[Federal Register Volume 79, Number 238 (Thursday, December 11, 2014)]
[Notices]
[Pages 73612-73616]
[FR Doc No: 2014-29014]

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DEPARTMENT OF HOMELAND SECURITY

Federal Emergency Management Agency

[Docket ID FEMA-2014-0002; Internal Agency Docket No. FEMA-B-1448]

Changes in Flood Hazard Determinations

AGENCY: Federal Emergency Management Agency, DHS.

ACTION: Notice.

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SUMMARY: This notice lists communities where the addition or
modification of Base Flood Elevations (BFEs), base flood depths,
Special Flood Hazard Area (SFHA) boundaries or zone designations, or
the regulatory floodway (hereinafter referred to as flood hazard
determinations), as shown on the Flood Insurance Rate Maps (FIRMs), and
where applicable, in the supporting Flood Insurance Study (FIS)
reports, prepared by the Federal Emergency Management Agency (FEMA) for
each community, is appropriate because of new scientific or technical
data. The FIRM, and where applicable, portions of the FIS report, have
been revised to reflect these flood hazard determinations through
issuance of a Letter of Map Revision (LOMR), in accordance with Title
44, part 65 of the Code of Federal Regulations (44 CFR part 65). The
LOMR will be used by insurance agents and others to calculate
appropriate flood insurance premium rates for new buildings and the
contents of those buildings. For rating purposes, the currently
effective community number is shown in the table below and must be used
for all new policies and renewals.

DATES: These flood hazard determinations will become effective on the
dates listed in the table below and revise the FIRM panels and FIS
report in effect prior to this determination for the listed
communities.
    From the date of the second publication of notification of these
changes in a newspaper of local circulation, any person has 90 days in
which to request through the community that the Deputy Associate
Administrator for Mitigation reconsider the changes. The flood hazard
determination information may be changed during the 90-day period.

ADDRESSES: The affected communities are listed in the table below.
Revised flood hazard information for each community is available for
inspection at both the online location and the respective community map
repository address listed in the table below. Additionally, the current
effective FIRM and FIS report for each community are accessible online
through the FEMA Map Service Center at www.msc.fema.gov for comparison.
    Submit comments and/or appeals to the Chief Executive Officer of
the community as listed in the table below.

FOR FURTHER INFORMATION CONTACT: Luis Rodriguez, Chief, Engineering
Management Branch, Federal Insurance and Mitigation Administration,
FEMA, 500 C Street SW., Washington, DC 20472,<PHONE_NUMBER>, or
(email<EMAIL_ADDRESS>or visit the FEMA Map Information
eXchange (FMIX) online at www.floodmaps.fema.gov/fhm/fmx_main.html.

SUPPLEMENTARY INFORMATION: The specific flood hazard determinations are
not described for each community in this notice. However, the online
location and local community map repository address where the flood
hazard determination information is available for inspection is
provided.
    Any request for reconsideration of flood hazard determinations must
be submitted to the Chief Executive Officer of the community as listed
in the table below.
    The modifications are made pursuant to section 201 of the Flood
Disaster Protection Act of 1973, 42 U.S.C. 4105, and are in accordance
with the National Flood Insurance Act of 1968, 42 U.S.C. 4001 et seq.,
and with 44 CFR part 65.
    The FIRM and FIS report are the basis of the floodplain management
measures that the community is required either to adopt or to show
evidence of having in effect in order to qualify or remain qualified
for participation in the National Flood Insurance Program (NFIP).
    These flood hazard determinations, together with the floodplain
management criteria required by 44 CFR 60.3, are the minimum that are
required. They should not be construed to mean that the community must
change any existing ordinances that are more stringent in their
floodplain management requirements. The community may at any time enact
stricter requirements of its own or pursuant to policies established by
other Federal, State, or regional entities. The flood hazard
determinations are in accordance with 44 CFR 65.4.
    The affected communities are listed in the following table. Flood
hazard determination information for each community is available for
inspection at both the online location and the respective community map
repository address listed in the table below. Additionally, the current
effective FIRM and FIS report for each community are accessible online
through the FEMA Map Service Center at www.msc.fema.gov for comparison.

(Catalog of Federal Domestic Assistance No. 97.022, ``Flood
Insurance.'')

    Dated: October 31, 2014.
Roy E. Wright,
Deputy Associate Administrator for Mitigation, Department of Homeland
Security, Federal Emergency Management Agency.

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                                                    Chief executive                       Online location of
       State and county         Location and case      officer of       Community map        letter of map           Effective date of        Community
                                       no.             community          repository           revision                modification              No.
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Arizona:
    Maricopa..................  Unincorporated     The Honorable      Maricopa County    http://               December 19, 2014...........       040037
                                 areas of           Denny Barney,      Flood Control      www.msc.fema.gov/
                                 Maricopa County    Chairman,          District, 2801     lomc.
                                 (14-09-2380P).     Maricopa County    West Durango
                                                    Board of           Street, Phoenix,
                                                    Supervisors, 301   AZ 85009.
                                                    West Jefferson,
                                                    10th Floor,
                                                    Phoenix, AZ
                                                    85003.
    Mohave....................  Unincorporated     The Honorable      Mohave County      http://               December 22, 2014...........       040058
                                 areas of Mohave    Hildy Angius,      Administration     www.msc.fema.gov/
                                 County (14-09-     Chair, Mohave      Building, 700      lomc.
                                 0137P).            County Board of    West Beale
                                                    Supervisors, 700   Street, Kingman,
                                                    West Beale         AZ 86401.
                                                    Street, Kingman,
                                                    AZ 86401.
    Pinal.....................  Town of Florence   The Honorable Tom  Department of      http://               December 17, 2014...........       040084
                                 (13-09-2571P).     Rankin, Mayor,     Public Works,      www.msc.fema.gov/
                                                    Town of            425 East           lomc.
                                                    Florence, P.O.     Ruggles,
                                                    Box 2670,          Florence, AZ
                                                    Florence, AZ       85232.
                                                    85132.
    Pinal.....................  Unincorporated     The Honorable      Pinal County,      http://               December 17, 2014...........       040077
                                 areas of Pinal     Anthony Smith,     Engineering        www.msc.fema.gov/
                                 County (13-09-     Chairman, Pinal    Department, 31     lomc.
                                 2571P).            County Board of    North Pinal
                                                    Supervisors,       Street, Building
                                                    41600 West Smith   F, Florence, AZ
                                                    Enke Road, Suite   85232.
                                                    128, Maricopa,
                                                    AZ 85138.
California:
    Alameda...................  City of Fremont    The Honorable      Development        http://               December 29, 2014...........       065028
                                 (14-09-0995P).     Bill Harrison,     Services Center,   www.msc.fema.gov/
                                                    Mayor, City of     39550 Liberty      lomc.
                                                    Fremont, 3300      Street, Fremont,
                                                    Capitol Avenue,    CA 94538.
                                                    Fremont, CA
                                                    94538.
    Alameda...................  City of Fremont    The Honorable      Development        http://               December 29, 2014...........       065028
                                 (14-09-3370P).     Bill Harrison,     Services Center,   www.msc.fema.gov/
                                                    Mayor, City of     39550 Liberty      lomc.
                                                    Fremont, 3300      Street, Fremont,
                                                    Capitol Avenue,    CA 94538.
                                                    Fremont, CA
                                                    94538.
    Imperial..................  Unincorporated     The Honorable      Imperial County    http://               January 8, 2015.............       060065
                                 areas of           John Renison,      Public Works       www.msc.fema.gov/
                                 Imperial County    Chairman,          Department, 155    lomc.
                                 (14-09-3275P).     Imperial County    South 11th
                                                    Board of           Street, El
                                                    Supervisors, 940   Centro, CA 92243.
                                                    Main Street,
                                                    Suite 209, El
                                                    Centro, CA 92243.
    Los Angeles...............  City of Palmdale   The Honorable      Public Works       http://               January 8, 2015.............       060144
                                 (14-09-1102P).     James C.           Department,        www.msc.fema.gov/
                                                    Ledford, Jr.,      38300 Sierra       lomc.
                                                    Mayor, City of     Highway,
                                                    Palmdale, 38300    Palmdale, CA
                                                    Sierra Highway,    93550.
                                                    Palmdale, CA
                                                    93550.
    Ventura...................  City of Camarillo  The Honorable      Public Works       http://               December 18, 2014...........       065020
                                 (14-09-2662P).     Kevin Kildee,      Department, 601    www.msc.fema.gov/
                                                    Mayor, City of     Carmen Drive,      lomc.
                                                    Camarillo, 601     Camarillo, CA
                                                    Carmen Drive,      93010.
                                                    Camarillo, CA
                                                    93010.
    Ventura...................  Unincorporated     The Honorable      Ventura County     http://               December 18, 2014...........       060413
                                 areas of Ventura   Steve Bennett,     Public Works       www.msc.fema.gov/
                                 County (14-09-     Chairman,          Department, 800    lomc.
                                 2662P).            Ventura County     South Victoria
                                                    Board of           Avenue, Ventura,
                                                    Supervisors, 800   CA 93009.
                                                    South Victoria
                                                    Avenue, Ventura,
                                                    CA 93009.
Colorado:
    Adams.....................  City of Aurora     The Honorable      Engineering        http://               December 19, 2014...........       080002
                                 (14-08-0672P).     Steve Hogan,       Department,        www.msc.fema.gov/
                                                    Mayor, City of     15151 East         lomc.
                                                    Aurora, 15151      Alameda Parkway,
                                                    East Alameda       Aurora, CO 80012.
                                                    Parkway, Aurora,
                                                    CO 80012.
    Eagle.....................  Town of Basalt     The Honorable      Town Hall, 101     http://               November 28, 2014...........       080052
                                 (14-08-0868P).     Jacque Whitsitt,   Midland Avenue,    www.msc.fema.gov/
                                                    Mayor, Town of     Basalt, CO 81621.  lomc.
                                                    Basalt, 101
                                                    Midland Avenue,
                                                    Basalt, CO 81621.
    Eagle.....................  Unincorporated     The Honorable      Eagle County       http://               November 28, 2014...........       080051
                                 areas of Eagle     Jill Ryan,         Building and       www.msc.fema.gov/
                                 County (14-08-     Chair, Eagle       Engineering        lomc.
                                 0868P).            County Board of    Department, 500
                                                    Commissioners,     Broadway Street,
                                                    P.O. Box 850,      Eagle, CO 81631.
                                                    Eagle, CO 81631.

