80 FR 66085 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Regarding the AdvisorShares WCM/BNY Mellon Focused Growth ADR ETF's Holdings

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 208 (October 28, 2015)

Page Range		66085-66087
FR Document		2015-27344

Federal Register, Volume 80 Issue 208 (Wednesday, October 28, 2015)

[Federal Register Volume 80, Number 208 (Wednesday, October 28, 2015)]
[Notices]
[Pages 66085-66087]
From the Federal Register Online [www.thefederalregister.org]
[FR Doc No: 2015-27344]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-76224; File No. SR-NYSEArca-2015-94]

Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing
and Immediate Effectiveness of Proposed Rule Change Regarding the
AdvisorShares WCM/BNY Mellon Focused Growth ADR ETF's Holdings

October 22, 2015.
Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of
1934 (the ``Act'') \2\ and Rule 19b-4 thereunder,\3\ notice is hereby
given that, on October 8, 2015, NYSE Arca, Inc. (the ``Exchange'' or
``NYSE Arca'') filed with the Securities and Exchange Commission (the
``Commission'') the proposed rule change as described in Items I and II
below, which Items have been prepared by the self-regulatory
organization. The Commission is publishing this notice to solicit
comments on the proposed rule change from interested persons.
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 15 U.S.C. 78a.
\3\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

The Exchange proposes to change a representation regarding the
AdvisorShares WCM/BNY Mellon Focused Growth ADR ETF's holdings. Shares
of the WCM/BNY Mellon Focused Growth ADR ETF have been approved for
listing and trading on the Exchange under NYSE Arca Equities Rule
8.600. The text of the proposed rule change is available on the
Exchange's Web site at www.nyse.com, at the principal office of the
Exchange, and at the Commission's Public Reference Room.

II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change

In its filing with the Commission, the self-regulatory organization
included statements concerning the purpose of, and basis for, the
proposed rule change and discussed any comments it received on the
proposed rule change. The text of those statements may be examined at
the places specified in Item IV below. The Exchange has prepared
summaries, set forth in sections A, B, and C below, of the most
significant parts of such statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule Change

1. Purpose
The Commission has approved a proposed rule change relating to
listing and trading on the Exchange of shares (``Shares'') of the
AdvisorShares WCM/BNY Mellon Focused Growth ADR ETF (the ``Fund'')
under NYSE Arca Equities Rule 8.600,\4\ which governs the listing

[[Page 66086]]

