80 FR 26591 - Self-Regulatory Organizations; NYSE Arca, Inc.; Order Instituting Proceedings To Determine Whether To Approve or Disapprove Proposed Rule Change Amending NYSE Arca Equities Rule 5.2(j)(3), Commentary .02 Relating to the Listing of Investment Company Units Based on Municipal Bond Indexes
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 80, Issue 89 (May 8, 2015)
Federal Register Volume 80, Issue 89 (May 8, 2015)
| Page Range | 26591-26593 | |
| FR Document | 2015-11057 |
[Federal Register Volume 80, Number 89 (Friday, May 8, 2015)] [Notices] [Pages 26591-26593] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-11057] ======================================================================= ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-74863; File No. SR-NYSEArca-2015-01] Self-Regulatory Organizations; NYSE Arca, Inc.; Order Instituting Proceedings To Determine Whether To Approve or Disapprove Proposed Rule Change Amending NYSE Arca Equities Rule 5.2(j)(3), Commentary .02 Relating to the Listing of Investment Company Units Based on Municipal Bond Indexes May 4, 2015. On January 16, 2015, NYSE Arca, Inc. (``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 amend NYSE Arca Equities Rule 5.2(j)(3), Commentary .02 to accommodate the listing of certain Investment Company Units based on municipal bond indexes. The proposed rule change was published for comment in the Federal Register on February 4, 2015.\3\ On March 19, 2015, 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 disapprove the proposed rule change.\5\ The Commission received no comment letters on the proposed rule change. This order institutes proceedings under Section 19(b)(2)(B) of the Act \6\ to determine whether to approve or disapprove the proposed rule change. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. \3\ See Securities Exchange Act Release No. 74175 (Jan. 29, 2015), 80 FR 6150 (``Notice''). \4\ 15 U.S.C. 78s(b)(2). \5\ See Securities Exchange Act Release No. 74534, 80 FR 15834 (Mar. 25, 2015). The Commission designated a longer period within which to take action on the proposed rule change and designated May 5, 2015, as the date by which it should approve, disapprove, or institute proceedings to determine whether to disapprove the proposed rule change. \6\ 15 U.S.C. 78s(b)(2)(B). --------------------------------------------------------------------------- I. Description of the Exchange's Proposal \7\ --------------------------------------------------------------------------- \7\ A complete description of the proposal can be found in the Notice. See Notice, supra note 3. --------------------------------------------------------------------------- NYSE Arca Equities Rule 5.2(j)(3) permits the listing and trading of Investment Company Units (``Units'').\8\ [[Page 26592]] Commentary .02 to NYSE Arca Equities Rule 5.2(j)(3) permits the listing and trading of a series of Units pursuant to Rule 19b-4(e) under the Act \9\ based on an underlying index or portfolio of ``Fixed Income Securities'' \10\ meeting specified criteria.\11\ These ``generic'' listing criteria permit, without Commission approval pursuant to Section 19(b)(2) of the Act,\12\ the listing and trading on the Exchange of a series of Units meeting such criteria. --------------------------------------------------------------------------- \8\ An ``Investment Company Unit'' is a security that represents an interest in a registered investment company that holds securities comprising, or otherwise based on or representing an interest in, an index or portfolio of securities (or holds securities in another registered investment company that holds securities comprising, or otherwise based on or representing an interest in, an index or portfolio of securities). See NYSE Arca Equities Rule 5.2(j)(3)(A). \9\ See 17 CFR 240.19b-4(e). \10\ ``Fixed Income Securities'' are described in NYSE Arca Equities Rule 5.2(j)(3), Commentary .02 as debt securities that are notes, bonds, debentures or evidence of indebtedness that include, but are not limited to, U.S. Department of Treasury securities, government-sponsored entity securities, municipal securities, trust preferred securities, supranational debt and debt of a foreign country or a subdivision thereof. \11\ See Securities Exchange Act Release No. 55783 (May 17, 2007), 72 FR 29194 (May 24, 2007) (SR-NYSEArca-2007-36) (order approving generic listing standards for series of Units based on Fixed Income Indexes). \12\ 15 U.S.C. 78s(b)(2). --------------------------------------------------------------------------- Commentary .02(a)(2) to NYSE Arca Equities Rule 5.2(j)(3) provides that, to be listed and traded pursuant to Rule 19b-4(e) under the Act, components of an index or portfolio underlying a series of Units, in the aggregate, that account for at least 75% of the weight of the index or portfolio each shall have a minimum original principal amount outstanding of $100 million or more. The Exchange proposes to amend this generic listing criterion to accommodate the listing of Units based on indexes or portfolios that include municipal bonds.