
[Federal Register Volume 75, Number 248 (Tuesday, December 28, 2010)]
[Notices]
[Page 81704]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-32516]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-63582; File No. SR-FINRA-2010-055]


Self-Regulatory Organizations; Financial Industry Regulatory 
Authority, Inc.; Notice of Designation of a Longer Period for 
Commission Action on Proposed Rule Change To Amend FINRA Rule 6140 
(Other Trading Practices)

December 21, 2010.
    On October 29, 2010, the Financial Industry Regulatory Authority, 
Inc. (``FINRA''), filed with the Securities and Exchange Commission 
(``Commission''), pursuant to Section 19(b)(1) \1\ of the Securities 
Exchange Act of 1934 (``Act''),\2\ and Rule 19b-4 thereunder,\3\ a 
proposed rule change to amend FINRA Rule 6140 to eliminate the 
provisions regarding the handling of stop orders, delete definitions 
relating to stop stock transactions, and to relocate the definition of 
``initial public offering.''
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 15 U.S.C. 78a.
    \3\ 17 CFR 240.19b-4.
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    Section 19(b)(2) of the Act- \4\ provides that within forty-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 or disapprove the proposed rule change, or 
institute proceedings to determine whether the proposed rule change 
should be disapproved. The 45th day for the filing submitted by FINRA 
will be December 27, 2010.\5\
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    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release Nos. 63256 (November 5, 
2010), 75 FR 69503 (November 12, 2010).
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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 proposed rule change, relating to the 
elimination of the FINRA provisions regarding the handling of stop 
orders and the deletion of definitions relating to stop stock 
transactions, and the comment letters that have been submitted in 
connection with the filing.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\6\ designates February 10, 2011, as the date by which the 
Commission should either approve or disapprove, or institute 
proceedings to determine whether to disapprove the proposed rule 
change.
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    \6\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
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    \7\ 17 CFR 200.30-3(a)(31).
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Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-32516 Filed 12-27-10; 8:45 am]
BILLING CODE 8011-01-P