and trading of Managed Fund Shares.\5\ The Fund's Shares are currently
listed and traded on the Exchange under NYSE Arca Equities Rule 8.600.
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\4\ See Securities Exchange Act Release No. 62502 (July 15,
2010), 75 FR 42471 (July 21, 2010) (SR-NYSEArca-2010-57) (the
``Prior Order''). The notice with respect to the Prior Order was
published in Securities Exchange Act Release No. 62344 (June 21,
2010), 75 FR 37498 (June 29, 2010) (``Prior Notice'' and, together
with the Prior Order, the ``Prior Release''). The Exchange has filed
a proposed rule change pursuant to Rule 19b-4 under the Act to
provide that the Fund may invest in securities outside of U.S.
markets, and that not more than 10% of the net assets of the Fund in
the aggregate invested in equity securities (excluding non-exchange-
traded investment company securities) shall consist of equity
securities whose principal market is not a member of the Intermarket
Surveillance Group (``ISG'') or is a market with which the Exchange
does not have a comprehensive surveillance sharing agreement. See
Securities Exchange Act Release No. 74271 (February 13, 2015), 80 FR
9301 (February 20, 2015) (SR-NYSEArca-2015-06) (``Second Prior
Release''). The Exchange also has filed a proposed rule change
pursuant to Rule 19b-4 under the Act to provide that the Fund will
invest at least 80% of its total assets in American Depositary
Receipts (``ADRs'') and other equity securities, including common
and preferred stock, warrants, convertible securities and master
limited partnerships, and that the Fund's portfolio will consist
primarily of ADRs. See Securities Exchange Act Release No. 75100
(June 3, 2015), 80 FR 32641 (June 9, 2015) (SR-NYSEArca-2015-47)
(``Third Prior Release'').
\5\ A Managed Fund Share is a security that represents an
interest in an investment company registered under the Investment
Company Act of 1940 (15 U.S.C. 80a-1) (``1940 Act'') organized as an
open-end investment company or similar entity that invests in a
portfolio of securities selected by its investment adviser
consistent with its investment objectives and policies. In contrast,
an open-end investment company that issues Investment Company Units,
listed and traded on the Exchange under NYSE Arca Equities Rule
5.2(j)(3), seeks to provide investment results that correspond
generally to the price and yield performance of a specific foreign
or domestic stock index, fixed income securities index or
combination thereof.
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The Shares are offered by AdvisorShares Trust (the ``Trust''), a
statutory trust organized under the laws of the State of Delaware and
registered with the Commission as an open-end management investment
company.\6\ The investment adviser to the Fund is AdvisorShares
Investments, LLC (the ``Adviser''). WCM Investment Management (``WCM'')
is the sub-adviser and portfolio manager to the Fund (``Sub-Adviser'').
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\6\ The Trust is registered under the 1940 Act. On November 1,
2014, the Trust filed with the Commission an amendment to its
registration statement on Form N-1A under the Securities Act of 1933
(15 U.S.C. 77a) and the 1940 Act relating to the Fund (File Nos.
333-157876 and 811-22110) (the ``Registration Statement''). The
description of the operation of the Trust and the Fund herein is
based, in part, on the Registration Statement. In addition, the
Commission has issued an order granting certain exemptive relief to
the Trust under the 1940 Act. See Investment Company Act Release No.
29291 (May 28, 2010) (File No. 812-13677) (``Exemptive Order'').
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According to the Registration Statement, and as stated in the Prior
Release, the Fund's investment objective is long-term capital
appreciation above international benchmarks such as the BNY Mellon
Classic ADR Index and the MSCI EAFE Index. WCM seeks to achieve the
Fund's investment objective by selecting a portfolio of U.S. traded
securities of non-U.S. organizations included in the BNY Mellon Classic
ADR Index. The BNY Mellon Classic ADR Index predominantly includes ADRs
and, in addition, includes other Depositary Receipts (``DRs''), which
include Global Depositary Receipts (``GDRs''), Euro Depositary Receipts
(``Euro DRs'') and New York Shares (``NYSs'').\7\
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\7\ According to the Registration Statement, DRs, which include
ADRs, GDRs, Euro DRs and NYSs, are negotiable securities that
generally represent a non-U.S. company's publicly traded equity or
debt. DRs may be purchased in the U.S. secondary trading market.
They may trade freely, just like any other security, either on an
exchange or in the over-the-counter market. Although typically
denominated in U.S. dollars, DRs can also be denominated in Euros.
DRs can trade on all U.S. stock exchanges as well as on many
European stock exchanges.
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The Prior Notice and the Second Prior Release stated that the
Fund's portfolio will typically have fewer than 30 companies. The
Exchange proposes to amend such statement in the Prior Notice and the
Second Prior Release to provide that, going forward, the Fund's
portfolio will typically have fewer than 40 companies. The Adviser and
Sub-Adviser have represented that an increase in the number of
companies typically included in the Fund's portfolio would provide the
Fund with additional investment opportunities to permit the Fund to
meet its investment objective, as described above.
Except for the change described above, all other representations
made in the Prior Release, the Second Prior Release and the Third Prior
Release remain unchanged.\8\ The Fund will continue to comply with all
initial and continued listing requirements under NYSE Arca Equities
Rule 8.600.

