81 FR 987 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change To Adopt Generic Listing Standards for Managed Fund Shares
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 81, Issue 5 (January 8, 2016)
Federal Register Volume 81, Issue 5 (January 8, 2016)
| Page Range | 987-987 | |
| FR Document | 2016-00104 |
[Federal Register Volume 81, Number 5 (Friday, January 8, 2016)] [Notices] [Page 987] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-00104] [[Page 987]] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-76819; File No. SR-NYSEArca-2015-110] Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change To Adopt Generic Listing Standards for Managed Fund Shares January 4, 2016. On November 6, 2015, NYSE Arca, Inc. (``Exchange'') 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 8.600 and to adopt generic listing standards for Managed Fund Shares. The proposed rule change was published for comment in the Federal Register on November 27, 2015.\3\ On November 23, 2015, the Exchange filed Amendment No. 1 to the proposed rule change, which replaced and superseded the original proposal in its entirety. The Commission has received one comment letter on the proposal.\4\ --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. \3\ See Securities Exchange Act Release No. 76486 (Nov. 20, 2015), 80 FR 74169. \4\ See Letter from Rob Ivanoff to the Commission dated Nov. 22, 2015. All comments on the proposed rule change are available on the Commission's Web site at: http://www.sec.gov/comments/sr-nysearca-2015-110/nysearca2015110.shtml. --------------------------------------------------------------------------- Section 19(b)(2) of the Act \5\ 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 January 11, 2016. The Commission is extending this 45-day time period. --------------------------------------------------------------------------- \5\ 15 U.S.C. 78s(b)(2). --------------------------------------------------------------------------- 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,\6\ designates February 25, 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-2015-110). --------------------------------------------------------------------------- \6\ Id. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\7\ --------------------------------------------------------------------------- \7\ 17 CFR 200.30-3(a)(31). --------------------------------------------------------------------------- Robert W. Errett, Deputy Secretary. [FR Doc. 2016-00104 Filed 1-7-16; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 81, No. 5 / Friday, January 8, 2016 / Notices 987
SECURITIES AND EXCHANGE designates February 25, 2016, as the adopt a new tier called the Investor
COMMISSION date by which the Commission shall Depth Tier under footnote 1.
either approve or disapprove, or The text of the proposed rule change
[Release No. 34–76819; File No. SR–
institute proceedings to determine is available at the Exchange’s Web site
NYSEArca–2015–110]
whether to disapprove, the proposed at www.batstrading.com, at the
Self-Regulatory Organizations; NYSE rule change (File No. SR–NYSEArca– principal office of the Exchange, and at
Arca, Inc.; Notice of Designation of a 2015–110). the Commission’s Public Reference
Longer Period for Commission Action For the Commission, by the Division of Room.
on Proposed Rule Change To Adopt Trading and Markets, pursuant to delegated
authority.7 II. Self-Regulatory Organization’s
Generic Listing Standards for Managed
Robert W. Errett, Statement of the Purpose of, and
Fund Shares
Deputy Secretary. Statutory Basis for, the Proposed Rule
January 4, 2016. Change
[FR Doc. 2016–00104 Filed 1–7–16; 8:45 am]
On November 6, 2015, NYSE Arca,
Inc. (‘‘Exchange’’) filed with the
BILLING CODE 8011–01–P In its filing with the Commission, the
Securities and Exchange Commission Exchange included statements
(‘‘Commission’’), pursuant to section concerning the purpose of and basis for
SECURITIES AND EXCHANGE the proposed rule change and discussed
19(b)(1) of the Securities Exchange Act COMMISSION
of 1934 (‘‘Act’’) 1 and Rule 19b–4 any comments it received on the
thereunder,2 a proposed rule change to [Release No. 34–76816; File No. SR–EDGX– proposed rule change. The text of these
amend NYSE Arca Equities Rule 8.600 2015–67] statements may be examined at the
and to adopt generic listing standards places specified in Item IV below. The
Self-Regulatory Organizations; EDGX Exchange has prepared summaries, set
for Managed Fund Shares. The proposed Exchange, Inc.; Notice of Filing and
rule change was published for comment forth in Sections A, B, and C below, of
Immediate Effectiveness of a Proposed the most significant parts of such
in the Federal Register on November 27, Rule Change Related to Fees for Use
2015.3 On November 23, 2015, the statements.
of EDGX Exchange, Inc.
