80 FR 54351 - Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change Relating to the Listing and Trading of Shares of the First Trust SSI Strategic Convertible Securities ETF of First Trust Exchange-Traded Fund IV

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 174 (September 9, 2015)

Page Range		54351-54352
FR Document		2015-22608

Federal Register, Volume 80 Issue 174 (Wednesday, September 9, 2015)

[Federal Register Volume 80, Number 174 (Wednesday, September 9, 2015)]
[Notices]
[Pages 54351-54352]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-22608]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-75817; File No. SR-NASDAQ-2015-075]


Self-Regulatory Organizations; The NASDAQ Stock Market LLC; 
Notice of Designation of a Longer Period for Commission Action on 
Proposed Rule Change Relating to the Listing and Trading of Shares of 
the First Trust SSI Strategic Convertible Securities ETF of First Trust 
Exchange-Traded Fund IV

September 2, 2015.
    On July 2, 2015, the NASDAQ Stock Market LLC 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 of the First Trust SSI Strategic Convertible Securities ETF 
of First Trust Exchange-

[[Page 54352]]

Traded Fund IV under Nasdaq Rule 5735 (``Managed Fund Shares''). The 
proposed rule change was published for comment in the Federal Register 
on July 20, 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. 75447 (July 14, 
2015), 80 FR 42847.
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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 
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 that it is appropriate to designate a longer 
period within which to take action on the proposed rule change so that 
it has sufficient time to consider the proposed rule change. 
Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates October 16, 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 
Number SR-NASDAQ-2015-075).
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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. 2015-22608 Filed 9-8-15; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 80, No. 174 / Wednesday, September 9, 2015 / Notices 54351

for certain exceptions, including that which it was filed, or such shorter time rules/sro.shtml). Copies of the
any order 14 received with a routing as the Commission may designate, it has submission, all subsequent
instruction (as defined in Nasdaq Rule become effective pursuant to Section amendments, all written statements
4758) prior to the opening of trading in 19(b)(3)(A) of the Act and Rule 19b– with respect to the proposed rule
the ETMF security will be automatically 4(f)(6) thereunder.17 change that are filed with the
canceled and returned. Also, the A proposed rule change filed Commission, and all written
proposed rule seeks to clarify that pursuant to Rule 19b–4(f)(6) under the communications relating to the
certain Time-in-Force Order Attributes Act 18 normally does not become proposed rule change between the
(as defined in Nasdaq Rule 4703) are not operative for 30 days after the date of its Commission and any person, other than
applicable for ETMF securities and filing. However, Rule 19b–4(f)(6)(iii)19 those that may be withheld from the
include the following orders: GTC, permits the Commission to designate a public in accordance with the
MGTC, and SGTC Orders.15 shorter time if such action is consistent provisions of 5 U.S.C. 552, will be
The Exchange believes that, because with the protection of investors and the available for Web site viewing and
this proposed rule change clarifies for public interest. printing in the Commission’s Public
all market participants exactly what At any time within 60 days of the Reference Room, 100 F Street NE.,
types of Order Attributes are filing of the proposed rule change, the Washington, DC 20549 on official
permissible for ETMF Shares and Commission summarily may business days between the hours of
thereby reduces possible confusion in temporarily suspend such rule change if 10:00 a.m. and 3:00 p.m. Copies of such
