81 FR 22136 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade of Shares of RiverFront Dynamic US Dividend Advantage ETF and RiverFront Dynamic US Flex-Cap ETF Under NYSE Arca Equities Rule 8.600

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 72 (April 14, 2016)

Page Range		22136-22136
FR Document		2016-08558

Federal Register, Volume 81 Issue 72 (Thursday, April 14, 2016)

[Federal Register Volume 81, Number 72 (Thursday, April 14, 2016)]
[Notices]
[Page 22136]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-08558]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-77571; File No. SR-NYSEArca-2016-28]


Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change, as Modified by Amendment No. 1, To List and Trade of Shares of 
RiverFront Dynamic US Dividend Advantage ETF and RiverFront Dynamic US 
Flex-Cap ETF Under NYSE Arca Equities Rule 8.600

April 8, 2016.
    On February 5, 2016, 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 to list and trade 
shares (``Shares'') of the following under NYSE Arca Equities Rule 
8.600: RiverFront Dynamic US Dividend Advantage ETF and RiverFront 
Dynamic US Flex-Cap ETF. The Commission published notice of the 
proposed rule change in the Federal Register on February 25, 2016.\3\ 
On April 7, 2016, the Exchange submitted Amendment No. 1 to the 
proposed rule change.\4\ The Commission received no comment letters on 
the proposed rule change.
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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. 34-77183 (February 
19, 2016), 81 FR 9535 (February 25, 2016) (NYSEArca-2016-28).
    \4\ Amendment No. 1 replaced and superseded the original filing 
in its entirety.
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    Section 19(b)(2) of the Act \5\ 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 
Commission is extending this 45-day time period.
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    \5\ 15 U.S.C. 78s(b)(2).
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    The Commission finds that it is appropriate to designate a longer 
period within which to take action on the proposed rule change so that 
it has sufficient time to consider the proposed rule change. 
Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\6\ designates May 25, 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 Number 
SR-NYSEArca-2016-28), as modified by Amendment No. 1.
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    \6\ Id.
    \7\ 17 CFR 200.30-3(a)(31).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-08558 Filed 4-13-16; 8:45 am]
 BILLING CODE 8011-01-P

