80 FR 79640 - Self-Regulatory Organizations; NYSE MKT LLC; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change Deleting Rule 410B-Equities Governing Reporting Requirements for Off-Exchange Transactions

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 245 (December 22, 2015)

Page Range		79640-79640
FR Document		2015-32050

Federal Register, Volume 80 Issue 245 (Tuesday, December 22, 2015)

[Federal Register Volume 80, Number 245 (Tuesday, December 22, 2015)]
[Notices]
[Page 79640]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-32050]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-76669; File No. SR-NYSEMKT-2015-80]


Self-Regulatory Organizations; NYSE MKT LLC; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change Deleting Rule 410B--Equities Governing Reporting Requirements 
for Off-Exchange Transactions

December 16, 2015.
    On October 16, 2015, NYSE MKT LLC (the ``Exchange'' or ``NYSE 
MKT'') 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 delete Rule 410B--Equities governing reporting 
requirements for off-Exchange transactions. The proposed rule change 
was published for comment in the Federal Register on November 2, 
2015.\3\
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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. 76276 (October 27, 
2015), 80 FR 67454.
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    Section 19(b)(2) of the Act \3\ 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 December 17, 2015. The Commission is 
extending this 45-day time period.
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    \3\ 15 U.S.C. 78s(b)(2).
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    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,\4\ designates January 31, 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-NYSEMKT-2015-80).
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    \4\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\5\
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    \5\ 17 CFR 200.30-3(a)(31).
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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-32050 Filed 12-21-15; 8:45 am]
BILLING CODE 8011-01-P

