82 FR 4430 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1, To Amend NYSE Arca Rule 6.91

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 9 (January 13, 2017)

Page Range		4430-4430
FR Document		2017-00608

Federal Register, Volume 82 Issue 9 (Friday, January 13, 2017)

[Federal Register Volume 82, Number 9 (Friday, January 13, 2017)]
[Notices]
[Page 4430]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-00608]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-79759; File No. SR-NYSEArca-2016-149]


Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change, as Modified by Amendment No. 1, To Amend NYSE Arca Rule 6.91

January 9, 2017.
    On November 14, 2016, NYSE Arca, Inc. (``Exchange'' or ``NYSE 
Arca'') 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 Rule 6.91 to clarify and 
provide greater transparency to its rules governing the trading of 
Electronic Complex Orders. The proposed rule change was published for 
comment in the Federal Register on December 2, 2016.\3\ On December 23, 
2016, NYSE Arca filed Amendment No. 1, which supersedes the original 
proposal in its entirety. The Commission has received no comments 
regarding 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. 79404 (November 28, 
2016), 81 FR 87094.
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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 
45th day after publication of the notice for this proposed rule change 
is January 16, 2017.
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    \4\ 15 U.S.C. 78s(b)(2).
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    The Commission is extending the 45-day time period for Commission 
action on the proposed rule change. The Commission finds that it is 
appropriate to designate a longer period within which to take action on 
the proposed rule change so that it has sufficient time to consider and 
take action on the proposed rule change.
    Accordingly, pursuant to Section 19(b)(2)(A)(ii)(I) of the Act,\5\ 
the Commission designates March 2, 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 
Number SR-NYSEArca-2016-149).
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    \5\ 15 U.S.C. 78s(b)(2)(A)(ii)(I).

    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. 2017-00608 Filed 1-12-17; 8:45 am]
BILLING CODE 8011-01-P

