Joint Industry Plan; Notice of Designation of a Longer Period for Commission Action on the Twenty-Third Amendment to the National Market System Plan To Address Extraordinary Market Volatility, 43969 [2024-10944]

Download as PDF Federal Register / Vol. 89, No. 98 / Monday, May 20, 2024 / Notices takes effect. Accordingly, the Commission hereby waives the 30-day operative delay specified in Rule 19b– 4(f)(6)(iii) and designates the proposed rule change to be operative on June 1, 2024.78 At any time within 60 days of the filing of the 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 Exchange Act. 10:00 a.m. and 3:00 p.m. Copies of the filing also will be available for inspection and copying at the principal office of the MSRB. Do not include personal identifiable information in submissions; you should submit only information that you wish to make available publicly. We may redact in part or withhold entirely from publication submitted material that is obscene or subject to copyright protection. All submissions should refer to File Number SR–MSRB–2024–04 and should be submitted on or before June 10, 2024. 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 Exchange Act. Comments may be submitted by any of the following methods: For the Commission, pursuant to delegated authority.79 Sherry R. Haywood, Assistant Secretary. lotter on DSK11XQN23PROD with NOTICES1 Electronic Comments • Use the Commission’s internet comment form (https://www.sec.gov/ rules/sro.shtml); or • Send an email to rule-comments@ sec.gov. Please include File Number SR– MSRB–2024–04 on the subject line. Paper Comments • Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549. All submissions should refer to File Number SR–MSRB–2024–04. This file number should be included on the subject line if email 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 internet website (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 website viewing and printing in the Commission’s Public Reference Room, 100 F Street NE, Washington, DC 20549 on official business days between the hours of 78 For the purpose of waiving the 30-day 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). VerDate Sep<11>2014 19:14 May 17, 2024 Jkt 262001 [FR Doc. 2024–10947 Filed 5–17–24; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–100127; File No. 4–631] Joint Industry Plan; Notice of Designation of a Longer Period for Commission Action on the TwentyThird Amendment to the National Market System Plan To Address Extraordinary Market Volatility May 14, 2024. On October 24, 2023, NYSE Group, Inc., on behalf of the Participants 1 to the National Market System Plan to Address Extraordinary Market Volatility (‘‘Plan’’), filed with the Securities and Exchange Commission (‘‘Commission’’), pursuant to section 11A(a)(3) of the Securities Exchange Act of 1934 (‘‘Exchange Act’’) 2 and Rule 608 thereunder,3 a proposal (‘‘Proposed Amendment’’) to amend the Plan. The Proposed Amendment was published for comment in the Federal Register on November 21, 2023.4 On February 15, 2024, the Commission instituted proceedings 79 17 CFR 200.30–3(a)(12). Participants are: Cboe BYX Exchange, Inc., Cboe BZX Exchange, Inc., Cboe EDGA Exchange, Inc., Cboe EDGX Exchange, Inc., The Financial Industry Regulatory Authority, Inc., Investors Exchange LLC, Long-Term Stock Exchange, Inc., MEMX LLC, MIAX Pearl, LLC, NASDAQ BX, Inc., NASDAQ PHLX LLC, The NASDAQ Stock Market LLC, New York Stock Exchange LLC, NYSE American LLC, NYSE Arca, Inc., NYSE Chicago, Inc., and NYSE National, Inc. (collectively, ‘‘Participants’’). 2 15 U.S.C. 78k–1(a)(3). 3 17 CFR 242.608. 4 See Securities Exchange Act Release No. 98928 (November 14, 2023), 88 FR 81131 (‘‘Notice’’). Comments received in response to the Notice can be found on the Commission’s website at: https:// www.sec.gov/comments/4-631/4-631.htm. 1 The PO 00000 Frm 00170 Fmt 4703 Sfmt 9990 43969 pursuant to Rule 608(b)(2)(i) of Regulation NMS 5 under the Exchange Act to determine whether to approve or disapprove the Proposed Amendment or to approve the Proposed Amendment with any changes or subject to any conditions the Commission deems necessary or appropriate after considering public comment.6 Rule 608(b)(2)(i) of Regulation NMS provides that proceedings to determine whether a plan or amendment should be disapproved shall be concluded within 180 days of the date of publication of notice of the plan or amendment and that the time for conclusion of such proceedings may be extended for up to 60 days (up to 240 days from the date of notice publication) if the Commission determines that a longer period is appropriate and publishes the reasons for such determination or the plan participants consent to a longer period.7 The 180th day after publication of the Notice for the Proposed Amendment is May 19, 2024. The Commission is extending this 180-day period. The Commission finds that it is appropriate to designate a longer period within which to conclude proceedings regarding the Proposed Amendment so that it has sufficient time to consider the Proposed Amendment and the comments received. Accordingly, pursuant to Rule 608(b)(2)(i) of Regulation NMS,8 the Commission designates July 18, 2024 as the date by which the Commission shall conclude the proceedings to determine whether to approve or disapprove the Proposed Amendment or to approve the Proposed Amendment with any changes or subject to any conditions the Commission deems necessary or appropriate (File No. 4–631). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.9 Sherry R. Haywood, Assistant Secretary. [FR Doc. 2024–10944 Filed 5–17–24; 8:45 am] BILLING CODE 8011–01–P 5 17 CFR 242.608(b)(2)(i). Securities Exchange Act Release No. 99545 (February 15, 2024), 89 FR 13389 (February 22, 2024) (‘‘OIP’’). Comments received in response to the OIP can be found on the Commission’s website at: https://www.sec.gov/comments/4-631/4-631.htm 7 17 CFR 242.608(b)(2)(i). 8 Id. 9 17 CFR 200.30–3(a)(85). 6 See E:\FR\FM\20MYN1.SGM 20MYN1

