Self-Regulatory Organizations; NYSE Arca, Inc.; Order Approving a Proposed Rule Change, as Modified by Amendment No. 1 Thereto, To Amend Commentary .01 and Commentary .02 to NYSE Arca Equities Rule 5.2(j)(3) To Provide for the Inclusion of Cash in an Index Underlying a Series of Investment Company Units, 25378-25379 [2017-11255]
Download as PDF
25378
Federal Register / Vol. 82, No. 104 / Thursday, June 1, 2017 / Notices
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.29
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017–11372 Filed 5–31–17; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–80777; File No. SR–
NYSEArca–2017–30]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Order Approving a
Proposed Rule Change, as Modified by
Amendment No. 1 Thereto, To Amend
Commentary .01 and Commentary .02
to NYSE Arca Equities Rule 5.2(j)(3) To
Provide for the Inclusion of Cash in an
Index Underlying a Series of
Investment Company Units
May 25, 2017.
I. Introduction
On March 29, 2017, NYSE Arca, Inc.
(‘‘Exchange’’ or ‘‘NYSE Arca’’) filed
with the Securities and Exchange
Commission (‘‘Commission’’), pursuant
to Section 19(b)(1) 1 of the Securities
Exchange Act of 1934 (‘‘Act’’ or
‘‘Exchange Act’’) 2 and Rule 19b–4
thereunder,3 a proposed rule change to
amend Commentary .01 and
Commentary .02 to NYSE Arca Equities
Rule 5.2(j)(3) to provide for the
inclusion of cash in an index underlying
a series of Investment Company Units.
The proposed rule change was
published for comment in the Federal
Register on April 14, 2017.4 On May 10,
2017, the Exchange filed Amendment
No. 1 to the proposed rule change.5 The
Commission received no comments on
the proposed rule change. This order
approves the proposed rule change, as
modified by Amendment No. 1 thereto.
II. Description of the Proposal
Commentary .01(a)(A), Commentary
.01 (a)(B), and Commentary .02 to NYSE
Arca Equities Rule 5.2(j)(3) permit the
29 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.
4 See Securities Exchange Act Release No. 80415
(April 10, 2017), 82 FR 18067.
5 In Amendment No. 1, which amended and
replaced the proposed rule change in its entirety,
the Exchange made a technical change to the
proposed rule text. Amendment No. 1 to the
proposed rule change is available at: https://
www.sec.gov/comments/sr-nysearca-2017-30/
nysearca201730-1749397-151677.pdf. Amendment
No. 1 is not subject to notice and comment because
it is a technical amendment that does not materially
alter the described substance of the proposed rule
change or raise any novel regulatory issues.
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1 15
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Exchange to generically list Investment
Company Units (‘‘Units’’) that overlie an
index or portfolio of US Component
Stocks,6 Non-US Component Stocks,7
US Component Stocks and Non-US
Component Stocks, and Fixed Income
Securities 8 that meets specified criteria.
While ‘‘Investment Companies,’’ 9 like
mutual funds, may hold cash, currently,
the generic listing criteria of NYSE Arca
Equities Rule 5.2(j)(3) do not
contemplate the generic listing Units
overlying an index or portfolio with a
cash component.
The Exchange proposes to amend
Commentary .01 and Commentary .02 to
NYSE Arca Equities Rule 5.2(j)(3) to
permit the generic listing and trading of
Units overlying an index or portfolio of
cash and: (1) US Component Stocks; (2)
Non-US Component Stocks; (3) US
Component Stocks and Non-US
Component Stocks; and (4) Fixed
Income Securities. Additionally, the
Exchange is not proposing to otherwise
amend the applicable generic listing
criteria, except to specify that the
following generic listing criteria will not
apply to the cash portion of the index
or portfolio:
• Under proposed Commentary
.01(a)(A)(1) through (4) to NYSE Arca
Equities Rule 5.2(j)(3), the percentage
weighting requirements would apply
only to the US Component Stocks
portion of the underlying index or
portfolio.
