82 FR 10947 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change Amending Its Listing Standards for Special Purpose Acquisition Companies

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 31 (February 16, 2017)

Page Range		10947-10947
FR Document		2017-03111

Federal Register, Volume 82 Issue 31 (Thursday, February 16, 2017)

[Federal Register Volume 82, Number 31 (Thursday, February 16, 2017)]
[Notices]
[Page 10947]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-03111]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-80022; File No. SR-NYSE-2016-72]


Self-Regulatory Organizations; New York Stock Exchange LLC; 
Notice of Designation of a Longer Period for Commission Action on 
Proposed Rule Change Amending Its Listing Standards for Special Purpose 
Acquisition Companies

February 10, 2017.
    On December 8, 2016, the New York Stock Exchange LLC (``NYSE'' or 
``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 its listing standards for Special Purpose 
Acquisition Companies (``SPAC'') to: (1) No longer require a 
shareholder vote and to refine existing procedures to affect business 
combination; and (2) adjust the quantitative requirements for initial 
and continued listing. The proposed rule change was published for 
comment in the Federal Register on December 29, 2016.\3\ The Commission 
received no comments on the proposal.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 79676 (December 22, 
2016), 81 FR 96150 (December 29, 2016) (``Notice'').
---------------------------------------------------------------------------

    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 February 12, 2017. The Commission is extending this 45-day time 
period.
    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 the proposal. Accordingly, the Commission, 
pursuant to Section 19(b)(2) of the Act,\5\ designates March 29, 2017, 
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-NYSE-2016-72).
---------------------------------------------------------------------------

    \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).
---------------------------------------------------------------------------

Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-03111 Filed 2-15-17; 8:45 am]
BILLING CODE 8011-01-P

