82 FR 28102 - Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change To Harmonize the Corporate Governance Framework With That of the NASDAQ Stock Market LLC, NASDAQ PHLX LLC, and NASDAQ BX, Inc.

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 117 (June 20, 2017)

[Federal Register Volume 82, Number 117 (Tuesday, June 20, 2017)]
[Notices]
[Pages 28102-28103]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-12764]


=======================================================================
-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-80923; File No. SR-ISE-2017-32]


Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of 
Designation of Longer Period for Commission Action on Proposed Rule 
Change To Harmonize the Corporate Governance Framework With That of the 
NASDAQ Stock Market LLC, NASDAQ PHLX LLC, and NASDAQ BX, Inc.

June 14, 2017
    On April 11, 2017, Nasdaq ISE, LLC (``ISE'' or ``Exchange'') 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 harmonize 
its board and committee structure, and all related corporate governance 
processes, with that of the three other registered national securities 
exchanges and self-regulatory organizations owned by the Exchange's 
indirect parent company, Nasdaq, Inc., namely: The NASDAQ Stock Market 
LLC, NASDAQ PHLX LLC, and NASDAQ BX, Inc. The proposed rule change was 
published for comment in the Federal Register on May 2, 2017.\3\ The 
Commission has received no comment letters on the proposal.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 80530 (April 26, 
2017), 82 FR 20508.
---------------------------------------------------------------------------

    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

[[Page 28103]]

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 June 16, 2017.
---------------------------------------------------------------------------

    \4\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------

    The Commission is extending the 45-day time period for Commission 
action on the proposed rule change. 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 and 
take action on the Exchange's proposed rule change.
    Accordingly, pursuant to Section 19(b)(2) of the Act \5\ and for 
the reasons stated above, the Commission designates July 31, 2017, as 
the date by which the Commission shall either approve or disapprove, or 
institute proceedings to determine whether to disapprove, the proposed 
rule change (File No. SR-ISE-2017-32).
---------------------------------------------------------------------------

    \5\ 15 U.S.C. 78s(b)(2).
    \6\ 17 CFR 200.30-3(a)(31).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
Eduardo A. Aleman.
Assistant Secretary.
[FR Doc. 2017-12764 Filed 6-19-17; 8:45 am]
 BILLING CODE 8011-01-P