists. The proposed rule change 
was published for comment in the Federal Register on April 14, 2015.\4\ 
The Commission has received one comment letter on the proposed rule 
change.\5\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 15 U.S.C. 78a.
    \3\ 17 CFR 240.19b-4.
    \4\ See Securities Exchange Act Release No. 74677 (Apr. 8, 
2015), 80 FR 20049 (Apr. 14, 2015).
    \5\ See letter from Peter D. Selman, Goldman Sachs & Co., to 
Commission, dated May 5, 2015.
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    Section 19(b)(2) of the Act \6\ 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 
Commission is extending this 45-day time period. 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 
to consider the proposed rule change.
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    \6\ 15 U.S.C. 78s(b)(2).
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    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\7\ designates July 13, 2015, 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 Number 
SR-NYSEMKT-2015-23).
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    \7\ Id.
    \8\ 17 CFR 200.30-3(a)(31).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\8\
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-12688 Filed 5-26-15; 8:45 am]
 BILLING CODE 8011-01-P