[Federal Register Volume 81, Number 112 (Friday, June 10, 2016)]
[Notices]
[Pages 37659-37660]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-13716]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-77996; File No. SR-NYSE-2016-22]
Self-Regulatory Organizations; New York Stock Exchange LLC;
Notice of Designation of a Longer Period for Commission Action on a
Proposed Rule Change, as Modified by Amendment No. 5, To Adopt Initial
and Continued Listing Standards for the Listing of Equity Investment
Tracking Stocks and Adopt Listing Fees Specific to Equity Investment
Tracking Stocks
June 6, 2016.
On April 7, 2016, the New York Stock Exchange LLC (``NYSE'' or the
``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 adopt initial and continued listing standards
for the listing of Equity Investment Tracking Stocks and to adopt fees
for Equity Investment Tracking Stocks. The proposed rule change was
published for comment in the Federal Register on April 27, 2016.\3\ On
April 20, 2016, the Exchange filed Amendment No. 1 to the proposed rule
change, which superseded the original filing in its entirety.\4\ On May
17, 2016, the Exchange filed Amendment No. 5 to the proposal, which
superseded the filing, as amended by Amendment No. 1. Amendment No. 5
was published for comment in the Federal Register on May 23, 2016.\5\
No comments have been received on the proposed rule change in response
to both the original publication
[[Page 37660]]
of the proposal in the Federal Register \6\ and, to date, in response
to the subsequent publication of the proposal as modified by Amendment
No. 5.\7\
---------------------------------------------------------------------------
\1\ 15 U.S.C.78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 77674 (April 21,
2016), 81 FR 24919 (April 27, 2016).
\4\ On May 13, 2016, the Exchange submitted and withdrew
Amendment No. 2 to the proposed rule change. On May 13, 2016, the
Exchange filed Amendment No. 3 to the proposed rule change, and on
May 16, 2016 the Exchange withdrew Amendment No. 3 to the proposed
rule change. On May 16, 2016 the Exchange submitted Amendment No. 4
to the proposal, and on May 17, 2016, the Exchange withdrew
Amendment No. 4 to the proposed rule change.
\5\ See Securities Exchange Act Release No. 77850 (May 17,
2016), 81 FR 32360 (May 23, 2016).
\6\ See note 3 supra.
\7\ See note 5 supra.
---------------------------------------------------------------------------
Section 19(b)(2) of the Act \8\ 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 June 11, 2016. The Commission is extending this 45-day time period
for Commission action on the proposed rule change.
---------------------------------------------------------------------------
\8\ 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, as modified by
Amendment No. 5.\9\ Accordingly, the Commission, pursuant to Section
19(b)(2) of the Act,\10\ and for the reason noted above, designates
July 26, 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 No. SR-NYSE-2016-22).
---------------------------------------------------------------------------
\9\ See note 4 supra, and accompanying text.
\10\ 15 U.S.C. 78s(b)(2).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\11\
---------------------------------------------------------------------------
\11\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-13716 Filed 6-9-16; 8:45 am]
BILLING CODE 8011-01-P