Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change Amending NYSE Arca Equities Rule 5.2(j)(3), Commentary .02 Relating to Listing of Investment Company Units Based on Municipal Bond Indexes, 46627-46628 [2015-19135]
Download as PDF
<![CDATA[
Federal Register / Vol. 80, No. 150 / Wednesday, August 5, 2015 / Notices
it appears to the Commission that such
action is necessary or appropriate in the
public interest, for the protection of
investors, or otherwise in furtherance of
the purposes of the Act. If the
Commission takes such action, the
Commission shall institute proceedings
to determine whether the proposed rule
change should be approved or
disapproved.
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views, and
arguments concerning the foregoing,
including whether the proposed rule
change is consistent with the Act.
Comments may be submitted by any of
the following methods:
asabaliauskas on DSK5VPTVN1PROD with NOTICES
Electronic Comments
• Use the Commission’s Internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an email to rule-comments@
sec.gov. Please include File Number SR–
Phlx–2015–66 on the subject line.
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street NE.,
Washington, DC 20549–1090.
All submissions should refer to File
Number SR–Phlx–2015–66. This file
number should be included on the
subject line if email is used. To help the
Commission process and review your
comments more efficiently, please use
only one method. The Commission will
post all comments on the Commission’s
Internet Web site (https://www.sec.gov/
rules/sro.shtml). Copies of the
submission, all subsequent
amendments, all written statements
with respect to the proposed rule
change that are filed with the
Commission, and all written
communications relating to the
proposed rule change between the
Commission and any person, other than
those that may be withheld from the
public in accordance with the
provisions of 5 U.S.C. 552, will be
available for Web site viewing and
printing in the Commission’s Public
Reference Room, 100 F Street NE.,
Washington, DC 20549 on official
business days between the hours of
10:00 a.m. and 3:00 p.m. Copies of such
filing also will be available for
inspection and copying at the principal
offices of the Exchange. All comments
received will be posted without change;
the Commission does not edit personal
identifying information from
submissions. You should submit only
information that you wish to make
available publicly. All submissions
VerDate Sep<11>2014
16:54 Aug 04, 2015
Jkt 235001
should refer to File Number SR–Phlx–
2015–66, and should be submitted on or
before August 26, 2015.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.18
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015–19131 Filed 8–4–15; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–75460; File No. SR–
NYSEMKT–2015–48]
Self-Regulatory Organizations; NYSE
MKT LLC; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change Extending the Pilot
Period Applicable to the Customer
Best Execution Auction per Rule
971.1NY Until July 18, 2016
July 15, 2015.
Correction
In notice document 2015–17759,
appearing on pages 43141 through
43143 in the issue of Tuesday, July 21,
2015, make the following correction:
On page 43143, in the first column, in
the last paragraph before the signature
block, on the 38th line, ‘‘August 10,
2015.’’ should read ‘‘August 11, 2015.’’
[FR Doc. 2015–17759 Filed 8–4–15; 8:45 am]
BILLING CODE 1505–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–75569; File No. SR–
NYSEArca–2015–01]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Designation of a
Longer Period for Commission Action
on Proceedings to Determine Whether
to Approve or Disapprove a Proposed
Rule Change Amending NYSE Arca
Equities Rule 5.2(j)(3), Commentary .02
Relating to Listing of Investment
Company Units Based on Municipal
Bond Indexes
July 30, 2015.
On January 16, 2015, NYSE Arca, Inc.
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 amend NYSE Arca Equities
Rule 5.2(j)(3), Commentary .02 relating
18 17
CFR 200.30–3(a)(12), (59).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
1 15
PO 00000
Frm 00090
Fmt 4703
Sfmt 4703
46627
to the listing of Investment Company
Units based on municipal bond indexes.