    Larimer...................  City of Fort       The Honorable      Stormwater         http://               December 15, 2014...........       080102
                                 Collins (14-08-    Karen Weitkunat,   Utilities          www.msc.fema.gov/
                                 0580P).            Mayor, City of     Department, 700    lomc.
                                                    Fort Collins,      Wood Street,
                                                    P.O. Box 580,      Fort Collins, CO
                                                    Fort Collins, CO   80521.
                                                    80522.
    Larimer...................  Unincorporated     The Honorable Tom  Larimer County     http://               December 15, 2014...........       080101
                                 areas of Larimer   Donnelly,          Engineering        www.msc.fema.gov/
                                 County (14-08-     Chairman,          Department, 200    lomc.
                                 0580P).            Larimer County     West Oak Street,
                                                    Board of           Fort Collins, CO
                                                    Commissioners,     80521.
                                                    P.O. Box 1190,
                                                    Fort Collins, CO
                                                    80522.
Florida:
    Bay.......................  Unincorporated     The Honorable Guy  Bay County         http://               December 26, 2014...........       120004
                                 areas of Bay       M. Tunnel,         Planning And       www.msc.fema.gov/
                                 County (13-04-     Chairman, Bay      Zoning             lomc.
                                 8550P).            County Board of    Department, 707
                                                    Commissioners,     Jenks Avenue,
                                                    840 West 11th      Panama City, FL
                                                    Street, Panama     32401.
                                                    City, FL 32401.
    Charlotte.................  Unincorporated     The Honorable Ken  Charlotte County   http://               January 5, 2015.............       120061
                                 areas of           Doherty,           Community          www.msc.fema.gov/
                                 Charlotte County   Chairman,          Development        lomc.
                                 (14-04-5938P).     Charlotte County   Department,
                                                    Board of           18500 Murdock
                                                    Commissioners,     Circle, Port
                                                    18500 Murdock      Charlotte, FL
                                                    Circle, Port       33948.
                                                    Charlotte, FL
                                                    33948.
    Collier...................  City of Marco      The Honorable      City Hall, 50      http://               December 26, 2014...........       120426
                                 Island (14-04-     Kenneth E.         Bald Eagle         www.msc.fema.gov/
                                 5224P).            Honecker,          Drive, Marco       lomc.
                                                    Chairman, Marco    Island, FL 34145.
                                                    Island City
                                                    Council, 50 Bald
                                                    Eagle Drive,
                                                    Marco Island, FL
                                                    34145.
    Collier...................  City of Marco      The Honorable      City Hall, 50      http://               December 11, 2014...........       120426
                                 Island (14-04-     Kenneth E.         Bald Eagle         www.msc.fema.gov/
                                 5856P).            Honecker,          Drive, Marco       lomc.
                                                    Chairman, Marco    Island, FL 34145.
                                                    Island City
                                                    Council, 50 Bald
                                                    Eagle Drive,
                                                    Marco Island, FL
                                                    34145.
    Duval.....................  City of Atlantic   The Honorable      City Hall, 800     http://               December 22, 2014...........       120075
                                 Beach (14-04-      Carolyn Woods,     Seminole Road,     www.msc.fema.gov/
                                 0427P).            Mayor, City of     Atlantic Beach,    lomc.
                                                    Atlantic Beach,    FL 32233.
                                                    800 Seminole
                                                    Road, Atlantic
                                                    Beach, FL 32233.
    Duval.....................  City of            The Honorable      City Hall, 117     http://               December 22, 2014...........       120077
                                 Jacksonville (14-  Alvin Brown,       West Duval         www.msc.fema.gov/
                                 04-0427P).         Mayor, City of     Street,            lomc.
                                                    Jacksonville,      Jacksonville, FL
                                                    117 West Duval     32202.
                                                    Street,
                                                    Jacksonville, FL
                                                    32202.
    Duval.....................  City of            The Honorable      City Hall, 117     http://               December 11, 2014...........       120077
                                 Jacksonville (14-  Alvin Brown,       West Duval         www.msc.fema.gov/
                                 04-1465P).         Mayor, City of     Street,            lomc.
                                                    Jacksonville,      Jacksonville, FL
                                                    117 West Duval     32202.
                                                    Street,
                                                    Jacksonville, FL
                                                    32202.
    Duval.....................  City of            The Honorable      City Hall, 117     http://               December 26, 2014...........       120077
                                 Jacksonville (14-  Alvin Brown,       West Duval         www.msc.fema.gov/
                                 04-5239P).         Mayor, City of     Street,            lomc.
                                                    Jacksonville,      Jacksonville, FL
                                                    117 West Duval     32202.
                                                    Street,
                                                    Jacksonville, FL
                                                    32202.
    Manatee...................  Unincorporated     The Honorable      Manatee County     http://               December 26, 2014...........       120153
                                 areas of Manatee   Larry Bustle,      Building and       www.msc.fema.gov/
                                 County (14-04-     Chairman,          Development        lomc.
                                 8302P).            Manatee County     Services
                                                    Board of           Department, 1112
                                                    Commissioners,     Manatee Avenue
                                                    1112 Manatee       West, Bradenton,
                                                    Avenue West,       FL 34205.
                                                    Bradenton, FL
                                                    34205.
    Miami-Dade................  City of Sunny      The Honorable      Government         http://               December 22, 2014...........       120688
                                 Isles Beach (14-   Norman S.          Center, 18070      www.msc.fema.gov/
                                 04-4655P).         Edelcup, Mayor,    Collins Avenue,    lomc.
                                                    City of Sunny      Sunny Isles
                                                    Isles Beach,       Beach, FL 33160.
                                                    18070 Collins
                                                    Avenue, Sunny
                                                    Isles Beach, FL
                                                    33160.
    Miami-Dade................  City of Sunny      The Honorable      Government         http://               January 5, 2015.............       120688
                                 Isles Beach (14-   Norman S.          Center, 18070      www.msc.fema.gov/
                                 04-4656P).         Edelcup, Mayor,    Collins Avenue,    lomc.
                                                    City of Sunny      Sunny Isles
                                                    Isles Beach,       Beach, FL 33160.
                                                    18070 Collins
                                                    Avenue, Sunny
                                                    Isles Beach, FL
                                                    33160.

