[Federal Register Volume 78, Number 116 (Monday, June 17, 2013)]
[Notices]
[Page 36284]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-14257]


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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-69736; File No. SR-NYSE-2013-21]


Self-Regulatory Organizations; New York Stock Exchange LLC; 
Notice of Designation of a Longer Period for Commission Action on 
Proposed Rule Change Amending NYSE Rule 104 To Codify Certain 
Traditional Trading Floor Functions That May Be Performed by Designated 
Market Makers, To Make Exchange Systems Available to DMMs That Would 
Provide DMMs With Certain Market Information, To Amend the Exchange's 
Rules Governing the Ability of DMMs To Provide Market Information to 
Floor Brokers, and To Make Conforming Amendments to Other Rules

June 11, 2013.
    On April 9, 2013, New York Stock 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 to 
amend NYSE Rule 104. The proposed rule change was published for comment 
in the Federal Register on April 29, 2013.\3\ The Commission received 
two comment letters on the proposal.\4\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 69427 (April 23, 
2013), 78 FR 25118. On April 18, 2013, the Exchange filed Partial 
Amendment No. 1 to the proposal. In Partial Amendment No. 1, the 
Exchange filed the Exhibit 3 which was not included in the April 9, 
2013 filing.
    \4\ See Letter to Elizabeth M. Murphy, Secretary, Commission, 
from Daniel Buenza, Lecturer in Management, London School of 
Economics and Yuval Millo, Professor of Social Studies of Finance, 
University of Leicester, dated May 20, 2013; Letter to Commission, 
from James J. Angel, Ph.D., CFA, Associate Professor of Finance, 
Georgetown University, McDonough School of Business, dated May 14, 
2013.
---------------------------------------------------------------------------

    Section 19(b)(2) of the Act \5\ 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 for this filing is June 13, 2013. The Commission is extending 
this 45-day time period.
---------------------------------------------------------------------------

    \5\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------

    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 this proposed rule change, which would 
amend NYSE Rule 104, and the potential issues raised by this proposal.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\6\ designates July 26, 2013 as the date by which the Commission 
should either approve or disapprove, or institute proceedings to 
determine whether to disapprove, the proposed rule change (File No. SR-
NYSE-2013-21).
---------------------------------------------------------------------------

    \6\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
---------------------------------------------------------------------------

    \7\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------

Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-14257 Filed 6-14-13; 8:45 am]
BILLING CODE 8011-01-P