84 FR 72 pg. 15239 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend NYSE Arca Rule 5.2-E(j)(3) To Adopt Generic Listing Standards for Investment Company Units Based on an Index of Municipal Bond Securities

Type: NOTICEVolume: 84Number: 72Page: 15239
Docket number: [Release No. 34-85573; File No. SR-NYSEArca-2019-04]
FR document: [FR Doc. 2019-07365 Filed 4-12-19; 8:45 am]
Agency: Securities and Exchange Commission
Official PDF Version:  PDF Version
Page: 15239

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-85573; File No. SR-NYSEArca-2019-04]

Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend NYSE Arca Rule 5.2-E(j)(3) To Adopt Generic Listing Standards for Investment Company Units Based on an Index of Municipal Bond Securities

April 9, 2019.

On February 8, 2019, 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 amend NYSE Arca Rule 5.2-E(j)(3) to adopt generic listing standards for Investment Company Units based on an index of municipal bond securities. The proposed rule change was published for comment in the Federal Register on February 27, 2019.3 The Commission has received no comment letters on the proposed rule change.

Footnotes:

1 ?15 U.S.C. 78s(b)(1).

2 ?17 CFR 240.19b-4.

3 ? See Securities Exchange Act Release No. 85170 (Feb. 21, 2019), 84 FR 6451.

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 45th day after publication of the notice for this proposed rule change is April 13, 2019. The Commission is extending this 45-day time period.

Footnotes:

4 ?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. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,5 designates May 28, 2019, 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-2019-04).

Footnotes:

5 ? Id.

6 ?17 CFR 200.30-3(a)(31).

For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.6

Jill M. Peterson,

Assistant Secretary.

[FR Doc. 2019-07365 Filed 4-12-19; 8:45 am]

BILLING CODE 8011-01-P