    Orange....................  City of Orlando    The Honorable      Permitting         http://               January 9, 2015.............       120186
                                 (14-04-4627P).     Buddy Dyer,        Services           www.msc.fema.gov/
                                                    Mayor, City of     Department, 400    lomc.
                                                    Orlando, P.O.      South Orange
                                                    Box 4990,          Avenue, Orlando,
                                                    Orlando, FL        FL 32801.
                                                    32802.
    Orange....................  Unincorporated     The Honorable      Orange County      http://               January 9, 2015.............       120179
                                 areas of Orange    Teresa Jacobs,     Stormwater         www.msc.fema.gov/
                                 County (14-04-     Mayor, Orange      Management         lomc.
                                 4627P).            County, 201        Department, 4200
                                                    South Rosalind     South John Young
                                                    Avenue, 5th        Parkway,
                                                    Floor, Orlando,    Orlando, FL
                                                    FL 32801.          32839.
    Polk......................  City of Winter     The Honorable      Engineering        http://               January 5, 2015.............       120271
                                 Haven (14-04-      Nathaniel          Services           www.msc.fema.gov/
                                 4079P).            Birdsong, Mayor,   Division, 451      lomc.
                                                    City of Winter     3rd Street
                                                    Haven, 451 3rd     Northwest,
                                                    Street             Winter Haven, FL
                                                    Northwest,         33881.
                                                    Winter Haven, FL
                                                    33881.
    Sarasota..................  City of Sarasota   The Honorable      City Hall, 1565    http://               December 22, 2014...........       125150
                                 (14-04-5350P).     Willie Charles     1st Street,        www.msc.fema.gov/
                                                    Shaw, Mayor,       Sarasota, FL       lomc.
                                                    City of            34236.
                                                    Sarasota, 1565
                                                    1st Street,
                                                    Sarasota, FL
                                                    34236.
    Seminole..................  City of Altamonte  The Honorable      Public Library,    http://               December 26, 2014...........       120290
                                 Springs (14-04-    Patricia Bates,    281 North          www.msc.fema.gov/
                                 7250P).            Mayor, City of     Maitland,          lomc.
                                                    Altamonte          Altamonte
                                                    Springs, 225       Springs, FL
                                                    Newburyport        32701.
                                                    Avenue,
                                                    Altamonte
                                                    Springs, FL
                                                    32701.
    Seminole..................  City of            The Honorable      City Hall, 95      http://               January 9, 2015.............       120291
                                 Casselberry (14-   Charlene Glancy,   Triplet Lake       www.msc.fema.gov/
                                 04-5862P).         Mayor, City of     Drive,             lomc.
                                                    Casselberry, 95    Casselberry, FL
                                                    Triplet Lake       32707.
                                                    Drive,
                                                    Casselberry, FL
                                                    32707.
Georgia:
    Columbia..................  Unincorporated     The Honorable Ron  Stormwater         http://               January 2, 2015.............       130059
                                 areas of           C. Cross,          Utility            www.msc.fema.gov/
                                 Columbia County    Chairman,          Department, 603    lomc.
                                 (14-04-7278P).     Columbia County    Ronald Reagan
                                                    Board of           Drive, Building
                                                    Commissioners,     B, 2nd Floor,
                                                    P.O. Box 498,      Evans, GA 30809.
                                                    Evans, GA 30809.
    Decatur...................  City of            The Honorable      City Hall, 107     http://               November 17, 2014...........       130204
                                 Bainbridge (14-    Edward Reynolds,   Broad Street,      www.msc.fema.gov/
                                 04-1920P).         Mayor, City of     Bainbridge, GA     lomc.
                                                    Bainbridge, P.O.   39817.
                                                    Box 158,
                                                    Bainbridge, GA
                                                    39818.
    Decatur...................  Unincorporated     The Honorable      Decatur County     http://               November 17, 2014...........       130451
                                 areas of Decatur   Frank Loeffler,    Planning           www.msc.fema.gov/
                                 County (14-04-     Chairman,          Department, 309    lomc.
                                 1920P).            Decatur County     Airport Road,
                                                    Board of           Bainbridge, GA
                                                    Commissioners,     39817.
                                                    P.O. Box 726,
                                                    Bainbridge, GA
                                                    39818.
    Fulton....................  Unincorporated     The Honorable      Fulton County      http://               January 12, 2015............       135160
                                 areas of Fulton    John Eaves,        Office of          www.msc.fema.gov/
                                 County (14-04-     Chairman, Fulton   Environment and    lomc.
                                 0878P).            County Board of    Community
                                                    Commissioners,     Development, 141
                                                    141 Pryor          Pryor Street,
                                                    Street, Suite      Suite 2085,
                                                    10061, Atlanta,    Atlanta, GA
                                                    GA 30303.          30303.
    Gwinnett..................  City of Duluth     The Honorable      Department of      http://               November 24, 2014...........       130098
                                 (14-04-1324P).     Nancy Harris,      Planning and       www.msc.fema.gov/
                                                    Mayor, City of     Development,       lomc.
                                                    Duluth, 3167       3578 West
                                                    Main Street,       Lawrenceville
                                                    Duluth, GA 30096.  Street, Duluth,
                                                                       GA 30096.
Montana: Ravalli..............  Unincorporated     The Honorable      Ravalli County     http://               January 19, 2015............       300061
                                 areas of Ravalli   Greg Chilcott,     Floodplain Map     www.msc.fema.gov/
                                 County (14-08-     Chairman,          Repository, 215    lomc.
                                 0632P).            Ravalli County     South 4th
                                                    Board of           Street, Suite A,
                                                    Commissioners,     Hamilton, MT
                                                    215 South 4th      59840.
                                                    Street, Suite A,
                                                    Hamilton, MT
                                                    59840.
Nevada: Clark.................  City of Henderson  The Honorable      Public Works       http://               December 29, 2014...........       320005
                                 (14-09-1585P).     Andy A. Hafen,     Department, 240    www.msc.fema.gov/
                                                    Mayor, City of     Water Street,      lomc.
                                                    Henderson, P.O.    Henderson, NV
                                                    Box 95050,         89015.
                                                    Henderson, NV
                                                    89009.
North Carolina: Guilford......  City of            The Honorable      Central Library,   http://               January 9, 2015.............       375351
                                 Greensboro (14-    Nancy Vaughan,     219 North Church   www.msc.fema.gov/
                                 04-2255P).         Mayor, City of     Street,            lomc.
                                                    Greensboro, P.O.   Greensboro, NC
                                                    Box 3136,          27401.
                                                    Greensboro, NC
                                                    27402.

Wyoming: Teton................  Town of Jackson    The Honorable      Planner's Office,  http://               December 26, 2014...........       560052
                                 (14-08-0328P)..    Mark Barron,       150 East Pearl     www.msc.fema.gov/
                                                    Mayor, Town of     Street, Jackson,   lomc.
                                                    Jackson, P.O.      WY 83001.
                                                    Box 1687,
                                                    Jackson, WY
                                                    83001.
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[FR Doc. 2014-29014 Filed 12-10-14; 8:45 am]
BILLING CODE 9110-12-P


[Federal Register Volume 82, Number 171 (Wednesday, September 6, 2017)]
[Notices]
[Pages 42147-42153]
[FR Doc No: 2017-18799]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81505; File No. SR-NYSEArca-2017-90]

Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing
of Proposed Rule Change To List and Trade Shares of the Hartford
Municipal Opportunities ETF Under NYSE Arca Rule 8.600-E

August 30, 2017.
    Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of
1934 (the ``Act'') \2\ and Rule 19b-4 thereunder,\3\ notice is hereby
given that, on August 17, 2017, NYSE Arca, Inc. (the ``Exchange'' or
``NYSE Arca'') filed with the Securities and Exchange Commission (the
``Commission'') the proposed rule change as described in Items I and II
below, which Items have been prepared by the self-regulatory
organization. The Commission is publishing this notice to solicit
comments on the proposed rule change from interested persons.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 15 U.S.C. 78a.
    \3\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    The Exchange proposes to list and trade shares of the Hartford
Municipal Opportunities ETF under NYSE Arca Rule 8.600-E (``Managed
Fund Shares''). The proposed change is available on the Exchange's Web
site at www.nyse.com, at the principal office of the Exchange, and at
the Commission's Public Reference Room.

