81 FR 14513 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Withdrawal of a Proposed Rule Change Relating To Implementation of a Fee on Securities Lending and Repurchase Transactions With Respect to Shares of the CurrencyShares® Euro Trust and the CurrencyShares® Japanese Yen Trust

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 52 (March 17, 2016)

Page Range		14513-14514
FR Document		2016-05976

Federal Register, Volume 81 Issue 52 (Thursday, March 17, 2016)

[Federal Register Volume 81, Number 52 (Thursday, March 17, 2016)]
[Notices]
[Pages 14513-14514]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-05976]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-77352; SR-NYSEArca-2015-68]


Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of 
Withdrawal of a Proposed Rule Change Relating To Implementation of a 
Fee on Securities Lending and Repurchase Transactions With Respect to 
Shares of the CurrencyShares[supreg] Euro Trust and the 
CurrencyShares[supreg] Japanese Yen Trust

March 11, 2016.
    On July 30, 2015, NYSE Arca, Inc. (``Exchange'') 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 relating to 
implementation of a fee on securities lending and repurchase 
transactions with respect to shares of the CurrencyShares[supreg] Euro 
Trust and the CurrencyShares[supreg] Japanese Yen Trust, which are 
currently listed and trading on the Exchange under NYSE Arca Equities 
Rule 8.202. The proposed rule change was published for comment in the 
Federal Register on August 20, 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. 75698 (Aug. 14, 
2015), 80 FR 50701.
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    On September 18, 2015, pursuant to Section 19(b)(2) of the Act,\4\ 
the Commission designated a longer period within which to approve the 
proposed rule change, disapprove the proposed rule change, or institute 
proceedings to determine whether to disapprove the proposed rule 
change.\5\ On November 18, 2016, the Commission instituted proceedings 
under Section 19(b)(2)(B) of the Act \6\ to determine whether to 
approve or disapprove the proposed rule change.\7\ On February 12, 
2016, pursuant to Section 19(b)(2) of the Act,\8\ the Commission 
designated a longer period within which to take action on proceedings 
to determine whether to approve or disapprove the proposed

[[Page 14514]]

rule change.\9\ The Commission received one comment on the 
proposal.\10\
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    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 75945, 80 FR 57645 
(Sept. 24, 2015). The Commission designated a longer period within 
which to take action on the proposed rule change and designated 
November 18, 2015, as the date by which it should approve, 
disapprove, or institute proceedings to determine whether to 
disapprove the proposed rule change.
    \6\ 15 U.S.C. 78s(b)(2)(B).
    \7\ See Securities Exchange Act Release No. 76472, 80 FR 73258 
(Nov. 24, 2015).
    \8\ 15 U.S.C. 78s(b)(2).
    \9\ See Securities Exchange Act Release No. 77126, 81 FR 8551 
(Feb. 19, 2016). The Commission designated a longer period within 
which to take action on the proposed rule change and designated 
April 15, 2016, as the date by which it should approve or disapprove 
the proposed rule change.
    \10\ See Letter from George Simon to the Commission (Feb. 23, 
2016) (available at http://www.sec.gov/comments/sr-nysearca-2015-68/nysearca201568-1.pdf).
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    On March 10, 2016, the Exchange withdrew the proposed rule change 
(SR-NYSEArca-2015-68).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\11\
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    \11\ 17 CFR 200.30-3(a)(57).
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Lynn M. Powalski,
Deputy Secretary.
[FR Doc. 2016-05976 Filed 3-16-16; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 81, No. 52 / Thursday, March 17, 2016 / Notices 14513

