Document ID: SEC-2014-0969-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: NASDAQ Stock Market LLC
Posted Date: 2014-06-11T04:00Z

[Federal Register Volume 79, Number 112 (Wednesday, June 11, 2014)]
[Notices]
[Page 33605]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-13558]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-72328; File No. SR-NASDAQ-2014-034]

Self-Regulatory Organizations; The NASDAQ Stock Market LLC; 
Notice of Designation of a Longer Period for Commission Action on a 
Proposed Rule Change Relating to Proposed Changes To Remove From the 
Exchange Rules Fee Provisions Regarding Re-Transmission of ``Third-
Party Data''

June 5, 2014.
    On April 7, 2014, The NASDAQ Stock Market LLC (``Nasdaq'' or the 
``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 to remove, from the Exchange rules, fee provisions 
with respect to third-party data feeds that Nasdaq receives from 
multiple sources and then re-transmits to clients in connection with 
the Exchange's co-location services. The proposed rule change was 
published for comment in the Federal Register on April 28, 2014.\3\ The 
Commission received no comment on the proposal.
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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. 71990 (April 22, 
2014), 79 FR 23389 (``Notice'').
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    Section 19(b)(2) of the Act \4\ 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 June 12, 2014. The Commission is extending 
this 45-day time period.
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    \4\ 15 U.S.C. 78s(b)(2).
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    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. The 
proposed rule change would, among other things, determine whether fees 
for third-party data feeds provided by Nasdaq to its co-located clients 
could be removed from the Exchange rules.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates July 25, 2014, as the date by which the Commission 
should either approve or disapprove or institute proceedings to 
determine whether to disapprove the proposed rule change.
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    \5\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(31).
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Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-13558 Filed 6-10-14; 8:45 am]
BILLING CODE 8011-01-P