Document ID: SEC-2014-0385-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Financial Industry Regulatory Authority, Inc.
Posted Date: 2014-03-10T04:00Z

[Federal Register Volume 79, Number 46 (Monday, March 10, 2014)]
[Notices]
[Pages 13364-13365]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-05085]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-71642; File No. SR-FINRA-2014-003]

Self-Regulatory Organizations; Financial Industry Regulatory 
Authority, Inc.; Notice of Designation of Longer Period for Commission 
Action on a Proposed Rule Change To Amend FINRA's Corporate Financing 
Rules To Simplify and Refine the Scope of the Rules

March 4, 2014.
    On January 9, 2014, 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's corporate financing rules to 
simplify and refine the scope of the rules. The proposed rule change 
was published for comment in the Federal Register on January 29, 
2014.\3\ To date, the Commission has received two comment letters 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. 71372 (Jan. 23, 
2014), 79 FR 4793.
    \4\ See Letter from Suzanne Rothwell, Managing Member, Rothwell 
Consulting LLC, to Elizabeth M. Murphy, Secretary, Commission, dated 
February 10, 2014; Letter from Sean Davy, Managing Director, 
Corporate Credits Market Division, Securities Industries and 
Financial Markets Association, to Elizabeth M. Murphy, Secretary, 
Commission, dated February 18, 2014.
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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

[[Page 13365]]

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 
March 15, 2014.
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    \5\ 15 U.S.C. 78s(b)(2).
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    The Commission is extending the 45-day time period for Commission 
action on the proposed rule change. The Commission finds that it is 
appropriate to designate a longer period to take action on the proposed 
rule change so that it has sufficient time to consider FINRA's proposal 
and the comment letters it has received regarding this proposal.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\6\ designates April 28, 2014, 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-2014-003).
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    \6\ 15 U.S.C. 78s(b)(2).

    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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Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-05085 Filed 3-7-14; 8:45 am]
BILLING CODE 8011-01-P