Document ID: SEC-2019-0065-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Financial Industry RegulatoryAuthority, Inc.
Posted Date: 2019-02-05T05:00Z

[Federal Register Volume 84, Number 24 (Tuesday, February 5, 2019)]
[Notices]
[Page 1809]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-00943]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-85003; File No. SR-FINRA-2018-040]

Self-Regulatory Organizations; Financial Industry Regulatory 
Authority, Inc.; Notice of Designation of a Longer Period for 
Commission Action on a Proposed Rule Change Relating to FINRA Rule 4512 
(Customer Account Information)

January 30, 2019.
    On November 28, 2018, 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 paragraph (a)(3) of FINRA Rule 4512 
(Customer Account Information) to permit the use of electronic 
signatures and to clarify the scope of the rule. The proposed rule 
change was published for comment in the Federal Register on December 
17, 2018.\3\ The Commission has received two comment letters regarding 
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. 84788 (December 11, 
2018), 83 FR 64609 (December 17, 2018).
    \4\ See Letter from Paul J. Tolley, Senior Vice President, Chief 
Compliance Officer, Commonwealth Financial Network, dated December 
31, 2018; letter from Kevin Zambrowicz, Associate General Counsel & 
Managing Director, SIFMA, dated January 7, 2019.
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    Section 19(b)(2) of the Act \5\ provides that, within 45 days of 
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 find 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 January 31, 2019. 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.\6\ Accordingly, 
the Commission, pursuant to Section 19(b)(2) of the Act,\7\ designates 
March 17, 2019, 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-2018-040).
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    \6\ By letter dated December 27, 2018, FINRA also consented to 
extending to March 17, 2019 the time period for Commission action on 
SR-FINRA-2018-040. See https://www.finra.org/sites/default/files/rule_filing_file/SR-FINRA-2018-40-Extension-1.pdf.
    \7\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\8\
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    \8\ 17 CFR 200.30-3(a)(31).
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Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2019-00943 Filed 2-4-19; 8:45 am]
BILLING CODE 8011-01-P