81 FR 45575 - Self-Regulatory Organizations; NYSE MKT LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Rule 975NY Regarding Transactions That Qualify as a Catastrophic Error as it Relates to Binary Return Derivatives Contracts
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 81, Issue 135 (July 14, 2016)
Federal Register Volume 81, Issue 135 (July 14, 2016)
| Page Range | 45575-45577 | |
| FR Document | 2016-16617 |
[Federal Register Volume 81, Number 135 (Thursday, July 14, 2016)] [Notices] [Pages 45575-45577] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-16617] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-78266; File No. SR-NYSEMKT-2016-66] Self-Regulatory Organizations; NYSE MKT LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Rule 975NY Regarding Transactions That Qualify as a Catastrophic Error as it Relates to Binary Return Derivatives Contracts July 8, 2016. Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of 1934 (the ``Act''),\2\ and Rule 19b-4 thereunder,\3\ notice is hereby given that on July 1, 2016, NYSE MKT LLC (the ``Exchange'' or ``NYSE MKT'') filed with the Securities and Exchange Commission (the ``Commission'') the proposed rule change as described in Items I and II below, which Items have been prepared by the self-regulatory organization. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 15 U.S.C. 78a. \3\ 17 CFR 240.19b-4. --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of the Substance of the Proposed Rule Change The Exchange proposes to amend Rule 975NY regarding transactions that qualify as a Catastrophic Error as it relates to Binary Return Derivatives contracts (``ByRDs''). The proposed rule change is available on the Exchange's Web site at www.nyse.com, at the principal office of the Exchange, and at the Commission's Public Reference Room. II. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the self-regulatory organization included statements concerning the purpose of, and basis for, the proposed rule change and discussed any comments it received on the proposed rule change. The text of those statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant parts of such statements. A. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange is proposing to amend Rule 975NY (Nullification and Adjustment of Options Transactions including Obvious Errors) regarding transactions that qualify as a Catastrophic Error as it relates to ByRDs. The Exchange recently amended its rules related to ByRDs, including portions of Rule 975NY regarding when a ByRDs transaction may qualify as a Catastrophic Error.\4\ In the ByRDs filing, the Exchange clarified that any transactions in ByRDs qualifying as a Catastrophic Error ``that is higher or lower than the Theoretical Price by $.50 or more shall be deemed a Catastrophic Error, subject to the adjustment procedures of paragraph (d)(3) unless such adjustment would result in a price higher than $1.02, in which case the [[Page 45576]] adjustment price shall be $1.02.'' \5\ This change was designed to ensure that ByRDs trades that are deemed Catastrophic Errors are never adjusted to a price above $1.02. --------------------------------------------------------------------------- \4\ See Securities Exchange Act Release No. 77014 (February 2, 2016), 81 FR 6566 (February 8, 2016) (SR-NYSEMKT-2016-16) (the ``ByRDs filing''). \5\ See Rule 975NY(d)(3)(A). This change was made to ensure consistency with obvious errors in ByRDs, which likewise caps any adjustment to ByRDs at a price no higher than $1.02. See Rule 975NY(c)(6). --------------------------------------------------------------------------- In connection with this modification, the Exchange deleted language from the definition of Catastrophic Error providing that any ByRDs transaction occurring at a price greater than $1.02 was presumptively a Catastrophic Error.\6\ The Exchange proposes to restore this concept to the rule text, as the deletion was erroneous. Specifically, the current rule does not appropriately capture as Catastrophic Errors those transactions in ByRDs occurring at prices greater than $1.02 but not more than $0.50 away from the Theoretical Price. --------------------------------------------------------------------------- \6\ See supra n. 3, 81 FR at 6566 (striking from Rule 975NY(d)(1) the caveat that ``except for Binary Return Derivatives where any transaction occurring at a price greater than $1.02 shall qualify as a Catastrophic Error''). --------------------------------------------------------------------------- ByRDs are binary options and, as such, differ from traditional options traded on U.S. options exchanges by providing a discontinuous or non-linear payout. An in-the-money ByRD will pay a fixed sum at expiration regardless of the magnitude of the difference between the option's exercise price and the settlement price. Specifically, at expiration, a ByRDs contract will be worth $0 or $1.00; it will never have a value greater than $1.00. Any transaction in ByRDs for over $1.00 would result in an automatic loss. Consistent with the Exchange adjusting a Catastrophic Error in a ByRDs trade to a price no greater than $1.02 as provided for in Rule 975NY(d)(3)(A), the Exchange believes that no trade in ByRDs greater than $1.02 should stand, but should instead be adjusted to $1.02.