The proposed rule change was
published for comment in the Federal
Register on February 4, 2015.3 On
March 19, 2015, pursuant to Section
19(b)(2) of the Act,4 the Commission
designated a longer period within which
to approve the proposed rule change,
disapprove the proposed rule change, or
institute proceedings to determine
whether to disapprove the proposed
rule change.5 On May 4, 2015, the
Commission published an order
instituting proceedings under Section
19(b)(2)(B) of the Act 6 to determine
whether to approve or disapprove the
proposed rule change.7 The Commission
has received no comment letters on the
proposed rule change.
Section 19(b)(2) of the Act 8 provides
that, after initiating disapproval
proceedings, the Commission shall issue
an order approving or disapproving the
proposed rule change not later than 180
days after the date of publication of
notice of filing of the proposed rule
change. The Commission may, however,
extend the period for issuing an order
approving or disapproving the proposed
rule change by not more than 60 days
if the Commission determines that a
longer period is appropriate and
publishes the reasons for that
determination. The proposed rule
change was published for notice and
comment in the Federal Register on
February 4, 2015.9 The 180th day after
publication of the notice of the filing of
the proposed rule change in the Federal
Register is August 3, 2015, and the
240th day after publication of the notice
of the filing of the proposed rule change
in the Federal Register is October 2,
2015.
3 See Securities Exchange Act Release No. 74175
(Jan. 29, 2015), 80 FR 6150.
4 15 U.S.C. 78s(b)(2).
5 See Securities Exchange Act Release No. 74534,
80 FR 15834 (Mar. 25, 2015). The Commission
designated a longer period within which to take
action on the proposed rule change and designated
May 5, 2015, as the date by which it should
approve, disapprove, or institute proceedings to
determine whether to disapprove the proposed rule
change.
6 15 U.S.C. 78s(b)(2)(B).
7 See Securities Exchange Act Release No. 74863
(May 4, 2015), 80 FR 26591 (May 8, 2015) (‘‘Order
Instituting Proceedings’’). Specifically, the
Commission instituted proceedings to allow for
additional analysis of the proposed rule change’s
consistency with Section 6(b)(5) of the Act, which
requires, among other things, that the rules of a
national securities exchange be ‘‘designed to
prevent fraudulent and manipulative acts and
practices, to promote just and equitable principles
of trade,’’ and ‘‘to protect investors and the public
interest.’’ See id.
8 15 U.S.C. 78s(b)(2).
9 See supra note 3.
E:\FR\FM\05AUN1.SGM
05AUN1
46628
Federal Register / Vol. 80, No. 150 / Wednesday, August 5, 2015 / Notices
The Commission finds it appropriate
to designate a longer period within
which to issue an order approving or
disapproving 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,10 designates October 2, 2015 as the
date by which the Commission shall
either approve or disapprove the
proposed rule change (File No. SR–
NYSEArca–2015–01).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.11
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015–19135 Filed 8–4–15; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–75556; File No. SR–NYSE–
2015–31]
Self-Regulatory Organizations; New
York Stock Exchange LLC; Notice of
Filing of Proposed Rule Change
Amending the NYSE Trades Market
Data Product Offering
July 30, 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 July 16,
2015, New York Stock Exchange LLC
(the ‘‘Exchange’’ or ‘‘NYSE’’) filed with
the Securities and Exchange
Commission (‘‘Commission’’) the
proposed rule change as described in
Items I, II, and III below, which Items
have been prepared by the selfregulatory organization. The
Commission is publishing this notice to
solicit comments on the proposed rule
change from interested persons.
asabaliauskas on DSK5VPTVN1PROD with NOTICES
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to amend the
NYSE Trades market data product
offering. The text of the proposed rule
change is available on the Exchange’s
Web site at www.nyse.com, at the
principal office of the Exchange, and at
the Commission’s Public Reference
Room.
10 15
U.S.C. 78s(b)(2).
11 17 CFR 200.30–3(a)(57).
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
VerDate Sep<11>2014
16:54 Aug 04, 2015
Jkt 235001
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, the
self-regulatory organization included
statements concerning the purpose of,
and basis for, the proposed rule change
and discussed any comments it received
on the proposed rule change. The text
of those statements may be examined at
the places specified in Item IV below.
