Document ID: SEC-2021-0512-0001
Agency: sec
Document Type: Notice
Title: Joint Industry Plan: Designation of a Longer Period for Commission Action on a Proposed National Market System Plan Regarding Consolidated Equity Market Data
Posted Date: 2021-04-14T04:00Z

[Federal Register Volume 86, Number 70 (Wednesday, April 14, 2021)]
[Notices]
[Page 19667]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-07593]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-91504; File No. 4-757]

Joint Industry Plan; Notice of Designation of a Longer Period for 
Commission Action on a Proposed National Market System Plan Regarding 
Consolidated Equity Market Data

April 8, 2021.
    On August 11, 2020, Cboe BYX Exchange, Inc., Cboe BZX Exchange, 
Inc., Cboe EDGA Exchange, Inc., Cboe EDGX Exchange, Inc., Cboe 
Exchange, Inc., Investors Exchange LLC, Long Term Stock Exchange, Inc., 
MEMX LLC, Nasdaq BX, Inc., Nasdaq ISE, LLC, Nasdaq PHLX LLC, Nasdaq 
Stock Market LLC, New York Stock Exchange LLC, NYSE American LLC, NYSE 
Arca, Inc., NYSE Chicago, Inc., NYSE National, Inc., and Financial 
Industry Regulatory Authority, Inc. filed with the Securities and 
Exchange Commission (``Commission'') a proposed new single national 
market system plan governing the public dissemination of real-time 
consolidated equity market data for national market system stocks (the 
``CT Plan''). The proposed CT Plan was published for comment in the 
Federal Register on October 13, 2020.\1\
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    \1\ See Notice of Filing of a National Market System Plan 
Regarding Consolidated Equity Market Data, Securities Exchange Act 
Release No. 90096 (Oct. 6, 2020), 85 FR 64565 (Oct. 13, 2020) 
(``Notice''). Comments received in response to the Notice can be 
found on the Commission's website at https://www.sec.gov/comments/4-757/4-757.htm.
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    On January 11, 2021, the Commission instituted proceedings to 
determine whether to approve or disapprove the CT Plan.\2\ Rule 
608(b)(2)(i) of Regulation NMS provides that such proceedings shall be 
concluded within 180 days of the date of publication of notice of the 
plan or amendment and that the time for conclusion of such proceedings 
may be extended for up to 60 days (up to 240 days from the date of 
notice publication) if the Commission determines that a longer period 
is appropriate and publishes the reasons for such determination or the 
plan participants consent to the longer period.\3\ The 180th day after 
publication of the Notice for the proposed CT Plan is April 11, 2021. 
The Commission is extending this 180-day period.
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    \2\ See Order Instituting Proceedings to Determine Whether to 
Approve or Disapprove a National Market System Plan Regarding 
Consolidated Equity Market Data, Securities Exchange Act Release No. 
90885 (Jan. 11, 2021), 86 FR 4142 (Jan. 15, 2021).
    \3\ See 17 CFR 242.608(b)(2)(i).
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    The Commission finds that it is appropriate to designate a longer 
period within which to conclude proceedings regarding the proposed CT 
Plan so that it has sufficient time to consider the proposed CT Plan 
and the comments received. Accordingly, pursuant to Rule 608(b)(2)(i) 
of Regulation NMS,\4\ the Commission designates June 10, 2021, as the 
date by which the Commission shall conclude the proceedings to 
determine whether to approve or disapprove the proposed CT Plan (File 
No. 4-757).
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    \4\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\5\
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    \5\ 17 CFR 200.30-3(a)(85).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-07593 Filed 4-13-21; 8:45 am]
BILLING CODE 8011-01-P