Document ID: SEC-2017-1089-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: New York Stock Exchange LLC
Posted Date: 2017-06-28T04:00Z

[Federal Register Volume 82, Number 123 (Wednesday, June 28, 2017)]
[Notices]
[Pages 29347-29348]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-13488]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81000; File No. SR-NYSE-2017-12]

Self-Regulatory Organizations; New York Stock Exchange LLC; 
Notice of Withdrawal of a Proposed Rule Change, as Modified by 
Amendment No. 3, To Amend Section 102.01B of the NYSE Listed Company 
Manual To Modify the Requirements That Apply to Companies That List 
Without a Prior Exchange Act Registration and That Are Not Listing in 
Connection With an Underwritten Initial Public Offering

June 22, 2017.
    On March 13, 2017, the New York Stock Exchange LLC (``NYSE'' or the 
``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 amend Section 102.01B of the Manual to modify 
the provisions relating to the qualification of companies listing 
without a prior Exchange Act registration and an underwritten offering 
to permit the listing of such companies immediately upon effectiveness 
of an Exchange Act registration statement without a concurrent public 
offering registered under the Securities Act of 1933 provided the 
company meets all other listing requirements. The proposal also would 
eliminate the requirement to have a private placement market trading 
price if there is a valuation from an independent third-party of $250 
million in market value of publicly-held shares. The proposed rule 
change was published for comment in the Federal Register on March 31, 
2017.\3\ The Commission received no comments on the proposed rule 
change. On May 12, 2017, the Commission extended the time period within 
which to 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 June 29, 2017.\4\ On June 6, 
2017, the Exchange filed Amendment No. 3 to the proposed rule 
change.\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. 34-80313 (March 27, 
2017), 82 FR 16082 (March 31, 2017).
    \4\ See Securities Exchange Act Release No. 34-80670 (May 12, 
2017), 82 FR 22866 (May 18, 2017).
    \5\ The Exchange also filed Amendment No. 1 to the proposed rule 
change on May 16, 2017 and Amendment No. 2 to the proposed rule 
change on May 24, 2017, both of which were subsequently withdrawn.

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[[Page 29348]]

    On June 19, 2017, the Exchange withdrew the proposed rule change, 
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as modified by Amendment No. 3. (SR-NYSE-2017-12).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(57).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-13488 Filed 6-27-17; 8:45 am]
 BILLING CODE 8011-01-P