
[Federal Register Volume 84, Number 24 (Tuesday, February 5, 2019)]
[Notices]
[Pages 1812-1813]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-00944]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-85005; File No. SR-NYSE-2018-54]


Self-Regulatory Organizations; New York Stock Exchange LLC; 
Notice of Designation of Longer Period for Commission Action on a 
Proposed Rule Change Amending Sections 312.03 and 312.04 of the Listed 
Company Manual To Amend the Price Requirements for Certain Exceptions 
From the Shareholder Approval Rules

January 30, 2019.
    On December 3, 2018, New York Stock Exchange LLC (``NYSE'' or the 
``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 amend Sections 312.03 and 312.04 of the Listed 
Company Manual to modify the price requirements that companies must 
meet in order to avail themselves of certain exceptions from the 
shareholder approval requirements set forth in Section 312.03. The 
proposed rule change was published for comment in the Federal Register 
on December 20, 2018.\3\ No comments have been received 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. 84821 (December 14, 
2018), 83 FR 65378 (December 20, 2018).
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    Section 19(b)(2) of the Act \4\ provides that, within 45 days of 
the publication of the 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 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 February 3, 2019. 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 March

[[Page 1813]]

20, 2019, as the date by which the Commission should approve, 
disapprove, or institute proceedings to determine whether to disapprove 
the proposed rule change (File No. SR-NYSE-2018-54).
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    \5\ Id.
    \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,
Deputy Secretary.
[FR Doc. 2019-00944 Filed 2-4-19; 8:45 am]
BILLING CODE 8011-01-P


