[Federal Register Volume 87, Number 191 (Tuesday, October 4, 2022)]
[Notices]
[Pages 60230-60231]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-21435]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-95937; File No. SR-FINRA-2022-025]


Self-Regulatory Organizations; Financial Industry Regulatory 
Authority, Inc.; Notice of Designation of a Longer Period for 
Commission Action on a Proposed Rule Change To Amend FINRA Rule 11880 
(Settlement of Syndicate Accounts) To Revise the Syndicate Account 
Settlement Timeframe for Corporate Debt Offerings

September 28, 2022.
    On August 5, 2022, the Financial Industry Regulatory Authority, 
Inc. (``FINRA'') 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

[[Page 60231]]

proposed rule change to amend FINRA Rule 11880 (Settlement of Syndicate 
Accounts) to revise the syndicate account settlement timeframe for 
corporate debt offerings. The proposed rule change was published for 
comment in the Federal Register on August 18, 2022.\3\
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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. 95494 (August 12, 
2022), 87 FR 50896 (August 18, 2022). Comments received on the 
proposed rule change are available at https://www.sec.gov/comments/sr-finra-2022-025/srfinra2022025.htm.
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    Section 19(b)(2) of the Act \4\ 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 October 2, 2022.
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    \4\ 15 U.S.C. 78s(b)(2).
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    The Commission is extending this 45-day time period. The Commission 
finds that it is appropriate to designate a longer period within which 
to take action on the proposed rule change in order to consider the 
proposed rule change and the comments received on the proposal. 
Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates November 16, 2022, 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-FINRA-2022-025).
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    \5\ Id.
    \6\ 17 CFR 200.30-3(a)(31).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2022-21435 Filed 10-3-22; 8:45 am]
BILLING CODE 8011-01-P