Federal Register / Vol. 79, No. 246 / Tuesday, December 23, 2014 / Notices 77075 

24 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. 72492 

(June 27, 2014), 79 FR 38099 (SR–MIAX–2014–30) 

(‘‘iShares ETFs Proposal’’). 

4See Securities Exchange Act Release No. 72835 

(August 13, 2014), 79 FR 49140 (August 19, 2014). 

5See Securities Exchange Act Release No. 73211 

(September 25, 2014), 79 FR 59338 (October 1, 

2014). 

6See Letter to Elizabeth M. Murphy, Secretary, 

Commission, from Brian O’Neill, Vice President 

and Senior Counsel, MIAX, dated October 22, 2014 

(providing comment on SR–MIAX–2014–30 and 

SR–MIAX–2014–39) (‘‘MIAX Letter’’). 

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

8The Commission notes that MIAX also 

submitted a similar proposed rule change to list and 

trade options on shares of certain Market Vectors 

ETFs. See Securities Exchange Act Release No. 

72777 (August 6, 2014), 79 FR 47165 (August 12, 

2014) (MIAX–2014–39). 

9See MIAX Rule 402(i)(5)(ii)(B). The Exchange 

represents that each of the iShares ETFs are 

comprised of component securities for which the 

primary market is a single foreign market, and that, 

for each ETF, MIAX does not have a CSSA with its 

foreign counterpart in the applicable foreign 

market. 

10 Id. 

11 17 CFR 200.30–3(a)(57). 

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

2 17 CFR 240.19b–4. 

file number should be included on the 

subject line if email is used. To help the 

Commission process and review your 

comments more efficiently, please use 

only one method. The Commission will 

post all comments on the Commission’s 

Internet Web site (http://www.sec.gov/

rules/sro.shtml). Copies of the 

submission, all subsequent 

amendments, all written statements 

with respect to the proposed rule 

change that are filed with the 

Commission, and all written 

communications relating to the 

proposed rule change between the 

Commission and any person, other than 

those that may be withheld from the 

public in accordance with the 

provisions of 5 U.S.C. 552, will be 

available for Web site viewing and 

printing in the Commission’s Public 

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 such 

filing also will be available for 

inspection and copying at the principal 

office of the Exchange. All comments 

received will be posted without change; 

the Commission does not edit personal 

identifying information from 

submissions. You should submit only 

information that you wish to make 

available publicly. All submissions 

should refer to File Number SR– 

NYSEArca–2014–139, and should be 

submitted on or before January 13, 2015. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.24

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2014–29969 Filed 12–22–14; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–73856; File No. SR–MIAX– 

2014–30] 

Self-Regulatory Organizations; Miami 

International Securities Exchange LLC; 

Notice of Designation of a Longer 

Period for Commission Action on 

Proceedings To Determine Whether To 

Approve or Disapprove a Proposed 

Rule Change To List and Trade 

Options on Shares of the iShares ETFs 

December 17, 2014. 

On June 17, 2014, Miami International 

Securities Exchange LLC (‘‘MIAX’’ or 

‘‘Exchange’’) filed with the Securities 

and Exchange Commission 

(‘‘Commission’’), pursuant to Section 

19(b)(1) of the Securities Exchange Act 

of 1934 (‘‘Exchange Act’’ or ‘‘Act’’) 1 and 

Rule 19b–4 thereunder,2 a proposed rule 

change to list and trade options on 

shares of the iShares MSCI Brazil 

Capped ETF, iShares MSCI Chile 

Capped ETF, iShares MSCI Peru Capped 

ETF, and iShares MSCI Spain Capped 

ETF (collectively ‘‘iShares ETFs’’). The 

proposed rule change was published for 

comment in the Federal Register on July 

3, 2014.3 On August 13, 2014, the 

Commission extended the time period 

in which to either 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 

October 1, 2014.4 On September 25, 

2014, the Commission instituted 

proceedings to determine whether to 

approve or disapprove the proposed 

rule change.5 The Commission received 

a letter from MIAX on the proposal.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. 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. In this case, the 

proposed rule change was published for 

notice and comment in the Federal 

Register on July 3, 2014. December 30, 

2014, is 180 days from that date, and 

February 28, 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 evaluate 

the proposed rule change and whether 

it is consistent with the Act.8 The 

proposed rule change would allow the 

Exchange to list for trading on the 

Exchange options on shares of the 

iShares ETFs without satisfying the 

Exchange’s listing standards, which 

require, in part, that the component 

securities of an index or portfolio of 

securities on which the Exchange 

Traded Fund Shares are based for which 

the primary market is in any one 

country that is not subject to a 

comprehensive surveillance sharing 

agreement do not represent 20% or 

more of the weight of the index.9

Accordingly, the Commission, 

pursuant to Section 19(b)(2) of the 

Act,10 designates February 28, 2015, as 

the date by which the Commission shall 

either approve or disapprove the 

proposed rule change (File No. SR– 

MIAX–2014–30). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.11

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2014–29968 Filed 12–22–14; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–73858; File No. SR– 

NYSEMKT–2014–14] 

Self-Regulatory Organizations; NYSE 

MKT LLC; Order Approving a 

Proposed Rule Change Amending 

Exchange Rule 967NY To Enhance the 

Functionality of the Trade Collar 

Protection Mechanism 

December 17, 2014. 

I. Introduction 

On October 24, 2014, NYSE MKT LLC 

(the ‘‘Exchange’’ or ‘‘NYSE MKT’’) 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 967NY 

relating to the Exchange’s ‘‘Trade Collar 

Protection’’ mechanism for options. The 

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