[Federal Register Volume 69, Number 15 (Friday, January 23, 2004)]
[Notices]
[Pages 3422-3423]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-1456]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-49050; File No. SR-PHLX-2003-75]


Self-Regulatory Organizations; Notice of Designation of Longer 
Period for Commission Action on a Proposed Rule Change by the 
Philadelphia Stock Exchange, Inc.

January 9, 2004.
    On November 17, 2003, the Philadelphia Stock Exchange, Inc. 
(``PHLX'' or ``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 amend PHLX Rule 1064. Notice 
of the proposed rule change was published for public comment in the 
Federal Register

[[Page 3423]]

on December 16, 2003.\3\ The notice provided that comments on the 
proposed rule change should be submitted to the Commission by January 
6, 2004.
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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. 48875 (December 4, 
2003), 68 FR 70072.
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    Section 19(b)(2) of the Act \4\ provides that within thirty-five 
days of the publication of notice of the filing of a proposed rule 
change, or within such longer period as the Commission may designate up 
to ninety days of such date if it finds such longer period to be 
appropriate and publishes its reasons for so finding the Commission 
shall either approve the proposed rule change or institute proceedings 
to determine whether the proposed rule change should be disapproved. 
That thirty-five day period will end on January 20, 2004, with respect 
to the proposed rule change. The Commission has received comments on 
the proposed rule change, which it is still reviewing. The Commission 
finds it 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 comments.
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    \4\ 15 U.S.C. 78s(b)(2).
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    Accordingly, the Commission hereby designates March 15, 2004 as the 
date by which the Commission shall either approve the proposed rule 
change or institute proceedings to determine whether to disapprove it.

For the Commission by the Division of Market Regulation, pursuant to 
delegated authority.\5\
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    \5\ 17 CFR 200.30-3(a)(31).
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Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 04-1456 Filed 1-22-04; 8:45 am]
BILLING CODE 8010-01-P