Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, As Modified by Amendment No. 1 Thereto, To Amend NYSE Arca Equities Rule 8.600 To Adopt Generic Listing Standards for Managed Fund Shares, 54330-54331 [2015-22605]

Download as PDF 54330 Federal Register / Vol. 80, No. 174 / Wednesday, September 9, 2015 / Notices applying for or receiving benefits under the Railroad Retirement Act and/or the Railroad Unemployment Insurance Act to use information obtained from these providers to verify eligibility for benefits. This matching program becomes effective as proposed without further notice on October 19, 2015. We will file a report of this computer-matching program with the Committee on Homeland Security and Governmental Affairs of the Senate; the Committee on Oversight and Government Reform of the House of Representatives; and the Office of Information and Regulatory Affairs, Office of Management and Budget (OMB). ADDRESSES: Interested parties may comment on this publication by writing to Ms. Martha P. Rico, Secretary to the Board, Railroad Retirement Board, 844 North Rush Street, Chicago, Illinois 60611–2092. FOR FURTHER INFORMATION CONTACT: Mr. Timothy Grant, Chief Privacy Officer, Railroad Retirement Board, 844 North Rush Street, Chicago, Illinois 60611– 2092, telephone 312–751–4869 or email at tim.grant@rrb.gov. SUPPLEMENTARY INFORMATION: DATES: Lhorne on DSK5TPTVN1PROD with NOTICES A. General The Privacy Act of 1974, (5 U.S.C. 552a) as amended by the Computer Matching and Privacy Protection Act of 1988, (Pub. L. 100–503), requires a Federal agency participating in a computer matching program to publish a notice in the Federal Register for all matching programs. The Privacy Act, as amended, regulates the use of computer matching by Federal agencies when records contained in a Privacy Act System of Records are matched with other Federal or non-Federal agency records. It requires Federal agencies involved in computer matching programs to: (1) Negotiate written agreements with the other agency or agencies participating in the matching programs; (2) Obtain the approval of the matching agreement by the Data Integrity Boards (DIB) of the participating Federal agencies; (3) Publish notice of the computer matching program in the Federal Register; (4) Furnish detailed reports about matching programs to Congress and OMB; (5) Notify applicants and beneficiaries that their records are subject to matching; and (6) Verify match findings before reducing, suspending, terminating, or VerDate Sep<11>2014 14:19 Sep 08, 2015 Jkt 235001 denying a person’s benefits or payments. B. RRB Computer Matches Subject to the Privacy Act We have taken appropriate action to ensure that this computer matching program complies with the requirements of the Privacy Act, as amended. Notice of Computer Matching Program: RRB and Commercial Employment Verification Providers A. Name of Participating Agencies Railroad Retirement Board (RRB) and Commercial Employment Verification Providers. B. Purpose of the Matching Program The purpose of the RRB conducting matches with commercial employment verification providers is to ensure beneficiaries applying for and/or receiving benefits are entitled to them. We will conduct two types of matches. The first match will be daily online queries submitted when individuals apply for benefits under either the Railroad Retirement Act (RRA) or the Railroad Unemployment Insurance Act (RUIA). The second match will be batch processing (frequency to be determined) of those individuals who have applied for, or are receiving RRA or RUIA benefits. C. Authority for Conducting the Match The Railroad Retirement Board is authorized by the Railroad Retirement Act (RRA) of 1974, 45 U.S.C. 231(f), et. seq. and the Railroad Unemployment Insurance Act (RUIA), 45 U.S.C. 362, et. seq. to administer these benefit programs by paying benefits only to qualified beneficiaries. D. Categories of Records and Individuals Covered The RRB will provide a list of beneficiary social security numbers to the commercial employment verification provider to conduct the match. If there is a match, the commercial employment verification provider will notify the RRB with earnings and employment related information, specifically: Matched employees name, employer information (name, address, and identification number), and employer reported earnings. The applicable RRB