[Federal Register Volume 88, Number 82 (Friday, April 28, 2023)]
[Notices]
[Page 26371]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-08977]



[[Page 26371]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-97354; File No. SR-NYSE-2023-12]


Self-Regulatory Organizations; New York Stock Exchange LLC; 
Notice of Designation of a Longer Period for Commission Action on 
Proposed Rule Change To Adopt New Section 303A.14 of the NYSE Listed 
Company Manual To Establish Listing Standards Related to Recovery of 
Erroneously Awarded Incentive-Based Executive Compensation

April 24, 2023.
    On February 22, 2023, 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 adopt new Section 303A.14 of the NYSE Listed 
Company Manual to require issuers to develop and implement a policy 
providing for the recovery of erroneously awarded incentive-based 
compensation received by current or former executive officers. The 
proposed rule change was published for comment in the Federal Register 
on March 13, 2023.\3\
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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. 97055 (March 7, 
2023), 88 FR 15480. Comments received on the proposed rule change 
are available at: https://www.sec.gov/comments/sr-nyse-2023-12/srnyse202312.htm.
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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 April 27, 2023. 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 and the comments 
received. Accordingly, the Commission, pursuant to section 19(b)(2) of 
the Act,\5\ designates June 11, 2023, 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-NYSE-2023-12).
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    \5\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(31).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-08977 Filed 4-27-23; 8:45 am]
BILLING CODE 8011-01-P


