[Federal Register Volume 78, Number 58 (Tuesday, March 26, 2013)]
[Pages 18377-18378]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-06789]



[Release No. 34-69183; File No. SR-NSX-2013-02]

Self-Regulatory Organizations; National Stock Exchange, Inc.; 
Notice of Designation of a Longer Period for Commission Action on 
Proposed Rule Change To Adopt a New Order Type Called the ``Auto-Ex 
Only'' Order

March 19, 2013.
    On January 23, 2013, National Stock Exchange, Inc. (``NSX'' or 
``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 order type called the ``Auto-Ex 
Only'' Order. The proposed rule change was published for comment in the 
Federal Register on February 7, 2013.\3\ The Commission received two 
comment letters on this proposal.\4\ On March 14, 2013, NSX submitted a 
response to the comment letters.\5\

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 68807 (February 1, 
2013), 78 FR 9094.
    \4\ See letters to Elizabeth M. Murphy, Secretary, Commission, 
from Peter J. Driscoll, Investment Professional, dated February 14, 
2013; and Theodore R. Lazo, Managing Director and Associate General 
Counsel, Securities Industry and Financial Markets Association, 
dated March 6, 2013 (collectively ``Comment Letters'').
    \5\ See letter to Elizabeth M. Murphy, Secretary, Commission, 
from Christopher Solgan, Senior Regulatory Counsel, NSX, dated March 
14, 2013 (``Response'').

    Section 19(b)(2) of the Act \6\ 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 for this filing is March 24, 2013. The Commission is extending 
this 45-day time period.

    \6\ 15 U.S.C. 78s(b)(2).


[[Page 18378]]

    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 this proposed rule change, which relates to 
a new order type--the Auto-Ex Only Order-, the Comment Letters that 
have been submitted in connection with this proposed rule change, and 
NSX's Response to the Comment Letters.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\7\ designates May 8, 2013, as the date by which the Commission 
should either approve or disapprove, or institute proceedings to 
determine whether to disapprove, the proposed rule change (File No. SR-

    \7\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\8\

    \8\ 17 CFR 200.30-3(a)(31).

Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-06789 Filed 3-25-13; 8:45 am]