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\8\ See note 4, supra. All terms referenced but not defined
herein are defined in the Prior Release.
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2. Statutory Basis
The basis under the Act for this proposed rule change is the
requirement under Section 6(b)(5) \9\ that an exchange have rules that
are designed to prevent fraudulent and manipulative acts and practices,
to promote just and equitable principles of trade, to remove
impediments to, and perfect the mechanism of a free and open market
and, in general, to protect investors and the public interest.
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\9\ 15 U.S.C. 78f(b)(5).
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The Exchange believes that the proposed rule change is designed to
prevent fraudulent and manipulative acts and practices in that the
Shares are listed and traded on the Exchange pursuant to the initial
and continued listing criteria in NYSE Arca Equities Rule 8.600. Except
for the change described above, all other representations made in the
Prior Release, the Second Prior Release and the Third Prior Release
remain unchanged. The Fund will continue to comply with all initial and
continued listing requirements under NYSE Arca Equities Rule 8.600.
The proposed rule change is designed to promote just and equitable
principles of trade and to protect investors and the public interest in
that the net asset value (``NAV'') per Share is calculated daily and
that the NAV and the Disclosed Portfolio is made available to all
market participants at the same time. An increase in the number of
companies typically included in the Fund's portfolio from 30 to 40
would further diversify the Fund's investments and may decrease the
susceptibility to manipulation of the Shares' price.
The proposed rule change is designed to perfect the mechanism of a
free and open market and, in general, to protect investors and the
public interest. The Adviser represents that the proposed change, as
described above, is consistent with the Fund's investment objective,
and will further assist the Adviser and Sub-Adviser to achieve such
investment objective. Such an increase would further the public
interest by providing the Fund with additional flexibility to achieve
long-term capital appreciation above international benchmarks. An
increase in the number of companies typically included in the Fund's
portfolio from 30 to 40 would further diversify the Fund's investments
and may decrease the susceptibility to manipulation of the Shares'
price.

B. Self-Regulatory Organization's Statement on Burden on Competition

The Exchange does not believe that the proposed rule change will
impose any burden on competition that is not necessary or appropriate
in furtherance of the purpose of the Act. The Exchange believes the
proposed rule change is designed to allow the Fund to invest in a
broader range of non-U.S. equity securities thereby helping the Fund to
achieve its investment objective, and will enhance competition among
issues of Managed Fund Shares that invest in non-U.S. equity
securities.

[[Page 66087]]

C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others

No written comments were solicited or received with respect to the
proposed rule change.

III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action

Because the proposed rule change does not (i) significantly affect
the protection of investors or the public interest; (ii) impose any
significant burden on competition; and (iii) become operative for 30
days from the date on which it was filed, or such shorter time as the
Commission may designate, the proposed rule change has become effective
pursuant to Section 19(b)(3)(A) of the Act \10\ and Rule 19b-4(f)(6)
thereunder.\11\
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\10\ 15 U.S.C. 78s(b)(3)(A).
\11\ 17 CFR 240.19b-4(f)(6). As required under Rule 19b-
4(f)(6)(iii), the Exchange provided the Commission with written
notice of its intent to file the proposed rule change, along with a
brief description and the text of the proposed rule change, at least
five business days prior to the date of filing of the proposed rule
change, or such shorter time as designated by the Commission.
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The Exchange has asked the Commission to waive the 30-day operative
delay so that the proposal may become operative immediately upon
filing. The Exchange states that an increase in the number of companies
typically included in the Fund's portfolio from 30 to 40 would further
diversify the Fund's investments and may decrease the susceptibility to
manipulation of the Shares' price. For that reason, the Commission
believes that waiver of the 30-day operative delay is consistent with
the protection of investors and the public interest. Therefore, the
Commission designates the proposed rule change to be operative upon
filing.\12\

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\12\ For purposes only of waiving the 30-day operative delay,
the Commission has considered the proposed rule's impact on
efficiency, competition, and capital formation. See 15 U.S.C.
78c(f).
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IV. Solicitation of Comments

Interested persons are invited to submit written data, views, and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:

Electronic Comments

Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or
Send an email to rule-comments@sec.gov. Please include
File Number SR-NYSEArca-2015-94 on the subject line.

Paper Comments

Send paper comments in triplicate to Brent J. Fields,
Secretary, Securities and Exchange Commission, 100 F Street NE.,
Washington, DC 20549-1090.

All submissions should refer to File Number SR-NYSEArca-2015-94. 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 Section, 100 F Street
NE., Washington, DC 20549 on official business days between 10 a.m. and
3 p.m. Copies of the filing will also be available for inspection and
copying at the NYSE's principal office and on its Internet Web site at
www.nyse.com. 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-2015-94 and should be submitted on or before November 18,
2015.

