Document ID: SEC-2013-1817-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Financial Industry Regulatory Authority, Inc.
Posted Date: 2013-10-22T04:00Z

[Federal Register Volume 78, Number 204 (Tuesday, October 22, 2013)]
[Notices]
[Pages 62784-62785]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-24569]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-70613; File No. SR-FINRA-2013-036]

Self-Regulatory Organizations; Financial Industry Regulatory 
Authority, Inc.; Notice of Designation of a Longer Period for 
Commission Action on a Proposed Rule Change Relating to Wash Sale 
Transactions and FINRA Rule 5210 (Publication of Transactions and 
Quotations)

October 4, 2013.

I. Introduction

    On August 15, 2013, 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 Rule 5210. The proposed rule change 
was published for comment in the Federal Register on September 4, 
2013.\3\ The Commission received five comments 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. 70276 (August 28, 
2013), 78 FR 54502 (``Notice'').
    \4\ See letter from Anonymous to Elizabeth M. Murphy, Secretary, 
Commission, dated September 9, 2013; letter from William A. 
Jacobson, Clinical Professor of Law, and Director, Cornell 
Securities Law Clinic, and Jimin Lee, Cornell University Law School, 
to Elizabeth M. Murphy, Secretary, Commission, dated September 25, 
2013; letter from Stuart J. Kaswell, Executive Vice President, 
Managing Director and General Counsel, Managed Funds Association, to 
Elizabeth M. Murphy, Secretary, Commission, dated September 25, 
2013; letter from Manisha Kimmel, Executive Director, Financial 
Industry Forum, to Elizabeth M. Murphy, Secretary, Commission, dated 
September 25, 2013; and letter from Theodore R. Lazo, Managing 
Director and Associate General Counsel, SIFMA, to Elizabeth M. 
Murphy, Secretary, Commission, dated October 4, 2013.
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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 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,

[[Page 62785]]

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 19, 2013.
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    \5\ 15 U.S.C. 78s(b)(2).
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    The Commission is hereby extending the 45-day period for Commission 
action on the proposed rule change. The Commission has determined that 
it is appropriate to designate a longer period within which to take 
action on the proposed rule change. In particular, the extension of 
time will ensure that the Commission has sufficient time to consider 
and take action on FINRA's proposal in light of, among other things, 
the comments received on the proposal.
    Accordingly, pursuant to Section 19(b)(2)(A)(ii)(I) of the Act \6\ 
and for the reasons stated above, the Commission designates December 3, 
2013, 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 No. SR-FINRA-2013-036.
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    \6\ 15 U.S.C. 78s(b)(2)(A)(ii)(I).

    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. 2013-24569 Filed 10-21-13; 8:45 am]
BILLING CODE 8011-01-P