II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change

    In its filing with the Commission, the self-regulatory organization
included statements concerning the purpose of, and basis for, the
proposed rule change and discussed any comments it received on the
proposed rule change. The text of those statements may be examined at
the places specified in Item IV below. The Exchange has prepared
summaries, set forth in sections A, B, and C below, of the most
significant parts of such statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule Change

1. Purpose
    The Exchange proposes to list and trade shares (``Shares'') of the
Hartford Municipal Opportunities ETF (``Fund'') under NYSE Arca Rule
8.600-E,\4\ which governs the listing and trading of Managed Fund
Shares.\5\ The Shares will be offered by the Hartford Funds Exchange-
Traded Trust (the ``Trust''), which is registered with the Commission
as an open-end management investment company.\6\ The Fund is a series
of the Trust.
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    \4\ The Securities and Exchange Commission (``Commission'') has
approved for Exchange listing and trading shares of actively managed
funds that principally hold municipal bonds. See, e.g., Securities
Exchange Act Release Nos. 60981 (November 10, 2009), 74 FR 59594
(November 18, 2009) (SR-NYSEArca-2009-79) (order approving listing
and trading of shares of the PIMCO Short-Term Municipal Bond
Strategy Fund and PIMCO Intermediate Municipal Bond Strategy Fund);
79293 (November 10, 2016), 81 FR 81189 (November 17, 2016) (SR-
NYSEArca-2016-107) (order approving listing and trading of shares of
Cumberland Municipal Bond ETF under Rule 8.600); 80865 (June 6,
2017), 82 FR 26970 (June 12, 2017) (order approving listing and
trading of shares of the Franklin Liberty Intermediate Municipal
Opportunities ETF and Franklin Liberty Municipal Bond ETF under NYSE
Arca Equities Rule 8.600); 80885 (June 8, 2017), 82 FR 27302 (June
14, 2017) (order approving listing and trading of shares of the IQ
Municipal Insured ETF, IQ Municipal Short Duration ETF, and IQ
Municipal Intermediate ETF Under NYSE Arca Equities Rule 8.600. The
Commission also has approved listing and trading on the Exchange of
shares of the SPDR Nuveen S&P High Yield Municipal Bond Fund under
Commentary .02 of NYSE Arca Equities Rule 5.2(j)(3). See Securities
Exchange Act Release No.63881 (February 9, 2011), 76 FR 9065
(February 16, 2011) (SR-NYSEArca-2010-120).
    \5\ A Managed Fund Share is a security that represents an
interest in an investment company registered under the Investment
Company Act of 1940 (15 U.S.C. 80a-1) (``1940 Act'') organized as an
open-end investment company or similar entity that invests in a
portfolio of securities selected by its investment adviser
consistent with its investment objectives and policies. In contrast,
an open-end investment company that issues Investment Company Units,
listed and traded on the Exchange under NYSE Arca Rule 5.2-E(j)(3),
seeks to provide investment results that correspond generally to the
price and yield performance of a specific foreign or domestic stock
index, fixed income securities index or combination thereof.
    \6\ The Trust is registered under the 1940 Act. On June 26,
2017, the Trust filed with the Commission its registration statement
on Form N-1A under the Securities Act of 1933 (15 U.S.C. 77a)
(``Securities Act''), and under the 1940 Act relating to the Fund
(File Nos. 333-215165 and 811-23222) (``Registration Statement'').
The description of the operation of the Trust and the Fund herein is
based, in part, on the Registration Statement. In addition, the
Commission has issued an order granting certain exemptive relief to
the Trust under the 1940 Act. See Investment Company Act Release No.
32454 (January 27, 2017) (File No.<PHONE_NUMBER>8-01) (``Exemptive
Order'').
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    Hartford Funds Management Company, LLC (``HFMC'' or ``Manager'')
will be the investment manager to the Fund. ALPS Distributors, Inc.
(``ALPS'' or the ``Distributor'') will be the principal underwriter to
the Fund. HFMC is an indirect subsidiary of The Hartford Financial
Services Group, Inc. Wellington Management Company LLP (``Wellington
Management'' or ``Sub-Adviser'') will be the sub-adviser to the Fund
and will perform the daily investment of the assets for the Fund.
    Commentary .06 to Rule 8.600-E provides that, if the investment
adviser to the investment company issuing Managed Fund Shares is
affiliated with a broker-dealer, such investment adviser shall erect a
``fire wall'' between the investment adviser and the broker-dealer with
respect to access to information concerning the composition and/or
changes to such investment company portfolio.\7\ In addition,
Commentary .06 further requires that personnel who make decisions on
the open-end fund's portfolio composition must be subject to procedures
designed to prevent the use and dissemination of material nonpublic
information regarding the open-end fund's portfolio. Neither the
Manager nor Sub-Adviser is a registered broker-dealer but each is
affiliated with a broker-dealer. The Manager and Sub-Adviser each has
implemented a ``fire wall'' with respect to such broker-dealer
affiliate regarding access to information concerning the composition of
and/or changes to the Fund's portfolio. In addition, personnel who make
decisions on the Fund's portfolio composition must be subject to
procedures designed to prevent the use and dissemination of material,
non-public information regarding the Fund's portfolio. In the event (a)
the Manager or Sub-Adviser becomes registered as a broker-dealer or
newly affiliated with a broker-dealer, or (b) any new adviser or sub-
adviser to the Fund is a registered broker-dealer or becomes affiliated
with a broker-dealer, the applicable adviser or sub-adviser will
implement and

maintain a fire wall with respect to its relevant personnel or broker-
dealer affiliate regarding access to information concerning the
composition and/or changes to the Fund's portfolio, and will be subject
to procedures designed to prevent the use and dissemination of material
non-public information regarding such portfolio.
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    \7\ An investment adviser to an open-end fund is required to be
registered under the Investment Advisers Act of 1940 (the ``Advisers
Act''). As a result, the Adviser and Sub-Adviser and their related
personnel are subject to the provisions of Rule 204A-1 under the
Advisers Act relating to codes of ethics. This Rule requires
investment advisers to adopt a code of ethics that reflects the
fiduciary nature of the relationship to clients as well as
compliance with other applicable securities laws. Accordingly,
procedures designed to prevent the communication and misuse of non-
public information by an investment adviser must be consistent with
Rule 204A-1 under the Advisers Act. In addition, Rule 206(4)-7 under
the Advisers Act makes it unlawful for an investment adviser to
provide investment advice to clients unless such investment adviser
has (i) adopted and implemented written policies and procedures
reasonably designed to prevent violation, by the investment adviser
and its supervised persons, of the Advisers Act and the Commission
rules adopted thereunder; (ii) implemented, at a minimum, an annual
review regarding the adequacy of the policies and procedures
established pursuant to subparagraph (i) above and the effectiveness
of their implementation; and (iii) designated an individual (who is
a supervised person) responsible for administering the policies and
procedures adopted under subparagraph (i) above.
---------------------------------------------------------------------------

Hartford Municipal Opportunities ETF
    According to the Registration Statement, the Fund will seek to
provide current income that is generally exempt from federal income
taxes, and long-term total return. The Fund will seek to achieve its
investment objective by investing in investment grade and non-
investment grade municipal securities that the Sub-Adviser considers to
be attractive from a yield perspective while considering total return.
Under normal market conditions,\8\ at least 80% of the Fund's net
assets must be invested in municipal securities (``Municipal
Securities'').\9\ The Fund will generally hold a diversified portfolio
of investments across states and sectors, although the Fund is not
required to invest in all states and sectors at all times.
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    \8\ The term ``normal market conditions'' is defined in NYSE
Arca Rule 8.600-E(c)(5).
    \9\ Municipal securities primarily include debt obligations are
issued by or on behalf of the District of Columbia, states,
territories, commonwealths and possessions of the United States and
their political subdivisions (e.g., cities, towns, counties, school
districts, authorities and commissions) and agencies, authorities
and instrumentalities.
---------------------------------------------------------------------------

    According to the Registration Statement, the Fund may invest in the
following Municipal Securities:

 General obligation bonds
 Revenue (or limited obligation) bonds
 Private activity (or industrial development) bonds
 Municipal notes
 Municipal lease obligations
 Zero-coupon Municipal Securities

