[Federal Register Volume 85, Number 34 (Thursday, February 20, 2020)]
[Notices]
[Page 9824]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-03315]



[[Page 9824]]

-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-88206; File No. SR-BOX-2019-37]


Self-Regulatory Organizations; BOX Exchange LLC; Notice of 
Designation of Longer Period for Commission Action on a Proposed Rule 
Change in Connection With the Proposed Commencement of Operations of 
Boston Security Token Exchange LLC as a Facility of the Exchange

February 13, 2020.
    On December 18, 2019, BOX Exchange LLC (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 in connection 
with the proposed commencement of operations of Boston Security Token 
Exchange LLC (``BSTX'') as a facility of the Exchange. The proposed 
rule change was published for comment in the Federal Register on 
January 3, 2020.\3\ The Commission has received one comment letter on 
the proposed rule change.\4\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 87868 (December 30, 
2019), 85 FR 345.
    \4\ See Letter from Ellen Greene, Managing Director, SIFMA, to 
Vanessa Countryman, Secretary, Commission, dated January 13, 2020. 
All comments on the proposed rule change are available on the 
Commission's website at https://www.sec.gov/comments/sr-box-2019-37/srbox201937.htm.
---------------------------------------------------------------------------

    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 after publication of the notice for this proposed rule change 
is February 17, 2020.
---------------------------------------------------------------------------

    \5\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------

    The Commission hereby is extending the 45-day time period for 
Commission action on the proposed rule change. 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, pursuant to Section 
19(b)(2) of the Act,\6\ the Commission designates April 2, 2020 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-BOX-2019-37).
---------------------------------------------------------------------------

    \6\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
---------------------------------------------------------------------------

    \7\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------

Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2020-03315 Filed 2-19-20; 8:45 am]
 BILLING CODE 8011-01-P


