Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To Extend the Implementation Date For Certain Changes to Exchange Rules 14.11 and 14.12, 39473-39475 [2017-17432]

Download as PDF Federal Register / Vol. 82, No. 159 / Friday, August 18, 2017 / Notices of the purposes of the Act. The proposed rule change is not designed to address any competitive issue but rather would provide members and other market participants with information about when Nasdaq will utilize its Secondary Source of data. The Exchange believes that this change will increase transparency around the operation of the Exchange without any significant impact on competition. 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 Because the foregoing proposed rule change does not: (i) Significantly affect the protection of investors or the public interest; (ii) impose any significant burden on competition; and (iii) become operative for 30 days from the date on which it was filed, or such shorter time as the Commission may designate, it has become effective pursuant to Section 19(b)(3)(A)(iii) of the Act 11 and subparagraph (f)(6) of Rule 19b–4 thereunder.12 A proposed rule change filed pursuant to Rule 19b–4(f)(6) under the Act 13 normally does not become operative for 30 days after the date of its filing. However, Rule 19b–4(f)(6)(iii) 14 permits the Commission to designate a shorter time if such action is consistent with the protection of investors and the public interest. The Exchange has asked the Commission to waive the 30-day operative delay. The Commission believes that waiving the 30-day operative delay is consistent with the protection of investors and the public interest as it will allow the Exchange to clarify the conditions under which the Secondary Source of data may be elected and increase transparency of the operation of the Exchange. Accordingly, the Commission hereby waives the operative delay and designates the proposal operative upon filing.15 11 15 U.S.C. 78s(b)(3)(A)(iii). CFR 240.19b–4(f)(6). In addition, Rule 19b– 4(f)(6) requires a self-regulatory organization to give the Commission written notice of its intent to file the proposed rule change, along with a brief description and the text of the proposed rule change, at least five business days prior to the date of filing of the proposed rule change, or such shorter time as designated by the Commission. The Exchange has satisfied this requirement. 13 17 CFR 240.19b–4(f)(6). 14 17 CFR 240.19b–4(f)(6)(iii). 15 For purposes only of waiving the 30-day operative delay, the Commission has also mstockstill on DSK30JT082PROD with NOTICES 12 17 VerDate Sep<11>2014 17:47 Aug 17, 2017 Jkt 241001 At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is: (i) Necessary or appropriate in the public interest; (ii) for the protection of investors; or (iii) otherwise in furtherance of the purposes of the Act. If the Commission takes such action, the Commission shall institute proceedings to determine whether the proposed rule should be approved or 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 (https://www.sec.gov/ rules/sro.shtml); or • Send an email to rule-comments@ sec.gov. Please include File Number SR– NASDAQ–2017–082 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–NASDAQ–2017–082. 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 the filing also will be available for inspection and copying at the principal considered the proposed rule’s impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). PO 00000 Frm 00070 Fmt 4703 Sfmt 4703 39473 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– NASDAQ–2017–082 and should be submitted on or before September 8, 2017. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.16 Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017–17435 Filed 8–17–17; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–81387; File No. SRBatsBZX–2017–50] Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To Extend the Implementation Date For Certain Changes to Exchange Rules 14.11 and 14.12 August 14, 2017. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on July 31, 2017, Bats BZX Exchange, Inc. (‘‘Exchange’’ or ‘‘BZX’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change as described in Items I and II below, which Items have been prepared by the Exchange. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange filed a proposal to extend the date on which certain changes to Exchange Rules 14.11 and 14.12 would be implemented. The text of the proposed rule change is available at the Exchange’s Web site at www.bats.com, at the principal office of the Exchange, and at the Commission’s Public Reference Room. 16 17 CFR 200.30–3(a)(12). U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 1 15 E:\FR\FM\18AUN1.SGM 18AUN1 39474 Federal Register / Vol. 82, No. 159 / Friday, August 18, 2017 / Notices 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 Exchange 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 these 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. mstockstill on DSK30JT082PROD with NOTICES (A) Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose On