81 FR 36981 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Designation of Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1, To Establish Certain End User Fees, Amend the Definition of Affiliate, and Amend the Co-Location Section of the Price List To Reflect the Changes

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 110 (June 8, 2016)

Page Range		36981-36981
FR Document		2016-13474

Federal Register, Volume 81 Issue 110 (Wednesday, June 8, 2016)

[Federal Register Volume 81, Number 110 (Wednesday, June 8, 2016)]
[Notices]
[Page 36981]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-13474]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-77976; File No. SR-NYSE-2016-11]


Self-Regulatory Organizations; New York Stock Exchange LLC; 
Notice of Designation of Longer Period for Commission Action on a 
Proposed Rule Change, as Modified by Amendment No. 1, To Establish 
Certain End User Fees, Amend the Definition of Affiliate, and Amend the 
Co-Location Section of the Price List To Reflect the Changes

 June 2, 2016.
    On April 4, 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 establish fees relating to certain end users, 
amend the definition of Affiliate, and amend the co-location section of 
the Price List to reflect the changes. The Commission published the 
proposed rule change for comment in the Federal Register on April 22, 
2016.\3\ On April 29, 2016, the Exchange filed Amendment No. 1 to the 
proposed rule change.\4\ The Commission received two comment letters on 
the proposed rule change.\5\
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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. 34-77642 (April 18, 
2016), 81 FR 23786 (``Notice'').
    \4\ Amendment No. 1 made technical changes relating to the 
General Notes numbering and references in the Co-location section of 
the Price List.
    \5\ See Letter from Michael J. Friedman, General Counsel and 
CCO, Trillium to Brent J. Fields, Secretary, Commission, dated May 
13, 2016; see also Letter from Eero Pikat to the Commission, dated 
May 13, 2016.
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    Section 19(b)(2) of the Act \6\ provides that, within 45 days of 
the publication of the 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 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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    \6\ 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,\7\ designates July 21, 2016, as the date by which the Commission 
should approve, disapprove, or institute proceedings to determine 
whether to disapprove the proposed rule change (File No. SR-NYSE-2016-
11), as modified by Amendment No. 1.
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    \7\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\8\
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    \8\ 17 CFR 200.30-3(a)(12).
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Brent J. Fields,
Secretary.
[FR Doc. 2016-13474 Filed 6-7-16; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 81, No. 110 / Wednesday, June 8, 2016 / Notices 36981

