81_FR_78443 81 FR 78228 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Adopt the CHX Liquidity Taking Access Delay

81 FR 78228 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Adopt the CHX Liquidity Taking Access Delay

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 215 (November 7, 2016)

Page Range78228-78228
FR Document2016-26787

Federal Register, Volume 81 Issue 215 (Monday, November 7, 2016) 
[Federal Register Volume 81, Number 215 (Monday, November 7, 2016)]
[Notices]
[Page 78228]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-26787]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-79216; File No. SR-CHX-2016-16]


Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; 
Notice of Designation of a Longer Period for Commission Action on a 
Proposed Rule Change To Adopt the CHX Liquidity Taking Access Delay

November 1, 2016.
    On September 6, 2016, the Chicago Stock Exchange, Inc. (``CHX'') 
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 
adopt the CHX Liquidity Taking Access Delay. The proposed rule change 
was published for comment in the Federal Register on September 22, 
2016.\3\ The Commission received thirteen comment letters on the 
proposed rule change \4\ and a response letter from the Exchange.\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. 78860 (September 16, 
2016), 81 FR 65442.
    \4\ See letters from: Douglas A. Cifu, Chief Executive Officer, 
Virtu Financial, dated September 21, 2016; R.T. Leuchtkafer, dated 
September 29, 2016; Adam Nunes, Head of Business Development, Hudson 
River Trading LLC, dated October 6, 2016; Beste Bidd, Trader, dated 
October 9, 2016; Joanna Mallers, Secretary, FIA Principal Traders 
Group, dated October 13, 2016; John L. Thornton, Co-Chair, Hal S. 
Scott, Director, and R. Glenn Hubbard, Co-Chair, Committee on 
Capital Markets Regulation, dated October 13, 2016; Adam C. Cooper, 
Senior Managing Director and Chief Legal Officer, Citadel 
Securities, dated October 13, 2016; Tyler Gellasch, Executive 
Director, Healthy Markets Association, dated October 13, 2016; Eric 
Budish, Professor of Economics, University of Chicago Booth School 
of Business, dated October 13, 2016; Elizabeth K. King, General 
Counsel and Corporate Secretary, New York Stock Exchange, dated 
October 14, 2016; James J. Angel, Associate Professor, McDonough 
School of Business, Georgetown University, dated October 16, 2016; 
Eric Swanson, EVP, General Counsel, and Secretary, Bats Global 
Markets, Inc., dated October 25, 2016; and Eric Pritchett, Chief 
Executive Officer, Potamus Trading LLC, dated October 26, 2016. All 
of the comment letters are available at: https://www.sec.gov/comments/sr-chx-2016-16/chx201616.shtml.
    \5\ See letter from James Ongena, Executive Vice President and 
General Counsel, Chicago Stock Exchange, dated October 28, 2016.
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    Section 19(b)(2) of the Act \6\ 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 November 6, 2016. 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 and the 
comment letters. Accordingly, the Commission, pursuant to Section 
19(b)(2) of the Act,\7\ designates December 21, 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 Number SR-CHX-2016-16).
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    \7\ Id.
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    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)(31).

Brent J. Fields,
Secretary.
[FR Doc. 2016-26787 Filed 11-4-16; 8:45 am]
 BILLING CODE 8011-01-P