\13\ --------------------------------------------------------------------------- \13\ The Commission previously has approved proposed rule changes relating to listing and trading on the Exchange of Units based on municipal bond indexes. See, e.g., Securities Exchange Act Release No. 72523, (July 2, 2014), 79 FR 39016 (July 9, 2014) (SR- NYSEArca-2014-37) (order approving proposed rule change relating to the listing and trading of the iShares 2020 S&P AMT-Free Municipal Series under NYSE Arca Equities Rule 5.2(j)(3), Commentary .02). See also Notice, supra note 3, 80 FR at 6151, n.9. --------------------------------------------------------------------------- Specifically, the Exchange proposes to amend NYSE Arca Equities Rule 5.2(j)(3), Commentary .02(a)(2) to state that components that, in the aggregate, account for at least 75% of the weight of an index or portfolio shall: (A) Each shall have a minimum original principal amount outstanding of $100 million or more; or (B) if a municipal bond component, such component shall be issued in an offering with an aggregate size, as set forth in the offering's official statement, of $100 million or more. Accordingly, if an individual municipal bond component of an index or portfolio has an amount outstanding of less than $100 million, Units based on such an index or portfolio could still meet the generic listing standard if the municipal bond component were part of an overall municipal bond offering of $100 million or more. The Exchange provides that it is appropriate to calculate components of a municipal bond index differently from other Fixed Income Securities. Principally, the Exchange states that municipal bonds are issued with either ``serial'' or ``term'' maturities or some combination thereof. The official statement issued in connection with a municipal bond offering describes the terms of the component bonds and the issuer and/or obligor on the related bonds. Such an offering is comprised of a number of specific maturity sizes, but the entire issue or offering receives the same credit rating. Further, the entire issue or offering is based on a specified project or group of related projects and funded by the same revenue or other funding sources. According to the Exchange, because the individual municipal bond components of an index or portfolio may predominantly have maturities of less than $100 million outstanding (although part of a municipal bond offering of $100 million or greater), if only individual maturity sizes are considered, Units based on a municipal bond index may not qualify to be listed under the generic listing standards. Accordingly, the Exchange believes the proposed amendment to Commentary .02(a)(2) would facilitate the listing of Units based on municipal bond indexes by permitting the Exchange, in applying its generic listing criteria, to take into account the aggregate size of the municipal bond offering. The Exchange states that consideration of the aggregate size of the municipal bond offering, rather than the individual bond component, does not raise concerns regarding pricing or liquidity of the applicable municipal bond index components or of the Units overlying the applicable index. The Exchange states that, within a single municipal bond issuer, there are often multiple contemporaneous or sequential issuances that have the same credit rating, structure, and maturity. According to the Exchange, although these separate issues have different CUSIPs, because individual maturities share a number of important features, including credit rating and the purpose and terms of the offering as set forth in the applicable official statement, for investment purposes, they can be expected to be relatively fungible to one another. Accordingly, the Exchange believes that the proposed rule change is reasonable and appropriate because the pricing and liquidity of such maturity sizes is predominately based on the common characteristics of the aggregate issue. The Exchange also notes that major municipal bond indexes, while they include individual bond maturities as index components, include ``deal size'' as a factor in the criteria for index constituents and additions.\14\ Finally, the Exchange also provides that the Commission previously has approved the listing and trading of Units where the applicable municipal index components did not individually meet the 75% requirement of NYSE Arca Equities Rule 5.2(j)(3), Commentary .02(a)(2).\15\ --------------------------------------------------------------------------- \14\ In its proposal, the Exchange cites to the S&P National AMT-Free Municipal Bond Index, the Barclays Capital Investment-Grade Municipal Index, Barclays Capital High-Yield Municipal Index, and the Barclays Capital Enhanced State Specific Indices. See Notice, supra note 3, 80 FR at 6151. \15\ See supra note 13. --------------------------------------------------------------------------- II. Proceedings To Determine Whether To Approve or Disapprove SR- NYSEArca-2015-01 and Grounds for Disapproval Under Consideration The Commission is instituting proceedings pursuant to Section 19(b)(2)(B) of the Act \16\ to determine whether the proposed rule change should be approved or disapproved. Institution of such proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change. Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, as described below, the Commission seeks and encourages interested persons to provide comments on the proposed rule change. --------------------------------------------------------------------------- \16\ 15 U.S.C. 78s(b)(2)(B). --------------------------------------------------------------------------- Pursuant to Section 19(b)(2)(B) of the Act,\17\ the Commission is providing notice of the grounds for disapproval under consideration. The Commission is instituting proceedings to allow for additional analysis of the proposed rule change's consistency with Section 6(b)(5) of the Act, which requires, among other things, that the rules of a national securities exchange be ``designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade,'' and ``to protect investors and the public interest.'' \18\ --------------------------------------------------------------------------- \17\ Id. \18\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- [[Page 26593]] III. Procedure: Request for Written Comments The Commission requests that interested persons provide written submissions of their views, data, and arguments with respect to the issues identified above, as well as any other concerns they may have with the proposal. In particular, the Commission invites the written views of interested persons concerning whether the proposal is consistent with Section 6(b)(5) or any other provision of the Act, or the rules and regulations thereunder. Although there do not appear to be any issues relevant to approval or disapproval that would be facilitated by an oral presentation of views, data, and arguments, the Commission will consider, pursuant to Rule 19b-4, any request for an opportunity to make an oral presentation.\19\ --------------------------------------------------------------------------- \19\ Section 19(b)(2) of the Act, as amended by the Securities Act Amendments of 1975, Public Law 94-29 (June 4, 1975), grants the Commission flexibility to determine what type of proceeding--either oral or notice and opportunity for written comments--is appropriate for consideration of a particular proposal by a self-regulatory organization. See Securities Act Amendments of 1975, Senate Comm. on Banking, Housing & Urban Affairs, S. Rep. No. 75, 94th Cong., 1st Sess. 30 (1975). --------------------------------------------------------------------------- Interested persons are invited to submit written data, views, and arguments regarding whether the proposal should be approved or disapproved by May 29, 2015. Any person who wishes to file a rebuttal to any other person's submission must file that rebuttal by June 12, 2015. The Commission asks that commenters address the sufficiency of the Exchange's statements in support of the proposal, which are set forth in the Notice,\20\ in addition to any other comments they may wish to submit about the proposed rule change. In particular, the Exchange concludes that individual CUSIPs comprising the municipal bond offering can be expected to be relatively fungible to one another and that consideration of the aggregate size of the municipal bond offering, rather than the individual bond component, does not raise concerns regarding pricing or liquidity of the applicable municipal bond index components or of the Units overlying the applicable index. With respect to these conclusions, the Commission seeks comment on whether the generic listing criterion proposed to be amended would continue to serve to ensure that the underlying securities of these fixed income indexes are sufficiently liquid and price-transparent, and that, when applied in conjunction with the other applicable generic listing requirements, would minimize potential manipulation. --------------------------------------------------------------------------- \20\ See supra note 3. --------------------------------------------------------------------------- Comments may be submitted by any of the following methods: Electronic CommentsUse the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or Send an email to [email protected]. Please include File Number SR-NYSEArca-2015-01 on the subject line. Paper Comments Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549-1090. All submissions should refer to File Numbers SR-NYSEArca-2015-01. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for Web site viewing and printing in the Commission's Public Reference Room, 100 F Street NE., Washington, DC 20549, on official business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of these filings also will be available for inspection and copying at the principal office of the Exchange. All comments received will be posted without change; the Commission does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR-NYSEArca-2015-01 and should be submitted on or before May 29, 2015. Rebuttal comments should be submitted by June 12, 2015. --------------------------------------------------------------------------- \21\ 17 CFR 200.30-3(a)(57). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\21\ Brent J. Fields, Secretary. [FR Doc. 2015-11057 Filed 5-7-15; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 80, No. 89 / Friday, May 8, 2015 / Notices 26591
Observational Medical Outcomes stakeholder group represented by SECURITIES AND EXCHANGE
Partnership (OMOP). Steering Committee seat, or COMMISSION
IMEDS’s primary objective is to understanding of issues around use of
advance the science and tools necessary [Release No. 34–74863; File No. SR–
electronic health data for observational NYSEArca–2015–01]
to support post-market evidence purposes.
