Notice2021-25226
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Shares of ConvexityShares 1x SPIKES Futures ETF Under NYSE Arca Rule 8.200-E (Trust Issued Receipts)
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
November 19, 2021
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 86 Issue 221 (Friday, November 19, 2021)</title>
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[Federal Register Volume 86, Number 221 (Friday, November 19, 2021)]
[Notices]
[Pages 64975-64976]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-25226]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-93574; File No. SR-NYSEArca-2021-29]
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of
Designation of a Longer Period for Commission Action on Proceedings To
Determine Whether To Approve or Disapprove a Proposed Rule Change, as
Modified by Amendment No. 1, To List and Trade Shares of
ConvexityShares 1x SPIKES Futures ETF Under NYSE Arca Rule 8.200-E
(Trust Issued Receipts)
November 15, 2021.
On May 13, 2021, 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 list and trade
shares of the ConvexityShares 1x SPIKES Futures ETF, a series of the
ConvexityShares Trust, under NYSE Arca Rule 8.200-E, Commentary .02
(``Trust Issued Receipts''). The proposed rule change was published for
comment in the Federal Register on May 26, 2021.\3\ On July 2, 2021,
pursuant to Section 19(b)(2) of the Act,\4\ the Commission designated a
longer period within which to approve the proposed rule change,
disapprove the proposed rule change, or institute proceedings to
determine whether to approve or disapprove the proposed rule change.\5\
On July 26, 2021, the Exchange filed Amendment No. 1 to the proposed
rule change, which replaced and superseded the proposed rule change as
originally filed.\6\ On August 12, 2021, the Commission noticed filing
of Amendment No. 1 and instituted proceedings pursuant to Section
19(b)(2)(B) of the Act \7\ to determine whether to approve or
disapprove the proposed rule change.\8\
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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. 91952 (May 20,
2021), 86 FR 28410.
\4\ 15 U.S.C. 78s(b)(2).
\5\ See Securities Exchange Act Release No. 92321, 86 FR 36173
(July 8, 2021).
\6\ Amendment No. 1 is available at: <a href="https://www.sec.gov/comments/sr-nysearca-2021-29/srnysearca202129.htm">https://www.sec.gov/comments/sr-nysearca-2021-29/srnysearca202129.htm</a>.
\7\ 15 U.S.C. 78s(b)(2)(B).
\8\ See Securities Exchange Act Release No. 92650, 86 FR 46287
(August 18, 2021). The comment letter received is available on the
Commission's website at: <a href="https://www.sec.gov/comments/sr-nysearca-2021-29/srnysearca202129.htm">https://www.sec.gov/comments/sr-nysearca-2021-29/srnysearca202129.htm</a>.
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Section 19(b)(2) of the Act \9\ provides that, after initiating
disapproval proceedings, the Commission shall issue an order approving
or disapproving the proposed rule change not later than 180 days after
the date of publication of notice of filing of the proposed rule
change. The Commission may extend the period for issuing an order
approving or disapproving the proposed rule change, however, by not
more than 60 days if the Commission determines that a longer period is
appropriate and publishes the reasons for such determination. The
proposed rule change was published for notice and comment in the
Federal Register on May 26, 2021. November 22, 2021 is 180 days from
that date, and January 21, 2022 is 240 days from that date.
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\9\ 15 U.S.C. 78s(b)(2).
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The Commission finds it appropriate to designate a longer period
within which to issue an order approving or disapproving the proposed
rule change so that it has sufficient time to consider the proposed
rule change and comment
[[Page 64976]]
letter received. Accordingly, the Commission, pursuant to Section
19(b)(2) of the Act,\10\ designates January 21, 2022 as the date by
which the Commission shall either approve or disapprove the proposed
rule change, as modified by Amendment No. 1 (File No. SR-NYSEArca-2021-
29).
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\10\ Id.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\11\
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\11\ 17 CFR 200.30-3(a)(57).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-25226 Filed 11-18-21; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on November 19, 2021.
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