81 FR 61268 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change To Amend NYSE Arca Equities Rule 8.700 and To List and Trade Shares of the Managed Emerging Markets Trust Under Proposed Amended NYSE Arca Equities Rule 8.700

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 172 (September 6, 2016)

Page Range		61268-61269
FR Document		2016-21251

Federal Register, Volume 81 Issue 172 (Tuesday, September 6, 2016)

[Federal Register Volume 81, Number 172 (Tuesday, September 6, 2016)]
[Notices]
[Pages 61268-61269]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-21251]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-78727; File No. SR-NYSEArca-2016-96]


Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change To Amend NYSE Arca Equities Rule 8.700 and To List and Trade 
Shares of the Managed Emerging Markets Trust Under Proposed Amended 
NYSE Arca Equities Rule 8.700

August 30, 2016.
    On July 1, 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 amend NYSE Arca Equities Rule 
8.700 to permit the use of swaps on equity indices, fixed income 
indices, commodity indices, commodities or interest rates, and to list 
and trade

[[Page 61269]]

shares of the Managed Emerging Markets Trust under proposed amended 
NYSE Arca Equities Rule 8.700. The proposed rule change was published 
for comment in the Federal Register on July 21, 2016.\3\ The Commission 
has received no comments on the proposal.
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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. 78345 (July 15, 
2016), 81 FR 47447.
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    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 September 4, 2016. The Commission is extending this 45-day time 
period.
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    \4\ 15 U.S.C. 78s(b)(2).
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    The Commission finds it appropriate to designate a longer period 
within which to take action on the proposed rule change so that it has 
sufficient time to consider this proposed rule change. Accordingly, the 
Commission, pursuant to section 19(b)(2) of the Act,\5\ designates 
October 19, 2016, as the date by which the Commission shall either 
approve or disapprove, or institute proceedings to determine whether to 
disapprove, the proposed rule change (File No. SR-NYSEArca-2016-96).
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    \5\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(31).
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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-21251 Filed 9-2-16; 8:45 am]
 BILLING CODE 8011-01-P

