80 FR 72126 - Sunshine Act Meeting
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 80, Issue 222 (November 18, 2015)
Federal Register Volume 80, Issue 222 (November 18, 2015)
| Page Range | 72126-72126 | |
| FR Document | 2015-29501 |
[Federal Register Volume 80, Number 222 (Wednesday, November 18, 2015)] [Notices] [Page 72126] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-29501] ----------------------------------------------------------------------- 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 Securities and Exchange Commission will hold an Open Meeting on Wednesday, November 18, 2015 at 3:00 p.m., in the Auditorium, Room L-002. The subject matter of the Open Meeting will be:The Commission will consider whether to propose amendments to Rule 3a1-1 and Regulation ATS and new Form ATS-N under the Securities Exchange Act of 1934 related to certain alternative trading systems. Commissioner Stein, as duty officer, voted to consider the item listed for the Open Meeting 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 and to ascertain what, if any, matters have been added, deleted, or postponed, please contact: The Office of the Secretary at (202) 551-5400. Dated: November 13, 2015. Brent J. Fields, Secretary. [FR Doc. 2015-29501 Filed 11-16-15; 2:00 pm] BILLING CODE 8011-01-P
![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 11:19:51
Document Modified: 2018-03-01 11:19:51
| 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 72126 |
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