81 FR 47222 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change Relating to the Listing and Trading of Shares of BlackRock Government Collateral Pledge Unit Under NYSE Arca Equities Rule 8.600
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 81, Issue 139 (July 20, 2016)
Federal Register Volume 81, Issue 139 (July 20, 2016)
| Page Range | 47222-47222 | |
| FR Document | 2016-17098 |
[Federal Register Volume 81, Number 139 (Wednesday, July 20, 2016)] [Notices] [Page 47222] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-17098] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-78328; File No. SR-NYSEArca-2016-63] Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change Relating to the Listing and Trading of Shares of BlackRock Government Collateral Pledge Unit Under NYSE Arca Equities Rule 8.600 July 14, 2016. On May 19, 2016, NYSE Arca, Inc. 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 of the BlackRock Government Collateral Pledge Unit. The proposed rule change was published for comment in the Federal Register on June 2, 2016.\3\ The Commission received no comment letters on the proposed rule change. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. \3\ See Securities Exchange Act Release No. 77941 (May 27, 2016), 81 FR 35425. --------------------------------------------------------------------------- Section 19(b)(2) of the Act \4\ 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 after publication of the notice for this proposed rule change is July 17, 2016. The Commission is extending this 45-day time period. 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,\5\ designates August 31, 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-2016-63). --------------------------------------------------------------------------- \4\ 15 U.S.C. 78s(b)(2). \5\ Id. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\6\ --------------------------------------------------------------------------- \6\ 17 CFR 200.30-3(a)(31). --------------------------------------------------------------------------- Jill M. Peterson, Assistant Secretary. [FR Doc. 2016-17098 Filed 7-19-16; 8:45 am] BILLING CODE 8011-01-P
![47222 Federal Register / Vol. 81, No. 139 / Wednesday, July 20, 2016 / Notices
securities laws applicable to trading on listing the Shares on the Exchange. In Exchange Act of 1934 (‘‘Act’’) 1 and Rule
the Exchange. addition, the issuer has represented to 19b–4 thereunder,2 a proposed rule
(6) The Exchange may obtain the Exchange that it will advise the change to list and trade shares of the
information regarding trading in the Exchange of any failure by the Fund to BlackRock Government Collateral
Shares and the underlying shares in comply with the continued listing Pledge Unit. The proposed rule change
exchange traded equity securities via requirements (or any changes made with was published for comment in the
the Intermarket Surveillance Group respect to a Fund’s 80% Investment Federal Register on June 2, 2016.3 The
(‘‘ISG’’), from other exchanges that are Policy), and, pursuant to its obligations Commission received no comment
members or affiliates of the ISG, or with under Section 19(g)(1) of the Act, the letters on the proposed rule change.
which the Exchange has entered into a Exchange will surveil for compliance
comprehensive surveillance sharing with the continued listing requirements. Section 19(b)(2) of the Act 4 provides
agreement.35 In addition, the Exchange If the Fund is not in compliance with that, within 45 days of the publication
is able to access, as needed, trade the applicable listing requirements, the of notice of the filing of a proposed rule
information for certain fixed income Exchange will commence delisting change, or within such longer period up
instruments reported to the Financial procedures under Exchange Rule 14.12. to 90 days as the Commission may
Industry Regulatory Authority’s Trade This approval order is based on all of designate if it finds such longer period
Reporting and Compliance Engine. The the Exchange’s representations, to be appropriate and publishes its
Exchange also can access data obtained including those set forth above and in reasons for so finding or as to which the
from the Municipal Securities the Notice, as modified by Amendment self-regulatory organization consents,
Rulemaking Board relating to municipal No. 3 thereto, and the Exchange’s the Commission shall either approve the
bond trading activity for surveillance description of the Funds. proposed rule change, disapprove the
purposes in connection with trading in For the foregoing reasons, the proposed rule change, or institute
the Shares. In addition, the Exchange Commission finds that the proposed proceedings to determine whether the
may obtain information regarding rule change, as modified by Amendment proposed rule change should be
trading in the Shares and the underlying No. 8 thereto, is consistent with Section disapproved. The 45th day after
shares in exchange-traded investment 6(b)(5) of the Act 37 and the rules and
companies, futures, options, and publication of the notice for this
regulations thereunder applicable to a proposed rule change is July 17, 2016.
