81 FR 36367 - Self-Regulatory Organizations; NYSE MKT LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change Amending the Definition of “Block” for Purposes of Rule 72(d)-Equities and the Size of a Proposed Cross Transaction Eligible for the Cross Function in Rule 76-Equities

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 108 (June 6, 2016)

[Federal Register Volume 81, Number 108 (Monday, June 6, 2016)]
[Notices]
[Page 36367]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-13211]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-77951; File No. SR-NYSEMKT-2016-49]


Self-Regulatory Organizations; NYSE MKT LLC; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change Amending the Definition of ``Block'' for Purposes of Rule 
72(d)--Equities and the Size of a Proposed Cross Transaction Eligible 
for the Cross Function in Rule 76--Equities

May 31, 2016.
    On April 22, 2016, NYSE MKT LLC (``Exchange'' or ``NYSE MKT'') 
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 
amend its rules relating to pre-opening indications and opening 
procedures. The proposed rule change was published for comment in the 
Federal Register on May 3, 2016.\3\ The Commission has received no 
comments on the proposed rule change.
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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. 77734 (Apr. 27, 
2016), 81 FR 26598.
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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 June 17, 2016. 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. 
Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates August 1, 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 Number 
SR-NYSEMKT-2016-49).
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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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Brent J. Fields,
Secretary.
[FR Doc. 2016-13211 Filed 6-3-16; 8:45 am]
 BILLING CODE 8011-01-P