Federal Register / Vol. 82, No. 31 / Thursday, February 16, 2017 / Notices 10947

Commission summarily may available publicly. All submissions disapproved. The 45th day after
temporarily suspend such rule change if should refer to File Number SR– publication of the notice for this
it appears to the Commission that such NASDAQ–2017–007, and should be proposed rule change is February 12,
action is: (i) Necessary or appropriate in submitted on or before March 9, 2017. 2017. The Commission is extending this
the public interest; (ii) for the protection For the Commission, by the Division of 45-day time period.
of investors; or (iii) otherwise in Trading and Markets, pursuant to delegated The Commission finds it appropriate
furtherance of the purposes of the Act. authority.18 to designate a longer period within
If the Commission takes such action, the Eduardo A. Aleman,
Commission shall institute proceedings which to take action on the proposed
Assistant Secretary. rule change so that it has sufficient time
to determine whether the proposed rule
[FR Doc. 2017–03105 Filed 2–15–17; 8:45 am] to consider the proposal. Accordingly,
should be approved or disapproved.
BILLING CODE 8011–01–P the Commission, pursuant to Section
IV. Solicitation of Comments 19(b)(2) of the Act,5 designates March
Interested persons are invited to 29, 2017, as the date by which the
submit written data, views, and SECURITIES AND EXCHANGE Commission shall either approve or
arguments concerning the foregoing, COMMISSION disapprove, or institute proceedings to
including whether the proposed rule [Release No. 34–80022; File No. SR–NYSE– determine whether to disapprove, the
change is consistent with the Act. 2016–72] proposed rule change (File No. SR–
Comments may be submitted by any of NYSE–2016–72).
the following methods: Self-Regulatory Organizations; New
York Stock Exchange LLC; Notice of For the Commission, by the Division of
Electronic Comments Designation of a Longer Period for Trading and Markets, pursuant to delegated
• Use the Commission’s Internet Commission Action on Proposed Rule authority.6
comment form (http://www.sec.gov/ Change Amending Its Listing Eduardo A. Aleman,
rules/sro.shtml); or Standards for Special Purpose Assistant Secretary.
• Send an email to rule-comments@ Acquisition Companies [FR Doc. 2017–03111 Filed 2–15–17; 8:45 am]
sec.gov. Please include File Number SR–
February 10, 2017. BILLING CODE 8011–01–P
NASDAQ–2017–007 on the subject line.
On December 8, 2016, the New York
Paper Comments Stock Exchange LLC (‘‘NYSE’’ or
• Send paper comments in triplicate ‘‘Exchange’’) filed with the Securities SECURITIES AND EXCHANGE
to Brent J. Fields, Secretary, Securities and Exchange Commission COMMISSION
and Exchange Commission, 100 F Street (‘‘Commission’’), pursuant to Section
NE., Washington, DC 20549–1090. 19(b)(1) of the Securities Exchange Act [Release No. 34–80018; File No. SR–NSX–
All submissions should refer to File of 1934 (‘‘Act’’) 1 and Rule 19b–4 2017–04]
Number SR–NASDAQ–2017–007. This thereunder,2 a proposed rule change to
file number should be included on the amend its listing standards for Special Self-Regulatory Organizations; NYSE
subject line if email is used. To help the Purpose Acquisition Companies National, Inc., Formerly National Stock
Commission process and review your (‘‘SPAC’’) to: (1) No longer require a Exchange, Inc.; Notice of Filing and
comments more efficiently, please use shareholder vote and to refine existing Immediate Effectiveness of Proposed
only one method. The Commission will procedures to affect business Rule Change Amending Rule 11.1,
post all comments on the Commission’s combination; and (2) adjust the Hours of Trading, Interpretations and
Internet Web site (http://www.sec.gov/ quantitative requirements for initial and Policies .01, To Cease Trading on the
rules/sro.shtml). Copies of the continued listing. The proposed rule Exchange’s System as of February 1,
submission, all subsequent change was published for comment in 2017
amendments, all written statements the Federal Register on December 29,
2016.3 The Commission received no February 10, 2017.
with respect to the proposed rule
change that are filed with the comments on the proposal. Pursuant to Section 19(b)(1) 1 of the
Commission, and all written Section 19(b)(2) of the Act 4 provides Securities Exchange Act of 1934 (the
communications relating to the that within 45 days of the publication of ‘‘Act’’) 2 and Rule 19b–4 thereunder,3
proposed rule change between the notice of the filing of a proposed rule notice is hereby given that on February
Commission and any person, other than change, or within such longer period up 1, 2017, NYSE National, Inc., formerly
those that may be withheld from the to 90 days as the Commission may National Stock Exchange, Inc. (‘‘NYSE
public in accordance with the designate if it finds such longer period National’’ or the ‘‘Exchange’’), filed with
provisions of 5 U.S.C. 552, will be to be appropriate and publishes its the Securities and Exchange
available for Web site viewing and reasons for so finding, or as to which the Commission (‘‘Commission’’) the
printing in the Commission’s Public self-regulatory organization consents, proposed rule change as described in
Reference Room, 100 F Street NE., the Commission shall either approve the Items I and II below, which Items have
Washington, DC 20549 on official proposed rule change, disapprove the been prepared by the self-regulatory
business days between the hours of proposed rule change, or institute organization. The Commission is
10:00 a.m. and 3:00 p.m. Copies of such proceedings to determine whether the
asabaliauskas on DSK3SPTVN1PROD with NOTICES

publishing this notice to solicit
filing also will be available for proposed rule change should be comments on the proposed rule change
inspection and copying at the principal from interested persons.
18 17 CFR 200.30–3(a)(12).
office of the Exchange. All comments
1 15 U.S.C. 78s(b)(1).
received will be posted without change; 2 17 CFR 240.19b–4. 5 Id.
the Commission does not edit personal 3 See Securities Exchange Act Release No. 79676 6 17 CFR 200.30–3(a)(31).
identifying information from (December 22, 2016), 81 FR 96150 (December 29, 1 15 U.S.C. 78s(b)(1).
submissions. You should submit only 2016) (‘‘Notice’’). 2 15 U.S.C. 78a.

information that you wish to make 4 15 U.S.C. 78s(b)(2). 3 17 CFR 240.19b–4.

VerDate Sep<11>2014 19:05 Feb 15, 2017 Jkt 241001 PO 00000 Frm 00077 Fmt 4703 Sfmt 4703 E:\FR\FM\16FEN1.SGM 16FEN1

Document Created: 2018-02-01 15:02:13
Document Modified: 2018-02-01 15:02:13

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		82 FR 10947