    The Sub-Adviser will combine top-down strategy with bottom-up
fundamental research and comprehensive risk management within the
portfolio construction process. Bottom-up, internally generated,
fundamental research attempts to identify relative value among sectors,
within sectors, and between individual securities.
Other Investments
    While the Fund, under normal market conditions, will invest at
least 80% of its net assets in Municipal Securities as described above,
the Fund may, under normal market conditions, invest up to 20% of its
net assets in the aggregate in the securities and financial instruments
described below.
    The Fund may invest in exchange-traded fund (``ETFs'') \10\ and
exchange-traded notes. (``ETNs'').\11\
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    \10\ For purposes of this filing, the term ``ETFs'' includes
Investment Company Units (as described in NYSE Arca Rule 5.2-
E(j)(3)); Portfolio Depositary Receipts (as described in NYSE Arca
Rule 8.100-E); and Managed Fund Shares (as described in NYSE Arca
Rule 8.600-E). All ETFs will be listed and traded in the U.S. on a
national securities exchange. While the Fund may invest in inverse
ETFs, the Fund will not invest in leveraged (e.g., 2X, -2X, 3X or -
3X) ETFs.
    \11\ ETNs are securities such as those listed on the Exchange
under NYSE Arca Rule 5.2-E(j)(6).
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    The Fund may invest in securities issued or guaranteed as to
principal or interest by the U.S. Government, its agencies or
instrumentalities.
    The Fund may invest some or all of its assets in cash, high quality
money market instruments,\12\ U.S. Government securities and shares of
money market investment companies for temporary defensive purposes in
response to adverse market, economic or political conditions when its
sub-adviser, subject to the overall supervision of HFMC, deems it
appropriate.
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    \12\ Money market instruments include the following: (1)
Banker's acceptances; (2) short-term corporate obligations,
including commercial paper, notes, and bonds; (3) other short-term
debt obligations; and (4) obligations of U.S. banks.
---------------------------------------------------------------------------

    The Fund may invest in non-agency asset-backed securities.
    The Fund may invest in registered money market funds that invest in
money market instruments, as permitted by regulations adopted under the
1940 Act.
    The Fund may invest in registered money market funds that invest in
money market instruments and other investment company securities as
permitted under the 1940 Act.
    The Fund may enter into repurchase and reverse repurchase
agreements.
    The Fund may invest in securities that are not registered under the
1933 Act (``restricted securities'').
    The Fund may invest in zero-coupon securities (in addition to zero-
coupon Municipal Securities).
    The Fund may invest in variable rate bonds known as ``inverse
floaters'' which pay interest at rates that bear an inverse
relationship to changes in short-term market interest rates.
    The Fund may invest in municipal inverse floaters, which are a type
of inverse floater in which a municipal bond is deposited with a
special purpose vehicle (SPV), which issues, in return, the municipal
inverse floater (which is comprised of a residual interest in the cash
flows and assets of the SPV) plus proceeds from the issuance by the SPV
of floating rate certificates to third parties.
    The Fund may invest in derivative instruments, as described below.
The Fund may use derivative instruments to manage portfolio risk, to
replicate securities the Fund could buy that are not currently
available in the market or for other investment purposes.
    The Fund may invest in interest rate futures contracts.
    The Fund may invest in interest rate swaps, caps, floors and
collars.
Disclosure of Portfolio Holdings
    On each day the NYSE Arca is open (a ``Business Day''), before
commencement of trading in Shares on the Exchange in the Exchange's
Core Trading Session, HFMC will disclose the Fund's iNAV Basket.\13\
Additionally, on each Business Day, before commencement of trading in
Shares on the Exchange, the Fund will disclose on its Web site the
identities and quantities of the Fund's portfolio holdings that will
form the basis for the Fund's calculation of NAV at the end of the
Business Day.
---------------------------------------------------------------------------

    \13\ An iNAV will be based on the current market value of the
Fund's portfolio holdings that will form the basis for the Fund's
calculation of NAV at the end of the Business Day, as disclosed on
the Fund's Web site prior to that Business Day's commencement of
trading (the ``iNAV Basket'').
---------------------------------------------------------------------------

    The NAV per Share will be determined for the Fund's Shares as of
the close of regular trading on the New York Stock Exchange (the
``NYSE'') (normally 4:00 p.m. Eastern Time) (the ``NYSE Close'') on
each day that the Exchange is open (``Valuation Date''). The net asset
value for the Shares will be determined by dividing the value of the
Fund's net assets attributable to the Shares by the number of Shares
outstanding.
    For purposes of calculating the NAV, portfolio securities and other
assets held in the Fund's portfolio for which market prices are readily
available are valued at market value. Market value is generally
determined on the basis of last reported trade prices or official close
price. If no trades were reported, market value is based on prices
obtained from a quotation reporting system, established market makers,
or independent pricing services. If market prices are not readily
available or are deemed unreliable, the Fund will use the fair value of
the security or other instrument as determined in good faith under
policies and procedures established by and under the supervision of the
Board of Trustees of the Trust. Market prices are considered not
readily available where there is an absence of current or reliable
market-based data (e.g., trade information or broker quotes), including
where events occur after the close of the

relevant market, but prior to the NYSE Close that materially affect the
values of the Fund's portfolio holdings or assets. Prices of foreign
equities that are principally traded on certain foreign markets are
adjusted daily pursuant to a fair value pricing service approved by the
Trust's Board of Trustees in order to reflect an adjustment for the
factors occurring after the close of certain foreign markets but before
the NYSE Close.
    Fixed income investments and non-exchange traded derivatives held
by the Fund will normally be valued on the basis of quotes obtained
from brokers and dealers or independent pricing services in accordance
with procedures established by the Trust's Board of Trustees. Prices
obtained from independent pricing services use information provided by
market makers or estimates of market values obtained from yield data
relating to investments or securities with similar characteristics.
Senior floating rate interests generally trade in over-the-counter
(``OTC'') markets and are priced through an independent pricing service
utilizing independent market quotations from loan dealers or financial
institutions. Generally, the Fund may use fair valuation in regard to
fixed income positions when the Fund holds defaulted or distressed
investments or investments in a company in which a reorganization is
pending. Short term investments maturing in 60 days or less are
generally valued at amortized cost if their original term to maturity
was 60 days or less, or by amortizing their value on the 61st day prior
to maturity, if the original term exceeded 60 days.
    Investments valued in currencies other than U.S. dollars will be
converted to U.S. dollars using exchange rates obtained from
independent pricing services for calculation of the NAV.
    Investments in open-end mutual funds are valued at the respective
NAV of each open-end mutual fund on the Valuation Date.
    Financial instruments for which prices are not available from an
independent pricing service may be valued using market quotations
obtained from one or more dealers that make markets in the respective
financial instrument in accordance with procedures established by the
Trust's Board of Trustees.
Creation and Redemption of Shares
    According to the Registration Statement, the Trust will issue and
sell Shares of the Fund only in Creation Units at the NAV next
determined after receipt of an order in proper form on any Business
Day. The number of Shares of the Fund that will constitute a Creation
Unit is 50,000. The size of a Creation Unit is subject to change.
Creation of Shares
    The consideration for purchase of Creation Units will generally
consist of ``Deposit Securities'' and the ``Cash Component'', which
will generally correspond pro rata, to the extent practicable, to the
Fund's securities, or, as permitted or required by the Fund, of cash.
Together, the Deposit Securities and Cash Component constitute the
``Fund Deposit,'' which represents the minimum initial and subsequent
investment amount for a Creation Unit of the Fund. Creation Units of
Shares of the Fund may be issued partially for cash.
    The Transfer Agent, through the NSCC, will make available on each
Business Day, prior to the Core Trading Session (subject to amendments)
on the Exchange (currently 9:30 a.m., Eastern time), the identity and
the required number of each Deposit Security and the amount of the Cash
Component to be included in the current Fund Deposit (based on
information at the end of the previous Business Day).
    To be eligible to place orders with the Distributor and to create a
Creation Unit of the Fund, an entity must be: (i) A ``Participating
Party,'' i.e., a broker-dealer or other participant in the clearing
process through the Continuous Net Settlement System of the NSCC (the
``Clearing Process''); or (ii) a participant of DTC (``DTC
Participant'') and must have executed an agreement with the Distributor
(and accepted by the Transfer Agent), with respect to creations and
redemptions of Creation Units (``Participant Agreement'') (discussed
below). A Participating Party or DTC Participant who has executed a
Participant Agreement is referred to as an ``Authorized Participant.''
    Except as described below, and in all cases subject to the terms of
the applicable Participant Agreement, all orders to create Creation
Units of the Fund must be received by the Transfer Agent no later than
the closing time of the Exchange's Core Trading Session (``Order Cutoff
Time'') (ordinarily 4:00 p.m., Eastern time) in each case on the date
such order is placed for creation of Creation Units to be effected
based on the NAV of shares of the Fund as next determined after receipt
of an order in proper form. Orders requesting substitution of a ``cash-
in-lieu'' amount or a cash creation, must be received by the Transfer
Agent no later than 3:00 p.m., Eastern time. The date on which an order
to create Creation Units (or an order to redeem Creation Units, as
discussed below) is placed is referred to as the ``Transmittal Date''.
    Fund Deposits created through the Clearing Process, if available,
must be delivered through a Participating Party that has executed a
Participant Agreement.
    Fund Deposits created outside the Clearing Process must be
delivered through a DTC Participant that has executed a Participant
Agreement.
Redemption of Shares
    Shares may be redeemed only in Creation Units at their NAV next
determined after receipt of a redemption request in proper form on a
Business Day and only through a Participating Party or DTC Participant
who has executed a Participant Agreement.
    With respect to the Fund, the Transfer Agent, through the NSCC,
makes available immediately prior to the opening of business on the
Exchange (currently 9:30 a.m., Eastern time) on each Business Day, the
identity of the Fund's securities and/or an amount of cash that will be
applicable (subject to possible amendment or correction) to redemption
requests received in proper form (as described below) on that day. All
orders are subject to acceptance by the Distributor. The Fund's
securities received on redemption will generally correspond pro rata,
to the extent practicable, to the Fund's securities. The Fund's
securities received on redemption (``Fund Securities'') may not be
identical to Deposit Securities that are applicable to creations of
Creation Units.
    Unless cash only redemptions are available or specified for the
Fund, the redemption proceeds for a Creation Unit will generally
consist of Fund Securities--as announced on the Business Day of the
request for a redemption order received in proper form--plus cash in an
amount equal to the difference between the NAV of the Shares being
redeemed, as next determined after a receipt of a request in proper
form, and the value of the Fund Securities, less the redemption
transaction fee and variable fees described below. Notwithstanding the
foregoing, the Trust will substitute a ``cash-in-lieu'' amount to
replace any Fund Security that is a non-deliverable instrument.
    Orders to redeem Creation Units of the Fund through the Clearing
Process, if available, must be delivered through a Participating Party
that has executed the Participant Agreement.
    Orders to redeem Creation Units of the Fund outside the Clearing
Process must be delivered through a DTC