\7\ Thus, the Exchange believes the proposed change would ensure that ByRDs trades that are $1.02 or more are deemed a Catastrophic Error, in addition to being appropriately adjusted.\8\ --------------------------------------------------------------------------- \7\ See proposed 975NY(d)(3)(A) (providing that any transaction in ByRDs that is ``(1) higher or lower than the Theoretical Price by $.50 or more or (2) at a price greater than $1.02 shall be deemed a Catastrophic Error, subject to the adjustment procedures of paragraph (d)(3) unless such adjustment would result in a price higher than $1.02, in which case the adjustment price shall be $1.02''). \8\ As noted in the ByRDs filing, ByRDs contracts were outside of the scope of the industry wide effort to harmonize Obvious and Catastrophic Error rules, and the proposed change therefore does not impact the harmonization effort. See Securities Exchange Act Release No. 74920 (May 8, 2015), 80 FR 27816, 27822 (May 14, 2015) (SR- NYSEMKT-2015-39). --------------------------------------------------------------------------- Finally, the Exchange proposes to correct the reference to ``ByRDS'' in Rule 975NY(d)(3)(A) to ``ByRDs,'' which would make the reference consistent with other Exchange rules. 2. Statutory Basis The Exchange believes the proposed rule change is consistent with Section 6(b) \9\ of the Securities Exchange Act of 1934 (the ``Act''), in general, and furthers the objectives of Section 6(b)(5),\10\ in particular, in that it is designed to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in facilitating transactions in securities, and to remove impediments to and perfect the mechanism of a free and open market and a national market system. --------------------------------------------------------------------------- \9\ 15 U.S.C. 78f(b). \10\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- Specifically, the proposed change is designed to promote just and equitable principles of trade, and to remove impediments to and perfect the mechanism of a free and open market and a national market system, as the proposed change would ensure that ByRDs trades resulting from Catastrophic Errors are appropriately characterized as such and, in turn, appropriately adjusted. In addition, the proposed change would ensure that the Exchange would not be prevented from adjusting a trade in ByRDs that is the result of a Catastrophic Error, which would protect investors and the public interest. B. Self-Regulatory Organization's Statement on Burden on Competition The Exchange does not believe that the proposed rule change will impose any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act. The Exchange believes that the proposed rule change will serve to promote regulatory clarity and consistency, thereby reducing burdens on the marketplace and facilitating investor protection. C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others No written comments were solicited or received with respect to the proposed rule change. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Because the foregoing proposed rule change does not: (i) Significantly affect the protection of investors or the public interest; (ii) impose any significant burden on competition; and (iii) become operative for 30 days from the date on which it was filed, or such shorter time as the Commission may designate, it has become effective pursuant to Section 19(b)(3)(A) of the Act and Rule 19b- 4(f)(6) thereunder.\11\ --------------------------------------------------------------------------- \11\ 17 CFR 240.19b-4(f)(6). As required under Rule 19b- 4(f)(6)(iii), the Exchange provided the Commission with written notice of its intent to file the proposed rule change, along with a brief description and the text of the proposed rule change, at least five business days prior to the date of filing of the proposed rule change, or such shorter time as designated by the Commission. --------------------------------------------------------------------------- A proposed rule change filed pursuant to Rule 19b-4(f)(6) under the Act \12\ normally does not become operative for 30 days after the date of its filing. However, Rule 19b-4(f)(6)(iii) \13\ permits the Commission to designate a shorter time if such action is consistent with the protection of investors and the public interest. The Exchange has asked the Commission to waive the 30-day operative delay so that the proposal may become operative immediately upon filing. The Exchange stated that the proposed rule change would ensure that the manner by which the Exchange determines whether a Catastrophic Error in a ByRDs trade has occurred is consistent with the standards by which the Exchange would adjust a ByRDs trade as provided for in Rule 975NY(d)(3). The Exchange further stated that waiver of the operative delay is consistent with the protection of investors and the public interest because it would promote regulatory clarity and consistency, thereby reducing burdens on the marketplace and facilitating investor protection. The Commission believes that waiving the 30-day operative delay is consistent with the protection of investors and the public interest. Therefore, the Commission hereby waives the operative delay and designates the proposed rule change operative upon filing.