[Federal Register Volume 89, Number 127 (Tuesday, July 2, 2024)]
[Notices]
[Page 54894]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-14519]



[[Page 54894]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-100437; File No. SR-NYSE-2024-23]


Self-Regulatory Organizations; New York Stock Exchange LLC; 
Notice of Designation of a Longer Period for Commission Action on 
Proposed Rule Change To Amend Section 703.12(II) of the NYSE Listed 
Company Manual To Expand the Circumstances Under Which Rights May Be 
Listed on the NYSE

June 26, 2024.
    On April 29, 2024, the New York Stock Exchange LLC (``NYSE'' 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 Section 703.12(II) of the NYSE Listed 
Company Manual to expand the circumstances under which rights may be 
listed on the NYSE by allowing issuers to (i) issue rights to more than 
existing shareholders for a class of securities that is listed or to be 
listed on the Exchange, and (ii) list and trade rights on the Exchange 
prior to listing the security into which such rights will be 
exercisable. The proposed rule change was published for comment in the 
Federal Register on May 15, 2024.\3\ The Commission has received no 
comments on the proposal.
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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. 100102 (May 10, 
2024), 89 FR 42543.
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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 June 29, 2024. The Commission is extending this 45-day time period.
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    \4\ 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 proposed rule change. Accordingly, the 
Commission, pursuant to section 19(b)(2) of the Act,\5\ designates 
August 13, 2024, 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-NYSE-2024-23).
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    \5\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(31).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-14519 Filed 7-1-24; 8:45 am]
BILLING CODE 8011-01-P