In the Matter of the Financial Industry Regulatory Authority, Inc. for an Order Granting the Approval of Proposed Rule Change, as Modified by Amendment No. 2, To Establish a Corporate Bond New Issue Reference Data Service (File No. SR-FINRA-2019-008); Order Granting Petition for Review and Scheduling Filing of Statements, 9887-9888 [2020-03372]
Download as PDF
<![CDATA[
Federal Register / Vol. 85, No. 34 / Thursday, February 20, 2020 / Notices
sufficiently clear regarding Exchange
members’ obligations with respect to
disclosures to Exchange Traded Fund
Share purchasers? More generally, what
are commenters’ views on whether the
proposal provides sufficient clarity for
members’ obligations with respect to
transactions in Exchange Traded Fund
Shares on the Exchange?
Comments may be submitted by any
of the following methods:
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.40
Jill M. Peterson,
Assistant Secretary.
Electronic Comments
[Release No. 34–88197; File No. SR–
NYSEArca–2019–92]
• Use the Commission’s internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an email to rule-comments@
sec.gov. Please include File Number SR–
NASDAQ–2019–090 on the subject line.
Paper Comments
lotter on DSKBCFDHB2PROD with NOTICES
• 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–NASDAQ–2019–090. 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 website (https://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 website 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 the
filing also will be available for
inspection and copying at the principal
office of the Exchange. All comments
received will be posted without change.
Persons submitting comments are
cautioned that we do not redact or edit
personal identifying information from
comment submissions. You should
submit only information that you wish
to make available publicly. All
submissions should refer to File
Number SR–NASDAQ–2019–090 and
should be submitted by March 12, 2020.
Rebuttal comments should be submitted
by March 26, 2020.
VerDate Sep<11>2014
19:48 Feb 19, 2020
Jkt 250001
[FR Doc. 2020–03324 Filed 2–19–20; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Designation of a
Longer Period for Commission Action
on a Proposed Rule Change To Adopt
NYSE Arca Rule 8.601–E To Permit the
Listing and Trading of Managed
Portfolio Securities and To List and
Trade Four Series of Managed
Portfolio Securities Issued by T. Rowe
Price Exchange-Traded Funds, Inc.
Under Proposed NYSE Arca Rule
8.601–E
February 13, 2020.
On December 23, 2019, NYSE Arca,
Inc. (‘‘NYSE Arca’’ or ‘‘Exchange’’) 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 (1) adopt proposed NYSE
Arca Rule 8.601–E to permit the
Exchange to list and trade Managed
Portfolio Securities, which are shares of
an actively managed exchange-traded
fund for which the portfolio is disclosed
quarterly; and (2) list and trade the
following Managed Portfolio Securities
under proposed NYSE Arca Rule 8.601–
E: T. Rowe Price Blue Chip Growth ETF,
T. Rowe Price Dividend Growth ETF, T.
Rowe Price Growth Stock ETF, and T.
Rowe Price Equity Income ETF. The
proposed rule change was published for
comment in the Federal Register on
January 3, 2020.3 The Commission has
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,
40 17 CFR 200.30–3(a)(12) & 17 CFR 200.30–
3(a)(57).
1 15 U.S.C.78s(b)(1).
2 17 CFR 240.19b–4.
3 See Securities Exchange Act Release No. 87865
(December 30, 2019), 85 FR 380.
4 15 U.S.C. 78s(b)(2).
PO 00000
Frm 00167
Fmt 4703
Sfmt 4703
9887
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 February 17,
2020. 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 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 April 2, 2020 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-2019–92).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2020–03326 Filed 2–19–20; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Securities Exchange Act of 1934 Release
No. 34–88214/February 14, 2020]
In the Matter of the Financial Industry
Regulatory Authority, Inc. for an Order
Granting the Approval of Proposed
Rule Change, as Modified by
Amendment No. 2, To Establish a
Corporate Bond New Issue Reference
Data Service (File No. SR–FINRA–
2019–008); Order Granting Petition for
Review and Scheduling Filing of
Statements
This matter comes before the
Securities and Exchange Commission
(‘‘Commission’’) on petition to review
the approval, pursuant to delegated
authority, of the Financial Industry
Regulatory Authority, Inc. (‘‘FINRA’’)
proposed rule change to establish a new
issue reference data service for
corporate bonds.
