82_FR_14832 82 FR 14778 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change Relating to the Listing and Trading of Shares of the Direxion Daily Crude Oil Bull 3x Shares and Direxion Daily Crude Oil Bear 3x Shares Under NYSE Arca Equities Rule 8.200

82 FR 14778 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change Relating to the Listing and Trading of Shares of the Direxion Daily Crude Oil Bull 3x Shares and Direxion Daily Crude Oil Bear 3x Shares Under NYSE Arca Equities Rule 8.200

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 54 (March 22, 2017)

Page Range14778-14779
FR Document2017-05609

Federal Register, Volume 82 Issue 54 (Wednesday, March 22, 2017) 
[Federal Register Volume 82, Number 54 (Wednesday, March 22, 2017)]
[Notices]
[Pages 14778-14779]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-05609]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-80265; File No. SR-NYSEArca-2017-05]


Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change Relating to the Listing and Trading of Shares of the Direxion 
Daily Crude Oil Bull 3x Shares and Direxion Daily Crude Oil Bear 3x 
Shares Under NYSE Arca Equities Rule 8.200

March 16, 2017.
    On January 23, 2017, 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 list and trade 
shares of the Direxion Daily Crude Oil Bull 3x Shares and Direxion 
Daily Crude Oil Bear 3x Shares under NYSE Arca Equities Rule 8.200. The 
proposed rule change was published for comment in the Federal Register 
on February 7, 2017.\3\ The Commission received no comments on the 
proposed rule change.
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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. 79916 (February 1, 
2017), 82 FR 9608.
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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 
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 the proposed rule change. Accordingly, the 
Commission, pursuant to Section 19(b)(2) of the Act,\5\ designates May 
8, 2017 as the date by which the Commission should either approve or 
disapprove, or institute proceedings to determine whether to 
disapprove, the proposed rule change (File No. SR-NYSEArca-2017-05).
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    \5\ 15 U.S.C. 78s(b)(2).


[[Page 14779]]


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    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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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-05609 Filed 3-21-17; 8:45 am]
 BILLING CODE 8011-01-P

