81 FR 9573 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Rule 7.31P(a)(2)(C) Relating to Repricing Events
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 81, Issue 37 (February 25, 2016)
Federal Register Volume 81, Issue 37 (February 25, 2016)
| Page Range | 9573-9575 | |
| FR Document | 2016-03961 |
[Federal Register Volume 81, Number 37 (Thursday, February 25, 2016)] [Notices] [Pages 9573-9575] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-03961] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-77197; File No. SR-NYSEArca-2016-34] Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Rule 7.31P(a)(2)(C) Relating to Repricing Events February 19, 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 February 19, 2016, NYSE Arca, Inc. (the ``Exchange'' or ``NYSE Arca'') 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 Substance of the Proposed Rule Change The Exchange proposes to amend Rule 7.31P(a)(2)(C) (Orders and Modifiers) relating to repricing events. 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 proposes to amend Rule 7.31P(a)(2)(C) relating to repricing events that occur upon arrival of an Intermarket Sweep Order designated Day (``Day ISO''). Rule 7.31P(e)(3)(C) provides that a Day ISO, if marketable on arrival, will be immediately traded with contra-side interest in the NYSE Arca Book up to its full size and limit price and any untraded quantity of a Day ISO will be displayed at its limit price and may lock or cross a protected quotation that was displayed at the time of arrival of the Day ISO. Accordingly, under current rules, on arrival, a Day ISO may be displayed at a price that locks or crosses a protected quotation. Under Rule 7.36P(b)(3), if arrival of a Day ISO would result in less than a round lot being displayed, such order would be displayed on the Exchange's proprietary data feeds, but it would not be considered a new Exchange BBO or be considered a protected quotation. In addition, under Rule 7.38P(b)(1), the working price of an odd-lot quantity of a Day ISO will depend on where the limit price is in relation to the PBBO, and whether the PBBO is crossed. Separately, Rule 7.31P(a)(2)(C) describes how the Exchange re- prices resting orders to buy (sell) to avoid locking or crossing a protected quotation of another market by assigning a display price one MPV below (above) the PBO (PBB) and a working price equal to the PBO (PBB). The rule further specifies that ``[i]f a Day ISO to buy (sell) arrives before the PBO (PBB) is updated, such re-priced Limit Order(s) to buy (sell) will be repriced to the lower (higher) of the display price of the Day ISO or the original price of the Limit Order(s).'' Accordingly, current rules specify that arrival of a Day ISO results in a repricing event for resting orders. The Exchange proposes to amend Rule 7.31P(a)(2)(C) to specify how orders are repriced under that paragraph due to the arrival of a Day ISO. Specifically, the Exchange proposes to specify that the repricing event for resting orders under this Rule due to the arrival of a Day ISO to buy (sell) would occur only if the arriving Day ISO would result in at least a round lot being displayed as a new BB (BO). In other words, the arrival of the Day ISO must result in a new protected quotation at the Exchange before any resting orders are repriced. The Exchange also proposes to specify what would occur if the arriving Day ISO would not result in at least a round lot being displayed. When resting orders have been repriced under Rule 7.31P(a)(2)(C), if a Day ISO to buy (sell) arrives that would result in less than a round lot being displayed, the Exchange [[Page 9574]] proposes that such Day ISO also be assigned a display price one MPV below (above) the PBO (PBB) and a working price equal to the PBO (PBB). This proposed treatment of odd lot Day ISOs is similar to treatment of odd lots under Rule 7.38P(b)(1), however, the Exchange proposes that under Rule 7.31P(a)(2)(C), even if the PBBO is crossed, the arriving odd lot quantity of the Day ISO to buy (sell) be assigned a working price equal to the PBO (PBB) and not equal to the PBB (PBO). The Exchange proposes this difference from Rule 7.38P(b)(1) so that all orders repriced pursuant to Rule 7.31P(a)(2)(C), including arriving Day ISO odd lots, are treated similarly. Finally, the Exchange proposes to move the last sentence of Rule 7.31P(a)(2)(C), without change, to be the second sentence of that rule. 2. Statutory Basis The proposed rule change is consistent with Section 6(b) of the Securities Exchange Act of 1934 (the ``Act''),\4\ in general, and furthers the objectives of Section 6(b)(5),\5\ in particular, because it is designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in facilitating transactions in securities, to remove impediments to, and perfect the mechanism of, a free and open market and a national market system and, in general, to protect investors and the public interest. --------------------------------------------------------------------------- \4\ 15 U.S.C. 78f(b). \5\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- Specifically, the Exchange believes that the proposed rule change would