80 FR 74169 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change To Adopt New Equity Trading Rules Relating to Auctions for Pillar, the Exchange's New Trading Technology Platform
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 80, Issue 228 (November 27, 2015)
Federal Register Volume 80, Issue 228 (November 27, 2015)
| Page Range | 74169-74169 | |
| FR Document | 2015-30083 |
[Federal Register Volume 80, Number 228 (Friday, November 27, 2015)] [Notices] [Page 74169] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-30083] [[Page 74169]] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-76493; File No. SR-NYSEARCA-2015-86] Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change To Adopt New Equity Trading Rules Relating to Auctions for Pillar, the Exchange's New Trading Technology Platform November 20, 2015. On September 22, 2015, NYSE Arca, Inc. (``Exchange'' or ``NYSE Arca'') 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 adopt new equity trading rules relating to auctions for Pillar, the Exchange's new trading technology platform. The proposed rule change was published for comment in the Federal Register on October 13, 2015.\3\ --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. \3\ See Securities Exchange Act Release No. 76085 (October 6, 2015), 80 FR 61513. --------------------------------------------------------------------------- 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 45th day for this filing is November 27, 2015. The Commission is extending this 45-day time period. --------------------------------------------------------------------------- \4\ 15 U.S.C. 78s(b)(2). --------------------------------------------------------------------------- The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change, so that it has sufficient time to consider this proposed rule change. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,\5\ designates January 11, 2016, 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 No. SR-NYSEARCA-2015-86). --------------------------------------------------------------------------- \5\ 15 U.S.C. 78s(b)(2). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\6\ --------------------------------------------------------------------------- \6\ 17 CFR 200.30-3(a)(31). --------------------------------------------------------------------------- Robert W. Errett, Deputy Secretary. [FR Doc. 2015-30083 Filed 11-25-15; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 80, No. 228 / Friday, November 27, 2015 / Notices 74169
SECURITIES AND EXCHANGE For the Commission, by the Division of of the most significant parts of such
COMMISSION Trading and Markets, pursuant to delegated statements.
authority.6
Robert W. Errett, A. Self-Regulatory Organization’s
[Release No. 34–76493; File No. SR–
Deputy Secretary.
Statement of the Purpose of, and the
NYSEARCA–2015–86] Statutory Basis for, the Proposed Rule
[FR Doc. 2015–30083 Filed 11–25–15; 8:45 am]
Change
Self-Regulatory Organizations; NYSE BILLING CODE 8011–01–P
Arca, Inc.; Notice of Designation of a 1. Purpose
Longer Period for Commission Action The Exchange proposes to amend
on Proposed Rule Change To Adopt SECURITIES AND EXCHANGE NYSE Arca Equities Rule 8.600 to adopt
COMMISSION generic listing standards for Managed
New Equity Trading Rules Relating to
Auctions for Pillar, the Exchange’s [Release No. 34–76486; File No. SR– Fund Shares. Under the Exchange’s
New Trading Technology Platform NYSEArca–2015–110] current rules, a proposed rule change
must be filed with the Securities and
November 20, 2015. Self-Regulatory Organizations; NYSE Exchange Commission (‘‘SEC’’ or
Arca, Inc.; Notice of Filing of Proposed ‘‘Commission’’) for the listing and
On September 22, 2015, NYSE Arca,
Rule Change Amending NYSE Arca trading of each new series of Managed
Inc. (‘‘Exchange’’ or ‘‘NYSE Arca’’) filed Equities Rule 8.600 To Adopt Generic Fund Shares. The Exchange believes
with the Securities and Exchange Listing Standards for Managed Fund that it is appropriate to codify certain
Commission (‘‘Commission’’), pursuant Shares rules within Rule 8.600 that would
to Section 19(b)(1) of the Securities generally eliminate the need for such
Exchange Act of 1934 (‘‘Act’’) 1 and Rule November 20, 2015.
