Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Withdrawal of Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Shares of the Clearbridge Small Cap Value ETF Under BZX Rule 14.11(k), 14986-14987 [2020-05237]
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14986
Federal Register / Vol. 85, No. 51 / Monday, March 16, 2020 / Notices
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 12 and
subparagraph (f)(6) of Rule 19b–4
thereunder.13
A proposed rule change filed
pursuant to Rule 19b–4(f)(6) under the
Act 14 normally does not become
operative for 30 days after the date of its
filing. However, Rule 19b–4(f)(6)(iii) 15
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 so that the proposal may
become operative immediately upon
filing. The Commission believes that
waiving the 30-day operative delay is
consistent with the protection of
investors and the public interest. The
Exchange represents that waiver of the
operative delay would add rule text that
was omitted from the post-migration
Rulebook and reinstate a maximum
Response Time Interval that was in
place pre-migration. The Exchange
states that in times of extreme market
volatility, there may be increased
message traffic which could potentially
result in a delay of processing of COA
responses, and the proposed change
would help ensure that participants can
respond to (and the exchange’s systems
can process) COA responses in a
sufficient amount of time. The
Commission notes that the proposed
rule change does not present any unique
or novel regulatory issues. Accordingly,
the Commission hereby waives the
operative delay and designates the
proposal operative upon filing.16
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
12 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 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 Commission has waived the fiveday prefiling requirement in this case.
14 17 CFR 240.19b–4(f)(6).
15 17 CFR 240.19b–4(f)(6)(iii).
16 For purposes only of waiving the 30-day
operative delay, the Commission has also
considered the proposed rule’s impact on
efficiency, competition, and capital formation. See
15 U.S.C. 78c(f).
lotter on DSKBCFDHB2PROD with NOTICES
13 17
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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:
• 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–CBOE–2020–016 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–CBOE–2020–016. 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
10:00 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.
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 should refer to File
Number SR–CBOE–2020–016 and
should be submitted on or before April
6, 2020.
Frm 00115
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[FR Doc. 2020–05234 Filed 3–13–20; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–88351; File No. SR–
CboeBZX–2019–076]
Electronic Comments
PO 00000
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.17
J. Matthew DeLesDernier,
Assistant Secretary.
Sfmt 4703
Self-Regulatory Organizations; Cboe
BZX Exchange, Inc.; Notice of
Withdrawal of Proposed Rule Change,
as Modified by Amendment No. 1, To
List and Trade Shares of the
Clearbridge Small Cap Value ETF
Under BZX Rule 14.11(k)
March 10, 2020.
On September 26, 2019, Cboe BZX
Exchange, Inc. (‘‘Exchange’’ or ‘‘BZX’’)
filed with the Securities and Exchange
Commission (‘‘Commission’’), pursuant
to Section 19(b)(1) of the Securities
Exchange Act of 1934 (‘‘Exchange
Act’’) 1 and Rule 19b–4 thereunder, 2 a
proposed rule change to list and trade
shares of the Clearbridge Small Cap
Value ETF under BZX Rule 14.11(k)
(Managed Portfolio Shares). On October
9, 2019, the Exchange filed Amendment
No. 1 to the proposed rule change,
which amended and replaced the rule
change in its entirety.
The proposed rule change, as
modified by Amendment No. 1, was
published for comment in the Federal
Register on October 17, 2019.3 On
November 21, 2019, pursuant to Section
19(b)(2) of the Exchange 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 January 13,
2020, the Commission instituted
proceedings under Section 19(b)(2)(B) of
the Exchange Act 6 to determine
whether to approve or disapprove the
proposed rule change.7 The Commission
17 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 See Securities Exchange Act Release No. 87286
(Oct. 10, 2019), 84 FR 55608.
4 15 U.S.C. 78s(b)(2).
5 See Securities Exchange Act Release No. 87581,
84 FR 65434 (Nov. 27, 2019). The Commission
designated January 15, 2020, as the date by which
the Commission shall approve or 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. 87951,
85 FR 3099 (Jan. 17, 2020).
1 15
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Federal Register / Vol. 85, No. 51 / Monday, March 16, 2020 / Notices
has received no comments on the
proposed rule change. On March 9,
2020, the Exchange withdrew the
proposed rule change (SR–CboeBZX–
2019–076).
Paper Comments
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.8
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–05237 Filed 3–13–20; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–88340; File No. 4–757]
Reopening of Comment Period for
Notice of Proposed Order Directing the
Exchanges and the Financial Industry
Regulatory Authority To Submit a New
National Market System Plan
Regarding Consolidated Equity Market
Data
Securities and Exchange
Commission.
ACTION: Reopening of comment period.
AGENCY:
The Securities and Exchange
Commission (‘‘Commission’’) is
reopening the comment period for a
notice of proposed order (‘‘Proposed
Order’’), which would require the
participants in the existing national
market system plans governing the
public dissemination of real-time,
consolidated equity market data for
national market system stocks to
propose a single, new equity data plan.