Privacy Act Systems of Records and their Federal Register citation used in the matching program are: 1. RRB–21, Railroad Unemployment and Sickness Insurance Benefit Systems; 80 FR 28016 (May 15, 2015), and PO 00000 Frm 00072 Fmt 4703 Sfmt 4703 2. RRB–22, Railroad Retirement, Survivor, Pensioner Benefit System; 80 FR 28018 (May 15, 2015). E. Inclusive Dates of the Matching Program This matching program will become effective October 19, 2015. or 40 days after approval of the agreement, by the RRB DIB, is sent to Congress and the OMB, whichever date is later. The matching program will continue for 18 months after the effective date and may be extended for an additional 12 months, if the conditions specified in 5 U.S.C. 552a(o)(2)(D) have been met. Dated: September 3, 2015. By authority of the Board. Martha P. Rico, Secretary to the Board. [FR Doc. 2015–22640 Filed 9–8–15; 8:45 am] BILLING CODE 7905–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–75813; SR–NYSEArca– 2015–02] Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, As Modified by Amendment No. 1 Thereto, To Amend NYSE Arca Equities Rule 8.600 To Adopt Generic Listing Standards for Managed Fund Shares September 2, 2015. On February 17, 2015, NYSE Arca, Inc. (‘‘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 amend NYSE Arca Equities Rule 8.600 to adopt generic listing standards for Managed Fund Shares.3 The proposed rule change was published for comment in the Federal Register on March 10, 2015.4 The Commission initially received three comment letters on the proposal.5 On April 17, 2015, pursuant 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 The term ‘‘Managed Fund Share’’ is defined in NYSE Arca Equities Rule 8.600(c)(1). 4 See Securities Exchange Act Release No. 74433 (Mar. 4, 2015), 80 FR 12690. 5 See letter dated March 31, 2015 from Anonymous; letter dated March 31, 2015 from Dorothy Donohue, Deputy General Counsel, Securities Regulation, Investment Company Institute, to Brent J. Fields, Secretary, Commission; and letter dated March 31, 2015 from Thomas E. Faust Jr., Chairman and Chief Executive Officer, 2 17 E:\FR\FM\09SEN1.SGM 09SEN1 Federal Register / Vol. 80, No. 174 / Wednesday, September 9, 2015 / Notices Lhorne on DSK5TPTVN1PROD with NOTICES to section 19(b)(2) of the Act,6 the Commission designated a longer period within which to either approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether to disapprove the proposed rule change.7 On June 3, 2015, the Exchange filed Amendment No. 1 to the proposed rule change. On June 11, 2015, the Commission published a notice of filing of Amendment No. 1 to the proposed rule change and an order instituting proceedings under section 19(b)(2)(B) of the Act 8 to determine whether to approve or disapprove the proposed rule change, as modified by Amendment No. 1 thereto.9 The Commission subsequently received one additional comment letter on the proposal.10 Section 19(b)(2) of the Act 11 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 the 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 Eaton Vance Corp., to Brent J. Fields, Secretary, Commission. All comments to the proposed rule change are available on the Commission’s Web site at https://www.sec.gov/comments/sr-nysearca-2015– 02/nysearca201502.shtml. 6 15 U.S.C. 78s(b)(2). 7 See Securities Exchange Act Release No. 74755, 80 FR 22762 (Apr. 23, 2014). The Commission determined that it was 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 and the comments received. Accordingly, the Commission designated June 8, 2015 as the date by which it should approve, disapprove, or institute proceedings to determine whether to disapprove the proposed rule change. 8 15 U.S.C. 78s(b)(2)(B). 9 See Securities Exchange Act Release No. 75115 (Jun. 5, 2015) 80 FR 33309. Specifically, the Commission instituted proceedings to allow: (a) Commenters to address the sufficiency of the Exchange’s statements in support of the proposal, as modified by Amendment No. 1 thereto; (b) commenters to respond to specific questions posed by the Commission relating to the proposal, as modified by Amendment No. 1 thereto; and (c) 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. 10 See letter dated July 2, 2015 from E. Russell Ives, Jr., President, Ives Associates, Inc., to Brent J. Fields, Secretary, Commission. See also supra note 5. 