81_FR_12806 81 FR 12759 - Self-Regulatory Organizations; EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend its Rules as Well as Certain Corporate Documents of the Exchange To Reflect a Legal Name Change by BATS Global Markets, Inc. and the Legal Names of Certain Subsidiaries

81 FR 12759 - Self-Regulatory Organizations; EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend its Rules as Well as Certain Corporate Documents of the Exchange To Reflect a Legal Name Change by BATS Global Markets, Inc. and the Legal Names of Certain Subsidiaries

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 47 (March 10, 2016)

Page Range12759-12761
FR Document2016-05328

Federal Register, Volume 81 Issue 47 (Thursday, March 10, 2016) 
[Federal Register Volume 81, Number 47 (Thursday, March 10, 2016)]
[Notices]
[Pages 12759-12761]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-05328]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-77299; File No. SR-EDGA-2016-05]


Self-Regulatory Organizations; EDGA Exchange, Inc.; Notice of 
Filing and Immediate Effectiveness of a Proposed Rule Change To Amend 
its Rules as Well as Certain Corporate Documents of the Exchange To 
Reflect a Legal Name Change by BATS Global Markets, Inc. and the Legal 
Names of Certain Subsidiaries

March 4, 2016.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 
(the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given 
that on February 26, 2016, EDGA Exchange, Inc. f/k/a EDGA Exchange, 
Inc. (the ``Exchange'' or ``EDGA'') filed with the Securities and 
Exchange Commission (``Commission'') the proposed rule change as 
described in Items I, II, and III below, which Items have been prepared 
by the Exchange. The Exchange has designated this proposal as one being 
concerned solely with the administration of the Exchange pursuant to 
Section 19(b)(3)(A)(iii) of the Act \3\ and Rule 19b-4(f)(3) 
thereunder,\4\ which renders the proposal effective upon filing with 
the Commission. The Commission is

[[Page 12760]]

publishing this notice to solicit comments on the proposed rule change 
from interested persons.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \4\ 17 CFR 240.19b-4(f)(3).
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The Exchange is proposing a rule change to amend its rules as well 
as certain corporate documents of the Exchange to reflect a legal name 
change by the Exchange's ultimate parent entity, BATS Global Markets, 
Inc. (the ``Parent'') to Bats Global Markets, Inc., and the legal names 
of certain of the Parent's subsidiaries. As a result of this change, 
the Exchange also proposes to amend its rules to change its name from 
EDGA Exchange, Inc. to Bats EDGA Exchange, Inc. throughout its rules 
and corporate documents.
    The text of the proposed rule change is available at the Exchange's 
Web site at www.batstrading.com, at the principal office of the 
Exchange, and at the Commission's Public Reference Room.

II. Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

    In its filing with the Commission, the Exchange included statements 
concerning the purpose of and basis for the proposed rule change and 
discussed any comments it received on the proposed rule change. The 
text of these statements may be examined at the places specified in 
Item IV below. The Exchange has prepared summaries, set forth in 
Sections A, B, and C below, of the most significant parts of such 
statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and the 
Statutory Basis for, the Proposed Rule Change