4430 Federal Register / Vol. 82, No. 9 / Friday, January 13, 2017 / Notices

reasonably designed to ensure that final SECURITIES AND EXCHANGE as the date by which the Commission
settlement occurs no later than the end COMMISSION should either approve or disapprove or
of the settlement day; and require that institute proceedings to determine
[Release No. 34–79759; File No. SR–
intraday or real-time finality be whether to disapprove the proposed
NYSEArca–2016–149]
provided where necessary to reduce rule change (File Number SR–
risks.25 Through this proposal, DTC Self-Regulatory Organizations; NYSE NYSEArca–2016–149).
would no longer process MMI Arca, Inc.; Notice of Designation of a For the Commission, by the Division of
transactions automatically but, rather, Longer Period for Commission Action Trading and Markets, pursuant to delegated
would first require an IPA’s funding on a Proposed Rule Change, as authority.6
acknowledgment and a purchaser’s RAD Modified by Amendment No. 1, To Eduardo A. Aleman,
acknowledgment, as applicable. Where Amend NYSE Arca Rule 6.91 Assistant Secretary.
a funding acknowledgement is [FR Doc. 2017–00608 Filed 1–12–17; 8:45 am]
January 9, 2017.
provided, DTC would no longer permit On November 14, 2016, NYSE Arca,
BILLING CODE 8011–01–P
an RTP, thus eliminating the risk of an Inc. (‘‘Exchange’’ or ‘‘NYSE Arca’’) filed
intraday reversal of a processed MMI with the Securities and Exchange SECURITIES AND EXCHANGE
transaction. Additionally, the proposal Commission (‘‘Commission’’), pursuant COMMISSION
would eliminate the LPNC and RVPNA to Section 19(b)(1) of the Securities
Controls, which would help eliminate Exchange Act of 1934 (‘‘Act’’) 1 and Rule [Release No. 34–79758; File No. SR–
the blockage caused by the LPNC BatsBZX–2016–89]
19b–4 thereunder,2 a proposed rule
Control’s withholding of Participants’ change to amend NYSE Arca Rule 6.91 Self-Regulatory Organizations; Bats
two largest net credits for MMI to clarify and provide greater BZX Exchange, Inc.; Notice of Filing
transactions and the RVPNA Control’s transparency to its rules governing the and Immediate Effectiveness of a
restriction on delivering certain MMI trading of Electronic Complex Orders. Proposed Rule Change To Modify Fees
securities. Each of these proposed The proposed rule change was for Connectivity and Its
changes, both individually and published for comment in the Federal Communication and Routing Service
collectively, would help ensure that Register on December 2, 2016.3 On Known as Bats Connect
final settlement occurs at the end of the December 23, 2016, NYSE Arca filed
day. As such, the Commission believes Amendment No. 1, which supersedes January 9, 2017.
that the changes proposed in the the original proposal in its entirety. The Pursuant to Section 19(b)(1) of the
Advance Notice are consistent with Commission has received no comments Securities Exchange Act of 1934 (the
Rule 17Ad–22(d)(12) under the regarding the proposed rule change. ‘‘Act’’),1 and Rule 19b–4 thereunder,2
Section 19(b)(2) of the Act 4 provides notice is hereby given that on December
Exchange Act.26
that, within 45 days of the publication 27, 2016, Bats BZX Exchange, Inc. (the
III. Conclusion of notice of the filing of a proposed rule ‘‘Exchange’’ or ‘‘BZX’’) filed with the
change, or within such longer period up Securities and Exchange Commission
It is therefore noticed, pursuant to to 90 days as the Commission may (‘‘Commission’’) the proposed rule
Section 806(e)(1)(I) of the Payment, designate if it finds such longer period change as described in Items I, II, and
Clearing and Settlement Supervision to be appropriate and publishes its III below, which Items have been
Act,27 that the Commission does not reasons for so finding or as to which the prepared by the Exchange. The
object to the Advance Notice (SR–DTC– self-regulatory organization consents, Exchange has designated the proposed
2016–802) and that DTC is authorized to the Commission shall either approve the rule change as one establishing or
implement the proposed change as of proposed rule change, disapprove the changing a member due, fee, or other
the date of this notice or the date of an proposed rule change, or institute charge imposed by the Exchange under
order by the Commission authorizing proceedings to determine whether the Section 19(b)(3)(A)(ii) of the Act 3 and
DTC to implement DTC’s proposed rule proposed rule change should be Rule 19b–4(f)(2) thereunder,4 which
change SR–DTC–2016–008 that is disapproved. The 45th day after renders the proposed rule change
consistent with this Advance Notice, publication of the notice for this effective upon filing with the
whichever is later. proposed rule change is January 16, Commission. The Commission is
2017. publishing this notice to solicit
By the Commission. comments on the proposed rule change
The Commission is extending the 45-
Eduardo A. Aleman, day time period for Commission action from interested persons.
Assistant Secretary. on the proposed rule change. The I. Self-Regulatory Organization’s
[FR Doc. 2017–00625 Filed 1–12–17; 8:45 am] Commission finds that it is appropriate Statement of the Terms of Substance of
BILLING CODE 8011–01–P to designate a longer period within the Proposed Rule Change
which to take action on the proposed
The Exchange filed a proposal to
rule change so that it has sufficient time
amend the fee schedule applicable to
to consider and take action on the
Members 5 and non-members of the
proposed rule change.
Exchange pursuant to BZX Rules 15.1(a)
Accordingly, pursuant to Section
asabaliauskas on DSK3SPTVN1PROD with NOTICES

19(b)(2)(A)(ii)(I) of the Act,5 the 6 17 CFR 200.30–3(a)(31).
Commission designates March 2, 2017, 1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
1 15 U.S.C. 78s(b)(1). 3 15 U.S.C. 78s(b)(3)(A)(ii).
2 17 CFR 240.19b–4. 4 17 CFR 240.19b–4(f)(2).
3 See Securities Exchange Act Release No. 79404 5 The term ‘‘Member’’ is defined as ‘‘any
25 Id.
(November 28, 2016), 81 FR 87094. registered broker or dealer that has been admitted
26 Id. 4 15 U.S.C. 78s(b)(2).
to membership in the Exchange.’’ See Exchange
27 12 U.S.C. 5465(e)(1)(I). 5 15 U.S.C. 78s(b)(2)(A)(ii)(I). Rule 1.5(n).

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Document Created: 2017-01-13 02:45:10
Document Modified: 2017-01-13 02:45:10

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 4430