[Federal Register Volume 79, Number 56 (Monday, March 24, 2014)]
[Notices]
[Page 16072]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-06303]


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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-71733; File No. SR-NYSEArca-2014-04]


Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of 
Designation of Longer Period for Commission Action on Proposed Rule 
Change To Amend Its Rules by Revising the Order of Priority of Bids and 
Offers When Executing Orders in Open Outcry

March 18, 2014.
    On January 15, 2014, NYSE Arca, Inc. (``NYSE Arca'' 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 its rules by revising the order of 
priority of bids and offers when executing orders in open outcry. The 
proposed rule change was published for comment in the Federal Register 
on February 3, 2014.\3\ The Commission received nine comment letters 
from seven commenters.\4\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 71425 (January 28, 
2014), 79 FR 6258.
    \4\ See Letter from Darren Story, dated January 29, 2014 
(``Story Letter''); Letter from Abraham Kohen, AK FE Consultants, 
dated January 31, 2014 (``Kohen Letter I''); Letter from David 
Spack, Chief Compliance Officer, Casey Securities, LLC, dated 
February 3, 2014 (``Casey Letter''); Letter from Abraham Kohen, AK 
FE Consultants, dated February 4, 2014 (``Kohen Letter II''); Letter 
from Angel Alvira, dated February 12, 2014 (``Alvira Letter''); 
Letter from Donald Hart, dated February 12, 2014 (``Hart Letter 
I''); Letter from Doug Patterson, Chief Compliance Officer, Cutler 
Group, LP, dated February 13, 2014 (``Cutler Letter''); Letter from 
Donald Hart, dated February 18, 2014 (``Hart Letter II''); and 
Letter from Gerald D. O'Connell, Chief Regulatory Officer, 
Susquehanna International Group, LLP, dated March 14, 2014 (``SIG 
Letter'').
---------------------------------------------------------------------------

    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 these proposed rule changes should be disapproved. 
The 45th day for this filing is March 20, 2014.
---------------------------------------------------------------------------

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

    The Commission is extending the 45-day time period for Commission 
action on the proposed rule change. The Commission finds that it is 
appropriate to designate a longer period within which to take action on 
the proposed rule change so that it has sufficient time to consider and 
take action on the Exchange's proposed rule change.
    Accordingly, pursuant to Section 19(b)(2)(A)(ii)(I) of the Act \6\ 
and for the reasons stated above, the Commission designates May 2, 
2014, 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-NYSEArca-2014-04).
---------------------------------------------------------------------------

    \6\ 15 U.S.C. 78s(b)(2)(A)(ii)(I).
    \7\ 17 CFR 200.30-3(a)(31).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-06303 Filed 3-21-14; 8:45 am]
BILLING CODE 8011-01-P