Self-Regulatory Organizations; The NASDAQ Stock Market LLC; 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 Nos. 1 and 2 Thereto, To List and Trade Shares of the First Trust Municipal High Income ETF of First Trust Exchange-Traded Fund III
Federal Register, Volume 81 Issue 144 (Wednesday, July 27, 2016)
Federal Register Volume 81, Number 144 (Wednesday, July 27, 2016)
Notices
Page 49286
From the Federal Register Online via the Government Publishing Office www.gpo.gov
FR Doc No: 2016-17670
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POSTAL SERVICE
Product Change--First-Class Package Service Negotiated Service Agreement
AGENCY: Postal ServiceTM.
ACTION: Notice.
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SUMMARY: The Postal Service gives notice of filing a request with the Postal Regulatory Commission to add a domestic shipping services contract to the list of Negotiated Service Agreements in the Mail Classification Schedule's Competitive Products List.
DATES: Effective date: July 27, 2016.
FOR FURTHER INFORMATION CONTACT: Elizabeth A. Reed, 202-268-3179.
SUPPLEMENTARY INFORMATION: The United States Postal Servicesupreg hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on July 21, 2016, it filed with the Postal Regulatory Commission a Request of the United States Postal Service to Add First-Class Package Service Contract 58 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2016-170, CP2016-248.
Stanley F. Mires,
Attorney, Federal Compliance.
FR Doc. 2016-17705 Filed 7-26-16; 8:45 am
BILLING CODE 7710-12-P
Page 49286
SECURITIES AND EXCHANGE COMMISSION
Release No. 34-78384; File No. SR-Nasdaq-2016-002
Self-Regulatory Organizations; The NASDAQ Stock Market LLC; 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 Nos. 1 and 2 Thereto, To List and Trade Shares of the First Trust Municipal High Income ETF of First Trust Exchange-Traded Fund III
July 21, 2016.
On January 6, 2016, The NASDAQ Stock Market LLC (``Nasdaq'' or the ``Exchange'') filed with the Securities and Exchange Commission (``Commission''), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'' or ``Exchange Act'') \1\ and Rule 19b-4 thereunder,\2\ a proposed rule change to list and trade shares (``Shares'') of the First Trust Municipal High Income ETF (``Fund'') under Nasdaq Rule 5735. The proposed rule change was published for comment in the Federal Register on January 27, 2016.\3\ On February 16, 2016, the Exchange filed Amendment No. 1.\4\ On March 8, 2016, pursuant to Section 19(b)(2) of the Act,\5\ 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 disapprove the proposed rule change.\6\ On April 26, 2016, the Commission instituted proceedings under Section 19(b)(2)(B) of the Act \7\ to determine whether to approve or disapprove the proposed rule change, as modified by Amendment No. 1 thereto.\8\ In the Order Instituting Proceedings, the Commission solicited comments to specified matters related to the proposal.\9\ On June 24, 2016, the Exchange filed Amendment No. 2, which replaced the originally filed proposed rule change in its entirety.\10\ The Commission has not received any 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. 76944 (Jan. 21, 2016), 81 FR 4712 (``Notice'').
\4\ Amendment No. 1 is available on the Commission's Web site at: http://www.sec.gov/comments/sr-nasdaq-2016-002/nasdaq2016002-1.pdf.
\5\ 15 U.S.C. 78s(b)(2).
\6\ See Securities Exchange Act Release No. 34-77320, 81 FR 13429 (Mar. 14, 2016). The Commission designated April 26, 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.
\7\ 15 U.S.C. 78s(b)(2)(B).
\8\ See Securities Exchange Act Release No. 77871, 81 FR 26265 (May 2, 2016) (``Order Instituting Proceedings''). Specifically, the Commission instituted proceedings to allow for additional analysis of the proposed rule change's consistency with Section 6(b)(5) of the Act, which requires, among other things, that the rules of a national securities exchange be ``designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade,'' and ``to protect investors and the public interest.'' See id., 81 FR at 26268.
\9\ See id.
\10\ Amendment No. 2 is available on the Commission's Web site at: https://www.sec.gov/comments/sr-nasdaq-2016-002/nasdaq2016002-2.pdf.
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Section 19(b)(2) of the Act \11\ 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 the filing of the proposed rule change. The Commission may, however, extend the period for issuing an order approving or disapproving the proposed rule change 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 January 27, 2016.\12\ The 180th day after publication of the notice of the filing of the proposed rule change in the Federal Register is July 25, 2016.
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\11\ 15 U.S.C. 78s(b)(2).
\12\ See supra note 3.
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The Commission finds that it is 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, as modified by Amendment Nos. 1 and 2 thereto.
Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,\13\ designates September 23, 2016, as the date by which the Commission shall either approve or disapprove the proposed rule change, as modified by Amendment Nos. 1 and 2 thereto (File No. SR-Nasdaq-2016-
002).
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\13\ 15 U.S.C. 78s(b)(2).
\14\ 17 CFR 200.30-3(a)(57).
For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\14\
Robert W. Errett,
Deputy Secretary.
FR Doc. 2016-17670 Filed 7-26-16; 8:45 am
BILLING CODE 8011-01-P
