[Federal Register Volume 78, Number 114 (Thursday, June 13, 2013)]
[Notices]
[Pages 35653-35654]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-13999]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-69718; File No. SR-NASDAQ-2012-117]


Self-Regulatory Organizations; The NASDAQ Stock Market LLC; 
Notice of Withdrawal of Proposed Rule Change With Respect to INAV 
Pegged Orders for ETFs

June 7, 2013.
    On October 2, 2012, 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 
amend NASDAQ Rule 4751(f)(4) to include a new Intraday Net Asset Value 
(``INAV'') Pegged Order for Exchange-Traded Funds (``ETFs'') where the 
component stocks underlying the ETFs are U.S. Component Stocks as 
defined by Rule 5705(a)(1)(C) and 5705(b)(1)(D). The proposed rule 
change was published for comment in the

[[Page 35654]]

Federal Register on October 18, 2012.\3\ The Commission received one 
comment letter on the proposal.\4\ On November 21, 2012, pursuant to 
Section 19(b)(2) of the Act,\5\ the Commission extended the time period 
for Commission action on the proposed rule change to January 16, 
2013.\6\ The Commission thereafter received one response letter from 
the Exchange.\7\ On January 16, 2013, the Commission instituted 
proceedings to determine whether to approve or disapprove the proposed 
rule change.\8\ The Commission thereafter received one comment letter 
and one response letter from the Exchange.\9\ On April 11, 2013, the 
Commission issued a notice of designation of a longer period for 
Commission action on proceedings to determine whether to disapprove the 
proposed rule change.\10\ On June 6, 2013, the Exchange withdrew the 
proposed rule change (SR-NASDAQ-2012-117).
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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. 68042 (Oct. 12, 
2012), 77 FR 64167.
    \4\ See Letter from Dorothy Donohue, Deputy General Counsel, 
Investment Company Institute, dated Nov. 8, 2012.
    \5\ 15 U.S.C. 78s(b)(2).
    \6\ See Securities Exchange Act Release No. 68279, 77 FR 70857 
(Nov. 27, 2012).
    \7\ See Letter from Stephen Matthews, Senior Associate General 
Counsel, NASDAQ OMX, dated Jan. 15, 2013.
    \8\ See Securities Exchange Act Release No. 68672, 78 FR 4949 
(Jan. 23, 2013).
    \9\ See Letter from Dorothy Donohue, Deputy General Counsel, 
Investment Company Institute, dated Feb. 13, 2013. See Letter from 
Jeffrey S. Davis, Vice President and Deputy General Counsel, NASDAQ 
OMX, dated Feb. 27, 2013.
    \10\ See Securities Exchange Act Release No. 69363, 78 FR 22925 
(Apr. 17, 2013).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\11\
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    \11\ 17 CFR 200.30-3(a)(12).
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Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-13999 Filed 6-12-13; 8:45 am]
BILLING CODE 8011-01-P