the same lower Simple Order Fee for Electronic Comments SECURITIES AND EXCHANGE
Removing Liquidity in SPY of $0.47 per COMMISSION
contract, except for Customers. • Use the Commission’s Internet
Customer orders bring valuable liquidity comment form (http://www.sec.gov/
[Release No. 34–77352; SR–NYSEArca–
to the market, which liquidity benefits rules/sro.shtml); or
2015–68]
other market participants. Customer • Send an email to rule-comments@
liquidity benefits all market participants sec.gov. Please include File Number SR– Self-Regulatory Organizations; NYSE
by providing more trading Phlx–2016–33 on the subject line. Arca, Inc.; Notice of Withdrawal of a
opportunities, which attracts Specialists Proposed Rule Change Relating To
and Market Makers. An increase in the Paper Comments Implementation of a Fee on Securities
activity of these market participants in Lending and Repurchase Transactions
• Send paper comments in triplicate
turn facilitates tighter spreads, which With Respect to Shares of the
to Secretary, Securities and Exchange
may cause an additional corresponding CurrencyShares® Euro Trust and the
increase in order flow from other market Commission, 100 F Street NE.,
Washington, DC 20549–1090. CurrencyShares® Japanese Yen Trust
participants.
All submissions should refer to File March 11, 2016.
Cross-Reference and Marketing Fee
Number SR–Phlx–2016–33. This file On July 30, 2015, NYSE Arca, Inc.
The Exchange’s proposal to correct a number should be included on the (‘‘Exchange’’) filed with the Securities
typographical error related to a cross subject line if email is used. To help the and Exchange Commission
reference does not impose an undue Commission process and review your (‘‘Commission’’), pursuant to Section
burden on intra-market competition comments more efficiently, please use 19(b)(1) of the Securities Exchange Act
because the amendment is non- only one method. The Commission will of 1934 (‘‘Act’’) 1 and Rule 19b–4
substantive. post all comments on the Commission’s thereunder,2 a proposed rule change
The Exchange’s proposal to replace Internet Web site (http://www.sec.gov/ relating to implementation of a fee on
the words ‘‘Payment for Order Flow rules/sro.shtml). Copies of the securities lending and repurchase
Fee’’ with the words ‘‘Marketing Fee’’ transactions with respect to shares of
submission, all subsequent
does not impose an undue burden on the CurrencyShares® Euro Trust and the
amendments, all written statements
intra-market competition because the CurrencyShares® Japanese Yen Trust,
with respect to the proposed rule
proposal will conform the rule text to which are currently listed and trading
other parts of the Rulebook. change that are filed with the
Commission, and all written on the Exchange under NYSE Arca
C. Self-Regulatory Organization’s Equities Rule 8.202. The proposed rule
communications relating to the
Statement on Comments on the change was published for comment in
proposed rule change between the
Proposed Rule Change Received From the Federal Register on August 20,
Commission and any person, other than
Members, Participants, or Others 2015.3
those that may be withheld from the
public in accordance with the On September 18, 2015, pursuant to
No written comments were either
provisions of 5 U.S.C. 552, will be Section 19(b)(2) of the Act,4 the
solicited or received.
available for Web site viewing and Commission designated a longer period
III. Date of Effectiveness of the within which to approve the proposed
printing in the Commission’s Public
Proposed Rule Change and Timing for rule change, disapprove the proposed
Reference Room, 100 F Street NE.,
Commission Action rule change, or institute proceedings to
Washington, DC 20549, on official
The foregoing rule change has become determine whether to disapprove the
business days between the hours of proposed rule change.5 On November
effective pursuant to Section 10:00 a.m. and 3:00 p.m. Copies of the
19(b)(3)(A)(ii) of the Act.27 18, 2016, the Commission instituted
filing also will be available for proceedings under Section 19(b)(2)(B) of
At any time within 60 days of the inspection and copying at the principal the Act 6 to determine whether to
filing of the proposed rule change, the office of the Exchange. All comments approve or disapprove the proposed
Commission summarily may received will be posted without change; rule change.7 On February 12, 2016,
temporarily suspend such rule change if the Commission does not edit personal pursuant to Section 19(b)(2) of the Act,8
it appears to the Commission that such identifying information from the Commission designated a longer
action is: (i) Necessary or appropriate in submissions. You should submit only period within which to take action on
the public interest; (ii) for the protection information that you wish to make proceedings to determine whether to
of investors; or (iii) otherwise in available publicly. All submissions approve or disapprove the proposed
furtherance of the purposes of the Act.
should refer to File Number SR–Phlx–
If the Commission takes such action, the
2016–33 and should be submitted on or 1 15 U.S.C. 78s(b)(1).
Commission shall institute proceedings
to determine whether the proposed rule before April 7, 2016. 2 17 CFR 240.19b–4.
3 See Securities Exchange Act Release No. 75698
should be approved or disapproved. For the Commission, by the Division of (Aug. 14, 2015), 80 FR 50701.
Trading and Markets, pursuant to delegated 4 15 U.S.C. 78s(b)(2).
IV. Solicitation of Comments authority.28 5 See Securities Exchange Act Release No. 75945,

Interested persons are invited to Lynn M. Powalski, 80 FR 57645 (Sept. 24, 2015). The Commission
asabaliauskas on DSK3SPTVN1PROD with NOTICES

designated a longer period within which to take
submit written data, views, and Deputy Secretary. action on the proposed rule change and designated
arguments concerning the foregoing, [FR Doc. 2016–05975 Filed 3–16–16; 8:45 am] November 18, 2015, as the date by which it should
including whether the proposed rule approve, disapprove, or institute proceedings to
BILLING CODE 8011–01–P determine whether to disapprove the proposed rule
change is consistent with the Act.
change.
Comments may be submitted by any of 6 15 U.S.C. 78s(b)(2)(B).
the following methods: 7 See Securities Exchange Act Release No. 76472,

80 FR 73258 (Nov. 24, 2015).
27 15 U.S.C. 78s(b)(3)(A)(ii). 28 17 CFR 200.30–3(a)(12). 8 15 U.S.C. 78s(b)(2).

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Document Created: 2016-03-17 00:58:06
Document Modified: 2016-03-17 00:58:06

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		81 FR 14513