83 FR 63915 - Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade Shares of the BrandywineGLOBAL-Global Total Return ETF, a Series of Legg Mason ETF Investment Trust, Under Nasdaq Rule 5735
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 238 (December 12, 2018)
Federal Register Volume 83, Issue 238 (December 12, 2018)
| Page Range | 63915-63915 | |
| FR Document | 2018-26909 |
[Federal Register Volume 83, Number 238 (Wednesday, December 12, 2018)] [Notices] [Page 63915] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-26909] ======================================================================= ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-84747; File No. SR-NASDAQ-2018-080] Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade Shares of the BrandywineGLOBAL-- Global Total Return ETF, a Series of Legg Mason ETF Investment Trust, Under Nasdaq Rule 5735 December 7, 2018. On October 17, 2018, The Nasdaq Stock Market LLC (``Nasdaq'' or ``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 BrandywineGLOBAL-- Global Total Return ETF, a series of Legg Mason ETF Investment Trust, under Nasdaq Rule 5735 (Managed Fund Shares). The proposed rule change was published for comment in the Federal Register on November 5, 2018.\3\ The Commission has received no comment letters on the proposed rule change. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. \3\ See Securities Exchange Act Release No. 84505 (October 30, 2018), 83 FR 55416. --------------------------------------------------------------------------- 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 December 20, 2018. The Commission is extending this 45-day time period. --------------------------------------------------------------------------- \4\ 15 U.S.C. 78s(b)(2). --------------------------------------------------------------------------- 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 February 3, 2019 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 No. SR-NASDAQ-2018-080). --------------------------------------------------------------------------- \5\ Id. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\6\ --------------------------------------------------------------------------- \6\ 17 CFR 200.30-3(a)(31). --------------------------------------------------------------------------- Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018-26909 Filed 12-11-18; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 83, No. 238 / Wednesday, December 12, 2018 / Notices 63915
¥ 37,800)/56,700}], where A equals the amount determined under section 2(c) is thereunder,2 a proposed rule change to
amount of the applicable base with $2,073 for months in calendar year list and trade shares of the
respect to tier 1 taxes for 2019 under 2019. BrandywineGLOBAL—Global Total
section 3231(e)(2) of the Internal Return ETF, a series of Legg Mason ETF
Maximum Daily Benefit Rate
Revenue Code of 1986. Section 1(i) Investment Trust, under Nasdaq Rule
further provides that if the amount so Section 2(a)(3) contains a formula for 5735 (Managed Fund Shares). The
determined is not a multiple of $5, it determining the maximum daily benefit proposed rule change was published for
shall be rounded to the nearest multiple rate for registration periods beginning comment in the Federal Register on
of $5. after June 30, 1989, and after each June November 5, 2018.3 The Commission
Using the calendar year 2019 tier 1 tax 30 thereafter. Legislation enacted on
has received no comment letters on the
base of $132,900 for A above produces October 9, 1996, revised the formula for
the amount of $1,606.35, which must proposed rule change.
indexing maximum daily benefit rates.
then be rounded to $1,605. Accordingly, Under the prescribed formula, the Section 19(b)(2) of the Act 4 provides
the monthly compensation base is maximum daily benefit rate increases by that within 45 days of the publication of
determined to be $1,605 for months in approximately two-thirds of the notice of the filing of a proposed rule
calendar year 2019. cumulative growth in average national change, or within such longer period up
Amounts Related to Changes in wages since 1984. The maximum daily to 90 days as the Commission may
Monthly Compensation Base benefit rate for registration periods designate if it finds such longer period
beginning after June 30, 2019, shall be to be appropriate and publishes its
For years after 1988, sections 1(k), 3, equal to 5 percent of the monthly reasons for so finding, or as to which the
4(a–2)(i)(A) and 2(c) of the Act contain compensation base for the base year self-regulatory organization consents,
formulas for determining amounts immediately preceding the beginning of the Commission shall either approve the
related to the monthly compensation the benefit year. Section 2(a)(3) further
base. proposed rule change, disapprove the
provides that if the amount so computed proposed rule change, or institute
Under section 1(k), remuneration is not a multiple of $1, it shall be
earned from employment covered under proceedings to determine whether the
rounded down to the nearest multiple of proposed rule change should be
the Act cannot be considered subsidiary
$1. disapproved. The 45th day after
remuneration if the employee’s base
The calendar year 2018 monthly publication of the notice for this
year compensation is less than 2.5 times
compensation base is $1,560.