14778 Federal Register / Vol. 82, No. 54 / Wednesday, March 22, 2017 / Notices 19(b)(3)(A)(iii) of the Act 11 and Paper Comments SECURITIES AND EXCHANGE subparagraph (f)(6) of Rule 19b–4 COMMISSION thereunder.12 • Send paper comments in triplicate to Secretary, Securities and Exchange A proposed rule change filed under Commission, 100 F Street NE., [Release No. 34–80265; File No. SR– Rule 19b–4(f)(6) normally does not NYSEArca–2017–05] Washington, DC 20549–1090. become operative prior to 30 days after the date of filing.13 Rule 19b–4(f)(6)(iii), All submissions should refer to File Self-Regulatory Organizations; NYSE however, permits the Commission to Number SR–NYSEArca–2017–28. This Arca, Inc.; Notice of Designation of a designate a shorter time if such action file number should be included on the Longer Period for Commission Action is consistent with the protection of on a Proposed Rule Change Relating subject line if email is used. To help the investors and the public interest.14 to the Listing and Trading of Shares of Commission process and review your the Direxion Daily Crude Oil Bull 3x The Exchange has requested that the comments more efficiently, please use Shares and Direxion Daily Crude Oil Commission waive the 30-day operative only one method. The Commission will Bear 3x Shares Under NYSE Arca delay. The Exchange asserts that the post all comments on the Commission’s Equities Rule 8.200 proposed rule change does not present Internet Web site (http://www.sec.gov/ any new, unique, or substantive issues rules/sro.shtml). Copies of the March 16, 2017. and that the proposal is substantially submission, all subsequent On January 23, 2017, NYSE Arca, Inc. similar to a program in place at Bats amendments, all written statements (‘‘Exchange’’) filed with the Securities BZX Exchange, Inc.15 Based on the with respect to the proposed rule and Exchange Commission foregoing, the Commission believes that change that are filed with the (‘‘Commission’’), pursuant to Section it is consistent with the protection of Commission, and all written 19(b)(1) of the Securities Exchange Act investors and the public interest to communications relating to the of 1934 (‘‘Act’’) 1 and Rule 19b–4 waive the 30-day operative delay so that proposed rule change between the thereunder,2 a proposed rule change to the proposal may take effect upon Commission and any person, other than list and trade shares of the Direxion filing.16 At any time within 60 days of those that may be withheld from the Daily Crude Oil Bull 3x Shares and the filing of such proposed rule change, public in accordance with the Direxion Daily Crude Oil Bear 3x Shares the Commission summarily may under NYSE Arca Equities Rule 8.200. provisions of 5 U.S.C. 552, will be temporarily suspend such rule change if The proposed rule change was available for Web site viewing and it appears to the Commission that such published for comment in the Federal printing in the Commission’s Public action is necessary or appropriate in the Register on February 7, 2017.3 The Reference Room, 100 F Street NE., Commission received no comments on public interest, for the protection of Washington, DC 20549, on official investors, or otherwise in furtherance of the proposed rule change. business days between the hours of Section 19(b)(2) of the Act 4 provides the purposes of the Act. 10:00 a.m. and 3:00 p.m. Copies of the that, within 45 days of the publication IV. Solicitation of Comments filing also will be available for of notice of the filing of a proposed rule inspection and copying at the principal change, or within such longer period up Interested persons are invited to office of the Exchange. All comments to 90 days as the Commission may submit written data, views, and received will be posted without change; designate if it finds such longer period arguments concerning the foregoing, the Commission does not edit personal to be appropriate and publishes its including whether the proposed rule identifying information from reasons for so finding or as to which the change is consistent with the Act. submissions. You should submit only self-regulatory organization consents, Comments may be submitted by any of information that you wish to make the Commission shall either approve the the following methods: available publicly. All submissions proposed rule change, disapprove the Electronic Comments should refer to File Number SR– proposed rule change, or institute NYSEArca–2017–28, and should be proceedings to determine whether the • Use the Commission’s Internet submitted on or before April 12, 2017. proposed rule change should be comment form (http://www.sec.gov/ disapproved. The Commission is rules/sro.shtml); or For the Commission, by the Division of extending this 45-day time period. Trading and Markets, pursuant to delegated • Send an email to rule-comments@ The Commission finds it appropriate authority.17 sec.gov. Please include File Number SR– to designate a longer period within Eduardo A. Aleman, which to take action on the proposed NYSEArca–2017–28 on the subject line. Assistant Secretary. rule change so that it has sufficient time 11 15 U.S.C. 78s(b)(3)(a)(iii). [FR Doc. 2017–05605 Filed 3–21–17; 8:45 am] to consider the proposed rule change. 12 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– BILLING CODE 8011–01–P Accordingly, the Commission, pursuant 4(f)(6) requires a self-regulatory organization to give to Section 19(b)(2) of the Act,5 the Commission written notice of its intent to file designates May 8, 2017 as the date by the proposed rule change at least five business days which the Commission should either prior to the date of filing of the proposed rule change, or such shorter time as designated by the approve or disapprove, or institute Commission. The Commission has waived the pre- proceedings to determine whether to asabaliauskas on DSK3SPTVN1PROD with NOTICES filing requirement. disapprove, the proposed rule change 13 17 CFR 240.19b–4(f)(6)(iii). (File No. SR–NYSEArca–2017–05). 14 Id. 15 See Securities Exchange Act Release No. 77846 1 15 U.S.C. 78s(b)(1). (May 17, 2016), 81 FR 32356 (May 23, 2016) (SR– 2 17 CFR 240.19b–4. BatsBZX–2016–018). 16 For purposes only of waiving the 30-day 3 See Securities Exchange Act Release No. 79916 operative delay, the Commission has considered the (February 1, 2017), 82 FR 9608. 4 15 U.S.C. 78s(b)(2). proposed rule’s impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). 17 17 CFR 200.30–3(a)(12). 5 15 U.S.C. 78s(b)(2). VerDate Sep<11>2014 18:14 Mar 21, 2017 Jkt 241001 PO 00000 Frm 00106 Fmt 4703 Sfmt 4703 E:\FR\FM\22MRN1.SGM 22MRN1

