Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, to BZX Rule 14.11(e)(4), Commodity-Based Trust Shares, to List and Trade Winklevoss Bitcoin Shares Issued by the Winklevoss Bitcoin Trust, 2425-2426 [2017-00101]
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<![CDATA[
Federal Register / Vol. 82, No. 5 / Monday, January 9, 2017 / Notices
The Exchange believes that the
changes to the noted rules in the Series
500 Rules will make remaining Rules
501, 507, 508, and 510 easier to apply,
clearer and more transparent. Such
proposed changes are in consistent with
the Act, the public interest, and
continue to serve to protect investors.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange does not believe that
the proposed rule change will result in
any burden on competition that is not
necessary or appropriate in furtherance
of the purposes of the Act, as amended.
While the Exchange does not believe
that the proposed change is a burden on
competition, or is competitive in nature,
the Exchange believes that clearer,
updated, modernized, and betterconforming rules that do not refer to
obsolete concepts are always beneficial
to market participants, are in the public
interest, and serve to protect investors.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
No written comments were either
solicited or received.
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 (i)
as the Commission may designate up to
90 days of such date if it finds such
longer period to be appropriate and
publishes its reasons for so finding or
(ii) as to which the Exchange consents,
the Commission shall: (a) By order
approve or disapprove such proposed
rule change, or (b) institute proceedings
to determine whether the proposed rule
change should be disapproved.
IV. Solicitation of Comments
sradovich on DSK3GMQ082PROD with NOTICES
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:
Paper Comments
• Send paper comments in triplicate
to Brent J. Fields, Secretary, Securities
and Exchange Commission, 100 F Street
NE., Washington, DC 20549–1090.
All submissions should refer to File
Number SR–Phlx–2016–105. 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 (https://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 such
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–Phlx–
2016–105, and should be submitted on
or before January 30, 2017.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.47
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017–00100 Filed 1–6–17; 8:45 am]
BILLING CODE 8011–01–P
Electronic Comments
• Use the Commission’s Internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an email to rule-comments@
sec.gov. Please include File Number SR–
Phlx–2016–105 on the subject line.
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CFR 200.30–3(a)(12).
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2425
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–79725; File No. SR–
BatsBZX–2016–30]
Self-Regulatory Organizations; Bats
BZX Exchange, Inc.; Notice of
Designation of a Longer Period for
Commission Action on Proceedings to
Determine Whether to Approve or
Disapprove a Proposed Rule Change,
as Modified by Amendment No. 1, to
BZX Rule 14.11(e)(4), CommodityBased Trust Shares, to List and Trade
Winklevoss Bitcoin Shares Issued by
the Winklevoss Bitcoin Trust
January 4, 2017.
On June 30, 2016, Bats BZX Exchange,
Inc. filed with the Securities and
Exchange Commission (‘‘Commission’’),
pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a
proposed rule change to list and trade
Winklevoss Bitcoin Shares issued by the
Winklevoss Bitcoin Trust under BZX
Rule 14.11(e)(4). The proposed rule
change was published for comment in
the Federal Register on July 14, 2016.3
On August 23, 2016, pursuant to
Section 19(b)(2) of the Act,4 the
Commission designated a longer period
within which to approve the proposed
rule change, disapprove the proposed
rule change, or institute proceedings to
determine whether to disapprove the
proposed rule change.5 On October 12,
2016, the Commission instituted
proceedings under Section 19(b)(2)(B) of
the Act 6 to determine whether to
approve or disapprove the proposed
rule change.7 On October 20, 2016, the
Exchange filed Amendment No. 1 to the
proposed rule change, and Amendment
No. 1 was published for comment in the
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 78262
(Jul. 8, 2016), 81 FR 45554.
4 15 U.S.C. 78s(b)(2).
5 See Securities Exchange Act Release No. 78653,
81 FR 59256 (Aug. 29, 2016). The Commission
designated October 12, 2016, as the date by which
it should approve, disapprove, or institute
proceedings to determine whether to disapprove the
proposed rule change.
6 15 U.S.C. 78s(b)(2)(B).
7 See Securities Exchange Act Release No. 79084,
81 FR 71778 (Oct. 18, 2016). Specifically, the
Commission instituted proceedings to allow for
additional analysis of the proposed rule change’s
consistency with Section 6(b)(5) of the Act, which
requires, among other things, that the rules of a
national securities exchange be ‘‘designed to
prevent fraudulent and manipulative acts and
practices, to promote just and equitable principles
of trade,’’ and ‘‘to protect investors and the public
interest.’’ See id., 81 FR at 71781.