remove impediments to and perfect the mechanism of a free and open market and a national market system by promoting transparency in Exchange rules by providing specificity regarding when resting orders would be repriced due to the arrival of a Day ISO. Specifically, the proposed rule change would specify that an arriving Day ISO needs to result in a round lot or more being displayed as a new Exchange BBO before resting orders would be repriced under Rule 7.31P(a)(2)(C). Rule 7.31P(a)(2)(C) already provides that resting orders would be repriced upon arrival of a Day ISO, and the amendment provides specificity that before resting orders may be repriced, the arrival of the Day ISO needs to result in a new protected quotation. The proposed rule change would further remove impediments to and perfect the mechanism of a free and open market and a national market system by specifying that if the arrival of the Day ISO to buy (sell) would not result in a round lot or more being displayed and thus would not result in a repricing event for resting orders, the Day ISO would instead be assigned a display price of one MPV below (above) the PBO (PBB) and a working price equal to the PBO (PBB). This proposed rule text is similar to Rule 7.38P(b)(1), which already provides that an arriving odd lot order to buy (sell) will be assigned a working price based on the PBBO. The Exchange proposes a difference for how an odd lot quantity of an arriving Day ISO would be priced under Rule 7.31P(a)(2)(C) as compared to Rule 7.38P(b)(1). Specifically, the Exchange believes that the proposed pricing of an arriving odd-lot sized Day ISO under Rule 7.31P(a)(2)(C) would remove impediments to and perfect the mechanism of a free and open market and a national market system because it would provide for a consistent manner for repricing orders under Rule 7.31P(a)(2)(C), regardless whether they were resting orders or arriving odd lot quantity of a Day ISO. Providing for different treatment of an arriving Day ISO that would result in the display of an odd-lot quantity is consistent with Regulation NMS, which permits exchanges to establish their own rules for the handling of odd lot orders.\6\ The Exchange believes that the proposed amendments would promote transparency in Exchange rules regarding the manner by which the Exchange reprices resting orders based on the arrival of a Day ISO. --------------------------------------------------------------------------- \6\ See Commission Division of Trading and Markets, Responses to Frequently Asked Questions Concerning Rule 611 and 610 of Regulation NMS, April 4, 2008 update, Question 7.03, available at https://www.sec.gov/divisions/marketreg/nmsfaq610-11.htm. --------------------------------------------------------------------------- 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 proposed change is not designed to address any competitive issue but rather to make amendments to Rule 7.31P(a)(2)(C) relating to repricing events due to the arrival of a Day ISO. 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 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 \7\ and Rule 19b-4(f)(6) thereunder.\8\ --------------------------------------------------------------------------- \7\ 15 U.S.C. 78s(b)(3)(A). \8\ 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 \9\ normally does not become operative for 30 days after the date of its filing. However, Rule 19b-4(f)(6)(iii) \10\ 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 it anticipates beginning the migration of symbols to Pillar on February 22, 2016. The Commission believes the waiver of the operative delay is consistent with the protection of investors and the public interest because it will permit the Exchange to amend Rule 7.31P(a)(2)(C) relating to the repricing of certain orders prior to the beginning of trading on Pillar. Therefore, the Commission hereby waives the operative delay and designates the proposal operative upon filing.\11\ --------------------------------------------------------------------------- \9\ 17 CFR 240.19b-4(f)(6). \10\ 17 CFR 240.19b-4(f)(6)(iii). \11\ For purposes only of waiving the 30-day operative delay, the Commission has also 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 to determine whether the proposed rule change should be approved or disapproved. [[Page 9575]] 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-NYSEArca-2016-34 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-NYSEArca-2016-34. 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-NYSEArca-2016-34, and should be submitted on or before March 17, 2016. --------------------------------------------------------------------------- \12\ 17 CFR 200.30-3(a)(12). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\12\ Brent J. Fields, Secretary. [FR Doc. 2016-03961 Filed 2-24-16; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 81, No. 37 / Thursday, February 25, 2016 / Notices 9573
arguments concerning the foregoing, SECURITIES AND EXCHANGE events that occur upon arrival of an
including whether the proposal is COMMISSION Intermarket Sweep Order designated
consistent with the Act. Comments may Day (‘‘Day ISO’’).
