83 FR 42534 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Provide for the Listing of Exchange Traded Products With No Component NMS Stock Listed on the Exchange, Amend Its Rules Regarding Unlisted Trading Privileges, and Make Corresponding Changes

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 163 (August 22, 2018)

Page Range		42534-42534
FR Document		2018-18063

Federal Register, Volume 83 Issue 163 (Wednesday, August 22, 2018)

[Federal Register Volume 83, Number 163 (Wednesday, August 22, 2018)]
[Notices]
[Page 42534]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-18063]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-83860; File No. SR-NYSE-2018-30]


Self-Regulatory Organizations; New York Stock Exchange LLC; 
Notice of Designation of a Longer Period for Commission Action on a 
Proposed Rule Change To Provide for the Listing of Exchange Traded 
Products With No Component NMS Stock Listed on the Exchange, Amend Its 
Rules Regarding Unlisted Trading Privileges, and Make Corresponding 
Changes

August 16, 2018.
    On June 15, 2018, New York Stock Exchange LLC (``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: (1) 
Provide for the listing of exchange traded products (``ETPs'') that do 
not have any component NMS Stock \3\ that is listed on the Exchange or 
that is based on, or represents an interest in, an underlying index or 
reference asset that includes an NMS Stock listed on the Exchange; (2) 
delete certain redundant listing rules that would be superseded by 
these initial and continued listing and trading requirements for the 
listing of ETPs; and (3) make changes to its unlisted trading 
privileges rule, Rule 5.1(a)(2), as well as certain supplementary 
changes throughout Rules 5P and 8P to conform to the rules of the 
Exchange's affiliate, NYSE National, Inc. The proposed rule change was 
published for comment in the Federal Register on July 6, 2018.\4\ The 
Commission has received no comment letters on the proposed rule change.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ NMS Stock is defined in Rule 600 of Regulation NMS, 17 CFR 
242.600(b)(47).
    \4\ See Securities Exchange Act Release No. 83560 (June 29, 
2018), 83 FR 31585.
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    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 August 20, 2018. The Commission is extending this 45-day time 
period.
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    \5\ 15 U.S.C. 78s(b)(2).
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    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 the proposed rule change. 
Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\6\ designates October 4, 2018, 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 Number 
SR-NYSE-2018-30).
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    \6\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
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    \7\ 17 CFR 200.30-3(a)(31).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-18063 Filed 8-21-18; 8:45 am]
BILLING CODE 8011-01-P