• Under proposed Commentary .01
(a)(B)(1) through (4) to NYSE Arca
Equities Rule 5.2(j)(3), the percentage
weighting requirements would not
apply to the cash component of the
underlying index or portfolio.
• Under proposed Commentary
.02(a)(2), (a)(4), and (a)(6) to NYSE Arca
6 ‘‘US Component Stock’’ is defined in NYSE
Arca Equities Rule 5.2(j)(3) as an equity security
that is registered under Sections 12(b) or 12(g) of
the Securities Exchange Act of 1934 or an American
Depositary Receipt, the underlying equity security
of which is registered under Sections 12(b) or 12(g)
of the Securities Exchange Act of 1934.
7 ‘‘Non-US Component Stock’’ is defined in NYSE
Arca Equities Rule 5.2(j)(3) as an equity security
that is not registered under Sections 12(b) or 12(g)
of the Securities Exchange Act of 1934 and that is
issued by an entity that (a) is not organized,
domiciled or incorporated in the United States, and
(b) is an operating company (including Real Estate
Investment Trusts and income trusts, but excluding
investment trusts, unit trusts, mutual funds, and
derivatives).
8 Commentary .02 to NYSE Arca Equities Rule
5.2(j)(3) defines Fixed Income Securities as debt
securities that are notes, bonds, debentures or
evidence of indebtedness that include, but are not
limited to, U.S. Department of Treasury securities,
government-sponsored entity securities, municipal
securities, trust preferred securities, supranational
debt and debt of a foreign country or a subdivision
thereof.
9 The term ‘‘Investment Company’’ is defined in
NYSE Arca Equities Rule 5.2(j)(3).
PO 00000
Frm 00155
Fmt 4703
Sfmt 4703
Equities Rule 5.2(j)(3) the percentage
weighting requirements would apply
only to the Fixed Income Securities
portion of the underlying index or
portfolio.
The Exchange does not propose any
limit to the weighting of cash in an
index or portfolio underlying a series of
Units.10 The Commission notes that,
under a provision of its current rule, the
Exchange may generically list Units
overlying a combination of indexes so
long as each index satisfies the generic
listing criteria.11
III. Discussion and Commission
Findings
After careful review, the Commission
finds that the proposed rule change, as
modified by Amendment No. 1, is
consistent with the requirements of the
Act and the rules and regulations
thereunder applicable to a national
securities exchange.12 In particular, the
Commission finds that the proposed
rule change is consistent with Section
6(b)(5) of the Act,13 which requires,
among other things, that the rules of a
national securities exchange be
designed to prevent fraudulent and
manipulative acts and practices, to
promote just and equitable principles of
trade, 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.
The Commission believes that
permitting the Exchange to generically
list Units that overlie an index or
portfolio with a cash component may
enhance competition among generically
listed Units, to the benefit of investors
and the marketplace. Additionally, the
Commission believes that the generic
listing criteria referenced above,
applicable only to the non-cash
portion(s) of the index or portfolio will
neither dilute the generic listing criteria
nor render the indexes or portfolios
underlying generically listed Units more
susceptible to manipulation.14
For the foregoing reasons, the
Commission finds that the proposed
rule change, as modified by Amendment
10 See
Amendment No. 1, supra note 5, at 6.
Commentary .03 to NYSE Arca Equities
Rule 5.2(j)(3).
12 In approving this proposed rule change, the
Commission has considered the proposed rule’s
impact on efficiency, competition, and capital
formation. See 15 U.S.C. 78c(f).
13 15 U.S.C. 78f(b)(5).
14 The Commission also notes that the Exchange
represents that it has in place surveillance
procedures that are adequate to properly monitor
trading in Units in all trading sessions and to deter
and detect violations of Exchange rules and
applicable federal securities laws. See Amendment
No. 1, supra note 5, at 7.