11 15 U.S.C. 78s(b)(2). VerDate Sep<11>2014 14:19 Sep 08, 2015 Jkt 235001 change was published for notice and comment in the Federal Register on March 10, 2015.12 The 180th day after publication of the notice of the filing of the proposed rule change in the Federal Register is September 6, 2015. The 240th day after publication of the notice of the filing of the proposed rule change in the Federal Register is November 5, 2015. 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, as modified by Amendment No. 1 thereto, and the issues raised in the comment letters submitted on the proposed rule change. Accordingly, the Commission, pursuant to section 19(b)(2) of the Act,13 designates November 5, 2015 as the date by which the Commission should either approve or disapprove the proposed rule change (SR–NYSEArca–2015–02). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.14 Robert W. Errett, Deputy Secretary. [FR Doc. 2015–22605 Filed 9–8–15; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–75816; File No. SR–CHX– 2015–03] Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing of Amendment No. 1 to a Proposed Rule Change To Implement CHX SNAPSM, an Intra-Day and OnDemand Auction Service September 2, 2015. On June 23, 2015, the Chicago Stock Exchange, Inc. (‘‘CHX’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘SEC’’ or ‘‘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 implement CHX SNAPSM, an intra-day and ondemand auction service. The proposed rule change was published in the Federal Register for comment on July 8, 2015.3 No comments have been received. On August 6, 2015, the 12 See supra text accompanying note 4. U.S.C. 78s(b)(2). 14 17 CFR 200.30–3(a)(57). 1 15 U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 3 See Securities Exchange Act Release No. 75346 (Jul. 1, 2015), 80 FR 39172 (‘‘Notice’’). 13 15 PO 00000 Frm 00073 Fmt 4703 Sfmt 4703 54331 Commission designated a longer period within which to take action on the proposed rule change.4 On August 24, 2015, the Exchange filed Amendment No. 1 to the proposed rule change.5 The Commission is publishing this notice to solicit comments from interested persons on Amendment No. 1. Items I, II, and III below have been prepared by the Exchange. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change CHX proposes to adopt and amend rules to implement CHX SNAPSM, an intra-day and on-demand auction service. The text of this proposed rule change is available on the Exchange’s Web site at https://www.chx.com/rules/ proposed_rules.htm, 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 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. 4 See Securities Exchange Act Release No. 75630, 80 FR 48375 (Aug. 12, 2015). The Commission designated October 6, 2015 as the date by which it should either approve, disapprove, or institute proceedings to determine whether to disapprove the proposed rule change. See id. 5 Amendment No. 1 is publicly available on the Commission’s Web site at: https://www.sec.gov/ comments/sr-chx-2015-03/chx201503-1.pdf. In Amendment No. 1, the Exchange proposes to amend the minimum size requirements for the following: (1) Limit orders marked Start SNAP for securities that do not have a special minimum size requirement; and (2) SNAP AOO Orders for securities that do not have a special minimum size requirement. In the Exchange’s initial filing, it proposed tier-based minimum size requirements for Start SNAP and SNAP AOO Orders. See Notice, supra note 3, 80 FR 39174–75. In Amendment No. 1, the Exchange represents that it received feedback from certain Participants indicating that those tierbased minimum size requirements are counterintuitive and would unnecessarily complicate the programming of those Participants’ respective systems to automatically initiate and participate in SNAP Cycles. See Amendment No. 1, supra, at pg. 3. In response to that feedback, the Exchange states that it is proposing to simplify the minimum size requirements for Start SNAP and SNAP AOO Orders for securities without special minimum size requirements, as described below. See infra, Section 3. E:\FR\FM\09SEN1.SGM 09SEN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 80, Number 174 (Wednesday, September 9, 2015)]
[Notices]
[Pages 54330-54331]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-22605]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-75813; SR-NYSEArca-2015-02]


Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of 
Designation of Longer Period for Commission Action on Proceedings To 
Determine Whether To Approve or Disapprove a Proposed Rule Change, As 
Modified by Amendment No. 1 Thereto, To Amend NYSE Arca Equities Rule 
8.600 To Adopt Generic Listing Standards for Managed Fund Shares

September 2, 2015.
    On February 17, 2015, NYSE Arca, Inc. (``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 amend NYSE Arca 
Equities Rule 8.600 to adopt generic listing standards for Managed Fund 
Shares.\3\ The proposed rule change was published for comment in the 
Federal Register on March 10, 2015.\4\ The Commission initially 
received three comment letters on the proposal.\5\ On April 17, 2015, 
pursuant

[[Page 54331]]

to section 19(b)(2) of the Act,\6\ the Commission designated a longer 
period within which to either approve the proposed rule change, 
disapprove the proposed rule change, or institute proceedings to 
determine whether to disapprove the proposed rule change.\7\ On June 3, 
2015, the Exchange filed Amendment No. 1 to the proposed rule change. 
On June 11, 2015, the Commission published a notice of filing of 
Amendment No. 1 to the proposed rule change and an order instituting 
proceedings under section 19(b)(2)(B) of the Act \8\ to determine 
whether to approve or disapprove the proposed rule change, as modified 
by Amendment No. 1 thereto.\9\ The Commission subsequently received one 
additional comment letter on the proposal.\10\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ The term ``Managed Fund Share'' is defined in NYSE Arca 
Equities Rule 8.600(c)(1).
    \4\ See Securities Exchange Act Release No. 74433 (Mar. 4, 
2015), 80 FR 12690.
    \5\ See letter dated March 31, 2015 from Anonymous; letter dated 
March 31, 2015 from Dorothy Donohue, Deputy General Counsel, 
Securities Regulation, Investment Company Institute, to Brent J. 
Fields, Secretary, Commission; and letter dated March 31, 2015 from 
Thomas E. Faust Jr., Chairman and Chief Executive Officer, Eaton 
Vance Corp., to Brent J. Fields, Secretary, Commission. All comments 
to the proposed rule change are available on the Commission's Web 
site at https://www.sec.gov/comments/sr-nysearca-2015-02/nysearca201502.shtml.
    \6\ 15 U.S.C. 78s(b)(2).
    \7\ See Securities Exchange Act Release No. 74755, 80 FR 22762 
(Apr. 23, 2014). The Commission determined that it was 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 and the comments received. Accordingly, the 
Commission designated June 8, 2015 as the date by which it should 
approve, disapprove, or institute proceedings to determine whether 
to disapprove the proposed rule change.
    \8\ 15 U.S.C. 78s(b)(2)(B).
    \9\ See Securities Exchange Act Release No. 75115 (Jun. 5, 2015) 
80 FR 33309. Specifically, the Commission instituted proceedings to 
allow: (a) Commenters to address the sufficiency of the Exchange's 
statements in support of the proposal, as modified by Amendment No. 
1 thereto; (b) commenters to respond to specific questions posed by 
the Commission relating to the proposal, as modified by Amendment 
No. 1 thereto; and (c) 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.
    \10\ See letter dated July 2, 2015 from E. Russell Ives, Jr., 
President, Ives Associates, Inc., to Brent J. Fields, Secretary, 
Commission. See also supra note 5.
---------------------------------------------------------------------------

    Section 19(b)(2) of the Act \11\ 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 the 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 March 10, 2015.\12\ The 180th day after publication 
of the notice of the filing of the proposed rule change in the Federal 
Register is September 6, 2015. The 240th day after publication of the 
notice of the filing of the proposed rule change in the Federal 
Register is November 5, 2015.
---------------------------------------------------------------------------

    \11\ 15 U.S.C. 78s(b)(2).
    \12\ See supra text accompanying note 4.
---------------------------------------------------------------------------

    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, as modified by Amendment No. 1 thereto, and the issues 
raised in the comment letters submitted on the proposed rule change.
    Accordingly, the Commission, pursuant to section 19(b)(2) of the 
Act,\13\ designates November 5, 2015 as the date by which the 
Commission should either approve or disapprove the proposed rule change 
(SR-NYSEArca-2015-02).
---------------------------------------------------------------------------

    \13\ 15 U.S.C. 78s(b)(2).
    \14\ 17 CFR 200.30-3(a)(57).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\14\
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-22605 Filed 9-8-15; 8:45 am]
 BILLING CODE 8011-01-P

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