81 FR 31671 - Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Withdrawal of Proposed Rule Change To Amend Rules 4702 and 4703

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 97 (May 19, 2016)

Page Range		31671-31671
FR Document		2016-11761

Federal Register, Volume 81 Issue 97 (Thursday, May 19, 2016)

[Federal Register Volume 81, Number 97 (Thursday, May 19, 2016)]
[Notices]
[Page 31671]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-11761]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-77831; File No. SR-NASDAQ-2016-023]


Self-Regulatory Organizations; The NASDAQ Stock Market LLC; 
Notice of Withdrawal of Proposed Rule Change To Amend Rules 4702 and 
4703

May 13, 2016.
    On February 10, 2016, The NASDAQ Stock Market LLC (``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 
modify the processing of certain orders that are eligible to 
participate in the Opening Cross and have a Pegging Attribute or are 
designated for routing, and to make technical corrections to certain 
rules. The proposed rule change was published for comment in the 
Federal Register on March 1, 2016.\3\ The Commission received no 
comment letters on the proposal. On April 12, 2016, 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 May 11, 2016, the Exchange 
withdrew the proposed rule change (File No. SR-NASDAQ-2016-023).
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 77226 (February 24, 
2016), 81 FR 10687.
    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 77592, 81 FR 22674 
(April 18, 2016). The Commission designated May 30, 2016, as the 
date by which it should approve, disapprove, or institute 
proceedings to determine whether to disapprove the proposed rule 
change.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
---------------------------------------------------------------------------

    \6\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Brent J. Fields,
Secretary.
[FR Doc. 2016-11761 Filed 5-18-16; 8:45 am]
BILLING CODE 8011-01-P

