On June 30, 2010, each of BATS Exchange, Inc., Chicago Board Options Exchange, Incorporated, Chicago Stock Exchange, Inc., EDGA Exchange, Inc., EDGX Exchange, Inc., Financial Industry Regulatory Authority, Inc., International Securities Exchange, LLC, The NASDAQ Stock Market LLC, NASDAQ OMX BX, Inc., National Stock Exchange, Inc., New York Stock Exchange LLC, NYSE Amex LLC, and NYSE Arca, Inc. filed with the Securities and Exchange Commission (“Commission”), pursuant to Section 19(b)(1)  of the Securities Exchange Act of 1934 (“Act”), and Rule 19b-4 thereunder, proposed rule changes to amend certain of their respective rules to add securities to the single-stock circuit breaker pilot program.
Section 19(b)(2) of the Act  provides that, within thirty-five days of the publication of notice of the filing of a proposed rule change, or within such longer period as the Commission may designate up to ninety days of such date if it finds such longer period to be appropriate and publishes its reasons for so finding, the Commission shall either approve the proposed rule change or institute proceedings to determine whether the proposed rule change should be disapproved. The Commission extended this time period from August 11, 2010 to August 25, 2010. The Commission is again extending this time period.
The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule changes so that it has sufficient time to consider these proposed rule changes, which relate to the addition of securities to the single-stock circuit breaker pilot program, and issues raised in the comment letters that have been submitted in connection with these filings.
Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act, designates September 10, 2010, as the date by which the Commission should either approve or institute proceedings to determine whether to disapprove the proposed rule changes.Start Signature
By the Commission.
Florence E. Harmon,
4. The single-stock circuit breaker pilot program was initially approved on June 10, 2010. See Securities Exchange Act Release Nos. 62251 (June 10, 2010), 75 FR 34183 (June 16, 2010); 62252 (June 10, 2010), 75 FR 34186 (June 16, 2010).Back to Citation
6. See Securities Exchange Act Release No. 62688A (August 11, 2010), 75 FR 51138 (August 18, 2010).Back to Citation
[FR Doc. 2010-21630 Filed 8-30-10; 8:45 am]
BILLING CODE 8010-01-P