Document ID: SEC-2014-0254-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: NYSE Arca, Inc.
Posted Date: 2014-02-11T05:00Z

[Federal Register Volume 79, Number 28 (Tuesday, February 11, 2014)]
[Notices]
[Pages 8225-8226]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-02872]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-71479; File No. SR-NYSEArca-2013-141]

Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change To Adopt New NYSE Arca Equities Rule 7.25 To Create a Crowd 
Participant Program on a Pilot Basis to Incent Competitive Quoting and 
Trading Volume in Exchange-Traded Products by Market Makers Qualified 
With the Exchange as CPs

February 5, 2014.
    On December 6, 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 adopt the Crowd Participant Program, a one-year 
pilot program, to incent competitive quoting and trading volume in 
exchange-traded products (``ETPs'') by Market Makers qualified with the 
Exchange as Crowd Participants. The proposed rule change was published 
for comment in the Federal Register on December 26, 2013.\3\ The 
Commission received no comment letters on the proposal.
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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. 71146 (Dec. 19, 
2013), 78 FR 78426.
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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

[[Page 8226]]

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, among other things, create a one-year pilot program, the 
Crowd Participant Program, for issuers of certain ETPs listed on the 
Exchange.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates March 26, 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-2013-141).
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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. 2014-02872 Filed 2-10-14; 8:45 am]
BILLING CODE 8011-01-P