Document ID: SEC-2016-1773-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Financial Industry Regulatory Authority, Inc.
Posted Date: 2016-10-04T04:00Z

[Federal Register Volume 81, Number 192 (Tuesday, October 4, 2016)]
[Notices]
[Page 68492]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-23905]

[[Page 68492]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-78965; File No. SR-FINRA-2016-032]

Self-Regulatory Organizations; Financial Industry Regulatory 
Authority, Inc.; Notice of Designation of a Longer Period for 
Commission Action on Proposed Rule Change Relating to FINRA Rule 2232 
(Customer Confirmations) To Require Members To Disclose Additional 
Pricing Information on Retail Customer Confirmations Relating to 
Transactions in Fixed Income Securities

September 28, 2016.
    On August 12, 2016, 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 amend FINRA Rule 2232 to require its members to 
disclose additional pricing information on retail customer 
confirmations relating to transactions in fixed income securities. The 
proposed rule change was published for comment in the Federal Register 
on August 19, 2016.\3\ The Commission has received nine 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. 78573 (Aug. 15, 
2016), 81 FR 55500.
    \4\ See Letter from Manisha Kimmel, Chief Regulatory Officer, 
Wealth Management, Thomson Reuters to Brent J. Fields, Secretary, 
Securities and Exchange Commission (Sept. 19, 2016); Letter from 
Mary Lou Von Kaenel, Managing Director, Financial Information Forum 
to Robert W. Errett, Deputy Secretary, Securities and Exchange 
Commission (Sept. 9, 2016); Letter from Sean Davy, Managing 
Director, Capital Markets Division and Leslie M. Norwood, Managing 
Director and Associate General Counsel, Municipal Securities 
Division, SIFMA to Robert W. Errett, Deputy Secretary, Securities 
and Exchange Commission (Sept. 9, 2016); Letter from Norman L. 
Ashkenas, Chief Compliance Officer, Fidelity Brokerage Services, LLC 
and Richard J. O'Brien, Chief Compliance Officer, National Financial 
Services, LLC to Brent J. Fields, Secretary, Securities and Exchange 
Commission (Sept. 9, 2016); Letter from Mike Nicholas, Chief 
Executive Officer, Bond Dealers of America to Brent J. Fields, 
Secretary, Securities and Exchange Commission (Sept. 9, 2016); 
Letter from Robert J. McCarthy, Director of Regulatory Policy, Wells 
Fargo Advisors, LLC to Robert W. Errett, Deputy Secretary, 
Securities and Exchange Commission (Sept. 9, 2016); Letter from 
Scott A. Eichhorn, Practitioner in Residence and Supervising 
Attorney, Investor Rights Clinic, University of Miami, et al., to 
Brent Fields, Secretary, Securities and Exchange Commission (Sept. 
8, 2016); Letter from Manisha Kimmel, Chief Regulatory Officer, 
Wealth Management, Thomson Reuters to Brent J. Fields, Secretary, 
Securities and Exchange Commission (Sept. 8, 2016); and Letter from 
Hugh Berkson, President, PIABA to Robert W. Errett, Deputy 
Secretary, Securities and Exchange Commission (Sept. 7, 2016).
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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 October 3, 2016. 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. Accordingly, the 
Commission, pursuant to Section 19(b)(2) of the Act,\6\ designates 
November 17, 2016, 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-2016-032).
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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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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-23905 Filed 10-3-16; 8:45 am]
 BILLING CODE 8011-01-P