[Federal Register Volume 90, Number 100 (Tuesday, May 27, 2025)]
[Notices]
[Page 22389]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-09410]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-103094; File No. SR-FINRA-2025-002]


Self-Regulatory Organizations; Financial Industry Regulatory 
Authority, Inc.; Notice of Designation of Longer Period for Commission 
Action on Proposed Rule Change To Adopt FINRA Rule 6152 (Disclosure of 
Order Execution Information for NMS Stocks)

May 20, 2025.
    On April 2, 2025, 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 
proposed rule change to adopt FINRA Rule 6152 (Disclosure of Order 
Execution Information for NMS Stocks) to require members to submit 
their order execution reports for NMS stocks to FINRA for publication 
on the FINRA website. The proposed rule change was published for 
comment in the Federal Register on April 11, 2025.\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. 102781 (April 7, 
2025), 90 FR 15485 (April 11, 2025). Comments received on the 
proposed rule change are available at: https://www.sec.gov/comments/sr-finra-2025-002/srfinra2025002.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 May 26, 2025. 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 that it is 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 and the 
comments received. Accordingly, pursuant to Section 19(b)(2) of the 
Act,\5\ the Commission designates July 10, 2025, as the date by which 
the Commission shall approve or disapprove, or institute proceedings to 
determine whether to disapprove, the proposed rule change (File No. SR-
FINRA-2025-002).
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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. 2025-09410 Filed 5-23-25; 8:45 am]
BILLING CODE 8011-01-P