35040 Federal Register / Vol. 83, No. 142 / Tuesday, July 24, 2018 / Notices 

11 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 83341 

(May 30, 2018), 83 FR 2612 (June 5, 2018). 

4See Letter from Duane Fiedler, to Secretary, 

Securities and Exchange Commission (June 23, 

2018). 

5 15 U.S.C. 78s(b)(2). 

6 Id. 

7 17 CFR 200.30–3(a)(31). 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 82532 

(Jan. 18, 2018), 83 FR 3380 (Jan. 24, 2018). 

4 15 U.S.C. 78s(b)(2). 

5See Securities Exchange Act Release No. 82795 

(Mar. 1, 2018), 83 FR 9768 (Mar. 7, 2018). 

6 15 U.S.C. 78s(b)(2)(B). 

7See Securities Exchange Act Release No. 83094 

(Apr. 23, 2018), 83 FR 18603 (Apr. 27, 2018). 

Specifically, the Commission instituted proceedings 

to allow for additional analysis of the proposed rule 

change’s consistency with Section 6(b)(5) of the 

Act, which requires, among other things, that the 

rules of a national securities exchange be ‘‘designed 

to prevent fraudulent and manipulative acts and 

practices, to promote just and equitable principles 

of trade,’’ and ‘‘to protect investors and the public 

interest.’’ See id. at 18604 (citing 15 U.S.C. 

78f(b)(5)). 

8See Letters from Steven Williams (May 17, 2018) 

and Sharon Brown-Hruska, Managing Director, and 

Trevor Wagener, Consultant, NERA Economic 

Consulting (May 18, 2018). All comments on the 

proposed rule change are available on the 

Commission’s website at: https://www.sec.gov/ 

comments/sr-nysearca-2018-02/ 

nysearca201802.htm. 

9 15 U.S.C. 78s(b)(2). 

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–ISE–2018–63 and should be 

submitted on or before August 14, 2018. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.11

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–15767 Filed 7–23–18; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–83668; File No. SR– 

NYSEAMER–2018–22] 

Self-Regulatory Organizations; NYSE 

American LLC; Notice of Designation 

of a Longer Period for Commission 

Action on a Proposed Rule Change To 

Amend Exchange Rule 7.35E Relating 

to the Auction Reference Price for a 

Trading Halt Auction Following a 

Regulatory Halt 

July 18, 2018. 

On May 15, 2018, NYSE American 

LLC (‘‘Exchange’’ or ‘‘NYSE American’’) 

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 Exchange Rule 7.35E 

relating to the Auction Reference Price 

for a Trading Halt Auction following a 

regulatory halt. The proposed rule 

change was published for comment in 

the Federal Register on June 5, 2018.3

The Commission has received one 

comment letter in response to the 

proposed rule change.4

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. 

Accordingly, the Commission, 

pursuant to Section 19(b)(2) of the Act,6

designates September 3, 2018, 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–NYSEAMER– 

2018–22). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.7

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–15765 Filed 7–23–18; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–83661; File No. SR– 

NYSEArca–2018–02] 

Self-Regulatory Organizations; NYSE 

Arca, Inc.; Notice of Designation of a 

Longer Period for Commission Action 

on Proceedings To Determine Whether 

To Approve or Disapprove a Proposed 

Rule Change Relating to Listing and 

Trading of the Direxion Daily Bitcoin 

Bear 1X Shares, Direxion Daily Bitcoin 

1.25X Bull Shares, Direxion Daily 

Bitcoin 1.5X Bull Shares, Direxion 

Daily Bitcoin 2X Bull Shares and 

Direxion Daily Bitcoin 2X Bear Shares 

Under NYSE Arca Rule 8.200–E 

July 18, 2018. 

On January 4, 2018, NYSE Arca, Inc. 

(‘‘NYSE Arca’’) 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 following 

exchange-traded products under NYSE 

Arca Rule 8.200–E, Commentary .02: 

Direxion Daily Bitcoin Bear 1X Shares, 

Direxion Daily Bitcoin 1.25X Bull 

Shares, Direxion Daily Bitcoin 1.5X Bull 

Shares, Direxion Daily Bitcoin 2X Bull 

Shares, and Direxion Daily Bitcoin 2X 

Bear Shares. The proposed rule change 

was published for comment in the 

Federal Register on January 24, 2018.3

On March 1, 2018, pursuant to Section 

19(b)(2) of the Act,4 the Commission 

designated a longer period within which 

to approve the proposed rule change, 

disapprove the proposed rule change, or 

institute proceedings to determine 

whether to disapprove the proposed 

rule change.5 On April 23, 2018, the 

Commission instituted proceedings 

under Section 19(b)(2)(B) of the Act 6 to 

determine whether to approve or 

disapprove the proposed rule change.7

The Commission has received two 

comments on the proposed rule 

change.8

Section 19(b)(2) of the Act 9 provides 

that, after initiating disapproval 

proceedings, the Commission shall issue 

an order approving or disapproving the 

proposed rule change not later than 180 

days after the date of publication of 

notice of filing of the proposed rule 

change. The Commission may extend 

the period for issuing an order 

approving or disapproving the proposed 

rule change, however, by not more than 

60 days if the Commission determines 

that a longer period is appropriate and 

publishes the reasons for such 

determination. The proposed rule 

change was published for notice and 

comment in the Federal Register on 

January 24, 2018. July 23, 2018, is 180 


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