For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\13\
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\13\ 17 CFR 200.30-3(a)(12).
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Brent J. Fields,
Secretary.
[FR Doc. 2015-27344 Filed 10-27-15; 8:45 am]
BILLING CODE 8011-01-P

Federal Register / Vol. 80, No. 208 / Wednesday, October 28, 2015 / Notices 66085

effective pursuant to Section 19(b)(3)(A) All submissions should refer to File ‘‘Act’’) 2 and Rule 19b–4 thereunder,3
of the Act 14 and Rule 19b–4(f)(6)(iii) Number SR–ISEGemini–2015–22. This notice is hereby given that, on October
thereunder.15 file number should be included on the 8, 2015, NYSE Arca, Inc. (the
The Exchange has asked the subject line if email is used. To help the ‘‘Exchange’’ or ‘‘NYSE Arca’’) filed with
Commission to waive the 30-day Commission process and review your the Securities and Exchange
operative delay so that the proposal may comments more efficiently, please use Commission (the ‘‘Commission’’) the
become operative immediately upon only one method. The Commission will proposed rule change as described in
filing. The Commission believes that post all comments on the Commission’s Items I and II below, which Items have
waiving the 30-day operative delay is Internet Web site (http://www.sec.gov/ been prepared by the self-regulatory
consistent with the protection of rules/sro.shtml). Copies of the organization. The Commission is
investors and the public interest, as it submission, all subsequent publishing this notice to solicit
will allow the obvious error pilot amendments, all written statements comments on the proposed rule change
program to continue uninterrupted with respect to the proposed rule from interested persons.
while the industry gains further change that are filed with the
experience operating under the Plan, I. Self-Regulatory Organization’s
Commission, and all written Statement of the Terms of Substance of
and avoid any investor confusion that communications relating to the
could result from a temporary the Proposed Rule Change
proposed rule change between the
interruption in the pilot program. For Commission and any person, other than The Exchange proposes to change a
this reason, the Commission designates those that may be withheld from the representation regarding the
the proposed rule change to be operative public in accordance with the AdvisorShares WCM/BNY Mellon
upon filing.16 provisions of 5 U.S.C. 552, will be Focused Growth ADR ETF’s holdings.
At any time within 60 days of the available for Web site viewing and Shares of the WCM/BNY Mellon
filing of the proposed rule change, the printing in the Commission’s Public Focused Growth ADR ETF have been
Commission summarily may Reference Room, 100 F Street NE., approved for listing and trading on the
temporarily suspend such rule change if Washington, DC 20549 on official Exchange under NYSE Arca Equities
it appears to the Commission that such business days between the hours of Rule 8.600. The text of the proposed
action is necessary or appropriate in the 10:00 a.m. and 3:00 p.m. Copies of such rule change is available on the
public interest, for the protection of filing also will be available for Exchange’s Web site at www.nyse.com,
investors, or otherwise in furtherance of inspection and copying at the principal at the principal office of the Exchange,
the purposes of the Act. If the and at the Commission’s Public
office of the Exchange. All comments
Commission takes such action, the Reference Room.
received will be posted without change;
Commission shall institute proceedings the Commission does not edit personal II. Self-Regulatory Organization’s
to determine whether the proposed rule
identifying information from Statement of the Purpose of, and
should be approved or disapproved.
submissions. You should submit only Statutory Basis for, the Proposed Rule
IV. Solicitation of Comments information that you wish to make Change
Interested persons are invited to available publicly. All submissions In its filing with the Commission, the
submit written data, views, and should refer to File Number SR– self-regulatory organization included
arguments concerning the foregoing, ISEGemini–2015–22, and should be statements concerning the purpose of,
including whether the proposed rule submitted on or before November 18, and basis for, the proposed rule change
change is consistent with the Act. 2015. and discussed any comments it received
Comments may be submitted by any of For the Commission, by the Division of on the proposed rule change. The text
the following methods: Trading and Markets, pursuant to delegated of those statements may be examined at
authority.17 the places specified in Item IV below.
Electronic Comments
Brent J. Fields, The Exchange has prepared summaries,
• Use the Commission’s Internet Secretary. set forth in sections A, B, and C below,
comment form (http://www.sec.gov/ [FR Doc. 2015–27348 Filed 10–27–15; 8:45 am] of the most significant parts of such
rules/sro.shtml); or statements.
• Send an email to rule-comments@
BILLING CODE 8011–01–P