November 18, 2016 the Exchange filed a proposed rule change, as subsequently amended by Amendments No. 1 and 2 thereto (as amended, the ‘‘Proposed Rule Change’’), to adopt certain changes to Exchange Rules 14.11 and 14.12 to add additional continued listing standards for exchange-traded products (‘‘ETP’’) as well as clarify the procedures that the Exchange will undertake when an ETP is noncompliant with applicable rules. Given the scope of the amendments specified in the Proposed Rule Change, the Exchange proposed that such amendments not be implemented until October 1, 2017. On March 7, 2017, the Commission granted approval of the Proposed Rule Change, including the October 1, 2017 implementation date. The Exchange now proposes to extend the implementation date of the amendments specified in the Proposed Rule Change to July 1, 2018.3 Since the Proposed Rule Change was approved, the Exchange has engaged in extensive conversations with issuers of listed ETPs, industry advocacy groups and index providers to discuss the new rule requirements and offer guidance on rule interpretation and application. As a result of these conversations, ETP issuers have expressed concern about their ability to have in place systems and procedures to ensure compliance by the current October 1, 2017 implementation date. In particular, listed ETP issuers, and industry advocacy groups on their behalf, have explained that issuers will require time to design and test new compliance systems as well as engage in discussions 3 See Securities Exchange Act Release No. 80169 (March 7, 2017), 82 FR 13536 (March 13, 2017) (SRBatsBZX–2016–80). VerDate Sep<11>2014 17:47 Aug 17, 2017 Jkt 241001 with third-party providers to source and track new data elements required for rule compliance.4 The Exchange believes it is appropriate to extend the implementation date of the Proposed Rule Change to July 1, 2018 to provide listed ETP issuers with the time needed to develop and test their compliance procedures. In support of its proposal, the Exchange notes that the Proposed Rule Change imposes significant new compliance requirements on issuers that they have not been subject to previously. To meet these new compliance requirements, issuers must develop internal systems as well as coordinate with third-party service providers, such as index providers, to develop procedures by which they can obtain essential data. Listed issuers have informed the Exchange that they are unable to complete this extensive project by the pending October 1, 2017 implementation date. The Exchange believes that it is critical for listed ETP issuers to have the appropriate procedures and systems in place to monitor and evidence ETP compliance with the new continued listing rules before such rules are implemented. Therefore, the Exchange proposes to extend the implementation date for the Proposed Rule Change until July 1, 2018. 2. Statutory Basis The Exchange believes that the proposal is consistent with Section 6(b) of the Act 5 in general and Section 6(b)(5) of the Act 6 in particular in that it is designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in facilitating transactions in securities, to remove impediments to and perfect the mechanism of a free and open market and a national market system and, in general, to protect investors and the public interest. The Exchange believes that the proposed amendment is consistent with the protection of investors because it will enable listed issuers to have the systems and procedures needed to monitor and evidence compliance with the Proposed Rule Change prior to such rule being implemented. Providing 4 See, for example, Letter, dated July 11, 2017, from Dorothy Donohue, Acting General Counsel, Investment Company Institute to Brent J. Fields, Secretary, Securities and Exchange Commission, available at https://www.sec.gov/comments/srnasdaq-2016-135/nasdaq2016135-1846208155175.pdf. 5 15 U.S.C. 78f [sic]. 6 15 U.S.C. 78f(b)(5). PO 00000 Frm 00071 Fmt 4703 Sfmt 4703 listed issuers with additional time to ensure that they have adequate compliance systems in place furthers the protection of investors and the public interest because it will enhance investor confidence that listed issuers are complying with Exchange rules. For the above reasons, the Exchange believes that the proposed rule change is consistent with the requirements of Section 6(b)(5) of the Act. (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 listed ETP issuers’ ability to monitor and evidence compliance with approved continued listing rules by providing issuers with additional time to develop and test their internal systems and procedures prior to the implementation date. (C) Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants or Others The Exchange received a copy of a letter from the Investment Company Institute, on behalf of listed ETP issuers, to the Securities Exchange [sic] Commission.7 As described in Item 3 [sic], above, the Investment Company Institute detailed challenges that listed ETP issuers are facing in developing compliance systems to address the amendments contained in the Proposed Rule Change and have requested that the implementation date for such amendments be extended to July 1, 2018. 