81 FR 24907 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change Amending Rule 123C To Provide for How the Exchange Would Determine an Official Closing Price if the Exchange is Unable To Conduct a Closing Transaction

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 81 (April 27, 2016)

Page Range		24907-24907
FR Document		2016-09720

Federal Register, Volume 81 Issue 81 (Wednesday, April 27, 2016)

[Federal Register Volume 81, Number 81 (Wednesday, April 27, 2016)]
[Notices]
[Page 24907]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-09720]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-77677; File No. SR-NYSE-2016-18]


Self-Regulatory Organizations; New York Stock Exchange LLC; 
Notice of Designation of Longer Period for Commission Action on 
Proposed Rule Change Amending Rule 123C To Provide for How the Exchange 
Would Determine an Official Closing Price if the Exchange is Unable To 
Conduct a Closing Transaction

April 21, 2016.

    On February 25, 2016, New York Stock Exchange LLC (``NYSE'' or the 
``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 amend Rule 123C to provide for how the Exchange 
would determine an Official Closing Price if the Exchange is unable to 
conduct a closing transaction. The proposed rule change was published 
for comment in the Federal Register on March 11, 2016.\3\ The 
Commission has received one comment letter on the proposal.\4\
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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. 77305 (March 7, 
2016), 81 FR 12977.
    \4\ See Letter from Theodore R. Lazo, Managing Director and 
Associate General Counsel, Securities Industry and Financial Markets 
Association, to Brent J. Fields, Secretary, Commission, dated April 
5, 2016.
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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 
45th day for this filing is April 25, 2016.
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    \5\ 15 U.S.C. 78s(b)(2).
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    The Commission is extending the 45-day time period for Commission 
action on the proposed rule change. 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 and 
take action on the Exchange's proposed rule change.
    Accordingly, pursuant to section 19(b)(2)(A)(ii)(I) of the Act \6\ 
and for the reasons stated above, the Commission designates June 9, 
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-NYSE-2016-18).
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    \6\ 15 U.S.C. 78s(b)(2)(A)(ii)(I).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
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    \7\ 17 CFR 200.30-3(a)(31).
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Brent J. Fields,
Secretary.
[FR Doc. 2016-09720 Filed 4-26-16; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 81, No. 81 / Wednesday, April 27, 2016 / Notices 24907

