Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change To Adopt Additional Listing Requirements for Reverse Mergers, 45636 [2011-19231]

Download as PDF 45636 Federal Register / Vol. 76, No. 146 / Friday, July 29, 2011 / Notices III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Within 45 days of the date of publication of this notice in the Federal Register or within such longer period (i) As the Commission may designate up to 90 days of such date if it finds such longer period to be appropriate and publishes its reasons for so finding or (ii) as to which the self-regulatory organization consents, the Commission will: (A) By order approve or disapprove such proposed rule change, or (B) Institute proceedings to determine whether the proposed rule change should be disapproved. IV. Solicitation of Comments 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 FINRA. 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 available publicly. All submissions should refer to File Number SR–FINRA–2010–036 and should be submitted on or before August 19, 2011. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.47 Elizabeth M. Murphy, Secretary. [FR Doc. 2011–19193 Filed 7–28–11; 8:45 am] 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–FINRA–2010–036 on the subject line. BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–64956; File No. SR– NASDAQ–2011–073] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change To Adopt Additional Listing Requirements for Reverse Mergers July 25, 2011. On May 26, 2011, The NASDAQ Stock Market LLC (‘‘Nasdaq’’) filed with the Securities and Exchange • Send paper comments in triplicate Commission (‘‘Commission’’), pursuant to Elizabeth M. Murphy, Secretary, to Section 19(b)(1) of the Securities Securities and Exchange Commission, Exchange Act of 1934 (‘‘Act’’),1 and 100 F Street, NE., Washington, DC Rule 19b–4 thereunder,2 a proposed rule 20549–1090. change to adopt additional listing All submissions should refer to File Number SR–FINRA–2010–036. This file requirements for reverse mergers. The proposed rule change was published for number should be included on the subject line if e-mail is used. To help the comment in the Federal Register on June 14, 2011.3 The Commission Commission process and review your received no comments on the proposal. comments more efficiently, please use Section 19(b)(2) of the Act 4 provides only one method. The Commission will that within 45 days of the publication of post all comments on the Commission’s notice of the filing of a proposed rule Internet Web site (https://www.sec.gov/ change, or within such longer period up rules/sro.shtml). Copies of the to 90 days as the Commission may submission, all subsequent designate if it finds such longer period amendments, all written statements to be appropriate and publishes its with respect to the proposed rule reasons for so finding or as to which the change that are filed with the self-regulatory organization consents, Commission, and all written the Commission shall either approve the communications relating to the proposed rule change, disapprove the proposed rule change between the Commission and any person, other than proposed rule change, or institute proceedings to determine whether the those that may be withheld from the public in accordance with the 47 17 CFR 200.30–3(a)(12). provisions of 5 U.S.C. 552, will be 1 15 U.S.C. 78s(b)(1). available for Web site viewing and 2 17 CFR 240.19b–4. printing in the Commission’s Public 3 See Securities Exchange Act Release No. 64633 Reference Room, 100 F Street, NE., (June 8, 2011), 76 FR 34781. 4 15 U.S.C. 78s(b)(2). Washington, DC 20549, on official mstockstill on DSK4VPTVN1PROD with NOTICES Paper Comments VerDate Mar<15>2010 16:17 Jul 28, 2011 Jkt 223001 PO 00000 Frm 00133 Fmt 4703 Sfmt 4703 proposed rule change should be disapproved. The 45th day for this filing is July 29, 2011. The Commission is extending the 45day time period for Commission action on the proposed rule change. The Commission finds that it is appropriate to designate a longer period to take action on the proposed rule change so that it has sufficient time to consider the Exchange’s proposal, which would establish additional listing requirements for reverse merger companies, whereby an operating company becomes public by combining with a public shell. Accordingly, pursuant to Section 19(b)(2) of the Act,5 the Commission designates September 12, 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 Number SR– NASDAQ–2011–073). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.6 Elizabeth M. Murphy, Secretary. [FR Doc. 2011–19231 Filed 7–28–11; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–64957; File No. SR–BATS– 2011–023] Self-Regulatory Organizations; BATS Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend BATS Rules in Connection With the Elimination of a Directed Order Program for BATS Options July 25, 2011. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the ‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on July 22, 2011, BATS Exchange, Inc. (the ‘‘Exchange’’ or ‘‘BATS’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change as described in Items I and II below, which Items have been prepared by the Exchange. The Exchange has designated this proposal as a ‘‘noncontroversial’’ proposed rule change pursuant to Section 19(b)(3)(A) of the Act 3 and Rule 19b–4(f)(6)(iii) 5 15 U.S.C. 78s(b)(2). CFR 200.30–3(a)(31). 1 15 U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 3 15 U.S.C. 78s(b)(3)(A). 6 17 E:\FR\FM\29JYN1.SGM 29JYN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 76, Number 146 (Friday, July 29, 2011)]
[Notices]
[Page 45636]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-19231]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-64956; File No. SR-NASDAQ-2011-073]


Self-Regulatory Organizations; The NASDAQ Stock Market LLC; 
Notice of Designation of a Longer Period for Commission Action on 
Proposed Rule Change To Adopt Additional Listing Requirements for 
Reverse Mergers

 July 25, 2011.
    On May 26, 2011, The NASDAQ Stock Market LLC (``Nasdaq'') 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 
adopt additional listing requirements for reverse mergers. The proposed 
rule change was published for comment in the Federal Register on June 
14, 2011.\3\ The Commission received no comments on the proposal.
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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. 64633 (June 8, 
2011), 76 FR 34781.
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    Section 19(b)(2) of the Act \4\ 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 July 29, 2011.
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    \4\ 15 U.S.C. 78s(b)(2).
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    The Commission is extending the 45-day time period for Commission 
action on the proposed rule change. The Commission finds that it is 
appropriate to designate a longer period to take action on the proposed 
rule change so that it has sufficient time to consider the Exchange's 
proposal, which would establish additional listing requirements for 
reverse merger companies, whereby an operating company becomes public 
by combining with a public shell.
    Accordingly, pursuant to Section 19(b)(2) of the Act,\5\ the 
Commission designates September 12, 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 Number SR-NASDAQ-2011-073).
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    \5\ 15 U.S.C. 78s(b)(2).
    \6\ 17 CFR 200.30-3(a)(31).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011-19231 Filed 7-28-11; 8:45 am]
BILLING CODE 8011-01-P

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