Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change To Adopt a New Policy Relating to Trade Reports for Exchange Traded Products, 79963 [2015-32187]

Download as PDF Federal Register / Vol. 80, No. 246 / Wednesday, December 23, 2015 / Notices the captioned dockets are consistent with the policies of 39 U.S.C. 3632, 3633, or 3642, 39 CFR part 3015, and 39 CFR part 3020, subpart B. Comments are due no later than January 7, 2016. The public portions of these filings can be accessed via the Commission’s Web site (https://www.prc.gov). The Commission appoints Curtis E. Kidd to serve as Public Representative in these dockets. III. Ordering Paragraphs It is ordered: 1. The Commission establishes Docket Nos. MC2016–41 and CP2016–50 to consider the matters raised in each docket. 2. Pursuant to 39 U.S.C. 505, Curtis E. Kidd is appointed to serve as an officer of the Commission to represent the interests of the general public in these proceedings (Public Representative). 3. Comments are due no later than January 7, 2016. 4. The Secretary shall arrange for publication of this order in the Federal Register. By the Commission. Stacy L. Ruble, Secretary. [FR Doc. 2015–32236 Filed 12–22–15; 8:45 am] BILLING CODE 7710–FW–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–76673; File No. SR– NYSEArca–2015–104] Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change To Adopt a New Policy Relating to Trade Reports for Exchange Traded Products tkelley on DSK3SPTVN1PROD with NOTICES On October 28, 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 rule change proposing a new policy related to the Exchange’s treatment of trade reports for ‘‘Exchange Traded Products’’ 3 that it determines to be inconsistent with the prevailing 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 For purposes of this proposed rule change, ‘‘Exchange Traded Products’’ include exchangetraded funds, exchange-traded notes, and exchangetraded vehicles. See Securities Exchange Act Release No. 76431 (Nov. 12, 2015), 80 FR 72126, n.4 (Nov. 18, 2015) (SR–NYSEArca–2015–104) (‘‘Notice’’). 2 17 18:05 Dec 22, 2015 For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.8 Robert W. Errett, Deputy Secretary. [FR Doc. 2015–32187 Filed 12–22–15; 8:45 am] December 17, 2015. VerDate Sep<11>2014 market. The proposed rule change was published for comment in the Federal Register on November 18, 2015.4 The Commission has received two comment letters on the proposal.5 Section 19(b)(2) of the Act 6 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 after publication of the notice for this proposed rule change is January 2, 2016. The Commission is extending this 45day 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 and the comments received. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,7 designates February 16, 2016, as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change (File No. SR–NYSEArca– 2015–104) Jkt 238001 BILLING CODE 8011–01–P 4 See Notice, supra note 3. Letter from Gary Gastineau, ETF Consultants.com, Inc., to the Commission (Nov. 27, 2015); Letter from James J. Angel, Associate Professor, Georgetown University, to the Commission (Dec. 5, 2015). All comments on the proposed rule change are available on the Commission’s Web site at: https://www.sec.gov/ comments/sr-nysearca-2015-104/ nysearca2015104.shtml. 6 15 U.S.C. 78s(b)(2). 7 Id. 8 17 CFR 200.30–3(a)(31). 5 See PO 00000 Frm 00147 Fmt 4703 Sfmt 4703 79963 SECURITIES AND EXCHANGE COMMISSION [Release No. 34–76676; File No. SR–CBOE– 2015–099] Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Order Granting Approval of a Proposed Rule Change, as Modified by Amendment Nos. 1 and 2, To List and Trade Options That Overlie a Reduced Value of the FTSE China 50 Index December 17, 2015. I. Introduction On October 30, 2015, the Chicago Board Options Exchange, Incorporated (‘‘Exchange’’ or ‘‘CBOE’’) 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 list and trade options that overlie a reduced value of the FTSE China 50 Index. The proposed rule change was published for comment in the Federal Register on November 10, 2015.3 The Commission received no comments on the proposed rule change. On December 14, 2015, the Exchange filed Amendment No. 1 to the proposed rule change.4 On December 16, 2015, the Exchange filed Amendment No. 2 to the proposed rule change.5 This order grants approval of the proposed rule 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Securities Exchange Act Release No. 76354 (November 4, 2015), 80 FR 69741 (‘‘Notice’’). 4 Amendment No. 1 makes certain technical modifications to Exhibit 5, and the corresponding cross references in the Form 19b–4, due to the recent approval of another proposed rule change (See SR–CBOE–2015–100, Securities Exchange Act Release No. 76626 (December 11, 2015), 80 FR 78793 (December 17, 2015)), and to remove a reference to ‘‘(1/100th)’’ that was inadvertently included. Amendment No. 1 conforms a phrase in Exhibit 3 relating to when the official closing value of the FTSE China 50 Index is reported by FTSE International Limited (‘‘FTSE’’) to the corresponding description in Form 19b–4. As described in Form 19b–4, the official closing value, due to the time zone in Hong Kong and as explained in more detail in the rest of the filing and rule text, is on the day that the contract expires. Amendment No. 1 also revises rule text to make an additional technical edit. As the changes made by Amendment No. 1 are technical in nature and do not materially alter the substance of the proposed rule change or raise any novel regulatory issues, Amendment No. 1 is not subject to notice and comment. 5 Amendment No. 2 corrects a typographical error in Exhibit 4 of Amendment No. 1. As the change made by Amendment No. 2 is technical in nature and does not materially alter the substance of the proposed rule change or raise any novel regulatory issues, Amendment No. 2 is not subject to notice and comment. 2 17 E:\FR\FM\23DEN1.SGM 23DEN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 80, Number 246 (Wednesday, December 23, 2015)]
[Notices]
[Page 79963]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-32187]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-76673; File No. SR-NYSEArca-2015-104]


Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change To Adopt a New Policy Relating to Trade Reports for Exchange 
Traded Products

December 17, 2015.
    On October 28, 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 rule change proposing a new policy 
related to the Exchange's treatment of trade reports for ``Exchange 
Traded Products'' \3\ that it determines to be inconsistent with the 
prevailing market. The proposed rule change was published for comment 
in the Federal Register on November 18, 2015.\4\ The Commission has 
received two comment letters on the proposal.\5\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ For purposes of this proposed rule change, ``Exchange Traded 
Products'' include exchange-traded funds, exchange-traded notes, and 
exchange-traded vehicles. See Securities Exchange Act Release No. 
76431 (Nov. 12, 2015), 80 FR 72126, n.4 (Nov. 18, 2015) (SR-
NYSEArca-2015-104) (``Notice'').
    \4\ See Notice, supra note 3.
    \5\ See Letter from Gary Gastineau, ETF Consultants.com, Inc., 
to the Commission (Nov. 27, 2015); Letter from James J. Angel, 
Associate Professor, Georgetown University, to the Commission (Dec. 
5, 2015). All comments on the proposed rule change are available on 
the Commission's Web site at: https://www.sec.gov/comments/sr-nysearca-2015-104/nysearca2015104.shtml.
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    Section 19(b)(2) of the Act \6\ 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 after publication of the notice for this proposed rule change 
is January 2, 2016. The Commission is extending this 45-day time 
period.
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    \6\ 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 and the comments 
received. Accordingly, the Commission, pursuant to Section 19(b)(2) of 
the Act,\7\ designates February 16, 2016, as the date by which the 
Commission shall either approve or disapprove, or institute proceedings 
to determine whether to disapprove, the proposed rule change (File No. 
SR-NYSEArca-2015-104)
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    \7\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\8\
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    \8\ 17 CFR 200.30-3(a)(31).
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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-32187 Filed 12-22-15; 8:45 am]
BILLING CODE 8011-01-P

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