80_FR_72347 80 FR 72125 - Sunshine Act Meeting

80 FR 72125 - Sunshine Act Meeting

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 222 (November 18, 2015)

Page Range72125-72126
FR Document2015-29502

Federal Register, Volume 80 Issue 222 (Wednesday, November 18, 2015)
[Federal Register Volume 80, Number 222 (Wednesday, November 18, 2015)]
[Notices]
[Pages 72125-72126]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-29502]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meeting

    Notice is hereby given, pursuant to the provisions of the 
Government in the Sunshine Act, Public Law 94-409, that the Commission 
will host the SEC Government-Business Forum on Small Business Capital 
Formation on Thursday, November 19, 2015, beginning at 9:00 a.m., in 
the auditorium of the Commission's headquarters at 100 F Street NE., 
Washington, DC. The forum will be open to the public and webcast on the

[[Page 72126]]

SEC's Web site. Doors will open at 8:15 a.m. Visitors will be subject 
to security checks.
    The forum will include remarks by SEC Commissioners and panel 
discussions that Commissioners may attend. Panel topics will include 
exempt and registered offerings occurring after the passage of the JOBS 
Act.
    Commissioner Stein, as duty officer, voted to consider the SEC 
Government-Business Forum on Small Business Capital Formation in open 
session, and determined that Commission business required consideration 
earlier than one week from today. No earlier notice of this Meeting was 
practicable.
    At times, changes in Commission priorities require alterations in 
the scheduling of meeting items.
    For further information, please contact the Office of the Secretary 
at (202) 551-5400.

    Dated: November 13, 2015.
Brent J. Fields,
Secretary.
[FR Doc. 2015-29502 Filed 11-16-15; 2:00 pm]
 BILLING CODE 8011-01-P



                                                                               Federal Register / Vol. 80, No. 222 / Wednesday, November 18, 2015 / Notices                                                  72125

