Document ID: SEC-2016-1823-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: New York Stock Exchange, LLC
Posted Date: 2016-10-12T04:00Z

[Federal Register Volume 81, Number 197 (Wednesday, October 12, 2016)]
[Notices]
[Page 70449]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-24576]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-79051; File No. SR-NYSE-2016-55]

Self-Regulatory Organizations; New York Stock Exchange LLC; 
Notice of Designation of a Longer Period for Commission Action on 
Proposed Rule Change Adopting Maximum Fees Member Organizations May 
Charge in Connection With the Distribution of Investment Company 
Shareholder Reports Pursuant to Any Electronic Delivery Rules Adopted 
by the Securities and Exchange Commission

October 5, 2016.
    On August 15, 2016, New York Stock Exchange (``NYSE'') 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 adopt maximum 
fees NYSE member organizations may charge in connection with the 
distribution of investment company shareholder reports pursuant to any 
notice and access delivery rules adopted by the Commission. The 
proposed rule change was published for comment in the Federal Register 
on August 22, 2016.\3\ The Commission received fourteen comment letters 
on the proposal.\4\
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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. 78589 (August 16, 
2016), 81 FR 56717.
    \4\ See letters to Brent J. Fields, Secretary, Commission from: 
James R. Rooney, Chief Financial Officer and Treasurer, Aril 
Investment Trust, dated September 8, 2016; Mortimer J. Buckley, 
Chief Investment Officer, Vanguard, dated September 12, 2016; 
Barbara Novick, Vice Chairman, and Benjamin Archibald, Managing 
Director, BlackRock, Inc., dated September 12, 2016; Charles V. 
Callan, SVP Regulatory Affairs, Broadridge Financial Solutions, 
Inc., dated September 12, 2016; John Zerr, Managing Director and 
General Counsel, Invesco Advisers, Inc., dated September 12, 2016; 
Amy B.R. Lancellotta, Managing Director, Independent Directors 
Council, dated September 12, 2016; David G. Booth, President and Co-
Chief Executive Officer, Dimensional Fund Advisers LP, dated 
September 12, 2016; David W. Blass, General Counsel, Investment 
Company Institute, dated September 12, 2016; Darrell N. Braman, Vice 
President & Managing Counsel, T. Rowe Price Associates, Inc., dated 
September 12, 2016; Mark N. Polebaum, Executive Vice President and 
General Counsel, MFS Investment Management, dated September 12, 
2016; Thomas E. Faust Jr., Chairman and Chief Executive Officer, 
Eaton Vance Corp., dated September 12, 2016; Ellen Greene, Managing 
Director, Securities Industry and Financial Markets Association, 
dated September 15, 2016; Christopher O. Petersen, President, 
Columbia Mutual Funds, Columbia Threadneedle Investments, dated 
September 15, 2016 (``Columbia Letter''); and Rodney D. Johnson, 
Chairman, The Independent Directors of the Blackrock Equity-
Liquidity Funds, dated September 27, 2016 (``Blackrock Directors 
Letter'').
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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 for this filing is October 6, 2016.
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    \5\ 15 U.S.C. 78s(b)(2).
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    The Commission is extending the 45-day time period for Commission 
action on the proposed rule change. 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 
Exchange's proposal, as described above. Accordingly, pursuant to 
Section 19(b)(2) of the Act,\6\ and for the reason noted above, the 
Commission designates November 20, 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-NYSE-2016-55).
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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\
Brent J. Fields,
Secretary.
[FR Doc. 2016-24576 Filed 10-11-16; 8:45 am]
 BILLING CODE 8011-01-P