Document ID: SEC-2014-0616-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: NYSE Arca, Inc.
Posted Date: 2014-04-11T04:00Z

[Federal Register Volume 79, Number 70 (Friday, April 11, 2014)]
[Notices]
[Page 20285]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-08130]

-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-71895; File No. SR-NYSEArca-2014-10]

Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change To Adopt NYSE Arca Equities Rule 8.900, Which Permits the 
Listing and Trading of Managed Portfolio Shares, and To List and Trade 
Shares of the ActiveShares SM Large-Cap Fund, ActiveShares 
SM Mid-Cap Fund, and ActiveShares SM Multi-Cap 
Fund Pursuant to That Rule

April 7, 2014.
    On February 7, 2014, 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 adopt new NYSE 
Arca Equities Rule 8.900, which would govern the listing and trading of 
Managed Portfolio Shares, and to list and trade shares of the 
ActiveSharesSM Large-Cap Fund, ActiveSharesSM 
Mid-Cap Fund, and ActiveSharesSM Multi-Cap Fund 
(collectively, ``Funds'') under proposed NYSE Arca Equities Rule 8.900. 
The proposed rule change was published for comment in the Federal 
Register on February 26, 2014.\3\ The Commission has received one 
comment letter on the proposed rule change.\4\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 71588 (Feb. 20, 
2014), 79 FR 10848.
    \4\ See Letter from Gary L. Gastineau, President, ETF 
Consultants.com, Inc., to Elizabeth M. Murphy, Secretary, 
Commission, dated March 18, 2014.
---------------------------------------------------------------------------

    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 
Commission is extending this 45-day time period.
---------------------------------------------------------------------------

    \5\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------

    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 and the 
comment received. The proposed rule change would permit the Exchange to 
adopt new NYSE Arca Equities Rule 8.900, which would set forth the 
initial and continued listing standards applicable to Managed Portfolio 
Shares. In addition, the proposed rule change would permit the listing 
and trading of shares of the Funds pursuant to proposed NYSE Arca 
Equities Rule 8.900.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\6\ designates May 27, 2014, 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-2014-10).
---------------------------------------------------------------------------

    \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\
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-08130 Filed 4-10-14; 8:45 am]
BILLING CODE 8011-01-P