1. Purpose
    The Exchange, on behalf of its Parent, recently filed to change the 
Parent's legal name from ``BATS Global Markets, Inc.'' to ``Bats Global 
Markets, Inc.'' \5\ For the purposes of consistency, certain of the 
Parent's subsidiaries have also undertaken to change their legal names. 
As a result, the Exchange also proposes to change its name from EDGA 
Exchange, Inc. to Bats EDGA Exchange, Inc. throughout its rules and 
corporate documents (collectively, with the other legal name changes 
for Parent and certain of its subsidiaries, the ``name changes'').\6\ 
Therefore, the Exchange proposes to amend its: (i) Rulebook; (ii) fee 
schedule issued pursuant to Exchange Rules 15.1(a) and (c) (``Fee 
Schedule''); (iii) Restated Certificate of Incorporation 
(``Certificate''); and (iv) Fourth Amended and Restated Bylaws of the 
Exchange (``Bylaws'') (collectively, the ``Operative Documents'') to 
reflect the name change and to replace all references to ``BATS'' with 
``Bats''.
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    \5\ See Securities Exchange Act Release No. 77146 (February 16, 
2016) (SR-EDGA-2016-01).
    \6\ The Exchange initially filed the proposed fee [sic] change 
on February 19, 2016 (SR-EDGA-2016-04). On February 26, 2016, the 
Exchange withdrew that filing and submitted this filing.
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    The Exchange proposes to replace all references to BATS with Bats 
throughout the Exchange's Rulebook and Fee Schedule. The Exchange 
understands that its affiliated Exchanges also intend to file similar 
proposed rule changes with the Commission to amend their exchange 
names.\7\ Therefore, the Exchange proposes to amend the following rules 
to reflect the name changes, including the expected filings by its 
affiliates to amend their names: Rule 1.5 (Definitions), Rule 2.3 
(Member Eligibility), Rule 2.10 (Affiliation Between Exchange and a 
Member), Rule 2.11 (BATS Trading, Inc. as Outbound Router), Rule 2.12 
(BATS Trading, Inc. as Inbound Router), Rule 11.11 (Routing to Away 
Trading Centers), Rule 13.4 (Usage of Data Feeds), Rule 13.8 (EDGA Book 
Feeds), Rule 13.9 (BATS Connect), Rule 14.2 (Investment Company Units), 
and Rule 14.8 (Portfolio Depository Receipts). Throughout these rules, 
the Exchange proposes the following changes:
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    \7\ The Exchange's affiliates are EDGX Exchange, Inc., BATS 
Exchange, Inc. and BATS Y-Exchange, Inc. The Exchange understands 
that proposed rule changes are to be filed by each of its affiliates 
to amend their names as follows: EDGX Exchange, Inc. would be 
changed to Bats EDGX Exchange, Inc., BATS Exchange, Inc. would be 
amended to Bats BZX Exchange, Inc., and BATS Y-Exchange, Inc. would 
be amended to Bats BYX Exchange, Inc.
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     All references to ``EDGA EXCHANGE'' and ``EDGA EXCHANGE, 
Inc.'' are proposed to be changed to ``Bats EDGA Exchange'' and ``Bats 
EDGA Exchange, Inc.'', respectively;
     All references to ``EDGA'' in Rule 13.8 are proposed to be 
changed to ``the Exchange'';
     All references to ``BATS'' are proposed to be changed to 
``Bats'';
     All references to the Parent are proposed to be changed to 
``Bats Global Markets, Inc.'' (which includes changes from ``BATS'' to 
``Bats'' as well as the correction of pre-existing errors in such 
references);
     All references to ``BATS Exchange, Inc.'' are proposed to 
be changed to ``Bats BZX Exchange, Inc.'';
     All references to ``BATS Y-Exchange, Inc.'' are proposed 
to be changed to ``Bats BYX Exchange, Inc.'';
     All references to ``EDGX Exchange, Inc.'' are proposed to 
be changed to ``Bats EDGX Exchange, Inc.''
    In addition to these changes, the Exchange proposes to modify its 
Fee Schedule to reflect the name change of the Exchange to Bats EDGA 
Exchange \8\ and to change all references to ``BATS'' to instead refer 
to ``Bats''. The Exchange also proposes on its Fee Schedule to refer to 
its affiliates, Bats BZX Exchange, Inc. and Bats BYX Exchange, Inc. (as 
each is proposed to be re-named), simply as ``BZX'' and ``BYX'', 
respectively. The Exchange believes that this is more consistent with 
other references on the Fee Schedule, such as the general references to 
``EDGX'', which refer to the Exchange's affiliate, Bats EDGX Exchange, 
Inc. (as proposed to be re-named).
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    \8\ The Exchange notes that the Exchange will continue to be 
referred to as ``EDGA'' in certain areas of the Fee Schedule. These 
areas of the Fee Schedule are: (i) The Fee Codes and Associated Fees 
table; (ii) footnote 1 under Membership Fees; (iii) Bats Connect 
pricing table; and (iv) Unicast Access--Order Entry.
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    The Exchange also proposes to amend Article First of the 
Certificate to change the name of the Exchange to Bats EDGA Exchange, 
Inc. and make conforming changes throughout, including the title of the 
Certificate. The Exchange proposes to amend the Bylaws to amend the 
title to reflect that the Bylaws will be titled the ``FIFTH AMENDED AND 
RESTATED BYLAWS OF BATS EDGA EXCHANGE, INC.'' The Exchange also 
proposes to amend Article I, paragraph (f) and Article XI, Section 2 to 
reflect the name changes.
    The name change from EDGA Exchange, Inc. to Bats EDGA Exchange, 
Inc. is a non-substantive change. No changes to the ownership or 
structure of the Exchange or BATS Global Markets, Inc. have taken 
place.
2. Statutory Basis
    The Exchange believes that its proposal is consistent with Section 
6(b) of the Act,\9\ in general, and furthers the objectives of Section 
6(b)(5) of the Act,\10\ in particular, in that it is designed to 
promote just and equitable principles of trade, to remove impediments 
to and perfect the mechanism of a free and open market and a national 
market system, and, in general to protect investors and the public 
interest. The Exchange also believes that the proposed rule change is 
consistent with Section 6(b)(1) of the Act \11\ in that it is

