Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change To Require Public Disclosure of Any Access or Post-Transaction Fees for Executions Against a Public Quotation in an OTC Equity Security, 20744 [2011-8916]

Download as PDF 20744 Federal Register / Vol. 76, No. 71 / Wednesday, April 13, 2011 / Notices 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: Electronic Comments • 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–NASDAQ–2011–051 on the subject line. Paper Comments mstockstill on DSKH9S0YB1PROD with NOTICES • Send paper comments in triplicate to Elizabeth M. Murphy, Secretary, Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549–1090. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.15 Cathy Ahn, Deputy Secretary. [FR Doc. 2011–8917 Filed 4–12–11; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–64264; File No. SR–FINRA– 2011–008] Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change To Require Public Disclosure of Any Access or Post-Transaction Fees for Executions Against a Public Quotation in an OTC Equity Security April 8, 2011. On February 18, 2011, the Financial Industry Regulatory Authority, Inc. (‘‘FINRA’’) filed with the Securities and All submissions should refer to File Exchange Commission (‘‘Commission’’), Number SR–NASDAQ–2011–051. This pursuant to Section 19(b)(1) of the file number should be included on the Securities Exchange Act of 1934 subject line if e-mail is used. To help the (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a Commission process and review your proposed rule change to require each comments more efficiently, please use member to disclose on its website any only one method. The Commission will fees imposed against its published post all comments on the Commission’s quotation in any OTC Equity Security, Internet Web site (https://www.sec.gov/ consistent with FINRA Rule 6450 rules/sro.shtml). Copies of the (Restrictions on Access Fees). The submission, all subsequent proposed rule change was published for amendments, all written statements comment in the Federal Register on with respect to the proposed rule March 3, 2011.3 The Commission change that are filed with the received two comments on the Commission, and all written proposal.4 Section 19(b)(2) of the Act 5 provides communications relating to the that, within 45 days of the publication proposed rule change between the Commission and any person, other than of notice of the filing of a proposed rule change, or within such longer period up those that may be withheld from the to 90 days as the Commission may public in accordance with the designate if it finds such longer period provisions of 5 U.S.C. 552, will be to be appropriate and publishes its available for Web site viewing and reasons for so finding or as to which the printing in the Commission’s Public self-regulatory organization consents, Reference Room, 100 F Street, NE., the Commission shall either approve the Washington, DC 20549, on official proposed rule change, disapprove the business days between the hours of 10 proposed rule change, or institute a.m. and 3 p.m. Copies of such filing proceedings to determine whether the also will be available for inspection and copying at the principal office of the 15 17 CFR 200.30–3(a)(12). Exchange. All comments received will 1 15 U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. be posted without change; the 3 See Securities Exchange Act Release No. 63960 Commission does not edit personal (February 24, 2011), 76 FR 11829 (‘‘Notice’’). identifying information from 4 See Letter from Daniel Zinn, General Counsel, submissions. You should submit only OTC Markets Group, Inc., to Elizabeth M. Murphy, information that you wish to make Secretary, Commission, dated March 22, 2011 (‘‘OTC Markets Letter’’) and letter from Kimberly publicly available. All submissions Unger, Executive Director, The Security Traders should refer to File Number SR– Association of New York, Inc. to Elizabeth M. NASDAQ–2011–051 and should be Murphy, Secretary, Commission, dated April 6, 2011 (‘‘STANY Letter’’). submitted on or before May 4, 2011. 5 15 VerDate Mar<15>2010 18:37 Apr 12, 2011 Jkt 223001 PO 00000 U.S.C. 78s(b)(2). Frm 00122 Fmt 4703 Sfmt 4703 proposed rule change should be disapproved. The 45th day for this filing is April 17, 2011. The Commission is hereby extending the 45-day period for Commission action on the proposed rule change. The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule change. 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 May 25, 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 File No. SR–FINRA–2011–008. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.7 Cathy H. Ahn, Deputy Secretary. [FR Doc. 2011–8916 Filed 4–12–11; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–64263; File No. SR– NASDAQ–2011–050] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Modify an Initial Listing Standard for the Nasdaq Global Select Market April 8, 2011. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on April 1, 2011, The NASDAQ Stock Market LLC (‘‘Nasdaq’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change as described in Items I and III below, which Items have been prepared by Nasdaq. Nasdaq has designated the proposed rule change as effecting a change described under Rule 19b–4(f)(6) under the Act,3 which renders the proposal effective upon filing with the Commission. The Commission is publishing this notice to 6 15 U.S.C. 78s(b)(2)(A)(ii)(I). CFR 200.30–3(a)(31). 1 15 U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 3 17 CFR 240.19b–4(f)(6). 7 17 E:\FR\FM\13APN1.SGM 13APN1

Agencies

[Federal Register Volume 76, Number 71 (Wednesday, April 13, 2011)]
[Notices]
[Page 20744]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-8916]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-64264; File No. SR-FINRA-2011-008]


Self-Regulatory Organizations; Financial Industry Regulatory 
Authority, Inc.; Notice of Designation of a Longer Period for 
Commission Action on Proposed Rule Change To Require Public Disclosure 
of Any Access or Post-Transaction Fees for Executions Against a Public 
Quotation in an OTC Equity Security

April 8, 2011.
    On February 18, 2011, the 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 require each member to disclose on its website 
any fees imposed against its published quotation in any OTC Equity 
Security, consistent with FINRA Rule 6450 (Restrictions on Access 
Fees). The proposed rule change was published for comment in the 
Federal Register on March 3, 2011.\3\ The Commission received two 
comments on the proposal.\4\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 63960 (February 24, 
2011), 76 FR 11829 (``Notice'').
    \4\ See Letter from Daniel Zinn, General Counsel, OTC Markets 
Group, Inc., to Elizabeth M. Murphy, Secretary, Commission, dated 
March 22, 2011 (``OTC Markets Letter'') and letter from Kimberly 
Unger, Executive Director, The Security Traders Association of New 
York, Inc. to Elizabeth M. Murphy, Secretary, Commission, dated 
April 6, 2011 (``STANY Letter'').
---------------------------------------------------------------------------

    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, 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 April 17, 2011.
---------------------------------------------------------------------------

    \5\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------

    The Commission is hereby extending the 45-day period for Commission 
action on the proposed rule change. The Commission finds that it is 
appropriate to designate a longer period within which to take action on 
the proposed rule change. 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 May 25, 
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 File No. SR-FINRA-2011-008.
---------------------------------------------------------------------------

    \6\ 15 U.S.C. 78s(b)(2)(A)(ii)(I).
    \7\ 17 CFR 200.30-3(a)(31).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
Cathy H. Ahn,
Deputy Secretary.
[FR Doc. 2011-8916 Filed 4-12-11; 8:45 am]
BILLING CODE 8011-01-P
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