2 17
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09JAN1
2426
Federal Register / Vol. 82, No. 5 / Monday, January 9, 2017 / Notices
Federal Register on November 3, 2016.8
The Commission has received 30
comment letters on the proposed rule
change.9
Section 19(b)(2) of the Act 10 provides
that, after initiating disapproval
proceedings, the Commission shall issue
an order approving or disapproving the
proposed rule change not later than 180
days after the date of publication of
notice of filing of the proposed rule
change. The Commission may extend
the period for issuing an order
approving or disapproving the proposed
rule change by not more than 60 days
if the Commission determines that a
longer period is appropriate and
publishes the reasons for such
determination. The proposed rule
change was published for notice and
comment in the Federal Register on July
14, 2016. January 10, 2017 is 180 days
from that date, and March 11, 2017 is
240 days from that date.
The Commission finds it appropriate
to designate a longer period within
which to issue an order approving or
disapproving the proposed rule change
so that it has sufficient time to consider
this proposed rule change. Accordingly,
the Commission, pursuant to Section
19(b)(2) of the Act,11 designates March
11, 2017 as the date by which the
Commission should either approve or
disapprove the proposed rule change
(File No. SR–BatsBZX–2016–30), as
modified by Amendment No. 1.
sradovich on DSK3GMQ082PROD with NOTICES
8 See
Securities Exchange Act Release No. 79183
(Oct. 28, 2016), 81 FR 76650 (Nov. 3, 2016).
9 See Letters from Robert D. Miller, VP Technical
Services, RKL eSolutions (July 11, 2016); Jorge
Stolfi, Full Professor, Institute of Computing
UNICAMP (July 13, 2016); Guillaume Lethuillier
(July 26, 2016); Michael B. Casey (July 31, 2016);
Erik A. Aronesty, Sr. Software Engineer, Bloomberg
LP (Aug. 2, 2016); Dan Anderson (Aug. 27, 2016);
Robert Miller (Oct. 12, 2016); Lysle Shaw-McMinn,
O.D. (Oct. 13, 2016); Nils Neidhardt (Oct. 13, 2016);
Dana K. Barish (2 letters; Oct. 13, 2016); Xin Lu
(Oct. 13, 2016); Rodger Delehanty CFA (Oct. 14,
2016); Dylan (Oct. 14, 2016); Dana K. Barish (Oct.
14, 2016); Dana K. Barish (2 letters; Oct. 15, 2016);
Jorge Stolfi, Full Professor, Institute of Computing
UNICAMP (Nov. 1, 2016); Michael B. Casey (Nov.
5, 2016); Anonymous (Nov. 8, 2016); Chris
Burniske, Blockchain Products Lead, ARK
Investment Management LLC (Nov. 8, 2016); Colin
Keeler (Nov. 14, 2016); Robert S. Tull, (Nov. 14,
2016); Mark T. Williams (Nov. 15, 2016);
Anonymous (Nov. 21, 2016); XBT OPPS Team (Nov.
21, 2016); Anonymous (Nov. 22, 2016); Ken Maher
(Nov. 22, 2016); Kyle Murray, Assistant General
Counsel, Bats Global Markets, Inc. (Nov. 25, 2016);
and Colin Baird (Nov. 26, 2016). All comments on
the proposed rule change are available on the
Commission’s Web site at: https://www.sec.gov/
comments/sr-batsbzx-2016-30/batsbzx
201630.shtml.
10 15 U.S.C. 78s(b)(2).
11 Id.
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For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.12
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017–00101 Filed 1–6–17; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–79726; File No. SR–
NYSEArca–2016–101]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Designation of a
Longer Period for Commission Action
on Proceedings To Determine Whether
To Approve or Disapprove a Proposed
Rule Change Relating to the Listing
and Trading of Shares of SolidX
Bitcoin Trust Under NYSE Arca
Equities Rule 8.201
January 3, 2017.
On July 13, 2016, NYSE Arca, Inc.
filed with the Securities and Exchange
Commission (‘‘Commission’’), pursuant
to Section 19(b)(1) of the Securities
Exchange Act of 1934 (‘‘Act’’) 1 and Rule
19b–4 thereunder,2 a proposed rule
change to list and trade shares of the
SolidX Bitcoin Trust under NYSE Arca
Equities Rule 8.201. The proposed rule
change was published for comment in
the Federal Register on August 2, 2016.3
On September 6, 2016, pursuant to
Section 19(b)(2) of the Act,4 the
Commission designated a longer period
within which to approve the proposed
rule change, disapprove the proposed
rule change, or institute proceedings to
determine whether to disapprove the
proposed rule change.5 On October 27,
2016, the Commission instituted
proceedings to determine whether to
approve or disapprove the proposed
rule change.6 The Commission has
received seven comments on the
proposed rule change.7
CFR 200.30–3(a)(57).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 See Securities Exchange Act Release No. 78426
(Jul. 27, 2016), 81 FR 50763 (Aug. 2, 2016).