The original comment period for the
Proposed Order ended on February 28,
2020. The Commission is reopening the
time period in which to provide the
Commission with comments until
March 20, 2020. This action will allow
interested persons additional time to
analyze the issues and prepare their
comments.
SUMMARY:
The comment period for the
Proposed Order published Jan. 14, 2020
(85 FR 2164), is reopened. Public
comments are due on or before March
20, 2020.
ADDRESSES: Comments may be
submitted by any of the following
methods:
lotter on DSKBCFDHB2PROD with NOTICES
DATES:
• Send paper comments to Secretary,
Securities and Exchange Commission,
100 F Street NE, Washington, DC
20549–1090.
All submissions should refer to File
Number 4–757. This file number should
be included on the subject line if email
is used. To help us 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/proposed.shtml).
Copies of the all written statements with
respect to the Proposed Order that are
filed with the Commission, and all
written communications relating to the
Proposed Order 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
10:00 a.m. and 3:00 p.m. 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 should refer to File
Number 4–757 and should be submitted
on or before March 20, 2020.
The
Commission originally requested that
comments on the Proposed Order be
received by February 28, 2020.1 The
Commission has determined to reopen
the comment period until March 20,
2020 to allow interested persons
additional time to analyze the issues
and prepare their comments.
SUPPLEMENTARY INFORMATION:
By the Commission.
Dated: March 6, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–05243 Filed 3–13–20; 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
4–757 on the subject line
8 17
1 See Securities Exchange Act Release No. 87906
(Jan. 8, 2020), 85 FR 2164, 2165 (Jan. 14, 2020).
CFR 200.30–3(a)(12).
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14987
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–88354; File No. SR–
CboeBZX–2020–020]
Self-Regulatory Organizations; Cboe
BZX Exchange, Inc.; Notice of Filing
and Immediate Effectiveness of a
Proposed Rule Change Relating To
Amend its Fee Schedule
March 10, 2020.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (the
‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on March 2,
2020, Cboe BZX Exchange, Inc. (the
‘‘Exchange’’ or ‘‘BZX’’) filed with the
Securities and Exchange Commission
(the ‘‘Commission’’) the proposed rule
change as described in Items I, II, and
III 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
Cboe BZX Exchange, Inc. (the
‘‘Exchange’’ or ‘‘BZX’’) is filing with the
Securities and Exchange Commission
(‘‘Commission’’) a proposed rule change
to amend its Fee Schedule. The text of
the proposed rule change is provided in
Exhibit 5.
The text of the proposed rule change
is also available on the Exchange’s
website (https://markets.cboe.com/us/
equities/regulation/rule_filings/bzx/), at
the Exchange’s Office of the Secretary,
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
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 aspects of such
statements.
1 15
2 17
U.S.C. 78s(b)(1).
CFR 240.19b–4.
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]]>Agencies
[Federal Register Volume 85, Number 51 (Monday, March 16, 2020)]
[Notices]
[Pages 14986-14987]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-05237]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-88351; File No. SR-CboeBZX-2019-076]
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of
Withdrawal of Proposed Rule Change, as Modified by Amendment No. 1, To
List and Trade Shares of the Clearbridge Small Cap Value ETF Under BZX
Rule 14.11(k)
March 10, 2020.
On September 26, 2019, Cboe BZX Exchange, Inc. (``Exchange'' or
``BZX'') filed with the Securities and Exchange Commission
(``Commission''), pursuant to Section 19(b)(1) of the Securities
Exchange Act of 1934 (``Exchange Act'') \1\ and Rule 19b-4 thereunder,
\2\ a proposed rule change to list and trade shares of the Clearbridge
Small Cap Value ETF under BZX Rule 14.11(k) (Managed Portfolio Shares).
On October 9, 2019, the Exchange filed Amendment No. 1 to the proposed
rule change, which amended and replaced the rule change in its
entirety.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------
The proposed rule change, as modified by Amendment No. 1, was
published for comment in the Federal Register on October 17, 2019.\3\
On November 21, 2019, pursuant to Section 19(b)(2) of the Exchange
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 January 13, 2020, the Commission instituted
proceedings under Section 19(b)(2)(B) of the Exchange Act \6\ to
determine whether to approve or disapprove the proposed rule change.\7\
The Commission
[[Page 14987]]
has received no comments on the proposed rule change. On March 9, 2020,
the Exchange withdrew the proposed rule change (SR-CboeBZX-2019-076).
---------------------------------------------------------------------------
\3\ See Securities Exchange Act Release No. 87286 (Oct. 10,
2019), 84 FR 55608.
\4\ 15 U.S.C. 78s(b)(2).
\5\ See Securities Exchange Act Release No. 87581, 84 FR 65434
(Nov. 27, 2019). The Commission designated January 15, 2020, as the
date by which the Commission shall approve or 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. 87951, 85 FR 3099
(Jan. 17, 2020).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\8\
---------------------------------------------------------------------------
\8\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-05237 Filed 3-13-20; 8:45 am]
BILLING CODE 8011-01-P
