[Federal Register Volume 81, Number 57 (Thursday, March 24, 2016)]
[Notices]
[Page 15774]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-06606]
[[Page 15774]]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-77405; File No. SR-NYSEArca-2016-08)
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of
Designation of a Longer Period for Commission Action on Proposed Rule
Change To Adopt NYSE Arca Equities Rule 8.900 To Permit Listing and
Trading of Managed Portfolio Shares and To Permit Listing and Trading
of Shares of Fifteen Issues of the Precidian ETFs Trust
March 18, 2016.
On January 27, 2016, NYSE Arca, Inc. (``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 NYSE
Arca Equities Rule 8.900 to permit the listing and trading of Managed
Portfolio Shares; (2) amend NYSE Arca Equities Rule 7.34 to reference
securities described in proposed NYSE Arca Equities Rule 8.900 in Rule
7.34(a)(3)(A) relating to securities traded in the Core Trading
Session; and (3) list and trade shares of 15 funds of the Precidian
ETFs Trust (``Trust'') pursuant to proposed NYSE Arca Equities Rule
8.900.\3\ The proposed rule change was published for comment in the
Federal Register on February 18, 2016.\4\ On March 9, 2016, the
Exchange filed Amendment No. 1 to the proposed rule change.\5\ The
Commission has received one comment letter on the proposal.\6\
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ The Exchange proposes to list and trade shares of the
following funds: (1) Precidian U.S. Managed Volatility Fund; (2)
Precidian Strategic Value; (3) Precidian Large Cap Value; (4)
Precidian Focused Dividend Strategy; (5) Precidian U.S. Large Cap
Growth; (6) Precidian U.S. Core Equity; (7) Precidian U.S. Mid Cap
Growth; (8) Precidian Total Return; (9) Precidian High Dividend
Yield; (10) Precidian Small Cap Dividend Value; (11) Precidian
Multi-factor Small Cap Core; (12) Precidian Multi-factor Small Cap
Growth; (13) Precidian Large Cap Core Plus 130/30; (14) Precidian
Mid Cap Core Plus 130/30; and (15) Precidian Small Cap Core Plus
130/30.
\4\ See Securities Exchange Act Release No. 77117 (Feb. 11,
2016), 81 FR 8269.
\5\ In Amendment No. 1 to the proposed rule change, the Exchange
corrected the citations to the Trust's Form N-1A and Exemptive
Application, which were misstated in the proposal. Because Amendment
No. 1 is technical in nature and does not materially alter the
substance of the proposed rule change or raise any novel regulatory
issues, it is not subject to notice and comment. Amendment No. 1 to
the proposed rule change is available on the Commission's Web site
at: http://www.sec.gov/comments/sr-nysearca-2016-08/nysearca201608-1.pdf.
\6\ See Letter from Gary L. Gastineau, President, ETF
Consultants.com, inc., to Brent J. Fields, Secretary, Commission,
dated March 10, 2016. This comment letter is available on the
Commission's Web site at: http://www.sec.gov/comments/sr-nysearca-2016-08/nysearca201608-2.pdf.
---------------------------------------------------------------------------
Section 19(b)(2) of the Act \7\ 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
45th day after publication of the notice for this proposed rule change
is April 3, 2016. The Commission is extending this 45-day time period.
---------------------------------------------------------------------------
\7\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------
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 this proposed rule change. Accordingly, the
Commission, pursuant to Section 19(b)(2) of the Act,\8\ designates May
18, 2016, 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-2016-08).
---------------------------------------------------------------------------
\8\ Id.
---------------------------------------------------------------------------
\9\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\9\
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-06606 Filed 3-23-16; 8:45 am]
BILLING CODE 8011-01-P