generation on regulated products, Self-Regulatory Organizations; NYSE
including safety surveillance and d. Individuals both with and without
past experience in Mini-Sentinel, Arca, Inc.; Order Instituting
evaluations, and to facilitate utilization Proceedings To Determine Whether To
of a robust electronic healthcare data OMOP, and similar research/regulatory
science initiatives to ensure a diversity Approve or Disapprove Proposed Rule
platform for generating better evidence Change Amending NYSE Arca Equities
on regulated products in the post- of perspectives.
Rule 5.2(j)(3), Commentary .02 Relating
market settings. To accomplish this e. Individuals from both U.S.- and to the Listing of Investment Company
objective, the IMEDS program includes international-based institutions. Units Based on Municipal Bond
three projects: Indexes
1. IMEDS-Methods: Supports the III. Terms of Service
development of a methods research May 4, 2015.
agenda and coordination of methods • The IMEDS Steering Committee
On January 16, 2015, NYSE Arca, Inc.
research in support of using electronic meets in-person at least twice per year,
(‘‘Exchange’’) filed with the Securities
health data for safety surveillance with bimonthly teleconferences in and Exchange Commission
conducted by FDA as well as the between meetings (or monthly (‘‘Commission’’), pursuant to Section
broader community of researchers. teleconferences as deemed necessary by 19(b)(1) of the Securities Exchange Act
2. IMEDS-Education: Offers the Chair). of 1934 (‘‘Act’’) 1 and Rule 19b–4
educational opportunities in areas • Members serve two-year terms, and thereunder,2 a proposed rule change to
related to medical product safety a maximum of two terms (based on amend NYSE Arca Equities Rule
surveillance, and methods research and IMEDS fiscal calendar). 5.2(j)(3), Commentary .02 to
application for scientific professionals. accommodate the listing of certain
3. IMEDS-Evaluation: Applies • Members do not receive
Investment Company Units based on
Methods and Education lessons learned compensation from RUF.
municipal bond indexes. The proposed
for medical product assessments to • Members can be reimbursed by RUF rule change was published for comment
facilitate leveraging Sentinel tools and for actual and reasonable expenses in the Federal Register on February 4,
capabilities toward a national resource incurred in support of IMEDS in 2015.3 On March 19, 2015, pursuant to
for evidence generation. accordance with applicable law and Section 19(b)(2) of the Act,4 the
The IMEDS Steering Committee will their specific institutional policies. Commission designated a longer period
have oversight of all IMEDS projects.
• Members are subject to the IMEDS within which to approve the proposed
II. IMEDS Steering Committee Positions Conflict of Interest policies. rule change, disapprove the proposed
and Selection Criteria rule change, or institute proceedings to
RUF is seeking nominations for two IV. Nomination Instructions determine whether to disapprove the
(2) voting members of the IMEDS proposed rule change.5 The Commission
• To apply, please submit the received no comment letters on the
Steering Committee listed below. nominee’s CV and the nomination form
1. At Large (excluding Pharmaceutical proposed rule change. This order
that can be found on the IMEDS Web institutes proceedings under Section
representative): 1 member.
2. Provider (i.e., Clinician): 1 member. site: imeds.reaganudall.org, to IMEDS@ 19(b)(2)(B) of the Act 6 to determine
The following criteria will be used to reaganudall.org with ‘‘SC Nomination’’ whether to approve or disapprove the
evaluate nominees for the IMEDS in the subject line. proposed rule change.
Steering Committee. • Individuals may be nominated for I. Description of the Exchange’s
1. Required Criteria for Each of 2 one or more of the 2 voting positions,
Positions Proposal 7
and those making nominations should
a. Currently employed by/ specify for which of the 2 voting NYSE Arca Equities Rule 5.2(j)(3)
volunteering for stakeholder field (e.g., permits the listing and trading of
positions the nominee is being
academia, patient advocate, provider Investment Company Units (‘‘Units’’).8
nominated.
etc.) with several years of relevant
experience. • Individuals may nominate 1 15 U.S.C. 78s(b)(1).
b. Leading expert in their relevant themselves. 2 17 CFR 240.19b–4.
