Document ID: SEC-2010-1297-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: NASDAQ Stock Market LLC
Posted Date: 2010-08-24T04:00Z

[Federal Register: August 24, 2010 (Volume 75, Number 163)]
[Notices]               
[Page 52049]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr24au10-107]                         

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-62740; File No. SR-NASDAQ-2010-074]

 
Self-Regulatory Organizations; The NASDAQ Stock Market LLC; 
Notice of Designation of Longer Period for Commission Action on 
Proposed Rule Change, as Modified by Amendment No. 1, To Adopt Rule 
4753(c) as a Six Month Pilot in 100 NASDAQ-Listed Securities

August 18, 2010.
    On June 18, 2010, The NASDAQ Stock Market LLC (``Nasdaq'') filed 
with the Securities and Exchange Commission (``Commission''), pursuant 
to Section 19(b)(1) \1\ of the Securities Exchange Act of 1934 
(``Act''),\2\ and Rule 19b-4 thereunder,\3\ a proposed rule change to 
adopt a volatility-based pause in trading in individual Nasdaq-listed 
securities traded on Nasdaq.\4\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 15 U.S.C. 78a.
    \3\ 17 CFR 240.19b-4.
    \4\ See Securities Exchange Act Release Nos. 62468 (July 7, 
2010), 75 FR 41258 (July 15, 2010). On June 25, 2010, Nasdaq filed 
Amendment No. 1 to the proposed rule change.
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    Section 19(b)(2) of the Act \5\ provides that, within thirty-five 
days of the publication of notice of the filing of a proposed rule 
change, or within such longer period as the Commission may designate up 
to ninety days of such date if it finds such longer period to be 
appropriate and publishes its reasons for so finding, the Commission 
shall either approve the proposed rule change or institute proceedings 
to determine whether the proposed rule change should be disapproved. 
The 35th day for this filing is August 19, 2010.
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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 this proposed rule change, which relates to 
the adoption of a volatility-based trading pause in select Nasdaq-
listed securities on a pilot basis, and the comment letters that have 
been submitted in connection with this filing.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\6\ designates October 13, 2010, as the date by which the 
Commission should either approve or institute proceedings to determine 
whether to disapprove the proposed rule change.
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    \6\ 15 U.S.C. 78s(b)(2).

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    By the Commission.

Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-21001 Filed 8-23-10; 8:45 am]
BILLING CODE 8010-01-P