Federal Register / Vol. 82, No. 54 / Wednesday, March 22, 2017 / Notices 14779 For the Commission, by the Division of to Section 19(b)(2) of the Act,5 II. Self-Regulatory Organization’s Trading and Markets, pursuant to delegated designates May 9, 2017, as the date by Statement of the Purpose of, and authority.6 which the Commission shall either Statutory Basis for, the Proposed Rule Eduardo A. Aleman, approve or disapprove, or institute Change Assistant Secretary. proceedings to determine whether to In its filing with the Commission, the [FR Doc. 2017–05609 Filed 3–21–17; 8:45 am] disapprove, the proposed rule change self-regulatory organization included BILLING CODE 8011–01–P (File No. SR–IEX–2017–03). statements concerning the purpose of, For the Commission, by the Division of and basis for, the proposed rule change Trading and Markets, pursuant to delegated and discussed any comments it received SECURITIES AND EXCHANGE on the proposed rule change. The text COMMISSION authority.6 of those statements may be examined at Eduardo A. Aleman, [Release No. 34–80257; File No. SR–IEX– the places specified in Item IV below. Assistant Secretary. The Exchange has prepared summaries, 2017–03] [FR Doc. 2017–05604 Filed 3–21–17; 8:45 am] set forth in sections A, B, and C below, Self-Regulatory Organizations; BILLING CODE 8011–01–P of the most significant parts of such Investors Exchange LLC; Notice of statements. Designation of a Longer Period for A. Self-Regulatory Organization’s Commission Action on Proposed Rule SECURITIES AND EXCHANGE Statement of the Purpose of, and the Change To Amend IEX Rule 16.135 To COMMISSION Statutory Basis for, the Proposed Rule Adopt Generic Listing Standards for Change Managed Fund Shares [Release No. 34–80262; File No. SR– NYSEMKT–2017–15] 1. Purpose March 16, 2017. On January 19, 2017, Investors The purpose of this filing is to modify Self-Regulatory Organizations; NYSE the Fee Schedule to: Exchange LLC (‘‘IEX’’) filed with the MKT LLC; Notice of Filing and (i) Provide Order Flow Providers Securities and Exchange Commission Immediate Effectiveness of Proposed (each an ‘‘OFP’’) that achieve certain (‘‘Commission’’), pursuant to Section Change Modifying the NYSE Amex tiers of the Amex Customer 19(b)(1) of the Securities Exchange Act Options Fee Schedule Enhancement (‘‘ACE’’) Program the of 1934 (‘‘Act’’) 1 and Rule 19b–4 opportunity to receive an additional thereunder,2 a proposed rule change to March 16, 2017. credit for Customer Complex Orders; amend IEX Rule 16.135 to adopt generic and listing standards for Managed Fund Pursuant to Section 19(b)(1) 1 of the Securities Exchange Act of 1934 (the (ii) establish a surcharge on any Shares. The proposed rule change was Electronic non-Customer Complex published for comment in the Federal ‘‘Act’’) 2 and Rule 19b–4 thereunder,3 notice is hereby given that, on March 9, Order that executes against a Customer Register on February 8, 2017.3 The Complex Order. Commission has received no comments 2017, NYSE MKT LLC (the ‘‘Exchange’’ The ACE Program features five tiers, on the proposal. or ‘‘NYSE MKT’’) filed with the expressed as a percentage of total Section 19(b)(2) of the Act 4 provides Securities and Exchange Commission industry Customer equity and Exchange that within 45 days of the publication of (the ‘‘Commission’’) the proposed rule Traded Fund option average daily notice of the filing of a proposed rule change as described in Items I, II, and volume (‘‘TCADV’’) 4 and provides two change, or within such longer period up III below, which Items have been alternative methods for OFPs to receive to 90 days as the Commission may prepared by the self-regulatory per contract credits for Electronic designate if it finds such longer period organization. The Commission is Customer volume that the OFP, as agent, to be appropriate and publishes its publishing this notice to solicit submits to the Exchange.5 Currently, the reasons for so finding, or as to which the comments on the proposed rule change Exchange incents OFPs to achieve Tier self-regulatory organization consents, from interested persons. 2 of the ACE Program by offering an the Commission shall either approve the $0.18 per contract credit on Electronic proposed rule change, disapprove the I. Self-Regulatory Organization’s Customer volume or a slightly higher proposed rule change, or institute Statement of the Terms of Substance of credit of $0.19 per contract on Customer proceedings to determine whether the the Proposed Rule Change Complex Orders.6 proposed rule change should be The Exchange proposes to offer OFPs disapproved. The 45th day after The Exchange proposes to modify the that achieve Tier 4 or 5 of the ACE publication of the notice for this NYSE Amex Options Fee Schedule Program a credit of $0.25 per contract, proposed rule change is March 25, 2017. (‘‘Fee Schedule’’). The Exchange per leg for Electronic executions of The Commission is extending this 45- proposes to implement the fee change day time period. effective March 9, 2017. The proposed 4 The volume thresholds are based on an OFP’s The Commission finds it appropriate change is available on the Exchange’s Customer volume transacted Electronically as a to designate a longer period within Web site at www.nyse.com, at the percentage of total industry TCADV as reported by the Options Clearing Corporation (the ‘‘OCC’’). See which to take action on the proposed principal office of the Exchange, and at OCC Monthly Statistics Reports, available here, rule change so that it has sufficient time the Commission’s Public Reference http://www.theocc.com/webapps/monthly-volume- asabaliauskas on DSK3SPTVN1PROD with NOTICES to consider this proposed rule change. Room. reports. 5 See Fee Schedule, Section I. E. (Amex Customer Accordingly, the Commission, pursuant Engagement (‘‘ACE’’) Program—Standard Options), 6 17 available here, https://www.nyse.com/publicdocs/ CFR 200.30–3(a)(31). 5 Id. nyse/markets/amex-options/NYSE_Amex_Options_ 1 15 U.S.C. 78s(b)(1). 6 17 Fee_Schedule.pdf. 2 17 CFR 240.19b–4. CFR 200.30–3(a)(31). 6 See id. at n.1. The Exchange proposes to correct 1 15 U.S.C. 78s(b)(1). 3 See Securities Exchange Act Release No. 79940 a typographical error by capitalizing the defined 2 15 U.S.C. 78a. (February 2, 2017), 82 FR 9858. term Electronic as it is used in note 1 to Section 4 15 U.S.C. 78s(b)(2). 3 17 CFR 240.19b–4. I.E. See proposed Fee Schedule, Section I. E., n. 1. VerDate Sep<11>2014 18:14 Mar 21, 2017 Jkt 241001 PO 00000 Frm 00107 Fmt 4703 Sfmt 4703 E:\FR\FM\22MRN1.SGM 22MRN1


Document Created: 2017-03-22 03:58:40
Document Modified: 2017-03-22 03:58:40
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 Citation82 FR 14778 
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