On April 2, 2019, the Commission
issued a notice of filing of the proposed
rule change filed with the Commission
pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Exchange Act’’) 1 and Rule 19b–4 2
5 Id.
6 17
CFR 200.30–3(a)(31).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
1 15
E:\FR\FM\20FEN1.SGM
20FEN1
9888
Federal Register / Vol. 85, No. 34 / Thursday, February 20, 2020 / Notices
lotter on DSKBCFDHB2PROD with NOTICES
thereunder.3 On May 22, 2019, a longer
time period was designated within
which to act on the proposed rule
change.4 On July 1, 2019, proceedings
were instituted under Section
19(b)(2)(B) of the Exchange Act 5 to
determine whether to approve or
disapprove the proposed rule change.6
On October 3, 2019, FINRA filed partial
Amendment No. 2 to the proposed rule
change.7 On October 4, 2019, the
Commission issued a notice of filing of
Amendment No. 2 to the proposed rule
change and, pursuant to Section 19(b)(2)
of the Exchange Act,8 a longer time
period was designated for Commission
action on proceedings to determine
whether to approve or disapprove the
proposed rule change.9 On December 4,
2019, after consideration of the record
for the proposed rule change, the
Division of Trading and Markets
(‘‘Division’’), pursuant to delegated
authority,10 approved the proposed rule
change, as modified by Amendment No.
2 (‘‘Approval Order’’).11
On December 18, 2019, pursuant to
Commission Rule of Practice 430,12
Bloomberg, L.P. (‘‘Bloomberg’’) filed a
petition for review of the Approval
Order. Pursuant to Commission Rule of
Practice 431(e), the Approval Order is
stayed by the filing with the
Commission of a notice of intention to
petition for review.13 Pursuant to Rule
431 of the Rules of Practice,14 the
petition for review of the Approval
Order of Bloomberg is granted. Further,
the Commission hereby establishes that
any party to the action or other person
may file a written statement in support
of or in opposition to the Approval
Order on or before March 16, 2020.
For the reasons stated above, it is
hereby:
Ordered that the petition of
Bloomberg for review of the Division’s
action to approve the proposed rule
change by delegated authority be
GRANTED; and
3 See Exchange Act Release No. 85488, 84 FR
13977 (Apr. 8, 2019).
4 See Exchange Act Release No. 85911, 84 FR
24839 (May 29, 2019).
5 15 U.S.C. 78s(b)(2)(B).
6 See Exchange Act Release No. 86256, 84 FR
32506 (Jul. 8, 2019).
7 Partial Amendment No. 1 was filed on October
3, 2019 and subsequently withdrawn on the same
day due to a non-substantive administrative error;
it was replaced with Amendment No. 2.
8 15 U.S.C. 78s(b)(2).
9 See Exchange Act Release No. 87232, 84 FR
54712 (Oct. 10, 2019).
10 17 CFR 200.30–3(a)(12).
11 See Exchange Act Release No. 87656, 84 FR
67491 (Dec. 10, 2019).
12 17 CFR 201.430.
13 17 CFR 201.431(e).
14 17 CFR 201.431.
VerDate Sep<11>2014
19:48 Feb 19, 2020
Jkt 250001
It is further Ordered that any party or
other person may file a statement in
support of or in opposition to the action
made pursuant to delegated authority on
or before March 16, 2020.
It is further Ordered that the
December 4, 2019, order approving the
proposed rule change, as modified by
Amendment No. 2 (File No. SR–FINRA–
2019–008), shall remain stayed pending
further order by the Commission.
By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2020–03372 Filed 2–19–20; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–88199; File No. SR–
NYSEArca–2019–95]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Designation of a
Longer Period for Commission Action
on a Proposed Rule Change To Adopt
NYSE Arca Rule 8.602–E To Permit the
Listing and Trading of Actively
Managed Solution Shares and To List
and Trade Shares of the Natixis ETF
Under Proposed NYSE Arca Rule
8.602–E
February 13, 2020.
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 February 17,
2020. 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 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 April 2, 2020 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–2019–95).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2020–03318 Filed 2–19–20; 8:45 am]
BILLING CODE 8011–01–P
On December 23, 2019, NYSE Arca,
Inc. (‘‘NYSE Arca’’ or ‘‘Exchange’’) 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 (1) adopt proposed NYSE
Arca Rule 8.602–E to permit the
Exchange to list and trade Actively
Managed Solution Shares, which are
shares of actively managed exchangetraded funds for which the portfolio is
disclosed in accordance with standard
mutual fund disclosure rules; and (2)
list and trade the following Actively
Managed Solution Shares under
proposed NYSE Arca Rule 8.602–E:
Natixis ETF. The proposed rule change
was published for comment in the
Federal Register on January 3, 2020.3
The Commission has 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
U.S.C.78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 87866
(December 30, 2019), 85 FR 357.
4 15 U.S.C. 78s(b)(2).
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–88195; File No. SR–
CboeBZX–2019–107]
Self-Regulatory Organizations; Cboe
BZX Exchange, Inc.; Notice of
Designation of a Longer Period for
Commission Action on a Proposed
Rule Change To Adopt Rule 14.11(m),
Portfolio Fund Shares, and To List and
Trade Shares of the Fidelity Value ETF,
Fidelity Growth ETF, and Fidelity
Opportunistic ETF, Each a Series of
the Fidelity Beach Street Trust, Under
Proposed Rule 14.11(m)
February 13, 2020.
