[Federal Register Volume 86, Number 153 (Thursday, August 12, 2021)]
[Notices]
[Pages 44459-44460]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-17170]


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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-92594; File No. SR-CboeBZX-2021-014]


Self-Regulatory Organizations; Cboe 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 
Allow Invesco Focused Discovery Growth ETF and Invesco Select Growth 
ETF To Strike and Publish Multiple Intraday Net Asset Values

August 6, 2021.
    On January 22, 2021, 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 (``Act'' or ``Exchange Act'') \1\ and Rule 19b-4 
thereunder,\2\ a proposed rule change to allow Invesco Focused 
Discovery Growth ETF and Invesco Select Growth ETF to strike and 
publish multiple intraday net asset values. The proposed rule change 
was published for comment in the Federal Register on February 10, 
2021.\3\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 91064 (February 4, 
2021), 86 FR 8935 (``Notice'').
---------------------------------------------------------------------------

    On March 24, 2021, pursuant to Section 19(b)(2) of the Act,\4\ the 
Commission designated a longer period within which to approve the 
proposed rule change, disapprove the proposed

[[Page 44460]]

rule change, or institute proceedings to determine whether to 
disapprove the proposed rule change.\5\ On May 11, 2021, 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 has not received any comment letters on the 
proposed rule change.
---------------------------------------------------------------------------

    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 91398, 86 FR 16650 
(March 30, 2021). The Commission designated May 11, 2021, 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. 91845, 86 FR 26767 
(May 17, 2021).
---------------------------------------------------------------------------

    Section 19(b)(2) of the Exchange Act \8\ provides that, after 
initiating disapproval 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 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 reasons for such determination. The proposed rule change 
was published for notice and comment in the Federal Register on 
February 10, 2021. August 9, 2021 is 180 days from that date, and 
October 8, 2021 is 240 days from that date.
---------------------------------------------------------------------------

    \8\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------

    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 the proposed 
rule change. Accordingly, the Commission, pursuant to Section 19(b)(2) 
of the Exchange Act,\9\ designates October 8, 2021 as the date by which 
the Commission shall either approve or disapprove the proposed rule 
change (File No. SR-CboeBZX-2021-014).
---------------------------------------------------------------------------

    \9\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\10\
---------------------------------------------------------------------------

    \10\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------

J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-17170 Filed 8-11-21; 8:45 am]
BILLING CODE 8011-01-P