Document ID: SEC-2011-2039-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: New York Stock Exchange LLC
Posted Date: 2011-12-29T05:00Z

[Federal Register Volume 76, Number 250 (Thursday, December 29, 2011)]
[Notices]
[Page 82011]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-33378]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-66036; File Nos. SR-NYSE-2011-56; SR-NYSEAmex-2011-86]

Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE 
Amex LLC; Notice of Designation of a Longer Period for Commission 
Action on Proposed Rule Changes To Codify Certain Traditional Trading 
Floor Functions That May Be Performed by Designated Market Makers

December 22, 2011.
    On October 31, 2011, the New York Stock Exchange LLC (``NYSE'') and 
NYSE Amex LLC (``NYSE Amex'') each 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\ proposed rule changes to amend certain of their 
respective rules relating to Designated Market Makers (``DMMs''). The 
proposed rule changes were published for comment in the Federal 
Register on November 17, 2011.\3\ The Commission received no comment 
letters on the proposals.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Securities Exchange Act Release Nos. 65735 (November 10, 
2011), 76 FR 71405 (SR-NYSEAmex-2011-86); and 65736 (November 10, 
2011), 76 FR 71399 (SR-NYSE-2011-56).
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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 January 1, 2012. 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 it appropriate to designate a longer period 
within which to take action on the proposed rule changes so that it has 
sufficient time to consider these proposed rule changes, which modify 
the rules applicable to DMMs and floor brokers, including, among other 
things, making certain market information such as disaggregated order 
information available to DMMs and floor brokers.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates February 15, 2012, as the date by which the 
Commission should either approve or disapprove or institute proceedings 
to determine whether to disapprove the proposed rule changes.
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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. 2011-33378 Filed 12-28-11; 8:45 am]
BILLING CODE 8011-01-P