the monthly compensation base for proposed rule change is December 20,
Multiplying $1,560 by 0.05 yields
months in such base year. Under section 2018. The Commission is extending this
$78.00. Accordingly, the maximum
3, an employee shall be a ‘‘qualified 45-day time period.
daily benefit rate for days of
employee’’ if his/her base year The Commission finds it appropriate
unemployment and days of sickness
compensation is not less than 2.5 times to designate a longer period within
beginning in registration periods after
the monthly compensation base for which to take action on the proposed
June 30, 2019, is determined to be $78.
months in such base year. Under section rule change so that it has sufficient time
4(a–2)(i)(A), an employee who leaves By Authority of the Board.
Sylvia Zaragoza, to consider the proposed rule change.
work voluntarily without good cause is
Accordingly, the Commission, pursuant
disqualified from receiving Acting Secretary to the Board.
unemployment benefits until he has to Section 19(b)(2) of the Act,5
[FR Doc. 2018–26927 Filed 12–11–18; 8:45 am]
been paid compensation of not less than designates February 3, 2019 as the date
BILLING CODE 7905–01–P
2.5 times the monthly compensation by which the Commission shall either
base for months in the calendar year in approve or disapprove, or institute
which the disqualification ends. proceedings to determine whether to
Multiplying 2.5 by the calendar year SECURITIES AND EXCHANGE disapprove, the proposed rule change
2019 monthly compensation base of COMMISSION (File No. SR–NASDAQ–2018–080).
$1,605 produces $4,012.50. [Release No. 34–84747; File No. SR– For the Commission, by the Division of
Accordingly, the amount determined NASDAQ–2018–080] Trading and Markets, pursuant to delegated
under sections 1(k), 3 and 4(a–2)(i)(A) is authority.6
$4,012.50 for calendar year 2019. Self-Regulatory Organizations; The Eduardo A. Aleman,
Under section 2(c), the maximum Nasdaq Stock Market LLC; Notice of
amount of normal benefits paid for days Assistant Secretary.
Designation of a Longer Period for
of unemployment within a benefit year [FR Doc. 2018–26909 Filed 12–11–18; 8:45 am]
Commission Action on a Proposed
and the maximum amount of normal Rule Change To List and Trade Shares BILLING CODE 8011–01–P
benefits paid for days of sickness within of the BrandywineGLOBAL—Global
a benefit year shall not exceed an Total Return ETF, a Series of Legg
employee’s compensation in the base Mason ETF Investment Trust, Under
year. In determining an employee’s base Nasdaq Rule 5735
year compensation, any money
remuneration in a month not in excess December 7, 2018.
of an amount that bears the same ratio On October 17, 2018, The Nasdaq
to $775 as the monthly compensation Stock Market LLC (‘‘Nasdaq’’ or
amozie on DSK3GDR082PROD with NOTICES1
base for that year bears to $600 shall be ‘‘Exchange’’) filed with the Securities
taken into account. and Exchange Commission 2 17 CFR 240.19b–4.
The calendar year 2019 monthly (‘‘Commission’’), pursuant to Section 3 See Securities Exchange Act Release No. 84505
compensation base is $1,605. The ratio 19(b)(1) of the Securities Exchange Act (October 30, 2018), 83 FR 55416.
of $1,605 to $600 is 2.67500000. of 1934 (‘‘Act’’) 1 and Rule 19b–4 4 15 U.S.C. 78s(b)(2).
Multiplying 2.67500000 by $775 5 Id.
produces $2,073. Accordingly, the 1 15 U.S.C. 78s(b)(1). 6 17 CFR 200.30–3(a)(31).
VerDate Sep<11>2014 18:39 Dec 11, 2018 Jkt 247001 PO 00000 Frm 00091 Fmt 4703 Sfmt 9990 E:\FR\FM\12DEN1.SGM 12DEN1](https://thefederalregister.org/doc/83_FR_64153/page/1.svg)
Document Created: 2018-12-12 01:39:26
Document Modified: 2018-12-12 01:39:26
| 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 63915 |
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