[Federal Register Volume 86, Number 26 (Wednesday, February 10, 2021)]
[Notices]
[Page 8955]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-02708]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-91057; File No. SR-NASDAQ-2020-026]


Self-Regulatory Organizations; The Nasdaq Stock Market LLC; 
Notice of Withdrawal of a Proposed Rule Change, as Modified by 
Amendment Nos. 1 and 2, To Adopt a New Requirement Related to the 
Qualification of Management for Companies From Restrictive Markets

February 4, 2021.
    On May 29, 2020, The Nasdaq Stock Market LLC (``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 
requirement related to the qualification of management for companies 
whose business is principally administered in a jurisdiction that has 
secrecy laws, blocking statutes, national security laws, or other laws 
or regulations restricting access to information by regulators of U.S.-
listed companies. The proposed rule change was published for comment in 
the Federal Register on June 12, 2020.\3\ On July 20, 2020, pursuant to 
Section 19(b)(2) of the Act,\4\ the Commission designated a longer 
period within which to approve the proposed rule change, disapprove the 
proposed rule change, or institute proceedings to determine whether to 
disapprove the proposed rule change.\5\ On August 21, 2020, the 
Exchange filed Amendment No. 1 to the proposed rule change, which 
replaced and superseded the proposed rule change as originally 
filed.\6\ On September 9, 2020, the Commission published notice of 
Amendment No. 1 and instituted proceedings under Section 19(b)(2)(B) of 
the Act \7\ to determine whether to approve or disapprove the proposed 
rule change, as modified by Amendment No. 1.\8\ On November 17, 2020, 
the Exchange filed Amendment No. 2 to the proposed rule change.\9\ On 
December 2, 2020, the Commission extended the period for consideration 
of the proposed rule change to February 7, 2021.\10\ On February 1, 
2021, the Exchange withdrew the proposed rule change (SR-NASDAQ-2020-
026).
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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. 89028 (June 8, 
2020), 85 FR 35967. Comments on the proposed rule change can be 
found at: https://www.sec.gov/comments/sr-nasdaq-2020-026/srnasdaq2020026.htm.
    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 89342, 85 FR 44951 
(July 24, 2020). The Commission designated September 10, 2020 as the 
date by which the Commission shall approve or disapprove, or 
institute proceedings to determine whether to approve or disapprove, 
the proposed rule change.
    \6\ Amendment No. 1 is available at https://www.sec.gov/comments/sr-nasdaq-2020-026/srnasdaq2020026-7677529-222672.pdf.
    \7\ 15 U.S.C. 78s(b)(2)(B).
    \8\ See Securities Exchange Act Release No. 89794, 85 FR 57260 
(September 15, 2020).
    \9\ Amendment No. 2 is available at: https://www.sec.gov/comments/sr-nasdaq-2020-026/srnasdaq2020026-8048419-225740.pdf.
    \10\ See Securities Exchange Act Release No. 90553, 85 FR 79062 
(December 8, 2020).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\11\
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    \11\ 17 CFR 200.30-3(a)(12).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-02708 Filed 2-9-21; 8:45 am]
BILLING CODE 8011-01-P


