Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule Change Amending Its Listing Standard for Special Purpose Acquisition Companies To Change Shareholder Vote Requirement for the Approval of a Business Combination, 23123-23125 [2017-10132]

Download as PDF Federal Register / Vol. 82, No. 96 / Friday, May 19, 2017 / Notices Electronic Comments 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 BILLING CODE 8011–01–P • Use the Commission’s Internet comment form (http://www.sec.gov/ rules/sro.shtml); or • Send an email to rule-comments@ sec.gov. Please include File Number SR– OCC–2017–012 on the subject line. Paper Comments • Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549–1090. asabaliauskas on DSK3SPTVN1PROD with NOTICES For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.21 Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017–10127 Filed 5–18–17; 8:45 am] arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: All submissions should refer to File Number SR–OCC–2017–012. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s Internet Web site (http://www.sec.gov/ rules/sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for Web site viewing and printing in the Commission’s Public Reference Room, 100 F Street NE., Washington, DC 20549, on official business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of such filing also will be available for inspection and copying at the principal office of OCC and on OCC’s Web site at http://www.theocc.com/components/ docs/legal/rules_and_bylaws/sr_occ_17_ 012.pdf. All comments received will be posted without change; the Commission does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR–OCC–2017–012 and should be submitted on or before June 9, 2017. SECURITIES AND EXCHANGE COMMISSION [Release No. 34–80677; File No. SR–NYSE– 2017–20] Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule Change Amending Its Listing Standard for Special Purpose Acquisition Companies To Change Shareholder Vote Requirement for the Approval of a Business Combination May 15, 2017. 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 1, 2017, New York Stock Exchange LLC (‘‘NYSE’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change as described in Items I, II, and III 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 amend its listing standard for Acquisition Companies (‘‘ACs’’) to change its shareholder vote requirement for the approval of a Business Combination. 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. 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 1 15 U.S.C. 78s(b)(1). U.S.C. 78a. 3 17 CFR 240.19b–4. 2 15 21 17 CFR 200.30–3(a)(12). VerDate Sep<11>2014 19:15 May 18, 2017 23123 Jkt 241001 PO 00000 Frm 00171 Fmt 4703 Sfmt 4703 1. Purpose The Exchange proposes to amend its listing standard for Acquisition Companies (or ‘‘ACs’’) as set forth in Section 102.06 of the NYSE Listed Company Manual (the ‘‘Manual’’) to change its shareholder vote requirement for the approval of a Business Combination. An AC (typically known in the marketplace as a special purpose acquisition company or ‘‘SPAC’’) is a special purpose company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses or assets with a fair market value equal to at least 80% of the net assets of the AC held in trust (net of amounts disbursed to management for working capital purposes and excluding the amount of any deferred underwriting discount held in trust) (a ‘‘Business Combination’’). Section 102.06 subjects any AC listed on the NYSE to the following requirements (among others): • If the AC holds a shareholder vote on a Business Combination, it must be approved by a majority of the votes cast by public shareholders 4 at the shareholder meeting at which the Business Combination is being considered; • if a shareholder vote on a Business Combination is held, each public shareholder voting against the Business Combination will have the right to convert its shares of common stock into a pro rata share of the aggregate amount then on deposit in the trust account (net of taxes payable, and amounts disbursed to management for working capital purposes), provided that the Business Combination is approved and consummated; 5 4 Shares held by directors, officers, or their immediate families and other concentrated holding of 10 percent or more are excluded in calculating the number of publicly-held shares. 5 An AC can establish a limit (set no lower than 10% of the shares sold in the AC’s IPO) as to the maximum number of shares with respect to which any public shareholder, together with any affiliate of such shareholder or any person with whom such shareholder is acting as a ‘‘group’’ (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) may exercise conversion rights; E:\FR\FM\19MYN1.SGM 19MYN1 23124 Federal Register / Vol. 82, No. 96 / Friday, May 19, 2017 / Notices asabaliauskas on DSK3SPTVN1PROD with NOTICES • if a shareholder vote is not held on a Business Combination for which the company must file and furnish a proxy or information statement subject to Regulation 14A or 14C under the Exchange Act, the company must provide all shareholders with the opportunity to redeem all their shares for cash equal to their pro rata share of the aggregate amount then in the deposit account (net of taxes payable, and amounts disbursed to management for working capital purposes), pursuant to Rule 13e–4 and Regulation 14E under the Exchange Act, which regulates issuer tender offers; and • the AC will be