78228 Federal Register / Vol. 81, No. 215 / Monday, November 7, 2016 / Notices public in accordance with the proposed rule change 4 and a response For the Commission, by the Division provisions of 5 U.S.C. 552, will be letter from the Exchange.5 of Trading and Markets, pursuant to available for Web site viewing and Section 19(b)(2) of the Act 6 provides delegated authority.8 printing in the Commission’s Public that, within 45 days of the publication Brent J. Fields, Reference Room, 100 F Street NE., of notice of the filing of a proposed rule Secretary. Washington, DC 20549, on official change, or within such longer period up [FR Doc. 2016–26787 Filed 11–4–16; 8:45 am] business days between the hours of to 90 days as the Commission may BILLING CODE 8011–01–P 10:00 a.m. and 3:00 p.m. Copies of such designate if it finds such longer period filing also will be available for to be appropriate and publishes its inspection and copying at the principal reasons for so finding or as to which the SECURITIES AND EXCHANGE office of OCC and on OCC’s Web site at self-regulatory organization consents, COMMISSION http://www.theocc.com/components/ the Commission shall either approve the docs/legal/rules_and_bylaws/sr_occ_16_ [Investment Company Act Release No. proposed rule change, disapprove the 32351; 812–14633] 013.pdf. proposed rule change, or institute All comments received will be posted proceedings to determine whether the Prudential ETF Trust, et al.; Notice of without change; the Commission does proposed rule change should be Application not edit personal identifying disapproved. The 45th day after November 1, 2016. information from submissions. You publication of the notice for this AGENCY: Securities and Exchange should submit only information that proposed rule change is November 6, Commission (‘‘Commission’’). you wish to make available publicly. 2016. The Commission is extending this ACTION: Notice of an application for an All submissions should refer to File 45-day time period. order under section 6(c) of the Number SR–OCC–2016–013 and should The Commission finds that it is Investment Company Act of 1940 (the be submitted on or before November 28, appropriate to designate a longer period ‘‘Act’’) for an exemption from sections 2016. within which to take action on the 2(a)(32), 5(a)(1), 22(d), and 22(e) of the For the Commission, by the Division of proposed rule change so that it has Act and rule 22c-1 under the Act, under Trading and Markets, pursuant to delegated sufficient time to consider the proposed sections 6(c) and 17(b) of the Act for an Authority.23 rule change and the comment letters. exemption from sections 17(a)(1) and Brent J. Fields, Accordingly, the Commission, pursuant 17(a)(2) of the Act, and under section Secretary to Section 19(b)(2) of the Act,7 12(d)(1)(J) for an exemption from designates December 21, 2016, as the sections 12(d)(1)(A) and 12(d)(1)(B) of [FR Doc. 2016–26791 Filed 11–4–16; 8:45 am] date by which the Commission shall the Act. The requested order would BILLING CODE 8011–01–P permit (a) index-based series of certain either approve or disapprove or institute proceedings to determine whether to open-end management investment companies (‘‘Funds’’) to issue shares SECURITIES AND EXCHANGE disapprove the proposed rule change redeemable in large aggregations only COMMISSION (File Number SR–CHX–2016–16). (‘‘Creation Units’’); (b) secondary market transactions in Fund shares to occur at [Release No. 34–79216; File No. SR–CHX– 4 See letters from: Douglas A. Cifu, Chief negotiated market prices rather than at 2016–16] Executive Officer, Virtu Financial, dated September net asset value (‘‘NAV’’); (c) certain 21, 2016; R.T. Leuchtkafer, dated September 29, Funds to pay redemption proceeds, Self-Regulatory Organizations; 2016; Adam Nunes, Head of Business Development, under certain circumstances, more than Chicago Stock Exchange, Inc.; Notice Hudson River Trading LLC, dated October 6, 2016; seven days after the tender of shares for of Designation of a Longer Period for Beste Bidd, Trader, dated October 9, 2016; Joanna redemption; (d) certain affiliated Commission Action on a Proposed Mallers, Secretary, FIA Principal Traders Group, persons of a Fund to deposit securities Rule Change To Adopt the CHX dated October 13, 2016; John L. Thornton, Co-Chair, Hal S. Scott, Director, and R. Glenn Hubbard, Co- into, and receive securities from, the Liquidity Taking Access Delay Chair, Committee on Capital Markets Regulation, Fund in connection with the purchase dated October 13, 2016; Adam C. Cooper, Senior and redemption of Creation Units; (e) November 1, 2016. Managing Director and Chief Legal Officer, Citadel certain registered management On September 6, 2016, the Chicago Securities, dated October 13, 2016; Tyler Gellasch, investment companies and unit Stock Exchange, Inc. (‘‘CHX’’) filed with Executive Director, Healthy Markets Association, investment trusts outside of the same dated October 13, 2016; Eric Budish, Professor of the Securities and Exchange group of investment companies as the Economics, University of Chicago Booth School of Commission (‘‘Commission’’), pursuant Business, dated October 13, 2016; Elizabeth K. Funds (‘‘Funds of Funds’’) to acquire to Section 19(b)(1) of the Securities King, General Counsel and Corporate Secretary, shares of the Funds; and (f) certain Exchange Act of 1934 (‘‘Act’’) 1 and Rule New York Stock Exchange, dated October 14, 2016; Funds (‘‘Feeder Funds’’) to create and 19b–4 thereunder,2 a proposed rule James J. Angel, Associate Professor, McDonough redeem Creation Units in-kind in a change to adopt the CHX Liquidity School of Business, Georgetown University, dated master-feeder structure. Taking Access Delay. The proposed rule October 16, 2016; Eric Swanson, EVP, General Counsel, and Secretary, Bats Global Markets, Inc., APPLICANTS: Prudential ETF Trust (the change was published for comment in dated October 25, 2016; and Eric Pritchett, Chief the Federal Register on September 22, ‘‘Trust’’), a Maryland statutory trust that Executive Officer, Potamus Trading LLC, dated sradovich on DSK3GMQ082PROD with NOTICES 2016.3 The Commission received will be registered under the Act as an October 26, 2016. All of the comment letters are thirteen comment letters on the available at: https://www.sec.gov/comments/sr-chx- open-end management investment 2016-16/chx201616.shtml. company with multiple series, 23 17 CFR 200.30–3(a)(12). 5 See letter from James Ongena, Executive Vice Prudential Investments LLC (the ‘‘Initial 1 15 U.S.C. 78s(b)(1). President and General Counsel, Chicago Stock Adviser’’), a New York limited liability 2 17 CFR 240.19b–4. Exchange, dated October 28, 2016. company registered as an investment 3 See Securities Exchange Act Release No. 78860 6 15 U.S.C. 78s(b)(2). (September 16, 2016), 81 FR 65442. 7 Id. 8 17 CFR 200.30–3(a)(31). VerDate Sep<11>2014 16:02 Nov 04, 2016 Jkt 241001 PO 00000 Frm 00122 Fmt 4703 Sfmt 4703 E:\FR\FM\07NON1.SGM 07NON1


Document Created: 2018-02-14 08:21:59
Document Modified: 2018-02-14 08:21:59
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation81 FR 78228 
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