3 See Securities Exchange Act Release No. 74175
field (based on position/title, Dated: May 4, 2015. (Jan. 29, 2015), 80 FR 6150 (‘‘Notice’’).
publications, or other experience).
2. Criteria across Steering Committee Jane Reese-Coulbourne, 4 15 U.S.C. 78s(b)(2).
5 See Securities Exchange Act Release No. 74534,
(It is not a requirement that all Executive Director, Reagan-Udall Foundation
80 FR 15834 (Mar. 25, 2015). The Commission
nominees meet all of these criteria, but for the FDA. designated a longer period within which to take
collectively, the Steering Committee [FR Doc. 2015–11075 Filed 5–7–15; 8:45 am] action on the proposed rule change and designated
members should meet them.) BILLING CODE 4164–04–P
May 5, 2015, as the date by which it should
approve, disapprove, or institute proceedings to
asabaliauskas on DSK5VPTVN1PROD with NOTICES
a. Ability to complete Steering determine whether to disapprove the proposed rule
Committee responsibilities (which can change.
be accessed via the IMEDS Web site: 6 15 U.S.C. 78s(b)(2)(B).
http://imeds.reaganudall.org/ 7 A complete description of the proposal can be
governance.) found in the Notice. See Notice, supra note 3.
8 An ‘‘Investment Company Unit’’ is a security
b. Prior experience serving on a
that represents an interest in a registered
related or similar governance body. investment company that holds securities
c. Understanding of post-market comprising, or otherwise based on or representing
surveillance landscape and impact upon Continued
VerDate Sep<11>2014 16:38 May 07, 2015 Jkt 235001 PO 00000 Frm 00070 Fmt 4703 Sfmt 4703 E:\FR\FM\08MYN1.SGM 08MYN1](https://thefederalregister.org/doc/80_FR_26680/page/1.svg)
![Federal Register / Vol. 80, No. 89 / Friday, May 8, 2015 / Notices 26593
III. Procedure: Request for Written applicable generic listing requirements, For the Commission, by the Division of
Comments would minimize potential Trading and Markets, pursuant to delegated
manipulation. authority.21
The Commission requests that Brent J. Fields,
interested persons provide written Comments may be submitted by any
Secretary.
submissions of their views, data, and of the following methods:
[FR Doc. 2015–11057 Filed 5–7–15; 8:45 am]
arguments with respect to the issues
identified above, as well as any other Electronic Comments BILLING CODE 8011–01–P
concerns they may have with the • Use the Commission’s Internet
proposal. In particular, the Commission comment form (http://www.sec.gov/ SECURITIES AND EXCHANGE
invites the written views of interested rules/sro.shtml); or COMMISSION
persons concerning whether the
proposal is consistent with Section • Send an email to rule-comments@ [Release No. 34–74865; File No. SR–
6(b)(5) or any other provision of the Act, sec.gov. Please include File Number SR– NYSEARCA–2015–34]
or the rules and regulations thereunder. NYSEArca–2015–01 on the subject line.
Although there do not appear to be any Self-Regulatory Organizations; NYSE
Paper Comments Arca, Inc.; Notice of Filing and
issues relevant to approval or
Immediate Effectiveness of Proposed
disapproval that would be facilitated by • Send paper comments in triplicate
an oral presentation of views, data, and Rule Change Amending the Fees for
to Secretary, Securities and Exchange
arguments, the Commission will NYSE Arca Integrated Feed To Add a
Commission, 100 F Street NE.,
consider, pursuant to Rule 19b–4, any Late Fee In Connection With Failure To
Washington, DC 20549–1090. Submit the Non-Display Use
request for an opportunity to make an
oral presentation.19 All submissions should refer to File Declaration
Interested persons are invited to Numbers SR–NYSEArca–2015–01. This
May 4, 2015.
