80 FR 30511 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Modify the Appointment Process Utilized by the Exchange

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 102 (May 28, 2015)

Page Range		30511-30511
FR Document		2015-12836

Federal Register, Volume 80 Issue 102 (Thursday, May 28, 2015)

[Federal Register Volume 80, Number 102 (Thursday, May 28, 2015)]
[Notices]
[Page 30511]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-12836]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-75032; File No. SR-NYSEArca-2015-17]


Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change To Modify the Appointment Process Utilized by the Exchange

May 21, 2015.
    On March 20, 2015, NYSE Arca, Inc., (``NYSE Arca'' or ``Exchange'') 
filed with the Securities and Exchange Commission (the ``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 
modify the Market Maker appointment and withdrawal process used by the 
Exchange. The proposed rule change was published for comment in the 
Federal Register on April 8, 2015.\3\ The Commission received no 
comment letters on the proposed rule change.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 74635 (April 2, 
2015), 80 FR 18909.
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    Section 19(b)(2) of the Act \4\ 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 May 23, 2015. The Commission is extending 
this 45-day time period.
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    \4\ 15 U.S.C. 78s(b)(2).
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    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. The proposed 
rule change, if approved, would modify the Market Maker appointment and 
withdrawal process used by the Exchange.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates July 7, 2015, 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-
NYSEArca-2015-17).
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    \5\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(31).
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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-12836 Filed 5-27-15; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 80, No. 102 / Thursday, May 28, 2015 / Notices 30511

