Document ID: SEC-2014-0356-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: NYSE Arca, Inc.
Posted Date: 2014-03-04T05:00Z

[Federal Register Volume 79, Number 42 (Tuesday, March 4, 2014)]
[Notices]
[Page 12254]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-04684]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-71618; File No. SR-NYSEArca-2013-144]

Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change To List and Trade Shares of the ETSpreads HY Long Credit Fund, 
the ETSpreads HY Short Credit Fund, the ETSpreads IG Long Credit Fund 
and the ETSpreads IG Short Credit Fund Under NYSE Arca Equities Rule 
8.600

February 26, 2014.
    On December 27, 2013, 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 of the ETSpreads HY Long 
Credit Fund, the ETSpreads HY Short Credit Fund, the ETSpreads IG Long 
Credit Fund and the ETSpreads IG Short Credit Fund (collectively, 
``Funds'') under NYSE Arca Equities Rule 8.600. The proposed rule 
change was published for comment in the Federal Register on January 15, 
2014.\3\ The Commission received no comment letters on the proposed 
rule change.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Securities Exchange Act Release No. 71266 (January 9, 2014), 
79 FR 2705 (``Notice'').
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    Section 19(b)(2) of the Act \4\ 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 
Commission is extending this 45-day time period.
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    \4\ 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. The 
proposed rule change would permit the listing and trading of shares of 
the Funds, which will invest substantially all of their assets in 
cleared credit default index swaps, cleared single name credit default 
swaps, futures contracts based on credit default swaps or other similar 
futures contracts, and obligations of, or those guaranteed by, the 
United States government with a maturity of less than six years, money 
market instruments, and cash.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates April 15, 2014, as the date by which the Commission 
should either approve or disapprove or institute proceedings to 
determine whether to disapprove the proposed rule change (File Number 
SR-NYSEArca-2013-144).
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    \5\ 15 U.S.C. 78s(b)(2).

    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)(31).
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Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-04684 Filed 3-3-14; 8:45 am]
BILLING CODE 8011-01-P