2018-09923. 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 Continue Listing and Trading Shares of the PGIM Ultra Short Bond ...  

  • Start Preamble May 4, 2018.

    On March 6, 2018, 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”) [1] and Rule 19b-4 thereunder,[2] a proposed rule change to continued listing and trading shares of the PGIM Ultra Short Bond ETF, a series of PGIM ETF Trust, under NYSE Arca Rule 8.600-E. The proposed rule change was published for comment in the Federal Register on March 23, 2018.[3] On April 25, 2018, the Exchange filed Amendment No. 1 to the proposed rule change.[4] The Commission has received no comments on the proposal.

    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 May 7, 2018. The Commission is extending this 45-day time period.

    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, as modified by Amendment No. 1. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,[6] designates June 21, 2018, 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-2018-15), as modified by Amendment No. 1.

    Start Signature

    For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.[7]

    Eduardo A. Aleman,

    Assistant Secretary.

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    3.  See Securities Exchange Act Release No. 82899 (Mar. 19, 2018), 83 FR 12824 (Mar. 23, 2018).

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    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-2018-15/​nysearca201815-3510337-162292.pdf.

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    [FR Doc. 2018-09923 Filed 5-9-18; 8:45 am]

    BILLING CODE 8011-01-P

Document Information

Securities and Exchange Commission
Document Number:
21794-21794 (1 pages)
Docket Numbers:
Release No. 34-83174, File No. SR-NYSEArca-2018-15
E.O. Citation:
of 5/4/2018
PDF File: