31628 Federal Register / Vol. 83, No. 130 / Friday, July 6, 2018 / Notices 

178 15 U.S.C. 78s(b)(2). 

179 Id. 

180 17 CFR 200.30–3(a)(12). 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3SPAC initial listing requirements are currently 

set forth in Section 102.06 of the Manual and SPAC 

continued listing requirements are in Section 

802.01B of the Manual. 

4See Securities Exchange Act Release No. 82180 

(November 30, 2017), 82 FR 57632. 

5See Letters to Brent J. Fields, Secretary, 

Commission, from Michael Kitlas, dated November 

30, 2017 (‘‘Kitlas Letter’’); Jeffrey P. Mahoney, 

General Counsel, Council of Institutional Investors, 

dated December 20, 2017 (‘‘CII Letter’’). 

6See Securities Exchange Act Release No. 82531 

(January 18, 2018), 83 FR 3371. 

7See Securities Exchange Act Release No. 82804, 

83 FR 10530 (March 9, 2018). 

8See Letter to Brent J. Fields, Secretary, 

Commission, from Jeffrey P. Mahoney, General 

Counsel, Council of Institutional Investors, dated 

March 26, 2018 (‘‘CII Letter II’’). 

9See Securities Exchange Act Release No. 83355, 

83 FR 26331 (June 6, 2018). 

10 17 CFR 200.30–3(a)(12). 

shareholders and potential shareholders 

regarding an LTSE Listings Issuer’s 

long-term voting structure and regarding 

how they can accrue additional voting 

power over time. The Commission also 

believes that it is appropriate for the 

Exchange to not apply the minimum 

market maker requirements of IEX Rules 

14.310 and 14.320 when another 

national securities exchange is the 

Primary Listing Market for the LTSE 

Listings Issuer’s dually-listed securities. 

The Commission believes that 

Amendment No. 1 does not raise any 

new or novel regulatory issues, and 

provides additional transparency to 

investors, further facilitating the 

Commission’s ability to make the 

findings set forth above to approve the 

Exchange’s proposed rule change. For 

these reasons, the Commission finds 

good cause, pursuant to Section 19(b)(2) 

of the Act,178 to approve the proposed 

rule change, as modified by Amendment 

No. 1, on an accelerated basis. 

VIII. Conclusion 

It is therefore ordered, pursuant to 

Section 19(b)(2) of the Act,179 that the 

proposed rule change (SR–IEX–2018– 

06), as modified by Amendment No. 1, 

be, and hereby is, approved on an 

accelerated basis. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.180

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–14461 Filed 7–5–18; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–83570; File No. SR–NYSE– 

2017–53] 

Self-Regulatory Organizations; New 

York Stock Exchange LLC; Notice of 

Withdrawal of Proposed Rule Change 

To Amend the Listed Company Manual 

for Special Purpose Acquisition 

Companies To Lower the Initial 

Holders Requirement From 300 to 150 

Round Lot Holders and To Eliminate 

Completely the Public Stockholders 

Continued Listing Requirement, To 

Require at Least $5 Million in Net 

Tangible Assets for Initial and 

Continued Listing, and To Impose a 30- 

Day Deadline To Demonstrate 

Compliance With Certain Initial Listing 

Requirements Following a Business 

Combination 

June 29, 2018. 

On November 16, 2017, New York 

Stock Exchange LLC (‘‘NYSE’’ 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 

amend the Listed Company Manual 

(‘‘Manual’’) for Special Purpose 

Acquisition Companies (‘‘SPACs’’) to 

lower the initial holders requirement 

from 300 to 150 round lot holders and 

to eliminate the continued listing 

requirement of 300 public stockholders 

completely, to require at least $5 million 

in net tangible assets for initial listing 

and continued listing, and to allow 

companies 30 days to demonstrate 

compliance with the applicable holder 

requirements of Section 102.01A in the 

Manual following a business 

combination.3 Finally, NYSE proposed 

to eliminate certain alternative initial 

listing distribution criteria for securities 

of SPACs that list in connection with a 

transfer or quotation. 

The proposed rule change was 

published for comment in the Federal 

Register on December 6, 2017.4 The 

Commission received two comments on 

the proposal in response.5 On January 

18, 2018, the Commission extended the 

time period within which to approve 

the proposed rule change, disapprove 

the proposed rule change, or institute 

proceedings to determine whether to 

approve or disapprove the proposed 

rule change, to March 6, 2018.6 On 

March 5, 2018, the Commission issued 

an order instituting proceedings under 

Section 19(b)(2)(B) of the Act to 

determine whether to approve or 

disapprove the proposed rule change.7

The Commission received one 

additional comment.8 On May 31, 2018, 

the Commission designated a longer 

period for the Commission to issue an 

order approving or disapproving the 

proposed rule change.9 On June 21, 

2018, the Exchange withdrew the 

proposed rule change (SR–NYSE–2017– 

53). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.10

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–14464 Filed 7–5–18; 8:45 am] 

BILLING CODE 8011–01–P 

DEPARTMENT OF STATE 

[Public Notice: 10457] 

Certification Pursuant to Section 

7045(a)(4)(B) of the Department of 

State, Foreign Operations, and Related 

Programs Appropriations Act, 2017 

By virtue of the authority vested in 

me as the Secretary of State, including 

pursuant to section 7045(a)(4)(B) of the 

Department of State, Foreign 

Operations, and Related Programs 

Appropriations Act 2017 (Div. J, Pub. L. 

115–31), I hereby certify that the central 

Government of Guatemala is taking 

effective steps, which are in addition to 

those steps taken since the certification 

and report submitted during the prior 

year, to: 

• Work cooperatively with an 

autonomous, publicly accountable 

entity to provide oversight of the Plan; 

• Combat all forms of government 

and international agency corruption and 

impunity when credibly alleged; 

• Implement reforms, policies, and 

programs to improve transparency and 

strengthen public institutions, including 


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