liquidated if no Business Combination has been consummated within a specified time period not to exceed three years. The Exchange proposes to amend Section 102.06 by modifying its requirement that a shareholder vote approving a Business Combination be approved by a majority of the votes cast by public shareholders. The proposed amended rule would require approval by a majority of all votes cast on the proposal, rather than just votes cast by public shareholders. The Exchange notes that the proposed revision to the voting requirements would conform the NYSE’s rule to the comparable requirements under the SPAC listing standards of the NASDAQ Stock Market and NYSE MKT.6 Harmonizing the Exchange’s requirements with those of the other listing markets will enable it to compete more effectively for the listing of ACs. The Exchange believes that the proposed amended rule would be consistent with the protection of investors, as any investor who voted against a proposed Business Combination would continue to have the right to require the company to redeem such investor’s shares for cash if the Business Combination was consummated. 2. Statutory Basis The Exchange believes that the proposed rule change is consistent with Section 6(b) of the Act,7 in general, and furthers the objectives of Section 6(b)(5) 8 of the Act, in particular in that it is designed to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in regulating, clearing, settling, processing information with respect to, and facilitating transactions in securities, to remove impediments to and perfect the mechanism of a free and 6 See NASDAQ IM 5101–2 and Section 119 of the MKT Company Guide. 7 15 U.S.C. 78f(b). 8 15 U.S.C. 78f(b)(5). VerDate Sep<11>2014 19:15 May 18, 2017 Jkt 241001 open market and a national market system, and, in general, to protect investors and the public interest and is not designed to permit unfair discrimination between customers, issuers, brokers, or dealers. The Exchange believes that the proposed amended rule is consistent with the protection of investors because as any investor [sic] who voted against a proposed Business Combination would continue to have the right to require the company to redeem such investor’s shares for cash if the Business Combination was consummated. In addition, the Exchange notes that the proposed revision to the voting requirements would conform the NYSE’s rules to the comparable requirements under the SPAC listing standards of the NASDAQ Stock Market and NYSE MKT. Harmonizing the Exchange’s requirements with those of the other listing markets will enable it to compete more effectively for the listing of ACs. B. Self-Regulatory Organization’s Statement on Burden on Competition The Exchange does not believe that the proposed rule change will impose any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act. The proposed rule change is designed to harmonize the Exchange’s requirements with respect to the listing of ACs with those of the other listing exchanges and will therefore increase competition for the listing of ACs by making the Exchange a more attractive listing venue. C. Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others No written comments were solicited or received with respect to the proposed rule change. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Within 45 days of the date of publication of this notice in the Federal Register or up to 90 days (i) as the Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding or (ii) as to which the self-regulatory organization consents, the Commission will: (A) By order approve or disapprove the proposed rule change, or (B) institute proceedings to determine whether the proposed rule change should be disapproved. PO 00000 Frm 00172 Fmt 4703 Sfmt 4703 IV. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: Electronic Comments • Use the Commission’s Internet comment form (http://www.sec.gov/ rules/sro.shtml); or • Send an email to rule-comments@ sec.gov. Please include File Number SR– NYSE–2017–20 on the subject line. Paper Comments • Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549–1090. All submissions should refer to File Number SR–NYSE–2017–20. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s Internet Web site (http://www.sec.gov/ rules/sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for Web site viewing and printing in the Commission’s Public Reference Room, 100 F Street NE., Washington, DC 20549, on official business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of such filing also will be available for inspection and copying at the principal office of the Exchange. All comments received will be posted without change; the Commission does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR–NYSE– 2017–20 and should be submitted on or before June 9, 2017. E:\FR\FM\19MYN1.SGM 19MYN1 Federal Register / Vol. 82, No. 96 / Friday, May 19, 2017 / Notices For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.9 Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017–10132 Filed 5–18–17; 8:45 am] DEPARTMENT OF STATE [Public Notice: 9988] 60-Day Notice of Proposed Information Collection: NEA/AC Performance Reporting System (ACPRS) BILLING CODE 8011–01–P Notice of request for public comment. ACTION: SMALL BUSINESS ADMINISTRATION [Disaster Declaration #15098 and #15099] Nevada Disaster Number NV–00048 U.S. Small Business Administration. AGENCY: ACTION: Amendment 1. This is an amendment of the Presidential declaration of a major disaster