Participant that has executed the Participant Agreement.
Availability of Information
    The Fund will disclose on the Fund's Web site
(www.hartfordfunds.com) at the start of each business day the
identities and quantities of the securities and other assets held by
the Fund that will form the basis of the Fund's calculation of its net
asset value (``NAV'') on that business day. The portfolio holdings so
disclosed will be based on information as of the close of business on
the prior business day and/or trades that have been completed prior to
the opening of business on that business day and that are expected to
settle on the business day.
    The Web site for the Fund will contain the following information,
on a per-Share basis, for the Fund: (1) The prior business day's NAV;
(2) the reported midpoint of the bid-ask spread at the time of NAV
calculation (the ``Bid-Ask Price''); (3) a calculation of the premium
or discount of the Bid-Ask Price against such NAV; and (4) data in
chart format displaying the frequency distribution of discounts and
premiums of the Bid-Ask Price against the NAV, within appropriate
ranges, for each of the four previous calendar quarters (or for the
life of the Fund if, shorter). In addition, on each business day,
before the commencement of trading in Shares on the NYSE Arca, the Fund
will disclose on its Web site the identities and quantities of the
portfolio securities and other assets held by the Fund that will form
the basis for the calculation of NAV at the end of the business day.
    The Fund's portfolio holdings will be disclosed on the Fund's Web
site daily after the close of trading on the Exchange and prior to the
opening of trading on the Exchange the following day. On a daily basis,
the Fund will disclose the information required under NYSE Arca Rule
8.600-E(c)(2) to the extent applicable. The Web site information will
be publicly available at no charge.
    The approximate value of the Fund's investments on a per-Share
basis, the iNAV, will be disseminated every 15 seconds during the
Exchange Core Trading Session (ordinarily 9:30 a.m. to 4:00 p.m.,
Eastern Time).
    Investors can also obtain the Fund's Statement of Additional
Information (``SAI''), shareholder reports, Form N-CSR and Form N-SAR,
filed twice a year. The Fund's SAI and shareholder reports will be
available free upon request from the Trust, and those documents and the
Form N-CSR and Form N-SAR may be viewed on-screen or downloaded from
the Commission's Web site at www.sec.gov. Information regarding market
price and trading volume of the Shares will be continually available on
a real-time basis throughout the day on brokers' computer screens and
other electronic services. Information regarding the previous day's
closing price and trading volume information for the Shares will be
published daily in the financial section of newspapers.
    Quotation and last sale information for the Shares, ETFs and ETNs
will be available via the Consolidated Tape Association (``CTA'') high-
speed line, and from the national securities exchange on which they are
listed.
    Quotation information from brokers and dealers or pricing services
will be available for Municipal Bonds. Price information for money
market funds will be available from the applicable investment company's
Web site and from market data vendors. Pricing information regarding
each asset class in which the Fund will invest will generally be
available through nationally recognized data service providers through
subscription agreements. In addition, the iNAV (which is the Portfolio
Indicative Value, as defined in NYSE Arca Rule 8.600-E(c)(3)), will be
widely disseminated at least every 15 seconds during the Core Trading
Session by one or more major market data vendors or other information
providers.\14\
---------------------------------------------------------------------------

    \14\ Currently, it is the Exchange's understanding that several
major market data vendors display and/or make widely available
Portfolio Indicative Values taken from CTA or other data feeds.
---------------------------------------------------------------------------

Investment Restrictions
    The Fund may hold up to an aggregate amount of 15% of its net
assets in illiquid assets (calculated at the time of investment) deemed
illiquid by the Adviser, consistent with Commission guidance. The Fund
will monitor its portfolio liquidity on an ongoing basis to determine
whether, in light of current circumstances, an adequate level of
liquidity is being maintained, and will consider taking appropriate
steps in order to maintain adequate liquidity if, through a change in
values, net assets, or other circumstances, more than 15% of the Fund's
net assets are held in illiquid assets. Illiquid assets may include
securities subject to contractual or other restrictions on resale and
other instruments that lack readily available markets as determined in
accordance with Commission staff guidance.\15\
---------------------------------------------------------------------------

    \15\ The Commission has stated that long-standing Commission
guidelines have required open-end funds to hold no more than 15% of
their net assets in illiquid securities and other illiquid assets.
See Investment Company Act Release No. 28193 (March 11, 2008), 73 FR
14618 (March 18, 2008), footnote 34. See also, Investment Company
Act Release No. 5847 (October 21, 1969), 35 FR 19989 (December 31,
1970) (Statement Regarding ``Restricted Securities''); Investment
Company Act Release No. 18612 (March 12, 1992), 57 FR 9828 (March
20, 1992) (Revisions of Guidelines to Form N-1A). A fund's portfolio
security is illiquid if it cannot be disposed of in the ordinary
course of business within seven days at approximately the value
ascribed to it by the fund. See Investment Company Act Release No.
14983 (March 12, 1986), 51 FR 9773 (March 21, 1986) (adopting
amendments to Rule 2a-7 under the 1940 Act); Investment Company Act
Release No. 17452 (April 23, 1990), 55 FR 17933 (April 30, 1990)
(adopting Rule 144A under the Securities Act).
---------------------------------------------------------------------------

    The Fund intends to qualify for and to elect treatment as a
separate regulated investment company under Subchapter M of the
Internal Revenue Code of 1986.\16\
---------------------------------------------------------------------------

    \16\ 26 U.S.C. 851.
---------------------------------------------------------------------------

    The Fund's investments will be consistent with its investment goal
and will not be used to provide multiple returns of a benchmark or to
produce leveraged returns.
    Under normal market conditions, except for periods of high cash
inflows or outflows,\17\ the Fund will satisfy the following criteria:
---------------------------------------------------------------------------

    \17\ ``Periods of high cash inflows or outflows'' as used
herein, mean rolling periods of seven calendar days during which
inflows or outflows of cash, in the aggregate, exceed 10% of the
Fund's net assets as of the opening of business on the first day of
such periods.
---------------------------------------------------------------------------

    i. The Fund will have a minimum of 20 non-affiliated issuers;
    ii. No single municipal securities issuer will account for more
than 10% of the weight of the Fund's portfolio;
    iii. No individual bond will account for more than 5% of the weight
of the Fund's portfolio;
    iv. The Fund will limit its investments in Municipal Securities of
any one state to 20% of the Fund's total assets and will be diversified
among issuers in at least 10 states;
    v. The Fund will be diversified among a minimum of five different
sectors of the municipal bond market.\18\
---------------------------------------------------------------------------

    \18\ The Fund's investments in Municipal Securities will include
investments in state and local (e.g., county, city, town) Municipal
Securities relating to such sectors as the following: Airports;
bridges and highways; hospitals; housing; jails; mass
transportation; nursing homes; parks; public buildings; recreational
facilities; school facilities; streets; and water and sewer works.
---------------------------------------------------------------------------

    Pre-refunded bonds will be excluded from the above limits given
that they have a high level of credit quality and liquidity.\19\
---------------------------------------------------------------------------

    \19\ The Manager represents that pre-refunded bonds (also known
as refunded or escrow-secured bonds) have a high level of credit
quality and liquidity because the issuer ``prerefunds'' the bond by
setting aside in advance all or a portion of the amount to be paid
to the bondholders when the bond is called. Generally, an issuer
uses the proceeds from a new bond issue to buy high grade, interest
bearing debt securities, including direct obligations of the U.S.
government, which are then deposited in an irrevocable escrow
account held by a trustee bank to secure all future payments of
principal and interest on the pre-refunded bonds.