[[Page 12761]]

designed to continue to ensure that the Exchange is so organized and 
has the capacity to carry out the purposes of Act and to comply, and 
enforce compliance by its members with the provisions of the Act and 
the rules and regulations thereunder, and rules of the Exchange. The 
Exchange is proposing amendments to the Operative Documents to 
effectuate its name change to Bats EDGA Exchange, Inc. and to reflect 
the name changes of its affiliates. These changes are limited to 
capitalization and ministerial name changes and to reflect similar 
proposed rule changes to be submitted to the Commission by the 
Exchange's affiliates. The Exchange believes that the changes will 
protect investors and the public interest by eliminating confusion that 
may exist because of differences between its corporate name and the new 
naming conventions of the Parent and its subsidiaries, including the 
Exchange.
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    \9\ 15 U.S.C. 78f.
    \10\ 15 U.S.C. 78f(b)(5).
    \11\ 15 U.S.C. 78f(b)(1).
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B. Self-Regulatory Organization's Statement on Burden on Competition

    Because the rule change proposes ministerial changes related to the 
administration, and not the governance or operation, of the Exchange, 
the Exchange does not believe that the proposed rule change will impose 
any burden on competition not necessary or appropriate in furtherance 
of the purposes of the Act.

C. Self-Regulatory Organization's Statement on Comments on the Proposed 
Rule Change Received From Members, Participants, or Others

    The Exchange has not solicited, and does not intend to solicit, 
comments on this proposed rule change. The Exchange has not received 
any unsolicited written comments from Members or other interested 
parties.

III. Date of Effectiveness of the Proposed Rule Change and Timing for 
Commission Action

    Because it is concerned solely with the administration of the 
Exchange, the foregoing proposed rule change has become effective 
pursuant to Section 19(b)(3)(A)(iii) of the Act \12\ and Rule 19b-
4(f)(3) thereunder.\13\
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    \12\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \13\ 17 CFR 240.19b-4(f)(3).
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    At any time within 60 days of the filing of the proposed rule 
change, the Commission summarily may temporarily suspend such rule 
change if it appears to the Commission that such action is: (1) 
Necessary or appropriate in the public interest; (2) for the protection 
of investors; or (3) otherwise in furtherance of the purposes of the 
Act. If the Commission takes such action, the Commission shall 
institute proceedings to determine whether the proposed rule should be 
approved or disapproved.

IV. Solicitation of Comments

    Interested persons are invited to submit written data, views, and 
arguments concerning the foregoing, including whether the proposed rule 
change is consistent with the Act. Comments may be submitted by any of 
the following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an email to [email protected]. Please include 
File Number SR-EDGA-2016-05 on the subject line.