The Exchange has prepared summaries,
set forth in sections A, B, and C below,
of the most significant parts of such
statements.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange proposes to amend the
NYSE Trades market data feed product
offering.
NYSE Trades is an NYSE-only lastsale market data feed. NYSE Trades
currently allows vendors, broker-dealers
and others to make available on a realtime basis the same last sale information
that the Exchange reports under the
Consolidated Tape Association (‘‘CTA’’)
Plan for inclusion in the CTA Plan’s
consolidated data streams. Specifically,
the NYSE Trades feed includes, for each
security traded on the Exchange, the
real-time last sale price, time and size
information and bid/ask quotations and
a stock summary message. The stock
summary message updates every minute
and includes NYSE’s opening price,
high price, low price, closing price, and
cumulative volume for the security.3
The Exchange has determined to
modify the data content of NYSE Trades
to remove the bid/ask data and to
provide the individual orders that make
up each reported trade.
First, as noted above, the NYSE
Trades data feed currently includes
related bid/ask information at the time
of each reported trade. The Exchange
proposes to remove this limited bid/ask
information from the NYSE Trades feed,
thereby focusing the NYSE Trades feed
on NYSE last sale information. This
change would streamline the NYSE
Trades content, as well as align NYSE
Trades content with that of last sale data
feeds offered by other exchanges.4 The
3 See Securities Exchange Act Release Nos. 62187
(May 27, 2010), 75 FR 31500 (June 3, 2010) (SR–
NYSEAmex–2010–35), 70065 (July 30, 2013), 78 FR
47450 (Aug. 5, 2013) (SR–NYSEMKT–2013–64) and
69273 (April 2, 2013), 78 FR 20969 (April 8, 2013)
(SR–NYSEMKT–2013–30).
4 See NASDAQ Rule 7039 (Nasdaq Last Sale) and
BATS Rule 11.22(g) (BATS Last Sale).
PO 00000
Frm 00091
Fmt 4703
Sfmt 4703
NYSE BBO data feed includes, and
would continue to include, the best bids
and offers for all securities that are
traded on the Exchange for which NYSE
reports quotes under the Consolidated
Quotation (‘‘CQ’’) Plan for inclusion in
the CQ Plan’s consolidated quotation
information data stream.5
Second, the Exchange currently
reports to the CTA and distributes on a
real-time basis via NYSE Trades the
real-time NYSE last sale price
information based on the completed
trade of an arriving order. For example,
if an arriving order of 1000 shares trades
with five resting orders of 200 shares
each, the Exchange reports a completed
trade of 1000 shares. The Exchange
proposes to distribute NYSE last sale
information in NYSE Trades in a format
that would be based on the individual
resting orders that comprise the
completed trade. In the example above,
the Exchange would distribute via
NYSE Trades the real-time NYSE last
sale information of five executions of
200 shares each, with the same time
stamp for each individual component of
the trade. These five transactions would
have the same time stamp and would
comprise the same information that is
being provided to the CTA regarding the
completed trade, which would not
change. The Exchange would continue
to make NYSE last sale information
available through NYSE Trades
immediately after it provides last sale
information to the processor under the
CTA Plan.
The Exchange expects to offer both
the current NYSE Trades data product
and the proposed NYSE Trades data
product for a limited transition period.
After the transition period, the
Exchange would stop offering the
current NYSE Trades data product and
offer only the NYSE Trades data product
proposed in this filing. The Exchange
would announce the transition dates in
advance. There would be no change to
the fees for NYSE Trades in connection
with the proposed changes.
2. Statutory Basis
The proposed rule change is
consistent with Section 6(b) 6 of the Act,
in general, and furthers the objectives of
Section 6(b)(5) 7 of the Act, in particular,
in that it is designed to prevent
fraudulent and manipulative acts and
practices, to promote just and equitable
principles of trade, to foster cooperation
and coordination with persons engaged
5 See Securities Exchange Act Release No. 72326
(June 5, 2014), 79 FR 33605 (June 11, 2014) (SR–
NYSEMKT–2014–49).