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

Application of Generic Listing Requirements
    The Exchange is submitting this proposed rule change because the
portfolios for the Fund will not meet all of the ``generic'' listing
requirements of Commentary .01 to NYSE Arca Rule 8.600-E applicable to
the listing of Managed Fund Shares. The Fund's portfolio will meet all
such requirements except for those set forth in Commentary
.01(b)(1).\20\
---------------------------------------------------------------------------

    \20\ Commentary .01(b)(1) to NYSE Arca Rule 8.600-E provides
that components that in the aggregate account for at least 75% of
the fixed income weight of the portfolio each shall have a minimum
original principal amount outstanding of $100 million or more.
---------------------------------------------------------------------------

    The Exchange believes that it is appropriate and in the public
interest to approve listing and trading of Shares of the Fund on the
Exchange notwithstanding that the Fund would not meet the requirements
of Commentary .01(b)(1) to Rule 8.600-E in that the Fund's investments
in municipal securities will be well-diversified.
    The Exchange believes that permitting Fund Shares to be listed and
traded on the Exchange notwithstanding that less than 75% of the weight
of the Fund's portfolio may consist of components with less than $100
million minimum original principal amount outstanding would provide the
Fund with greater ability to select from a broad range of Municipal
Securities, as described above, that would support the Fund's
investment goal.
    The Exchange believes that, notwithstanding that the Fund's
portfolio may not satisfy Commentary .01(b)(1) to Rule 8.600-E, the
Fund's portfolios will not be susceptible to manipulation. As noted
above, the Fund's investments will be diversified among a minimum of 20
non-affiliated issuers; no single municipal securities issuer will
account for more than 10% of the weight of the Fund's portfolio; no
individual bond will account for more than 5% of the weight of the
Fund's portfolio; the Fund will limit its investments in Municipal
Securities of any one state to 20% of the Fund's total assets and will
be diversified among issuers in at least 10 states; and the Fund will
be diversified among a minimum of five different sectors of the
municipal bond market.
    The Exchange notes that, other than Commentary .01(b)(1) to Rule
8.600-E, the Fund's portfolio will meet all other requirements of Rule
8.600-E.
Trading Halts
    With respect to trading halts, the Exchange may consider all
relevant factors in exercising its discretion to halt or suspend
trading in the Shares of the Fund.\21\ Trading in Shares of the Fund
will be halted if the circuit breaker parameters in NYSE Arca Rule
7.12-E have been reached. Trading also may be halted because of market
conditions or for reasons that, in the view of the Exchange, make
trading in the Shares inadvisable.
---------------------------------------------------------------------------

    \21\ See NYSE Arca Rule 7.12-E, Commentary .04.
---------------------------------------------------------------------------

Trading Rules
    The Exchange deems the Shares to be equity securities, thus
rendering trading in the Shares subject to the Exchange's existing
rules governing the trading of equity securities. Shares will trade on
NYSE Arca from 4 a.m. to 8 p.m., Eastern Time in accordance with NYSE
Arca Rule 7.34-E (Early, Core, and Late Trading Sessions). The Exchange
has appropriate rules to facilitate transactions in the Shares during
all trading sessions. As provided in NYSE Arca Rule 7.6-E, the minimum
price variation (``MPV'') for quoting and entry of orders in equity
securities traded on NYSE Arca is $0.01, with the exception of
securities that are priced less than $1.00 for which the MPV for order
entry is $0.0001.
    The Shares of the Fund will conform to the initial and continued
listing criteria under NYSE Arca Rule 8.600-E. Consistent with NYSE
Arca Rule 8.600-E(d)(2)(B)(ii), the Adviser will implement and
maintain, or be subject to, procedures designed to prevent the use and
dissemination of material non-public information regarding the actual
components of the Fund's portfolio. The Exchange represents that, for
initial and/or continued listing, the Fund will be in compliance with
Rule 10A-3 \22\ under the Act, as provided by NYSE Arca Rule 5.3-E. A
minimum of 100,000 Shares will be outstanding at the commencement of
trading on the Exchange. The Exchange will obtain a representation from
the issuer of the Shares that the NAV per Share will be calculated
daily and that the NAV and the Disclosed Portfolio will be made
available to all market participants at the same time. The Fund's
investments will be consistent with the Fund's investment goal and will
not be used to enhance leverage.
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    \22\ 17 CFR 240.10A-3.
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Surveillance
    The Exchange represents that trading in the Shares will be subject
to the existing trading surveillances, administered by the Financial
Industry Regulatory Authority (``FINRA'') on behalf of the Exchange, or
by regulatory staff of the Exchange, which are designed to detect
violations of Exchange rules and applicable federal securities laws.
The Exchange represents that these procedures are adequate to properly
monitor Exchange trading of the Shares in all trading sessions and to
deter and detect violations of Exchange rules and federal securities
laws applicable to trading on the Exchange.\23\
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    \23\ FINRA conducts cross-market surveillances on behalf of the
Exchange pursuant to a regulatory services agreement. The Exchange
is responsible for FINRA's performance under this regulatory
services agreement.
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    The surveillances referred to above generally focus on detecting
securities trading outside their normal patterns, which could be
indicative of manipulative or other violative activity. When such
situations are detected, surveillance analysis follows and
investigations are opened, where appropriate, to review the behavior of
all relevant parties for all relevant trading violations.\24\
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    \24\ For a list of the current members of ISG, see
www.isgportal.org. The Exchange notes that not all components of the
Disclosed Portfolio may trade on markets that are members of ISG or
with which the Exchange has in place a comprehensive surveillance
sharing agreement.
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    The Exchange or FINRA, on behalf of the Exchange, or both, will
communicate as needed regarding trading in the Shares, ETFs and ETNs
with other markets and other entities that are members of the ISG, and
the Exchange or FINRA, on behalf of the Exchange, or both, may obtain
trading information regarding trading in the Shares, ETFs and ETNs from
such markets and other entities. In addition, the Exchange may obtain
information regarding trading in the Shares, ETFs and ETNs from markets
and other entities that are members of ISG or with which the Exchange
has in place a comprehensive surveillance sharing agreement. In
addition, FINRA, on behalf of the Exchange, is able to access, as
needed, trade information for certain fixed income securities held by
the Fund reported to FINRA's Trade Reporting and Compliance Engine
(``TRACE''). FINRA also can access data obtained from the Municipal
Securities Rulemaking Board (``MSRB'') relating to municipal bond
trading activity for surveillance purposes in connection with trading
in the Shares.
    In addition, the Exchange also has a general policy prohibiting the
distribution of material, non-public information by its employees.