11 See
E:\FR\FM\01JNN1.SGM
01JNN1
Federal Register / Vol. 82, No. 104 / Thursday, June 1, 2017 / Notices
No. 1 thereto, is consistent with Section
6(b)(5) of the Act 15 and the rules and
regulations thereunder applicable to a
national securities exchange.
IV. Conclusion
It is therefore ordered, pursuant to
Section 19(b)(2) of the Exchange Act,16
that the proposed rule change (SR–
NYSEArca–2017–30), as modified by
Amendment No. 1 thereto, be, and it
hereby is, approved.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.17
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017–11255 Filed 5–31–17; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–80782; File No. SR–
NYSEMKT–2017–31]
Self-Regulatory Organizations; NYSE
MKT LLC; Notice of Filing of Proposed
Rule Change To Adopt Rule 6900 To
Establish the Procedures for Resolving
Potential Disputes Related to CAT
Fees Charged to Industry Members
May 26, 2017.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934 (‘‘Act’’
or the ‘‘Exchange Act’’) 2 and Rule 19b–
4 thereunder,3 notice is hereby given
that, on May 16, 2017, NYSE MKT LLC
(the ‘‘Exchange’’ or ‘‘NYSE MKT’’) filed
with the Securities and Exchange
Commission (‘‘SEC’’ or the
‘‘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 adopt Rule
6900 (Consolidated Audit Trail—Fee
Dispute Resolutions) to establish the
procedures for resolving potential
disputes related to CAT Fees charged to
Industry Members.4 The proposed rule
mstockstill on DSK30JT082PROD with NOTICES
15 15
U.S.C. 78f(b)(5).
U.S.C. 78s(b)(2).
17 17 CFR 200.30–3(a)(12).
1 15 U.S.C.78s (b)(1).
2 15 U.S.C. 78a.
3 17 CFR 240.19b–4.
4 Unless otherwise specified, capitalized terms
used in this rule filing are defined as set forth
herein or in the Consolidated Audit Trail Funding
Fees sections of the Exchange’s Equities Price List
16 15
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18:32 May 31, 2017
Jkt 241001
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
Bats BYX Exchange, Inc., Bats BZX
Exchange, Inc., Bats EDGA Exchange,
Inc., Bats EDGX Exchange, Inc., BOX
Options Exchange LLC, C2 Options
Exchange, Incorporated, Chicago Board
Options Exchange, Incorporated,
Chicago Stock Exchange, Inc., Financial
Industry Regulatory Authority, Inc.
(‘‘FINRA’’), Investors’ Exchange LLC,
Miami International Securities
Exchange, LLC, MIAX PEARL, LLC,
NASDAQ BX, Inc., Nasdaq GEMX, LLC,
Nasdaq ISE, LLC, Nasdaq MRX, LLC,5
NASDAQ PHLX LLC, The NASDAQ
Stock Market LLC, New York Stock
Exchange LLC, NYSE MKT LLC, NYSE
Arca, Inc. and NYSE National, Inc.6
(collectively, the ‘‘Participants’’) filed
with the Commission, pursuant to
Section 11A of the Exchange Act 7 and
Rule 608 of Regulation NMS
thereunder,8 the National Market
System Plan Governing the
Consolidated Audit Trail (the ‘‘CAT
and Options Fee Schedule, the Exchange’s CAT
Compliance Rule Series or in the CAT NMS Plan.
5 ISE Gemini, LLC, ISE Mercury, LLC and
International Securities Exchange, LLC have been
renamed Nasdaq GEMX, LLC, Nasdaq MRX, LLC,
and Nasdaq ISE, LLC, respectively. See Securities
Exchange Act Release Nos. 80248 (March 15, 2017),
82 FR 14547 (March 21, 2017); 80326 (March 29,
2017), 82 FR 16460 (April 4, 2017); and 80325
(March 29, 2017), 82 FR 16445 (April 4, 2017).