Paper Comments

     Send paper comments in triplicate to Secretary, Securities 
and Exchange Commission, 100 F Street NE., Washington, DC 20549-1090.
    All submissions should refer to File Number SR-EDGA-2016-05. This 
file number should be included on the subject line if email is used. To 
help the Commission process and review your comments more efficiently, 
please use only one method. The Commission will post all comments on 
the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, all 
written statements with respect to the proposed rule change that are 
filed with the Commission, and all written communications relating to 
the proposed rule change between the Commission and any person, other 
than those that may be withheld from the public in accordance with the 
provisions of 5 U.S.C. 552, will be available for Web site viewing and 
printing in the Commission's Public Reference Room, 100 F Street NE., 
Washington, DC 20549, on official business days between the hours of 
10:00 a.m. and 3:00 p.m. Copies of the filing also will be available 
for inspection and copying at the principal office of the Exchange. All 
comments received will be posted without change; the Commission does 
not edit personal identifying information from submissions. You should 
submit only information that you wish to make available publicly. All 
submissions should refer to File Number SR-EDGA-2016-05, and should be 
submitted on or before March 31, 2016.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\14\
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    \14\ 17 CFR 200.30-3(a)(12).
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Brent J. Fields,
Secretary.
[FR Doc. 2016-05328 Filed 3-9-16; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 81, No. 47 / Thursday, March 10, 2016 / Notices 12759 the Exchange or BATS Global Markets, III. Date of Effectiveness of the available for Web site viewing and Inc. have taken place. Proposed Rule Change and Timing for printing in the Commission’s Public Commission Action Reference Room, 100 F Street NE., 2. Statutory Basis Because it is concerned solely with Washington, DC 20549, on official The Exchange believes that its business days between the hours of the administration of the Exchange, the proposal is consistent with section 6(b) 10:00 a.m. and 3:00 p.m. Copies of the foregoing proposed rule change has of the Act,10 in general, and furthers the filing also will be available for become effective pursuant to section objectives of section 6(b)(5) of the Act,11 19(b)(3)(A)(iii) of the Act 13 and Rule inspection and copying at the principal in particular, in that it is designed to 19b–4(f)(3) thereunder.14 office of the Exchange. All comments promote just and equitable principles of At any time within 60 days of the received will be posted without change; trade, to remove impediments to and filing of the proposed rule change, the the Commission does not edit personal perfect the mechanism of a free and Commission summarily may identifying information from open market and a national market temporarily suspend such rule change if submissions. You should submit only system, and, in general to protect it appears to the Commission that such information that you wish to make investors and the public interest. The action is: (1) Necessary or appropriate in available publicly. All submissions Exchange also believes that the the public interest; (2) for the protection should refer to File Number SR–EDGX– proposed rule change is consistent with of investors; or (3) otherwise in 2016–14, and should be submitted on or section 6(b)(1) of the Act 12 in that it is furtherance of the purposes of the Act. before March 31,2016. designed to continue to ensure that the If the Commission takes such action, the For the Commission, by the Division of Exchange is so organized and has the Commission shall institute proceedings Trading and Markets, pursuant to delegated capacity to carry out the purposes of Act to determine whether the proposed rule authority.15 and to comply, and enforce compliance should be approved or disapproved. Brent J. Fields, by its members with the provisions of Secretary. the Act and the rules and regulations IV. Solicitation of Comments [FR Doc. 