Federal Register / Vol. 81, No. 97 / Thursday, May 19, 2016 / Notices 31671

2016, as the date by which the For the Commission, by the Division of II. Self-Regulatory Organization’s
Commission should either approve or Trading and Markets, pursuant to delegated Statement of the Purpose of, and
disapprove or institute proceedings to authority.6 Statutory Basis for, the Proposed Rule
determine whether to disapprove the Brent J. Fields, Change
proposed rule change (File Number SR– Secretary. In its filing with the Commission, the
NYSE–2016–24). [FR Doc. 2016–11761 Filed 5–18–16; 8:45 am] self-regulatory organization included
For the Commission, by the Division of BILLING CODE 8011–01–P statements concerning the purpose of,
Trading and Markets, pursuant to delegated and basis for, the proposed rule change
authority.6 and discussed any comments it received
SECURITIES AND EXCHANGE on the proposed rule change. The text
Brent J. Fields, COMMISSION of those statements may be examined at
Secretary.
the places specified in Item IV below.
[FR Doc. 2016–11759 Filed 5–18–16; 8:45 am] [Release No. 34–77830; File No. SR– The Exchange has prepared summaries,
BILLING CODE 8011–01–P NYSEArca–2016–72] set forth in sections A, B, and C below,
of the most significant parts of such
Self-Regulatory Organizations; NYSE statements.
SECURITIES AND EXCHANGE Arca, Inc.; Notice of Filing and
COMMISSION Immediate Effectiveness of Proposed A. Self-Regulatory Organization’s
Rule Change Relating to Changes to Statement of the Purpose of, and the
Procedures Regarding Establishing Statutory Basis for, the Proposed Rule
[Release No. 34–77831; File No. SR– Change
NASDAQ–2016–023]
the LBMA Silver Price
May 13, 2016. 1. Purpose
Self-Regulatory Organizations; The Pursuant to section 19(b)(1) 1 of the The Exchange is submitting this
NASDAQ Stock Market LLC; Notice of Securities Exchange Act of 1934 proposed rule change in connection
Withdrawal of Proposed Rule Change (‘‘Act’’) 2 and Rule 19b–4 thereunder,3 with changes to the methodology, as
To Amend Rules 4702 and 4703 notice is hereby given that, on May 12, described below, used by CME Group
2016, NYSE Arca, Inc. (‘‘Exchange’’ or and Thomson Reuters to establish the
May 13, 2016.
‘‘NYSE Arca’’) filed with the Securities LBMA Silver Price (formerly the
On February 10, 2016, The NASDAQ and Exchange Commission London Silver Price), to be implemented
Stock Market LLC (‘‘Exchange’’) filed (‘‘Commission’’) the proposed rule on May 16, 2016. The LBMA Silver
with the Securities and Exchange change as described in Items I and II Price is the price used with respect to
Commission (‘‘Commission’’), pursuant below, which Items have been prepared calculation of the net asset value for the
to section 19(b)(1) of the Securities by the self-regulatory organization. The iShares Silver Trust, ETFS Silver Trust,
Exchange Act of 1934 (‘‘Act’’) 1 and Rule Commission is publishing this notice to and ETFS Precious Metals Basket Trust
19b–4 thereunder,2 a proposed rule solicit comments on the proposed rule (together, the ‘‘Silver Trusts’’), each of
change to modify the processing of change from interested persons. which is currently listed on the
certain orders that are eligible to Exchange under NYSE Arca Equities
participate in the Opening Cross and I. Self-Regulatory Organization’s Rule 8.201 (Commodity-Based Trust
Statement of the Terms of Substance of Shares), and is the underlying
have a Pegging Attribute or are
the Proposed Rule Change benchmark for ProShares Ultra Silver
designated for routing, and to make
technical corrections to certain rules. The Exchange proposes to changes to and ProShares UltraShort Silver
The proposed rule change was the methodology utilized by CME (together, the ‘‘Silver Funds’’), each of
published for comment in the Federal Group, Inc. (‘‘CME Group’’) and which is currently listed on the
Register on March 1, 2016.3 The Thomson Reuters to establish the Exchange under NYSE Arca Equities
Commission received no comment London Bullion Market Association Rule 8.200 (Trust Issued Receipts).4
(‘‘LBMA’’) Silver Price (formerly the As of August 14, 2014, the London
letters on the proposal. On April 12,
London Silver Price). The LBMA Silver Silver Price (now known as the ‘‘LBMA
2016, pursuant to section 19(b)(2) of the
Price is the price used with respect to Silver Price’’) replaced the ‘‘London
Act,4 the Commission designated a
calculation of the net asset value for the Silver Fix’’ as the mechanism for pricing
longer period within which to approve silver. As of such date, CME Group has
the proposed rule change, disapprove iShares Silver Trust, ETFS Silver Trust,
and ETFS Precious Metals Basket Trust, provided the price platform and
the proposed rule change, or institute methodology for the LBMA Silver Price
proceedings to determine whether to each of which is currently listed on the
Exchange under NYSE Arca Equities and Thomson Reuters has been
disapprove the proposed rule change.5 responsible for governance and
On May 11, 2016, the Exchange Rule 8.201, and is the underlying
benchmark for ProShares Ultra Silver oversight of the LBMA Silver Price.
withdrew the proposed rule change Currently, six price participants have
(File No. SR–NASDAQ–2016–023). and ProShares UltraShort Silver, each of
which is currently listed on the been accredited to contribute to the
Exchange under NYSE Arca Equities LBMA Silver Price as follows: China
6 17 CFR 200.30–3(a)(31).
Rule 8.200. The proposed rule change is Construction Bank, HSBC Bank USA
1 15 U.S.C. 78s(b)(1).
available on the Exchange’s Web site at NA, JPMorgan Chase Bank, The Bank of
2 17 CFR 240.19b–4.
Nova Scotia—ScotiaMocatta, The
mstockstill on DSK3G9T082PROD with NOTICES

3 See Securities Exchange Act Release No. 77226 www.nyse.com, at the principal office of
(February 24, 2016), 81 FR 10687. the Exchange, and at the Commission’s Toronto Dominion Bank and UBS AG.
In connection with implementation of
4 15 U.S.C. 78s(b)(2).
Public Reference Room.
5 See Securities Exchange Act Release No. 77592, the LBMA Silver Price as a replacement
81 FR 22674 (April 18, 2016). The Commission 6 17
designated May 30, 2016, as the date by which it CFR 200.30–3(a)(12). 4 ETFS White Metals Basket Trust, shares of
1 15 U.S.C. 78s(b)(1).
should approve, disapprove, or institute which were previously listed and traded on the
2 15 U.S.C. 78a.
proceedings to determine whether to disapprove the Exchange under NYSE Arca Equities Rule 8.201,
proposed rule change. 3 17 CFR 240.19b–4. was delisted from the Exchange on March 3, 2016.

VerDate Sep<11>2014 18:47 May 18, 2016 Jkt 238001 PO 00000 Frm 00086 Fmt 4703 Sfmt 4703 E:\FR\FM\19MYN1.SGM 19MYN1

Document Created: 2018-02-07 15:01:56
Document Modified: 2018-02-07 15:01:56

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 31671