sec.gov. Please include File Number SR– A. Self-Regulatory Organization’s
ISEGemini–2015–22 on the subject line. Statement of the Purpose of, and the
SECURITIES AND EXCHANGE Statutory Basis for, the Proposed Rule
Paper Comments COMMISSION Change
• Send paper comments in triplicate to 1. Purpose
Secretary, Securities and Exchange [Release No. 34–76224; File No. SR–
Commission, 100 F Street NE., NYSEArca–2015–94] The Commission has approved a
Washington, DC 20549–1090. proposed rule change relating to listing
Self-Regulatory Organizations; NYSE and trading on the Exchange of shares
14 15 U.S.C. 78s(b)(3)(A).
Arca, Inc.; Notice of Filing and (‘‘Shares’’) of the AdvisorShares WCM/
15 17 CFR 240.19b–4(f)(6)(iii). As required under Immediate Effectiveness of Proposed BNY Mellon Focused Growth ADR ETF
Rule 19b–4(f)(6)(iii), the Exchange provided the Rule Change Regarding the (the ‘‘Fund’’) under NYSE Arca Equities
Commission with written notice of its intent to file AdvisorShares WCM/BNY Mellon
the proposed rule change, along with a brief
Rule 8.600,4 which governs the listing
mstockstill on DSK4VPTVN1PROD with NOTICES

description and the text of the proposed rule
Focused Growth ADR ETF’s Holdings
2 15 U.S.C. 78a.
change, at least five business days prior to the date
October 22, 2015. 3 17
of filing of the proposed rule change, or such CFR 240.19b–4.
shorter time as designated by the Commission. Pursuant to Section 19(b)(1) 1 of the 4 See Securities Exchange Act Release No. 62502
16 For purposes only of waiving the 30-day (July 15, 2010), 75 FR 42471 (July 21, 2010) (SR–
Securities Exchange Act of 1934 (the
operative delay, the Commission has also NYSEArca–2010–57) (the ‘‘Prior Order’’). The
considered the proposed rule’s impact on notice with respect to the Prior Order was
17 17 CFR 200.30–3(a)(12).
efficiency, competition, and capital formation. See published in Securities Exchange Act Release No.
15 U.S.C. 78c(f). 1 15 U.S.C. 78s(b)(1). Continued

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Federal Register / Vol. 80, No. 208 / Wednesday, October 28, 2015 / Notices 66087

