Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change Relating to the Continued Listing Criteria Applicable to the Indexes Underlying the iShares California AMT Free Muni Bond ETF and iShares New York AMT-Free Muni Bond ETF, 36641 [2018-16163]
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Federal Register / Vol. 83, No. 146 / Monday, July 30, 2018 / Notices
disapprove, or institute proceedings to
determine whether to disapprove, the
proposed rule change (File No. SR–
NYSEArca–2018–38).
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–83694; File No. SR–
NYSEArca–2018–38]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Designation of a
Longer Period for Commission Action
on a Proposed Rule Change Relating
to the Continued Listing Criteria
Applicable to the Indexes Underlying
the iShares California AMT Free Muni
Bond ETF and iShares New York AMTFree Muni Bond ETF
daltland on DSKBBV9HB2PROD with NOTICES
July 24, 2018.
On May 21, 2018, NYSE Arca, Inc.
(‘‘NYSE Arca’’) 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
relating to the index methodology
applicable to the indexes underlying
shares of the following series of
Investment Company Units that are
currently listed and traded on NYSE
Arca under NYSE Arca Rule 5.2–E(j)(3):
iShares California AMT-Free Muni
Bond ETF and iShares New York AMTFree Muni Bond ETF. The proposed rule
change was published for comment in
the Federal Register on June 11, 2018.3
The Commission has received no
comments 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 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
September 9, 2018, as the date by which
the Commission shall either approve or
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 83381
(June 5, 2018), 83 FR 27042.
4 15 U.S.C. 78s(b)(2).
5 Id.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018–16163 Filed 7–27–18; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–83695; File No. SR–
NYSEArca–2018–50]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change Relating to the Listing
and Trading of Shares of the Columbia
Multi-Sector Municipal Income ETF
July 24, 2018.
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 July 10,
2018, NYSE Arca, Inc. (‘‘Exchange’’ or
‘‘NYSE Arca’’) filed with the Securities
and Exchange Commission
(‘‘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 list and
trade shares of the Columbia MultiSector Municipal Income ETF (the
‘‘Fund’’) pursuant to NYSE Arca Rule
5.2–E(j)(3), Commentary .02. The
proposed rule change is available on the
Exchange’s website 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
2 17
VerDate Sep<11>2014
20:33 Jul 27, 2018
Jkt 244001
PO 00000
6 17
CFR 200.30–3(a)(31).
U.S.C. 78s(b)(1).
2 15 U.S.C. 78a.
3 17 CFR 240.19b–4.
1 15
Frm 00129
Fmt 4703
Sfmt 4703
36641
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 list and
trade shares (‘‘Shares’’) of the Fund
under Commentary .02 to NYSE Arca
Rule 5.2–E(j)(3), which governs the
listing and trading of Investment
Company Units (‘‘Units’’) 4 based on
fixed income securities indexes.5 As
discussed below, the Exchange is
submitting this proposed rule change
because the ‘‘Index’’ (as defined below)
does not meet all of the ‘‘generic’’ listing
requirements of Commentary .02 to Rule
5.2–E(j)(3) applicable to the listing of
Units based on fixed income securities
indexes. The Index meets all such
requirements except for those set forth
in Commentary .02(a)(2).6
4 An open-end investment company that issues
Units, listed and traded on the Exchange under
NYSE Arca Rule 5.2–E(j)(3), seeks to provide
investment results that correspond generally to the
price and yield performance of a specific foreign or
domestic stock index, fixed income securities index
or combination thereof.
5 The Commission previously has approved
proposed rule changes relating to listing and trading
of funds based on municipal bond indexes. See
Securities Exchange Act Release Nos. 67985
(October 4, 2012), 77 FR 61804 (October 11, 2012)
(SR–NYSEArca–2012–92) (order approving
proposed rule change to list and trade the iShares
2018 S&P AMT-Free Municipal Series and iShares
2019 S&P AMT-Free Municipal Series under Rule
5.2(j)(3), Commentary .02); 72523 (July 2, 2014), 79
FR 39016 (July 9, 2014) (SRNYSEArca–2014–37)
(order approving proposed rule change to list and
trade iShares 2020 S&P AMT-Free Municipal Series
under Rule 5.2(j)(3), Commentary .02); and 75468
(July 16, 2015), 80 FR 43500 (July 22, 2015) (SE–
NYSEArca–2015–25) (order approving proposed
rule change to list and trade the iShares iBonds Dec
2021 AMT-Free Muni Bond ETF and iShares
iBonds Dec 2022 AMT-Free Muni Bond ETF under
Rule 5.2(j)(3), Commentary .02). See also Securities
Exchange Act Release Nos. 78329 (July 14, 2016),
81 FR 47217 (July 20, 2016) (SR–BatsBZX–2016–01)
(order approving the listing and trading of the
VanEck Vectors AMT-Free 6–8 Year Municipal
Index ETF, VanEck Vectors AMT-Free 8–12 Year
Municipal Index ETF, and VanEck Vectors AMTFree 12–17 Year Municipal Index ETF).
6 Commentary .02(a)(2) provides that Fixed
Income Security components that in aggregate
account for at least 75% of the Fixed Income
Securities portion of the weight of the index or
portfolio each shall have a minimum original
principal amount outstanding of $100 million or
more.
E:\FR\FM\30JYN1.SGM
30JYN1
]]>Agencies
[Federal Register Volume 83, Number 146 (Monday, July 30, 2018)]
[Notices]
[Page 36641]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-16163]
[[Page 36641]]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-83694; File No. SR-NYSEArca-2018-38]
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of
Designation of a Longer Period for Commission Action on a Proposed Rule
Change Relating to the Continued Listing Criteria Applicable to the
Indexes Underlying the iShares California AMT Free Muni Bond ETF and
iShares New York AMT-Free Muni Bond ETF
July 24, 2018.
On May 21, 2018, NYSE Arca, Inc. (``NYSE Arca'') 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 relating to the
index methodology applicable to the indexes underlying shares of the
following series of Investment Company Units that are currently listed
and traded on NYSE Arca under NYSE Arca Rule 5.2-E(j)(3): iShares
California AMT-Free Muni Bond ETF and iShares New York AMT-Free Muni
Bond ETF. The proposed rule change was published for comment in the
Federal Register on June 11, 2018.\3\ The Commission has received no
comments 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. 83381 (June 5,
2018), 83 FR 27042.
---------------------------------------------------------------------------
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
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 September 9, 2018, 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-2018-38).
---------------------------------------------------------------------------
\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).
---------------------------------------------------------------------------
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-16163 Filed 7-27-18; 8:45 am]
BILLING CODE 8011-01-P