for Public Assistance Only for the State of NEVADA (FEMA–4307– DR), dated 03/27/2017. Incident: Severe Winter Storms, Flooding, and Mudslides. Incident Period: 02/05/2017 through 02/22/2017. Effective Date: 05/12/2017. Physical Loan Application Deadline Date: 05/26/2017. Economic Injury (EIDL) Loan Application Deadline Date: 12/27/2017. SUMMARY: Submit completed loan applications to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155. ADDRESSES: A. Escobar, Office of Disaster Assistance, U.S. Small Business Administration, 409 3rd Street SW., Suite 6050, Washington, DC 20416, (202) 205–6734. FOR FURTHER INFORMATION CONTACT: The notice of the President’s major disaster declaration for Private Non-Profit organizations in the State of NEVADA, dated 03/27/2017, is hereby amended to include the following areas as adversely affected by the disaster. SUPPLEMENTARY INFORMATION: Primary Counties: Churchill, Storey asabaliauskas on DSK3SPTVN1PROD with NOTICES All other information in the original declaration remains unchanged. (Catalog of Federal Domestic Assistance Number 59008) James E. Rivera, Associate Administrator for Disaster Assistance. [FR Doc. 2017–10152 Filed 5–18–17; 8:45 am] BILLING CODE 8025–01–P 9 17 CFR 200.30–3(a)(12). VerDate Sep<11>2014 19:15 May 18, 2017 Jkt 241001 The Department of State is seeking Office of Management and Budget (OMB) approval for the information collection described below. In accordance with the Paperwork Reduction Act of 1995, we are requesting comments on this collection from all interested individuals and organizations. The purpose of this notice is to allow 60 days for public comment preceding submission of the collection to OMB. DATES: The Department will accept comments from the public up to July 18, 2017. ADDRESSES: You may submit comments by any of the following methods: • Web: Persons with access to the Internet may comment on this notice by going to www.Regulations.gov. You can search for the document by entering ‘‘Docket Number: DOS–2017–0022’’ in the Search field. Then click the ‘‘Comment Now’’ button and complete the comment form. • Email: SibrianHE@state.gov. • Regular Mail: Send written comments to: Hainer Sibrian, PROTelligent Contractor, Near Eastern Affairs, NEA/AC, 2201 C St. NW., Washington, DC 20037 • Fax: 202–776–8820. You must include the information collection title and the OMB control number in any correspondence. FOR FURTHER INFORMATION CONTACT: Direct requests for additional information regarding the collection listed in this notice, including requests for copies of the proposed collection instrument and supporting documents, may be made to Hainer Sibrian, TetraTech/PRO-Telligent Contractor, U.S. Department of State, Bureau of Near Eastern Affairs, Office of Assistance Coordination (NEA/AC), NEA Mail Room—Room 6528, 2201 C St. NW., Washington, DC 20520. He may be reached by phone at 202–776–8826 or by email at SibrianHE@state.gov. SUPPLEMENTARY INFORMATION: • Title of Information Collection: NEA/AC Performance Reporting System (ACPRS). • OMB Control Number: 1405–0183. • Type of Request: Extension of a Currently Approved Collection. • Originating Office: NEA/AC. SUMMARY: PO 00000 Frm 00173 Fmt 4703 Sfmt 4703 23125 • Form Number: DS–4127. • Respondents: Recipients of NEA/ AC grants. • Estimated Number of Respondents: 240. • Estimated Number of Responses: 960. • Average Time per Response: 20 hours. • Total Estimated Burden Time: 19,200 hours. • Frequency: Quarterly. • Obligation to Respond: Mandatory. We are soliciting public comments to permit the Department to: • Evaluate whether the proposed information collection is necessary for the proper functions of the Department. • Evaluate the accuracy of our estimate of the time and cost burden for this proposed collection, including the validity of the methodology and assumptions used. • Enhance the quality, utility, and clarity of the information to be collected. • Minimize the reporting burden on those who are to respond, including the use of automated collection techniques or other forms of information technology. Please note that comments submitted in response to this Notice are public record. Before including any detailed personal information, you should be aware that your comments as submitted, including your personal information, will be available for public review. Abstract of proposed collection: The Assistance Coordination (AC) Office, established in June 2014, coordinates United States government foreign assistance in the Middle East and North Africa region for the Department of State, and manages the implementation of all the assistance functions within the Department of State’s Bureau of Near Eastern Affairs. In fiscal year 2017, the AC office expects to obligate over $142 million to support economic development, good governance, education, democracy programs, and human rights reform in 20 countries of the Middle East and North Africa. As a normal course of business and in compliance with OMB Guidelines contained in 2 CFR 200, recipient organizations are required to provide, and the U.S. Department of State is required to collect, periodic program and financial performance reports. The responsibility of the Department to track and monitor the programmatic and financial performance necessitates a database that can help facilitate this in a consistent and standardized manner. The NEA/AC Performance Reporting System (ACPRS) enables enhanced monitoring and evaluation of grants E:\FR\FM\19MYN1.SGM 19MYN1