On December 12, 2019, Cboe BZX
Exchange, Inc. (‘‘BZX’’) 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
adopt new BZX Rule 14.11(m), Portfolio
Fund Shares, and to list and trade
1 15
2 17
PO 00000
Frm 00168
Fmt 4703
Sfmt 4703
5 Id.
6 17
CFR 200.30–3(a)(31).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
1 15
E:\FR\FM\20FEN1.SGM
20FEN1
]]>Agencies
[Federal Register Volume 85, Number 34 (Thursday, February 20, 2020)]
[Notices]
[Pages 9887-9888]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-03372]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Securities Exchange Act of 1934 Release No. 34-88214/February 14,
2020]
In the Matter of the Financial Industry Regulatory Authority,
Inc. for an Order Granting the Approval of Proposed Rule Change, as
Modified by Amendment No. 2, To Establish a Corporate Bond New Issue
Reference Data Service (File No. SR-FINRA-2019-008); Order Granting
Petition for Review and Scheduling Filing of Statements
This matter comes before the Securities and Exchange Commission
(``Commission'') on petition to review the approval, pursuant to
delegated authority, of the Financial Industry Regulatory Authority,
Inc. (``FINRA'') proposed rule change to establish a new issue
reference data service for corporate bonds.
On April 2, 2019, the Commission issued a notice of filing of the
proposed rule change filed with the Commission pursuant to Section
19(b)(1) of the Securities Exchange Act of 1934 (``Exchange Act'') \1\
and Rule 19b-4 \2\
[[Page 9888]]
thereunder.\3\ On May 22, 2019, a longer time period was designated
within which to act on the proposed rule change.\4\ On July 1, 2019,
proceedings were instituted under Section 19(b)(2)(B) of the Exchange
Act \5\ to determine whether to approve or disapprove the proposed rule
change.\6\ On October 3, 2019, FINRA filed partial Amendment No. 2 to
the proposed rule change.\7\ On October 4, 2019, the Commission issued
a notice of filing of Amendment No. 2 to the proposed rule change and,
pursuant to Section 19(b)(2) of the Exchange Act,\8\ a longer time
period was designated for Commission action on proceedings to determine
whether to approve or disapprove the proposed rule change.\9\ On
December 4, 2019, after consideration of the record for the proposed
rule change, the Division of Trading and Markets (``Division''),
pursuant to delegated authority,\10\ approved the proposed rule change,
as modified by Amendment No. 2 (``Approval Order'').\11\
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Exchange Act Release No. 85488, 84 FR 13977 (Apr. 8,
2019).
\4\ See Exchange Act Release No. 85911, 84 FR 24839 (May 29,
2019).
\5\ 15 U.S.C. 78s(b)(2)(B).
\6\ See Exchange Act Release No. 86256, 84 FR 32506 (Jul. 8,
2019).
\7\ Partial Amendment No. 1 was filed on October 3, 2019 and
subsequently withdrawn on the same day due to a non-substantive
administrative error; it was replaced with Amendment No. 2.
\8\ 15 U.S.C. 78s(b)(2).
\9\ See Exchange Act Release No. 87232, 84 FR 54712 (Oct. 10,
2019).
\10\ 17 CFR 200.30-3(a)(12).
\11\ See Exchange Act Release No. 87656, 84 FR 67491 (Dec. 10,
2019).
---------------------------------------------------------------------------
On December 18, 2019, pursuant to Commission Rule of Practice
430,\12\ Bloomberg, L.P. (``Bloomberg'') filed a petition for review of
the Approval Order. Pursuant to Commission Rule of Practice 431(e), the
Approval Order is stayed by the filing with the Commission of a notice
of intention to petition for review.\13\ Pursuant to Rule 431 of the
Rules of Practice,\14\ the petition for review of the Approval Order of
Bloomberg is granted. Further, the Commission hereby establishes that
any party to the action or other person may file a written statement in
support of or in opposition to the Approval Order on or before March
16, 2020.
---------------------------------------------------------------------------
\12\ 17 CFR 201.430.
\13\ 17 CFR 201.431(e).
\14\ 17 CFR 201.431.
---------------------------------------------------------------------------
For the reasons stated above, it is hereby:
Ordered that the petition of Bloomberg for review of the Division's
action to approve the proposed rule change by delegated authority be
GRANTED; and
It is further Ordered that any party or other person may file a
statement in support of or in opposition to the action made pursuant to
delegated authority on or before March 16, 2020.
It is further Ordered that the December 4, 2019, order approving
the proposed rule change, as modified by Amendment No. 2 (File No. SR-
FINRA-2019-008), shall remain stayed pending further order by the
Commission.
By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2020-03372 Filed 2-19-20; 8:45 am]
BILLING CODE 8011-01-P