6 National Stock Exchange, Inc. has been renamed
NYSE National, Inc. See Securities Exchange Act
Release No. 79902 (January 30, 2017), 82 FR 9258
(February 3, 2017).
7 15 U.S.C. 78k–1.
8 17 CFR 242.608.
PO 00000
Frm 00156
Fmt 4703
Sfmt 4703
25379
NMS Plan’’ or ‘‘Plan’’).9 The
Participants filed the Plan to comply
with Rule 613 of Regulation NMS under
the Exchange Act. The Plan was
published for comment in the Federal
Register on May 17, 2016,10 and
approved by the Commission, as
modified, on November 15, 2016.11 The
Plan is designed to create, implement
and maintain a consolidated audit trail
(‘‘CAT’’) that would capture customer
and order event information for orders
in NMS Securities and OTC Equity
Securities, across all markets, from the
time of order inception through routing,
cancellation, modification, or execution
in a single consolidated data source.
The Plan accomplishes this by creating
CAT NMS, LLC (the ‘‘Company’’), of
which each Participant is a member, to
operate the CAT.12 Under the CAT NMS
Plan, the Operating Committee of the
Company (‘‘Operating Committee’’) has
discretion to establish funding for the
Company to operate the CAT, including
establishing fees that the Participants
will pay, and establishing fees for
Industry Members that will be
implemented by the Participants (‘‘CAT
Fees’’).13 The Participants are required
9 See Letter from the Participants to Brent J.
Fields, Secretary, Commission, dated September 30,
2014; and Letter from Participants to Brent J. Fields,
Secretary, Commission, dated February 27, 2015.
On December 24, 2015, the Participants submitted
an amendment to the CAT NMS Plan. See Letter
from Participants to Brent J. Fields, Secretary,
Commission, dated December 23, 2015.
10 Securities Exchange Act Release No. 77724
(April 27, 2016), 81 FR 30614 (May 17, 2016).
11 Securities Exchange Act Release No. 79318
(November 15, 2016), 81 FR 84696 (November 23,
2016) (‘‘Approval Order’’).
12 The Plan also serves as the limited liability
company agreement for the Company.
13 Section 11.1(b) of the CAT NMS Plan. Proposed
Rule 6900 would be applicable to member
organizations. The term ‘‘member organization’’ is
defined in Rule 24 (Office Rules) as ‘‘a partnership,
corporation or such other entity as the Exchange
may, by Rule, permit to become a member
organization, and which meets the qualifications
specified in the Rules.’’ The term ‘‘member
organization’’ is defined in Rule 2(b)(i) (Equities
Rules) as [sic] a registered broker or dealer (unless
exempt pursuant to the Securities Exchange Act of
1934) (the ‘‘Act’’) that is a member of the Financial
Industry Regulatory Authority, Inc. (‘‘FINRA’’) or
another registered securities exchange. Member
organizations that transact business with public
customers or conduct business on the Floor of the
Exchange shall at all times be members of FINRA.
A registered broker or dealer must also be approved
by the Exchange and authorized to designate an
associated natural person to effect transactions on
the floor of the Exchange or any facility thereof.
This term shall include a natural person so
registered, approved and licensed who directly
effects transactions on the floor of the Exchange or
any facility thereof.’’ The term ‘‘member
organization’’ also [sic] includes any registered
broker or dealer that is a member of FINRA or a
registered securities exchange, consistent with the
requirements of section 2(b)(i) of this Rule, which
does not own a trading license and agrees to be
E:\FR\FM\01JNN1.SGM
Continued
01JNN1
Agencies
[Federal Register Volume 82, Number 104 (Thursday, June 1, 2017)]
[Notices]
[Pages 25378-25379]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-11255]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-80777; File No. SR-NYSEArca-2017-30]
Self-Regulatory Organizations; NYSE Arca, Inc.; Order Approving a
Proposed Rule Change, as Modified by Amendment No. 1 Thereto, To Amend
Commentary .01 and Commentary .02 to NYSE Arca Equities Rule 5.2(j)(3)
To Provide for the Inclusion of Cash in an Index Underlying a Series of
Investment Company Units
May 25, 2017.
