83 FR 45289 - Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change Relating to the First Trust Senior Loan Fund of First Trust Exchange Traded Fund IV

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 173 (September 6, 2018)

Page Range		45289-45289
FR Document		2018-19241

Federal Register, Volume 83 Issue 173 (Thursday, September 6, 2018)

[Federal Register Volume 83, Number 173 (Thursday, September 6, 2018)]
[Notices]
[Page 45289]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-19241]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-84003; File No. SR-NASDAQ-2018-050]


Self-Regulatory Organizations; The Nasdaq Stock Market LLC; 
Notice of Designation of a Longer Period for Commission Action on a 
Proposed Rule Change Relating to the First Trust Senior Loan Fund of 
First Trust Exchange Traded Fund IV

August 30, 2018.
    On June 27, 2018, The Nasdaq Stock Market LLC (``Nasdaq'') 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 modify 
certain aspects of the First Trust Senior Loan Fund, the shares of 
which have been approved by the Commission for listing and trading 
under Nasdaq Rule 5735. The proposed rule change was published for 
comment in the Federal Register on July 17, 2018.\3\ 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\ See Securities Exchange Act Release No. 83618 (July 11, 
2018), 83 FR 33277.
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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 August 31, 2018. 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 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,\5\ designates October 15, 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-NASDAQ-2018-050).
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    \5\ Id.

    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. 2018-19241 Filed 9-5-18; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 83, No. 173 / Thursday, September 6, 2018 / Notices 45289