[Release No. 34–77197; File No. SR– Rule 7.31P(e)(3)(C) provides that a
be submitted by any of the following NYSEArca–2016–34]
methods: Day ISO, if marketable on arrival, will
Self-Regulatory Organizations; NYSE be immediately traded with contra-side
Electronic Comments interest in the NYSE Arca Book up to its
Arca, Inc.; Notice of Filing and
• Use the Commission’s Internet Immediate Effectiveness of Proposed full size and limit price and any
comment form (http://www.sec.gov/ Rule Change Amending Rule untraded quantity of a Day ISO will be
rules/sro.shtml); or 7.31P(a)(2)(C) Relating to Repricing displayed at its limit price and may lock
• Send an email to rule-comments@ Events or cross a protected quotation that was
sec.gov. Please include File Number SR– displayed at the time of arrival of the
February 19, 2016. Day ISO. Accordingly, under current
EDGX–2016–08 on the subject line.
Pursuant to Section 19(b)(1) 1 of the rules, on arrival, a Day ISO may be
Paper Comments Securities Exchange Act of 1934 (the displayed at a price that locks or crosses
‘‘Act’’),2 and Rule 19b–4 thereunder,3 a protected quotation.
• Send paper comments in triplicate Under Rule 7.36P(b)(3), if arrival of a
notice is hereby given that on February
to Secretary, Securities and Exchange Day ISO would result in less than a
19, 2016, NYSE Arca, Inc. (the
Commission, 100 F Street NE., ‘‘Exchange’’ or ‘‘NYSE Arca’’) filed with round lot being displayed, such order
Washington, DC 20549–1090. the Securities and Exchange would be displayed on the Exchange’s
All submissions should refer to File Commission (the ‘‘Commission’’) the proprietary data feeds, but it would not
Number SR–EDGX–2016–08. This file proposed rule change as described in be considered a new Exchange BBO or
number should be included on the Items I and II below, which Items have be considered a protected quotation. In
subject line if email is used. To help the been prepared by the self-regulatory addition, under Rule 7.38P(b)(1), the
Commission process and review your organization. The Commission is working price of an odd-lot quantity of
comments more efficiently, please use publishing this notice to solicit a Day ISO will depend on where the
only one method. The Commission will comments on the proposed rule change limit price is in relation to the PBBO,
post all comments on the Commission’s from interested persons. and whether the PBBO is crossed.
Internet Web site (http://www.sec.gov/ Separately, Rule 7.31P(a)(2)(C)
I. Self-Regulatory Organization’s describes how the Exchange re-prices
rules/sro.shtml). Copies of the
Statement of the Terms of Substance of resting orders to buy (sell) to avoid
submission, all subsequent
the Proposed Rule Change locking or crossing a protected
amendments, all written statements
with respect to the proposed rule The Exchange proposes to amend quotation of another market by
change that are filed with the Rule 7.31P(a)(2)(C) (Orders and assigning a display price one MPV
Commission, and all written Modifiers) relating to repricing events. below (above) the PBO (PBB) and a
communications relating to the The proposed rule change is available working price equal to the PBO (PBB).
proposed rule change between the on the Exchange’s Web site at The rule further specifies that ‘‘[i]f a Day
Commission and any person, other than www.nyse.com, at the principal office of ISO to buy (sell) arrives before the PBO
those that may be withheld from the the Exchange, and at the Commission’s (PBB) is updated, such re-priced Limit
public in accordance with the Public Reference Room. Order(s) to buy (sell) will be repriced to
provisions of 5 U.S.C. 552, will be the lower (higher) of the display price
II. Self-Regulatory Organization’s
available for Web site viewing and of the Day ISO or the original price of
Statement of the Purpose of, and
printing in the Commission’s Public the Limit Order(s).’’ Accordingly,
Statutory Basis for, the Proposed Rule
Reference Room, 100 F Street NE., current rules specify that arrival of a
Change
Washington, DC 20549, on official Day ISO results in a repricing event for
business days between the hours of In its filing with the Commission, the resting orders.