warrants from markets or other entities national securities exchange.
that are members of ISG or with which The Commission is extending this 45-
the Exchange has in place a IV. Conclusion day time period.
comprehensive surveillance sharing It is therefore ordered, pursuant to The Commission finds that it is
agreement. The Exchange prohibits the Section 19(b)(2) of the Act,38 that the appropriate to designate a longer period
distribution of material, non-public proposed rule change (SR–BatsBZX– within which to take action on the
information by its employees. 2016–01), as modified by Amendment proposed rule change so that it has
(7) For initial and continued listing of No. 8 thereto, be, and it hereby is, sufficient time to consider the proposed
the Shares, the Trust is required to approved. rule change. Accordingly, the
comply with Rule 10A–3 under the Commission, pursuant to Section
Act.36 For the Commission, by the Division of
Trading and Markets, pursuant to delegated 19(b)(2) of the Act,5 designates August
(8) The Funds generally will invest at
authority.39 31, 2016, as the date by which the
least 80% of their respective assets in
Jill M. Peterson, Commission should either approve or
the securities of the corresponding
Indices. The Funds may invest up to Assistant Secretary. disapprove or institute proceedings to
20% of their respective assets in other [FR Doc. 2016–17089 Filed 7–19–16; 8:45 am] determine whether to disapprove the
securities and financial instruments as BILLING CODE 8011–01–P proposed rule change (File Number SR–
described above and in the Notice, as NYSEArca–2016–63).
modified by Amendment No. 3 thereto. For the Commission, by the Division of
(9) If the Exchange becomes aware SECURITIES AND EXCHANGE Trading and Markets, pursuant to delegated
that the NAV is not being disseminated COMMISSION authority.6
to all market participants at the same Jill M. Peterson,
[Release No. 34–78328; File No. SR–
time, it will halt trading in the Shares NYSEArca–2016–63] Assistant Secretary.
until such time as the NAV is available
[FR Doc. 2016–17098 Filed 7–19–16; 8:45 am]
to all market participants. Self-Regulatory Organizations; NYSE
The Exchange represents that all Arca, Inc.; Notice of Designation of a BILLING CODE 8011–01–P
statements and representations made in Longer Period for Commission Action
this filing regarding (a) the description on a Proposed Rule Change Relating
of the portfolio, (b) limitations on to the Listing and Trading of Shares of
portfolio holdings or reference assets BlackRock Government Collateral
(including, for example, each Fund’s Pledge Unit Under NYSE Arca Equities
80% Investment Policy), or (c) the Rule 8.600
applicability of Exchange rules and
surveillance procedures shall constitute July 14, 2016.
mstockstill on DSK3G9T082PROD with NOTICES
continued listing requirements for On May 19, 2016, NYSE Arca, Inc.
filed with the Securities and Exchange 1 15 U.S.C. 78s(b)(1).
35 For a list of the current members of ISG, see Commission (‘‘Commission’’), pursuant 2 17 CFR 240.19b–4.
www.isgportal.org. The Exchange notes that not all to Section 19(b)(1) of the Securities 3 See Securities Exchange Act Release No. 77941
components of the portfolio for a Fund may trade
(May 27, 2016), 81 FR 35425.
on markets that are members of ISG or with which
37 15 4 15 U.S.C. 78s(b)(2).
the Exchange has in place a comprehensive U.S.C. 78f(b)(5).
5 Id.
surveillance sharing agreement. 38 15 U.S.C. 78s(b)(2).
36 See 17 CFR 240.10A–3. 39 17 CFR 200.30–3(a)(12). 6 17 CFR 200.30–3(a)(31).
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Document Created: 2018-02-08 07:56:52
Document Modified: 2018-02-08 07:56:52
| 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 47222 |
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