Agencies

[Federal Register Volume 89, Number 98 (Monday, May 20, 2024)]
[Notices]
[Page 43969]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-10944]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-100127; File No. 4-631]


Joint Industry Plan; Notice of Designation of a Longer Period for 
Commission Action on the Twenty-Third Amendment to the National Market 
System Plan To Address Extraordinary Market Volatility

May 14, 2024.
    On October 24, 2023, NYSE Group, Inc., on behalf of the 
Participants \1\ to the National Market System Plan to Address 
Extraordinary Market Volatility (``Plan''), filed with the Securities 
and Exchange Commission (``Commission''), pursuant to section 11A(a)(3) 
of the Securities Exchange Act of 1934 (``Exchange Act'') \2\ and Rule 
608 thereunder,\3\ a proposal (``Proposed Amendment'') to amend the 
Plan. The Proposed Amendment was published for comment in the Federal 
Register on November 21, 2023.\4\
---------------------------------------------------------------------------

    \1\ The Participants are: Cboe BYX Exchange, Inc., Cboe BZX 
Exchange, Inc., Cboe EDGA Exchange, Inc., Cboe EDGX Exchange, Inc., 
The Financial Industry Regulatory Authority, Inc., Investors 
Exchange LLC, Long-Term Stock Exchange, Inc., MEMX LLC, MIAX Pearl, 
LLC, NASDAQ BX, Inc., NASDAQ PHLX LLC, The NASDAQ Stock Market LLC, 
New York Stock Exchange LLC, NYSE American LLC, NYSE Arca, Inc., 
NYSE Chicago, Inc., and NYSE National, Inc. (collectively, 
``Participants'').
    \2\ 15 U.S.C. 78k-1(a)(3).
    \3\ 17 CFR 242.608.
    \4\ See Securities Exchange Act Release No. 98928 (November 14, 
2023), 88 FR 81131 (``Notice''). Comments received in response to 
the Notice can be found on the Commission's website at: https://www.sec.gov/comments/4-631/4-631.htm.
---------------------------------------------------------------------------

    On February 15, 2024, the Commission instituted proceedings 
pursuant to Rule 608(b)(2)(i) of Regulation NMS \5\ under the Exchange 
Act to determine whether to approve or disapprove the Proposed 
Amendment or to approve the Proposed Amendment with any changes or 
subject to any conditions the Commission deems necessary or appropriate 
after considering public comment.\6\
---------------------------------------------------------------------------

    \5\ 17 CFR 242.608(b)(2)(i).
    \6\ See Securities Exchange Act Release No. 99545 (February 15, 
2024), 89 FR 13389 (February 22, 2024) (``OIP''). Comments received 
in response to the OIP can be found on the Commission's website at: 
https://www.sec.gov/comments/4-631/4-631.htm
---------------------------------------------------------------------------

    Rule 608(b)(2)(i) of Regulation NMS provides that proceedings to 
determine whether a plan or amendment should be disapproved shall be 
concluded within 180 days of the date of publication of notice of the 
plan or amendment and that the time for conclusion of such proceedings 
may be extended for up to 60 days (up to 240 days from the date of 
notice publication) if the Commission determines that a longer period 
is appropriate and publishes the reasons for such determination or the 
plan participants consent to a longer period.\7\ The 180th day after 
publication of the Notice for the Proposed Amendment is May 19, 2024. 
The Commission is extending this 180-day period.
---------------------------------------------------------------------------

    \7\ 17 CFR 242.608(b)(2)(i).
---------------------------------------------------------------------------

    The Commission finds that it is appropriate to designate a longer 
period within which to conclude proceedings regarding the Proposed 
Amendment so that it has sufficient time to consider the Proposed 
Amendment and the comments received. Accordingly, pursuant to Rule 
608(b)(2)(i) of Regulation NMS,\8\ the Commission designates July 18, 
2024 as the date by which the Commission shall conclude the proceedings 
to determine whether to approve or disapprove the Proposed Amendment or 
to approve the Proposed Amendment with any changes or subject to any 
conditions the Commission deems necessary or appropriate (File No. 4-
631).
---------------------------------------------------------------------------

    \8\ Id.

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

    \9\ 17 CFR 200.30-3(a)(85).
---------------------------------------------------------------------------

Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-10944 Filed 5-17-24; 8:45 am]
BILLING CODE 8011-01-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.