Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change To Amend FINRA Rule 6140 (Other Trading Practices), 81704 [2010-32516]
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Federal Register / Vol. 75, No. 248 / Tuesday, December 28, 2010 / Notices
A proposed rule change filed under
Rule 19b–4(f)(6) 11 normally may not
become operative prior to 30 days after
the date of filing. However, Rule 19b–
4(f)(6)(iii) 12 permits the Commission to
designate a shorter time if such action
is consistent with the protection of
investors and the public interest. The
Exchange requests that the Commission
waive the 30-day operative delay, as
specified in Rule 19b–4(f)(6)(iii),13
which would make the proposed rule
change effective and operative upon
filing. The Commission believes that
waiving the 30-day operative delay is
consistent with the protection of
investors and the public interest.14 The
Commission notes that the proposal is
based on the rules of another SRO that
similarly excludes market on open
orders from its market collar
functionality.15 Accordingly, the
Commission designates the proposed
rule change operative upon filing with
the Commission.
At any time within 60 days of the
filing of such proposed rule change, the
Commission summarily may
temporarily suspend such rule change if
it appears to the Commission that such
action is necessary or appropriate in the
public interest, for the protection of
investors, or otherwise in furtherance of
the purposes of the Act.
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views, and
arguments concerning the foregoing,
including whether the proposed rule
change is consistent with the Act.
Comments may be submitted by any of
the following methods:
• Use the Commission’s Internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an e-mail to rulecomments@sec.gov. Please include File
Number SR–EDGA–2010–25 on the
subject line.
Paper Comments
emcdonald on DSK2BSOYB1PROD with NOTICES
• Send paper comments in triplicate
to Elizabeth M. Murphy, Secretary,
Securities and Exchange Commission,
100 F Street, NE., Washington, DC
20549–1090.
11 17
CFR 240.19b–4(f)(6).
12 17 CFR 240.19b–4(f)(6)(iii).
13 Id.
14 For purposes only of waiving the operative
delay for this proposal, the Commission has
considered the proposed rule’s impact on
efficiency, competition, and capital formation. See
15 U.S.C. 78c(f).
15 See supra note 7.
22:37 Dec 27, 2010
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.16
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010–32614 Filed 12–27–10; 8:45 am]
BILLING CODE 8011–01–P
Electronic Comments
VerDate Mar<15>2010
All submissions should refer to File
Number SR–EDGA–2010–25. This file
number should be included on the
subject line if e-mail is used. To help the
Commission process and review your
comments more efficiently, please use
only one method. The Commission will
post all comments on the Commission’s
Web site (https://www.sec.gov/rules/
sro.shtml). Copies of the submission, all
subsequent amendments, all written
statements with respect to the proposed
rule change that are filed with the
Commission, and all written
communications relating to the
proposed rule change between the
Commission and any person, other than
those that may be withheld from the
public in accordance with the
provisions of 5 U.S.C. 552, will be
available for Web site viewing and
printing in the Commission’s Public
Reference Room on official business
days between the hours of 10 a.m. and
3 p.m. Copies of such filing also will be
available for inspection and copying at
the principal office of the Exchange. All
comments received will be posted
without change; the Commission does
not edit personal identifying
information from submissions. You
should submit only information that
you wish to make publicly available. All
submissions should refer to File
Number SR–EDGA–2010–25 and should
be submitted on or before January 18,
2011.
Jkt 223001
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–63582; File No. SR–FINRA–
2010–055]
Self-Regulatory Organizations;
Financial Industry Regulatory
Authority, Inc.; Notice of Designation
of a Longer Period for Commission
Action on Proposed Rule Change To
Amend FINRA Rule 6140 (Other
Trading Practices)
(‘‘Act’’),2 and Rule 19b–4 thereunder,3 a
proposed rule change to amend FINRA
Rule 6140 to eliminate the provisions
regarding the handling of stop orders,
delete definitions relating to stop stock
transactions, and to relocate the
definition of ‘‘initial public offering.’’
Section 19(b)(2) of the Act– 4 provides
that within forty-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 or disapprove the
proposed rule change, or institute
proceedings to determine whether the
proposed rule change should be
disapproved. The 45th day for the filing
submitted by FINRA will be December
27, 2010.5
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 the proposed rule change,
relating to the elimination of the FINRA
provisions regarding the handling of
stop orders and the deletion of
definitions relating to stop stock
transactions, and the comment letters
that have been submitted in connection
with the filing.
Accordingly, the Commission,
pursuant to Section 19(b)(2) of the Act,6
designates February 10, 2011, as the
date by which the Commission should
either approve or disapprove, or
institute proceedings to determine
whether to disapprove the proposed
rule change.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.7
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010–32516 Filed 12–27–10; 8:45 am]
BILLING CODE 8011–01–P
December 21, 2010.
On October 29, 2010, the Financial
Industry Regulatory Authority, Inc.
(‘‘FINRA’’), filed with the Securities and
Exchange Commission (‘‘Commission’’),
pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934
16 17
1 15
PO 00000
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
Frm 00145
Fmt 4703
Sfmt 9990
2 15
U.S.C. 78a.
CFR 240.19b–4.
4 15 U.S.C. 78s(b)(2).
5 See Securities Exchange Act Release Nos. 63256
(November 5, 2010), 75 FR 69503 (November 12,
2010).
6 15 U.S.C. 78s(b)(2).
7 17 CFR 200.30–3(a)(31).
3 17
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[Federal Register Volume 75, Number 248 (Tuesday, December 28, 2010)]
[Notices]
[Page 81704]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-32516]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-63582; File No. SR-FINRA-2010-055]
Self-Regulatory Organizations; Financial Industry Regulatory
Authority, Inc.; Notice of Designation of a Longer Period for
Commission Action on Proposed Rule Change To Amend FINRA Rule 6140
(Other Trading Practices)
December 21, 2010.
On October 29, 2010, the Financial Industry Regulatory Authority,
Inc. (``FINRA''), 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 amend FINRA Rule 6140 to eliminate the
provisions regarding the handling of stop orders, delete definitions
relating to stop stock transactions, and to relocate the definition of
``initial public offering.''
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 15 U.S.C. 78a.
\3\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------
Section 19(b)(2) of the Act- \4\ provides that within forty-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 or disapprove the proposed rule change, or
institute proceedings to determine whether the proposed rule change
should be disapproved. The 45th day for the filing submitted by FINRA
will be December 27, 2010.\5\
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\4\ 15 U.S.C. 78s(b)(2).
\5\ See Securities Exchange Act Release Nos. 63256 (November 5,
2010), 75 FR 69503 (November 12, 2010).
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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 the proposed rule change, relating to the
elimination of the FINRA provisions regarding the handling of stop
orders and the deletion of definitions relating to stop stock
transactions, and the comment letters that have been submitted in
connection with the filing.
Accordingly, the Commission, pursuant to Section 19(b)(2) of the
Act,\6\ designates February 10, 2011, 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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\6\ 15 U.S.C. 78s(b)(2).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\7\
---------------------------------------------------------------------------
\7\ 17 CFR 200.30-3(a)(31).
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Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-32516 Filed 12-27-10; 8:45 am]
BILLING CODE 8011-01-P
