Document ID: SEC-2017-1996-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: NYSE Arca, Inc.
Posted Date: 2017-12-05T05:00Z

[Federal Register Volume 82, Number 232 (Tuesday, December 5, 2017)]
[Notices]
[Page 57497]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-26130]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-82176; File No. SR-NYSEArca-2017-87]

Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change, as Modified by Amendment No. 2, To List and Trade Shares of the 
JPMorgan Long/Short ETF Under NYSE Arca Rule 8.600-E

November 29, 2017.
    On September 26, 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 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ a 
proposed rule change to list and trade shares (``Shares'') of the 
JPMorgan Long/Short ETF (``Fund'') under NYSE Arca Rule 8.600-E. The 
proposed rule change was published for comment in the Federal Register 
on October 16, 2017.\3\ On November 17, 2017, the Exchange filed 
Amendment No. 1 to the proposed rule change, which amended and 
superseded the proposed rule change as originally filed. On November 
27, 2017, the Exchange filed Amendment No. 2 to the proposed rule 
change, which amended and superseded the proposed rule change as 
modified by Amendment No. 1.\4\ The Commission has received no comments 
on the proposed rule change.
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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. 81842 (October 10, 
2017), 82 FR 48127.
    \4\ In Amendment No. 2, the Exchange: (1) Changed the name of 
the Fund; (2) moved cash and cash equivalents from the ``other 
investments'' category to the ``principal investments'' category; 
(3) specified that no more than 10% of the equity weight of the 
Fund's portfolio will be invested in non-exchange-traded American 
Depositary Receipts; (4) provided additional information regarding 
the Fund's holding of over-the-counter contingent value rights; (5) 
provided additional information regarding the availability of 
information for the Shares; and (6) made other clarifications, 
corrections, and technical changes. Amendment No. 2 is available at 
https://www.sec.gov/comments/sr-nysearca-2017-87/nysearca201787-2724825-161541.pdf.
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    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 November 30, 2017. The Commission is extending this 45-day time 
period.
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    \5\ 15 U.S.C. 78s(b)(2).
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    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, as 
modified by Amendment No. 2. Accordingly, the Commission, pursuant to 
Section 19(b)(2) of the Act,\6\ designates January 14, 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-NYSEArca-2017-87), as modified by Amendment 
No. 2.
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    \6\ Id.
    \7\ 17 CFR 200.30-3(a)(31).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-26130 Filed 12-4-17; 8:45 am]
 BILLING CODE 8011-01-P