Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Withdrawal of Proposed Rule Change To Amend Rules 4702 and 4703, 31671 [2016-11761]
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Federal Register / Vol. 81, No. 97 / Thursday, May 19, 2016 / Notices
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 Number SR–
NYSE–2016–24).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
Brent J. Fields,
Secretary.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
Brent J. Fields,
Secretary.
BILLING CODE 8011–01–P
[FR Doc. 2016–11759 Filed 5–18–16; 8:45 am]
[Release No. 34–77830; File No. SR–
NYSEArca–2016–72]
BILLING CODE 8011–01–P
[Release No. 34–77831; File No. SR–
NASDAQ–2016–023]
Self-Regulatory Organizations; The
NASDAQ Stock Market LLC; Notice of
Withdrawal of Proposed Rule Change
To Amend Rules 4702 and 4703
May 13, 2016.
On February 10, 2016, The NASDAQ
Stock Market LLC (‘‘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 modify the processing of
certain orders that are eligible to
participate in the Opening Cross and
have a Pegging Attribute or are
designated for routing, and to make
technical corrections to certain rules.
The proposed rule change was
published for comment in the Federal
Register on March 1, 2016.3 The
Commission received no comment
letters on the proposal. On April 12,
2016, 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 11, 2016, the Exchange
withdrew the proposed rule change
(File No. SR–NASDAQ–2016–023).
CFR 200.30–3(a)(31).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 See Securities Exchange Act Release No. 77226
(February 24, 2016), 81 FR 10687.
4 15 U.S.C. 78s(b)(2).
5 See Securities Exchange Act Release No. 77592,
81 FR 22674 (April 18, 2016). The Commission
designated May 30, 2016, as the date by which it
should approve, disapprove, or institute
proceedings to determine whether to disapprove the
proposed rule change.
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SECURITIES AND EXCHANGE
COMMISSION
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change Relating to Changes to
Procedures Regarding Establishing
the LBMA Silver Price
SECURITIES AND EXCHANGE
COMMISSION
6 17
[FR Doc. 2016–11761 Filed 5–18–16; 8:45 am]
May 13, 2016.
Pursuant to section 19(b)(1) 1 of the
Securities Exchange Act of 1934
(‘‘Act’’) 2 and Rule 19b–4 thereunder,3
notice is hereby given that, on May 12,
2016, NYSE Arca, Inc. (‘‘Exchange’’ or
‘‘NYSE Arca’’) filed with the Securities
and Exchange Commission
(‘‘Commission’’) the proposed rule
change as described in Items I and II
below, which Items have been prepared
by the self-regulatory organization. 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 changes to
the methodology utilized by CME
Group, Inc. (‘‘CME Group’’) and
Thomson Reuters to establish the
London Bullion Market Association
(‘‘LBMA’’) Silver Price (formerly the
London Silver Price). The LBMA Silver
Price is the price used with respect to
calculation of the net asset value for the
iShares Silver Trust, ETFS Silver Trust,
and ETFS Precious Metals Basket Trust,
each of which is currently listed on the
Exchange under NYSE Arca Equities
Rule 8.201, and is the underlying
benchmark for ProShares Ultra Silver
and ProShares UltraShort Silver, each of
which is currently listed on the
Exchange under NYSE Arca Equities
Rule 8.200. 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.
6 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 15 U.S.C. 78a.
3 17 CFR 240.19b–4.
Frm 00086
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
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 the
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange is submitting this
proposed rule change in connection
with changes to the methodology, as
described below, used by CME Group
and Thomson Reuters to establish the
LBMA Silver Price (formerly the
London Silver Price), to be implemented
on May 16, 2016. The LBMA Silver
Price is the price used with respect to
calculation of the net asset value for the
iShares Silver Trust, ETFS Silver Trust,
and ETFS Precious Metals Basket Trust
(together, the ‘‘Silver Trusts’’), each of
which is currently listed on the
Exchange under NYSE Arca Equities
Rule 8.201 (Commodity-Based Trust
Shares), and is the underlying
benchmark for ProShares Ultra Silver
and ProShares UltraShort Silver
(together, the ‘‘Silver Funds’’), each of
which is currently listed on the
Exchange under NYSE Arca Equities
Rule 8.200 (Trust Issued Receipts).4
As of August 14, 2014, the London
Silver Price (now known as the ‘‘LBMA
Silver Price’’) replaced the ‘‘London
Silver Fix’’ as the mechanism for pricing
silver. As of such date, CME Group has
provided the price platform and
methodology for the LBMA Silver Price
and Thomson Reuters has been
responsible for governance and
oversight of the LBMA Silver Price.
Currently, six price participants have
been accredited to contribute to the
LBMA Silver Price as follows: China
Construction Bank, HSBC Bank USA
NA, JPMorgan Chase Bank, The Bank of
Nova Scotia—ScotiaMocatta, The
Toronto Dominion Bank and UBS AG.
In connection with implementation of
the LBMA Silver Price as a replacement
4 ETFS White Metals Basket Trust, shares of
which were previously listed and traded on the
Exchange under NYSE Arca Equities Rule 8.201,
was delisted from the Exchange on March 3, 2016.
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31671
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]]>Agencies
[Federal Register Volume 81, Number 97 (Thursday, May 19, 2016)]
[Notices]
[Page 31671]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-11761]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-77831; File No. SR-NASDAQ-2016-023]
Self-Regulatory Organizations; The NASDAQ Stock Market LLC;
Notice of Withdrawal of Proposed Rule Change To Amend Rules 4702 and
4703
May 13, 2016.
On February 10, 2016, The NASDAQ Stock Market LLC (``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
modify the processing of certain orders that are eligible to
participate in the Opening Cross and have a Pegging Attribute or are
designated for routing, and to make technical corrections to certain
rules. The proposed rule change was published for comment in the
Federal Register on March 1, 2016.\3\ The Commission received no
comment letters on the proposal. On April 12, 2016, 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 11, 2016, the Exchange
withdrew the proposed rule change (File No. SR-NASDAQ-2016-023).
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 77226 (February 24,
2016), 81 FR 10687.
\4\ 15 U.S.C. 78s(b)(2).
\5\ See Securities Exchange Act Release No. 77592, 81 FR 22674
(April 18, 2016). The Commission designated May 30, 2016, as the
date by which it should approve, disapprove, or institute
proceedings to determine whether to disapprove the proposed rule
change.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\6\
---------------------------------------------------------------------------
\6\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Brent J. Fields,
Secretary.
[FR Doc. 2016-11761 Filed 5-18-16; 8:45 am]
BILLING CODE 8011-01-P
