On August 28, 2015, 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”) and Rule 19b-4 thereunder, a proposed rule change to list and trade shares of the Global Currency Gold Fund under NYSE Arca Equities Rule 8.201. The proposed rule change was published for comment in the Federal Register on September 16, 2015. On September 29, 2015, the Exchange submitted Amendment No. 1 to the proposed rule change. On October 28, 2015, pursuant to Section 19(b)(2) of the Act, the Commission designated a longer period within which to either approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether to disapprove the proposed rule change. On December 11, 2015, the Commission instituted proceedings under Section 19(b)(2)(B) of the Act to determine whether to approve or disapprove the proposed rule change, as modified by Amendment No. 1. The Commission has not received any comments on the proposal, as modified by Amendment No. 1.
17 CFR 240.19b-4.
See Securities Exchange Act Release No. 75900 (Sep. 11, 2015), 80 FR 55674.
In Amendment No. 1, the Exchange: (1) Identified weightings of each currency referenced in the Index; (2) supplemented its description of the method of calculation for the Spot Rate; (3) clarified when the Fund may suspend the right of redemption or postpone the redemption settlement date. Amendment No. 1 is available at: http://www.sec.gov/rules/sro/nysearca/2015/34-75900-amendment1.pdf.
See Securities Exchange Act Release No. 76291, 80 FR 67827 (Nov. 3, 2015). The Commission determined that it was appropriate to designate a longer period within which to take action on the proposed rule change so that it had sufficient time to consider the proposed rule change. Accordingly, the Commission designated December 15, 2015 as the date by which it should approve, disapprove, or institute proceedings to determine whether to disapprove the proposed rule change.
See Securities Exchange Act Release No. 76630, 80 FR 78791 (Dec. 17, 2015).
On March 7, 2016, the Exchange withdrew the proposed rule change (SR-NYSEArca-2015-76).
For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.9
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-05851 Filed 3-15-16; 8:45 am]
BILLING CODE 8011-01-P