Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 2, To Create a New, Non-Trading Limited Underwriter Membership Class and Impose Related Requirements for Principal Underwriting Activity, 6559 [2024-01949]

Download as PDF Federal Register / Vol. 89, No. 22 / Thursday, February 1, 2024 / Notices Dated: January 29, 2024. Vanessa A. Countryman, Secretary. [FR Doc. 2024–02041 Filed 1–29–24; 4:15 pm] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–99433; File No. SR– NASDAQ–2023–022] Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 2, To Create a New, Non-Trading Limited Underwriter Membership Class and Impose Related Requirements for Principal Underwriting Activity January 26, 2024. On July 12, 2023, The Nasdaq Stock Market LLC (‘‘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 to create a new, non-trading limited underwriter membership class and impose related requirements for principal underwriting activity in connection with a company applying for initial listing on the exchange with a transaction involving an underwriter. The proposed rule change was published for comment in the Federal Register on July 31, 2023.3 On September 12, 2023, pursuant to Section 19(b)(2) of the Act,4 the Commission designated a longer period within which to approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether to disapprove the proposed rule change.5 On September 29, 2023, the Commission instituted proceedings under Section 19(b)(2)(B) of Act 6 to determine whether to approve or disapprove the proposed rule change.7 On September 29, 2023, the Exchange filed Amendment No. 1 to the ddrumheller on DSK120RN23PROD with NOTICES1 1 15 U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 3 See Securities Exchange Act Release No. 97985 (July 25, 2023), 88 FR 49508. 4 15 U.S.C. 78s(b)(2). 5 See Securities Exchange Act Release No. 98366, 88 FR 63999 (Sept. 18, 2023). The Commission designated October 29, 2023, as the date by which the Commission shall approve or disapprove, or institute proceedings to determine whether to approve or disapprove, the proposed rule change. 6 15 U.S.C. 78s(b)(2)(B). 7 See Securities Exchange Act Release No. 98659, 88 FR 68726 (Oct. 4, 2023). VerDate Sep<11>2014 17:12 Jan 31, 2024 Jkt 262001 proposed rule change, which amended and replaced the proposed rule change in its entirety.8 On January 22, 2024, the Exchange filed Amendment No. 2 to the proposed rule change which amended and replaced the proposed rule change, as modified by Amendment No. 1, in its entirety.9 The Commission has received no comment letters on the proposed rule change. Section 19(b)(2) of the Act 10 provides that, after initiating proceedings, the Commission shall issue an order approving or disapproving the proposed rule change not later than 180 days after the date of publication of notice of filing of the proposed rule change. The Commission may extend the period for issuing an order approving or disapproving the proposed rule change, however, by not more than 60 days if the Commission determines that a longer period is appropriate and publishes the reasons for such determination. The proposed rule change was published for comment in the Federal Register on July 31, 2023.11 The 180th day after publication of the proposed rule change is January 27, 2024. The Commission is extending the time period for approving or disapproving the proposed rule change, as modified by Amendment No. 2, for an additional 60 days. The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change, as modified by Amendment No. 2, so that it has sufficient time to consider the proposed rule change, as modified by Amendment No. 2. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,12 designates March 27, 2024, as the date by which the Commission shall either approve or disapprove the proposed rule change, as modified by Amendment No. 2 (File No. SR–NASDAQ–2023–022). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.13 Sherry R. Haywood, Assistant Secretary. [FR Doc. 2024–01949 Filed 1–31–24; 8:45 am] BILLING CODE 8011–01–P 8 Amendment No. 1 is available at https:// www.sec.gov/comments/sr-nasdaq-2023-022/ srnasdaq2023022-267740-644342.pdf. 9 Amendment No. 2 is available at https:// www.sec.gov/comments/sr-nasdaq-2023-022/srnas daq2023022-414859-982462.pdf. 10 15 U.S.C. 78s(b)(2). 11 See supra note 3. 12 15 U.S.C. 78s(b)(2). 13 17 CFR 200.30–3(a)(57). PO 00000 Frm 00061 Fmt 4703 Sfmt 4703 6559 SMALL BUSINESS ADMINISTRATION [Disaster Declaration #20166 and #20167; Pennsylvania Disaster Number PA–20002] Administrative Declaration of a Disaster for the Commonwealth of Pennsylvania U.S. Small Business Administration. ACTION: Notice. AGENCY: This is a notice of an Administrative declaration of a disaster for the Commonwealth of Pennsylvania dated 01/25/2024. Incident: Severe Storms and Flooding. Incident Period: 09/09/2023. DATES: Issued on 01/25/2024. Physical Loan Application Deadline Date: 03/25/2024. Economic Injury (EIDL) Loan Application Deadline Date: 10/25/2024. ADDRESSES: Visit the MySBA Loan Portal at https://lending.sba.gov to apply for a disaster assistance loan. FOR FURTHER INFORMATION CONTACT: Vanessa Morgan, Office of Disaster Recovery & Resilience, U.S. Small Business Administration, 409 3rd Street SW, Suite 6050, Washington, DC 20416, (202) 205–6734. SUPPLEMENTARY INFORMATION: Notice is hereby given that as a result of the Administrator’s disaster declaration, applications for disaster loans may be submitted online using the MySBA Loan Portal https://lending.sba.gov or other locally announced locations. Please contact the SBA disaster assistance customer service center by email at disastercustomerservice@ sba.gov or by phone at 1–800–659–2955 for further assistance. The following areas have been determined to be adversely affected by the disaster: Primary Counties: Lackawanna Contiguous Counties: Pennsylvania Luzerne, Monroe, Susquehanna, Wayne, Wyoming The Interest Rates are: SUMMARY: Percent For Physical Damage: Homeowners with Credit Available Elsewhere .................... Homeowners without Credit Available Elsewhere ............ Businesses with Credit Available Elsewhere .................... Businesses without Credit Available Elsewhere ............ Non-Profit Organizations with Credit Available Elsewhere Non-Profit Organizations without Credit Available Elsewhere ................................... E:\FR\FM\01FEN1.SGM 01FEN1 5.000 2.500 8.000 4.000 2.375 2.375

