82_FR_2431 82 FR 2426 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change Relating to the Listing and Trading of Shares of SolidX Bitcoin Trust Under NYSE Arca Equities Rule 8.201

82 FR 2426 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change Relating to the Listing and Trading of Shares of SolidX Bitcoin Trust Under NYSE Arca Equities Rule 8.201

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 5 (January 9, 2017)

Page Range2426-2426
FR Document2017-00102

Federal Register, Volume 82 Issue 5 (Monday, January 9, 2017) 
[Federal Register Volume 82, Number 5 (Monday, January 9, 2017)]
[Notices]
[Page 2426]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-00102]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-79726; File No. SR-NYSEArca-2016-101]


Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of 
Designation of a Longer Period for Commission Action on Proceedings To 
Determine Whether To Approve or Disapprove a Proposed Rule Change 
Relating to the Listing and Trading of Shares of SolidX Bitcoin Trust 
Under NYSE Arca Equities Rule 8.201

January 3, 2017.
    On July 13, 2016, NYSE Arca, Inc. 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 
SolidX Bitcoin Trust under NYSE Arca Equities Rule 8.201. The proposed 
rule change was published for comment in the Federal Register on August 
2, 2016.\3\
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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. 78426 (Jul. 27, 
2016), 81 FR 50763 (Aug. 2, 2016).
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    On September 6, 2016, pursuant to Section 19(b)(2) of the Act,\4\ 
the Commission designated a longer period within which to approve the 
proposed rule change, disapprove the proposed rule change, or institute 
proceedings to determine whether to disapprove the proposed rule 
change.\5\ On October 27, 2016, the Commission instituted proceedings 
to determine whether to approve or disapprove the proposed rule 
change.\6\ The Commission has received seven comments on the proposed 
rule change.\7\
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    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 78770, 81 FR 62780 
(Sept. 12, 2016).
    \6\ See Securities Exchange Act Release No. 79171, 81 FR 76400 
(Nov. 2, 2016). Specifically, the Commission instituted proceedings 
to allow for additional analysis of the proposed rule change's 
consistency with Section 6(b)(5) of the Act, which requires, among 
other things, that the rules of a national securities exchange be 
``designed to prevent fraudulent and manipulative acts and 
practices, to promote just and equitable principles of trade,'' and 
``to protect investors and the public interest.'' See id. at 76401.
    \7\ See Letters from Daniel H. Gallancy, CFA, SolidX Management 
LLP (Nov. 23, 2016); Thaya B. Knight, Associate Director, Financial 
Regulation Studies, The Cato Institute (Dec. 1, 2016); Jerry Brito, 
Executive Director, Coin Center (Dec. 7, 2016); Joseph Colangelo, 
President, Consumers' Research (Dec. 7, 2016); Denise Krisko, CFA, 
President and Co-Founder, Vident Investment Advisory, LLC (Dec. 7, 
2016); Balaji Srinivasan, Chief Executive Officer & Cofounder, 21, 
et al. (Dec. 7, 2016); and Ken I. Maher (Dec. 8, 2016). All comments 
on the proposed rule change are available on the Commission's Web 
site at: https://www.sec.gov/comments/sr-nysearca-2016-101/nysearca2016101.shtml.
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    Section 19(b)(2) of the Act \8\ provides that, after initiating 
disapproval proceedings, the Commission shall issue an order approving 
or disapproving the proposed rule change not later than 180 days after 
the date of publication of notice of filing of the proposed rule 
change. The Commission may extend the period for issuing an order 
approving or disapproving the proposed rule change by not more than 60 
days if the Commission determines that a longer period is appropriate 
and publishes the reasons for such determination. The proposed rule 
change was published for notice and comment in the Federal Register on 
August 2, 2016. January 29, 2017 is 180 days from that date, and March 
30, 2017 is 240 days from that date.
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    \8\ 15 U.S.C. 78s(b)(2).
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    The Commission finds it appropriate to designate a longer period 
within which to issue an order approving or disapproving 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,\9\ designates March 30, 2017 as the date by which the 
Commission should either approve or disapprove the proposed rule change 
(File No. SR-NYSEArca-2016-101).
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    \9\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\10\
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    \10\ 17 CFR 200.30-3(a)(57).

Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-00102 Filed 1-6-17; 8:45 am]
BILLING CODE 8011-01-P

2426 Federal Register / Vol. 82, No. 5 / Monday, January 9, 2017 / Notices Federal Register on November 3, 2016.8 For the Commission, by the Division of Section 19(b)(2) of the Act 8 provides The Commission has received 30 Trading and Markets, pursuant to delegated that, after initiating disapproval comment letters on the proposed rule authority.12 proceedings, the Commission shall issue change.9 Eduardo A. Aleman, an order approving or disapproving the Assistant Secretary. proposed rule change not later than 180 Section 19(b)(2) of the Act 10 provides [FR Doc. 2017–00101 Filed 1–6–17; 8:45 am] days after the date of publication of that, after initiating disapproval proceedings, the Commission shall issue BILLING CODE 8011–01–P notice of filing of the proposed rule an order approving or disapproving the change. The Commission may extend proposed rule change not later than 180 the period for issuing an order SECURITIES AND EXCHANGE approving or disapproving the proposed days after the date of publication of COMMISSION notice of filing of the proposed rule rule change by not more than 60 days change. The Commission may extend [Release No. 34–79726; File No. SR– if the Commission determines that a NYSEArca–2016–101] longer period is appropriate and the period for issuing an order approving or disapproving the proposed publishes the reasons for such Self-Regulatory Organizations; NYSE rule change by not more than 60 days determination. The proposed rule Arca, Inc.; Notice of Designation of a if the Commission determines that a change was published for notice and Longer Period for Commission Action longer period is appropriate and on Proceedings To Determine Whether comment in the Federal Register on publishes the reasons for such To Approve or Disapprove a Proposed August 2, 2016. January 29, 2017 is 180 determination. The proposed rule Rule Change Relating to the Listing days from that date, and March 30, 2017 change was published for notice and and Trading of Shares of SolidX is 240 days from that date. comment in the Federal Register on July Bitcoin Trust Under NYSE Arca The Commission finds it appropriate 14, 2016. January 10, 2017 is 180 days Equities Rule 8.201 to designate a longer period within from that date, and March 11, 2017 is which to issue an order approving or January 3, 2017. 240 days from that date. disapproving the proposed rule change On July 13, 2016, NYSE Arca, Inc. The Commission finds it appropriate filed with the Securities and Exchange so that it has sufficient time to consider to designate a longer period within Commission (‘‘Commission’’), pursuant this proposed rule change. Accordingly, which to issue an order approving or to Section 19(b)(1) of the Securities the Commission, pursuant to Section disapproving the proposed rule change Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19(b)(2) of the Act,9 designates March so that it has sufficient time to consider 19b–4 thereunder,2 a proposed rule 30, 2017 as the date by which the this proposed rule change. Accordingly, change to list and trade shares of the Commission should either approve or the Commission, pursuant to Section SolidX Bitcoin Trust under NYSE Arca disapprove the proposed rule change 19(b)(2) of the Act,11 designates March Equities Rule 8.201. The proposed rule (File No. SR–NYSEArca–2016–101). 