[Federal Register Volume 82, Number 130 (Monday, July 10, 2017)]
[Notices]
[Page 31792]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-14340]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81072; File No. SR-BatsBZX-2017-34]


Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change To Introduce Bats Market Close, a Closing Match Process for Non-
BZX Listed Securities Under New Exchange Rule 11.28

July 3, 2017.
    On May 5, 2017, Bats BZX Exchange, Inc. (``BZX'' or ``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 
adopt Bats Market Close, a closing match process for non-BZX Listed 
Securities.\3\ The proposed rule change was published for comment in 
the Federal Register on May 22, 2017.\4\ The Commission has received 14 
comments on the proposal.\5\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ A BZX Listed security is a security listed on the Exchange 
pursuant to Chapter 14 of the Exchange's Rules and includes both 
corporate listed securities and Exchange Traded Products (``ETPs'').
    \4\ See Exchange Act Release No. 80683 (May 16, 2017), 82 FR 
23320.
    \5\ See Letters to Brent J. Fields, Secretary, Commission, from: 
(1) Donald K. Ross, Jr., Executive Chairman, PDQ Enterprise, LLC, 
dated June 6, 2017; (2) Edward S. Knight, Executive Vice President 
and General Counsel, Nasdaq, Inc., dated June 12, 2017; (3) Ray 
Ross, Chief Technology Officer, Clearpool Group, dated June 12, 
2017; (4) Venu Palaparthi, SVP, Compliance, Regulatory and 
Government Affairs, Virtu Financial, dated June 12, 2017; (5) 
Theodore R. Lazo, Managing Director and Associate General Counsel, 
SIFMA, dated June 13, 2017; (6) Elizabeth K. King, General Counsel 
and Corporate Secretary, New York Stock Exchange, dated June 13, 
2017; (7) John M. Bowers, Bowers Securities, dated June 14, 2017; 
(8) Jonathan D. Corpina, Senior Managing Partner, Meridian Equity 
Partners, dated June 16, 2017; (9) Fady Tanios, Chief Executive 
Officer, and Brian Fraioli, Chief Compliance Officer, Americas 
Executions, LLC, dated June 16, 2017; (10) Ari M. Rubenstein, Co-
Founder and Chief Executive Officer, GTS Securities LLC, dated June 
22, 2017; (11) John Ramsay, Chief Market Policy Officer, Investors 
Exchange LLC, dated June 23, 2017; (12) Jay S. Sidhu, Chairman, 
Chief Executive Officer, Customers Bancorp, Inc., dated June 27, 
2017; (13) Joanne Freiberger, Vice President, Treasurer, Masonite 
International Corporation, dated June 27, 2017; and (14) David B. 
Griffith, Investor Relations Manager, Orion Group Holdings, Inc., 
dated June 27, 2017.
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    Section 19(b)(2) of the Act \6\ 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 disapproved. The 
45th day after publication of the notice for this proposed rule change 
is July 6, 2017. The Commission is extending the 45-day time period for 
Commission action on the proposed rule change.
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    \6\ 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 and the comments 
received. Accordingly, the Commission, pursuant to section 19(b)(2) of 
the Act,\7\ designates August 20, 2017, 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-2017-34).
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    \7\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\8\
Eduardo Aleman,
Assistant Secretary.
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    \8\ 17 CFR 200.30-3(a)(31).
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[FR Doc. 2017-14340 Filed 7-7-17; 8:45 am]
 BILLING CODE 8011-01-P