\14\ --------------------------------------------------------------------------- \12\ 17 CFR 240.19b-4(f)(6). \13\ 17 CFR 240.19b-4(f)(6)(iii). \14\ For purposes only of waiving the 30-day operative delay, the Commission has considered the proposed rule's impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). --------------------------------------------------------------------------- At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act. If the Commission takes such action, the Commission shall institute proceedings [[Page 45577]] to determine whether the proposed rule should be approved or disapproved. IV. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: Electronic CommentsUse the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or Send an email to [email protected]. Please include File Number SR-NYSEMKT-2016-66 on the subject line. Paper Comments Send paper comments in triplicate to Brent J. Fields, Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549-1090. All submissions should refer to File Number SR-NYSEMKT-2016-66. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for Web site viewing and printing in the Commission's Public Reference Room, 100 F Street NE., Washington, DC 20549 on official business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of such filing also will be available for inspection and copying at the principal office of the Exchange. All comments received will be posted without change; the Commission does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR-NYSEMKT-2016-66, and should be submitted on or before August 4, 2016. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\15\ --------------------------------------------------------------------------- \15\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Jill M. Peterson, Assistant Secretary. [FR Doc. 2016-16617 Filed 7-13-16; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 81, No. 135 / Thursday, July 14, 2016 / Notices 45575
become operative immediately upon Commission process and review your Securities and Exchange Commission
filing. The Exchange stated that the comments more efficiently, please use (the ‘‘Commission’’) the proposed rule
proposed rule change would ensure that only one method. The Commission will change as described in Items I and II
the manner by which the Exchange post all comments on the Commission’s below, which Items have been prepared
determines whether a Catastrophic Error Internet Web site (http://www.sec.gov/ by the self-regulatory organization. The
in a ByRDs trade has occurred is rules/sro.shtml). Copies of the Commission is publishing this notice to
consistent with the standards by which submission, all subsequent solicit comments on the proposed rule
the Exchange would adjust a ByRDs amendments, all written statements change from interested persons.
trade as provided for in Rule 6.87(d)(3). with respect to the proposed rule
I. Self-Regulatory Organization’s
The Exchange further stated that waiver change that are filed with the
Statement of the Terms of the Substance
of the operative delay is consistent with Commission, and all written
of the Proposed Rule Change
the protection of investors and the communications relating to the
public interest because it would proposed rule change between the The Exchange proposes to amend
promote regulatory clarity and Commission and any person, other than Rule 975NY regarding transactions that
consistency, thereby reducing burdens those that may be withheld from the qualify as a Catastrophic Error as it
on the marketplace and facilitating public in accordance with the relates to Binary Return Derivatives
investor protection. The Commission provisions of 5 U.S.C. 552, will be contracts (‘‘ByRDs’’). The proposed rule
believes that waiving the 30-day available for Web site viewing and change is available on the Exchange’s
operative delay is consistent with the printing in the Commission’s Public Web site at www.nyse.com, at the
protection of investors and the public Reference Room, 100 F Street NE., principal office of the Exchange, and at
interest. Therefore, the Commission Washington, DC 20549 on official the Commission’s Public Reference
hereby waives the operative delay and business days between the hours of Room.
