[Federal Register Volume 81, Number 109 (Tuesday, June 7, 2016)]
[Notices]
[Pages 36627-36628]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-13315]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-77958; File No. SR-BatsBZX-2016-01]


Self-Regulatory Organizations; BatsBZX Exchange, Inc.; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change To List and Trade Under BZX Rule 14.11(c)(4) Shares of the 
Following Series of Market Vectors ETF Trust: Market Vectors 6-8 Year 
Municipal Index ETF; Market Vectors 8-12 Year Municipal Index ETF; and 
Market Vectors 12-17 Year Municipal Index ETF

June 1, 2016.
    On March 29, 2016, Bats BZX Exchange, Inc. (``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 list and trade 
under BZX Rule 14.11(c)(4) the shares of the Market Vectors 6-8 Year 
Municipal Index ETF; Market Vectors 8-12 Year Municipal Index ETF; and 
Market Vectors 12-17 Year Municipal Index ETF. The proposed rule change 
was published for comment in the Federal Register on April 18, 2016.\3\ 
The Commission received one comment on the proposed rule change.\4\
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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. 77596 (April 18, 
2016), 81 FR 22681 (``Notice'').
    \4\ See Letter from Anonymous dated May 3, 2016, available at: 
http://www.sec.gov/comments/sr-batsbzx-2016-01/batsbzx201601-1.htm.
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    Section 19(b)(2) of the Act \5\ 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 proposed rule change should be

[[Page 36628]]

disapproved. The 45th day after publication of the notice for this 
proposed rule change is June 2, 2016. The Commission is extending this 
45-day time period.
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    \5\ 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,\6\ designates July 
15, 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-BatsBZX-2016-01).
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    \6\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
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    \7\ 17 CFR 200.30-3(a)(31).
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Brent J. Fields,
Secretary.
[FR Doc. 2016-13315 Filed 6-6-16; 8:45 am]
BILLING CODE 8011-01-P