2016–05327 Filed 3–9–16; 8:45 am] thereunder, and rules of the Exchange. Interested persons are invited to BILLING CODE 8011–01–P The Exchange is proposing amendments submit written data, views, and to the Operative Documents to arguments concerning the foregoing, effectuate its name change to Bats EDGX including whether the proposed rule SECURITIES AND EXCHANGE Exchange, Inc. and to reflect the name change is consistent with the Act. COMMISSION changes of its affiliates. These changes Comments may be submitted by any of are limited to capitalization and the following methods: [Release No. 34–77299; File No. SR–EDGA– 2016–05] ministerial name changes and to reflect Electronic Comments similar proposed rule changes to be Self-Regulatory Organizations; EDGA submitted to the Commission by the • Use the Commission’s Internet Exchange, Inc.; Notice of Filing and Exchange’s affiliates. The Exchange comment form (http://www.sec.gov/ Immediate Effectiveness of a Proposed believes that the changes will protect rules/sro.shtml); or • Send an email to rule-comments@ Rule Change To Amend its Rules as investors and the public interest by Well as Certain Corporate Documents eliminating confusion that may exist sec.gov. Please include File Number SR– EDGX–2016–14 on the subject line. of the Exchange To Reflect a Legal because of differences between its Name Change by BATS Global corporate name and the new naming Paper Comments Markets, Inc. and the Legal Names of conventions of the Parent and its • Send paper comments in triplicate Certain Subsidiaries subsidiaries, including the Exchange. to Secretary, Securities and Exchange March 4, 2016. B. Self-Regulatory Organization’s Commission, 100 F Street NE., Pursuant to Section 19(b)(1) of the Statement on Burden on Competition Washington, DC 20549–1090. Securities Exchange Act of 1934 (the Because the rule change proposes All submissions should refer to File ‘‘Act’’),1 and Rule 19b–4 thereunder,2 ministerial changes related to the Number SR–EDGX–2016–14. This file notice is hereby given that on February administration, and not the governance number should be included on the 26, 2016, EDGA Exchange, Inc. f/k/a or operation, of the Exchange, the subject line if email is used. To help the EDGA Exchange, Inc. (the ‘‘Exchange’’ Exchange does not believe that the Commission process and review your or ‘‘EDGA’’) filed with the Securities proposed rule change will impose any comments more efficiently, please use and Exchange Commission burden on competition not necessary or only one method. The Commission will (‘‘Commission’’) the proposed rule appropriate in furtherance of the post all comments on the Commission’s change as described in Items I, II, and purposes of the Act. Internet Web site (http://www.sec.gov/ III below, which Items have been rules/sro.shtml). Copies of the prepared by the Exchange. The C. Self-Regulatory Organization’s submission, all subsequent Exchange has designated this proposal Statement on Comments on the amendments, all written statements as one being concerned solely with the Proposed Rule Change Received From with respect to the proposed rule administration of the Exchange Members, Participants, or Others change that are filed with the pursuant to Section 19(b)(3)(A)(iii) of The Exchange has not solicited, and Commission, and all written the Act 3 and Rule 19b–4(f)(3) does not intend to solicit, comments on communications relating to the thereunder,4 which renders the proposal mstockstill on DSK4VPTVN1PROD with NOTICES this proposed rule change. The proposed rule change between the effective upon filing with the Exchange has not received any Commission and any person, other than Commission. The Commission is unsolicited written comments from those that may be withheld from the Members or other interested parties. public in accordance with the 15 17 CFR 200.30–3(a)(12). provisions of 5 U.S.C. 552, will be 1 15 U.S.C. 78s(b)(1). 10 15 U.S.C. 78f. 2 17 CFR 240.19b–4. 11 15 U.S.C. 78f(b)(5). 13 15 U.S.C. 78s(b)(3)(A)(iii). 3 15 U.S.C. 78s(b)(3)(A)(iii). 12 15 U.S.C. 78f(b)(1). 14 17 CFR 240.19b–4(f)(3). 4 17 CFR 240.19b–4(f)(3). VerDate Sep<11>2014 17:55 Mar 09, 2016 Jkt 238001 PO 00000 Frm 00080 Fmt 4703 Sfmt 4703 E:\FR\FM\10MRN1.SGM 10MRN1

