Notices. SECURITIES AND EXCHANGE COMMISSION
429 words·~2 min read·
/register/2014/07/08/2014-15818A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
BILLING CODE 8011-01-P SECURITIES AND EXCHANGE COMMISSION [Release No. 34-72512; File Nos. SR-NYSE-2013-72; SR-NYSEMKT-2013-91] Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE MKT LLC; Notice of Withdrawal of Proposed Rule Changes To Establish an Institutional Liquidity Program on a One-Year Pilot Basis July 1, 2014. On November 7, 2013, New York Stock Exchange LLC (“NYSE”) and NYSE MKT LLC (“NYSE MKT” and together with NYSE, the “Exchanges”) each 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 establish an Institutional Liquidity Program (“ILP”) on a one-year pilot basis.
The proposed rule changes were published for comment in the **Federal Register** on November 27, 2013. 3 The Commission received three comments on the NYSE Proposal. 4 On January 9, 2014, the Commission designated a longer period for Commission action on the proposed rule changes, until February 25, 2014. 5 The Exchanges submitted a consolidated response letter on January 14, 2014. 6 On February 25, 2014, the Commission instituted proceedings under Section 19(b)(2)(B) of the Act to determine whether to disapprove the proposed rule changes. 7 On June 27, 2014, the Exchanges withdrew the Proposals (SR-NYSE-2013-72;
SR-NYSEMKT-2013-91). 1 15 U.S.C. 78s(b)(1). 2 17 CFR 240.19b-4 3 *See* Securities Exchange Act Release Nos. 70909 (November 21, 2013), 78 FR 71002 (SR-NYSE-2013-72) (“NYSE Proposal”); and 70910 (November 21, 2013), 78 FR 70992 (SR-NYSEMKT-2013-91) (“NYSE MKT Proposal”) (collectively, the “Proposals”). 4 *See* Letters to the Commission from James Allen, Head, and Rhodri Pierce, Director, Capital Markets Policy, CFA Institute (December 18, 2013); Clive Williams, Vice President and Global Head of Trading, Andrew M.
Brooks, Vice President and Head of U.S. Equity Trading, and Christopher P. Hayes, Vice President and Legal Counsel, T. Rowe Price Associates, Inc. (December 18, 2013); and Theodore R. Lazo, Managing Director and Associate General Counsel, Securities Industry and Financial Markets Association (December 20, 2013). These comment letters address only the NYSE Proposal, but since the NYSE MKT Proposal is nearly identical, the Commission has treated the letters as addressing both Proposals. 5 *See* Securities Exchange Act Release No. 71267, 79 FR 2738 (January 15, 2014). 6 *See* Letter to the Commission from Janet McGinnis, EVP & Corporate Secretary, NYSE Euronext (January 14, 2014). 7 *See* Securities Exchange Act Release No. 71609, 79 FR 11849 (March 3, 2014).
For the Commission, by the Division of Trading and Markets, pursuant to delegated authority. 8 8 17 CFR 200.30-3(a)(12). Jill M. Peterson, Assistant Secretary. [FR Doc. 2014-15818 Filed 7-7-14; 8:45 am]
Connectionstraces to 2
1 reference not yet in our index
- 17 CFR 240.19
Citation graph
cites case law
Cites 3Cited by 0 across 0 sources