[Federal Register Volume 89, Number 98 (Monday, May 20, 2024)]
[Notices]
[Page 43969]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-10944]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-100127; File No. 4-631]


Joint Industry Plan; Notice of Designation of a Longer Period for 
Commission Action on the Twenty-Third Amendment to the National Market 
System Plan To Address Extraordinary Market Volatility

May 14, 2024.
    On October 24, 2023, NYSE Group, Inc., on behalf of the 
Participants \1\ to the National Market System Plan to Address 
Extraordinary Market Volatility (``Plan''), filed with the Securities 
and Exchange Commission (``Commission''), pursuant to section 11A(a)(3) 
of the Securities Exchange Act of 1934 (``Exchange Act'') \2\ and Rule 
608 thereunder,\3\ a proposal (``Proposed Amendment'') to amend the 
Plan. The Proposed Amendment was published for comment in the Federal 
Register on November 21, 2023.\4\
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    \1\ The Participants are: Cboe BYX Exchange, Inc., Cboe BZX 
Exchange, Inc., Cboe EDGA Exchange, Inc., Cboe EDGX Exchange, Inc., 
The Financial Industry Regulatory Authority, Inc., Investors 
Exchange LLC, Long-Term Stock Exchange, Inc., MEMX LLC, MIAX Pearl, 
LLC, NASDAQ BX, Inc., NASDAQ PHLX LLC, The NASDAQ Stock Market LLC, 
New York Stock Exchange LLC, NYSE American LLC, NYSE Arca, Inc., 
NYSE Chicago, Inc., and NYSE National, Inc. (collectively, 
``Participants'').
    \2\ 15 U.S.C. 78k-1(a)(3).
    \3\ 17 CFR 242.608.
    \4\ See Securities Exchange Act Release No. 98928 (November 14, 
2023), 88 FR 81131 (``Notice''). Comments received in response to 
the Notice can be found on the Commission's website at: https://www.sec.gov/comments/4-631/4-631.htm.
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    On February 15, 2024, the Commission instituted proceedings 
pursuant to Rule 608(b)(2)(i) of Regulation NMS \5\ under the Exchange 
Act to determine whether to approve or disapprove the Proposed 
Amendment or to approve the Proposed Amendment with any changes or 
subject to any conditions the Commission deems necessary or appropriate 
after considering public comment.\6\
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    \5\ 17 CFR 242.608(b)(2)(i).
    \6\ See Securities Exchange Act Release No. 99545 (February 15, 
2024), 89 FR 13389 (February 22, 2024) (``OIP''). Comments received 
in response to the OIP can be found on the Commission's website at: 
https://www.sec.gov/comments/4-631/4-631.htm
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    Rule 608(b)(2)(i) of Regulation NMS provides that proceedings to 
determine whether a plan or amendment should be disapproved shall be 
concluded within 180 days of the date of publication of notice of the 
plan or amendment and that the time for conclusion of such proceedings 
may be extended for up to 60 days (up to 240 days from the date of 
notice publication) if the Commission determines that a longer period 
is appropriate and publishes the reasons for such determination or the 
plan participants consent to a longer period.\7\ The 180th day after 
publication of the Notice for the Proposed Amendment is May 19, 2024. 
The Commission is extending this 180-day period.
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    \7\ 17 CFR 242.608(b)(2)(i).
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    The Commission finds that it is appropriate to designate a longer 
period within which to conclude proceedings regarding the Proposed 
Amendment so that it has sufficient time to consider the Proposed 
Amendment and the comments received. Accordingly, pursuant to Rule 
608(b)(2)(i) of Regulation NMS,\8\ the Commission designates July 18, 
2024 as the date by which the Commission shall conclude the proceedings 
to determine whether to approve or disapprove the Proposed Amendment or 
to approve the Proposed Amendment with any changes or subject to any 
conditions the Commission deems necessary or appropriate (File No. 4-
631).
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    \8\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\9\
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    \9\ 17 CFR 200.30-3(a)(85).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-10944 Filed 5-17-24; 8:45 am]
BILLING CODE 8011-01-P