[Federal Register Volume 85, Number 174 (Tuesday, September 8, 2020)]
[Notices]
[Page 55535]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-19715]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-89724; File No. SR-NYSEArca-2020-59]


Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change To Amend NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares) 
and To Permit the Listing and Trading of Shares of the United States 
Gold and Treasury Investment Trust Under NYSE Arca Rule 8.201-E

September 1, 2020.
    On June 30, 2020, 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 8.201-E (Commodity-Based Trust Shares) to permit a trust to hold a 
specified commodity deposited with the trust, and, in addition to such 
specified commodity, U.S. Department of Treasury securities and/or 
cash, and to list and trade shares of the United States Gold and 
Treasury Investment Trust under NYSE Arca Rule 8.201-E, as proposed to 
be amended. The proposed rule change was published for comment in the 
Federal Register on July 20, 2020.\3\ On August 17, 2020, NYSE Arca 
filed Amendment No. 1 to the proposed rule change, and on August 18, 
2020, NYSE Arca withdrew Amendment No. 1 to the proposed rule change. 
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. 89310 (July 14, 
2020), 85 FR 43932.
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    Section 19(b)(2) of the Act \4\ 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 
45th day after publication of the notice for this proposed rule change 
is September 3, 2020. The Commission is extending this 45-day time 
period.
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    \4\ 15 U.S.C. 78s(b)(2).
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    The Commission finds it 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,\5\ designates 
October 18, 2020 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 No. SR-NYSEArca-2020-59).
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    \5\ Id.
    \6\ 17 CFR 200.30-3(a)(31).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-19715 Filed 9-4-20; 8:45 am]
BILLING CODE 8011-01-P