[Federal Register Volume 81, Number 17 (Wednesday, January 27, 2016)]
[Notices]
[Page 4724]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-01536]
[[Page 4724]]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-76955; File No. SR-NYSEArca-2015-93]
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of
Designation of a Longer Period for Commission Action on Proposed Rule
Change, as Modified by Amendment No. 1, Relating To Listing and Trading
of Shares of the Cumberland Municipal Bond ETF Under NYSE Arca Equities
Rule 8.600
January 21, 2016.
On November 24, 2015, NYSE Arca, Inc. 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 list and trade shares of the
Cumberland Municipal Bond ETF, a series of the ETF is Series Trust I.
The proposed rule change was published for comment in the Federal
Register on December 14, 2015.\3\ On December 29, 2015, the Exchange
submitted Amendment No. 1 to the proposed rule change.\4\ The
Commission received no comment letters on the proposed rule change.
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 76590 (December 8,
2015), 80 FR 77384 (``Notice'').
\4\ In Amendment No. 1, which replaces and supersedes the
original filing in its entirety, the Exchange made clarifying
changes, added a representation regarding municipal bonds, deleted a
sentence regarding redemption, and clarified pricing information for
certain assets. Amendment No. 1 is not subject to notice and comment
because it is a technical amendment that does not materially alter
the substance of the proposed rule change or raise any novel
regulatory issues. It is available at: http://www.sec.gov/comments/sr-nysearca-2015-93/nysearca201593-1.pdf.
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Section 19(b)(2) of the Act \5\ 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.
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\5\ 15 U.S.C. 78s(b)(2).
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Accordingly, the Commission, pursuant to Section 19(b)(2) of the
Act,\6\ designates April 27, 2016, as the date by which the Commission
should either approve or disapprove or institute proceedings to
determine whether to disapprove the proposed rule change (File Number
SR-NYSEArca-2015-93), as modified by Amendment No. 1.
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\6\ Id.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\7\
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\7\ 17 CFR 200.30-3(a)(31).
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Brent J. Fields,
Secretary.
[FR Doc. 2016-01536 Filed 1-26-16; 8:45 am]
BILLING CODE 8011-01-P