85 FR 245 pgs. 83135-83136 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To Amend NYSE Arca Rules 5.2-E(j)(3), 5.2-E(j)(8), 5.5-E(g)(2), 8.600-E, and 8.900-E
Type: NOTICEVolume: 85Number: 245Pages: 83135 - 83136
Pages: 83135, 83136Docket number: [Release No. 34-90672; File No. SR-NYSEArca-2020-56]
FR document: [FR Doc. 2020-28007 Filed 12-18-20; 8:45 am]
Agency: Securities and Exchange Commission
Official PDF Version: PDF Version
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-90672; File No. SR-NYSEArca-2020-56]
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To Amend NYSE Arca Rules 5.2-E(j)(3), 5.2-E(j)(8), 5.5-E(g)(2), 8.600-E, and 8.900-E
December 15, 2020.
[top] On June 18, 2020, NYSE Arca, Inc. ("Exchange" or "NYSE Arca") filed with the Securities and Exchange Commission ("Commission"), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 ("Act" or "Exchange Act")? 1 and Rule 19b-4 thereunder, 2 a proposed rule change to amend certain listing requirements relating to maintaining a minimum number of beneficial holders and minimum number of shares outstanding. The proposed rule change was published for comment in the Federal Register on July 7, 2020. 3 On August 17, 2020, pursuant to Section
Footnotes:
1 ?15 U.S.C. 78s(b)(1).
2 ?17 CFR 240.19b-4.
3 ? See Securities Exchange Act Release No. 89197 (June 30, 2020), 85 FR 40720.
4 ?15 U.S.C. 78s(b)(2).
5 ? See Securities Exchange Act Release No. 89584, 85 FR 51817 (August 21, 2020).
6 ?15 U.S.C. 78s(b)(2)(B).
7 ? See Securities Exchange Act Release No. 90075, 86 FR 63597 (October 8, 2020).
Section 19(b)(2) of the Act? 8 provides that, after initiating disapproval proceedings, the Commission shall issue an order approving or disapproving the proposed rule change not later than 180 days after the date of publication of notice of filing of the proposed rule change. The Commission may extend the period for issuing an order approving or disapproving the proposed rule change by not more than 60 days if the Commission determines that a longer period is appropriate and publishes reasons for such determination. The proposed rule change was published for notice and comment in the Federal Register on July 7, 2020. January 3, 2021 is 180 days from that date, and March 4, 2021 is 240 days from that date.
Footnotes:
8 ?15 U.S.C. 78s(b)(2).
The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving 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, 9 designates March 4, 2021 as the date by which the Commission shall either approve or disapprove the proposed rule change (File No. SR-NYSEArca-2020-56).
Footnotes:
9 ? Id.
For the Commission, by the Division of Trading and Markets, pursuant to delegated authority. 10
Footnotes:
10 ?17 CFR 200.30-3(a)(31).
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-28007 Filed 12-18-20; 8:45 am]
BILLING CODE 8011-01-P