4 15 U.S.C. 78s(b)(2).
5 See Securities Exchange Act Release No. 78770,
81 FR 62780 (Sept. 12, 2016).
6 See Securities Exchange Act Release No. 79171,
81 FR 76400 (Nov. 2, 2016). Specifically, the
Commission instituted proceedings to allow for
additional analysis of the proposed rule change’s
consistency with Section 6(b)(5) of the Act, which
requires, among other things, that the rules of a
national securities exchange be ‘‘designed to
prevent fraudulent and manipulative acts and
practices, to promote just and equitable principles
of trade,’’ and ‘‘to protect investors and the public
interest.’’ See id. at 76401.
7 See Letters from Daniel H. Gallancy, CFA,
SolidX Management LLP (Nov. 23, 2016); Thaya B.
Section 19(b)(2) of the Act 8 provides
that, after initiating disapproval
proceedings, the Commission shall issue
an order approving or disapproving the
proposed rule change not later than 180
days after the date of publication of
notice of filing of the proposed rule
change. The Commission may extend
the period for issuing an order
approving or disapproving the proposed
rule change by not more than 60 days
if the Commission determines that a
longer period is appropriate and
publishes the reasons for such
determination. The proposed rule
change was published for notice and
comment in the Federal Register on
August 2, 2016. January 29, 2017 is 180
days from that date, and March 30, 2017
is 240 days from that date.
The Commission finds it appropriate
to designate a longer period within
which to issue an order approving or
disapproving the proposed rule change
so that it has sufficient time to consider
this proposed rule change. Accordingly,
the Commission, pursuant to Section
19(b)(2) of the Act,9 designates March
30, 2017 as the date by which the
Commission should either approve or
disapprove the proposed rule change
(File No. SR–NYSEArca–2016–101).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.10
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017–00102 Filed 1–6–17; 8:45 am]
BILLING CODE 8011–01–P
12 17
1 15
PO 00000
Frm 00118
Fmt 4703
Sfmt 9990
Knight, Associate Director, Financial Regulation
Studies, The Cato Institute (Dec. 1, 2016); Jerry
Brito, Executive Director, Coin Center (Dec. 7,
2016); Joseph Colangelo, President, Consumers’
Research (Dec. 7, 2016); Denise Krisko, CFA,
President and Co-Founder, Vident Investment
Advisory, LLC (Dec. 7, 2016); Balaji Srinivasan,
Chief Executive Officer & Cofounder, 21, et al. (Dec.
7, 2016); and Ken I. Maher (Dec. 8, 2016). All
comments on the proposed rule change are
available on the Commission’s Web site at: https://
www.sec.gov/comments/sr-nysearca-2016-101/
nysearca2016101.shtml.
8 15 U.S.C. 78s(b)(2).
9 Id.
10 17 CFR 200.30–3(a)(57).
E:\FR\FM\09JAN1.SGM
09JAN1
]]>Agencies
[Federal Register Volume 82, Number 5 (Monday, January 9, 2017)]
[Notices]
[Pages 2425-2426]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-00101]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-79725; File No. SR-BatsBZX-2016-30]
Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Notice of
Designation of a Longer Period for Commission Action on Proceedings to
Determine Whether to Approve or Disapprove a Proposed Rule Change, as
Modified by Amendment No. 1, to BZX Rule 14.11(e)(4), Commodity-Based
Trust Shares, to List and Trade Winklevoss Bitcoin Shares Issued by the
Winklevoss Bitcoin Trust
January 4, 2017.
On June 30, 2016, Bats BZX Exchange, Inc. filed with the Securities
and Exchange Commission (``Commission''), pursuant to Section 19(b)(1)
of the Securities Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4
thereunder,\2\ a proposed rule change to list and trade Winklevoss
Bitcoin Shares issued by the Winklevoss Bitcoin Trust under BZX Rule
14.11(e)(4). The proposed rule change was published for comment in the
Federal Register on July 14, 2016.\3\
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 78262 (Jul. 8,
2016), 81 FR 45554.
---------------------------------------------------------------------------
On August 23, 2016, pursuant to Section 19(b)(2) of the Act,\4\ the
Commission designated a longer period within which to approve the
proposed rule change, disapprove the proposed rule change, or institute
proceedings to determine whether to disapprove the proposed rule
change.\5\ On October 12, 2016, the Commission instituted proceedings
under Section 19(b)(2)(B) of the Act \6\ to determine whether to
approve or disapprove the proposed rule change.\7\ On October 20, 2016,
the Exchange filed Amendment No. 1 to the proposed rule change, and
Amendment No. 1 was published for comment in the
[[Page 2426]]
Federal Register on November 3, 2016.\8\ The Commission has received 30
comment letters on the proposed rule change.\9\
---------------------------------------------------------------------------
\4\ 15 U.S.C. 78s(b)(2).
