[Federal Register Volume 84, Number 21 (Thursday, January 31, 2019)]
[Notices]
[Page 868]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-00498]
[[Page 868]]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-84990); File No. SR-NYSEArca-2018-43]
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of
Designation of Longer Period for Commission Action on Proceedings To
Determine Whether To Approve or Disapprove a Proposed Rule Change
Regarding Investments of the First Trust TCW Unconstrained Plus Bond
ETF
January 25, 2019.
On July 11, 2018, 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 seeking to modify
investments of the First Trust TCW Unconstrained Plus Bond ETF, the
shares of which are currently listed and traded on the Exchange
pursuant to NYSE Arca Rule 8.600-E. The proposed rule change was
published for comment in the Federal Register on August 1, 2018.\3\
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ Securities Exchange Act Release No. 83720 (July 26, 2018),
83 FR 37560.
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On September 14, 2018, pursuant to Section 19(b)(2) of the Act,\4\
the Commission extended the time 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 October 30, 2018, the Commission issued an order
instituting proceedings pursuant to Section 19(b)(2)(B) of the Act \6\
to determine whether to approve or disapprove the proposed rule
change.\7\ The Commission has received no comment letters regarding the
proposed rule change.
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\4\ 15 U.S.C. 78s(b)(2).
\5\ See Securities Exchange Act Release No. 84123, 83 FR 47654
(September 20, 2018). The Commission designated October 30, 2018, as
the date by which the Commission shall approve, disapprove, or
institute proceedings to determine whether to approve or disapprove
the proposed rule change.
\6\ 15 U.S.C. 78s(b)(2)(B).
\7\ Securities Exchange Act Release No. 84504 (October 30,
2018), 83 FR 55439 (November 5, 2018).
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Section 19(b)(2) of the Act \8\ 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. In this
case, the proposed rule change was published for notice and comment in
the Federal Register on August 1, 2018.\9\ January 28, 2019, is 180
days from that date, and March 29, 2019, is 240 days from that date.
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\8\ 15 U.S.C. 78s(b)(2).
\9\ See supra note 3.
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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. Accordingly, the Commission, pursuant to Section 19(b)(2)
of the Act,\10\ designates March 29, 2019, as the date by which the
Commission shall either approve or disapprove the proposed rule change
(File No. SR-NYSEArca-2018-43).
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\10\ 15 U.S.C. 78s(b)(2).
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)(31).
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Brent J. Fields,
Secretary.
[FR Doc. 2019-00498 Filed 1-30-19; 8:45 am]
BILLING CODE 8011-01-P