designates the proposed rule change 10:00 a.m. and 3:00 p.m. Copies of such II. Self-Regulatory Organization’s
operative upon filing.13 filing also will be available for Statement of the Purpose of, and
At any time within 60 days of the inspection and copying at the principal Statutory Basis for, the Proposed Rule
filing of the proposed rule change, the office of the Exchange. All comments Change
Commission summarily may received will be posted without change;
the Commission does not edit personal In its filing with the Commission, the
temporarily suspend such rule change if self-regulatory organization included
it appears to the Commission that such identifying information from
submissions. You should submit only statements concerning the purpose of,
action is necessary or appropriate in the and basis for, the proposed rule change
public interest, for the protection of information that you wish to make
available publicly. All submissions and discussed any comments it received
investors, or otherwise in furtherance of on the proposed rule change. The text
the purposes of the Act. If the should refer to File Number SR–
NYSEArca–2016–93, and should be of those statements may be examined at
Commission takes such action, the the places specified in Item IV below.
Commission shall institute proceedings submitted on or before August 4, 2016.
The Exchange has prepared summaries,
to determine whether the proposed rule For the Commission, by the Division of
set forth in sections A, B, and C below,
should be approved or disapproved. Trading and Markets, pursuant to delegated
authority.14 of the most significant parts of such
IV. Solicitation of Comments Jill M. Peterson, statements.
Interested persons are invited to Assistant Secretary. A. Self-Regulatory Organization’s
submit written data, views, and [FR Doc. 2016–16618 Filed 7–13–16; 8:45 am] Statement of the Purpose of, and
arguments concerning the foregoing, BILLING CODE 8011–01–P Statutory Basis for, the Proposed Rule
including whether the proposed rule Change
change is consistent with the Act.
SECURITIES AND EXCHANGE 1. Purpose
Comments may be submitted by any of
the following methods: COMMISSION The Exchange is proposing to amend
Rule 975NY (Nullification and
Electronic Comments [Release No. 34–78266; File No. SR–
NYSEMKT–2016–66]
Adjustment of Options Transactions
• Use the Commission’s Internet including Obvious Errors) regarding
comment form (http://www.sec.gov/ Self-Regulatory Organizations; NYSE transactions that qualify as a
rules/sro.shtml); or MKT LLC; Notice of Filing and Catastrophic Error as it relates to ByRDs.
• Send an email to rule-comments@ Immediate Effectiveness of Proposed The Exchange recently amended its
sec.gov. Please include File Number SR– Rule Change Amending Rule 975NY rules related to ByRDs, including
NYSEArca–2016–93 on the subject line. Regarding Transactions That Qualify portions of Rule 975NY regarding when
as a Catastrophic Error as it Relates to a ByRDs transaction may qualify as a
Paper Comments Catastrophic Error.4 In the ByRDs filing,
Binary Return Derivatives Contracts
• Send paper comments in triplicate the Exchange clarified that any
to Brent J. Fields, Secretary, Securities July 8, 2016. transactions in ByRDs qualifying as a
and Exchange Commission, 100 F Street Pursuant to Section 19(b)(1) 1 of the Catastrophic Error ‘‘that is higher or
NE., Washington, DC 20549–1090. Securities Exchange Act of 1934 (the lower than the Theoretical Price by $.50
asabaliauskas on DSK3SPTVN1PROD with NOTICES
All submissions should refer to File ‘‘Act’’),2 and Rule 19b–4 thereunder,3 or more shall be deemed a Catastrophic
Number SR–NYSEArca–2016–93. This notice is hereby given that on July 1, Error, subject to the adjustment
file number should be included on the 2016, NYSE MKT LLC (the ‘‘Exchange’’ procedures of paragraph (d)(3) unless
subject line if email is used. To help the or ‘‘NYSE MKT’’) filed with the such adjustment would result in a price
higher than $1.02, in which case the
14 17 CFR 200.30–3(a)(12).
