[Federal Register Volume 81, Number 130 (Thursday, July 7, 2016)]
[Notices]
[Page 44393]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-16031]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-78204; File No. SR-NYSEArca-2016-67]


Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change To List and Trade Shares of the Natixis Seeyond International 
Minimum Volatility ETF Under NYSE Arca Equities Rule 8.600

June 30, 2016.
    On May 5, 2016, NYSE Arca, Inc. 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 
Natixis Seeyond International Minimum Volatility ETF (``Fund'') under 
NYSE Arca Equities Rule 8.600. The proposed rule change was published 
for comment in the Federal Register on May 25, 2016.\3\ On June 13, 
2016, the Exchange filed Amendment No. 1 to the proposed rule change, 
which replaced and superseded its entirety the proposed rule change as 
originally filed.\4\ On June 22, 2016, the Exchange filed Amendment No. 
2 to the proposed rule change.\5\ The Commission received no comments 
on the proposed rule change.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 77861 (May 19, 
2016), 81 FR 33291.
    \4\ In Amendment No. 1, the Exchange: (1) Narrows the universe 
of investments that may be held by the Fund; (2) offers color 
regarding types of corporate bonds of foreign issuers that the Fund 
would ordinarily hold; (3) clarifies potentially ambiguous language 
in the filing.
    \5\ In Amendment No. 2, the Exchange proposes standards for the 
corporate bonds of foreign issuers that may be held by the Fund, and 
clarifies how spot foreign currency transactions would be priced for 
purposes of calculating the net asset value of the Fund. Both 
amendments are available at: http://www.sec.gov/comments/sr-nysearca-2016-67/nysearca201667.shtml.
---------------------------------------------------------------------------

    Section 19(b)(2) of the Act \6\ 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. 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.
---------------------------------------------------------------------------

    \6\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------

    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\7\ designates August 23, 2016, 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 Number 
SR-NYSEArca-2016-67).
---------------------------------------------------------------------------

    \7\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\8\
---------------------------------------------------------------------------

    \8\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------

Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-16031 Filed 7-6-16; 8:45 am]
 BILLING CODE 8011-01-P