the trading of ETMF Shares, it will it appears to the Commission that such filing also will be available for
facilitate transactions in securities, action is necessary or appropriate in the inspection and copying at the principal
remove impediments to and perfect the public interest, for the protection of office of Nasdaq. All comments received
mechanism of a free and open market investors, or otherwise in furtherance of will be posted without change; the
and a national market system, and, in the purposes of the Act. If the Commission does not edit personal
general, help to protect investors and Commission takes such action, the identifying information from
the public interest. The proposed rule Commission shall institute proceedings submissions. You should submit only
change is not designed to permit unfair to determine whether the proposed rule information that you wish to make
discrimination between customers, should be approved or disapproved. available publicly.
issuers, brokers, or dealers. All submissions should refer to File
For the above reasons, Nasdaq IV. Solicitation of Comments Number SR–NASDAQ–2015–103, and
believes the proposed rule change is Interested persons are invited to should be submitted on or before
consistent with the requirements of submit written data, views, and September 30, 2015.
Section 6(b)(5) of the Act.16 arguments concerning the foregoing, For the Commission, by the Division of
including whether the proposed rule Trading and Markets, pursuant to delegated
B. Self-Regulatory Organization’s authority.20
change is consistent with the Act.
Statement on Burden on Competition Robert W. Errett,
Comments may be submitted by any of
The Exchange does not believe that the following methods: Deputy Secretary.
the proposed rule change will result in [FR Doc. 2015–22606 Filed 9–8–15; 8:45 am]
any burden on competition that is not Electronic Comments
BILLING CODE 8011–01–P
necessary or appropriate in furtherance • Use the Commission’s Internet
of the purposes of the Act. The comment form (http://www.sec.gov/
Exchange believes that the proposed rules/sro.shtml); or SECURITIES AND EXCHANGE
rule change will assist in the • Send an email to rule-comments@ COMMISSION
introduction of ETMFs through sec.gov. Please include File Number SR–
[Release No. 34–75817; File No. SR–
clarifying for all market participants NASDAQ–2015–103 on the subject line. NASDAQ–2015–075]
exactly what types of Order Attributes
Paper Comments
are permissible for ETMF Shares and Self-Regulatory Organizations; The
will reduce possible confusion in the • Send paper comments in triplicate NASDAQ Stock Market LLC; Notice of
trading of ETMF Shares. to Brent J. Fields, Secretary, Securities Designation of a Longer Period for
and Exchange Commission, 100 F Street Commission Action on Proposed Rule
C. Self-Regulatory Organization’s NE., Washington, DC 20549–1001.
Statement on Comments on the Change Relating to the Listing and
Proposed Rule Change Received From All submissions should refer to File Trading of Shares of the First Trust SSI
Members, Participants, or Others Number SR–NASDAQ–2015–103. This Strategic Convertible Securities ETF of
file number should be included on the First Trust Exchange-Traded Fund IV
Written comments were neither subject line if email is used. To help the
solicited nor received. September 2, 2015.
Commission process and review your
comments more efficiently, please use On July 2, 2015, the NASDAQ Stock
III. Date of Effectiveness of the Market LLC filed with the Securities
Proposed Rule Change and Timing for only one method. The Commission will
post all comments on the Commission’s and Exchange Commission
Commission Action (‘‘Commission’’), pursuant to Section
Internet Web site (http://www.sec.gov/
Because the foregoing proposed rule 19(b)(1) of the Securities Exchange Act
change does not: (i) Significantly affect 17 17 CFR 240.19b–4(f)(6). As required under Rule of 1934 (‘‘Act’’) 1 and Rule 19b–4
the protection of investors or the public 19b–4(f)(6)(iii), the Exchange provided the thereunder,2 a proposed rule change to
Lhorne on DSK5TPTVN1PROD with NOTICES

