Securities and Exchange Commission
Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Securities and Exchange Commission [Release No. 34-81097; File No. SR-NASDAQ-2016-161] I. Introduction On November 17, 2016, the NASDAQ Stock Market LLC (“Exchange” or “Nasdaq”) 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 extended life priority order (“ELO”) attribute for designated retail orders under Nasdaq Rule (“Rule(s)”) 4703, and to make related changes to Rules 4702, 4752, 4753, 4754, and 4757. The proposed rule change was published for comment in the Federal Register on December 5, 2016. [ 3 ] On January 17, 2017, pursuant to Section 19(b)(2) of the Act, [ 4 ] the Commission designated a longer 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. [ 5 ] The Commission initially received seven comment letters on the proposed rule change. [ 6 ] On February 17, 2017, the Exchange filed Amendment No. 1 to the proposed rule change  [ 7 ] and submitted a comment response letter. [ 8 ] The Commission subsequently received two additional comment letters on the proposed rule change. [ 9 ] On March 3, 2017, the Commission instituted proceedings under Section 19(b)(2)(B) of the Act&thins…
Citation: 82 FR 32386