61268 Federal Register / Vol. 81, No. 172 / Tuesday, September 6, 2016 / Notices

any burden on competition that is not ability to carry out its oversight amendments, all written statements
necessary or appropriate in furtherance responsibilities as a self-regulatory with respect to the proposed rule
of the purposes of the Act. The organization and reinforce its change that are filed with the
proposed change would align Exchange enforcement functions. The Exchange Commission, and all written
rules with rules of other options also stated that waiver of the operative communications relating to the
exchanges and would therefore promote delay would promote regulatory clarity proposed rule change between the
consistency in minor rule violations and and consistency, thereby reducing Commission and any person, other than
respective SRO reporting obligations, burdens on the marketplace and those that may be withheld from the
resulting in less burdensome and more facilitating investor protection. For public in accordance with the
efficient regulatory compliance and these reasons, the Commission believes provisions of 5 U.S.C. 552, will be
facilitating performance of regulatory that waiver of the 30-day operative available for Web site viewing and
functions.14 The proposed rule change delay is consistent with the protection printing in the Commission’s Public
is not intended to address competitive of investors and the public interest. Reference Room, 100 F Street NE.,
issues, but rather it is designed to Therefore, the Commission designates Washington, DC 20549 on official
provide notice to, and fair procedures the proposed rule change to be operative business days between the hours of
for the disciplining of, ATP Holders and upon filing.18 10:00 a.m. and 3:00 p.m. Copies of such
persons associated with ATP Holders At any time within 60 days of the filing also will be available for
for violations of trade-throughs. filing of such proposed rule change, the inspection and copying at the principal
Commission summarily may office of the Exchange. All comments
C. Self-Regulatory Organization’s temporarily suspend such rule change if received will be posted without change;
Statement on Comments on the it appears to the Commission that such the Commission does not edit personal
Proposed Rule Change Received From action is necessary or appropriate in the identifying information from
Members, Participants, or Others public interest, for the protection of submissions. You should submit only
No written comments were solicited investors, or otherwise in furtherance of information that you wish to make
or received with respect to the proposed the purposes of the Act. If the available publicly. All submissions
rule change. Commission takes such action, the should refer to File Number SR–
III. Date of Effectiveness of the Commission shall institute proceedings NYSEMKT–2016–75, and should be
Proposed Rule Change and Timing for to determine whether the proposed rule submitted on or before September 27,
Commission Action change should be approved or 2016.
disapproved. For the Commission, by the Division of
Because the foregoing proposed rule
IV. Solicitation of Comments Trading and Markets, pursuant to delegated
change does not (i) significantly affect authority.19
the protection of investors or the public Interested persons are invited to Robert W. Errett,
interest; (ii) impose any significant submit written data, views, and
burden on competition; and (iii) become Deputy Secretary.
arguments concerning the foregoing,
operative for 30 days from the date on [FR Doc. 2016–21256 Filed 9–2–16; 8:45 am]
including whether the proposed rule
which it was filed, or such shorter time change is consistent with the Act. BILLING CODE 8011–01–P
as the Commission may designate, it has Comments may be submitted by any of
become effective pursuant to Section the following methods:
19(b)(3)(A)(iii) of the Act 15 and SECURITIES AND EXCHANGE
subparagraph (f)(6) of Rule 19b–4 Electronic Comments COMMISSION
thereunder.16 • Use the Commission’s Internet [Release No. 34–78727; File No. SR–
A proposed rule change filed under comment form (http://www.sec.gov/ NYSEArca–2016–96]
Rule 19b–4(f)(6) normally does not rules/sro.shtml); or
become operative for 30 days after the • Send an email to rule-comments@ Self-Regulatory Organizations; NYSE
date of its filing. However, Rule 19b– sec.gov. Please include File Number SR– Arca, Inc.; Notice of Designation of a
4(f)(6)(iii) 17 permits the Commission to NYSEMKT–2016–75 on the subject line. Longer Period for Commission Action
designate a shorter time if such action on Proposed Rule Change To Amend
Paper Comments NYSE Arca Equities Rule 8.700 and To
is consistent with the protection of
investors and the public interest. The • Send paper comments in triplicate List and Trade Shares of the Managed
Exchange has requested that the to Secretary, Securities and Exchange Emerging Markets Trust Under
Commission waive the 30-day operative Commission, 100 F Street NE., Proposed Amended NYSE Arca
delay so that the proposed rule change Washington, DC 20549–1090. Equities Rule 8.700
will become operative on filing. The All submissions should refer to File
August 30, 2016.
Exchange stated that the proposed rule Number SR–NYSEMKT–2016–75. This
On July 1, 2016, NYSE Arca, Inc. filed
change would allow the Exchange to file number should be included on the
with the Securities and Exchange
align its rules with those of competing subject line if email is used. To help the
Commission (‘‘Commission’’), pursuant
options exchanges, without delay, and Commission process and review your to section 19(b)(1) of the Securities
would also strengthen the Exchange’s comments more efficiently, please use Exchange Act of 1934 (‘‘Act’’) 1 and Rule
only one method. The Commission will 19b–4 thereunder,2 a proposed rule
14 See supra note 7. post all comments on the Commission’s change to amend NYSE Arca Equities
15 15 U.S.C. 78s(b)(3)(A)(iii). Internet Web site (http://www.sec.gov/
mstockstill on DSK3G9T082PROD with NOTICES

16 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– Rule 8.700 to permit the use of swaps
rules/sro.shtml). Copies of the on equity indices, fixed income indices,
4(f)(6) requires a self-regulatory organization to give
the Commission written notice of its intent to file submission, all subsequent commodity indices, commodities or
the proposed rule change at least five business days interest rates, and to list and trade
prior to the date of filing of the proposed rule 18 For purposes only of waiving the 30-day
change, or such shorter time as designated by the operative delay, the Commission also has
19 17 CFR 200.30–3(a)(12).
Commission. The Exchange has satisfied this considered the proposed rule’s impact on
requirement. 1 15 U.S.C. 78s(b)(1).
efficiency, competition, and capital formation. See
17 17 CFR 240.19b–4(f)(6)(iii). 15 U.S.C. 78c(f). 2 17 CFR 240.19b–4.

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Document Created: 2018-02-09 12:04:00
Document Modified: 2018-02-09 12:04:00

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 61268