42534 Federal Register / Vol. 83, No. 163 / Wednesday, August 22, 2018 / Notices

19(b)(3)(A)(iii) of the Act 11 and available for website viewing and and continued listing and trading
subparagraph (f)(6) of Rule 19b–4 printing in the Commission’s Public requirements for the listing of ETPs; and
thereunder.12 Reference Room, 100 F Street NE, (3) make changes to its unlisted trading
At any time within 60 days of the Washington, DC 20549, on official privileges rule, Rule 5.1(a)(2), as well as
filing of the proposed rule change, the business days between the hours of certain supplementary changes
Commission summarily may 10:00 a.m. and 3:00 p.m. Copies of the throughout Rules 5P and 8P to conform
temporarily suspend such rule change if filing also will be available for to the rules of the Exchange’s affiliate,
it appears to the Commission that such inspection and copying at the principal NYSE National, Inc. The proposed rule
action is: (i) Necessary or appropriate in office of the Exchange. All comments change was published for comment in
the public interest; (ii) for the protection received will be posted without change.
the Federal Register on July 6, 2018.4
of investors; or (iii) otherwise in Persons submitting comments are
The Commission has received no
furtherance of the purposes of the Act. cautioned that we do not redact or edit
personal identifying information from comment letters on the proposed rule
If the Commission takes such action, the
comment submissions. You should change.
Commission shall institute proceedings
to determine whether the proposed rule submit only information that you wish Section 19(b)(2) of the Act 5 provides
should be approved or disapproved. to make available publicly. All that, within 45 days of the publication
submissions should refer to File of notice of the filing of a proposed rule
IV. Solicitation of Comments Number SR–Phlx–2018–54 and should change, or within such longer period up
Interested persons are invited to be submitted on or before September 12, to 90 days as the Commission may
submit written data, views, and 2018. designate if it finds such longer period
arguments concerning the foregoing, For the Commission, by the Division of to be appropriate and publishes its
including whether the proposed rule Trading and Markets, pursuant to delegated reasons for so finding or as to which the
change is consistent with the Act. authority.13 self-regulatory organization consents,
Comments may be submitted by any of Eduardo A. Aleman, the Commission shall either approve the
the following methods: Assistant Secretary. proposed rule change, disapprove the
Electronic Comments [FR Doc. 2018–18064 Filed 8–21–18; 8:45 am] proposed rule change, or institute
• Use the Commission’s internet
BILLING CODE 8011–01–P proceedings to determine whether the
comment form (http://www.sec.gov/ proposed rule change should be
rules/sro.shtml); or disapproved. The 45th day after
SECURITIES AND EXCHANGE publication of the notice for this
• Send an email to rule-comments@ COMMISSION
sec.gov. Please include File Number SR– proposed rule change is August 20,
Phlx–2018–54 on the subject line. [Release No. 34–83860; File No. SR–NYSE– 2018. The Commission is extending this
2018–30] 45-day time period.
Paper Comments
Self-Regulatory Organizations; New The Commission finds that it is
• Send paper comments in triplicate appropriate to designate a longer period
to Secretary, Securities and Exchange York Stock Exchange LLC; Notice of
Designation of a Longer Period for within which to take action on the
Commission, 100 F Street NE, proposed rule change so that it has
Washington, DC 20549–1090. Commission Action on a Proposed
Rule Change To Provide for the Listing sufficient time to consider the proposed
All submissions should refer to File of Exchange Traded Products With No rule change. Accordingly, the
Number SR-Phlx-2018–54. This file Component NMS Stock Listed on the Commission, pursuant to Section
number should be included on the Exchange, Amend Its Rules Regarding 19(b)(2) of the Act,6 designates October
subject line if email is used. To help the Unlisted Trading Privileges, and Make 4, 2018, as the date by which the
Commission process and review your Corresponding Changes Commission shall either approve or
comments more efficiently, please use
disapprove or institute proceedings to
only one method. The Commission will August 16, 2018.
determine whether to disapprove the
post all comments on the Commission’s On June 15, 2018, New York Stock
internet website (http://www.sec.gov/ Exchange LLC (‘‘Exchange’’) filed with proposed rule change (File Number SR–
rules/sro.shtml). Copies of the the Securities and Exchange NYSE–2018–30).
submission, all subsequent Commission (‘‘Commission’’), pursuant For the Commission, by the Division of
amendments, all written statements to Section 19(b)(1) of the Securities Trading and Markets, pursuant to delegated
with respect to the proposed rule Exchange Act of 1934 (‘‘Act’’) 1 and Rule authority.7
change that are filed with the 19b–4 thereunder,2 a proposed rule Eduardo A. Aleman,
Commission, and all written change to: (1) Provide for the listing of Assistant Secretary.
communications relating to the exchange traded products (‘‘ETPs’’) that [FR Doc. 2018–18063 Filed 8–21–18; 8:45 am]
proposed rule change between the do not have any component NMS
BILLING CODE 8011–01–P
Commission and any person, other than Stock 3 that is listed on the Exchange or
those that may be withheld from the that is based on, or represents an
public in accordance with the interest in, an underlying index or
provisions of 5 U.S.C. 552, will be reference asset that includes an NMS
Stock listed on the Exchange; (2) delete
amozie on DSK3GDR082PROD with NOTICES1

11 15 U.S.C. 78s(b)(3)(A)(iii). certain redundant listing rules that
12 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– would be superseded by these initial
4(f)(6) requires a self-regulatory organization to give
the Commission written notice of its intent to file 13 17
4 See Securities Exchange Act Release No. 83560
the proposed rule change at least five business days CFR 200.30–3(a)(12).
1 15U.S.C. 78s(b)(1). (June 29, 2018), 83 FR 31585.
prior to the date of filing of the proposed rule 5 15 U.S.C. 78s(b)(2).
2 17 CFR 240.19b–4.
change, or such shorter time as designated by the
6 Id.
Commission. The Exchange has satisfied this 3 NMS Stock is defined in Rule 600 of Regulation

requirement. NMS, 17 CFR 242.600(b)(47). 7 17 CFR 200.30–3(a)(31).

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Document Created: 2018-08-22 00:38:31
Document Modified: 2018-08-22 00:38:31

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		83 FR 42534