[Federal Register Volume 81, Number 163 (Tuesday, August 23, 2016)]
[Notices]
[Page 57642]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-20060]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-78598; File No. SR-NYSEMKT-2016-52]


Self-Regulatory Organizations; NYSE MKT LLC; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change Amending Rules 340, 341, and 359 To Extend the Time Within Which 
a Member, Member Organization, or an ATP Holder Must File a Uniform 
Termination Notice for Securities Industry Registration (``U5'')

August 17, 2016.
    On June 16, 2016, NYSE MKT LLC 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 Rules 340, 341, and 359 
to extend the time within which a member, member organization, or an 
ATP Holder must file a U5. The proposed rule change was published for 
comment in the Federal Register on July 7, 2016.\3\ The Commission 
received one comment letter on the proposal and a response to the 
comments from NYSE MKT LLC.\4\
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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. 78198 (June 30, 
2016), 81 FR 44363.
    \4\ See letter from Judith Shaw, President, North American 
Securities Administrators Association, Inc., to Brent J. Fields, 
Secretary, Securities and Exchange Commission, dated August 3, 2016 
and letter from Elizabeth K. King, General Counsel and Corporate 
Secretary, New York Stock Exchange to Brent J. Fields, Secretary, 
SEC, dated August 12, 2016.
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    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 after publication of the notice for this proposed rule change 
is August 21, 2016. The Commission is extending this 45-day time 
period.
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    \5\ 15 U.S.C. 78s(b)(2).
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    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 comment received and the response to 
the comment regarding the proposed rule change. Accordingly, the 
Commission, pursuant to Section 19(b)(2) of the Act,\6\ designates 
October 5, 2016, as the date by which the Commission shall either 
approve or disapprove, or institute proceedings to determine whether to 
disapprove, the proposed rule change (File No. SR-NYSEMKT-2016-52).
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    \6\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
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    \7\ 17 CFR 200.30-3(a)(31).
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Brent J. Fields,
Secretary.
[FR Doc. 2016-20060 Filed 8-22-16; 8:45 am]
 BILLING CODE 8011-01-P