[Federal Register Volume 84, Number 114 (Thursday, June 13, 2019)]
[Notices]
[Page 27672]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-12452]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-86067; File No. SR-NASDAQ-2019-017]


Self-Regulatory Organizations; The Nasdaq Stock Market LLC; 
Notice of Designation of Longer Period for Commission Action on a 
Proposed Rule Change To Adopt Additional Requirements for Listings in 
Connection With an Offering Under Regulation A of the Securities Act

June 7, 2019.
    On April 5, 2019, The Nasdaq Stock Market LLC (``Nasdaq'' 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 adopt a new initial listing requirement for any 
company applying to list on the Exchange in connection with an offering 
under Regulation A \3\ of the Securities Act of 1933.\4\ The proposed 
rule change was published for comment in the Federal Register on April 
24, 2019.\5\ The Commission received one comment on the proposed rule 
change.\6\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ 17 CFR 230.251-230.263.
    \4\ 15 U.S.C. 77a et seq.
    \5\ See Securities Exchange Act Release No. 85687 (April 18, 
2019), 84 FR 17224 (April 24, 2019).
    \6\ See Letter from Jeffrey P. Mahoney, General Counsel, Council 
of Institutional Investors, dated May 2, 2019, available at https://www.sec.gov/comments/sr-nasdaq-2019-017/srnasdaq2019017-5441017-184816.pdf.
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    Section 19(b)(2) of the Act \7\ 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 June 8, 2019. The Commission is extending this 45-day time 
period.
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    \7\ 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,\8\ designates July 23, 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-NASDAQ-
2019-017).
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    \8\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\9\
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    \9\ 17 CFR 200.30-3(a)(31).
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Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2019-12452 Filed 6-12-19; 8:45 am]
 BILLING CODE 8011-01-P


