Sunshine Act Meeting, 70452 [2016-24732]
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70452
Federal Register / Vol. 81, No. 197 / Wednesday, October 12, 2016 / Notices
change would enable it to compete for
the retention of these companies by
offering them a package of
complimentary products and services
that assist their transition to being a
publicly listed operating company for
the first time.25 Further, the
Commission notes that other exchanges
have recently filed similar rule changes
with respect to the timing of
complementary services offered to
SPACs under their rules.26 The
Commission also notes that nothing in
the Exchange’s rules requires a SPAC to
remain listed on the Exchange after it
meets the Business Combination
Condition and that such company is free
to list on other markets. Accordingly,
the Commission believes that the
proposed rule reflects the current
competitive environment for exchange
listings among national securities
exchanges, and is appropriate and
consistent with Section 6(b)(8) of the
Act.27
V. Conclusion
It is therefore ordered, pursuant to
Section 19(b)(2) of the Act,28 that the
proposed rule change (SR–NYSEMKT–
2016–62) be, and it hereby is, approved.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.29
Brent J. Fields,
Secretary.
[FR Doc. 2016–24608 Filed 10–11–16; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–79049; File No. SR–
Nasdaq–2016–120]
Self-Regulatory Organizations; The
Nasdaq Stock Market LLC; Notice of
Designation of a Longer Period for
Commission Action on Proposed Rule
Change To Adopt the Third Party
Connectivity Service Under Rules
7034(b) and 7051
October 5, 2016.
mstockstill on DSK3G9T082PROD with NOTICES
On August 16, 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
25 See
Notice, supra note 3, 81 FR at 56722.
Securities Exchange Act Release No. 78782
(September 7, 2016), 81 FR 62937 (September 13,
2016) (SR–NYSE–2016–58) and Securities Exchange
Act Release No. 79025 (October 3, 2016) (SR–
NASDAQ–2016–106).
27 15 U.S.C. 78f(b)(8).
28 15 U.S.C. 78s(b)(2).
29 17 CFR 200.30–3(a)(12).
26 See
VerDate Sep<11>2014
20:13 Oct 11, 2016
Jkt 241001
of 1934 (‘‘Act’’) 1 and Rule 19b–4
thereunder,2 a proposed rule change to
adopt the Third Party Connectivity
Service under Rules 7034(b) and 7051.
The proposed rule change was
published for comment in the Federal
Register on September 2, 2016.3 The
Commission received one comment in
response to the proposal.4 The Exchange
responded to the comment on October
4, 2016.5
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 October 17,
2016. 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 as to allow sufficient
time to consider the issues raised in the
Bats Letter and NASDAQ Response.
Accordingly, the Commission, pursuant
to Section 19(b)(2) of the Act,7
designates December 1, 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–Nasdaq–2016–120).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.8
Brent J. Fields,
Secretary.
[FR Doc. 2016–24574 Filed 10–11–16; 8:45 am]
BILLING CODE 8011–01–P
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 78713
(August 29, 2016), 81 FR 60768.
4 See letter from Eric Swanson, Esq., General
Counsel, Bats Global Markets, Inc., to Brent J.
Fields, Secretary, Securities and Exchange
Commission, dated September 12, 2016 (‘‘Bats
Letter’’).
5 See letter from Jeffrey S. Davis, Vice President
and General Counsel, NASDAQ Stock Market LLC,
to Brent J. Fields, Secretary, Securities and
Exchange Commission, dated October 4, 2016
(‘‘NASDAQ Response’’).
6 15 U.S.C. 78s(b)(2).
7 Id.
8 17 CFR 200.30–3(a)(31).
2 17
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SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meeting
Notice is hereby given, pursuant to
the provisions of the Government in the
Sunshine Act, Public Law 94–409, that
the Securities and Exchange
Commission will hold a closed meeting
on Thursday, October 13, 2016 at 2 p.m.
Commissioners, Counsel to the
Commissioners, the Secretary to the
Commission, and recording secretaries
will attend the closed meeting. Certain
staff members who have an interest in
the matters also may be present.
The General Counsel of the
Commission, or her designee, has
certified that, in her opinion, one or
more of the exemptions set forth in 5
U.S.C. 552b(c)(3), (5), (7), 9(B) and (10)
and 17 CFR 200.402(a)(3), (a)(5), (a)(7),
(a)(9)(ii) and (a)(10), permit
consideration of the scheduled matter at
the closed meeting.
Commissioner Piwowar, as duty
officer, voted to consider the items
listed for the closed meeting in closed
session.
The subject matter of the closed
meeting will be:
Institution and settlement of
injunctive actions;
Institution and settlement of
administrative proceedings;
Adjudicatory matters; and
Other matters relating to enforcement
proceedings.
At times, changes in Commission
priorities require alterations in the
scheduling of meeting items.
For further information and to
ascertain what, if any, matters have been
added, deleted or postponed; please
contact Brent J. Fields from the Office of
the Secretary at (202) 551–5400.
Dated: October 6, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016–24732 Filed 10–7–16; 11:15 am]
BILLING CODE 8011–01–P
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[Federal Register Volume 81, Number 197 (Wednesday, October 12, 2016)]
[Notices]
[Page 70452]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-24732]
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SECURITIES AND EXCHANGE COMMISSION
Sunshine Act Meeting
Notice is hereby given, pursuant to the provisions of the
Government in the Sunshine Act, Public Law 94-409, that the Securities
and Exchange Commission will hold a closed meeting on Thursday, October
13, 2016 at 2 p.m.
Commissioners, Counsel to the Commissioners, the Secretary to the
Commission, and recording secretaries will attend the closed meeting.
Certain staff members who have an interest in the matters also may be
present.
The General Counsel of the Commission, or her designee, has
certified that, in her opinion, one or more of the exemptions set forth
in 5 U.S.C. 552b(c)(3), (5), (7), 9(B) and (10) and 17 CFR
200.402(a)(3), (a)(5), (a)(7), (a)(9)(ii) and (a)(10), permit
consideration of the scheduled matter at the closed meeting.
Commissioner Piwowar, as duty officer, voted to consider the items
listed for the closed meeting in closed session.
The subject matter of the closed meeting will be:
Institution and settlement of injunctive actions;
Institution and settlement of administrative proceedings;
Adjudicatory matters; and
Other matters relating to enforcement proceedings.
At times, changes in Commission priorities require alterations in
the scheduling of meeting items.
For further information and to ascertain what, if any, matters have
been added, deleted or postponed; please contact Brent J. Fields from
the Office of the Secretary at (202) 551-5400.
Dated: October 6, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016-24732 Filed 10-7-16; 11:15 am]
BILLING CODE 8011-01-P