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. 7 See E:\FR\FM\18AUN1.SGM Footnote 4, infra. [sic] 18AUN1 Federal Register / Vol. 82, No. 159 / Friday, August 18, 2017 / Notices IV. Solicitation of Comments Interested persons are invited to submit written data, views and arguments concerning the foregoing, including whether the proposal is consistent with the Act. Comments may be submitted by any of the following methods: • 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 No. SR– BatsBZX–2017–50 on the subject line. Paper Comments mstockstill on DSK30JT082PROD with NOTICES • 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 No. SR–BatsBZX–2017–50. 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 will also 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 No. SR–BatsBZX– 2017–50 and should besubmitted on or before September 8, 2017. CFR 200.30–3(a)(12). VerDate Sep<11>2014 17:47 Aug 17, 2017 [FR Doc. 2017–17432 Filed 8–17–17; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION Electronic Comments 8 17 For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.8 Eduardo A. Aleman, Assistant Secretary. Jkt 241001 Submission for OMB Review; Comment Request Upon Written Request, Copies Available From: Securities and Exchange Commission, Office of FOIA Services, 100 F Street NE., Washington, DC 20549–2736. Extension: Electronic Data Collection System, SEC File No. 270–621, OMB Control No. 3235–0672 Notice is hereby given that, pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange Commission (‘‘Commission’’) is soliciting comments on the collection of information summarized below. The Commission plans to submit an extension for this current collection of information to the Office of Management and Budget for approval. The Commission invites comment on updates to its Electronic Data Collection System database (the Database), which will support information provided by members of the public who would like to file an online tip, complaint or referral (TCR) to the Commission. The Database will be a web based e-filed dynamic report based on technology that pre-populates and establishes a series of questions based on the data that the individual enters. The individual will then complete specific information on the subject(s) and nature of the suspicious activity, using the data elements appropriate to the type of complaint or subject. The information collection is voluntary. The public interface to the Database will be available using the agency’s Web site, www.sec.gov. The Commission estimates that it takes a complainant, on average, 30 minutes to submit a TCR through the Database. Based on the receipt of an average of approximately 16,000 annual TCRs for the past three fiscal years, the Commission estimates that the annual reporting burden is 8,000 hours. Written comments are invited on: (a) Whether this collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have PO 00000 Frm 00072 Fmt 4703 Sfmt 4703 39475 practical utility; (b) the accuracy of the agency’s estimate of the burden imposed by the collection of information; (c) ways to enhance the quality, utility, and clarity of the information collected; and (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology. Background documentation for this information collection may be viewed at the following Web site: www.reginfo.gov. Comments should be directed to: (i) Desk Officer for the Securities and Exchange Commission, Office of Information and Regulatory Affairs, Office of Management and Budget, Room 10102, New Executive Office Building, Washington, DC 20503, or by sending an email to: Shagufta_ Ahmed@omb.eop.gov; and (ii) Pamela Dyson, Director/Chief Information Officer, Securities and Exchange Commission, c/o Remi Pavlik-Simon, 100 F St. NE., Washington, DC 20549 or send an email to: PRA_Mailbox@ sec.gov. Comments must be submitted to OMB within 30 days of this notice. Dated: August 15, 2017. Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017–17503 Filed 8–17–17; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Investment Company Act Release No. 32778; File No. 812–14748] Advanced Series Trust, et al. August 15, 2017. Securities and Exchange Commission (‘‘Commission’’). ACTION: Notice. AGENCY: Notice of an application for an order under section 12(d)(1)(J) of the Investment Company Act of 1940 (the ‘‘Act’’) for an exemption from sections 12(d)(1)(A), (B), and (C) of the Act and under sections 6(c) and 17(b) of the Act for an exemption from sections 17(a)(1) and (2) of the Act. The requested order would permit certain registered openend investment companies to acquire shares of certain registered open-end investment companies, registered closed-end investment companies, and business development companies, as defined in section 2(a)(48) of the Act (‘‘BDCs’’) and registered unit investment trusts (collectively, ‘‘Underlying Funds’’), that are within and outside the same group of investment companies as the acquiring investment companies, in E:\FR\FM\18AUN1.SGM 18AUN1