(6) The Fund will not use derivative (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a SECURITIES AND EXCHANGE
instruments, including options, swaps, proposed rule change to modify the COMMISSION
forwards and futures contracts, both Market Maker appointment and
[Release No. 34–75024; File No. SR–BX–
listed and OTC. withdrawal process used by the 2015–029]
(7) The Fund’s net assets that are Exchange. The proposed rule change
invested in exchange-traded equities, was published for comment in the Self-Regulatory Organizations;
including ETPs and common stock, will Federal Register on April 8, 2015.3 The NASDAQ OMX BX, Inc.; Notice of Filing
be invested in instruments that trade in Commission received no comment and Immediate Effectiveness of
markets that are members of ISG or are letters on the proposed rule change. Proposed Rule Change Regarding
parties to a comprehensive surveillance Penny Pilot Options Fees and Rebates
sharing agreement with the Exchange. Section 19(b)(2) of the Act 4 provides
(8) The Fund may hold up to an that within 45 days of the publication of May 21, 2015.
aggregate amount of 15% of its net notice of the filing of a proposed rule Pursuant to Section 19(b)(1) of the
assets in illiquid securities and other change, or within such longer period up Securities Exchange Act of 1934
illiquid assets (calculated at the time of to 90 days as the Commission may (‘‘Act’’),1 and Rule 19b–4 thereunder,2
investment). designate if it finds such longer period notice is hereby given that on May 11,
(9) A minimum of 100,000 Shares will to be appropriate and publishes its 2015, NASDAQ OMX BX, Inc. (‘‘BX’’ or
be outstanding at the commencement of reasons for so finding or as to which the ‘‘Exchange’’) filed with the Securities
trading on the Exchange. self-regulatory organization consents, and Exchange Commission (‘‘SEC’’ or
This approval order is based on all of the Commission shall either approve the ‘‘Commission’’) the proposed rule
the Exchange’s representations, proposed rule change, disapprove the change as described in Items I, II, and
including those set forth above and in proposed rule change, or institute III, below, which Items have been
the Notice. For the foregoing reasons, proceedings to determine whether the prepared by the Exchange. The
the Commission finds that the proposed proposed rule change should be Commission is publishing this notice to
rule change, as modified by Amendment disapproved. The 45th day for this filing solicit comments on the proposed rule
No. 1, is consistent with Section 6(b)(5) is May 23, 2015. The Commission is change from interested persons.
of the Act 31 and the rules and extending this 45-day time period. I. Self-Regulatory Organization’s
regulations thereunder applicable to a Statement of the Terms of Substance of
national securities exchange. The Commission finds it appropriate
to designate a longer period within the Proposed Rule Change
IV. Conclusion which to take action on the proposed The Exchange proposes to amend
It is therefore ordered, pursuant to rule change so that it has sufficient time Chapter XV, entitled ‘‘Options Pricing’’
Section 19(b)(2) of the Exchange Act,32 to consider this proposed rule change. and Section 2, entitled ‘‘Options
that the proposed rule change (SR– The proposed rule change, if approved, Market—Fees and Rebates’’.
NASDAQ–2015–023), as modified by would modify the Market Maker Specifically, the Exchange proposes to:
Amendment No. 1, is hereby approved. appointment and withdrawal process (1) Decrease the Fee to Add Liquidity in
For the Commission, by the Division of used by the Exchange. Penny Pilot Options; 3 (2) decrease the
Trading and Markets, pursuant to delegated Accordingly, the Commission, Rebate to Remove Liquidity in Penny
authority.33 Pilot Options; and (3) delete the
pursuant to Section 19(b)(2) of the Act,5
Robert W. Errett, Monthly Volume Tiers that apply to
designates July 7, 2015, as the date by
Deputy Secretary.
Lead Market Makers.
which the Commission should either The text of the proposed rule change
[FR Doc. 2015–12835 Filed 5–27–15; 8:45 am] approve or disapprove, or institute is available on the Exchange’s Web site
BILLING CODE 8011–01–P proceedings to determine whether to at http://
disapprove, the proposed rule change nasdaqomxbx.cchwallstreet.com, at the
(File No. SR–NYSEArca–2015–17). principal office of the Exchange, and at
SECURITIES AND EXCHANGE
For the Commission, by the Division of the Commission’s Public Reference
COMMISSION
Trading and Markets, pursuant to delegated Room.
[Release No. 34–75032; File No. SR– authority.6
II. Self-Regulatory Organization’s
NYSEArca–2015–17] Robert W. Errett, Statement of the Purpose of, and
Self-Regulatory Organizations; NYSE Deputy Secretary. Statutory Basis for, the Proposed Rule
Arca, Inc.; Notice of Designation of a [FR Doc. 2015–12836 Filed 5–27–15; 8:45 am] Change
Longer Period for Commission Action BILLING CODE 8011–01–P In its filing with the Commission, the
on a Proposed Rule Change To Modify Exchange included statements
the Appointment Process Utilized by concerning the purpose of and basis for
the Exchange
1 15 U.S.C. 78s(b)(1).
May 21, 2015. 2 17 CFR 240.19b–4.
On March 20, 2015, NYSE Arca, Inc., 3 Penny Pilot Options are options that quote and
asabaliauskas on DSK5VPTVN1PROD with NOTICES

(‘‘NYSE Arca’’ or ‘‘Exchange’’) filed trade pursuant to the Penny Pilot, an industry-wide
with the Securities and Exchange program. The Penny Pilot was established on the
Exchange in June 2012 and last extended in
Commission (the ‘‘Commission’’), 1 15 U.S.C. 78s(b)(1). December 2014. See Securities Exchange Act
pursuant to Section 19(b)(1) of the 2 17 CFR 240.19b–4. Release Nos. 67256 (June 26, 2012), 77 FR 39277
Securities Exchange Act of 1934 3 See Securities Exchange Act Release No. 74635 (July 2, 2012) (SR–BX–2012–030) (order approving
(April 2, 2015), 80 FR 18909. BX option rules and establishing Penny Pilot); and
4 15 U.S.C. 78s(b)(2).
73689 (November 25, 2014), 79 FR 71488
31 15 U.S.C. 78f(b)(5). (December 2, 2014) (SR–BX–2014–057) (notice of
32 15 5 Id.
U.S.C. 78s(b)(2). filing and immediate effectiveness extending the
33 17 CFR 200.30–3(a)(12). 6 17 CFR 200.30–3(a)(31). Penny Pilot through June 30, 2015).

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Document Created: 2018-02-21 10:32:59
Document Modified: 2018-02-21 10:32:59

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 30511