I. Introduction
On March 29, 2017, NYSE Arca, Inc. (``Exchange'' or ``NYSE Arca'')
filed with the Securities and Exchange Commission (``Commission''),
pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of 1934
(``Act'' or ``Exchange Act'') \2\ and Rule 19b-4 thereunder,\3\ a
proposed rule change to amend Commentary .01 and Commentary .02 to NYSE
Arca Equities Rule 5.2(j)(3) to provide for the inclusion of cash in an
index underlying a series of Investment Company Units. The proposed
rule change was published for comment in the Federal Register on April
14, 2017.\4\ On May 10, 2017, the Exchange filed Amendment No. 1 to the
proposed rule change.\5\ The Commission received no comments on the
proposed rule change. This order approves the proposed rule change, as
modified by Amendment No. 1 thereto.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 15 U.S.C. 78a.
\3\ 17 CFR 240.19b-4.
\4\ See Securities Exchange Act Release No. 80415 (April 10,
2017), 82 FR 18067.
\5\ In Amendment No. 1, which amended and replaced the proposed
rule change in its entirety, the Exchange made a technical change to
the proposed rule text. Amendment No. 1 to the proposed rule change
is available at: https://www.sec.gov/comments/sr-nysearca-2017-30/nysearca201730-1749397-151677.pdf. Amendment No. 1 is not subject to
notice and comment because it is a technical amendment that does not
materially alter the described substance of the proposed rule change
or raise any novel regulatory issues.
---------------------------------------------------------------------------
II. Description of the Proposal
Commentary .01(a)(A), Commentary .01 (a)(B), and Commentary .02 to
NYSE Arca Equities Rule 5.2(j)(3) permit the Exchange to generically
list Investment Company Units (``Units'') that overlie an index or
portfolio of US Component Stocks,\6\ Non-US Component Stocks,\7\ US
Component Stocks and Non-US Component Stocks, and Fixed Income
Securities \8\ that meets specified criteria. While ``Investment
Companies,'' \9\ like mutual funds, may hold cash, currently, the
generic listing criteria of NYSE Arca Equities Rule 5.2(j)(3) do not
contemplate the generic listing Units overlying an index or portfolio
with a cash component.
---------------------------------------------------------------------------
\6\ ``US Component Stock'' is defined in NYSE Arca Equities Rule
5.2(j)(3) as an equity security that is registered under Sections
12(b) or 12(g) of the Securities Exchange Act of 1934 or an American
Depositary Receipt, the underlying equity security of which is
registered under Sections 12(b) or 12(g) of the Securities Exchange
Act of 1934.
\7\ ``Non-US Component Stock'' is defined in NYSE Arca Equities
Rule 5.2(j)(3) as an equity security that is not registered under
Sections 12(b) or 12(g) of the Securities Exchange Act of 1934 and
that is issued by an entity that (a) is not organized, domiciled or
incorporated in the United States, and (b) is an operating company
(including Real Estate Investment Trusts and income trusts, but
excluding investment trusts, unit trusts, mutual funds, and
derivatives).
\8\ Commentary .02 to NYSE Arca Equities Rule 5.2(j)(3) defines
Fixed Income Securities as debt securities that are notes, bonds,
debentures or evidence of indebtedness that include, but are not
limited to, U.S. Department of Treasury securities, government-
sponsored entity securities, municipal securities, trust preferred
securities, supranational debt and debt of a foreign country or a
subdivision thereof.
\9\ The term ``Investment Company'' is defined in NYSE Arca
Equities Rule 5.2(j)(3).
