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Notice

Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Withdrawal of Proposed Rule Change Related to the Payment of a Credit by Execution Access, LLC Based on Volume Thresholds Met on the NASDAQ Options Market

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Information about this document as published in the Federal Register.

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Start Preamble Start Printed Page 90021 December 7, 2016.

On August 29, 2016, 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 related to the payment of a credit by Execution Access, LLC that would be based on volume thresholds met on the NASDAQ Options Market LLC. The proposed rule change was published for comment in the Federal Register on September 8, 2016.[3] On October 19, 2016, the Commission extended the time period within which to approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether to approve or disapprove the proposed rule change to December 7, 2016.[4] On November 15, 2016, the Commission instituted proceedings under Section 19(b)(2)(B) of the Act [5] to determine whether to approve or disapprove the proposed rule change.[6] The Commission received no comment letters on the proposed rule change.

On December 5, 2016, the Exchange withdrew the proposed rule change (SR-NASDAQ-2016-121).

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For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.[7]

Eduardo A. Aleman,

Assistant Secretary.

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Footnotes

3.  See Securities Exchange Act Release No. 78749 (September 1, 2016), 81 FR 62212.

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4.  See Securities Exchange Act Release No. 79118, 81 FR 73186 (October 24, 2016).

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6.  See Securities Exchange Act Release No. 79317, 81 FR 83301 (November 21, 2016).

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[FR Doc. 2016-29798 Filed 12-12-16; 8:45 am]

BILLING CODE 8011-01-P