Document ID: SEC-2015-0618-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: New York Stock Exchange LLC
Posted Date: 2015-04-10T04:00Z

[Federal Register Volume 80, Number 69 (Friday, April 10, 2015)]
[Notices]
[Page 19385]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-08196]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-74648; File No. SR-NYSE-2015-06]

Self-Regulatory Organizations; New York Stock Exchange LLC; 
Notice of Designation of a Longer Period for Commission Action on a 
Proposed Rule Change Adopting New Rule 124 To Conduct a Midday Auction 
and Amending Rule 104 To Codify the Obligation of Designated Market 
Makers To Facilitate the Midday Auction

April 6, 2015.
    On February 2, 2015, New York Stock Exchange LLC (``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 
adopt new Rule 124 to conduct a daily single-priced auction at a 
specified time in lower-volume securities (``Midday Auction'') and to 
amend Rule 104 to codify the obligation of Designated Market Makers to 
facilitate the Midday Auction. The proposed rule change was published 
in the Federal Register on February 23, 2015.\3\ On March 20, 2015, the 
Securities Industry and Financial Markets Association (``SIFMA'') 
submitted a comment letter to the Commission.\4\ The Commission has 
received no other 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. 74282 (February 23, 
2015), 80 FR 9496.
    \4\ See letter from Theodore R. Lazo, Managing Director and 
Associate General Counsel, SIFMA, to Brent J. Fields, Secretary, the 
Commission (Mar. 20, 2015).
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    Section 19(b)(2) of the Act \5\ provides that, within 45 days of 
the publication of the 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 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 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. 
Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\6\ designates May 24, 2015, as the date by which the Commission 
should either approve or disapprove or institute proceedings to 
determine whether to disapprove the proposed rule change (File Number 
SR-NYSE-2015-06).
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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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Brent J. Fields,
Secretary.
[FR Doc. 2015-08196 Filed 4-9-15; 8:45 am]
 BILLING CODE 8011-01-P