Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Withdrawal of Proposed Rule Change To Adopt a New Rule Concerning Nasdaq's Ability To Request Information From a Listed Company Regarding the Number of Unrestricted Publicly Held Shares in Certain Circumstances and Halt Trading in the Company's Security Upon the Request, and in Certain Circumstances Request a Plan To Increase the Number of Unrestricted Publicly Held Shares To an Amount That Is Higher Than the Applicable Publicly Held Shares Requirement, 44333 [2020-15791]

Download as PDF Federal Register / Vol. 85, No. 141 / Wednesday, July 22, 2020 / Notices Director/Chief Information Officer, Securities and Exchange Commission, c/o Cynthia Roscoe, 100 F Street NE, Washington, DC 20549, or by sending an email to: PRA_Mailbox@sec.gov. Dated: July 16, 2020. J. Matthew DeLesDernier, Assistant Secretary. [FR Doc. 2020–15797 Filed 7–21–20; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–89331; File No. SR– NASDAQ–2019–091] Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Withdrawal of Proposed Rule Change To Adopt a New Rule Concerning Nasdaq’s Ability To Request Information From a Listed Company Regarding the Number of Unrestricted Publicly Held Shares in Certain Circumstances and Halt Trading in the Company’s Security Upon the Request, and in Certain Circumstances Request a Plan To Increase the Number of Unrestricted Publicly Held Shares To an Amount That Is Higher Than the Applicable Publicly Held Shares Requirement July 16, 2020. jbell on DSKJLSW7X2PROD with NOTICES On November 22, 2019, The Nasdaq Stock Market LLC (‘‘Nasdaq’’ or the ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Exchange Act’’) 1 and Rule 19b–4 thereunder,2 a proposed rule change to adopt a rule specifying Nasdaq’s ability to request information from a listed company regarding the number of unrestricted publicly held shares when Nasdaq observes unusual trading characteristics in a security or a company announces an event that may cause a contracting in the number of unrestricted publicly held shares, halt trading in such company’s securities upon such a request, and potentially request a listed company to increase its number of unrestricted publicly held shares. The proposed rule change was published for comment in the Federal Register on December 12, 2019.3 On January 24, 2020, pursuant to Section 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Securities Exchange Act Release No. 87677 (December 6, 2019), 84 FR 67974 (December 12, 2019). Comment on the proposed rule change can be found at: https://www.sec.gov/comments/srnasdaq-2019-091/srnasdaq2019091.htm. 2 17 VerDate Sep<11>2014 18:11 Jul 21, 2020 Jkt 250001 19(b(2) of the Exchange Act,4 the Commission designated a longer period within which to either approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether to disapprove the proposed rule change.5 On March 4, 2020, the Commission instituted proceedings under Section 19(b)(2)(B) of the Exchange Act 6 to determine whether to approve or disapprove the proposed rule change.7 On June 5, 2020, the Commission designated a longer period for Commission action on the proposed rule change.8 On July 8, 2020, the Exchange withdrew the proposed rule change (SR–NASDAQ–2019–091). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.9 J. Matthew DeLesDernier, Assistant Secretary. [FR Doc. 2020–15791 Filed 7–21–20; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–89329; File No. SR–BOX– 2020–16] Self-Regulatory Organizations; BOX Exchange LLC; Notice of Designation of Longer Period for Commission Action on a Proposed Rule Change in Connection With the Proposed Commencement of Operations of Boston Security Token Exchange LLC (‘‘BSTX’’) as a Facility of the Exchange July 16, 2020. On May 21, 2020, BOX Exchange LLC (the ‘‘Exchange’’) 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 in connection with the proposed commencement of operations of Boston Security Token Exchange LLC as a facility of the Exchange. The proposed rule change was published for comment U.S.C. 78s(b)(2). Securities Exchange Act Release No. 88028 (January 24, 2020), 85 FR 5500 (January 30, 2020). 6 15 U.S.C. 78s(b)(2)(B). 7 See Securities Exchange Act Release No. 88315, 85 FR 13954 (March 10, 2020). 8 See Securities Exchange Act Release No. 89206, 85 FR 35687 (June 11, 2020). The Commission designated August 8, 2020, as the date by which it should approve or disapprove the proposed rule change. 9 17 CFR 200.30–3(a)(12). 1 15 U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. PO 00000 44333 in the Federal Register on June 1, 2020.3 The Commission has received no comment letters on the proposed rule change. 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 after publication of the notice for this proposed rule change is July 16, 2020. The Commission hereby 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 within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change. Accordingly, pursuant to Section 19(b)(2) of the Act,5 the Commission designates August 30, 2020, as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change (File No. SR–BOX–2020–16). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.6 J. Matthew DeLesDernier, Assistant Secretary. [FR Doc. 2020–15790 Filed 7–21–20; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–89334; File No. SR– NASDAQ–2020–037] Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of Proposed Rule Change To Adopt a New ‘‘Early Market On Close’’ Order Type 4 15 5 See Frm 00066 Fmt 4703 Sfmt 4703 July 16, 2020. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 3 See Securities Exchange Act Release No. 88949 (May 26, 2020), 85 FR 33258. 4 15 U.S.C. 78s(b)(2). 5 Id. 6 17 CFR 200.30–3(a)(31). 1 15 U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. E:\FR\FM\22JYN1.SGM 22JYN1

