[Federal Register Volume 84, Number 127 (Tuesday, July 2, 2019)]
[Notices]
[Page 31647]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-14056]
[[Page 31647]]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-86199; File No. SR-NYSEArca-2018-83]
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. 3, Regarding Changes to Investments of the
iShares Bloomberg Roll Select Commodity Strategy ETF
June 26, 2019.
On December 19, 2018, NYSE Arca, Inc. (``Exchange'' or ``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 regarding changes to investments of the iShares
Bloomberg Roll Select Commodity Strategy ETF, shares of which are
currently listed and traded on the Exchange under NYSE Arca Rule 8.600-
E. The proposed rule change was published for comment in the Federal
Register on December 31, 2018.\3\ On February 13, 2019, 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 March 6, 2019,
the Exchange filed Amendment No. 1 to the proposed rule change, which
replaced and superseded the proposed rule change as originally filed.
On March 14, 2019, the Exchange filed Amendment No. 2 to the proposed
rule change, which replaced and superseded the proposed rule change, as
modified by Amendment No. 1. On March 21, 2019, the Commission
published for comment the proposed rule change, as modified by
Amendment No. 2, and instituted proceedings to determine whether to
approve or disapprove the proposed rule change.\6\ On March 29, 2019,
the Exchange filed Amendment No. 3 to the proposed rule change, which
replaced and superseded the proposed rule change, as modified by
Amendment No. 2.\7\ The Commission has received no comments 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. 84931 (December 21,
2018), 83 FR 67741.
\4\ 15 U.S.C. 78s(b)(2).
\5\ See Securities Exchange Act Release No. 85117, 84 FR 5124
(February 20, 2019). The Commission designated March 31, 2019, as
the date by which the Commission shall approve the proposed rule
change, disapprove the proposed rule change, or institute
proceedings to determine whether to approve or disapprove the
proposed rule change.
\6\ See Securities Exchange Act Release No. 85385, 84 FR 11582
(March 27, 2019).
\7\ Amendment No. 3 is available at: https://www.sec.gov/comments/sr-nysearca-2018-83/srnysearca201883-5296847-183766.pdf.
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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. The
proposed rule change was published for notice and comment in the
Federal Register on December 31, 2018. June 29, 2019 is 180 days from
that date, and August 28, 2019 is 240 days from that date.
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\8\ 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 this proposed
rule change. Accordingly, the Commission, pursuant to Section 19(b)(2)
of the Act,\9\ designates August 28, 2019 as the date by which the
Commission shall either approve or disapprove the proposed rule change
(File No. SR-NYSEArca-2018-83), as modified by Amendment No. 3.
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\9\ Id.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\10\
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\10\ 17 CFR 200.30-3(a)(57).
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Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019-14056 Filed 7-1-19; 8:45 am]
BILLING CODE 8011-01-P