80 FR 50347 - Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Expand FINRA's Alternative Trading System (“ATS”) Transparency Initiative To Publish OTC Equity Volume Executed Outside ATSs

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 160 (August 19, 2015)

[Federal Register Volume 80, Number 160 (Wednesday, August 19, 2015)]
[Notices]
[Page 50347]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-20414]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-75697; File No. SR-FINRA-2015-020]


Self-Regulatory Organizations; Financial Industry Regulatory 
Authority, Inc.; Notice of Designation of a Longer Period for 
Commission Action on a Proposed Rule Change To Expand FINRA's 
Alternative Trading System (``ATS'') Transparency Initiative To Publish 
OTC Equity Volume Executed Outside ATSs

August 13, 2015.
    On June 23, 2015, 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 expand FINRA's alternative trading system 
transparency initiative to publish the remaining equity volume executed 
over-the-counter by FINRA members, including, among other trading 
activity, non-ATS electronic trading systems and internalized trades. 
The proposed rule change was published for comment in the Federal 
Register on July 9, 2015.\3\ The Commission received two comments on 
the proposal.\4\
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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. 75356 (July 2, 
2015), 80 FR 39463 (July 9, 2015) (``Notice'').
    \4\ See letter from Kerry Baker Relf, Head of Content 
Acquisition and Rights Management, Thomson Reuters to Brent J. 
Fields, Secretary, Commission, dated July 20, 2015 and letter from 
Theodore R. Lazo, Managing Director and Associate General Counsel, 
Securities Industry and Financial Markets Association, to Brent J. 
Fields, Secretary, Commission, dated July 30, 2015.
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    Section 19(b)(2) of the Act \5\ 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 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 for this filing is August 23, 2015. The Commission is 
extending this 45-day time period. 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, comments received, and any response to comments 
submitted by FINRA.
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    \5\ 15 U.S.C. 78s(b)(2).
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    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\6\ designates October 7, 2015, as the date by which the Commission 
shall approve, disapprove, or institute proceedings to determine 
whether to disapprove the proposed rule change (File Number SR-FINRA-
2015-020).
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    \6\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
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    \7\ 17 CFR 200.30-3(a)(31).
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Brent J. Fields,
Secretary.
[FR Doc. 2015-20414 Filed 8-18-15; 8:45 am]
 BILLING CODE 8011-01-P