Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Modify the Appointment Process Utilized by the Exchange, 30511 [2015-12836]
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Federal Register / Vol. 80, No. 102 / Thursday, May 28, 2015 / Notices
(6) The Fund will not use derivative
instruments, including options, swaps,
forwards and futures contracts, both
listed and OTC.
(7) The Fund’s net assets that are
invested in exchange-traded equities,
including ETPs and common stock, will
be invested in instruments that trade in
markets that are members of ISG or are
parties to a comprehensive surveillance
sharing agreement with the Exchange.
(8) The Fund may hold up to an
aggregate amount of 15% of its net
assets in illiquid securities and other
illiquid assets (calculated at the time of
investment).
(9) A minimum of 100,000 Shares will
be outstanding at the commencement of
trading on the Exchange.
This approval order is based on all of
the Exchange’s representations,
including those set forth above and in
the Notice. For the foregoing reasons,
the Commission finds that the proposed
rule change, as modified by Amendment
No. 1, is consistent with Section 6(b)(5)
of the Act 31 and the rules and
regulations thereunder applicable to a
national securities exchange.
IV. Conclusion
It is therefore ordered, pursuant to
Section 19(b)(2) of the Exchange Act,32
that the proposed rule change (SR–
NASDAQ–2015–023), as modified by
Amendment No. 1, is hereby approved.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.33
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015–12835 Filed 5–27–15; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–75032; File No. SR–
NYSEArca–2015–17]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Designation of a
Longer Period for Commission Action
on a Proposed Rule Change To Modify
the Appointment Process Utilized by
the Exchange
(‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a
proposed rule change to modify the
Market Maker appointment and
withdrawal process used by the
Exchange. The proposed rule change
was published for comment in the
Federal Register on April 8, 2015.3 The
Commission received no comment
letters on the proposed rule change.
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 for this filing
is May 23, 2015. The Commission is
extending this 45-day time period.
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 this proposed rule change.
The proposed rule change, if approved,
would modify the Market Maker
appointment and withdrawal process
used by the Exchange.
Accordingly, the Commission,
pursuant to Section 19(b)(2) of the Act,5
designates July 7, 2015, 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 No. SR–NYSEArca–2015–17).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015–12836 Filed 5–27–15; 8:45 am]
asabaliauskas on DSK5VPTVN1PROD with NOTICES
[Release No. 34–75024; File No. SR–BX–
2015–029]
Self-Regulatory Organizations;
NASDAQ OMX BX, Inc.; Notice of Filing
and Immediate Effectiveness of
Proposed Rule Change Regarding
Penny Pilot Options Fees and Rebates
May 21, 2015.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on May 11,
2015, NASDAQ OMX BX, Inc. (‘‘BX’’ or
‘‘Exchange’’) filed with the Securities
and Exchange Commission (‘‘SEC’’ or
‘‘Commission’’) the proposed rule
change as described in Items I, II, and
III, below, which Items have been
prepared by the Exchange. The
Commission is publishing this notice to
solicit comments on the proposed rule
change from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to amend
Chapter XV, entitled ‘‘Options Pricing’’
and Section 2, entitled ‘‘Options
Market—Fees and Rebates’’.
Specifically, the Exchange proposes to:
(1) Decrease the Fee to Add Liquidity in
Penny Pilot Options; 3 (2) decrease the
Rebate to Remove Liquidity in Penny
Pilot Options; and (3) delete the
Monthly Volume Tiers that apply to
Lead Market Makers.
The text of the proposed rule change
is available on the Exchange’s Web site
at https://
nasdaqomxbx.cchwallstreet.com, at the
principal office of the Exchange, and at
the Commission’s Public Reference
Room.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1 15
31 15
U.S.C. 78f(b)(5).
U.S.C. 78s(b)(2).
33 17 CFR 200.30–3(a)(12).
32 15
VerDate Sep<11>2014
SECURITIES AND EXCHANGE
COMMISSION
In its filing with the Commission, the
Exchange included statements
concerning the purpose of and basis for
BILLING CODE 8011–01–P
May 21, 2015.
On March 20, 2015, NYSE Arca, Inc.,
(‘‘NYSE Arca’’ or ‘‘Exchange’’) filed
with the Securities and Exchange
Commission (the ‘‘Commission’’),
pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
18:18 May 27, 2015
Jkt 235001
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 Penny Pilot Options are options that quote and
trade pursuant to the Penny Pilot, an industry-wide
program. The Penny Pilot was established on the
Exchange in June 2012 and last extended in
December 2014. See Securities Exchange Act
Release Nos. 67256 (June 26, 2012), 77 FR 39277
(July 2, 2012) (SR–BX–2012–030) (order approving
BX option rules and establishing Penny Pilot); and
73689 (November 25, 2014), 79 FR 71488
(December 2, 2014) (SR–BX–2014–057) (notice of
filing and immediate effectiveness extending the
Penny Pilot through June 30, 2015).
2 17
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 74635
(April 2, 2015), 80 FR 18909.
4 15 U.S.C. 78s(b)(2).
5 Id.
6 17 CFR 200.30–3(a)(31).
2 17
PO 00000
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[Federal Register Volume 80, Number 102 (Thursday, May 28, 2015)]
[Notices]
[Page 30511]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-12836]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-75032; File No. SR-NYSEArca-2015-17]
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of
Designation of a Longer Period for Commission Action on a Proposed Rule
Change To Modify the Appointment Process Utilized by the Exchange
May 21, 2015.
On March 20, 2015, NYSE Arca, Inc., (``NYSE Arca'' or ``Exchange'')
filed with the Securities and Exchange Commission (the ``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 the Market Maker appointment and withdrawal process used by the
Exchange. The proposed rule change was published for comment in the
Federal Register on April 8, 2015.\3\ The Commission 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. 74635 (April 2,
2015), 80 FR 18909.
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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 for this filing is May 23, 2015. The Commission is extending
this 45-day time period.
---------------------------------------------------------------------------
\4\ 15 U.S.C. 78s(b)(2).
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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 this proposed rule change. The proposed
rule change, if approved, would modify the Market Maker appointment and
withdrawal process used by the Exchange.
Accordingly, the Commission, pursuant to Section 19(b)(2) of the
Act,\5\ designates July 7, 2015, 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 No. SR-
NYSEArca-2015-17).
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\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).
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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-12836 Filed 5-27-15; 8:45 am]
BILLING CODE 8011-01-P