22136 Federal Register / Vol. 81, No. 72 / Thursday, April 14, 2016 / Notices

Commission, and all written Register on February 25, 2016.3 On SECURITIES AND EXCHANGE
communications relating to the April 7, 2016, the Exchange submitted COMMISSION
proposed rule change between the Amendment No. 1 to the proposed rule [Release No. 34–77565; File No. SR–FINRA–
Commission and any person, other than change.4 The Commission received no 2016–005]
those that may be withheld from the comment letters on the proposed rule
public in accordance with the change. Self-Regulatory Organizations;
provisions of 5 U.S.C. 552, will be Financial Industry Regulatory
available for Web site viewing and Section 19(b)(2) of the Act 5 provides
that, within 45 days of the publication Authority, Inc.; Order Approving a
printing in the Commission’s Public Proposed Rule Change To Reduce the
Reference Room, 100 F Street NE., of notice of the filing of a proposed rule
Synchronization Tolerance for
Washington, DC 20549 on official change, or within such longer period up
Computer Clocks That Are Used To
business days between the hours of to 90 days as the Commission may
Record Events in NMS Securities and
10:00 a.m. and 3:00 p.m. Copies of such designate if it finds such longer period OTC Equity Securities
filing also will be available for to be appropriate and publishes its
inspection and copying at the principal reasons for so finding or as to which the April 8, 2016.
office of the Exchange. All comments self-regulatory organization consents, I. Introduction
received will be posted without change; the Commission shall either approve the
the Commission does not edit personal proposed rule change, disapprove the On February 9, 2016, the Financial
identifying information from Industry Regulatory Authority, Inc.
proposed rule change, or institute
submissions. You should submit only (‘‘FINRA’’) filed with the Securities and
proceedings to determine whether the
information that you wish to make Exchange Commission (‘‘Commission’’)
proposed rule change should be pursuant to Section 19(b)(1) of the
available publicly. All submissions disapproved. The Commission is
should refer to File Number SR–BOX– Securities Exchange Act of 1934
extending this 45-day time period. (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a
2016–14, and should be submitted on or
before May 5, 2016. The Commission finds that it is proposed rule change to reduce the
appropriate to designate a longer period synchronization tolerance for computer
For the Commission, by the Division of clocks that are used to record events in
Trading and Markets, pursuant to delegated
within which to take action on the
authority.12 proposed rule change so that it has NMS Securities, including standardized
sufficient time to consider the proposed options and OTC Equity Securities. The
Robert W. Errett,
rule change. Accordingly, the proposed rule change was published for
Deputy Secretary.
Commission, pursuant to Section comment in the Federal Register on
[FR Doc. 2016–08559 Filed 4–13–16; 8:45 am] February 25, 2016.3 Four comments
19(b)(2) of the Act,6 designates May 25,
BILLING CODE 8011–01–P
2016, as the date by which the were received in response to the
proposal.4 This order approves the
Commission should either approve or
proposed rule change.
SECURITIES AND EXCHANGE disapprove or institute proceedings to
COMMISSION determine whether to disapprove the II. Description of the Proposed Rule
proposed rule change (File Number SR– Change
[Release No. 34–77571; File No. SR–
NYSEArca–2016–28] NYSEArca–2016–28), as modified FINRA rules require that firms
byAmendment No. 1. synchronize their business clocks in
Self-Regulatory Organizations; NYSE For the Commission, by the Division of conformity with procedures prescribed
Arca, Inc.; Notice of Designation of a Trading and Markets, pursuant to delegated by FINRA. Specifically, FINRA Rule
Longer Period for Commission Action authority.7 7430 requires that firms synchronize
on a Proposed Rule Change, as their business clocks that are used for
Robert W. Errett,
Modified by Amendment No. 1, To List purposes of recording the date and time
and Trade of Shares of RiverFront Deputy Secretary. of any event that must be recorded
Dynamic US Dividend Advantage ETF [FR Doc. 2016–08558 Filed 4–13–16; 8:45 am] pursuant to the FINRA By-Laws or other
and RiverFront Dynamic US Flex-Cap BILLING CODE 8011–01–P FINRA rules (i.e., the time a trade was
ETF Under NYSE Arca Equities Rule executed or the time an order was
8.600 received or routed), with reference to a
time source as designated by FINRA.
April 8, 2016.
Current OATS technical specifications
On February 5, 2016, NYSE Arca, Inc. provide that all computer system clocks
(‘‘Exchange’’) filed with the Securities and mechanical time stamping devices
and Exchange Commission must be synchronized to within one
(‘‘Commission’’), pursuant to Section
19(b)(1) of the Securities Exchange Act 1 15 U.S.C. 78s(b)(1).
of 1934 (‘‘Act’’) 1 and Rule 19b–4 2 17 CFR 240.19b–4.
thereunder,2 a proposed rule change to 3 See Securities Exchange Act Release No. 77196

list and trade shares (‘‘Shares’’) of the (Feb. 19, 2016), 81 FR 9550 (‘‘Notice’’).
following under NYSE Arca Equities 4 See Letter from Kermit Kubitz, dated March 18,

Rule 8.600: RiverFront Dynamic US 2016 (‘‘Kubitz Letter’’); Letter from Dave Lauer,
Chairman, Healthy Markets Association, to Brent J.
mstockstill on DSK4VPTVN1PROD with NOTICES

Dividend Advantage ETF and 3 See Securities Exchange Act Release No. 34–
Fields, Secretary, Commission, dated March 17,
RiverFront Dynamic US Flex-Cap ETF. 77183 (February 19, 2016), 81 FR 9535 (February 2016 (‘‘Healthy Markets Letter); Letter from
The Commission published notice of the 25, 2016) (NYSEArca–2016–28). Manisha Kimmel, Chief Regulatory Officer, Wealth
proposed rule change in the Federal 4 Amendment No. 1 replaced and superseded the Management, Thompson Reuters, to Brent J. Fields,
original filing in its entirety. Secretary, Commission, dated March 17, 2015
5 15 U.S.C. 78s(b)(2).
(‘‘Reuters Letter’’); Letter from Mary Lou Von
12 17 CFR 200.30–3(a)(12). Kaenel, Managing Director, Financial Information
1 15 6 Id.
U.S.C. 78s(b)(1). Forum, to Brent J. Fields, Secretary, Commission,
2 17 CFR 240.19b–4. 7 17 CFR 200.30–3(a)(31). dated March 22, 2016 (‘‘FIF Letter’’).

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Document Created: 2018-02-07 13:48:08
Document Modified: 2018-02-07 13:48:08

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 22136