Document ID: SEC-2018-1322-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: New York Stock Exchange, LLC
Posted Date: 2018-08-22T04:00Z

[Federal Register Volume 83, Number 163 (Wednesday, August 22, 2018)]
[Notices]
[Page 42534]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-18063]

-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-83860; File No. SR-NYSE-2018-30]

Self-Regulatory Organizations; New York Stock Exchange LLC; 
Notice of Designation of a Longer Period for Commission Action on a 
Proposed Rule Change To Provide for the Listing of Exchange Traded 
Products With No Component NMS Stock Listed on the Exchange, Amend Its 
Rules Regarding Unlisted Trading Privileges, and Make Corresponding 
Changes

August 16, 2018.
    On June 15, 2018, New York Stock Exchange LLC (``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: (1) 
Provide for the listing of exchange traded products (``ETPs'') that do 
not have any component NMS Stock \3\ that is listed on the Exchange or 
that is based on, or represents an interest in, an underlying index or 
reference asset that includes an NMS Stock listed on the Exchange; (2) 
delete certain redundant listing rules that would be superseded by 
these initial and continued listing and trading requirements for the 
listing of ETPs; and (3) make changes to its unlisted trading 
privileges rule, Rule 5.1(a)(2), as well as certain supplementary 
changes throughout Rules 5P and 8P to conform to the rules of the 
Exchange's affiliate, NYSE National, Inc. The proposed rule change was 
published for comment in the Federal Register on July 6, 2018.\4\ The 
Commission has received no comment letters on the proposed rule change.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ NMS Stock is defined in Rule 600 of Regulation NMS, 17 CFR 
242.600(b)(47).
    \4\ See Securities Exchange Act Release No. 83560 (June 29, 
2018), 83 FR 31585.
---------------------------------------------------------------------------

    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 
45th day after publication of the notice for this proposed rule change 
is August 20, 2018. The Commission is extending this 45-day time 
period.
---------------------------------------------------------------------------

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

    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 October 4, 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 Number 
SR-NYSE-2018-30).
---------------------------------------------------------------------------

    \6\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
---------------------------------------------------------------------------

    \7\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------

Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-18063 Filed 8-21-18; 8:45 am]
BILLING CODE 8011-01-P