10:00 a.m. and 3:00 p.m. Copies of such self-regulatory organization included The Exchange proposes to amend
filing will also be available for statements concerning the purpose of, Rule 7.31P(a)(2)(C) to specify how
inspection and copying at the principal and basis for, the proposed rule change orders are repriced under that paragraph
office of the Exchange. All comments and discussed any comments it received due to the arrival of a Day ISO.
received will be posted without change; on the proposed rule change. The text Specifically, the Exchange proposes to
the Commission does not edit personal of those statements may be examined at specify that the repricing event for
identifying information from the places specified in Item IV below. resting orders under this Rule due to the
submissions. You should submit only The Exchange has prepared summaries, arrival of a Day ISO to buy (sell) would
information that you wish to make set forth in sections A, B, and C below, occur only if the arriving Day ISO
available publicly. All submissions of the most significant parts of such would result in at least a round lot being
should refer to File Number SR–EDGX– statements. displayed as a new BB (BO). In other
2016–08 and should be submitted on or A. Self-Regulatory Organization’s words, the arrival of the Day ISO must
before March 17, 2016. Statement of the Purpose of, and result in a new protected quotation at
Statutory Basis for, the Proposed Rule the Exchange before any resting orders
For the Commission, by the Division of are repriced.
Trading and Markets, pursuant to delegated Change
mstockstill on DSK4VPTVN1PROD with NOTICES
The Exchange also proposes to specify
authority.16
1. Purpose what would occur if the arriving Day
Brent J. Fields, ISO would not result in at least a round
The Exchange proposes to amend
Secretary. lot being displayed. When resting orders
Rule 7.31P(a)(2)(C) relating to repricing
[FR Doc. 2016–03949 Filed 2–24–16; 8:45 am] have been repriced under Rule
BILLING CODE 8011–01–P 1 15 U.S.C. 78s(b)(1). 7.31P(a)(2)(C), if a Day ISO to buy (sell)
2 15 U.S.C. 78a. arrives that would result in less than a
16 17 CFR 200.30–3(a)(12). 3 17 CFR 240.19b–4. round lot being displayed, the Exchange
VerDate Sep<11>2014 18:07 Feb 24, 2016 Jkt 238001 PO 00000 Frm 00155 Fmt 4703 Sfmt 4703 E:\FR\FM\25FEN1.SGM 25FEN1](https://thefederalregister.org/doc/81_FR_9610/page/1.svg)
![Federal Register / Vol. 81, No. 37 / Thursday, February 25, 2016 / Notices 9575
IV. Solicitation of Comments For the Commission, by the Division of received no comments on the proposed
Trading and Markets, pursuant to delegated rule change.
Interested persons are invited to authority.12 Section 19(b)(2) of the Act 6 provides
submit written data, views, and Brent J. Fields, that within 45 days of the publication of
arguments concerning the foregoing, Secretary. notice of the filing of a proposed rule
including whether the proposed rule [FR Doc. 2016–03961 Filed 2–24–16; 8:45 am] change, or within such longer period up
change is consistent with the Act. BILLING CODE 8011–01–P to 90 days as the Commission may
Comments may be submitted by any of designate if it finds such longer period
the following methods: to be appropriate and publishes its
SECURITIES AND EXCHANGE reasons for so finding, or as to which the
Electronic Comments COMMISSION self-regulatory organization consents,
• Use the Commission’s Internet [Release No. 34–77192; File No. SR–
the Commission shall either approve the
NASDAQ–2015–161] proposed rule change, disapprove the
comment form (http://www.sec.gov/
proposed rule change, or institute
rules/sro.shtml); or
Self-Regulatory Organizations; The proceedings to determine whether the
• Send an email to rule-comments@ NASDAQ Stock Market LLC; Notice of proposed rule change should be
sec.gov. Please include File Number SR– Designation of a Longer Period for disapproved. The 45th day after
NYSEArca–2016–34 on the subject line. Commission Action on Proposed Rule publication of the notice for this
Change, as Modified by Amendment proposed rule change is February 22,
Paper Comments
Nos. 1 and 2 Thereto, Relating to the 2016. The Commission is extending this
• Send paper comments in triplicate Listing and Trading of the Shares of 45-day time period.
to Brent J. Fields, Secretary, Securities the First Trust RiverFront Dynamic The Commission finds it appropriate
and Exchange Commission, 100 F Street Europe ETF, First Trust RiverFront to designate a longer period within
NE., Washington, DC 20549–1090. Dynamic Asia Pacific ETF, First Trust which to take action on the proposed
RiverFront Dynamic Emerging Markets rule change so that it has sufficient time
All submissions should refer to File ETF, and First Trust RiverFront to consider this proposed rule change.
Number SR–NYSEArca–2016–34. This Dynamic Developed International ETF Accordingly, the Commission, pursuant
file number should be included on the of First Trust Exchange-Traded Fund III to Section 19(b)(2) of the Act,7
subject line if email is used. To help the designates April 7, 2016, as the date by
February 19, 2016.