                                                      The Exchange believes that the                          Section 19(b)(3)(A) of the Act 10 and                   All submissions should refer to File
                                                    discontinuation of a market data                          Rule 19b–4(f)(6) thereunder.11                          Number SR–NYSEMKT–2015–93. This
                                                    product for which there is little or no                      At any time within 60 days of the                    file number should be included on the
                                                    demand, as is the case with NYSE MKT                      filing of such proposed rule change, the                subject line if email is used. To help the
                                                    RRP, is a direct example of efficiency                    Commission summarily may                                Commission process and review your
                                                    because it acknowledges that investors                    temporarily suspend such rule change if                 comments more efficiently, please use
                                                    and the public have indicated that they                   it appears to the Commission that such                  only one method. The Commission will
                                                    have little or no use for certain                         action is necessary or appropriate in the               post all comments on the Commission’s
                                                    information and allows the Exchange to                    public interest, for the protection of                  Internet Web site (http://www.sec.gov/
                                                    dedicate resources to developing                          investors, or otherwise in furtherance of               rules/sro.shtml). Copies of the
                                                    products (including through                               the purposes of the Act. If the                         submission, all subsequent
                                                    innovations of existing products and                      Commission takes such action, the                       amendments, all written statements
                                                    entirely new products) that provide                       Commission shall institute proceedings                  with respect to the proposed rule
                                                                                                              under Section 19(b)(2)(B) 12 of the Act to              change that are filed with the
                                                    information for which there is more of
                                                                                                              determine whether the proposed rule                     Commission, and all written
                                                    an expressed need.
                                                                                                              change should be approved or                            communications relating to the
                                                    B. Self-Regulatory Organization’s                         disapproved.                                            proposed rule change between the
                                                    Statement on Burden on Competition                           A proposed rule change filed under                   Commission and any person, other than
                                                                                                              Rule 19b–4(f)(6) 13 normally does not                   those that may be withheld from the
                                                       In accordance with Section 6(b)(8) of                  become operative prior to 30 days after                 public in accordance with the
                                                    the Act,8 the Exchange does not believe                   the date of the filing. However, pursuant               provisions of 5 U.S.C. 552, will be
                                                    that the proposed rule change will                        to Rule 19b4(f)(6)(iii),14 the Commission               available for Web site viewing and
                                                    impose any burden on competition that                     may designate a shorter time if such                    printing in the Commission’s Public
                                                    is not necessary or appropriate in                        action is consistent with the protection                Reference Room, 100 F Street NE.,
                                                    furtherance of the purposes of the Act.                   of investors and the public interest. The               Washington, DC 20549, on official
                                                       The Exchange notes that it operates in                 Exchange has asked the Commission to                    business days between the hours of
                                                    a highly competitive market in which                      waive the 30-day operative because it                   10:00 a.m. and 3:00 p.m. Copies of the
                                                                                                              believes that immediate operation of                    filing will also be available for
                                                    other exchanges are free to offer similar
                                                                                                              this filing would not impact any users                  inspection and copying at the NYSE’s
                                                    products. Additionally, since there has
                                                                                                              of NYSE MKT RRP. The Commission,                        principal office and on its Internet Web
                                                    been little or no demand for the NYSE
                                                                                                              noting that there are currently no                      site at www.nyse.com. All comments
                                                    MKT RRP product the Exchange’s                            subscribers to these data services, finds
                                                    proposed discontinuance will not harm                                                                             received will be posted without change;
                                                                                                              that it is consistent with the protection               the Commission does not edit personal
                                                    competition.                                              of investors and the public interest to                 identifying information from
                                                    C. Self-Regulatory Organization’s                         waive the 30-day operative date and to                  submissions. You should submit only
                                                    Statement on Comments on the                              permit the proposal to be operative                     information that you wish to make
                                                    Proposed Rule Change Received From                        upon filing.15                                          available publicly. All submissions
                                                    Members, Participants, or Others                          IV. Solicitation of Comments                            should refer to File Number SR–
                                                                                                                                                                      NYSEMKT–2015–93 and should be
                                                      No written comments were solicited                        Interested persons are invited to
                                                                                                                                                                      submitted on or before December 9,
                                                    or received with respect to the proposed                  submit written data, views, and
                                                                                                                                                                      2015.
                                                    rule change.                                              arguments concerning the foregoing,
                                                                                                              including whether the proposed rule                       For the Commission, by the Division of
                                                    III. Date of Effectiveness of the                         change is consistent with the Act.                      Trading and Markets, pursuant to delegated
                                                    Proposed Rule Change and Timing for                                                                               authority.16
                                                                                                              Comments may be submitted by any of
                                                    Commission Action                                         the following methods:                                  Robert W. Errett,
                                                                                                                                                                      Deputy Secretary.
                                                      Because the foregoing proposed rule                     Electronic Comments                                     [FR Doc. 2015–29392 Filed 11–17–15; 8:45 am]
                                                    does not (i) significantly affect the                       • Use the Commission’s Internet                       BILLING CODE 8011–01–P
                                                    protection of investors or the public                     comment form (http://www.sec.gov/
                                                    interest; (ii) impose any significant                     rules/sro.shtml); or
                                                    burden on competition; and (iii) become                     • Send an email to rule-comments@                     SECURITIES AND EXCHANGE
                                                    operative for 30 days from the date on                    sec.gov. Please include File Number SR–                 COMMISSION
                                                    which it was filed, or such shorter time                  NYSEMKT–2015–93 on the subject line.
                                                    as the Commission may designate if                                                                                Sunshine Act Meeting
                                                                                                              Paper Comments
                                                    consistent with the protection of                                                                                   Notice is hereby given, pursuant to
                                                    investors and the public interest,                          • Send paper comments in triplicate
                                                                                                                                                                      the provisions of the Government in the
                                                    provided that the self-regulatory                         to Brent J. Fields, Secretary, Securities
                                                                                                              and Exchange Commission, 100 F Street                   Sunshine Act, Public Law 94–409, that
                                                    organization has given the Commission                                                                             the Commission will host the SEC
                                                    written notice of its intent to file the                  NE., Washington, DC 20549–1090.
                                                                                                                                                                      Government-Business Forum on Small
                                                    proposed rule change at least five                                                                                Business Capital Formation on
asabaliauskas on DSK5VPTVN1PROD with NOTICES




                                                                                                                10 15  U.S.C. 78s(b)(3)(A).
                                                    business days prior to the date of filing                   11 17  CFR 240.19b–4(f)(6).                           Thursday, November 19, 2015,
                                                    of the proposed rule change or such                          12 15 U.S.C. 78s(b)(2)(B).                           beginning at 9:00 a.m., in the
                                                    shorter time as designated by the                            13 17 CFR 240.19b–4(f)(6).                           auditorium of the Commission’s
                                                    Commission,9 the proposed rule change                        14 17 CFR 240.19b–4(f)(6)(iii).
                                                                                                                                                                      headquarters at 100 F Street NE.,
                                                                                                                 15 For purposes only of accelerating the operative
                                                    has become effective pursuant to                                                                                  Washington, DC. The forum will be
                                                                                                              date of this proposal, the Commission has
                                                                                                              considered the proposed rule’s impact on
                                                                                                                                                                      open to the public and webcast on the
                                                      8 15   U.S.C. 78f(b)(8).                                efficiency, competition, and capital formation. 15
                                                      9 The   Exchange has fulfilled this requirement.        U.S.C. 78c(f).                                            16 17   CFR 200.30–3(a)(12).



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                                                    72126                    Federal Register / Vol. 80, No. 222 / Wednesday, November 18, 2015 / Notices

                                                    SEC’s Web site. Doors will open at 8:15                   Dated: November 13, 2015.                           A. Self-Regulatory Organization’s
                                                    a.m. Visitors will be subject to security               Brent J. Fields,                                      Statement of the Purpose of, and
                                                    checks.                                                 Secretary.                                            Statutory Basis for, the Proposed Rule
                                                       The forum will include remarks by                    [FR Doc. 2015–29501 Filed 11–16–15; 2:00 pm]          Change
                                                    SEC Commissioners and panel                             BILLING CODE 8011–01–P                                1. Purpose
                                                    discussions that Commissioners may
                                                    attend. Panel topics will include exempt                                                                         Trades in Exchange Traded Products
                                                    and registered offerings occurring after                SECURITIES AND EXCHANGE                               (‘‘ETP’’) 4 occasionally occur at prices
                                                    the passage of the JOBS Act.                            COMMISSION                                            that deviate significantly from
                                                                                                                                                                  prevailing market prices and/or an
                                                       Commissioner Stein, as duty officer,                 [Release No. 34–76431; File No. SR–                   investment fund’s underlying value.
                                                    voted to consider the SEC Government-                   NYSEArca–2015–104]                                    These trades may be due to brief price
                                                    Business Forum on Small Business
                                                                                                                                                                  dislocations caused, for example, by
                                                    Capital Formation in open session, and                  Self-Regulatory Organizations; NYSE
                                                                                                                                                                  unusually large orders, momentary
                                                    determined that Commission business                     Arca, Inc.; Notice of Filing of Proposed
                                                                                                                                                                  reductions in liquidity, or brief trading
                                                    required consideration earlier than one                 Rule Change To Adopt a New Policy
                                                                                                                                                                  or pricing errors by individual market
                                                    week from today. No earlier notice of                   Relating to Trade Reports for
                                                                                                                                                                  participants. The resulting trades may
                                                    this Meeting was practicable.                           Exchange Traded Products
                                                                                                                                                                  occasionally establish a high, a low or
                                                       At times, changes in Commission                      November 12, 2015.                                    last sale price for a security that does
                                                    priorities require alterations in the                                                                         not reflect price discovery in the fund
                                                                                                               Pursuant to Section 19(b)(1) 1 of the
                                                    scheduling of meeting items.                                                                                  holdings in a manner that is
                                                                                                            Securities Exchange Act of 1934 (the
                                                       For further information, please                      ‘‘Act’’) 2 and Rule 19b–4 thereunder,3                representative of ongoing trading in an
                                                    contact the Office of the Secretary at                  notice is hereby given that, on October               ETP tracking the real-time value of the
                                                    (202) 551–5400.                                         28, 2015, NYSE Arca, Inc. (the                        fund’s underlying securities, and could
                                                      Dated: November 13, 2015.                             ‘‘Exchange’’ or ‘‘NYSE Arca’’) filed with             impact statistics for the investment fund
                                                    Brent J. Fields,                                        the Securities and Exchange                           as computed by third parties in a way
                                                    Secretary.                                              Commission (the ‘‘Commission’’) the                   that is inappropriately reflective of very
                                                                                                            proposed rule change as described in                  short-term market impact rather than
                                                    [FR Doc. 2015–29502 Filed 11–16–15; 2:00 pm]
                                                                                                            Items I and II below, which Items have                ongoing fund performance, leading to
                                                    BILLING CODE 8011–01–P
                                                                                                            been prepared by the self-regulatory                  investor confusion. For example, trading
                                                                                                            organization. The Commission is                       and quoting in a particular ETF holding
                                                                                                            publishing this notice to solicit                     a basket of stocks reflecting the S&P 500
                                                    SECURITIES AND EXCHANGE
                                                                                                            comments on the proposed rule change                  index might track that index with de
                                                    COMMISSION
                                                                                                            from interested persons.                              minimis tracking error every minute
                                                    Sunshine Act Meeting                                                                                          throughout all trading days for five
                                                                                                            I. Self-Regulatory Organization’s                     years, then suddenly trade 1% higher
                                                       Notice is hereby given, pursuant to                  Statement of the Terms of the Substance               than the S&P 500 index on the close one
                                                    the provisions of the Government in the                 of the Proposed Rule Change                           day due to a large order that was
                                                    Sunshine Act, Public Law 94–409, that                      The Exchange proposes a new policy                 erroneously entered by a single broker-
                                                    the Securities and Exchange                             relating to its treatment of trade reports            dealer as a ‘‘Market’’ order rather than
                                                    Commission will hold an Open Meeting                    for Exchange Traded Products that it                  a ‘‘Market on Close’’ order, hence
                                                    on Wednesday, November 18, 2015 at                      determines to be inconsistent with the                trading through multiple price levels in
                                                    3:00 p.m., in the Auditorium, Room L–                   prevailing market. The text of the
                                                    002.                                                    proposed rule change is available on the                 4 For purposes of this filing, ETPs include