79640 Federal Register / Vol. 80, No. 245 / Tuesday, December 22, 2015 / Notices

Commission Finding change, or within such longer period up I. Self-Regulatory Organization’s
Based on the representations and to 90 days as the Commission may Statement of the Terms of Substance of
conditions in the application, the designate if it finds such longer period the Proposed Rule Change
Commission permits the temporary to be appropriate and publishes its The Exchange proposes to amend BX
suspension of the right of redemption reasons for so finding or as to which the Rules at Chapter VII, Section 12,
for the protection of the Fund’s security self-regulatory organization consents, entitled ‘‘Order Exposure
holders. Under the circumstances the Commission shall either approve the Requirements,’’ to make clear that BX
described in the application, which proposed rule change, disapprove the PRISM is an exception to this rule.
require immediate action to protect the proposed rule change, or institute The text of the proposed rule change
Fund’s security holders, the proceedings to determine whether the is available on the Exchange’s Web site
Commission concludes that it is not proposed rule change should be at http://
practicable to give notice or an disapproved. The 45th day for this filing nasdaqomxbx.cchwallstreet.com, at the
opportunity to request a hearing before is December 17, 2015. The Commission principal office of the Exchange, and at
issuing the order. is extending this 45-day time period. the Commission’s Public Reference
IT IS ORDERED, pursuant to Section The Commission finds it appropriate Room.
22(e)(3) of the Act, that the requested to designate a longer period within
II. Self-Regulatory Organization’s
relief from Section 22(e) of the Act is which to take action on the proposed
Statement of the Purpose of, and
granted with respect to the Fund until rule change, so that it has sufficient time
Statutory Basis for, the Proposed Rule
it has liquidated, or until the to consider this proposed rule change.
Change
Commission rescinds the order granted Accordingly, the Commission,
herein. This order shall be in effect as pursuant to Section 19(b)(2) of the Act,4 In its filing with the Commission, the
of December 16, 2015, with suspension designates January 31, 2016, as the date Exchange included statements
of redemption requests as requested by by which the Commission should either concerning the purpose of and basis for
the Applicants to be effective as of approve or disapprove, or institute the proposed rule change and discussed
December 10, 2015. proceedings to determine whether to any comments it received on the
disapprove, the proposed rule change proposed rule change. The text of these
By the Commission. statements may be examined at the
(File No. SR–NYSEMKT–2015–80).
Brent J. Fields, places specified in Item IV below. The
Secretary. For the Commission, by the Division of Exchange has prepared summaries, set
Trading and Markets, pursuant to delegated
[FR Doc. 2015–32079 Filed 12–21–15; 8:45 am]
authority.5
forth in sections A, B, and C below, of
BILLING CODE 8011–01–P the most significant aspects of such
Robert W. Errett,
statements.
Deputy Secretary.
[FR Doc. 2015–32050 Filed 12–21–15; 8:45 am] A. Self-Regulatory Organization’s
SECURITIES AND EXCHANGE
Statement of the Purpose of, and
COMMISSION BILLING CODE 8011–01–P
Statutory Basis for, the Proposed Rule
[Release No. 34–76669; File No. SR– Change
NYSEMKT–2015–80] SECURITIES AND EXCHANGE 1. Purpose
Self-Regulatory Organizations; NYSE COMMISSION
The Exchange proposes to amend BX
MKT LLC; Notice of Designation of a Rules at Chapter VII, Section 12,
Longer Period for Commission Action [Release No. 34–76663; File No. SR–BX– entitled ‘‘Order Exposure
on Proposed Rule Change Deleting 2015–078]
Requirements’’ to specifically state that
Rule 410B—Equities Governing orders entered into BX PRISM are not
Self-Regulatory Organizations;
Reporting Requirements for Off- subject to the rule at Section 12.
NASDAQ OMX BX, Inc.; Notice of Filing
Exchange Transactions Recently, the Exchange’s BX PRISM rule
and Immediate Effectiveness of
December 16, 2015. Proposed Rule Change Relating to was approved by the Commission.3 BX
Order Exposure PRISM is a price-improvement
On October 16, 2015, NYSE MKT LLC
mechanism on the Exchange’s options
(the ‘‘Exchange’’ or ‘‘NYSE MKT’’) filed December 16, 2015. platform, in which a BX Participant (an
with the Securities and Exchange
Pursuant to Section 19(b)(1) of the ‘‘Initiating Participant’’) may
Commission (‘‘Commission’’), pursuant
Securities Exchange Act of 1934 electronically submit for execution a
to Section 19(b)(1) of the Securities
(‘‘Act’’),1 and Rule 19b–4 thereunder,2 two-sided paired order, where one side
Exchange Act of 1934 (‘‘Act’’) 1 and Rule
notice is hereby given that on December is an order it represents as agent on
19b–4 thereunder,2 a proposed rule
2, 2015, NASDAQ OMX BX, Inc. (‘‘BX’’ behalf of a Public Customer,
change to delete Rule 410B—Equities
or ‘‘Exchange’’) filed with the Securities Professional customer, broker-dealer, or
governing reporting requirements for
and Exchange Commission (‘‘SEC’’ or any other entity (‘‘PRISM Order’’) and
off-Exchange transactions. The proposed
‘‘Commission’’) the proposed rule the other side is principal interest or
rule change was published for comment
change as described in Items I, II, and any other order it represents as agent (an
in the Federal Register on November 2,
III, below, which Items have been ‘‘Initiating Order’’) provided that the
2015.3
prepared by the Exchange. The member first exposes the PRISM Order
Section 19(b)(2) of the Act 3 provides
mstockstill on DSK4VPTVN1PROD with NOTICES

Commission is publishing this notice to in the PRISM Auction (‘‘Auction’’)
that within 45 days of the publication of
solicit comments on the proposed rule pursuant to the Rule. This mechanism is
notice of the filing of a proposed rule
change from interested persons.
3 See Securities Exchange Act Release No. 76301
1 15 U.S.C. 78s(b)(1).
4 15
(October 29, 2015), 80 FR 68347 (November 4, 2015)
2 17 CFR 240.19b–4. U.S.C. 78s(b)(2). (SR–BX–2015–032) (Order Granting Accelerated
3 See Securities Exchange Act Release No. 76276 5 17 CFR 200.30–3(a)(31).
Approval of a Proposed Rule Change, as Modified
(October 27, 2015), 80 FR 67454. 1 15 U.S.C. 78s(b)(1).
by Amendment Nos. 1 and 2, To Adopt a New Price
3 15 U.S.C. 78s(b)(2). 2 17 CFR 240.19b–4. Improvement Auction, BX PRISM).

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Document Created: 2015-12-22 02:31:06
Document Modified: 2015-12-22 02:31:06

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 79640