Commission process and review your which the Commission shall either
On December 22, 2015, The NASDAQ approve or disapprove, or institute
comments more efficiently, please use
Stock Market LLC (‘‘Exchange’’) filed proceedings to determine whether to
only one method. The Commission will with the Securities and Exchange
post all comments on the Commission’s disapprove, the proposed rule change
Commission (‘‘Commission’’), pursuant (File No. SR–NASDAQ–2015–161), as
Internet Web site (http://www.sec.gov/ to Section 19(b)(1) of the Securities
rules/sro.shtml). Copies of the modified by Amendment Nos. 1 and 2
Exchange Act of 1934 (‘‘Act’’) 1 and Rule thereto.
submission, all subsequent 19b–4 thereunder,2 a proposed rule
amendments, all written statements change to list and trade the shares of the For the Commission, by the Division of
with respect to the proposed rule First Trust RiverFront Dynamic Europe Trading and Markets, pursuant to delegated
authority.8
change that are filed with the ETF; First Trust RiverFront Dynamic
Commission, and all written Brent J. Fields,
Asia Pacific ETF; First Trust RiverFront
communications relating to the Dynamic Emerging Markets ETF; and Secretary.
proposed rule change between the First Trust RiverFront Dynamic [FR Doc. 2016–03952 Filed 2–24–16; 8:45 am]
Commission and any person, other than Developed International ETF BILLING CODE 8011–01–P
those that may be withheld from the (individually, ‘‘Fund,’’ and collectively,
public in accordance with the ‘‘Funds’’). The proposed rule change
provisions of 5 U.S.C. 552, will be was published for comment in the DEPARTMENT OF STATE
available for Web site viewing and Federal Register on January 8, 2016.3 [Public Notice: 9454]
printing in the Commission’s Public On January 8, 2016, the Exchange filed
Reference Room, 100 F Street NE., Amendment No. 1 to the proposed rule Notice of a Public Meeting
Washington, DC 20549 on official change.4 On February 18, 2016, the
Exchange filed Amendment No. 2 to the The Department of State will conduct
business days between the hours of an open meeting at 10:30 a.m. on
10:00 a.m. and 3:00 p.m. Copies of such proposed rule change.5 The Commission
Tuesday, March 22, 2016, at the
filing also will be available for 1 15 U.S.C. 78s(b)(1). headquarters of the Radio Technical
inspection and copying at the principal 2 17 CFR 240.19b–4. Commission for Maritime Service
office of the Exchange. All comments 3 See Securities Exchange Act Release No. 76817 (RTCM) in Suite 605, 1611 N. Kent
received will be posted without change; (January 4, 2016), 81 FR 978. Street, Arlington, Virginia 22209. The
4 In Amendment No. 1, the Exchange clarified the
the Commission does not edit personal primary purpose of the meeting is to
proposed rule change by providing additional
identifying information from information regarding the currencies, and
submissions. You should submit only instruments that provide exposure to such securities in which the Funds will invest, so that
currencies, in which each Fund will invest. they will apply on a continual basis. Amendment
information that you wish to make
mstockstill on DSK4VPTVN1PROD with NOTICES
Amendment No. 1 is not subject to notice and No. 2 is not subject to notice and comment because
available publicly. All submissions comment because it is a technical amendment that it does not materially alter the substance of the
should refer to File Number SR– does not materially alter the substance of the proposed rule change or raise any novel regulatory
NYSEArca–2016–34, and should be proposed rule change or raise any novel regulatory issues (Amendment No. 2 is available at: http://
issues (Amendment No. 1 is available at: http:// www.sec.gov/comments/sr-nasdaq-2015-161/
submitted on or before March 17, 2016. nasdaq2015161-2.pdf).
www.sec.gov/comments/sr-nasdaq-2015-161/
6 15 U.S.C. 78s(b)(2).
nasdaq2015161-1.pdf).
5 In Amendment No. 2, the Exchange expanded 7 15 U.S.C. 78s(b)(2).
12 17 CFR 200.30–3(a)(12). the application of certain criteria for the equity 8 17 CFR 200.30–3(a)(31).
VerDate Sep<11>2014 18:07 Feb 24, 2016 Jkt 238001 PO 00000 Frm 00157 Fmt 4703 Sfmt 4703 E:\FR\FM\25FEN1.SGM 25FEN1](https://thefederalregister.org/doc/81_FR_9610/page/3.svg)
Document Created: 2018-02-02 14:35:22
Document Modified: 2018-02-02 14:35:22
| 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 9573 |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR