Document ID: SEC-2016-1606-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: NYSE Arca, Inc.
Posted Date: 2016-09-08T04:00Z

[Federal Register Volume 81, Number 174 (Thursday, September 8, 2016)]
[Notices]
[Page 62192]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-21519]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-78755; File No. SR-NYSEArca-2016-103]

Self-Regulatory Organizations; NYSE Arca Inc.; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change Amending Rules 2.17(c) and 2.23(i) To Extend the Time Within 
Which OTP Holders and OTP Firms Must File a Uniform Termination Notice 
for Securities Industry Registration (``U5'')

September 1, 2016.
    On July 14, 2016, NYSE Arca, Inc. 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 Rules 2.17(c) and 
2.23(i) to extend the time within which OTP Holders and OTP Firms must 
file a U5. The proposed rule change was published for comment in the 
Federal Register on July 27, 2016.\3\ The Commission received no 
comments in response to the proposal. In response to a related proposed 
rule change,\4\ however, the Commission received a comment letter and a 
response to those comments from the proposing exchange.\5\
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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. 78381 (July 21, 
2016), 81 FR 49286.
    \4\ See Securities Exchange Act Release No. 78198 (June 30, 
2016), 81 FR 44363.
    \5\ See letter from Judith Shaw, President, North American 
Securities Administrators Association, Inc., to Brent J. Fields, 
Secretary, Securities and Exchange Commission, dated August 3, 2016 
(``NASAA Letter'') and letter from Elizabeth K. King, General 
Counsel and Corporate Secretary, New York Stock Exchange to Brent J. 
Fields, Secretary, SEC, dated August 12, 2016.
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    Section 19(b)(2) of the Act \6\ 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 September 10, 2016. The Commission is extending this 45-day time 
period.
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    \6\ 15 U.S.C. 78s(b)(2).
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    The Commission finds it 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 issues raised in the NASAA Letter, as 
well as those in the response from NYSE MKT LLC., in connection with 
the proposed rule change. Accordingly, the Commission, pursuant to 
Section 19(b)(2) of the Act,\7\ designates October 25, 2016, 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 No. SR-NYSEArca-2016-103).
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    \7\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\8\
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    \8\ 17 CFR 200.30-3(a)(31).
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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-21519 Filed 9-7-16; 8:45 am]
 BILLING CODE 8011-01-P