80 FR 34184 - Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change, as Modified by Amendments Nos. 1 and 2 Thereto, Relating to the Listing and Trading of the Shares of 18 Eaton Vance NextShares ETMFs of Either the Eaton Vance ETMF Trust or the Eaton Vance ETMF Trust II

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 114 (June 15, 2015)

[Federal Register Volume 80, Number 114 (Monday, June 15, 2015)]
[Notices]
[Pages 34184-34185]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-14477]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-75121; File No. SR-NASDAQ-2015-036]


Self-Regulatory Organizations; The NASDAQ Stock Market LLC; 
Notice of Designation of a Longer Period for Commission Action on 
Proposed Rule Change, as Modified by Amendments Nos. 1 and 2 Thereto, 
Relating to the Listing and Trading of the Shares of 18 Eaton Vance 
NextShares ETMFs of Either the Eaton Vance ETMF Trust or the Eaton 
Vance ETMF Trust II

June 8, 2015.

I. Introduction

    On April 10, 2015, The NASDAQ Stock Market LLC (``Nasdaq'' 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 list and trade the shares (``Shares'') of the 
following 18 exchange-traded managed funds: Eaton Vance Balanced 
NextSharesTM; Eaton Vance Global Dividend Income 
NextSharesTM; Eaton Vance Growth NextSharesTM; 
Eaton Vance Large-Cap Value NextSharesTM; Eaton Vance 
Richard Bernstein All Asset Strategy NextSharesTM; Eaton 
Vance Richard Bernstein Equity Strategy NextSharesTM; Eaton 
Vance Small-Cap NextSharesTM; Eaton Vance Stock 
NextSharesTM; Parametric Emerging Markets 
NextSharesTM; Parametric International Equity 
NextSharesTM; Eaton Vance Bond NextSharesTM; 
Eaton Vance TABS 5-to-15 Year Laddered Municipal Bond 
NextSharesTM; Eaton Vance Floating-Rate & High Income 
NextSharesTM; Eaton Vance Global Macro Absolute Return 
NextSharesTM; Eaton Vance Government Obligations 
NextSharesTM; Eaton Vance High Income Opportunities 
NextSharesTM; Eaton Vance High Yield Municipal Income 
NextSharesTM; and Eaton Vance National Municipal Income 
NextSharesTM (collectively, ``Funds''). On April 21, 2015, 
the Exchange filed Amendments Nos. 1 and 2 to the proposal.\3\ The 
proposed rule change, as modified by Amendments Nos. 1 and 2 thereto, 
was published for comment in the Federal Register on April 29, 2015.\4\ 
The Commission received no comments on the proposed rule change.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Amendment No. 1 amended and replaced the proposed rule 
change in its entirety. Amendment No. 2 subsequently amended the 
proposal to include a new footnote to reflect a Web site reference.
    \4\ See Securities Exchange Act Release No. 74797 (Apr. 23, 
2015), 80 FR 23831 (``Notice'').
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    Section 19(b)(2) of the Act \5\ 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 June 13, 2015. The Commission is extending 
this 45-day time period.
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    \5\ 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, which seeks to 
list and trade Shares of the Funds pursuant to Nasdaq Rule 5745 
governing the listing

[[Page 34185]]

and trading of Exchange-Traded Managed Fund Shares, so that it has 
sufficient time to consider this proposed rule change.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\6\ designates July 28, 2015, as the date by which the Commission 
shall either approve or disapprove, or institute proceedings to 
determine whether to disapprove, the proposed rule change (File No. SR-
NASDAQ-2015-036).
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    \6\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
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    \7\ 17 CFR 200.30-3(a)(31).
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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-14477 Filed 6-12-15; 8:45 am]
 BILLING CODE 8011-01-P