12760 Federal Register / Vol. 81, No. 47 / Thursday, March 10, 2016 / Notices publishing this notice to solicit changes’’).6 Therefore, the Exchange • All references to ‘‘BATS Y– comments on the proposed rule change proposes to amend its: (i) Rulebook; (ii) Exchange, Inc.’’ are proposed to be from interested persons. fee schedule issued pursuant to changed to ‘‘Bats BYX Exchange, Inc.’’; Exchange Rules 15.1(a) and (c) (‘‘Fee • All references to ‘‘EDGX Exchange, I. Self-Regulatory Organization’s Inc.’’ are proposed to be changed to Schedule’’); (iii) Restated Certificate of Statement of the Terms of Substance of ‘‘Bats EDGX Exchange, Inc.’’ Incorporation (‘‘Certificate’’); and (iv) the Proposed Rule Change In addition to these changes, the Fourth Amended and Restated Bylaws The Exchange is proposing a rule of the Exchange (‘‘Bylaws’’) Exchange proposes to modify its Fee change to amend its rules as well as (collectively, the ‘‘Operative Schedule to reflect the name change of certain corporate documents of the Documents’’) to reflect the name change the Exchange to Bats EDGA Exchange 8 Exchange to reflect a legal name change and to replace all references to ‘‘BATS’’ and to change all references to ‘‘BATS’’ by the Exchange’s ultimate parent with ‘‘Bats’’. to instead refer to ‘‘Bats’’. The Exchange entity, BATS Global Markets, Inc. (the The Exchange proposes to replace all also proposes on its Fee Schedule to ‘‘Parent’’) to Bats Global Markets, Inc., references to BATS with Bats refer to its affiliates, Bats BZX Exchange, throughout the Exchange’s Rulebook Inc. and Bats BYX Exchange, Inc. (as and the legal names of certain of the and Fee Schedule. The Exchange each is proposed to be re-named), Parent’s subsidiaries. As a result of this understands that its affiliated Exchanges simply as ‘‘BZX’’ and ‘‘BYX’’, change, the Exchange also proposes to also intend to file similar proposed rule respectively. The Exchange believes that amend its rules to change its name from changes with the Commission to amend this is more consistent with other EDGA Exchange, Inc. to Bats EDGA their exchange names.7 Therefore, the references on the Fee Schedule, such as Exchange, Inc. throughout its rules and Exchange proposes to amend the the general references to ‘‘EDGX’’, corporate documents. following rules to reflect the name which refer to the Exchange’s affiliate, The text of the proposed rule change Bats EDGX Exchange, Inc. (as proposed changes, including the expected filings is available at the Exchange’s Web site to be re-named). by its affiliates to amend their names: at www.batstrading.com, at the The Exchange also proposes to amend Rule 1.5 (Definitions), Rule 2.3 (Member principal office of the Exchange, and at Article First of the Certificate to change Eligibility), Rule 2.10 (Affiliation the Commission’s Public Reference the name of the Exchange to Bats EDGA Between Exchange and a Member), Rule Room. Exchange, Inc. and make conforming 2.11 (BATS Trading, Inc. as Outbound II. Self-Regulatory Organization’s Router), Rule 2.12 (BATS Trading, Inc. changes throughout, including the title as Inbound Router), Rule 11.11 (Routing of the Certificate. The Exchange Statement of the Purpose of, and to Away Trading Centers), Rule 13.4 proposes to amend the Bylaws to amend Statutory Basis for, the Proposed Rule (Usage of Data Feeds), Rule 13.8 (EDGA the title to reflect that the Bylaws will Change Book Feeds), Rule 13.9 (BATS Connect), be titled the ‘‘FIFTH AMENDED AND In its filing with the Commission, the RESTATED BYLAWS OF BATS EDGA Rule 14.2 (Investment Company Units), Exchange included statements EXCHANGE, INC.’’ The Exchange also and Rule 14.8 (Portfolio Depository concerning the purpose of and basis for proposes to amend Article I, paragraph Receipts). Throughout these rules, the the proposed rule change and discussed (f) and Article XI, Section 2 to reflect the Exchange proposes the following any comments it received on the name changes. changes: The name change from EDGA proposed rule change. The text of these • All references to ‘‘EDGA statements may be examined at the Exchange, Inc. to Bats EDGA Exchange, EXCHANGE’’ and ‘‘EDGA EXCHANGE, places specified in Item IV below. The Inc. is a non-substantive change. No Inc.’’ are proposed to be changed to Exchange has prepared summaries, set changes to the ownership or structure of ‘‘Bats EDGA Exchange’’ and ‘‘Bats forth in Sections A, B, and C below, of the Exchange or BATS Global Markets, EDGA Exchange, Inc.’’, respectively; Inc. have taken place. the most significant parts of such • All references to ‘‘EDGA’’ in Rule statements. 13.8 are proposed to be changed to ‘‘the 2. Statutory Basis A. Self-Regulatory Organization’s Exchange’’; The Exchange believes that its Statement of the Purpose of, and the • All references to ‘‘BATS’’ are proposal is consistent with Section 6(b) Statutory Basis for, the Proposed Rule proposed to be changed to ‘‘Bats’’; of the Act,9 in general, and furthers the • All references to the Parent are objectives of Section 6(b)(5) of the Act,10 Change proposed to be changed to ‘‘Bats Global in particular, in that it is designed to 1. Purpose Markets, Inc.’’ (which includes changes promote just and equitable principles of from ‘‘BATS’’ to ‘‘Bats’’ as well as the trade, to remove impediments to and The Exchange, on behalf of its Parent, correction of pre-existing errors in such recently filed to change the Parent’s perfect the mechanism of a free and references); open market and a national market legal name from ‘‘BATS Global Markets, • All references to ‘‘BATS Exchange, Inc.’’ to ‘‘Bats Global Markets, Inc.’’ 5 system, and, in general to protect Inc.’’ are proposed to be changed to investors and the public interest. The For the purposes of consistency, certain ‘‘Bats BZX Exchange, Inc.’’; of the Parent’s subsidiaries have also Exchange also believes that the undertaken to change their legal names. 6 The Exchange initially filed the proposed fee proposed rule change is consistent with As a result, the Exchange also proposes [sic] change on February 19, 2016 (SR–EDGA– Section 6(b)(1) of the Act 11 in that it is to change its name from EDGA 2016–04). On February 26, 2016, the Exchange withdrew that filing and submitted this filing. 8 The Exchange notes that the Exchange will mstockstill on DSK4VPTVN1PROD with NOTICES Exchange, Inc. to Bats EDGA Exchange, 7 The Exchange’s affiliates are EDGX Exchange, continue to be referred to as ‘‘EDGA’’ in certain Inc. throughout its rules and corporate Inc., BATS Exchange, Inc. and BATS Y-Exchange, areas of the Fee Schedule. These areas of the Fee documents (collectively, with the other Inc. The Exchange understands that proposed rule Schedule are: (i) The Fee Codes and Associated legal name changes for Parent and changes are to be filed by each of its affiliates to Fees table; (ii) footnote 1 under Membership Fees; amend their names as follows: EDGX Exchange, Inc. (iii) Bats Connect pricing table; and (iv) Unicast certain of its subsidiaries, the ‘‘name Access—Order Entry. would be changed to Bats EDGX Exchange, Inc., 9 15 U.S.C. 78f. BATS Exchange, Inc. would be amended to Bats 5 See Securities Exchange Act Release No. 77146 10 15 U.S.C. 78f(b)(5). BZX Exchange, Inc., and BATS Y-Exchange, Inc. (February 16, 2016) (SR–EDGA–2016–01). would be amended to Bats BYX Exchange, Inc. 11 15 U.S.C. 78f(b)(1). VerDate Sep<11>2014 19:09 Mar 09, 2016 Jkt 238001 PO 00000 Frm 00081 Fmt 4703 Sfmt 4703 E:\FR\FM\10MRN1.SGM 10MRN1

