Document ID: SEC-2014-1731-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: NYSE Arca, Inc.
Posted Date: 2014-10-15T04:00Z

[Federal Register Volume 79, Number 199 (Wednesday, October 15, 2014)]
[Notices]
[Page 61911]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-24421]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-73320; File No. SR-NYSEArca-2014-30]

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 To 
List and Trade Shares of Hull Tactical US ETF Under NYSE Arca Equities 
Rule 8.600

October 8, 2014.

    On March 24, 2014, 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 (``Shares'') of Hull Tactical US ETF under NYSE Arca Equities 
Rule 8.600. The proposed rule change was published for comment in the 
Federal Register on April 11, 2014.\3\ On May 21, 2014, pursuant to 
Section 19(b)(2) of the Act,\4\ the Commission designated a longer 
period within which to either approve the proposed rule change, 
disapprove the proposed rule change, or institute proceedings to 
determine whether to disapprove the proposed rule change.\5\ On July 9, 
2014, the Commission instituted proceedings to determine whether to 
approve or disapprove the proposed rule change.\6\ The Commission 
received one comment letter.\7\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 71894 (Apr. 7, 
2014), 79 FR 20273 (``Notice'').
    \4\ 15 U.S.C. 78s(b)(2).
    \5\ Securities Exchange Act Release No. 72214 (May 21, 2014), 79 
FR 30672 (May 28, 2014). The Commission determined that it was 
appropriate to designate a longer period within which to take action 
on the proposed rule change so that it would have sufficient time to 
consider the proposed rule change. Accordingly, the Commission 
designated July 10, 2014 as the date by which it should approve, 
disapprove, or institute proceedings to determine whether to 
disapprove the proposed rule change.
    \6\ Securities Exchange Act Release No. 72571 (July 9, 2014), 79 
FR 41330 (July 15, 2014). 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.
    \7\ See Letter from Christopher S. Jones, Associate Professor, 
University of Southern California to Elizabeth M. Murphy, Secretary, 
Commission (Sept. 16, 2014).
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    Section 19(b)(2) of the Act \8\ 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 April 11, 2014.\9\ The 180th day after publication 
of the notice of the filing of the proposed rule change in the Federal 
Register is October 8, 2014, and the 240th day after publication of the 
notice of the filing of the proposed rule change in the Federal 
Register is December 5, 2014.
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    \8\ 15 U.S.C. 78s(b)(2).
    \9\ See supra note 3 and accompanying text.
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    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 comment letter received.
    Accordingly, the Commission pursuant to 19(b)(2) of the Act \10\ 
designates December 5, 2014 as the date by which the Commission shall 
either approve or disapprove the proposed rule change  (File No. SR-
NYSEArca-2014-30).
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    \10\ 15 U.S.C. 78s(b)(2).
    \11\ 17 CFR 200.30-3(a)(12).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\11\
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-24421 Filed 10-14-14; 8:45 am]
BILLING CODE 8011-01-P