13 For purposes only of waiving the 30-day
1 15 U.S.C. 78s(b)(1).
operative delay, the Commission has considered the 4 See Securities Exchange Act Release No. 77014
2 15 U.S.C. 78a.
proposed rule’s impact on efficiency, competition, (February 2, 2016), 81 FR 6566 (February 8, 2016)
and capital formation. See 15 U.S.C. 78c(f). 3 17 CFR 240.19b–4. (SR–NYSEMKT–2016–16) (the ‘‘ByRDs filing’’).
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![Federal Register / Vol. 81, No. 135 / Thursday, July 14, 2016 / Notices 45577
to determine whether the proposed rule For the Commission, by the Division of Commission instituted proceedings
should be approved or disapproved. Trading and Markets, pursuant to delegated under Section 19(b)(2)(B) of the Act 7 to
authority.15 determine whether to approve or
IV. Solicitation of Comments Jill M. Peterson, disapprove the proposed rule change, as
Assistant Secretary. modified by Amendment No. 1 thereto.8
Interested persons are invited to
submit written data, views, and [FR Doc. 2016–16617 Filed 7–13–16; 8:45 am] On June 7, 2016, the Commission issued
arguments concerning the foregoing, BILLING CODE 8011–01–P a notice of designation of a longer
including whether the proposed rule period for Commission action on
change is consistent with the Act. proceedings to determine whether to
Comments may be submitted by any of SECURITIES AND EXCHANGE approve or disapprove the proposed
the following methods: COMMISSION rule change, as modified by Amendment
[Release No. 34–78259; SR–NYSEArca– No. 1 thereto.9 The Commission
Electronic Comments 2015–93] received no comments on the proposed
rule change.
• Use the Commission’s Internet Self-Regulatory Organizations; NYSE
comment form (http://www.sec.gov/ On June 29, 2016, the Exchange
Arca, Inc.; Notice of Withdrawal of a withdrew the proposed rule change
rules/sro.shtml); or Proposed Rule Change, as Modified by (SR–NYSEArca–2015–93).
• Send an email to rule-comments@ Amendment No. 1 Thereto, Relating to
sec.gov. Please include File Number SR– Listing and Trading of Shares of the For the Commission, by the Division of
NYSEMKT–2016–66 on the subject line. Trading and Markets, pursuant to delegated
Cumberland Municipal Bond ETF
authority.10
Under NYSE Arca Equities Rule 8.600
Paper Comments Jill M. Peterson,
July 8, 2016. Assistant Secretary.
• Send paper comments in triplicate On November 24, 2015, NYSE Arca,
to Brent J. Fields, Secretary, Securities [FR Doc. 2016–16601 Filed 7–13–16; 8:45 am]
Inc. (‘‘Exchange’’) filed with the
and Exchange Commission, 100 F Street Securities and Exchange Commission
BILLING CODE 8011–01–P
NE., Washington, DC 20549–1090. (‘‘Commission’’), pursuant to Section
All submissions should refer to File 19(b)(1) of the Securities Exchange Act SECURITIES AND EXCHANGE
Number SR–NYSEMKT–2016–66. This of 1934 (‘‘Act’’) 1 and Rule 19b–4 COMMISSION
file number should be included on the thereunder,2 a proposed rule change to
subject line if email is used. To help the list and trade shares of the Cumberland
Municipal Bond ETF, a series of the [Release No. 34–78261; SR–NYSEArca–
Commission process and review your 2016–08]
comments more efficiently, please use ETFis Series Trust I. The proposed rule
only one method. The Commission will change was published for comment in
Self-Regulatory Organizations; NYSE
post all comments on the Commission’s the Federal Register on December 14,
Arca, Inc.; Notice of Withdrawal of a
Internet Web site (http://www.sec.gov/ 2015.3 On December 29, 2015, the
Proposed Rule Change, as Modified by
rules/sro.shtml). Copies of the Exchange submitted Amendment No. 1
Amendment No. 1 Thereto, To Adopt
submission, all subsequent to the proposed rule change.4 On
NYSE Arca Equities Rule 8.900 To
amendments, all written statements January 21, 2016, pursuant to Section
Permit Listing and Trading of Managed
with respect to the proposed rule 19(b)(2) of the Act,5 the Commission
Portfolio Shares and To Permit Listing
change that are filed with the designated a longer period within which
and Trading of Shares of Fifteen
Commission, and all written to approve the proposed rule change,
Issues of the Precidian ETFs Trust
communications relating to the disapprove the proposed rule change, or
proposed rule change between the institute proceedings to determine July 8, 2016.
