[Federal Register Volume 82, Number 75 (Thursday, April 20, 2017)]
[Notices]
[Page 18681]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-07953]



[[Page 18681]]

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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-80461; File No. SR-BatsBZX-2016-60]


Self-Regulatory Organizations; Bats 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 
Bats BZX Rule 14.13, Company Listing Fees, and to the Bats BZX Fee 
Schedule

April 14, 2017.
    On September 29, 2016, Bats 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 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ a 
proposed rule change to amend (1) the fees set forth in BZX Rule 14.13 
applicable to securities listed on the Exchange, and (2) the fee 
schedule applicable to Members \3\ and non-Members of the Exchange 
pursuant to Exchange Rules 15.1(a) and (c). BZX designated the proposed 
rule change as immediately effective upon filing with the Commission 
pursuant to Section 19(b)(3)(A) of the Act.\4\ On October 14, 2016, the 
Commission published notice of filing of the proposed rule change and 
pursuant to Section 19(b)(3)(C) of the Act: (1) temporarily suspended 
the proposed rule change; and (2) instituted proceedings to determine 
whether to approve or disapprove the proposal. The notice was published 
for comment in the Federal Register on October 20, 2016.\5\ The 
Commission has received three comment letters on the proposal.\6\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ A Member is defined as ``any registered broker or dealer 
that has been admitted to membership in the Exchange.'' See BZX Rule 
1.5(n).
    \4\ 15 U.S.C. 78s(b)(3)(A).
    \5\ See Securities Exchange Act Release No. 79103, 81 FR 72624 
(Oct. 14, 2016).
    \6\ See letter to Brent J. Fields, Secretary, Commission, from 
Kyle Murray, Assistant General Counsel, Bats Global Markets, Inc., 
dated November 22, 2016; letter to Brent J. Fields, Secretary, 
Commission, from Douglas A. Cifu, Chief Executive Officer, Virtu 
Financial, Inc., dated December 20, 2016; and letter to Brent J. 
Fields, Secretary, Commission, from Andrew Madar, Senior Associate 
General Counsel, Nasdaq Stock Market LLC, dated January 27, 2017. 
Comment letters are available at: https://www.sec.gov/comments/sr-batsbzx-2016-60/batsbzx201660.shtml.
---------------------------------------------------------------------------

    Section 19(b)(2) of the Act \7\ provides that, after instituting 
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, however, extend the period for issuing an order 
approving or disapproving the proposed rule change 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 
October 20, 2016.\8\ The 180th day after publication of the notice in 
the Federal Register is April 18, 2017 and June 17, 2017 is an 
additional 60 days from that date.
---------------------------------------------------------------------------

    \7\ 15 U.S.C. 78s(b)(2).
    \8\ See supra note 5.
---------------------------------------------------------------------------

    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 this proposed 
rule change. Accordingly, the Commission, pursuant to Section 19(b)(2) 
of the Act,\9\ designates June 17, 2017 as the date by which the 
Commission should either approve or disapprove the proposed rule change 
(File No. SR-BatsBZX-2016-60).
---------------------------------------------------------------------------

    \9\ 15 U.S.C. 78s(b)(2).
    \10\ 17 CFR 200.30-3(a)(57).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\10\
Brent J. Fields,
Secretary.
[FR Doc. 2017-07953 Filed 4-19-17; 8:45 am]
 BILLING CODE 8011-01-P