Document ID: SEC-2010-1601-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: NASDAQ OMX BX, Inc.
Posted Date: 2010-10-20T04:00Z

[Federal Register: October 20, 2010 (Volume 75, Number 202)]
[Notices]               
[Page 64772]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr20oc10-109]                         

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-63105; File No. SR-BX-2010-059]

 
Self-Regulatory Organizations; NASDAQ OMX BX, Inc.; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change To Create a Listing Market on the Exchange

October 14, 2010.
    On August 20, 2010, NASDAQ OMX BX, Inc. (``Exchange'') 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 
create a listing market, which will be called ``BX.'' The proposed rule 
change was published for comment in the Federal Register on September 
8, 2010.\4\ The Commission received two comment letters on this 
proposal.\5\
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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 No. 62818 (September 1, 
2010), 75 FR 54665.
    \5\ See Letter to Elizabeth M. Murphy, Secretary, Commission, 
from William F. Galvin, Secretary of the Commonwealth, Commonwealth 
of Massachusetts, dated September 28, 2010; and Letter to Elizabeth 
M. Murphy, Secretary, Commission, from Michael R. Trocchio, Bingham 
McCutchen LLP, on behalf of Pink OTC Markets Inc., dated October 3, 
2010.
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    Section 19(b)(2) of the Act \6\ provides that within forty-five 
days of the publication of notice of the filing of a proposed rule 
change, or within such longer period up to ninety 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 October 23, 
2010. The Commission is extending this 45-day time period.
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    \6\ 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 would 
create a new listing market on the Exchange, and to consider the 
comment letters that have been submitted in connection with this 
proposed rule change.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\7\ designates December 7, 2010, as the date by which the 
Commission should either approve or disapprove or institute proceedings 
to determine whether to disapprove the proposed rule change.
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    \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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Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-26358 Filed 10-19-10; 8:45 am]
BILLING CODE 8011-01-P