[Federal Register Volume 81, Number 50 (Tuesday, March 15, 2016)]
[Notices]
[Pages 13854-13855]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-05754]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-77333; File No. SR-BATS-2016-02]


Self-Regulatory Organizations; BATS Exchange, Inc.; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change to Rule 14.11(i), Managed Fund Shares, To List and Trade Shares 
of the iShares iBonds Dec 2023 AMT-Free Muni Bond ETF, iShares iBonds 
Dec 2024 AMT-Free Muni Bond ETF, iShares iBonds Dec 2025 AMT-Free Muni 
Bond ETF, and iShares iBonds Dec 2026 AMT-Free Muni Bond ETF of the 
iShares U.S. ETF Trust

March 9, 2016.
    On January 12, 2016, BATS Exchange, Inc. (``Exchange'') 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 iShares iBonds Dec 2023 AMT-Free Muni Bond ETF, iShares 
iBonds Dec 2024 AMT-Free Muni Bond ETF, iShares iBonds Dec 2025 AMT-
Free Muni Bond ETF, and iShares iBonds Dec 2026 AMT-Free Muni Bond ETF 
of the iShares U.S. ETF Trust under BATS Rule 14.11(i). The proposed 
rule change was published for comment in the Federal Register on 
January 27, 2016.\3\ The Commission has not received any comments on 
the proposal.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 76954 (Jan. 21, 
2016), 81 FR 4695.
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    Section 19(b)(2) of the Act \4\ provides that within 45 days of the 
publication of notice of the filing of a proposed rule change, or 
within such longer period up to 90 days as the Commission may designate 
if it finds such longer period to be appropriate and publishes its 
reasons for so finding, or as to which the self-regulatory organization 
consents, the Commission shall either approve the proposed rule change, 
disapprove the proposed rule change, or institute proceedings to 
determine whether the

[[Page 13855]]

proposed rule change should be disapproved. The 45th day after 
publication of the notice for this proposed rule change is March 12, 
2016. The Commission is extending this 45-day time period.
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    \4\ 15 U.S.C. 78s(b)(2).
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    The Commission finds it appropriate to designate a longer period 
within which to take action on 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,\5\ designates 
April 26, 2016, as the date by which the Commission shall either 
approve or disapprove, or institute proceedings to determine whether to 
disapprove, the proposed rule change (File No. SR-BATS-2016-02).
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    \5\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(31).
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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-05754 Filed 3-14-16; 8:45 am]
BILLING CODE 8011-01-P