80 FR 17 pg. 4321 - Automated Matching Systems Exchange, LLC; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Grant or Deny a Limited Volume Exemption From Registration as a National Securities Exchange Under Section 5 of the Securities Exchange Act of 1934
Type: NOTICEVolume: 80Number: 17Page: 4321
Page: 4321Docket number: [Release No. 34-74116; File No. 10-214]
FR document: [FR Doc. 2015-01426 Filed 1-26-15; 8:45 am]
Agency: Securities and Exchange Commission
Official PDF Version: PDF Version
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-74116; File No. 10-214]
Automated Matching Systems Exchange, LLC; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Grant or Deny a Limited Volume Exemption From Registration as a National Securities Exchange Under Section 5 of the Securities Exchange Act of 1934
January 22, 2015.
On July 7, 2014, Automated Matching Systems Exchange, LLC ("AMSE") submitted to the Securities and Exchange Commission ("Commission") an application seeking a limited volume exemption under Section 5 of the Securities Exchange Act ("Exchange Act") from registration as a national securities exchange under Section 6 of the Exchange Act.1Notice of AMSE's exemption application was published for comment in the Federal Register on July 29, 2014.2On October 23, 2014, the Commission issued an order instituting proceedings to determine whether to grant or deny AMSE's exemption application.3On November 10, 2014, AMSE submitted Amendment No. 1 to its exemption application. Notice of Amendment No. 1 to AMSE's exemption application was published for comment in the Federal Register on December 30, 2014.4
Footnotes:
1 The Commission notes that AMSE's application only seeks a limited volume exemption under Section 5 of the Exchange Act from registration as a national securities exchange under Section 6 of the Exchange Act. AMSE's application does not seek to register as a national securities exchange.
2 See Securities Exchange Act Release No. 72661 (July 23, 2014), 79 FR 44070 ("Notice").
3 See Securities Exchange Act Release No. 73419 (October 23, 2014), 79 FR 64421 (October 29, 2014) ("Order Instituting Proceedings").
4 See Securities Exchange Act Release No. 73991 (December 22, 2014), 79 FR 78507 (action by delegated authority) ("Amendment Notice").
Section 19(a) of the Exchange Act provides that the Commission shall, upon the filing of an application for registration as a national securities exchange pursuant to Section 6 of the Exchange Act,5publish notice of such filing and afford interested persons an opportunity to submit written data, views, and arguments concerning such application, and within 90 days of the date of publication of such notice (or within such longer period as to which the applicant consents), by order grant such registration or institute proceedings to determine whether such registration should be denied. Such proceedings must be concluded within 180 days of the date of a publication of notice of the filing of the application for registration.6However, the Commission may extend the time for conclusion of such proceedings for up to 90 days if it finds good cause for such extension and publishes its reasons for so finding or for such longer period as to which the applicant consents. AMSE's exemption application was published for notice and comment in the Federal Register on July 29, 2014.7The 180th day after publication of the notice of AMSE's exemption application in the Federal Register is January 25, 2014, and the 270th day after publication of the notice of AMSE's exemption application in the Federal Register is April 25, 2015.
Footnotes:
5 AMSE's exemption application has been filed pursuant to Section 5 of the Exchange Act. The Commission is affording AMSE's exemption application a process similar to that for exchange registration applications under Section 19(a) of the Exchange Act.
6 See id. and Section 19(a) of the Exchange Act.
7 Id.
The Commission finds that good cause exists to extend the time for conclusion of the proceedings to determine whether to grant or deny AMSE's exemption application in order for the Commission to have sufficient time to consider AMSE's amended exemption application, including any comment letters received on AMSE's amended exemption application.8Accordingly, pursuant to Section 19(a)(1)(B) of the Exchange Act, the Commission extends the time for conclusion of the proceedings to determine whether to grant or deny AMSE's exemption application to April 24, 2015.
Footnotes:
8 See supra note 4.
By the Commission.
Brent J. Fields,
Secretary.
[FR Doc. 2015-01426 Filed 1-26-15; 8:45 am]
BILLING CODE 8011-01-P