Federal Register / Vol. 81, No. 47 / Thursday, March 10, 2016 / Notices 12761 designed to continue to ensure that the If the Commission takes such action, the For the Commission, by the Division of Exchange is so organized and has the Commission shall institute proceedings Trading and Markets, pursuant to delegated capacity to carry out the purposes of Act to determine whether the proposed rule authority.14 and to comply, and enforce compliance should be approved or disapproved. Brent J. Fields, by its members with the provisions of Secretary. the Act and the rules and regulations IV. Solicitation of Comments [FR Doc. 2016–05328 Filed 3–9–16; 8:45 am] thereunder, and rules of the Exchange. Interested persons are invited to BILLING CODE 8011–01–P The Exchange is proposing amendments submit written data, views, and to the Operative Documents to arguments concerning the foregoing, effectuate its name change to Bats EDGA including whether the proposed rule SECURITIES AND EXCHANGE Exchange, Inc. and to reflect the name change is consistent with the Act. COMMISSION changes of its affiliates. These changes Comments may be submitted by any of [SEC File No. 270–523, OMB Control No. are limited to capitalization and the following methods: 3235–0585] ministerial name changes and to reflect similar proposed rule changes to be Electronic Comments Submission for OMB Review; submitted to the Commission by the Comment Request Exchange’s affiliates. The Exchange • Use the Commission’s Internet believes that the changes will protect comment form (http://www.sec.gov/ Upon Written Request, Copies Available investors and the public interest by rules/sro.shtml); or From: Securities and Exchange eliminating confusion that may exist • Send an email to rule-comments@ Commission, Office of FOIA Services, because of differences between its sec.gov. Please include File Number SR– 100 F Street NE., Washington, DC corporate name and the new naming EDGA–2016–05 on the subject line. 20549–2736. conventions of the Parent and its Extension: Rule 206(4)–7. subsidiaries, including the Exchange. Paper Comments Notice is hereby given that, pursuant B. Self-Regulatory Organization’s • Send paper comments in triplicate to the Paperwork Reduction Act of 1995 Statement on Burden on Competition to Secretary, Securities and Exchange (44 U.S.C. 3501 et seq.), the Securities Commission, 100 F Street NE., and Exchange Commission (the Because the rule change proposes Washington, DC 20549–1090. ‘‘Commission’’) has submitted to the ministerial changes related to the All submissions should refer to File Office of Management and Budget administration, and not the governance Number SR–EDGA–2016–05. This file (‘‘OMB’’) a request for extension of the or operation, of the Exchange, the number should be included on the previously approved collection of Exchange does not believe that the subject line if email is used. To help the information discussed below. proposed rule change will impose any The title for the collection of burden on competition not necessary or Commission process and review your information is ‘‘Investment Advisers Act appropriate in furtherance of the comments more efficiently, please use rule 206(4)–7 (17 CFR 275.206(4)–7), purposes of the Act. only one method. The Commission will Compliance procedures and practices.’’ post all comments on the Commission’s C. Self-Regulatory Organization’s Rule 206(4)–7 requires each investment Internet Web site (http://www.sec.gov/ Statement on Comments on the adviser registered with the Commission rules/sro.shtml). Copies of the Proposed Rule Change Received From to (i) adopt and implement internal submission, all subsequent Members, Participants, or Others compliance policies and procedures, (ii) amendments, all written statements The Exchange has not solicited, and review those policies and procedures with respect to the proposed rule does not intend to solicit, comments on annually, (iii) designate a chief change that are filed with the this proposed rule change. The compliance officer, and (iv) maintain Commission, and all written certain compliance records. Rule Exchange has not received any communications relating to the unsolicited written comments from 206(4)–7 is designed to protect investors proposed rule change between the by fostering better compliance with the Members or other interested parties. Commission and any person, other than securities laws. The collection of III. Date of Effectiveness of the those that may be withheld from the information under rule 206(4)–7 is Proposed Rule Change and Timing for public in accordance with the necessary to assure that investment Commission Action provisions of 5 U.S.C. 552, will be advisers maintain comprehensive available for Web site viewing and internal programs that promote the Because it is concerned solely with printing in the Commission’s Public advisers’ compliance with the the administration of the Exchange, the Reference Room, 100 F Street NE., Investment Advisers Act of 1940. The foregoing proposed rule change has Washington, DC 20549, on official information collection in the rule also become effective pursuant to Section business days between the hours of assists the Commission’s examination 19(b)(3)(A)(iii) of the Act 12 and Rule 10:00 a.m. and 3:00 p.m. Copies of the staff in assessing the adequacy advisers’ 19b–4(f)(3) thereunder.13 At any time within 60 days of the filing also will be available for compliance programs. This collection of filing of the proposed rule change, the inspection and copying at the principal information is found at 17 CFR Commission summarily may office of the Exchange. All comments 275.206(4)–7 and is mandatory. temporarily suspend such rule change if received will be posted without change; The information documented the Commission does not edit personal mstockstill on DSK4VPTVN1PROD with NOTICES it appears to the Commission that such pursuant to rule 206(4)–7 is reviewed by action is: (1) Necessary or appropriate in identifying information from the Commission’s examination staff; it the public interest; (2) for the protection submissions. You should submit only will be accorded the same level of of investors; or (3) otherwise in information that you wish to make confidentiality accorded to other furtherance of the purposes of the Act. available publicly. All submissions responses provided to the Commission should refer to File Number SR–EDGA– in the context of its examination and 12 15 U.S.C. 78s(b)(3)(A)(iii). 2016–05, and should be submitted on or 13 17 CFR 240.19b–4(f)(3). before March 31, 2016. 14 17 CFR 200.30–3(a)(12). 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Document Created: 2018-02-02 15:11:39
Document Modified: 2018-02-02 15:11:39
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation81 FR 12759 
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