81 FR 29311 - Self-Regulatory Organizations; BATS Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment Nos. 1 and 2, To List and Trade Shares of the Pointbreak Diversified Commodity Strategy Fund of the Pointbreak ETF Trust Under BATS Rule 14.11(i), Managed Fund Shares

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 91 (May 11, 2016)

[Federal Register Volume 81, Number 91 (Wednesday, May 11, 2016)]
[Notices]
[Pages 29311-29312]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-11011]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-77770; File No. SR-BATS-2016-16]


Self-Regulatory Organizations; BATS Exchange, Inc.; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change, as Modified by Amendment Nos. 1 and 2, To List and Trade Shares 
of the Pointbreak Diversified Commodity Strategy Fund of the Pointbreak 
ETF Trust Under BATS Rule 14.11(i), Managed Fund Shares

May 5, 2016.
    On March 7, 2016, BATS Exchange, Inc. (``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 list and trade 
shares of the Pointbreak Diversified Commodity Strategy Fund of the 
Pointbreak ETF Trust under BATS Rule 14.11(i). The proposed rule change 
was published for comment in the

[[Page 29312]]

Federal Register on March 22, 2016.\3\ On April 8, 2016, the Exchange 
submitted Amendment No. 1 to the proposed rule change, and on April 14, 
2016, the Exchange submitted Amendment No. 2 to the proposed rule 
change.\4\ The Commission received no comment letters on the proposed 
rule change.
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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. 77379 (March 16, 
2016), 81 FR 15387.
    \4\ Amendment No. 1 replaced and superseded the original filing 
in its entirety. Amendment No. 1 is available at http://www.sec.gov/comments/sr-bats-2016-16/bats201616-1.pdf. Amendment No. 2 amended 
the filing. Amendment No. 2 is available at http://www.sec.gov/comments/sr-bats-2016-16/bats201616-2.pdf.
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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 disapproved. 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 that it is appropriate to designate a longer 
period within which to take action on 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 
Act,\6\ designates June 20, 2016, as the date by which the Commission 
should either approve or disapprove or institute proceedings to 
determine whether to disapprove the proposed rule change (File Number 
SR-BATS-2016-16), as modified by Amendment Nos. 1 and 2.
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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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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-11011 Filed 5-10-16; 8:45 am]
 BILLING CODE 8011-01-P