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Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Withdrawal of Proposed Rule Change To Permit the Exchange To List and Trade Options on Exchange-Traded Fund Shares That Represent Interests in a Commodity-Based Trust

Securities and Exchange Commission [Release No. 34-100723; File No. SR-NYSEARCA-2024-06] August 13, 2024. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 ("A...

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Securities and Exchange Commission

[Release No. 34-100723; File No. SR-NYSEARCA-2024-06]

August 13, 2024.

Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”) ^[1] and Rule 19b-4 thereunder,^[2] NYSE Arca, Inc. (“NYSE Arca”) filed with the Securities and Exchange ( printed page 67111) Commission (“Commission”) a proposed rule change to permit the Exchange to list and trade options on exchange-traded fund shares that represent interests in a commodity-based trust (“Proposal”).

On January 25, 2024, the Proposal was published for comment in the Federal Register .^[3] On March 6, 2024, pursuant to Section 19(b)(2) of the Act,^[4] the Commission designated a longer period within which to approve the Proposal, disapprove the Proposal, or institute proceedings to determine whether to disapprove the Proposal.^[5] On April 24, 2024, the Commission instituted proceedings under Section 19(b)(2)(B) of the Act ^[6] to determine whether to approve or disapprove the Proposal.^[7] The Commission received comments addressing the Proposal.^[8]

On July 19, 2024, the Commission designated a longer time for Commission action on the Proposal.^[9] On August 9, 2024, NYSE Arca withdrew the Proposal (SR-NYSEARCA-2024-06).

For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.^[10]

Sherry R. Haywood,

Assistant Secretary.

Footnotes

1. 15 U.S.C. 78s(b)(1).

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2. 17 CFR 240.19b-4.

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3. See Securities Exchange Act Release No. 99398 (Jan. 19, 2024), 89 FR 5029.

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4. 15 U.S.C. 78s(b)(2).

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5. See Securities Exchange Act Release No. 99683 (Mar. 6, 2024), 89 FR 17888 (Mar. 12, 2024).

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6. 15 U.S.C. 78s(b)(2)(B).

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7. See Securities Exchange Act Release No. 100023 (Apr. 24, 2024), 89 FR 34295 (Apr. 30, 2024).

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8. Comment letters on the Proposal are available at https://www.sec.gov/comments/sr-nysearca-2024-06/srnysearca202406.htm.

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9. See Securities Exchange Act Release No. 100565 (Jul. 19, 2024), 89 FR 60460 (Jul. 25, 2024).

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10. 17 CFR 200.30-3(a)(12).

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[FR Doc. 2024-18477 Filed 8-16-24; 8:45 am]

BILLING CODE 8011-01-P

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Federal Register Citation

Use this for formal legal and research references to the published document.

89 FR 67110

Web Citation

Suggested Web Citation

Use this when citing the archival web version of the document.

“Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Withdrawal of Proposed Rule Change To Permit the Exchange To List and Trade Options on Exchange-Traded Fund Shares That Represent Interests in a Commodity-Based Trust,” thefederalregister.org (August 19, 2024), https://thefederalregister.org/documents/2024-18477/self-regulatory-organizations-nyse-arca-inc-notice-of-withdrawal-of-proposed-rule-change-to-permit-the-exchange-to-list-.