[Federal Register Volume 85, Number 34 (Thursday, February 20, 2020)]
[Notices]
[Page 9887]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-03326]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-88197; File No. SR-NYSEArca-2019-92]


Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change To Adopt NYSE Arca Rule 8.601-E To Permit the Listing and 
Trading of Managed Portfolio Securities and To List and Trade Four 
Series of Managed Portfolio Securities Issued by T. Rowe Price 
Exchange-Traded Funds, Inc. Under Proposed NYSE Arca Rule 8.601-E

February 13, 2020.
    On December 23, 2019, NYSE Arca, Inc. (``NYSE Arca'' or 
``Exchange'') 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 (1) adopt proposed NYSE Arca Rule 8.601-E to 
permit the Exchange to list and trade Managed Portfolio Securities, 
which are shares of an actively managed exchange-traded fund for which 
the portfolio is disclosed quarterly; and (2) list and trade the 
following Managed Portfolio Securities under proposed NYSE Arca Rule 
8.601-E: T. Rowe Price Blue Chip Growth ETF, T. Rowe Price Dividend 
Growth ETF, T. Rowe Price Growth Stock ETF, and T. Rowe Price Equity 
Income ETF. The proposed rule change was published for comment in the 
Federal Register on January 3, 2020.\3\ The Commission has received no 
comment letters on the proposed rule change.
---------------------------------------------------------------------------

    \1\ 15 U.S.C.78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 87865 (December 30, 
2019), 85 FR 380.
---------------------------------------------------------------------------

    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 February 17, 2020. The Commission is extending this 45-day time 
period.
---------------------------------------------------------------------------

    \4\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------

    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 
April 2, 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-2019-92).
---------------------------------------------------------------------------

    \5\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
---------------------------------------------------------------------------

    \6\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------

Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2020-03326 Filed 2-19-20; 8:45 am]
 BILLING CODE 8011-01-P


