[Federal Register Volume 86, Number 2 (Tuesday, January 5, 2021)]
[Notices]
[Page 353]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-29135]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-90815; File No. SR-BX-2020-033]


Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change To Utilize the FIX Protocol To Submit Orders to BX's Price 
Improvement Auction Mechanism

December 29, 2020.
    On October 27, 2020, Nasdaq BX, Inc. (``BX'' or ``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 
Options 3, Section 7(d)(1)(A) to offer BX Participants the ability to 
utilize the Financial Information eXchange or ``FIX'' protocol to 
submit orders to its Price Improvement Auction mechanism. The proposed 
rule change was published for comment in the Federal Register on 
November 16, 2020.\3\ The Commission received no comments 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. 90383 (November 9, 
2020), 85 FR 73095.
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    Section 19(b)(2) of the Act \4\ 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 December 31, 2020. 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 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. Accordingly, the 
Commission, pursuant to Section 19(b)(2) of the Act,\5\ designates 
February 14, 2021 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-BX-2020-033).
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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\
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-29135 Filed 1-4-21; 8:45 am]
BILLING CODE 8011-01-P