6 15 U.S.C. 78f(b).
7 15 U.S.C. 78f(b)(5).
E:\FR\FM\05AUN1.SGM
05AUN1
]]>Agencies
[Federal Register Volume 80, Number 150 (Wednesday, August 5, 2015)]
[Notices]
[Pages 46627-46628]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-19135]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-75569; File No. SR-NYSEArca-2015-01]
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of
Designation of a Longer Period for Commission Action on Proceedings to
Determine Whether to Approve or Disapprove a Proposed Rule Change
Amending NYSE Arca Equities Rule 5.2(j)(3), Commentary .02 Relating to
Listing of Investment Company Units Based on Municipal Bond Indexes
July 30, 2015.
On January 16, 2015, NYSE Arca, Inc. 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 amend NYSE Arca Equities Rule
5.2(j)(3), Commentary .02 relating to the listing of Investment Company
Units based on municipal bond indexes. The proposed rule change was
published for comment in the Federal Register on February 4, 2015.\3\
On March 19, 2015, pursuant to Section 19(b)(2) of the Act,\4\ the
Commission designated a longer period within which to approve the
proposed rule change, disapprove the proposed rule change, or institute
proceedings to determine whether to disapprove the proposed rule
change.\5\ On May 4, 2015, the Commission published an order
instituting proceedings under Section 19(b)(2)(B) of the Act \6\ to
determine whether to approve or disapprove the proposed rule change.\7\
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. 74175 (Jan. 29,
2015), 80 FR 6150.
\4\ 15 U.S.C. 78s(b)(2).
\5\ See Securities Exchange Act Release No. 74534, 80 FR 15834
(Mar. 25, 2015). The Commission designated a longer period within
which to take action on the proposed rule change and designated May
5, 2015, as the date by which it should approve, disapprove, or
institute proceedings to determine whether to disapprove the
proposed rule change.
\6\ 15 U.S.C. 78s(b)(2)(B).
\7\ See Securities Exchange Act Release No. 74863 (May 4, 2015),
80 FR 26591 (May 8, 2015) (``Order Instituting Proceedings'').
Specifically, the Commission instituted proceedings to allow for
additional analysis of the proposed rule change's consistency with
Section 6(b)(5) of the Act, which requires, among other things, that
the rules of a national securities exchange be ``designed to prevent
fraudulent and manipulative acts and practices, to promote just and
equitable principles of trade,'' and ``to protect investors and the
public interest.'' See id.
---------------------------------------------------------------------------
Section 19(b)(2) of the Act \8\ provides that, after initiating
disapproval proceedings, the Commission shall issue an order approving
or disapproving the proposed rule change not later than 180 days after
the date of publication of notice of filing of the proposed rule
change. The Commission may, however, extend the period for issuing an
order approving or disapproving the proposed rule change by not more
than 60 days if the Commission determines that a longer period is
appropriate and publishes the reasons for that determination. The
proposed rule change was published for notice and comment in the
Federal Register on February 4, 2015.\9\ The 180th day after
publication of the notice of the filing of the proposed rule change in
the Federal Register is August 3, 2015, and the 240th day after
publication of the notice of the filing of the proposed rule change in
the Federal Register is October 2, 2015.
---------------------------------------------------------------------------
\8\ 15 U.S.C. 78s(b)(2).
\9\ See supra note 3.
---------------------------------------------------------------------------
[[Page 46628]]
The Commission finds it appropriate to designate a longer period
within which to issue an order approving or disapproving 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,\10\ designates October 2, 2015 as the date by which the Commission
shall either approve or disapprove the proposed rule change (File No.
SR-NYSEArca-2015-01).
---------------------------------------------------------------------------
\10\ 15 U.S.C. 78s(b)(2).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\11\
---------------------------------------------------------------------------
\11\ 17 CFR 200.30-3(a)(57).
---------------------------------------------------------------------------
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-19135 Filed 8-4-15; 8:45 am]
BILLING CODE 8011-01-P
