[Federal Register Volume 85, Number 33 (Wednesday, February 19, 2020)]
[Notices]
[Pages 9513-9514]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-03185]


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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-88186; File No. SR-IEX-2019-15]


Self-Regulatory Organizations; Investors Exchange LLC; Notice of 
Designation of Longer Period for Commission Action on a Proposed Rule 
Change To Add a New Discretionary Limit Order Type Called D-Limit

February 12, 2020.
    On December 16, 2019, the Investors Exchange LLC (``IEX'' or the 
``Exchange'') filed with the Securities and Exchange Commission 
(``Commission''), pursuant to Section 19(b)(1) of the Securities 
Exchange Act of 1934 (``Exchange Act'') \1\ and Rule 19b-4 
thereunder,\2\ a proposed rule change to adopt a new order type, the 
Discretionary Limit or ``D-Limit.'' The

[[Page 9514]]

proposed rule change was published for comment in the Federal Register 
on December 30, 2019.\3\ The Commission has received 19 comment letters 
on the proposed rule change.\4\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 87814 (December 20, 
2019), 84 FR 71997.
    \4\ The comment letters are available at: https://www.sec.gov/comments/sr-iex-2019-15/sriex201915.htm.
---------------------------------------------------------------------------

    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 February 13, 2020.
---------------------------------------------------------------------------

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

    The Commission hereby is extending this 45-day time period. 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, including the 
comment letters received thereon.
    Accordingly, pursuant to Section 19(b)(2) of the Act,\6\ the 
Commission designates March 29, 2020, as the date by which the 
Commission shall either approve, disapprove, or institute proceedings 
to determine whether to disapprove, the proposed rule change (File No. 
SR-IEX-2019-15).
---------------------------------------------------------------------------

    \6\ Id.

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

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

J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-03185 Filed 2-18-20; 8:45 am]
 BILLING CODE 8011-01-P