                                                                                                                                                                  Exchange Traded Funds (ETFs), Exchange Traded
                                                       The subject matter of the Open                       Exchange’s Web site at www.nyse.com,                  Notes (ETNs) and Exchange Traded Vehicles
                                                    Meeting will be:                                        at the principal office of the Exchange,              (ETVs). An ETF is an open-ended registered
                                                       • The Commission will consider                       and at the Commission’s Public                        investment company under the Investment
                                                                                                            Reference Room.                                       Company Act of 1940 that has received certain
                                                    whether to propose amendments to Rule                                                                         exemptive relief from the SEC to allow secondary
                                                    3a1–1 and Regulation ATS and new                        II. Self-Regulatory Organization’s                    market trading in the ETF shares. ETFs are
                                                    Form ATS–N under the Securities                         Statement of the Purpose of, and                      generally index-based products, in that each ETF
                                                    Exchange Act of 1934 related to certain                                                                       holds a portfolio of securities that is intended to
                                                                                                            Statutory Basis for, the Proposed Rule                provide investment results that, before fees and
                                                    alternative trading systems.                            Change                                                expenses, generally correspond to the price and
                                                       Commissioner Stein, as duty officer,                                                                       yield performance of the underlying benchmark
                                                    voted to consider the item listed for the                  In its filing with the Commission, the             index. An ETV tracks the underlying performance
                                                    Open Meeting in open session, and                       self-regulatory organization included                 of an asset or index, allowing investors exposure to
                                                    determined that Commission business                     statements concerning the purpose of,                 underlying assets such as futures contracts,
                                                                                                            and basis for, the proposed rule change               commodities and currencies without actually
                                                    required consideration earlier than one                                                                       trading futures or taking physical delivery of the
                                                    week from today. No earlier notice of                   and discussed any comments it received                underlying asset. An ETV is traded intraday like an
                                                    this Meeting was practicable.                           on the proposed rule change. The text                 ETF. An ETV is an open-ended trust or partnership
                                                                                                            of those statements may be examined at                unit that is registered under the Securities Act of
                                                       At times, changes in Commission
asabaliauskas on DSK5VPTVN1PROD with NOTICES




                                                                                                            the places specified in Item IV below.                1933. An ETN is a senior unsecured debt obligation
                                                    priorities require alterations in the                                                                         designed to track the total return of an underlying
                                                                                                            The Exchange has prepared summaries,                  index, benchmark or strategy, minus investor fees.
                                                    scheduling of meeting items.
                                                                                                            set forth in sections A, B, and C below,              ETNs are registered under the Securities Act of
                                                       For further information and to                       of the most significant parts of such                 1933 and are redeemable to the issuer. In 2014,
                                                    ascertain what, if any, matters have been               statements.                                           NYSE Arca’s listed ETPs had over $1.89 trillion in
                                                    added, deleted, or postponed, please                                                                          assets under management (AUM), representing over
                                                    contact:                                                                                                      90% of all U.S. listed Exchange Traded Products
                                                                                                              1 15 U.S.C. 78s(b)(1).                              (ETPs). Additional information on ETPs is available
                                                       The Office of the Secretary at (202)                   2 15 U.S.C. 78a.                                    on the Exchange’s Web site at https://
                                                    551–5400.                                                 3 17 CFR 240.19b–4.                                 www.nyse.com/products/etp-funds-etf.



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Document Created: 2018-03-01 11:19:59
Document Modified: 2018-03-01 11:19:59
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation80 FR 72125 

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