\5\ See Securities Exchange Act Release No. 78653, 81 FR 59256
(Aug. 29, 2016). The Commission designated October 12, 2016, as the
date by which it should approve, disapprove, or institute
proceedings to determine whether to disapprove the proposed rule
change.
\6\ 15 U.S.C. 78s(b)(2)(B).
\7\ See Securities Exchange Act Release No. 79084, 81 FR 71778
(Oct. 18, 2016). Specifically, the Commission instituted proceedings
to allow for additional analysis of the proposed rule change's
consistency with Section 6(b)(5) of the Act, which requires, among
other things, that the rules of a national securities exchange be
``designed to prevent fraudulent and manipulative acts and
practices, to promote just and equitable principles of trade,'' and
``to protect investors and the public interest.'' See id., 81 FR at
71781.
\8\ See Securities Exchange Act Release No. 79183 (Oct. 28,
2016), 81 FR 76650 (Nov. 3, 2016).
\9\ See Letters from Robert D. Miller, VP Technical Services,
RKL eSolutions (July 11, 2016); Jorge Stolfi, Full Professor,
Institute of Computing UNICAMP (July 13, 2016); Guillaume
Lethuillier (July 26, 2016); Michael B. Casey (July 31, 2016); Erik
A. Aronesty, Sr. Software Engineer, Bloomberg LP (Aug. 2, 2016); Dan
Anderson (Aug. 27, 2016); Robert Miller (Oct. 12, 2016); Lysle Shaw-
McMinn, O.D. (Oct. 13, 2016); Nils Neidhardt (Oct. 13, 2016); Dana
K. Barish (2 letters; Oct. 13, 2016); Xin Lu (Oct. 13, 2016); Rodger
Delehanty CFA (Oct. 14, 2016); Dylan (Oct. 14, 2016); Dana K. Barish
(Oct. 14, 2016); Dana K. Barish (2 letters; Oct. 15, 2016); Jorge
Stolfi, Full Professor, Institute of Computing UNICAMP (Nov. 1,
2016); Michael B. Casey (Nov. 5, 2016); Anonymous (Nov. 8, 2016);
Chris Burniske, Blockchain Products Lead, ARK Investment Management
LLC (Nov. 8, 2016); Colin Keeler (Nov. 14, 2016); Robert S. Tull,
(Nov. 14, 2016); Mark T. Williams (Nov. 15, 2016); Anonymous (Nov.
21, 2016); XBT OPPS Team (Nov. 21, 2016); Anonymous (Nov. 22, 2016);
Ken Maher (Nov. 22, 2016); Kyle Murray, Assistant General Counsel,
Bats Global Markets, Inc. (Nov. 25, 2016); and Colin Baird (Nov. 26,
2016). All comments on the proposed rule change are available on the
Commission's Web site at: https://www.sec.gov/comments/sr-batsbzx-2016-30/batsbzx201630.shtml.
---------------------------------------------------------------------------
Section 19(b)(2) of the Act \10\ provides that, after initiating
disapproval proceedings, the Commission shall issue an order approving
or disapproving the proposed rule change not later than 180 days after
the date of publication of notice of filing of the proposed rule
change. The Commission may extend the period for issuing an order
approving or disapproving the proposed rule change by not more than 60
days if the Commission determines that a longer period is appropriate
and publishes the reasons for such determination. The proposed rule
change was published for notice and comment in the Federal Register on
July 14, 2016. January 10, 2017 is 180 days from that date, and March
11, 2017 is 240 days from that date.
---------------------------------------------------------------------------
\10\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------
The Commission finds it appropriate to designate a longer period
within which to issue an order approving or disapproving the proposed
rule change so that it has sufficient time to consider this proposed
rule change. Accordingly, the Commission, pursuant to Section 19(b)(2)
of the Act,\11\ designates March 11, 2017 as the date by which the
Commission should either approve or disapprove the proposed rule change
(File No. SR-BatsBZX-2016-30), as modified by Amendment No. 1.
---------------------------------------------------------------------------
\11\ Id.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\12\
---------------------------------------------------------------------------
\12\ 17 CFR 200.30-3(a)(57).
---------------------------------------------------------------------------
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-00101 Filed 1-6-17; 8:45 am]
BILLING CODE 8011-01-P