interest; (ii) impose any significant Commission with written notice of its intent to file list and trade the shares of the First
burden on competition; and (iii) become the proposed rule change, along with a brief Trust SSI Strategic Convertible
description and the text of the proposed rule
operative for 30 days from the date on change, at least five business days prior to the date Securities ETF of First Trust Exchange-
of filing of the proposed rule change, or such
14 See Nasdaq Rule 4701(e). shorter time as designated by the Commission. 20 17 CFR 200.30–3(a)(12).
15 See Nasdaq Rule 4703(a)(3). 18 17 CFR 240.19b–4(f)(6). 1 15 U.S.C. 78s(b)(1).
16 15 U.S.C. 78f(b)(5). 19 17 CFR 240.19b–4(f)(6)(iii). 2 17 CFR 240.19b–4.

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54352 Federal Register / Vol. 80, No. 174 / Wednesday, September 9, 2015 / Notices

Traded Fund IV under Nasdaq Rule (44 U.S.C. 3501 et seq.), the Securities 100 F Street NE., Washington, DC
5735 (‘‘Managed Fund Shares’’). The and Exchange Commission 20549–2736.
proposed rule change was published for (‘‘Commission’’) is soliciting comments Extension:
comment in the Federal Register on July on the collection of information Form T–4, SEC File No. 270–124, OMB
20, 2015.3 The Commission received no summarized below. The Commission Control No. 3235–0107.
comment letters on the proposed rule plans to submit this existing collection
change. of information to the Office of Notice is hereby given that, pursuant
Section 19(b)(2) of the Act 4 provides Management and Budget for approval. to the Paperwork Reduction Act of 1995
that, within 45 days of the publication Form T–3 (17 CFR 269.3) is an (44 U.S.C. 3501 et seq.), the Securities
of notice of the filing of a proposed rule application for qualification of an and Exchange Commission
change, or within such longer period up indenture under the Trust Indenture Act (‘‘Commission’’) is soliciting comments
to 90 days as the Commission may of 1939 (15 U.S.C. 77aaa et seq.). The on the collection of information
designate if it finds such longer period information provided under Form T–3 summarized below. The Commission
to be appropriate and publishes its is used by the Commission to determine plans to submit this existing collection
reasons for so finding or as to which the whether to qualify an indenture relating of information to the Office of
self-regulatory organization consents, to an offering of debt securities that is Management and Budget for approval.
the Commission shall either approve the not required to be registered under the
proposed rule change, disapprove the Securities Act of 1933 (15 U.S.C. 77a et Form T–4 (17 CFR 269.4) is a form
proposed rule change, or institute seq.). Form T–3 takes approximately 43 used by an issuer to apply for an
proceedings to determine whether the hours per response to prepare and is exemption under Section 304(c) (15
proposed rule change should be filed by 36 respondents. We estimate U.S.C. 77ddd (c)) of the Trust Indenture
disapproved. The Commission is that 25% of the 43 burden hours (11 Act of 1939 (77 U.S.C. 77aaa et seq.).
extending this 45-day time period. hours per response) is prepared by the Form T–4 takes approximately 5 hours
The Commission finds that it is filer for a total reporting burden of 396 per response to prepare and is filed by
appropriate to designate a longer period hours (11 hours per response × 36 approximately 3 respondents. We
within which to take action on the responses). estimate that 25% of the 5 burden hours
proposed rule change so that it has Written comments are invited on: (a) (1 hour per response) is prepared by the
sufficient time to consider the proposed Whether this proposed collection of filer for a total reporting burden of 3
rule change. Accordingly, the information is necessary for the hours (1 hour per response x 3
Commission, pursuant to Section performance of the functions of the responses).
19(b)(2) of the Act,5 designates October agency, including whether the
16, 2015, as the date by which the Written comments are invited on: (a)
information will have practical utility;
Commission should either approve or Whether this proposed collection of
(b) the accuracy of the agency’s estimate
disapprove or institute proceedings to information is necessary for the
of the burden imposed by the collection
determine whether to disapprove the of information; (c) ways to enhance the performance of the functions of the
proposed rule change (File Number SR– quality, utility, and clarity of the agency, including whether the
NASDAQ–2015–075). information collected; and (d) ways to information will have practical utility;
For the Commission, by the Division of minimize the burden of the collection of (b) the accuracy of the agency’s estimate
Trading and Markets, pursuant to delegated information on respondents, including of the burden imposed by the collection
authority.6 through the use of automated collection of information; (c) ways to enhance the
Robert W. Errett, techniques or other forms of information quality, utility, and clarity of the
Deputy Secretary. technology. Consideration will be given information collected; and (d) ways to
[FR Doc. 2015–22608 Filed 9–8–15; 8:45 am] to comments and suggestions submitted minimize the burden of the collection of
BILLING CODE 8011–01–P
in writing within 60 days of this information on respondents, including
publication. through the use of automated collection
Please direct your written comments techniques or other forms of information
SECURITIES AND EXCHANGE to Pamela Dyson, Director/Chief technology. Consideration will be given
COMMISSION Information Officer, Securities and to comments and suggestions submitted
Exchange Commission, c/o Remi Pavlik- in writing within 60 days of this
[SEC File No. 270–123, OMB Control No.
3235–0105]
Simon, 100 F Street NE., Washington, publication.
DC 20549; or send an email to: PRA_ Please direct your written comments
Proposed Collection; Comment Mailbox@sec.gov.
to Pamela Dyson, Director/Chief
Request Dated: September 2, 2015. Information Officer, Securities and
Robert W. Errett, Exchange Commission, c/o Remi Pavlik-
Upon Written Request Copies Available
From: Securities and Exchange Deputy Secretary. Simon, 100 F Street NE., Washington,
Commission, Office of FOIA Services, [FR Doc. 2015–22600 Filed 9–8–15; 8:45 am] DC 20549; or send an email to: PRA_
100 F Street NE., Washington, DC BILLING CODE 8011–01–P Mailbox@sec.gov.
20549–2736. Dated: September 2, 2015.
Extension: Form T–3. SECURITIES AND EXCHANGE Robert W. Errett,
Notice is hereby given that, pursuant COMMISSION Deputy Secretary.
Lhorne on DSK5TPTVN1PROD with NOTICES

to the Paperwork Reduction Act of 1995 [FR Doc. 2015–22601 Filed 9–8–15; 8:45 am]
Proposed Collection; Comment BILLING CODE 8011–01–P
3 See Securities Exchange Act Release No. 75447 Request
(July 14, 2015), 80 FR 42847.
4 15 U.S.C. 78s(b)(2). Upon Written Request Copies Available
5 Id. From: Securities and Exchange
6 17 CFR 200.30–3(a)(31). Commission, Office of FOIA Services,

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Document Created: 2015-12-15 09:52:58
Document Modified: 2015-12-15 09:52:58

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 54351