[Federal Register Volume 81, Number 72 (Thursday, April 14, 2016)]
[Notices]
[Page 22136]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-08558]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-77571; File No. SR-NYSEArca-2016-28]


Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change, as Modified by Amendment No. 1, To List and Trade of Shares of 
RiverFront Dynamic US Dividend Advantage ETF and RiverFront Dynamic US 
Flex-Cap ETF Under NYSE Arca Equities Rule 8.600

April 8, 2016.
    On February 5, 2016, 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 (``Shares'') of the following under NYSE Arca Equities Rule 
8.600: RiverFront Dynamic US Dividend Advantage ETF and RiverFront 
Dynamic US Flex-Cap ETF. The Commission published notice of the 
proposed rule change in the Federal Register on February 25, 2016.\3\ 
On April 7, 2016, the Exchange submitted Amendment No. 1 to the 
proposed rule change.\4\ The Commission received no comment letters on 
the proposed rule change.
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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. 34-77183 (February 
19, 2016), 81 FR 9535 (February 25, 2016) (NYSEArca-2016-28).
    \4\ Amendment No. 1 replaced and superseded the original filing 
in its entirety.
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    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.
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    \5\ 15 U.S.C. 78s(b)(2).
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    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,\6\ designates May 25, 2016, 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-2016-28), as modified by Amendment No. 1.
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    \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\
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-08558 Filed 4-13-16; 8:45 am]
 BILLING CODE 8011-01-P