Commission a USPS Request to Add within which to take action on the II. Self-Regulatory Organization’s
Priority Mail Contract 464 to proposed rule change so that it has Statement of the Purpose of, and
Competitive Product List. Documents sufficient time to consider the proposed Statutory Basis for, the Proposed Rule
are available at www.prc.gov, Docket rule change. Accordingly, the Change
Nos. MC2018–218, CP2018–300. Commission, pursuant to Section In its filing with the Commission, the
19(b)(2) of the Act,5 designates October Exchange included statements
Elizabeth Reed,
15, 2018, as the date by which the concerning the purpose of and basis for
Attorney, Corporate and Postal Business Law. Commission shall either approve or
[FR Doc. 2018–19276 Filed 9–5–18; 8:45 am] the proposed rule change and discussed
disapprove or institute proceedings to any comments it received on the
BILLING CODE 7710–12–P determine whether to disapprove the proposed rule change. The text of these
proposed rule change (File Number SR– statements may be examined at the
NASDAQ–2018–050). places specified in Item IV below. The
SECURITIES AND EXCHANGE
For the Commission, by the Division of Exchange has prepared summaries, set
COMMISSION Trading and Markets, pursuant to delegated forth in sections A, B, and C below, of
[Release No. 34–84003; File No. SR– authority.6 the most significant aspects of such
NASDAQ–2018–050] Eduardo A. Aleman, statements.
Assistant Secretary. A. Self-Regulatory Organization’s
Self-Regulatory Organizations; The
[FR Doc. 2018–19241 Filed 9–5–18; 8:45 am] Statement of the Purpose of, and
Nasdaq Stock Market LLC; Notice of
Designation of a Longer Period for BILLING CODE 8011–01–P Statutory Basis for, the Proposed Rule
Commission Action on a Proposed Change
Rule Change Relating to the First Trust 1. Purpose
Senior Loan Fund of First Trust SECURITIES AND EXCHANGE
Exchange Traded Fund IV COMMISSION Nasdaq is amending its rules to
permit the initial and continued listing
August 30, 2018. [Release No. 34–84001; File No. SR– of and trading of non-convertible
On June 27, 2018, The Nasdaq Stock NASDAQ–2018–070] corporate debt securities (referred to
Market LLC (‘‘Nasdaq’’) filed with the herein as ‘‘bonds’’ or ‘‘non-convertible
Securities and Exchange Commission Self-Regulatory Organizations; The bonds’’) on Nasdaq and to establish fees
(‘‘Commission’’), pursuant to Section Nasdaq Stock Market LLC; Notice of for listing those bonds. While Nasdaq
19(b)(1) of the Securities Exchange Act Filing of Proposed Rule Change To rules currently provide for the initial
of 1934 (‘‘Act’’) 1 and Rule 19b–4 List and Trade Corporate Non- and continued listing of convertible
thereunder,2 a proposed rule change to Convertible Bonds on Nasdaq bonds, Nasdaq believes that there may
modify certain aspects of the First Trust be a demand from certain types of
Senior Loan Fund, the shares of which August 30, 2018.
investors for Exchange-listed non-
have been approved by the Commission Pursuant to Section 19(b)(1) of the convertible bonds. Nasdaq also believes
for listing and trading under Nasdaq Securities Exchange Act of 1934 that this proposal will improve the
Rule 5735. The proposed rule change (‘‘Act’’),1 and Rule 19b–4 thereunder,2 public market for non-convertible bonds
was published for comment in the notice is hereby given that on August by promoting the fair and orderly
Federal Register on July 17, 2018.3 The 27, 2018, The Nasdaq Stock Market LLC operation of that market and by
Commission has received no comment (‘‘Nasdaq’’ or ‘‘Exchange’’) filed with the increasing the transparency of that
letters on the proposed rule change. Securities and Exchange Commission market for securities that are listed
Section 19(b)(2) of the Act 4 provides (‘‘SEC’’ or ‘‘Commission’’) the proposed pursuant to this proposal. Nasdaq is
that, within 45 days of the publication rule change as described in Items I and therefore amending the relevant listing
of notice of the filing of a proposed rule II below, which Items have been and trading rules accordingly.
change, or within such longer period up prepared by the Exchange. The
Listing Rules
to 90 days as the Commission may Commission is publishing this notice to
designate if it finds such longer period solicit comments on the proposed rule First, Nasdaq proposes to adopt Rule
to be appropriate and publishes its change from interested persons. 5702 to permit the initial listing of non-
reasons for so finding or as to which the convertible bonds. For non-convertible
self-regulatory organization consents, I. Self-Regulatory Organization’s bonds, Nasdaq proposes to require a
the Commission shall either approve the Statement of the Terms of Substance of minimum principal amount outstanding
proposed rule change, disapprove the the Proposed Rule Change or market value of at least $5 million,
proposed rule change, or institute The Exchange proposes to adopt instead of the minimum $10 million
proceedings to determine whether the listing and trading requirements and principal amount outstanding required
proposed rule change should be fees for non-convertible corporate for convertible debt under Rule 5515(b).
disapproved. The 45th day after bonds. Nasdaq notes that this requirement is
publication of the notice for this the same as the initial listing
proposed rule change is August 31, The text of the proposed rule change requirement for bonds on the New York
2018. The Commission is extending this is available on the Exchange’s website at Stock Exchange LLC (‘‘NYSE’’) and
45-day time period. http://nasdaq.cchwallstreet.com, at the NYSE American LLC (‘‘NYSE
principal office of the Exchange, and at
daltland on DSKBBV9HB2PROD with NOTICES

The Commission finds that it is American’’), which both require that the
appropriate to designate a longer period the Commission’s Public Reference debt issue have an aggregate market
Room. value or principal amount of no less
1 15 U.S.C. 78s(b)(1). than $5 million.3
2 17 5 Id.
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 83618 6 17 CFR 200.30–3(a)(31). 3 See Section 102.03 of the NYSE Listed Company
(July 11, 2018), 83 FR 33277. 1 15 U.S.C. 78s(b)(1). Manual and Section 104 of the NYSE American
4 15 U.S.C. 78s(b)(2). 2 17 CFR 240.19b–4. Company Guide.

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Document Created: 2018-09-05 23:56:00
Document Modified: 2018-09-05 23:56:00

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 45289