[Federal Register Volume 85, Number 214 (Wednesday, November 4, 2020)]
[Notices]
[Page 70216]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-24377]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-90286; File No. SR-NYSEArca-2020-80]


Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change, as Modified by Amendment No. 1, To List and Trade Shares of the 
Alger Mid Cap 40 ETF and Alger 25 ETF Under Rule 8.900-E, Managed 
Portfolio Shares

October 29, 2020.
    On September 1, 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 list and trade 
shares of the Alger Mid Cap 40 ETF and Alger 25 ETF under Rule 8.900-E 
(Managed Portfolio Shares). The proposed rule change was published for 
comment in the Federal Register on September 21, 2020.\3\ On October 7, 
2020, NYSE Arca filed Amendment No. 1 to the proposed rule change.\4\ 
The Commission has received no comments 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. 89869 (September 15, 
2020), 85 FR 59354.
    \4\ Amendment No. 1, which amended and replaced the proposed 
rule change in its entirety, is available on the Commission's 
website at: https://www.sec.gov/comments/sr-nysearca-2020-80/srnysearca202080.htm.
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    Section 19(b)(2) of the Act \5\ 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 November 5, 2020. The Commission is extending this 45-day time 
period.
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    \5\ 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,\6\ designates 
December 20, 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-2020-80).
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    \6\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
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    \7\ 17 CFR 200.30-3(a)(31).
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Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2020-24377 Filed 11-3-20; 8:45 am]
BILLING CODE 8011-01-P


