83 FR 37544 - Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change Relating to ATS Reporting of Transactions to TRACE in U.S. Treasury Securities

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 148 (August 1, 2018)

[Federal Register Volume 83, Number 148 (Wednesday, August 1, 2018)]
[Notices]
[Pages 37544-37545]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-16426]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-83722; File No. SR-FINRA-2018-023]


Self-Regulatory Organizations; Financial Industry Regulatory 
Authority, Inc.; Notice of Designation of a Longer Period for 
Commission Action on a Proposed Rule Change Relating to ATS Reporting 
of Transactions to TRACE in U.S. Treasury Securities

July 26, 2018.
    On June 5, 2018, 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 amend FINRA Rule 6730 to require certain 
alternative trading systems (``ATSs'') that report transactions in U.S. 
Treasury Securities to the Transaction Reporting and Compliance Engine 
(``TRACE'') to identify non-FINRA-member subscribers on those 
transaction reports. The proposed rule change was published for comment 
in the Federal Register on June 13, 2018.\3\ The Commission received 
three comments regarding the proposed rule change.\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. 83393 (June 7, 
2018), 83 FR 27643 (``Notice'').
    \4\ See letter to Secretary, Commission, from Stephen John 
Berger, Managing Director, Government and Regulatory Policy, 
Citadel, dated July 5, 2018; letter to Robert W. Errett, Deputy 
Secretary, Commission, from Theodore Bragg, Chief Executive Officer, 
Execution Access, LLC, dated July 3, 2018; letter to Brent J. 
Fields, Secretary, Commission, from Tyler Gellasch, Executive 
Director, The Healthy Markets Association, dated July 5, 2018.
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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 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 July 28, 2018.
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    \5\ 15 U.S.C. 78s(b)(2).
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    The Commission notes that Section 19(b)(5) of the Act requires the 
Commission to ``consult with and consider the views of the Secretary of

[[Page 37545]]

the Treasury prior to approving a proposed rule filed by a registered 
securities association that primarily concerns conduct related to 
transactions in government securities.'' \6\ The Commission finds that 
it is appropriate to designate a longer period within which to take 
action on the proposed rule change in order to consider fully the 
comments received on the proposal and to complete the consultation 
process required under Section 19(b)(5). Accordingly, pursuant to 
Section 19(b)(2) of the Act,\7\ the Commission designates September 11, 
2018, 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-FINRA-2018-023).
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    \6\ 15 U.S.C. 78s(b)(5).
    \7\ 15 U.S.C. 78s(b)(2).

    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. 2018-16426 Filed 7-31-18; 8:45 am]
 BILLING CODE 8011-01-P