Agencies

[Federal Register Volume 82, Number 159 (Friday, August 18, 2017)]
[Notices]
[Pages 39473-39475]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-17432]



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



SECURITIES AND EXCHANGE COMMISSION



[Release No. 34-81387; File No. SR-BatsBZX-2017-50]




Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Notice of 

Filing of a Proposed Rule Change To Extend the Implementation Date For 

Certain Changes to Exchange Rules 14.11 and 14.12



August 14, 2017.

    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 

(``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that 

on July 31, 2017, Bats BZX Exchange, Inc. (``Exchange'' or ``BZX'') 

filed with the Securities and Exchange Commission (``Commission'') the 

proposed rule change as described in Items I and II below, which Items 

have been prepared by the Exchange. 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\ 17 CFR 240.19b-4.

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



I. Self-Regulatory Organization's Statement of the Terms of Substance 

of the Proposed Rule Change



    The Exchange filed a proposal to extend the date on which certain 

changes to Exchange Rules 14.11 and 14.12 would be implemented.

    The text of the proposed rule change is available at the Exchange's 

Web site at www.bats.com, at the principal office of the Exchange, and 

at the Commission's Public Reference Room.



[[Page 39474]]



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 Exchange 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 these 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 

Statutory Basis for, the Proposed Rule Change



1. Purpose

    On November 18, 2016 the Exchange filed a proposed rule change, as 

subsequently amended by Amendments No. 1 and 2 thereto (as amended, the 

``Proposed Rule Change''), to adopt certain changes to Exchange Rules 

14.11 and 14.12 to add additional continued listing standards for 

exchange-traded products (``ETP'') as well as clarify the procedures 

that the Exchange will undertake when an ETP is noncompliant with 

applicable rules. Given the scope of the amendments specified in the 

Proposed Rule Change, the Exchange proposed that such amendments not be 

implemented until October 1, 2017. On March 7, 2017, the Commission 

granted approval of the Proposed Rule Change, including the October 1, 

2017 implementation date. The Exchange now proposes to extend the 

implementation date of the amendments specified in the Proposed Rule 

Change to July 1, 2018.\3\

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



    \3\ See Securities Exchange Act Release No. 80169 (March 7, 

2017), 82 FR 13536 (March 13, 2017) (SR-BatsBZX-2016-80).

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



    Since the Proposed Rule Change was approved, the Exchange has 

engaged in extensive conversations with issuers of listed ETPs, 

industry advocacy groups and index providers to discuss the new rule 

requirements and offer guidance on rule interpretation and application. 

As a result of these conversations, ETP issuers have expressed concern 

about their ability to have in place systems and procedures to ensure 

compliance by the current October 1, 2017 implementation date. In 

particular, listed ETP issuers, and industry advocacy groups on their 

behalf, have explained that issuers will require time to design and 

test new compliance systems as well as engage in discussions with 

third-party providers to source and track new data elements required 

for rule compliance.\4\

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



    \4\ See, for example, Letter, dated July 11, 2017, from Dorothy 

Donohue, Acting General Counsel, Investment Company Institute to 

Brent J. Fields, Secretary, Securities and Exchange Commission, 

available at https://www.sec.gov/comments/sr-nasdaq-2016-135/nasdaq2016135-1846208-155175.pdf.