derivatives agreements, contracts, and SECURITIES AND EXCHANGE proposed rule change so that it has
transactions within the meaning of COMMISSION sufficient time to consider the proposed
Section 17A(b)(3)(F) 9 of the Act. rule change. Accordingly, the
[Release No. 34–77976; File No. SR–NYSE–
The Commission also believes that the 2016–11]
Commission, pursuant to Section
19(b)(2) of the Act,7 designates July 21,
proposed changes will satisfy the
Self-Regulatory Organizations; New 2016, as the date by which the
applicable requirements of Rule 17Ad–
York Stock Exchange LLC; Notice of Commission should approve,
22.10 In particular, the Stress Testing disapprove, or institute proceedings to
Framework contains stress testing Designation of Longer Period for
Commission Action on a Proposed determine whether to disapprove the
practices designed to ensure that ICE proposed rule change (File No. SR–
Rule Change, as Modified by
Clear Credit maintains sufficient NYSE–2016–11), as modified by
Amendment No. 1, To Establish
financial resources to withstand a Amendment No. 1.
Certain End User Fees, Amend the
default by the participant family to Definition of Affiliate, and Amend the For the Commission, by the Division of
which it has the largest exposure in Co-Location Section of the Price List Trading and Markets, pursuant to delegated
extreme but plausible market To Reflect the Changes authority.8
conditions, and that as a registered Brent J. Fields,
clearing agency acting as a central June 2, 2016.
Secretary.
counterparty for security-based swaps, On April 4, 2016, New York Stock
[FR Doc. 2016–13474 Filed 6–7–16; 8:45 am]
ICC maintains additional financial Exchange LLC (‘‘NYSE’’ or the
BILLING CODE 8011–01–P
resources sufficient to withstand, at a ‘‘Exchange’’) filed with the Securities
minimum, a default by the two and Exchange Commission
participant families to which it has the (‘‘Commission’’), pursuant to Section
SECURITIES AND EXCHANGE
19(b)(1) of the Securities Exchange Act
largest exposures in extreme but COMMISSION
of 1934 (‘‘Act’’) 1 and Rule 19b–4
plausible market conditions, consistent
thereunder,2 a proposed rule change to [Release No. 34–77974; File No. SR–
with the requirements of Rule 17Ad– establish fees relating to certain end NYSEArca–2016–77]
22(b)(3).11 users, amend the definition of Affiliate,
and amend the co-location section of the Self-Regulatory Organizations; NYSE
IV. Conclusion Arca, Inc.; Notice of Filing and
Price List to reflect the changes. The
On the basis of the foregoing, the Commission published the proposed Immediate Effectiveness of Proposed
Commission finds that the proposal is rule change for comment in the Federal Rule Change Amending the NYSE Arca
consistent with the requirements of the Register on April 22, 2016.3 On April Options Fee Schedule and the NYSE
Act and in particular with the 29, 2016, the Exchange filed Arca Equities Schedule of Fees and
Amendment No. 1 to the proposed rule Charges for Exchange Services To
requirements of Section 17A of the
change.4 The Commission received two Eliminate Certain Services That Are No
Act 12 and the rules and regulations
comment letters on the proposed rule Longer Utilized by Users and To
thereunder.
change.5 Remove Obsolete Text
It is therefore ordered, pursuant to Section 19(b)(2) of the Act 6 provides
Section 19(b)(2) of the Act,13 that the June 2, 2016.
that, within 45 days of the publication Pursuant to section 19(b)(1) 1 of the
proposed rule change (File No. SR–ICC– of the notice of the filing of a proposed
2016–005) as modified by Amendment Securities Exchange Act of 1934 (the
rule change, or within such longer ‘‘Act’’) 2 and Rule 19b–4 thereunder,3
No. 1, be, and hereby is, approved.14 period up to 90 days as the Commission notice is hereby given that, on May 23,
For the Commission, by the Division of may designate if it finds such longer 2016, NYSE Arca, Inc. (the ‘‘Exchange’’
Trading and Markets, pursuant to delegated period to be appropriate and publishes or ‘‘NYSE Arca’’) filed with the
authority.15 its reasons for so finding or as to which Securities and Exchange Commission
Brent J. Fields, the self-regulatory organization (the ‘‘Commission’’) the proposed rule
consents, the Commission shall approve change as described in Items I, II, and
Secretary.
the proposed rule change, disapprove III below, which Items have been
[FR Doc. 2016–13477 Filed 6–7–16; 8:45 am]
the proposed rule change, or institute prepared by the self-regulatory
BILLING CODE 8011–01–P proceedings to determine whether the organization. The Commission is
proposed rule change should be publishing this notice to solicit
disapproved. The Commission is comments on the proposed rule change
extending this 45-day time period. from interested persons.
The Commission finds that it is
appropriate to designate a longer period I. Self-Regulatory Organization’s
within which to take action on the Statement of the Terms of the Substance
of the Proposed Rule Change
1 15 U.S.C. 78s(b)(1).
2 17
The Exchange proposes amend the
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 34–
NYSE Arca Options Fee Schedule (the
9 Id.
77642 (April 18, 2016), 81 FR 23786 (‘‘Notice’’). ‘‘Options Fee Schedule’’) and, through
10 17 CFR 240.17Ad–22. 4 Amendment No. 1 made technical changes its wholly owned subsidiary NYSE Arca
mstockstill on DSK3G9T082PROD with NOTICES

11 17 CFR 240.17Ad–22(b)(3). relating to the General Notes numbering and Equities, Inc. (‘‘NYSE Arca Equities’’),
12 15 U.S.C. 78q–1. references in the Co-location section of the Price the NYSE Arca Equities Schedule of
13 15 U.S.C. 78s(b)(2). List.
5 See Letter from Michael J. Friedman, General
14 In approving the proposed rule change, the 7 Id.
Counsel and CCO, Trillium to Brent J. Fields,
Commission considered the proposal’s impact on Secretary, Commission, dated May 13, 2016; see
8 17 CFR 200.30–3(a)(12).
efficiency, competition and capital formation. 15 also Letter from Eero Pikat to the Commission, 1 15 U.S.C. 78s(b)(1).
U.S.C. 78c(f). dated May 13, 2016. 2 15 U.S.C. 78a.
15 17 CFR 200.30–3(a)(12). 6 15 U.S.C. 78s(b)(2). 3 17 CFR 240.19b–4.

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Document Created: 2016-06-08 03:10:17
Document Modified: 2016-06-08 03:10:17

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 36981