Document Headings

                    Document headings vary by document type but may contain                    the following:                  
                -                       the agency or agencies that issued and signed a document                    
                -                       the number of the CFR title and the number of each part                      the document amends, proposes to amend, or is directly                      related to                    
                -                       the agency docket number / agency internal file number                    
                -                       the RIN which identifies each regulatory action listed in                      the Unified Agenda of Federal Regulatory and Deregulatory                      Actions                    

                    See the                                          Document Drafting Handbook                                        for more details.                  

###### Securities and Exchange Commission

          - [Release No. 34-74705; File No. SR-NYSEArca-2014-117]

## I. Introduction

                    On October 2, 2014, NYSE Arca, Inc. (“NYSE Arca” 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 remove the Exchange's quote mitigation plan as provided by Commentary .03 to NYSE Arca Rule 6.86. The proposed rule change was published for comment in the                     **Federal Register**                     on October 21, 2014.[3]                                          On December 2, 2014, the Commission extended the time period in which to either approve the proposal, disapprove the proposal, or to institute proceedings to determine whether to approve or disapprove the proposal, to January 19, 2015.[4]                                          On January 16, 2015, the Commission instituted proceedings to determine whether to approve or disapprove the proposal.[5]                                          The Commission received 2 comment letters in further support of the proposal from NYSE Arca.[6] 

                    Section 19(b)(2) of the Act [7]                                          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.[8]                                          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.[9]                                          The proposed rule change was published for notice and comment in the                     **Federal Register**                     on October 21, 2014. April 19, 2015, is 180 days from that date, and June 18, 2015, is 240 days from that date.                

The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposal, and the issues raised in NYSE Arca's comment letters.

                    Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,[10]                                          designates June 18, 2015 as the date by which the Commission shall either approve or disapprove the proposed rule change (File No. SR-NYSEArca-2014-117).                

                        For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.[11] 

Brent J. Fields,

Secretary.

# Footnotes

1.                             15 U.S.C. 78s(b)(1).                    
        Back to Citation      

2.                             17 CFR 240.19b-4.                    
        Back to Citation      

3.                                                     *See*                         Securities Exchange Act Release No. 73362 (October 15, 2014), 79 FR 62983 (“Notice”).                    
        Back to Citation      

4.                                                     *See*                         Securities Exchange Act Release No. 73720 (December 2, 2014), 79 FR 72747 (December 8, 2014).                    
        Back to Citation      

5.                                                     *See*                         Securities Exchange Act Release No. 74088 (January 16, 2015), 80 FR 3687 (January 23, 2015) (“Order Instituting Proceedings”).                    
        Back to Citation      

6.                                                     *See*                         letters to Elizabeth M. Murphy, Secretary, Commission, from Elizabeth King, Secretary & General Counsel, Exchange, dated January 8, 2015 and February 27, 2015.                    
        Back to Citation      

7.                             15 U.S.C. 78s(b)(2).                    
        Back to Citation      

8.                             15 U.S.C. 78s(b)(2)(B)(ii)(I).                    
        Back to Citation      

9.                             15 U.S.C. 78s(b)(2)(B)(ii)(II).                    
        Back to Citation      

10.                             15 U.S.C. 78s(b)(2).                    
        Back to Citation      

11.                                 17 CFR 200.30-3(a)(57).                        
        Back to Citation      

[FR Doc. 2015-08699 Filed 4-15-15; 8:45 am]

 BILLING CODE 8011-01-P