Proposed Rule Change to Extend the Effective Date of SR-FINRA-2016-028

Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to extend the effective date of SR-FINRA-2016-028 (Proposed Rule Change to Clarify the Operation of the Regulation NMS Plan to Address Extraordinary Market Volatility) until October 24, 2016.