proposed rule changes, which would
19b–4 thereunder,2 a proposed rule Pursuant to Section 19(b)(1) 1 of the create greater efficiency and promote
change to adopt new equity trading Securities Exchange Act of 1934 uniform standards in the listing
rules relating to auctions for Pillar, the (‘‘Act’’) 2 and Rule 19b-4 thereunder,3 process.4
Exchange’s new trading technology notice is hereby given that, on
platform. The proposed rule change was November 6, 2015, NYSE Arca, Inc. Background
published for comment in the Federal (‘‘Exchange’’ or ‘‘NYSE Arca’’) filed Rule 8.600 sets forth certain rules
Register on October 13, 2015.3 with the Securities and Exchange related to the listing and trading of
Commission (‘‘Commission’’) the Managed Fund Shares.5 Under Rule
Section 19(b)(2) of the Act 4 provides proposed rule change as described in 8.600(c)(1), the term ‘‘Managed Fund
that within 45 days of the publication of Items I, II, and III below, which Items Share’’ means a security that:
notice of the filing of a proposed rule have been prepared by the Exchange. (a) represents an interest in a
change, or within such longer period up The Commission is publishing this registered investment company
to 90 days as the Commission may notice to solicit comments on the (‘‘Investment Company’’) organized as
designate if it finds such longer period proposed rule change from interested an open-end management investment
to be appropriate and publishes its persons. company or similar entity, that invests
reasons for so finding or as to which the in a portfolio of securities selected by
self-regulatory organization consents, I. Self-Regulatory Organization’s
Statement of the Terms of Substance of the Investment Company’s investment
the Commission shall either approve the adviser (hereafter ‘‘Adviser’’) consistent
the Proposed Rule Change
proposed rule change, disapprove the with the Investment Company’s
proposed rule change, or institute The Exchange proposes to amend investment objectives and policies;
proceedings to determine whether the NYSE Arca Equities Rule 8.600 to adopt (b) is issued in a specified aggregate
proposed rule change should be generic listing standards for Managed minimum number in return for a
disapproved. The 45th day for this filing Fund Shares. The proposed rule change deposit of a specified portfolio of
is November 27, 2015. The Commission is available on the Exchange’s Web site securities and/or a cash amount with a
is extending this 45-day time period. at www.nyse.com, at the principal office value equal to the next determined net
of the Exchange, and at the asset value; and
The Commission finds it appropriate Commission’s Public Reference Room.
to designate a longer period within 4 The Exchange has previously filed a proposed
which to take action on the proposed II. Self-Regulatory Organization’s rule change to amend NYSE Arca Equities Rule
rule change, so that it has sufficient time Statement of the Purpose of, and 8.600 to adopt generic listing standards for
to consider this proposed rule change. Statutory Basis for, the Proposed Rule Managed Fund Shares. See Securities Exchange Act
Change Release No. 74433 (March 4, 2015), 80 FR 12690
Accordingly, the Commission, (March 10, 2015) (SR–NYSEArca-2015–02). On June
pursuant to Section 19(b)(2) of the Act,5 In its filing with the Commission, the 3, 2015, the Exchange filed Amendment No. 1 to
self-regulatory organization included the proposed rule change. See Securities Exchange
designates January 11, 2016, as the date Act Release No. 75115 (June 5, 2015), 80 FR 33309
by which the Commission should either statements concerning the purpose of, (June 11, 2015). On October 13, 2015, the Exchange
approve or disapprove, or institute and basis for, the proposed rule change withdrew the proposed rule change. See Securities
and discussed any comments it received Exchange Act Release No. 76186 (October 19, 2015),
proceedings to determine whether to 80 FR 64461 (October 23, 2015).
on the proposed rule change. The text
disapprove, the proposed rule change 5 See Securities Exchange Act Release No. 57619
of those statements may be examined at
(File No. SR–NYSEARCA–2015–86). (April 4, 2008), 73 FR 19544 (April 10, 2008) (SR–
mstockstill on DSK4VPTVN1PROD with NOTICES
the places specified in Item IV below. NYSEArca-2008–25) (order approving NYSE Arca
The Exchange has prepared summaries, Equities Rule 8.600 and listing and trading of shares
1 15 U.S.C. 78s(b)(1). of certain issues of Managed Fund Shares) (the
set forth in sections A, B, and C below,
2 17 CFR 240.19b–4. ‘‘Approval Order’’). The Approval Order approved
3 See Securities Exchange Act Release No. 76085 6 17
the rules permitting the listing and trading of
CFR 200.30–3(a)(31). Managed Fund Shares, trading hours and halts,
(October 6, 2015), 80 FR 61513. 1 15 U.S.C.78s(b)(1). listing fees applicable to Managed Fund Shares, and
4 15 U.S.C. 78s(b)(2). 2 15 U.S.C. 78a.
the listing and trading of several individual series
5 15 U.S.C. 78s(b)(2). 3 17 CFR 240.19b-4. of Managed Fund Shares.
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Document Created: 2015-12-14 14:04:46
Document Modified: 2015-12-14 14:04:46
| 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 74169 |
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