Agencies

[Federal Register Volume 82, Number 96 (Friday, May 19, 2017)]
[Notices]
[Pages 23123-23125]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-10132]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-80677; File No. SR-NYSE-2017-20]


Self-Regulatory Organizations; New York Stock Exchange LLC; 
Notice of Filing of Proposed Rule Change Amending Its Listing Standard 
for Special Purpose Acquisition Companies To Change Shareholder Vote 
Requirement for the Approval of a Business Combination

May 15, 2017.
    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 1, 2017, New York Stock Exchange LLC (``NYSE'' or 
``Exchange'') filed with the Securities and Exchange Commission 
(``Commission'') the proposed rule change as described in Items I, II, 
and III 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.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 15 U.S.C. 78a.
    \3\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------

I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The Exchange proposes to amend its listing standard for Acquisition 
Companies (``ACs'') to change its shareholder vote requirement for the 
approval of a Business Combination. 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.

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 proposes to amend its listing standard for Acquisition 
Companies (or ``ACs'') as set forth in Section 102.06 of the NYSE 
Listed Company Manual (the ``Manual'') to change its shareholder vote 
requirement for the approval of a Business Combination.
    An AC (typically known in the marketplace as a special purpose 
acquisition company or ``SPAC'') is a special purpose company formed 
for the purpose of effecting a merger, capital stock exchange, asset 
acquisition, stock purchase, reorganization or similar business 
combination with one or more operating businesses or assets with a fair 
market value equal to at least 80% of the net assets of the AC held in 
trust (net of amounts disbursed to management for working capital 
purposes and excluding the amount of any deferred underwriting discount 
held in trust) (a ``Business Combination'').
    Section 102.06 subjects any AC listed on the NYSE to the following 
requirements (among others):
     If the AC holds a shareholder vote on a Business 
Combination, it must be approved by a majority of the votes cast by 
public shareholders \4\ at the shareholder meeting at which the 
Business Combination is being considered;
---------------------------------------------------------------------------

    \4\ Shares held by directors, officers, or their immediate 
families and other concentrated holding of 10 percent or more are 
excluded in calculating the number of publicly-held shares.
---------------------------------------------------------------------------

     if a shareholder vote on a Business Combination is held, 
each public shareholder voting against the Business Combination will 
have the right to convert its shares of common stock into a pro rata 
share of the aggregate amount then on deposit in the trust account (net 
of taxes payable, and amounts disbursed to management for working 
capital purposes), provided that the Business Combination is approved 
and consummated; \5\
---------------------------------------------------------------------------

    \5\ An AC can establish a limit (set no lower than 10% of the 
shares sold in the AC's IPO) as to the maximum number of shares with 
respect to which any public shareholder, together with any affiliate 
of such shareholder or any person with whom such shareholder is 
acting as a ``group'' (as such term is used in Sections 13(d) and 
14(d) of the Exchange Act) may exercise conversion rights;

---------------------------------------------------------------------------

[[Page 23124]]

     if a shareholder vote is not held on a Business 
Combination for which the company must file and furnish a proxy or 
information statement subject to Regulation 14A or 14C under the 
Exchange Act, the company must provide all shareholders with the 
opportunity to redeem all their shares for cash equal to their pro rata 
share of the aggregate amount then in the deposit account (net of taxes 
payable, and amounts disbursed to management for working capital 
purposes), pursuant to Rule 13e-4 and Regulation 14E under the Exchange 
Act, which regulates issuer tender offers; and
     the AC will be liquidated if no Business Combination has 
been consummated within a specified time period not to exceed three 
years.
    The Exchange proposes to amend Section 102.06 by modifying its 
requirement that a shareholder vote approving a Business Combination be 
approved by a majority of the votes cast by public shareholders. The 
proposed amended rule would require approval by a majority of all votes 
cast on the proposal, rather than just votes cast by public 
shareholders. The Exchange notes that the proposed revision to the 
voting requirements would conform the NYSE's rule to the comparable 
requirements under the SPAC listing standards of the NASDAQ Stock 
Market and NYSE MKT.\6\ Harmonizing the Exchange's requirements with 
those of the other listing markets will enable it to compete more 
effectively for the listing of ACs. The Exchange believes that the 
proposed amended rule would be consistent with the protection of 
investors, as any investor who voted against a proposed Business 
Combination would continue to have the right to require the company to 
redeem such investor's shares for cash if the Business Combination was 
consummated.
---------------------------------------------------------------------------