Agencies

[Federal Register Volume 85, Number 141 (Wednesday, July 22, 2020)]
[Notices]
[Page 44333]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-15791]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-89331; File No. SR-NASDAQ-2019-091]


Self-Regulatory Organizations; The Nasdaq Stock Market LLC; 
Notice of Withdrawal of Proposed Rule Change To Adopt a New Rule 
Concerning Nasdaq's Ability To Request Information From a Listed 
Company Regarding the Number of Unrestricted Publicly Held Shares in 
Certain Circumstances and Halt Trading in the Company's Security Upon 
the Request, and in Certain Circumstances Request a Plan To Increase 
the Number of Unrestricted Publicly Held Shares To an Amount That Is 
Higher Than the Applicable Publicly Held Shares Requirement

July 16, 2020.
    On November 22, 2019, The Nasdaq Stock Market LLC (``Nasdaq'' or 
the ``Exchange'') filed with the Securities and Exchange Commission 
(``Commission''), pursuant to Section 19(b)(1) of the Securities 
Exchange Act of 1934 (``Exchange Act'') \1\ and Rule 19b-4 
thereunder,\2\ a proposed rule change to adopt a rule specifying 
Nasdaq's ability to request information from a listed company regarding 
the number of unrestricted publicly held shares when Nasdaq observes 
unusual trading characteristics in a security or a company announces an 
event that may cause a contracting in the number of unrestricted 
publicly held shares, halt trading in such company's securities upon 
such a request, and potentially request a listed company to increase 
its number of unrestricted publicly held shares.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------

    The proposed rule change was published for comment in the Federal 
Register on December 12, 2019.\3\ On January 24, 2020, pursuant to 
Section 19(b(2) of the Exchange Act,\4\ the Commission designated a 
longer period within which to either approve the proposed rule change, 
disapprove the proposed rule change, or institute proceedings to 
determine whether to disapprove the proposed rule change.\5\ On March 
4, 2020, the Commission instituted proceedings under Section 
19(b)(2)(B) of the Exchange Act \6\ to determine whether to approve or 
disapprove the proposed rule change.\7\ On June 5, 2020, the Commission 
designated a longer period for Commission action on the proposed rule 
change.\8\ On July 8, 2020, the Exchange withdrew the proposed rule 
change (SR-NASDAQ-2019-091).
---------------------------------------------------------------------------

    \3\ See Securities Exchange Act Release No. 87677 (December 6, 
2019), 84 FR 67974 (December 12, 2019). Comment on the proposed rule 
change can be found at: https://www.sec.gov/comments/sr-nasdaq-2019-091/srnasdaq2019091.htm.
    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 88028 (January 24, 
2020), 85 FR 5500 (January 30, 2020).
    \6\ 15 U.S.C. 78s(b)(2)(B).
    \7\ See Securities Exchange Act Release No. 88315, 85 FR 13954 
(March 10, 2020).
    \8\ See Securities Exchange Act Release No. 89206, 85 FR 35687 
(June 11, 2020). The Commission designated August 8, 2020, as the 
date by which it should approve or disapprove the proposed rule 
change.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\9\
---------------------------------------------------------------------------

    \9\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-15791 Filed 7-21-20; 8:45 am]
BILLING CODE 8011-01-P
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