Self-Regulatory Organizations; Cboe EDGX 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 To Introduce the Small Retail Broker Distribution Program, 9503-9504 [2020-03180]
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Federal Register / Vol. 85, No. 33 / Wednesday, February 19, 2020 / Notices
Act, the Exchange will surveil for
compliance with the continued listing
requirements. If a Fund is not in
compliance with the applicable listing
requirements, the Exchange will
commence delisting procedures under
BZX Rule 14.12.
should refer to File Number SR–
CboeBZX–2019–057, and should be
submitted on or before March 11, 2020.
IV. Solicitation of Comments on
Amendment No. 2 to the Proposed Rule
Change
Interested persons are invited to
submit written data, views, and
arguments concerning whether
Amendment No. 2 is consistent with the
Exchange Act. Comments may be
submitted by any of the following
methods:
The Commission finds good cause to
approve the proposed rule change, as
modified by Amendment No. 2, prior to
the thirtieth day after the date of
publication of notice of the filing of
Amendment No. 2 in the Federal
Register. In Amendment No. 2, the
Exchange modified the description of
each Fund’s investments and conformed
the description of BZX Rule 14.11(k) to
the final rule approved in the Managed
Portfolio Shares Order. Amendment No.
2 also provides other clarifications and
additional information to the proposed
rule change.47 The changes and
additional information in Amendment
No. 2 assist the Commission in finding
that the proposal is consistent with the
Exchange Act. Accordingly, the
Commission finds good cause, pursuant
to Section 19(b)(2) of the Exchange
Act,48 to approve the proposed rule
change, as modified by Amendment No.
2, on an accelerated basis.
khammond on DSKJM1Z7X2PROD with NOTICES
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–
CboeBZX–2019–057 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–CboeBZX–2019–057. 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 website (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 website 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
a.m. and 3 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. Persons
submitting comments are cautioned that
we do not redact or edit personal
identifying information from comment
submissions. You should submit only
information that you wish to make
available publicly. All submissions
VerDate Sep<11>2014
18:58 Feb 18, 2020
Jkt 250001
V. Accelerated Approval of Proposed
Rule Change, as Modified by
Amendment No. 2
VI. Conclusion
It is therefore ordered, pursuant to
Section 19(b)(2) of the Act 49 that the
proposed rule change (SR–CboeBZX–
2019–057), as modified by Amendment
No. 2, be, and hereby is, approved on an
accelerated basis.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.50
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–03176 Filed 2–18–20; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–88178; File No. SR–
CboeEDGX–2019–048]
Self-Regulatory Organizations; Cboe
EDGX 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
To Introduce the Small Retail Broker
Distribution Program
February 12, 2020.
On August 1, 2019, Cboe EDGX
Exchange, Inc. (the ‘‘Exchange’’ or
‘‘EDGX’’) 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 amend the
EDGX fee schedule to introduce a Small
Retail Broker Distribution Program (the
‘‘Program’’). The proposed rule change
was immediately effective upon filing
with the Commission pursuant to
Section 19(b)(3)(A) of the Act.3 The
proposed rule change was published for
comment in the Federal Register on
August 20, 2019.4 The Commission
received no comment letters regarding
the proposed rule change. On
September 30, 2019, under Sections
19(b)(2) and (b)(3)(C) of the Act,5 the
Commission temporarily suspended the
proposed rule change and instituted
proceedings to determine whether to
approve or disapprove the proposed
rule change (‘‘OIP’’).6 The Commission
has received no comment letters in
response to the OIP.
Section 19(b)(2) of the Act 7 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, however, 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
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 15 U.S.C. 78s(b)(2) and (b)(3)(A).
4 See Securities Exchange Act Release No. 86678
(August 14, 2019), 84 FR 43246 (‘‘Notice’’).
5 15 U.S.C. 78s(b)(3)(C).
6 See Securities Exchange Act Release No. 87163
(September 30, 2019), 84 FR 53203 (October 4,
2019).
7 15 U.S.C. 78s(b)(2).
2 17
47 See
Amendment No. 2, supra note 11.
U.S.C. 78s(b)(2).
49 15 U.S.C. 78s(b)(2).
50 17 CFR 200.30–3(a)(12).
48 15
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Federal Register / Vol. 85, No. 33 / Wednesday, February 19, 2020 / Notices
comment in the Federal Register on
August 20, 2019. The 180th day after
publication of the Notice is February 16,
2020, and April 16, 2020 is an
additional 60 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
the proposed rule change. Accordingly,
the Commission, pursuant to Section
19(b)(2) of the Act,8 designates April 16,
2020 as the date by which the
Commission shall either approve or
disapprove the proposed rule change
(File No. SR–CboeEDGX–2019–048).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.9
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–03180 Filed 2–18–20; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–88180; File No. SR–
CboeBZX–2019–069]
Self-Regulatory Organizations; Cboe
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
To Introduce the Small Retail Broker
Distribution Program
khammond on DSKJM1Z7X2PROD with NOTICES
February 12, 2020.
On August 1, 2019, Cboe BZX
Exchange, Inc. (the ‘‘Exchange’’ or
‘‘BZX’’) 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 amend the BZX
fee schedule to introduce a Small Retail
Broker Distribution Program (the
‘‘Program’’). The proposed rule change
was immediately effective upon filing
with the Commission pursuant to
Section 19(b)(3)(A) of the Act.3 The
proposed rule change was published for
comment in the Federal Register on
August 20, 2019.4 The Commission
received no comment letters regarding
the proposed rule change. On
September 30, 2019, under Sections
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.9
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–03182 Filed 2–18–20; 8:45 am]
BILLING CODE 8011–01–P
9 17
CFR 200.30–3(a)(57).