Commission and any person, other than whether to disapprove the proposed
rule change.6 On March 10, 2016, the On January 27, 2016, NYSE Arca, Inc.
those that may be withheld from the (‘‘Exchange’’) filed with the Securities
public in accordance with the 1 15 and Exchange Commission
U.S.C. 78s(b)(1).
provisions of 5 U.S.C. 552, will be 2 17 (‘‘Commission’’), pursuant to Section
CFR 240.19b–4.
available for Web site viewing and 3 See Securities Exchange Act Release No. 76590 19(b)(1) of the Securities Exchange Act
printing in the Commission’s Public (Dec. 8, 2015), 80 FR 77384 (‘‘Notice’’). of 1934 (‘‘Act’’) 1 and Rule 19b–4
Reference Room, 100 F Street NE., 4 In Amendment No. 1, the Exchange clarified
thereunder,2 a proposed rule change to:
Washington, DC 20549 on official that each Municipal Bond (as defined herein) held (1) Adopt NYSE Arca Equities Rule
business days between the hours of by the Fund must be a constituent of a deal where
the deal’s original offering amount was at least $100 8.900; and (2) approve the listing and
10:00 a.m. and 3:00 p.m. Copies of such million, clarified whether certain securities would trading of shares of fifteen series of the
filing also will be available for be exchange-traded or over-the-counter, deleted a Precidian ETFs Trust. The proposed
inspection and copying at the principal statement relating to redemption of Shares, clarified rule change was published for comment
office of the Exchange. All comments pricing information for certain assets, and corrected
a typographical error. Amendment No. 1, which in the Federal Register on February 18,
received will be posted without change; amended and replaced the original proposal in its 2016.3 On March 9, 2016, the Exchange
the Commission does not edit personal entirety, is available on the Commission’s Web site
identifying information from at: http://www.sec.gov/comments/sr-nysearca-2015-
asabaliauskas on DSK3SPTVN1PROD with NOTICES
7 15 U.S.C. 78s(b)(2)(B).
submissions. You should submit only 93/nysearca201593-1.pdf. 8 See
5 15 U.S.C. 78s(b)(2). Securities Exchange Act Release No. 77340,
information that you wish to make 6 See Securities Exchange Act Release No. 76955,
81 FR 14163 (Mar. 16, 2016).
available publicly. All submissions 81 FR 4724 (Jan. 27, 2016). See also Securities
9 See Securities Exchange Act Release No. 78003,
should refer to File Number SR– 81 FR 38258 (Jun. 13, 2016).
Exchange Act Release No. 76955A (Mar. 2, 2016), 10 17 CFR 200.30–3(a)(57).
NYSEMKT–2016–66, and should be 81 FR 12174 (Mar. 8, 2016) (correcting the date to
1 15 U.S.C.78s(b)(1).
submitted on or before August 4, 2016. ‘‘March 11, 2016’’ as the date by which the
2 17 CFR 240.19b–4.
Commission shall either approve or disapprove, or
institute proceedings to determine whether to 3 See Securities Exchange Act Release No. 76944
15 17 CFR 200.30–3(a)(12). disapprove, the proposed rule change). (Feb. 11, 2016), 81 FR 8269 (‘‘Notice’’).
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Document Created: 2016-07-14 01:55:21
Document Modified: 2016-07-14 01:55:21
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| Section | Notices | |
| FR Citation | 81 FR 45575 |
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