Notice2024-16301
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 To Amend Exchange Rule 5.3-O To Permit the Listing and Trading of Options on Commodity-Based Trust Shares
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
July 25, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 143 (Thursday, July 25, 2024)</title>
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[Federal Register Volume 89, Number 143 (Thursday, July 25, 2024)]
[Notices]
[Page 60460]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-16301]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-100565; File No. SR-NYSEARCA-2024-06]
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 To
Amend Exchange Rule 5.3-O To Permit the Listing and Trading of Options
on Commodity-Based Trust Shares
July 19, 2024.
On January 16, 2024, NYSE Arca, Inc. (``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 5.3-O(g) to permit the listing and trading of options on
Commodity-Based Trust Shares.\3\ The proposed rule change was published
for comment in the Federal Register on January 25, 2024.\4\ The
Commission received comment letters regarding the proposed rule
change.\5\ On March 6, 2024, pursuant to Section 19(b)(2) of the
Act,\6\ 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.\7\ On April 24, 2024, the Commission
instituted proceedings pursuant to Section 19(b)(2)(B) of the Act \8\
to determine whether to approve or disapprove the proposed rule
change.\9\
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See NYSE Arca Rule 8.201-E(c)(1).
\4\ See Securities Exchange Act Release No. 99398 (Jan. 19,
2024), 89 FR 5029.
\5\ Comment letters on the proposed rule change are available at
<a href="https://www.sec.gov/comments/sr-nysearca-2024-06/srnysearca202406.htm">https://www.sec.gov/comments/sr-nysearca-2024-06/srnysearca202406.htm</a>.
\6\ 15 U.S.C. 78s(b)(2).
\7\ See Securities Exchange Act Release No. 99683, 89 FR 17888
(Mar. 12, 2024). The Commission designated April 24, 2024, as the
date by which the Commission shall approve or disapprove, or
institute proceedings to determine whether to approve or disapprove,
the proposed rule change.
\8\ 15 U.S.C. 78s(b)(2)(B).
\9\ See Securities Exchange Act Release No. 100023, 89 FR 34295
(Apr. 30, 2024).
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Section 19(b)(2) of the Act \10\ 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 January 25, 2024. July 23, 2024, is 180 days from
that date. The Commission is extending the time period for approving or
disapproving the proposed rule change for an additional 60 days. 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 the issues raised therein. Accordingly, the Commission,
pursuant to Section 19(b)(2) of the Act,\11\ designates September 21,
2024, as the date by which the Commission shall either approve or
disapprove the proposed rule change (File No. SR-NYSEARCA-2024-06).
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\10\ 15 U.S.C. 78s(b)(2).
\11\ Id.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\12\
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\12\ 17 CFR 200.30-3(a)(57).
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J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2024-16301 Filed 7-24-24; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on July 25, 2024.
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