
[Federal Register Volume 77, Number 234 (Wednesday, December 5, 2012)]
[Notices]
[Page 72429]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-29315]



[[Page 72429]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-68320; File No. SR-NYSEArca-2012-108]


Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of 
Designation of Longer Period for Commission Action on Proposed Rule 
Change, as Modified by Amendment No. 1 Thereto, Relating to the Listing 
and Trading of Shares of the NYSE Arca U.S. Equity Synthetic Reverse 
Convertible Index Fund Under NYSE Arca Equities Rule 5.2(j)(3)

November 29, 2012.
    On September 27, 2012, 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 to list and trade shares (``Shares'') of the NYSE 
Arca U.S. Equity Synthetic Reverse Convertible Index Fund (``Fund'') 
under NYSE Arca Equities Rule 5.2(j)(3). On October 2, 2012, the 
Exchange submitted Amendment No. 1 to the proposed rule change. The 
proposed rule change, as modified by Amendment No. 1, was published in 
the Federal Register on October 18, 2012.\3\ The Commission received no 
comment letters on the proposal.
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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. 68043 (October 12, 
2012), 77 FR 64153 (``Notice'').
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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 for this filing is December 2, 2012. 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 that it is 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. The 
proposed rule change would allow the Exchange to list and trade Shares 
of the Fund under NYSE Arca Equities Rule 5.2(j)(3), which governs the 
listing and trading of Investment Company Units.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates January 16, 2013, as the date by which the 
Commission should either approve or disapprove or institute proceedings 
to determine whether to disapprove the proposed rule change (File 
Number SR-NYSEArca-2012-108).
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    \5\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(31).
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Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-29315 Filed 12-4-12; 8:45 am]
BILLING CODE 8011-01-P