---------------------------------------------------------------------------
The Exchange proposes to amend Commentary .01 and Commentary .02 to
NYSE Arca Equities Rule 5.2(j)(3) to permit the generic listing and
trading of Units overlying an index or portfolio of cash and: (1) US
Component Stocks; (2) Non-US Component Stocks; (3) US Component Stocks
and Non-US Component Stocks; and (4) Fixed Income Securities.
Additionally, the Exchange is not proposing to otherwise amend the
applicable generic listing criteria, except to specify that the
following generic listing criteria will not apply to the cash portion
of the index or portfolio:
Under proposed Commentary .01(a)(A)(1) through (4) to NYSE
Arca Equities Rule 5.2(j)(3), the percentage weighting requirements
would apply only to the US Component Stocks portion of the underlying
index or portfolio.
Under proposed Commentary .01 (a)(B)(1) through (4) to
NYSE Arca Equities Rule 5.2(j)(3), the percentage weighting
requirements would not apply to the cash component of the underlying
index or portfolio.
Under proposed Commentary .02(a)(2), (a)(4), and (a)(6) to
NYSE Arca Equities Rule 5.2(j)(3) the percentage weighting requirements
would apply only to the Fixed Income Securities portion of the
underlying index or portfolio.
The Exchange does not propose any limit to the weighting of cash in an
index or portfolio underlying a series of Units.\10\ The Commission
notes that, under a provision of its current rule, the Exchange may
generically list Units overlying a combination of indexes so long as
each index satisfies the generic listing criteria.\11\
---------------------------------------------------------------------------
\10\ See Amendment No. 1, supra note 5, at 6.
\11\ See Commentary .03 to NYSE Arca Equities Rule 5.2(j)(3).
---------------------------------------------------------------------------
III. Discussion and Commission Findings
After careful review, the Commission finds that the proposed rule
change, as modified by Amendment No. 1, is consistent with the
requirements of the Act and the rules and regulations thereunder
applicable to a national securities exchange.\12\ In particular, the
Commission finds that the proposed rule change is consistent with
Section 6(b)(5) of the Act,\13\ which requires, among other things,
that the rules of a national securities exchange be designed to prevent
fraudulent and manipulative acts and practices, to promote just and
equitable principles of trade, 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.
---------------------------------------------------------------------------
\12\ In approving this proposed rule change, the Commission has
considered the proposed rule's impact on efficiency, competition,
and capital formation. See 15 U.S.C. 78c(f).
\13\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
The Commission believes that permitting the Exchange to generically
list Units that overlie an index or portfolio with a cash component may
enhance competition among generically listed Units, to the benefit of
investors and the marketplace. Additionally, the Commission believes
that the generic listing criteria referenced above, applicable only to
the non-cash portion(s) of the index or portfolio will neither dilute
the generic listing criteria nor render the indexes or portfolios
underlying generically listed Units more susceptible to
manipulation.\14\
---------------------------------------------------------------------------
\14\ The Commission also notes that the Exchange represents that
it has in place surveillance procedures that are adequate to
properly monitor trading in Units in all trading sessions and to
deter and detect violations of Exchange rules and applicable federal
securities laws. See Amendment No. 1, supra note 5, at 7.
---------------------------------------------------------------------------
For the foregoing reasons, the Commission finds that the proposed
rule change, as modified by Amendment
[[Page 25379]]
No. 1 thereto, is consistent with Section 6(b)(5) of the Act \15\ and
the rules and regulations thereunder applicable to a national
securities exchange.
---------------------------------------------------------------------------
\15\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
IV. Conclusion
It is therefore ordered, pursuant to Section 19(b)(2) of the
Exchange Act,\16\ that the proposed rule change (SR-NYSEArca-2017-30),
as modified by Amendment No. 1 thereto, be, and it hereby is, approved.
---------------------------------------------------------------------------
\16\ 15 U.S.C. 78s(b)(2).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\17\
---------------------------------------------------------------------------
\17\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-11255 Filed 5-31-17; 8:45 am]
BILLING CODE 8011-01-P