submit written data, views, and file number should be included on the
Pursuant to Section 19(b)(1) 1 of the
arguments regarding whether the subject line if email is used. To help the Securities Exchange Act of 1934 (the
proposal should be approved or Commission process and review your ‘‘Act’’) 2 and Rule 19b–4 thereunder,3
disapproved by May 29, 2015. Any comments more efficiently, please use notice is hereby given that, on April 24,
person who wishes to file a rebuttal to only one method. The Commission will 2015, NYSE Arca, Inc. (the ‘‘Exchange’’
any other person’s submission must file post all comments on the Commission’s or ‘‘NYSE Arca’’) filed with the
that rebuttal by June 12, 2015. Internet Web site (http://www.sec.gov/ Securities and Exchange Commission
The Commission asks that rules/sro.shtml). Copies of the (the ‘‘Commission’’) the proposed rule
commenters address the sufficiency of submission, all subsequent change as described in Items I, II, and
the Exchange’s statements in support of amendments, all written statements III below, which Items have been
the proposal, which are set forth in the with respect to the proposed rule prepared by the self-regulatory
Notice,20 in addition to any other change that are filed with the organization. The Commission is
comments they may wish to submit Commission, and all written publishing this notice to solicit
about the proposed rule change. In communications relating to the comments on the proposed rule change
particular, the Exchange concludes that proposed rule change between the from interested persons.
individual CUSIPs comprising the Commission and any person, other than
municipal bond offering can be I. Self-Regulatory Organization’s
those that may be withheld from the Statement of the Terms of Substance of
expected to be relatively fungible to one
public in accordance with the the Proposed Rule Change
another and that consideration of the
aggregate size of the municipal bond provisions of 5 U.S.C. 552, will be
available for Web site viewing and The Exchange proposes to amend the
offering, rather than the individual bond fees for NYSE Arca Integrated Feed to
component, does not raise concerns printing in the Commission’s Public
add a late fee in connection with failure
regarding pricing or liquidity of the Reference Room, 100 F Street NE.,
to submit the non-display use
applicable municipal bond index Washington, DC 20549, on official
declaration, operative on May 1, 2015.
components or of the Units overlying business days between the hours of The text of the proposed rule change is
the applicable index. With respect to 10:00 a.m. and 3:00 p.m. Copies of these available on the Exchange’s Web site at
these conclusions, the Commission filings also will be available for www.nyse.com, at the principal office of
seeks comment on whether the generic inspection and copying at the principal the Exchange, and at the Commission’s
listing criterion proposed to be amended office of the Exchange. All comments Public Reference Room.
would continue to serve to ensure that received will be posted without change;
the underlying securities of these fixed the Commission does not edit personal II. Self-Regulatory Organization’s
income indexes are sufficiently liquid identifying information from Statement of the Purpose of, and
and price-transparent, and that, when submissions. You should submit only Statutory Basis for, the Proposed Rule
applied in conjunction with the other information that you wish to make Change
available publicly. All submissions In its filing with the Commission, the
19 Section 19(b)(2) of the Act, as amended by the should refer to File Number SR– self-regulatory organization included
Securities Act Amendments of 1975, Public Law
asabaliauskas on DSK5VPTVN1PROD with NOTICES
94–29 (June 4, 1975), grants the Commission NYSEArca–2015–01 and should be statements concerning the purpose of,
flexibility to determine what type of proceeding— submitted on or before May 29, 2015. and basis for, the proposed rule change
either oral or notice and opportunity for written Rebuttal comments should be submitted and discussed any comments it received
comments—is appropriate for consideration of a on the proposed rule change. The text
particular proposal by a self-regulatory by June 12,2015.
organization. See Securities Act Amendments of
of those statements may be examined at
1975, Senate Comm. on Banking, Housing & Urban
1 15 U.S.C. 78s(b)(1).
Affairs, S. Rep. No. 75, 94th Cong., 1st Sess. 30
(1975). 2 15 U.S.C. 78a.
20 See supra note 3. 21 17 CFR 200.30–3(a)(57). 3 17 CFR 240.19b–4.
VerDate Sep<11>2014 16:38 May 07, 2015 Jkt 235001 PO 00000 Frm 00072 Fmt 4703 Sfmt 4703 E:\FR\FM\08MYN1.SGM 08MYN1](https://thefederalregister.org/doc/80_FR_26680/page/3.svg)
Document Created: 2018-02-21 10:24:07
Document Modified: 2018-02-21 10:24:07
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| FR Citation | 80 FR 26591 |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR