Document ID: SEC-2016-0517-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: NYSE Arca, Inc.
Posted Date: 2016-03-24T04:00Z

[Federal Register Volume 81, Number 57 (Thursday, March 24, 2016)]
[Notices]
[Page 15774]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-06606]

[[Page 15774]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-77405; File No. SR-NYSEArca-2016-08)

Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change To Adopt NYSE Arca Equities Rule 8.900 To Permit Listing and 
Trading of Managed Portfolio Shares and To Permit Listing and Trading 
of Shares of Fifteen Issues of the Precidian ETFs Trust

March 18, 2016.
    On January 27, 2016, NYSE Arca, Inc. (``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: (1) Adopt NYSE 
Arca Equities Rule 8.900 to permit the listing and trading of Managed 
Portfolio Shares; (2) amend NYSE Arca Equities Rule 7.34 to reference 
securities described in proposed NYSE Arca Equities Rule 8.900 in Rule 
7.34(a)(3)(A) relating to securities traded in the Core Trading 
Session; and (3) list and trade shares of 15 funds of the Precidian 
ETFs Trust (``Trust'') pursuant to proposed NYSE Arca Equities Rule 
8.900.\3\ The proposed rule change was published for comment in the 
Federal Register on February 18, 2016.\4\ On March 9, 2016, the 
Exchange filed Amendment No. 1 to the proposed rule change.\5\ The 
Commission has received one comment letter on the proposal.\6\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ The Exchange proposes to list and trade shares of the 
following funds: (1) Precidian U.S. Managed Volatility Fund; (2) 
Precidian Strategic Value; (3) Precidian Large Cap Value; (4) 
Precidian Focused Dividend Strategy; (5) Precidian U.S. Large Cap 
Growth; (6) Precidian U.S. Core Equity; (7) Precidian U.S. Mid Cap 
Growth; (8) Precidian Total Return; (9) Precidian High Dividend 
Yield; (10) Precidian Small Cap Dividend Value; (11) Precidian 
Multi-factor Small Cap Core; (12) Precidian Multi-factor Small Cap 
Growth; (13) Precidian Large Cap Core Plus 130/30; (14) Precidian 
Mid Cap Core Plus 130/30; and (15) Precidian Small Cap Core Plus 
130/30.
    \4\ See Securities Exchange Act Release No. 77117 (Feb. 11, 
2016), 81 FR 8269.
    \5\ In Amendment No. 1 to the proposed rule change, the Exchange 
corrected the citations to the Trust's Form N-1A and Exemptive 
Application, which were misstated in the proposal. Because Amendment 
No. 1 is technical in nature and does not materially alter the 
substance of the proposed rule change or raise any novel regulatory 
issues, it is not subject to notice and comment. Amendment No. 1 to 
the proposed rule change is available on the Commission's Web site 
at: http://www.sec.gov/comments/sr-nysearca-2016-08/nysearca201608-1.pdf.
    \6\ See Letter from Gary L. Gastineau, President, ETF 
Consultants.com, inc., to Brent J. Fields, Secretary, Commission, 
dated March 10, 2016. This comment letter is available on the 
Commission's Web site at: http://www.sec.gov/comments/sr-nysearca-2016-08/nysearca201608-2.pdf.
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    Section 19(b)(2) of the Act \7\ 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 April 3, 2016. The Commission is extending this 45-day time period.
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    \7\ 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 this proposed rule change. Accordingly, the 
Commission, pursuant to Section 19(b)(2) of the Act,\8\ designates May 
18, 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-2016-08).
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    \8\ Id.

     
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    \9\ 17 CFR 200.30-3(a)(31).
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    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\9\
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-06606 Filed 3-23-16; 8:45 am]
 BILLING CODE 8011-01-P