VII. Conclusion Section 19(b)(2) of the Act 5 provides (‘‘Commission’’), pursuant to section
that within 45 days of the publication of 19(b)(1) of the Securities Exchange Act
It is therefore ordered, pursuant to notice of the filing of a proposed rule of 1934 (‘‘Act’’) 1 and Rule 19b–4
Section 19(b)(2) of the Act,33 that the change, or within such longer period up thereunder,2 a proposed rule change to
proposed rule change, as modified by to 90 days as the Commission may amend Rule 123C to provide for how the
Amendment No.1, (File No. SR– designate if it finds such longer period Exchange would determine an Official
NYSEMKT–2016–17) be, and hereby is, to be appropriate and publishes its Closing Price if the Exchange is unable
approved. reasons for so finding or as to which the to conduct a closing transaction. The
For the Commission, by the Division of self-regulatory organization consents, proposed rule change was published for
Trading and Markets, pursuant to delegated the Commission shall either approve the comment in the Federal Register on
authority.34 proposed rule change, disapprove the March 11, 2016.3 The Commission has
Brent J. Fields, proposed rule change, or institute received one comment letter on the
Secretary. proceedings to determine whether the proposal.4
[FR Doc. 2016–09723 Filed 4–26–16; 8:45 am] proposed rule change should be Section 19(b)(2) of the Act 5 provides
BILLING CODE 8011–01–P disapproved. The 45th day for this filing that within 45 days of the publication of
is April 25, 2016. notice of the filing of a proposed rule
The Commission is extending the 45- change, or within such longer period up
SECURITIES AND EXCHANGE day time period for Commission action to 90 days as the Commission may
COMMISSION on the proposed rule change. The designate if it finds such longer period
Commission finds that it is appropriate to be appropriate and publishes its
[Release No. 34–77676; File No. SR–
to designate a longer period within reasons for so finding or as to which the
NYSEMKT–2016–31] which to take action on the proposed self-regulatory organization consents,
rule change so that it has sufficient time the Commission shall either approve the
Self-Regulatory Organizations; NYSE to consider and take action on the proposed rule change, disapprove the
MKT LLC; Notice of Designation of Exchange’s proposed rule change. proposed rule change, or institute
Longer Period for Commission Action Accordingly, pursuant to section proceedings to determine whether the
on Proposed Rule Change Amending 19(b)(2)(A)(ii)(I) of the Act 6 and for the proposed rule change should be
Rule 123C–Equities To Provide for reasons stated above, the Commission disapproved. The 45th day for this filing
How the Exchange Would Determine designates June 9, 2016, as the date by is April 25, 2016.
an Official Closing Price if the which the Commission should either
Exchange is Unable To Conduct a approve or disapprove, or institute The Commission is extending the 45-
Closing Transaction proceedings to determine whether to day time period for Commission action
disapprove, the proposed rule change on the proposed rule change. The
April 21, 2016. (File No. SR–NYSEMKT–2016–31). Commission finds that it is appropriate
On February 25, 2016, New York to designate a longer period within
For the Commission, by the Division of
Stock Exchange LLC (‘‘NYSE’’ or the which to take action on the proposed
Trading and Markets, pursuant to delegated
‘‘Exchange’’) filed with the Securities authority.7 rule change so that it has sufficient time
and Exchange Commission to consider and take action on the
Brent J. Fields,
(‘‘Commission’’), pursuant to section Exchange’s proposed rule change.
Secretary.
19(b)(1) of the Securities Exchange Act [FR Doc. 2016–09719 Filed 4–26–16; 8:45 am] Accordingly, pursuant to section
of 1934 (‘‘Act’’) 1 and Rule 19b–4 BILLING CODE 8011–01–P
19(b)(2)(A)(ii)(I) of the Act 6 and for the
thereunder,2 a proposed rule change to reasons stated above, the Commission
amend Rule 123C—Equities to provide designates June 9, 2016, as the date by
for how the Exchange would determine SECURITIES AND EXCHANGE which the Commission should either
an Official Closing Price if the Exchange COMMISSION approve or disapprove, or institute
is unable to conduct a closing proceedings to determine whether to
transaction. The proposed rule change [Release No. 34–77677; File No. SR–NYSE– disapprove, the proposed rule change
was published for comment in the 2016–18] (File No. SR–NYSE–2016–18).
Federal Register on March 11, 2016.3 For the Commission, by the Division of
Self-Regulatory Organizations; New
The Commission has received no Trading and Markets, pursuant to delegated
York Stock Exchange LLC; Notice of
comment letters on the proposal.4 authority.7
Designation of Longer Period for
Commission Action on Proposed Rule Brent J. Fields,
33 15 U.S.C. 78s(b)(2).
34 17
Change Amending Rule 123C To Secretary.
CFR 200.30–3(a)(12).
1 15 U.S.C. 78s(b)(1). Provide for How the Exchange Would [FR Doc. 2016–09720 Filed 4–26–16; 8:45 am]
2 17 CFR 240.19b–4. Determine an Official Closing Price if BILLING CODE 8011–01–P
3 See Securities Exchange Act Release No. 77306 the Exchange is Unable To Conduct a
(March 7, 2016), 81 FR 12986. Closing Transaction 1 15 U.S.C. 78s(b)(1).
4 The Commission notes that a comment letter
2 17 CFR 240.19b–4.
was received on a nearly identical filing for New April 21, 2016.
asabaliauskas on DSK3SPTVN1PROD with NOTICES

3 See Securities Exchange Act Release No. 77305
York Stock Exchange LLC and a similar filing for
On February 25, 2016, New York (March 7, 2016), 81 FR 12977.
The Nasdaq Stock Market LLC. See Letter from 4 See Letter from Theodore R. Lazo, Managing
Theodore R. Lazo, Managing Director and Associate Stock Exchange LLC (‘‘NYSE’’ or the
Director and Associate General Counsel, Securities
General Counsel, Securities Industry and Financial ‘‘Exchange’’) filed with the Securities Industry and Financial Markets Association, to
Markets Association, to Brent J. Fields, Secretary, and Exchange Commission
Commission, dated April 5, 2016. See also Brent J. Fields, Secretary, Commission, dated April
Securities Exchange Act Release Nos. 77305 (March 5, 2016.
5 15 U.S.C. 78s(b)(2). 5 15 U.S.C. 78s(b)(2).
7, 2016), 81 FR 12977 (March 11, 2016) (SR–NYSE–
6 15 U.S.C. 78s(b)(2)(A)(ii)(I). 6 15 U.S.C. 78s(b)(2)(A)(ii)(I).
2016–18) and 77309 (March 7, 2016), 81 FR 13007
(March 11, 2016) (SR–NASDAQ–2016–035). 7 17 CFR 200.30–3(a)(31). 7 17 CFR 200.30–3(a)(31).

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Document Created: 2018-02-07 13:55:46
Document Modified: 2018-02-07 13:55:46

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		81 FR 24907