    \6\ See NASDAQ IM 5101-2 and Section 119 of the MKT Company 
Guide.
---------------------------------------------------------------------------

2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent 
with Section 6(b) of the Act,\7\ in general, and furthers the 
objectives of Section 6(b)(5) \8\ of the Act, in particular in that it 
is designed to promote just and equitable principles of trade, to 
foster cooperation and coordination with persons engaged in regulating, 
clearing, settling, processing information with respect to, and 
facilitating transactions in securities, to remove impediments to and 
perfect the mechanism of a free and open market and a national market 
system, and, in general, to protect investors and the public interest 
and is not designed to permit unfair discrimination between customers, 
issuers, brokers, or dealers.
---------------------------------------------------------------------------

    \7\ 15 U.S.C. 78f(b).
    \8\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------

    The Exchange believes that the proposed amended rule is consistent 
with the protection of investors because as any investor [sic] who 
voted against a proposed Business Combination would continue to have 
the right to require the company to redeem such investor's shares for 
cash if the Business Combination was consummated. In addition, the 
Exchange notes that the proposed revision to the voting requirements 
would conform the NYSE's rules to the comparable requirements under the 
SPAC listing standards of the NASDAQ Stock Market and NYSE MKT. 
Harmonizing the Exchange's requirements with those of the other listing 
markets will enable it to compete more effectively for the listing of 
ACs.

B. Self-Regulatory Organization's Statement on Burden on Competition

    The Exchange does not believe that the proposed rule change will 
impose any burden on competition that is not necessary or appropriate 
in furtherance of the purposes of the Act. The proposed rule change is 
designed to harmonize the Exchange's requirements with respect to the 
listing of ACs with those of the other listing exchanges and will 
therefore increase competition for the listing of ACs by making the 
Exchange a more attractive listing venue.

C. Self-Regulatory Organization's Statement on Comments on the Proposed 
Rule Change Received From Members, Participants, or Others

    No written comments were solicited or received with respect to the 
proposed rule change.

III. Date of Effectiveness of the Proposed Rule Change and Timing for 
Commission Action

    Within 45 days of the date of publication of this notice in the 
Federal Register or up to 90 days (i) as the Commission may designate 
if it finds such longer period to be appropriate and publishes its 
reasons for so finding or (ii) as to which the self-regulatory 
organization consents, the Commission will:
    (A) By order approve or disapprove the proposed rule change, or
    (B) institute proceedings to determine whether the proposed rule 
change should be disapproved.

IV. Solicitation of Comments

    Interested persons are invited to submit written data, views, and 
arguments concerning the foregoing, including whether the proposed rule 
change is consistent with the Act. Comments may be submitted by any of 
the following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an email to rule-comments@sec.gov. Please include 
File Number SR-NYSE-2017-20 on the subject line.

Paper Comments

     Send paper comments in triplicate to Secretary, Securities 
and Exchange Commission, 100 F Street NE., Washington, DC 20549-1090.

All submissions should refer to File Number SR-NYSE-2017-20. This file 
number should be included on the subject line if email is used. To help 
the Commission process and review your comments more efficiently, 
please use only one method. The Commission will post all comments on 
the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, all 
written statements with respect to the proposed rule change that are 
filed with the Commission, and all written communications relating to 
the proposed rule change between the Commission and any person, other 
than those that may be withheld from the public in accordance with the 
provisions of 5 U.S.C. 552, will be available for Web site viewing and 
printing in the Commission's Public Reference Room, 100 F Street NE., 
Washington, DC 20549, on official business days between the hours of 
10:00 a.m. and 3:00 p.m. Copies of such filing also will be available 
for inspection and copying at the principal office of the Exchange. All 
comments received will be posted without change; the Commission does 
not edit personal identifying information from submissions. You should 
submit only information that you wish to make available publicly. All 
submissions should refer to File Number SR-NYSE-2017-20 and should be 
submitted on or before June 9, 2017.


[[Page 23125]]


    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\9\
---------------------------------------------------------------------------

    \9\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-10132 Filed 5-18-17; 8:45 am]
 BILLING CODE 8011-01-P