
[Federal Register: July 10, 2008 (Volume 73, Number 133)]
[Notices]               
[Page 39776]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr10jy08-123]                         

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-58098; File No. SR-NASDAQ-2008-035]

 
Self-Regulatory Organizations; Notice of Designation of Longer 
Period for Commission Action on Proposed Rule Change Filed by The 
NASDAQ Stock Market LLC

July 3, 2008.
    On April 21, 2008, The NASDAQ Stock Market LLC (``Nasdaq'') 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 the by-laws (``NASDAQ OMX By-Laws'') of its parent corporation, 
NASDAQ OMX. The NASDAQ OMX By-Law Proposal was published for comment in 
the Federal Register on May 8, 2008.\3\ On June 10, 2008, Nasdaq filed 
an extension of time for Commission action extending the action date 
until July 3, 2008.
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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. 57761 (May 1, 2008), 
73 FR 26182 (SR-NASDAQ-2008-035).
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    Section 19(b)(2) of the Act \4\ provides that within thirty-five 
days of the publication of notice of the filing of a proposed rule 
change, or within such longer period as the Commission may designate up 
to ninety days of such date if it finds such longer period to be 
appropriate and publishes its reasons for so finding the Commission 
shall either approve the proposed rule change or institute proceedings 
to determine whether the proposed rule change should be disapproved.
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    \4\ 15 U.S.C. 78s(b)(2).
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    The Commission finds it 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, which relates to the 
acquisition of the Boston Stock Exchange, Inc. and the Boston Stock 
Exchange Clearing Corporation by NASDAQ OMX.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates August 6, 2008, as the date by which the Commission 
should either approve or institute proceedings to determine whether to 
disapprove the proposed rule change.
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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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Florence E. Harmon,
Acting Secretary.
 [FR Doc. E8-15627 Filed 7-9-08; 8:45 am]

BILLING CODE 8010-01-P
