Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade Shares of the JPMorgan Diversified Event Driven ETF Under NYSE Arca Equities Rule 8.600, 57960 [2016-20204]
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Federal Register / Vol. 81, No. 164 / Wednesday, August 24, 2016 / Notices
protection of investors and the public
interest, in the context of the limited
permitted activities of CABs. Although
FINRA is providing flexibility to CABs,
we note that FINRA states that a CAB’s
supervisory procedures must be
appropriate for the member’s business,
size, structure and customers, and that
FINRA will monitor, as part of its
examination and surveillance process,
the development and operation of CABs’
business to identify emergency or
business disruptions at CABs that affect
the ability of the members to meet their
existing obligations to investors and
issuers. Accordingly, the Commission
believes that the proposed rule change
is reasonably designed to prevent
fraudulent and manipulative acts and
practices, to promote just and equitable
principles of trade, and, in general, to
protect investors and the public interest
consistent with Section 15A(b)(6) of the
Exchange Act.
IV. Conclusion
For the reasons discussed above, the
Commission finds that the rule change,
as modified by Amendment Nos. 1 and
2, is consistent with the Exchange Act
and the rules and regulations
thereunder, in particular with Section
15A(b)(6) of the Exchange Act, which
requires in part that FINRA’s rules be
designed to prevent fraudulent and
manipulative acts and practices, to
promote just and equitable principles of
trade, and, in general, to protect
investors and the public interest.121
It Is Therefore Ordered, pursuant to
Section 19(b)(2) of the Act,122 that the
rule change, SR–FINRA–2015–054, as
modified by Amendment Nos. 1 and 2,
be, and hereby is, approved.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.123
Robert Errett,
Deputy Secretary.
[FR Doc. 2016–20211 Filed 8–23–16; 8:45 am]
mstockstill on DSK3G9T082PROD with NOTICES
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–78610; File No. SR–
NYSEArca–2016–82]
[FR Doc. 2016–20204 Filed 8–23–16; 8:45 am]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Designation of a
Longer Period for Commission Action
on a Proposed Rule Change To List
and Trade Shares of the JPMorgan
Diversified Event Driven ETF Under
NYSE Arca Equities Rule 8.600
BILLING CODE 8011–01–P
August 18, 2016.
Self-Regulatory Organizations;
Municipal Securities Rulemaking
Board; Notice of Filing of Amendment
No. 1 and Order Granting Accelerated
Approval of a Proposed Rule Change,
as Modified by Amendment No. 1,
Consisting of Proposed Amendments
to Rule G–12, on Uniform Practice,
Regarding Close-Out Procedures for
Municipal Securities
On June 20, 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 list and trade shares of the
JPMorgan Diversified Event Driven ETF
under NYSE Arca Equities Rule 8.600.
The proposed rule change was
published for comment in the Federal
Register on July 7, 2016.3 The
Commission received no comment
letters on the proposed rule change.
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 August 21,
2016. The Commission is extending this
45-day time period.
The Commission finds that it is
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. Accordingly, the
Commission, pursuant to Section
19(b)(2) of the Act,5 designates October
5, 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–
NYSEArca–2016–82).
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 78218
(Jul. 1, 2016), 81 FR 44339.
4 15 U.S.C. 78s(b)(2).
5 Id.
2 17
121 See
15 U.S.C. 78o–3(b)(6).
U.S.C. 78s(b)(2).
123 17 CFR 200.30–3(a)(12).
122 15
VerDate Sep<11>2014
20:16 Aug 23, 2016
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For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
Robert W. Errett,
Deputy Secretary.
PO 00000
Frm 00084
Fmt 4703
Sfmt 4703
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–78611; File No. SR–MSRB–
2016–07]
August 18, 2016.
I. Introduction
On May 11, 2016, the Municipal
Securities Rulemaking Board (the
‘‘MSRB’’ or ‘‘Board’’) filed with the
Securities and Exchange Commission
(the ‘‘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 consisting of proposed
amendments to Rule G–12, on uniform
practice, regarding close-out procedures
for municipal securities. The proposed
rule change was published for comment
in the Federal Register on June 1, 2016.3
The Commission received three
comment letters on the proposal.4 On
July 25, 2016, the MSRB responded to
the comments 5 and filed Amendment
No. 1 to the proposed rule change.6 The
6 17
CFR 200.30–3(a)(31).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b-4.
3 Securities Exchange Act Release No. 77903 (May
25, 2016) (the ‘‘Proposing Release’’), 81 FR 35111
(June 1, 2016).
4 See Letters to Secretary, Commission, from
Leslie M. Norwood, Managing Director and
Associate General Counsel, Securities Industry and
Financial Markets Association (‘‘SIFMA’’), dated
June 22, 2016 (the ‘‘SIFMA Letter’’); Michael
Nicholas, Chief Executive Officer, Bond Dealers of
America (‘‘BDA’’), dated June 22, 2016 (the ‘‘BDA
Letter’’); and David T. Bellaire, Esq., Executive Vice
president and General Counsel, Financial Services
Institute (‘‘FSI’’), dated June 22, 2016 (the ‘‘FSI
Letter’’).
5 See Letter to Secretary, Commission, from
Michael Cowart, Deputy Director, Professional
Qualifications and Assistant General Counsel,
MSRB, dated July 25, 2016 (the ‘‘MSRB Response
and Amendment Letter’’), available at https://
www.sec.gov/comments/sr-msrb-2016-07/
msrb201607-4.pdf.
6 Id. In Amendment No. 1, the MSRB partially
amended the text of the original proposed rule
1 15
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[Federal Register Volume 81, Number 164 (Wednesday, August 24, 2016)]
[Notices]
[Page 57960]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-20204]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-78610; File No. SR-NYSEArca-2016-82]
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of
Designation of a Longer Period for Commission Action on a Proposed Rule
Change To List and Trade Shares of the JPMorgan Diversified Event
Driven ETF Under NYSE Arca Equities Rule 8.600
August 18, 2016.
On June 20, 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 list and trade shares of the
JPMorgan Diversified Event Driven ETF under NYSE Arca Equities Rule
8.600. The proposed rule change was published for comment in the
Federal Register on July 7, 2016.\3\ The Commission received no comment
letters on the proposed rule change.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 78218 (Jul. 1,
2016), 81 FR 44339.
---------------------------------------------------------------------------
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 August 21, 2016. The Commission is extending this 45-day time
period.
---------------------------------------------------------------------------
\4\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------
The Commission finds that it is 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.
Accordingly, the Commission, pursuant to Section 19(b)(2) of the
Act,\5\ designates October 5, 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-NYSEArca-2016-82).
---------------------------------------------------------------------------
\5\ Id.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\6\
---------------------------------------------------------------------------
\6\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-20204 Filed 8-23-16; 8:45 am]
BILLING CODE 8011-01-P