11, 2017 as the date by which the change was published for comment in For the Commission, by the Division of Commission should either approve or the Federal Register on August 2, 2016.3 Trading and Markets, pursuant to delegated disapprove the proposed rule change On September 6, 2016, pursuant to authority.10 (File No. SR–BatsBZX–2016–30), as Section 19(b)(2) of the Act,4 the Commission designated a longer period Eduardo A. Aleman, modified by Amendment No. 1. Assistant Secretary. within which to approve the proposed 8 See rule change, disapprove the proposed [FR Doc. 2017–00102 Filed 1–6–17; 8:45 am] Securities Exchange Act Release No. 79183 (Oct. 28, 2016), 81 FR 76650 (Nov. 3, 2016). rule change, or institute proceedings to BILLING CODE 8011–01–P 9 See Letters from Robert D. Miller, VP Technical determine whether to disapprove the Services, RKL eSolutions (July 11, 2016); Jorge proposed rule change.5 On October 27, Stolfi, Full Professor, Institute of Computing 2016, the Commission instituted UNICAMP (July 13, 2016); Guillaume Lethuillier proceedings to determine whether to (July 26, 2016); Michael B. Casey (July 31, 2016); approve or disapprove the proposed Erik A. Aronesty, Sr. Software Engineer, Bloomberg LP (Aug. 2, 2016); Dan Anderson (Aug. 27, 2016); rule change.6 The Commission has Robert Miller (Oct. 12, 2016); Lysle Shaw-McMinn, received seven comments on the O.D. (Oct. 13, 2016); Nils Neidhardt (Oct. 13, 2016); proposed rule change.7 Dana K. Barish (2 letters; Oct. 13, 2016); Xin Lu (Oct. 13, 2016); Rodger Delehanty CFA (Oct. 14, 12 17 CFR 200.30–3(a)(57). 2016); Dylan (Oct. 14, 2016); Dana K. Barish (Oct. 1 15 U.S.C. 78s(b)(1). 14, 2016); Dana K. Barish (2 letters; Oct. 15, 2016); 2 17 CFR 240.19b–4. Jorge Stolfi, Full Professor, Institute of Computing 3 See Securities Exchange Act Release No. 78426 UNICAMP (Nov. 1, 2016); Michael B. Casey (Nov. Knight, Associate Director, Financial Regulation (Jul. 27, 2016), 81 FR 50763 (Aug. 2, 2016). 5, 2016); Anonymous (Nov. 8, 2016); Chris 4 15 U.S.C. 78s(b)(2). Studies, The Cato Institute (Dec. 1, 2016); Jerry Burniske, Blockchain Products Lead, ARK 5 See Securities Exchange Act Release No. 78770, Brito, Executive Director, Coin Center (Dec. 7, Investment Management LLC (Nov. 8, 2016); Colin 2016); Joseph Colangelo, President, Consumers’ 81 FR 62780 (Sept. 12, 2016). Keeler (Nov. 14, 2016); Robert S. Tull, (Nov. 14, 6 See Securities Exchange Act Release No. 79171, Research (Dec. 7, 2016); Denise Krisko, CFA, 2016); Mark T. Williams (Nov. 15, 2016); President and Co-Founder, Vident Investment 81 FR 76400 (Nov. 2, 2016). Specifically, the Anonymous (Nov. 21, 2016); XBT OPPS Team (Nov. Advisory, LLC (Dec. 7, 2016); Balaji Srinivasan, Commission instituted proceedings to allow for 21, 2016); Anonymous (Nov. 22, 2016); Ken Maher Chief Executive Officer & Cofounder, 21, et al. (Dec. additional analysis of the proposed rule change’s sradovich on DSK3GMQ082PROD with NOTICES (Nov. 22, 2016); Kyle Murray, Assistant General consistency with Section 6(b)(5) of the Act, which 7, 2016); and Ken I. Maher (Dec. 8, 2016). All Counsel, Bats Global Markets, Inc. (Nov. 25, 2016); requires, among other things, that the rules of a comments on the proposed rule change are and Colin Baird (Nov. 26, 2016). All comments on national securities exchange be ‘‘designed to available on the Commission’s Web site at: https:// the proposed rule change are available on the prevent fraudulent and manipulative acts and Commission’s Web site at: https://www.sec.gov/ www.sec.gov/comments/sr-nysearca-2016-101/ practices, to promote just and equitable principles comments/sr-batsbzx-2016-30/batsbzx nysearca2016101.shtml. of trade,’’ and ‘‘to protect investors and the public 8 15 U.S.C. 78s(b)(2). 201630.shtml. interest.’’ See id. at 76401. 10 15 U.S.C. 78s(b)(2). 7 See Letters from Daniel H. Gallancy, CFA, 9 Id. 11 Id. SolidX Management LLP (Nov. 23, 2016); Thaya B. 10 17 CFR 200.30–3(a)(57). VerDate Sep<11>2014 21:14 Jan 06, 2017 Jkt 241001 PO 00000 Frm 00118 Fmt 4703 Sfmt 9990 E:\FR\FM\09JAN1.SGM 09JAN1


Document Created: 2018-10-24 11:10:54
Document Modified: 2018-10-24 11:10:54
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 2426 
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