Agencies

[Federal Register Volume 89, Number 22 (Thursday, February 1, 2024)]
[Notices]
[Page 6559]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-01949]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-99433; File No. SR-NASDAQ-2023-022]


Self-Regulatory Organizations; The Nasdaq Stock Market LLC; 
Notice of Designation of a Longer Period for Commission Action on 
Proceedings To Determine Whether To Approve or Disapprove a Proposed 
Rule Change, as Modified by Amendment No. 2, To Create a New, Non-
Trading Limited Underwriter Membership Class and Impose Related 
Requirements for Principal Underwriting Activity

January 26, 2024.
    On July 12, 2023, The Nasdaq Stock Market LLC (``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 to create a 
new, non-trading limited underwriter membership class and impose 
related requirements for principal underwriting activity in connection 
with a company applying for initial listing on the exchange with a 
transaction involving an underwriter. The proposed rule change was 
published for comment in the Federal Register on July 31, 2023.\3\
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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. 97985 (July 25, 
2023), 88 FR 49508.
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    On September 12, 2023, pursuant to Section 19(b)(2) of the Act,\4\ 
the Commission designated a longer period within which to approve the 
proposed rule change, disapprove the proposed rule change, or institute 
proceedings to determine whether to disapprove the proposed rule 
change.\5\ On September 29, 2023, the Commission instituted proceedings 
under Section 19(b)(2)(B) of Act \6\ to determine whether to approve or 
disapprove the proposed rule change.\7\ On September 29, 2023, the 
Exchange filed Amendment No. 1 to the proposed rule change, which 
amended and replaced the proposed rule change in its entirety.\8\ On 
January 22, 2024, the Exchange filed Amendment No. 2 to the proposed 
rule change which amended and replaced the proposed rule change, as 
modified by Amendment No. 1, in its entirety.\9\ The Commission has 
received no comment letters on the proposed rule change.
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    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 98366, 88 FR 63999 
(Sept. 18, 2023). The Commission designated October 29, 2023, as the 
date by which the Commission shall approve or disapprove, or 
institute proceedings to determine whether to approve or disapprove, 
the proposed rule change.
    \6\ 15 U.S.C. 78s(b)(2)(B).
    \7\ See Securities Exchange Act Release No. 98659, 88 FR 68726 
(Oct. 4, 2023).
    \8\ Amendment No. 1 is available at https://www.sec.gov/comments/sr-nasdaq-2023-022/srnasdaq2023022-267740-644342.pdf.
    \9\ Amendment No. 2 is available at https://www.sec.gov/comments/sr-nasdaq-2023-022/srnasdaq2023022-414859-982462.pdf.
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    Section 19(b)(2) of the Act \10\ provides that, after initiating 
proceedings, the Commission shall issue an order approving or 
disapproving the proposed rule change not later than 180 days after the 
date of publication of notice of filing of the proposed rule change. 
The Commission may extend the period for issuing an order approving or 
disapproving the proposed rule change, however, by not more than 60 
days if the Commission determines that a longer period is appropriate 
and publishes the reasons for such determination. The proposed rule 
change was published for comment in the Federal Register on July 31, 
2023.\11\ The 180th day after publication of the proposed rule change 
is January 27, 2024. The Commission is extending the time period for 
approving or disapproving the proposed rule change, as modified by 
Amendment No. 2, for an additional 60 days.
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    \10\ 15 U.S.C. 78s(b)(2).
    \11\ See supra note 3.
---------------------------------------------------------------------------

    The Commission finds it appropriate to designate a longer period 
within which to issue an order approving or disapproving the proposed 
rule change, as modified by Amendment No. 2, so that it has sufficient 
time to consider the proposed rule change, as modified by Amendment No. 
2. Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\12\ designates March 27, 2024, as the date by which the Commission 
shall either approve or disapprove the proposed rule change, as 
modified by Amendment No. 2 (File No. SR-NASDAQ-2023-022).
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    \12\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\13\
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    \13\ 17 CFR 200.30-3(a)(57).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-01949 Filed 1-31-24; 8:45 am]
BILLING CODE 8011-01-P
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