C. Self-Regulatory Organization’s • Send an email to rule-comments@ SECURITIES AND EXCHANGE
Statement on Comments on the sec.gov. Please include File Number SR– COMMISSION
Proposed Rule Change Received From NYSEArca-2015–94 on the subject line.
Members, Participants, or Others [Release No. 34–76233; File No. SR–BOX–
Paper Comments
No written comments were solicited 2015–34]
or received with respect to the proposed • Send paper comments in triplicate
rule change. to Brent J. Fields, Secretary, Securities Self-Regulatory Organizations; BOX
and Exchange Commission, 100 F Street Options Exchange LLC; Notice of
III. Date of Effectiveness of the Filing and Immediate Effectiveness of
Proposed Rule Change and Timing for NE., Washington, DC 20549–1090.
a Proposed Rule Change To Amend
Commission Action All submissions should refer to File Interpretive Material 1 to Rule 7170 To
Because the proposed rule change Number SR–NYSEArca–2015–94. This Extend the Pilot Program That
does not (i) significantly affect the file number should be included on the Suspends Certain Obvious Error
protection of investors or the public subject line if email is used. To help the Provisions During Limit Up-Limit Down
interest; (ii) impose any significant Commission process and review your States in Securities That Underlie
burden on competition; and (iii) become comments more efficiently, please use Options Traded on the Exchange
operative for 30 days from the date on only one method. The Commission will October 22, 2015.
which it was filed, or such shorter time post all comments on the Commission’s
as the Commission may designate, the Internet Web site (http://www.sec.gov/ Pursuant to Section 19(b)(1) of the
proposed rule change has become rules/sro.shtml). Copies of the Securities Exchange Act of 1934
effective pursuant to Section 19(b)(3)(A) (‘‘Act’’),1 and Rule 19b–4 thereunder,2
submission, all subsequent
of the Act 10 and Rule 19b–4(f)(6) notice is hereby given that on October
amendments, all written statements
thereunder.11 21, 2015, BOX Options Exchange LLC
with respect to the proposed rule
The Exchange has asked the (the ‘‘Exchange’’) filed with the
change that are filed with the Securities and Exchange Commission
Commission to waive the 30-day Commission, and all written
operative delay so that the proposal may (‘‘Commission’’) the proposed rule
communications relating to the change as described in Items I and II
become operative immediately upon proposed rule change between the
filing. The Exchange states that an below, which Items have been prepared
Commission and any person, other than by the self-regulatory organization. The
increase in the number of companies those that may be withheld from the
typically included in the Fund’s Commission is publishing this notice to
public in accordance with the solicit comments on the proposed rule
portfolio from 30 to 40 would further
provisions of 5 U.S.C. 552, will be from interested persons.
diversify the Fund’s investments and
may decrease the susceptibility to available for Web site viewing and
I. Self-Regulatory Organization’s
manipulation of the Shares’ price. For printing in the Commission’s Public
Statement of the Terms of the Substance
that reason, the Commission believes Reference Section, 100 F Street NE.,
of the Proposed Rule Change
that waiver of the 30-day operative Washington, DC 20549 on official
delay is consistent with the protection business days between 10 a.m. and 3 The Exchange proposes to amend
of investors and the public interest. p.m. Copies of the filing will also be Interpretive Material 1 to Rule 7170 to
Therefore, the Commission designates available for inspection and copying at extend the pilot program that suspends
the proposed rule change to be operative the NYSE’s principal office and on its certain obvious error provisions during
upon filing.12 Internet Web site at www.nyse.com. All limit up-limit down states in securities
comments received will be posted that underlie options traded on the
without change; the Commission does Exchange. The text of the proposed rule
IV. Solicitation of Comments not edit personal identifying change is available from the principal
information from submissions. You office of the Exchange, at the
Interested persons are invited to
should submit only information that Commission’s Public Reference Room
submit written data, views, and
you wish to make available publicly. All and also on the Exchange’s Internet Web
arguments concerning the foregoing,
submissions should refer to File site at http://boxexchange.com.
including whether the proposed rule
change is consistent with the Act. Number SR–NYSEArca–2015–94 and II. Self-Regulatory Organization’s
Comments may be submitted by any of should be submitted on or before Statement of the Purpose of, and
the following methods: November 18, 2015. Statutory Basis for, the Proposed Rule
For the Commission, by the Division of Change
Electronic Comments
Trading and Markets, pursuant to delegated In its filing with the Commission, the
• Use the Commission’s Internet authority.13
comment form (http://www.sec.gov/ self-regulatory organization included
Brent J. Fields, statements concerning the purpose of,
rules/sro.shtml); or
Secretary. and basis for, the proposed rule change
10 15 U.S.C. 78s(b)(3)(A). [FR Doc. 2015–27344 Filed 10–27–15; 8:45 am] and discussed any comments it received
11 17 CFR 240.19b–4(f)(6). As required under Rule BILLING CODE 8011–01–P
on the proposed rule change. The text
19b–4(f)(6)(iii), the Exchange provided the of these statements may be examined at
Commission with written notice of its intent to file
mstockstill on DSK4VPTVN1PROD with NOTICES

the places specified in Item IV below.
the proposed rule change, along with a brief
description and the text of the proposed rule The self-regulatory organization has
change, at least five business days prior to the date prepared summaries, set forth in
of filing of the proposed rule change, or such Sections A, B, and C below, of the most
shorter time as designated by the Commission. significant aspects of such statements.
12 For purposes only of waiving the 30-day

operative delay, the Commission has considered the
1 15 U.S.C. 78s(b)(1).
proposed rule’s impact on efficiency, competition,
and capital formation. See 15 U.S.C. 78c(f). 13 17 CFR 200.30–3(a)(12). 2 17 CFR 240.19b–4.

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Document Created: 2018-02-27 08:58:14
Document Modified: 2018-02-27 08:58:14

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 66085