81 FR 1670 - Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Designation of Longer Period for Commission Action on a Proposed Rule Change To Establish Rules To Adopt FINRA Rule 6191(a) To Implement the Quoting and Trading Requirements of the Regulation NMS Plan To Implement a Tick Size Pilot Program

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 8 (January 13, 2016)

[Federal Register Volume 81, Number 8 (Wednesday, January 13, 2016)]
[Notices]
[Page 1670]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-00469]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-76855; File No. SR-FINRA-2015-47]


Self-Regulatory Organizations; Financial Industry Regulatory 
Authority, Inc.; Notice of Designation of Longer Period for Commission 
Action on a Proposed Rule Change To Establish Rules To Adopt FINRA Rule 
6191(a) To Implement the Quoting and Trading Requirements of the 
Regulation NMS Plan To Implement a Tick Size Pilot Program

January 7, 2016.
    On November 13, 2015, 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 6191(a) to implement the 
quoting and trading requirements of the Plan to Implement a Tick Size 
Pilot Program.\3\ The proposed rule change was published for comment in 
the Federal Register on November 25, 2015.\4\ The Commission has 
received two comment letters on the proposal.\5\
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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. 74892 (May 6, 2015), 
80 FR 27513 (May 13, 2015) (order approving the Tick Size Pilot).
    \4\ See Securities Exchange Act Release No. 76483 (November 19, 
2015), 80 FR 73853.
    \5\ See Letters from Mary Lou Von Kaenel, Managing Director, 
Financial Information Forum, dated December 16, 2015 and Theodore R. 
Lazo, Managing Director and Associate General Counsel, Securities 
Industry and Financial Markets Association, dated December 18, 2015, 
to Robert W. Errett, Deputy Secretary, Commission.
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    Section 19(b)(2) of the Act \6\ provides that, within 45 days of 
the publication of the 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 for this filing is January 9, 2016.
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    \6\ 15 U.S.C. 78s(b)(2).
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    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 proposal.
    Accordingly, pursuant to Section 19(b)(2) of the Act,\7\ the 
Commission designates February 23, 2016, as the date by which the 
Commission should either approve or disapprove or institute proceedings 
to determine whether to disapprove the proposed rule change (File No. 
SR-FINRA-2015-47).
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    \7\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\8\
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    \8\ 17 CFR 200.30-3(a)(31).
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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-00469 Filed 1-12-16; 8:45 am]
 BILLING CODE 8011-01-P