Self-Regulatory Organizations; NYSE MKT LLC; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change Deleting Rule 410B-Equities Governing Reporting Requirements for Off-Exchange Transactions, 79640 [2015-32050]
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Federal Register / Vol. 80, No. 245 / Tuesday, December 22, 2015 / Notices
Commission Finding
Based on the representations and
conditions in the application, the
Commission permits the temporary
suspension of the right of redemption
for the protection of the Fund’s security
holders. Under the circumstances
described in the application, which
require immediate action to protect the
Fund’s security holders, the
Commission concludes that it is not
practicable to give notice or an
opportunity to request a hearing before
issuing the order.
IT IS ORDERED, pursuant to Section
22(e)(3) of the Act, that the requested
relief from Section 22(e) of the Act is
granted with respect to the Fund until
it has liquidated, or until the
Commission rescinds the order granted
herein. This order shall be in effect as
of December 16, 2015, with suspension
of redemption requests as requested by
the Applicants to be effective as of
December 10, 2015.
By the Commission.
Brent J. Fields,
Secretary.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.5
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015–32079 Filed 12–21–15; 8:45 am]
BILLING CODE 8011–01–P
[FR Doc. 2015–32050 Filed 12–21–15; 8:45 am]
SECURITIES AND EXCHANGE
COMMISSION
BILLING CODE 8011–01–P
[Release No. 34–76669; File No. SR–
NYSEMKT–2015–80]
Self-Regulatory Organizations; NYSE
MKT LLC; Notice of Designation of a
Longer Period for Commission Action
on Proposed Rule Change Deleting
Rule 410B—Equities Governing
Reporting Requirements for OffExchange Transactions
December 16, 2015.
mstockstill on DSK4VPTVN1PROD with NOTICES
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 December 17, 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.
Accordingly, the Commission,
pursuant to Section 19(b)(2) of the Act,4
designates January 31, 2016, 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–NYSEMKT–2015–80).
On October 16, 2015, NYSE MKT LLC
(the ‘‘Exchange’’ or ‘‘NYSE MKT’’) 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 delete Rule 410B—Equities
governing reporting requirements for
off-Exchange transactions. The proposed
rule change was published for comment
in the Federal Register on November 2,
2015.3
Section 19(b)(2) of the Act 3 provides
that within 45 days of the publication of
notice of the filing of a proposed rule
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 76276
(October 27, 2015), 80 FR 67454.
3 15 U.S.C. 78s(b)(2).
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–76663; File No. SR–BX–
2015–078]
Self-Regulatory Organizations;
NASDAQ OMX BX, Inc.; Notice of Filing
and Immediate Effectiveness of
Proposed Rule Change Relating to
Order Exposure
December 16, 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 December
2, 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.
VerDate Sep<11>2014
17:21 Dec 21, 2015
Jkt 238001
4 15
U.S.C. 78s(b)(2).
5 17 CFR 200.30–3(a)(31).
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
PO 00000
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Fmt 4703
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
Exchange 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 these
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 aspects 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 BX
Rules at Chapter VII, Section 12,
entitled ‘‘Order Exposure
Requirements’’ to specifically state that
orders entered into BX PRISM are not
subject to the rule at Section 12.
Recently, the Exchange’s BX PRISM rule
was approved by the Commission.3 BX
PRISM is a price-improvement
mechanism on the Exchange’s options
platform, in which a BX Participant (an
‘‘Initiating Participant’’) may
electronically submit for execution a
two-sided paired order, where one side
is an order it represents as agent on
behalf of a Public Customer,
Professional customer, broker-dealer, or
any other entity (‘‘PRISM Order’’) and
the other side is principal interest or
any other order it represents as agent (an
‘‘Initiating Order’’) provided that the
member first exposes the PRISM Order
in the PRISM Auction (‘‘Auction’’)
pursuant to the Rule. This mechanism is
3 See Securities Exchange Act Release No. 76301
(October 29, 2015), 80 FR 68347 (November 4, 2015)
(SR–BX–2015–032) (Order Granting Accelerated
Approval of a Proposed Rule Change, as Modified
by Amendment Nos. 1 and 2, To Adopt a New Price
Improvement Auction, BX PRISM).
1 15
2 17
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to amend BX
Rules at Chapter VII, Section 12,
entitled ‘‘Order Exposure
Requirements,’’ to make clear that BX
PRISM is an exception to this rule.
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.
Sfmt 4703
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22DEN1
]]>Agencies
[Federal Register Volume 80, Number 245 (Tuesday, December 22, 2015)]
[Notices]
[Page 79640]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-32050]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-76669; File No. SR-NYSEMKT-2015-80]
Self-Regulatory Organizations; NYSE MKT LLC; Notice of
Designation of a Longer Period for Commission Action on Proposed Rule
Change Deleting Rule 410B--Equities Governing Reporting Requirements
for Off-Exchange Transactions
December 16, 2015.
On October 16, 2015, NYSE MKT LLC (the ``Exchange'' or ``NYSE
MKT'') 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 delete Rule 410B--Equities governing reporting
requirements for off-Exchange transactions. The proposed rule change
was published for comment in the Federal Register on November 2,
2015.\3\
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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. 76276 (October 27,
2015), 80 FR 67454.
---------------------------------------------------------------------------
Section 19(b)(2) of the Act \3\ 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 December 17, 2015. The Commission is
extending this 45-day time period.
---------------------------------------------------------------------------
\3\ 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 this proposed rule change.
Accordingly, the Commission, pursuant to Section 19(b)(2) of the
Act,\4\ designates January 31, 2016, 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-NYSEMKT-2015-80).
---------------------------------------------------------------------------
\4\ 15 U.S.C. 78s(b)(2).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\5\
---------------------------------------------------------------------------
\5\ 17 CFR 200.30-3(a)(31).
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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-32050 Filed 12-21-15; 8:45 am]
BILLING CODE 8011-01-P