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 15 U.S.C. 78s(b)(2) and (b)(3)(A).
4 See Securities Exchange Act Release No. 86667
(August 14, 2019), 84 FR 43233 (‘‘Notice’’).
17:51 Feb 18, 2020
Jkt 250001
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–88179; File No. SR–
CboeBYX–2019–012]
Self-Regulatory Organizations; Cboe
BYX 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
To Introduce the Small Retail Broker
Distribution Program
February 12, 2020.
On August 1, 2019, Cboe BYX
Exchange, Inc. (the ‘‘Exchange’’ or
‘‘BYX’’) 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 amend the BYX
fee schedule to introduce a Small Retail
Broker Distribution Program (the
‘‘Program’’). The proposed rule change
was immediately effective upon filing
with the Commission pursuant to
Section 19(b)(3)(A) of the Act.3 The
proposed rule change was published for
comment in the Federal Register on
August 20, 2019.4 The Commission
received no comment letters regarding
the proposed rule change. On
September 30, 2019, under Sections
19(b)(2) and (b)(3)(C) of the Act,5 the
Commission temporarily suspended the
proposed rule change and instituted
proceedings to determine whether to
approve or disapprove the proposed
rule change (‘‘OIP’’).6 The Commission
has received no comment letters in
response to the OIP.
Section 19(b)(2) of the Act 7 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, however, 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
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 15 U.S.C. 78s(b)(2) and (b)(3)(A).
4 See Securities Exchange Act Release No. 86670
(August 14, 2019), 84 FR 43207 (‘‘Notice’’).
5 15 U.S.C. 78s(b)(3)(C).
6 See Securities Exchange Act Release No. 87166
(September 30, 2019), 84 FR 53197 (October 4,
2019).
7 15 U.S.C. 78s(b)(2).
2 17
5 15
8 Id.
VerDate Sep<11>2014
19(b)(2) and (b)(3)(C) of the Act,5 the
Commission temporarily suspended the
proposed rule change and instituted
proceedings to determine whether to
approve or disapprove the proposed
rule change (‘‘OIP’’).6 The Commission
has received no comment letters in
response to the OIP.
Section 19(b)(2) of the Act 7 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, however, 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 20, 2019. The 180th day after
publication of the Notice is February 16,
2020, and April 16, 2020 is an
additional 60 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
the proposed rule change. Accordingly,
the Commission, pursuant to Section
19(b)(2) of the Act,8 designates April 16,
2020 as the date by which the
Commission shall either approve or
disapprove the proposed rule change
(File No. SR–CboeBZX–2019–069).
U.S.C. 78s(b)(3)(C).
Securities Exchange Act Release No. 87164
(September 30, 2019), 84 FR 53208 (October 4,
2019).
7 15 U.S.C. 78s(b)(2).
8 Id.
9 17 CFR 200.30–3(a)(57).
6 See
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E:\FR\FM\19FEN1.SGM
19FEN1
]]>Agencies
[Federal Register Volume 85, Number 33 (Wednesday, February 19, 2020)]
[Notices]
[Pages 9503-9504]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-03180]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-88178; File No. SR-CboeEDGX-2019-048]
Self-Regulatory Organizations; Cboe EDGX 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 To
Introduce the Small Retail Broker Distribution Program
February 12, 2020.
On August 1, 2019, Cboe EDGX Exchange, Inc. (the ``Exchange'' or
``EDGX'') 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 amend the EDGX fee schedule to introduce a
Small Retail Broker Distribution Program (the ``Program''). The
proposed rule change was immediately effective upon filing with the
Commission pursuant to Section 19(b)(3)(A) of the Act.\3\ The proposed
rule change was published for comment in the Federal Register on August
20, 2019.\4\ The Commission received no comment letters regarding the
proposed rule change. On September 30, 2019, under Sections 19(b)(2)
and (b)(3)(C) of the Act,\5\ the Commission temporarily suspended the
proposed rule change and instituted proceedings to determine whether to
approve or disapprove the proposed rule change (``OIP'').\6\ The
Commission has received no comment letters in response to the OIP.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ 15 U.S.C. 78s(b)(2) and (b)(3)(A).
\4\ See Securities Exchange Act Release No. 86678 (August 14,
2019), 84 FR 43246 (``Notice'').
\5\ 15 U.S.C. 78s(b)(3)(C).
\6\ See Securities Exchange Act Release No. 87163 (September 30,
2019), 84 FR 53203 (October 4, 2019).
---------------------------------------------------------------------------
Section 19(b)(2) of the Act \7\ 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, however, 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
[[Page 9504]]
comment in the Federal Register on August 20, 2019. The 180th day after
publication of the Notice is February 16, 2020, and April 16, 2020 is
an additional 60 days from that date.
---------------------------------------------------------------------------
\7\ 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 the proposed
rule change. Accordingly, the Commission, pursuant to Section 19(b)(2)
of the Act,\8\ designates April 16, 2020 as the date by which the
Commission shall either approve or disapprove the proposed rule change
(File No. SR-CboeEDGX-2019-048).
---------------------------------------------------------------------------
\8\ Id.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\9\
---------------------------------------------------------------------------
\9\ 17 CFR 200.30-3(a)(57).
---------------------------------------------------------------------------
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-03180 Filed 2-18-20; 8:45 am]
BILLING CODE 8011-01-P