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



    The Exchange believes it is appropriate to extend the 

implementation date of the Proposed Rule Change to July 1, 2018 to 

provide listed ETP issuers with the time needed to develop and test 

their compliance procedures. In support of its proposal, the Exchange 

notes that the Proposed Rule Change imposes significant new compliance 

requirements on issuers that they have not been subject to previously. 

To meet these new compliance requirements, issuers must develop 

internal systems as well as coordinate with third-party service 

providers, such as index providers, to develop procedures by which they 

can obtain essential data. Listed issuers have informed the Exchange 

that they are unable to complete this extensive project by the pending 

October 1, 2017 implementation date. The Exchange believes that it is 

critical for listed ETP issuers to have the appropriate procedures and 

systems in place to monitor and evidence ETP compliance with the new 

continued listing rules before such rules are implemented. Therefore, 

the Exchange proposes to extend the implementation date for the 

Proposed Rule Change until July 1, 2018.

2. Statutory Basis

    The Exchange believes that the proposal is consistent with Section 

6(b) of the Act \5\ in general and Section 6(b)(5) of the Act \6\ in 

particular in that it is designed to prevent fraudulent and 

manipulative acts and practices, to promote just and equitable 

principles of trade, to foster cooperation and coordination with 

persons engaged in facilitating transactions in securities, to remove 

impediments to and perfect the mechanism of a free and open market and 

a national market system and, in general, to protect investors and the 

public interest.

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



    \5\ 15 U.S.C. 78f [sic].

    \6\ 15 U.S.C. 78f(b)(5).

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



    The Exchange believes that the proposed amendment is consistent 

with the protection of investors because it will enable listed issuers 

to have the systems and procedures needed to monitor and evidence 

compliance with the Proposed Rule Change prior to such rule being 

implemented. Providing listed issuers with additional time to ensure 

that they have adequate compliance systems in place furthers the 

protection of investors and the public interest because it will enhance 

investor confidence that listed issuers are complying with Exchange 

rules.

    For the above reasons, the Exchange believes that the proposed rule 

change is consistent with the requirements of Section 6(b)(5) of the 

Act.



(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 listed ETP issuers' ability to 

monitor and evidence compliance with approved continued listing rules 

by providing issuers with additional time to develop and test their 

internal systems and procedures prior to the implementation date.



(C) Self-Regulatory Organization's Statement on Comments on the 

Proposed Rule Change Received From Members, Participants or Others



    The Exchange received a copy of a letter from the Investment 

Company Institute, on behalf of listed ETP issuers, to the Securities 

Exchange [sic] Commission.\7\ As described in Item 3 [sic], above, the 

Investment Company Institute detailed challenges that listed ETP 

issuers are facing in developing compliance systems to address the 

amendments contained in the Proposed Rule Change and have requested 

that the implementation date for such amendments be extended to July 1, 

2018.

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



    \7\ See Footnote 4, infra. [sic]

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



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.



[[Page 39475]]



IV. Solicitation of Comments



    Interested persons are invited to submit written data, views and 

arguments concerning the foregoing, including whether the proposal is 

consistent with the Act. Comments may be submitted by any of the 

following methods:



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 No. SR-BatsBZX-2017-50 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 No. SR-BatsBZX-2017-50. 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 will also 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 No. SR-BatsBZX-2017-50 and should be 

submitted on or before September 8, 2017.

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



    \8\ 17 CFR 200.30-3(a)(12).



    For the Commission, by the Division of Trading and Markets, 

pursuant to delegated authority.\8\

Eduardo A. Aleman,

Assistant Secretary.

[FR Doc. 2017-17432 Filed 8-17-17; 8:45 am]

BILLING CODE 8011-01-P
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