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###### Securities and Exchange Commission

          - [Release No. 34-81977; File No. SR-NYSEArca-2017-36]

                    On April 14, 2017, NYSE Arca, Inc. (“Exchange” or “NYSE Arca”) filed with the Securities and Exchange Commission (“Commission”), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Exchange Act”) [1]                                          and Rule 19b-4 thereunder,[2]                                          a proposed rule change to: (1) Adopt NYSE Arca Equities Rule 8.900 (Managed Portfolio Shares); and (2) list and trade shares of the Royce Pennsylvania ETF, Royce Premier ETF, and Royce Total Return ETF under proposed NYSE Arca Equities Rule 8.900. The proposed rule change was published for comment in the                     **Federal Register**                     on May 4, 2017.[3]                                          On June 15, 2017, pursuant to Section 19(b)(2) of the Exchange 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]                                          The Commission received four comments on the proposed rule change.[6]                                          On July 31, 2017, the Commission instituted proceedings under Section 19(b)(2)(B) of the Exchange Act [7]                                          to determine whether to approve or disapprove the proposed rule change.[8]                                          Since then, the Commission has received five additional comments on the proposed rule change.[9] 

                    Section 19(b)(2) of the Act [10]                                          provides that, after initiating 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, however, may extend the period for issuing an order approving or disapproving the proposed rule change by not more than 60 days if the                           ( print page 51312)                        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 May 4, 2017.[11]                                          October 31, 2017, is 180 days from that date, and December 30, 2017, is an additional 60 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 proposed rule change and the issues raised in the comment letters that have been submitted in connection therewith. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,[12]                                          designates December 30, 2017, as the date by which the Commission should either approve or disapprove the proposed rule change (File No SR-NYSEArca-2017-36).                

                        For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.[13] 

Eduardo A. Aleman,

Assistant Secretary.

# Footnotes

1.                             15 U.S.C. 78s(b)(1).                    
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2.                             17 CFR 240.19b-4.                    
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3.                                                     *See*                         Securities Exchange Act Release No. 80553 (April 28, 2017), 82 FR 20932.                    
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4.                             15 U.S.C. 78s(b)(2).                    
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5.                                                     *See*                         Securities Exchange Act Release No. 80935, 82 FR 28152 (June 20, 2017). The Commission designated August 2, 2017, as the date by which it should approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change.                    
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6.                                                     *See*                         Letter from Gary L. Gastineau, President, ETF Consultants.com, Inc., to Brent J. Fields, Secretary, Commission, dated May 24, 2017; Letter from Todd J. Broms, Chief Executive Officer, Broms & Company LLC, to Brent J. Fields, Secretary, Commission, dated May 25, 2017; Letter from James J. Angel, Associate Professor of Finance, Georgetown University, McDonough School of Business, to the Commission, dated May 25, 2017; and Terence W. Norman, Founder, Blue Tractor Group, LLC, to Brent J. Fields, Secretary, Commission, dated July 18, 2017. The comment letters are available on the Commission's Web site at:                         *https://www.sec.gov/​comments/​sr-nysearca-2017-36/​nysearca2017-36.htm.*
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7.                             15 U.S.C. 78s(b)(2)(B).                    
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8.                                                     *See*                         Securities Exchange Act Release No. 81267, 82 FR 36510 (August 4, 2017).                    
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9.                                                     *See*                         Letter from Christopher P. Wilcox, J.P. Morgan Asset Management, to David W. Grim, Director, Division of Investment Management, Commission, dated July 7, 2017; Letter from Mark Criscitello, Chairman, Precidian Funds LLC, to Brent J. Fields, Secretary, Commission, dated October 11, 2017; Letter from Daniel J. McCabe, Chief Executive, Precidian Investments, to Brent J. Fields, Secretary, Commission, dated October 12, 2017; Letter from Andrew M. Gross, Jr., to Jay Clayton, Chairman, Commission, dated October 16, 2017; and Letter from Joseph A. Sullivan, Chairman and Chief Executive Officer, Legg Mason, Inc., to Brent J. Fields, Secretary, Commission, dated October 12, 2017. The comment letters are available on the Commission's Web site at:                         *https://www.sec.gov/​comments/​sr-nysearca-2017-36/​nysearca201736.htm.*
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10.                             15 U.S.C. 78s(b)(2).                    
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11.                                                     *See supra*                         note 3.                    
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12.                             15 U.S.C. 78s(b)(2).                    
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13.                                 17 CFR 200.30-3(a)(57).                        
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[FR Doc. 2017-23923 Filed 11-2-17; 8:45 am]

 BILLING CODE 8011-01-P