Exchange filed Amendment No. 1 to the A. Self-Regulatory Organization’s
proposed rule change, which replaced January 4, 2016. Statement of the Purpose of, and
and superseded the original proposal in Pursuant to Section 19(b)(1) of the Statutory Basis for, the Proposed Rule
its entirety. The Commission has Securities Exchange Act of 1934 (the Change
received one comment letter on the ‘‘Act’’),1 and Rule 19b–4 thereunder,2
proposal.4 notice is hereby given that on December 1. Purpose
Section 19(b)(2) of the Act 5 provides 22, 2015, EDGX Exchange, Inc. (the Currently, the Exchange determines
that within 45 days of the publication of ‘‘Exchange’’ or ‘‘EDGX’’) filed with the the liquidity adding rebate that it will
notice of the filing of a proposed rule Securities and Exchange Commission provide to Members using the
change, or within such longer period up (‘‘Commission’’) the proposed rule Exchange’s tiered pricing structure.
to 90 days as the Commission may change as described in Items I, II, and Under such pricing structure, a Member
designate if it finds such longer period III below, which Items have been will receive a rebate of anywhere
to be appropriate and publishes its prepared by the Exchange. The between $0.0025 and $0.0035 per share
reasons for so finding, or as to which the Exchange has designated the proposed executed, depending on the volume tier
self-regulatory organization consents, rule change as one establishing or for which such Member qualifies. The
the Commission shall either approve the changing a member due, fee, or other Exchange proposes to adopt a new tier
proposed rule change, disapprove the charge imposed by the Exchange under
called the Investor Depth Tier under
proposed rule change, or institute Section 19(b)(3)(A)(ii) of the Act 3 and
footnote 1 of the Fee Schedule.
proceedings to determine whether the Rule 19b–4(f)(2) thereunder,4 which
Members who would qualify for the
proposed rule change should be renders the proposed rule change
Investor Depth Tier would receive a
disapproved. The 45th day after effective upon filing with the
rebate of $0.0033 per share where they:
publication of the notice for this Commission. The Commission is
(i) Add an ADV 6 of at least 0.15% of the
proposed rule change is January 11, publishing this notice to solicit
TCV; 7 (ii) have an ‘‘added liquidity’’ as
2016. The Commission is extending this comments on the proposed rule change
a percentage of ‘‘added plus removed
45-day time period. from interested persons.
liquidity’’ of at least 85%; and (3) add
The Commission finds it appropriate I. Self-Regulatory Organization’s an ADV of at least 500,000 share as Non-
to designate a longer period within Statement of the Terms of Substance of displayed 8 orders that yield fee code
which to take action on the proposed the Proposed Rule Change HA.9 The Exchange proposes to
rule change so that it has sufficient time implement this amendment to its Fee
to consider this proposed rule change. The Exchange filed a proposal to
amend the fee schedule applicable to Schedule on January 4, 2016.10
Accordingly, the Commission, pursuant
to section 19(b)(2) of the Act,6 Members 5 and non-members of the
6 As defined in the Exchange’s Fee Schedule
Exchange pursuant to EDGX Rules
available at http://batstrading.com/support/
1 15 U.S.C. 78s(b)(1). 15.1(a) and (c) (‘‘Fee Schedule’’) to fee_schedule/edgx/.
2 17 CFR 240.19b–4. 7 Id.
mstockstill on DSK4VPTVN1PROD with NOTICES6
3 See Securities Exchange Act Release No. 76486 6 Id.
8 See Exchange Rule 11.6(e)(2).
7 17 CFR 200.30–3(a)(31).
(Nov. 20, 2015), 80 FR 74169. 9 Fee code HA is appended to Non-displayed
4 See Letter from Rob Ivanoff to the Commission 1 15 U.S.C. 78s(b)(1). orders that add liquidity on the Exchange. See the
dated Nov. 22, 2015. All comments on the proposed 2 17 CFR 240.19b–4.
Exchange’s Fee Schedule available at http://
rule change are available on the Commission’s Web 3 15 U.S.C. 78s(b)(3)(A)(ii). batstrading.com/support/fee_schedule/edgx/.
site at: http://www.sec.gov/comments/sr-nysearca- 4 17 CFR 240.19b–4(f)(2). 10 The Exchange notes that the Fee Schedule’s
2015-110/nysearca2015110.shtml. 5 The term ‘‘Member’’ is defined as ‘‘any date was amended to January 4, 2016 in file no. SR–
5 15 U.S.C. 78s(b)(2).
registered broker or dealer that has been admitted EDGX–2015–62. See Securities Exchange Act
6 Id. Release No. 76713 (December 21, 2015).
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Document Created: 2016-01-16 01:14:30
Document Modified: 2016-01-16 01:14:30
| 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 987 |
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