Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change Relating to a Change to the Underlying Index for the PowerShares Build America Bond Portfolio, 43327 [2016-15579]
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Federal Register / Vol. 81, No. 127 / Friday, July 1, 2016 / Notices
proceedings to determine whether to
disapprove, the proposed rule change
(File No. SR–NYSEArca–2016–62).
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–78157; File No. SR–
NYSEArca–2016–62]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Designation of a
Longer Period for Commission Action
on Proposed Rule Change Relating to
a Change to the Underlying Index for
the PowerShares Build America Bond
Portfolio
asabaliauskas on DSK3SPTVN1PROD with NOTICES
June 27, 2016.
On May 3, 2016, 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: (1) Change the index
underlying the PowerShares Build
America Bond Portfolio (‘‘Fund’’); (2)
change the name of the Fund as a result
of the proposed change to the
underlying index; and (3) permit the
continued listing and trading of shares
of the Fund as a result of the change to
the underlying index. The proposed rule
change was published for comment in
the Federal Register on May 23, 2016.3
The Commission has received no
comment letters on the proposal.
Section 19(b)(2) of the Act 4 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 July 7, 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.
Accordingly, the Commission, pursuant
to Section 19(b)(2) of the Act,5
designates August 19, 2016, as the date
by which the Commission shall either
approve or disapprove, or institute
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 77849
(May 17, 2016), 81 FR 32371.
4 15 U.S.C. 78s(b)(2).
5 Id.
2 17
VerDate Sep<11>2014
19:05 Jun 30, 2016
Jkt 238001
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016–15579 Filed 6–30–16; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–78175; File No. SR–
NASDAQ–2016–088]
Self-Regulatory Organizations; The
NASDAQ Stock Market LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change To Reduce the
Fees for Certain Real Estate
Investment Trusts Listed on Nasdaq
June 28, 2016.
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 June 14,
2016, The NASDAQ Stock Market LLC
(‘‘Nasdaq’’ or ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘SEC’’ or ‘‘Commission’’) the proposed
rule change as described in Items I and
II 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.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to reduce the
fees for certain Real Estate Investment
Trusts (‘‘REITs’’) listed on Nasdaq.
The text of the proposed rule change
is set forth below. Proposed new
language is in italics; deleted text is in
brackets.
*
*
*
*
*
IM–5910–1. All-Inclusive Annual
Listing Fee
(a)–(c) No change.
(d) The All-Inclusive Annual Listing
Fee will be calculated on total shares
outstanding according to the following
schedules:
(1) All domestic and foreign
Companies listing equity securities,
except as described below:
Up to 10 million shares $45,000
10+ to 50 million shares $55,000
6 17
CFR 200.30–3(a)(31).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
1 15
PO 00000
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43327
50+ to 75 million shares $75,000
75+ to 100 million shares $100,000
100+ to 125 million shares $125,000
125+ to 150 million shares $135,000
Over 150 million shares $155,000
Real Estate Investment Trusts (REITs)
are subject to the same fee schedule as
other equity securities. For the purpose
of determining the total shares
outstanding, shares outstanding of all
members in a REIT Family listed on the
Nasdaq Global Market may be
aggregated. The maximum annual fee
applicable to such a REIT Family shall
not exceed $155,000. For purposes of
this rule, a ‘‘REIT Family’’ means three
or more REITs that are provided
management services by the same entity
or by entities under common control.
(2)–(3) No change.
(e) No change.
*
*
*
*
*
IM–5920–1. All-Inclusive Annual
Listing Fee
(a)–(c) No change.
(d) The All-Inclusive Annual Listing
Fee will be calculated on total shares
outstanding according to the following
schedules:
(1) All domestic and foreign
Companies listing equity securities,
except as described below:
Up to 10 million shares $42,000
10+ to 50 million shares $55,000
Over 50 million shares $75,000
Real Estate Investment Trusts (REITs)
are subject to the same fee schedule as
other equity securities. For the purpose
of determining the total shares
outstanding, shares outstanding of all
members in a REIT Family listed on the
Nasdaq Capital Market may be
aggregated. The maximum annual fee
applicable to such a REIT Family shall
not exceed $75,000. For purposes of this
rule, a ‘‘REIT Family’’ means three or
more REITs that are provided
management services by the same entity
or by entities under common control.
(2)–(3) No change.
(e) No change.
*
*
*
*
*
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
E:\FR\FM\01JYN1.SGM
01JYN1
Agencies
[Federal Register Volume 81, Number 127 (Friday, July 1, 2016)]
[Notices]
[Page 43327]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-15579]
[[Page 43327]]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-78157; File No. SR-NYSEArca-2016-62]
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of
Designation of a Longer Period for Commission Action on Proposed Rule
Change Relating to a Change to the Underlying Index for the PowerShares
Build America Bond Portfolio
June 27, 2016.
On May 3, 2016, 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: (1) Change the index
underlying the PowerShares Build America Bond Portfolio (``Fund''); (2)
change the name of the Fund as a result of the proposed change to the
underlying index; and (3) permit the continued listing and trading of
shares of the Fund as a result of the change to the underlying index.
The proposed rule change was published for comment in the Federal
Register on May 23, 2016.\3\ The Commission has received no comment
letters on the proposal.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 77849 (May 17,
2016), 81 FR 32371.
---------------------------------------------------------------------------
Section 19(b)(2) of the Act \4\ 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 July 7, 2016. The Commission is extending this 45-day time period.
---------------------------------------------------------------------------
\4\ 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,\5\ designates
August 19, 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-2016-62).
---------------------------------------------------------------------------
\5\ Id.
\6\ 17 CFR 200.30-3(a)(31).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\6\
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-15579 Filed 6-30-16; 8:45 am]
BILLING CODE 8011-01-P