    All statements and representations made in this filing regarding
(a) the description of the portfolio, (b) limitations on portfolio
holdings or reference assets, or (c) or (c) the applicability of
Exchange listing rules specified in this rule filing shall constitute
continued listing requirements for listing the Shares of the Fund on
the Exchange.
    The issuer has represented to the Exchange that it will advise the
Exchange of any failure by the Fund to comply with the continued
listing requirements, and, pursuant to its obligations under Section
19(g)(1) of the Act, the Exchange will monitor for compliance with the
continued listing requirements. If the Fund is not in compliance with
the applicable listing requirements, the Exchange will commence
delisting procedures under NYSE Arca Rule 5.5-E(m).
Information Bulletin
    Prior to the commencement of trading, the Exchange will inform its
Equity Trading Permit Holders in an Information Bulletin (``Bulletin'')
of the special characteristics and risks associated with trading the
Shares. Specifically, the Bulletin will discuss the following: (1) The
procedures for purchases and redemptions of Shares in Creation Unit
aggregations (and that Shares are not individually redeemable); (2)
NYSE Arca Rule 9.2-E(a), which imposes a duty of due diligence on its
Equity Trading Permit Holders to learn the essential facts relating to
every customer prior to trading the Shares; (3) the risks involved in
trading the Shares during the Opening and Late Trading Sessions when an
updated iNAV will not be calculated or publicly disseminated; (4) how
information regarding the iNAV and the Disclosed Portfolio is
disseminated; (5) the requirement that Equity Trading Permit Holders
deliver a prospectus to investors purchasing newly issued Shares prior
to or concurrently with the confirmation of a transaction; and (6)
trading information.
    In addition, the Bulletin will reference that the Fund is subject
to various fees and expenses described in the Registration Statement.
The Bulletin will discuss any exemptive, no-action, and interpretive
relief granted by the Commission from any rules under the Act. The
Bulletin will also disclose that the NAV for the Shares will be
calculated after 4:00 p.m., Eastern Time each trading day.
2. Statutory Basis
    The basis under the Act for this proposed rule change is the
requirement under Section 6(b)(5) \25\ that an exchange have rules that
are designed to prevent fraudulent and manipulative acts and practices,
to promote just and equitable principles of trade, to remove
impediments to, and perfect the mechanism of a free and open market
and, in general, to protect investors and the public interest.
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    \25\ 15 U.S.C. 78f(b)(5).
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    The Exchange believes that the proposed rule change is designed to
prevent fraudulent and manipulative acts and practices in that the
Shares will be listed and traded on the Exchange pursuant to the
initial and continued listing criteria in NYSE Arca Rule 8.600-E. The
Exchange has in place surveillance procedures that are adequate to
properly monitor trading in the Shares in all trading sessions and to
deter and detect violations of Exchange rules and applicable federal
securities laws. The Exchange or FINRA, on behalf of the Exchange, or
both, will communicate as needed regarding trading in the Shares, ETFs
and ETNs with other markets and other entities that are members of the
ISG, and the Exchange or FINRA, on behalf of the Exchange, or both, may
obtain trading information regarding trading in the Shares, ETFs and
ETNs from such markets and other entities. In addition, the Exchange
may obtain information regarding trading in the Shares, ETFs and ETNs
from markets and other entities that are members of ISG or with which
the Exchange has in place a comprehensive surveillance sharing
agreement. In addition, FINRA, on behalf of the Exchange, is able to
access, as needed, trade information for certain fixed income
securities held by the Fund reported to TRACE. FINRA also can access
data obtained from the MSRB relating to municipal bond trading activity
for surveillance purposes in connection with trading in the Shares. The
Fund may not purchase illiquid assets if, in the aggregate, more than
15% of its net assets would be invested in illiquid assets. Neither the
Manager nor Sub-Adviser is a registered broker-dealer but each is
affiliated with a broker-dealer. The Manager and Sub-Adviser each has
implemented a ``fire wall'' with respect to such broker-dealer
affiliate regarding access to information concerning the composition of
and/or changes to the Fund's portfolio.
    The Exchange believes that it is appropriate and in the public
interest to approve listing and trading of Shares of the Fund on the
Exchange notwithstanding that the Fund would not meet the requirements
of Commentary .01(b)(1) to Rule 8.600-E in that the Fund's investments
in municipal securities will be well-diversified. As noted above, the
Fund's investments will be well-diversified in that the Fund will have
a minimum of 20 non-affiliated issuers; no single municipal securities
issuer will account for more than 10% of the weight of the Fund's
portfolio; no individual bond will account for more than 5% of the
weight of the Fund's portfolio; the Fund will limit its investments in
Municipal Securities of any one state to 20% of the Fund's total assets
and will be diversified among issuers in at least 10 states; and the
Fund will be diversified among a minimum of five different sectors of
the municipal bond market.
    The Exchange believes that permitting Fund Shares to be listed and
traded on the Exchange notwithstanding that less than 75% of the weight
of the Fund's portfolio may consist of components with less than $100
million minimum original principal amount outstanding would provide the
Fund with greater ability to select from a broad range of municipal
securities, as described above, that would support the Fund's
investment objective.
    The proposed rule change is designed to promote just and equitable
principles of trade and to protect investors and the public interest in
that the Exchange will obtain a representation from the issuer of the
Shares that the NAV per Share will be calculated daily and that the NAV
and the Disclosed Portfolio will be made available to all market
participants at the same time. In addition, a large amount of
information is publicly available regarding the Fund and the Shares,
thereby promoting market transparency. Quotation and last sale
information for the Shares, ETFs and ETNs will be available via the CTA
high-speed line, and from the national securities exchange on which
they are listed. Prior to the commencement of trading, the Exchange
will inform its Equity Trading Permit Holders in an Information
Bulletin of the special characteristics and risks associated with
trading the Shares. Trading in Shares of the Fund will be halted if the
circuit breaker parameters in NYSE Arca Rule 7.12-E have been reached
or because of market conditions or for reasons that, in the view of the
Exchange, make trading in the Shares inadvisable. Trading in the Shares
will be subject to NYSE Arca Rule 8.600-E(d)(2)(D), which sets forth
circumstances under which Shares of the Fund may be halted. In
addition, as noted above, investors will have ready access to
information regarding the Fund's holdings, the iNAV, the Disclosed
Portfolio, and quotation and last sale information for the Shares.

    The proposed rule change is designed to perfect the mechanism of a
free and open market and, in general, to protect investors and the
public interest in that it will facilitate the listing and trading of
additional types of actively-managed exchange-traded products that
principally hold municipal bonds and that will enhance competition
among market participants, to the benefit of investors and the
marketplace. As noted above, the Exchange has in place surveillance
procedures relating to trading in the Shares and may obtain information
via ISG from other exchanges that are members of ISG or with which the
Exchange has entered into a comprehensive surveillance sharing
agreement. In addition, as noted above, investors will have ready
access to information regarding the Fund's holdings, iNAV, Disclosed
Portfolio, and quotation and last sale information for the Shares.

B. Self-Regulatory Organization's Statement on Burden on Competition

    The Exchange does not believe that the proposed rule change will
impose any burden on competition that is not necessary or appropriate
in furtherance of the purpose of the Act. The Exchange notes that the
proposed rule change will facilitate the listing and trading of an
additional type of actively-managed exchange-traded product that
principally hold municipal bonds and that will enhance competition
among market participants, to the benefit of investors and the
marketplace.

C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others

    No written comments were solicited or received with respect to the
proposed rule change.

III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action

    Within 45 days of the date of publication of this notice in the
Federal Register or within such longer period up to 90 days (i) as the
Commission may designate if it finds such longer period to be
appropriate and publishes its reasons for so finding or (ii) as to
which the self-regulatory organization consents, the Commission will:
    (A) By order approve or disapprove the proposed rule change, or
    (B) institute proceedings to determine whether the proposed rule
change should be disapproved.

IV. Solicitation of Comments

    Interested persons are invited to submit written data, views, and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an email to<EMAIL_ADDRESS>Please include
File Number SR-NYSEArca-2017-90 on the subject line.

Paper Comments

     Send paper comments in triplicate to Secretary, Securities
and Exchange Commission, 100 F Street NE., Washington, DC 20549-1090.

All submissions should refer to File Number SR-NYSEArca-2017-90. This
file number should be included on the subject line if email is used. To
help the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, all
written statements with respect to the proposed rule change that are
filed with the Commission, and all written communications relating to
the proposed rule change between the Commission and any person, other
than those that may be withheld from the public in accordance with the
provisions of 5 U.S.C. 552, will be available for Web site viewing and
printing in the Commission's Public Reference Room, 100 F Street NE.,
Washington, DC 20549, on official business days between the hours of
10:00 a.m. and 3:00 p.m. Copies of the filing also will be available
for inspection and copying at the principal office of the Exchange. All
comments received will be posted without change; the Commission does
not edit personal identifying information from submissions. You should
submit only information that you wish to make available publicly. All
submissions should refer to File Number SR-NYSEArca-2017-90, and should
be submitted on or before September 27, 2017.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\26\
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    \26\ 17 CFR 200.30-3(a)(12).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-18799 Filed 9-5-17; 8:45 am]
 BILLING CODE 8011-01-P