Document ID: SEC-2023-0230-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: The Nasdaq Stock Market, LLC
Posted Date: 2023-03-01T05:00Z

[Federal Register Volume 88, Number 40 (Wednesday, March 1, 2023)]
[Notices]
[Page 13003]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-04125]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-96969; File No. SR-NASDAQ-2022-077]

Self-Regulatory Organizations; The Nasdaq Stock Market LLC; 
Notice of Designation of a Longer Period for Commission Action on a 
Proposed Rule Change To Amend Rule 4702 To Establish New ``Contra 
Midpoint Only'' and ``Contra Midpoint Only With Post-Only'' Order Types

February 23, 2023.
    On December 22, 2022, The Nasdaq Stock Market LLC (``Nasdaq'') 
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 Rule 4702 to establish new ``Contra Midpoint Only'' and ``Contra 
Midpoint Only with Post-Only'' order types. The proposed rule change 
was published for comment in the Federal Register on January 11, 
2023.\3\ The Commission received comment on the proposed rule 
change.\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. 96601 (Jan. 5, 
2023), 88 FR 1616.
    \4\ Comment received by the Commission on the proposed rule 
change is available on the Commission's website at: https://www.sec.gov/comments/sr-nasdaq-2022-077/srnasdaq2022077.htm.
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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 February 25, 2023. 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 the proposed rule change and comment 
received. Accordingly, the Commission, pursuant to Section 19(b)(2) of 
the Act,\6\ designates April 11, 2023 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-NASDAQ-2022-077).
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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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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-04125 Filed 2-28-23; 8:45 am]
BILLING CODE 8011-01-P