81 FR 40381 - Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change to Rule 14.11, Managed Fund Shares, To List and Trade Shares of the Pointbreak Agriculture Commodity Strategy Fund of the Pointbreak ETF Trust

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 119 (June 21, 2016)

Page Range		40381-40381
FR Document		2016-14559

Federal Register, Volume 81 Issue 119 (Tuesday, June 21, 2016)

[Federal Register Volume 81, Number 119 (Tuesday, June 21, 2016)]
[Notices]
[Page 40381]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-14559]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-78079; File No. SR-BatsBZX-2016-09]


Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change to Rule 14.11, Managed Fund Shares, To List and Trade Shares of 
the Pointbreak Agriculture Commodity Strategy Fund of the Pointbreak 
ETF Trust

June 15, 2016.
    On April 15, 2016, Bats BZX 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 (``Shares'') of the Pointbreak Agriculture Commodity 
Strategy Fund of the Pointbreak ETF Trust under BATS Rule 14.11(i). The 
proposed rule change was published for comment in the Federal Register 
on May 3, 2016.\3\ 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. 77723 (April 27, 
2016), 81 FR 26600.
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    Section 19(b)(2) of the Act \4\ 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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    \4\ 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,\5\ designates August 1, 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-BatsBZX-2016-09).
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    \5\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(31).
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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-14559 Filed 6-20-16; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 81, No. 119 / Tuesday, June 21, 2016 / Notices 40381

10:00 a.m. and 3:00 p.m. Copies of the self-regulatory organization consents, Fund under NYSE Arca Equities Rule
filing also will be available for the Commission shall either approve the 8.201. The proposed rule change is
inspection and copying at the principal proposed rule change, disapprove the available on the Exchange’s Web site at
office of the Exchange. All comments proposed rule change, or institute www.nyse.com, at the principal office of
received will be posted without change; proceedings to determine whether the the Exchange, and at the Commission’s
the Commission does not edit personal proposed rule change should be Public Reference Room.
identifying information from disapproved. The Commission is
II. Self-Regulatory Organization’s
submissions. You should submit only extending this 45-day time period.
The Commission finds that it is Statement of the Purpose of, and
information that you wish to make
appropriate to designate a longer period Statutory Basis for, the Proposed Rule
available publicly. All submissions
within which to take action on the Change
should refer to File Number SR–
NYSEARCA–2016–86 and should be proposed rule change so that it has In its filing with the Commission, the
submitted on or before July 12, 2016. sufficient time to consider the proposed self-regulatory organization included
For the Commission, by the Division of rule change. Accordingly, the statements concerning the purpose of,
Trading and Markets, pursuant to delegated Commission, pursuant to section and basis for, the proposed rule change
authority.10 19(b)(2) of the Act,5 designates August and discussed any comments it received
Robert W. Errett, 1, 2016, as the date by which the on the proposed rule change. The text
Deputy Secretary. Commission should either approve or of those statements may be examined at
[FR Doc. 2016–14557 Filed 6–20–16; 8:45 am]
disapprove or institute proceedings to the places specified in Item IV below.
determine whether to disapprove the The Exchange has prepared summaries,
BILLING CODE 8011–01–P
proposed rule change (File Number SR– set forth in sections A, B, and C below,
BatsBZX–2016–09). of the most significant parts of such
SECURITIES AND EXCHANGE For the Commission, by the Division of statements.
COMMISSION Trading and Markets, pursuant to delegated A. Self-Regulatory Organization’s
authority.6
[Release No. 34–78079; File No. SR– Statement of the Purpose of, and the
Robert W. Errett, Statutory Basis for, the Proposed Rule
BatsBZX–2016–09]
Deputy Secretary. Change
Self-Regulatory Organizations; Bats [FR Doc. 2016–14559 Filed 6–20–16; 8:45 am]
BZX Exchange, Inc.; Notice of BILLING CODE 8011–01–P
1. Purpose
Designation of a Longer Period for The Exchange proposes to list and
Commission Action on a Proposed trade (‘‘Shares’’) of the Global Currency
Rule Change to Rule 14.11, Managed SECURITIES AND EXCHANGE Gold Fund (the ‘‘Fund’’), a series of the
Fund Shares, To List and Trade Shares COMMISSION Global Gold Currency Trust (Trust’’),
of the Pointbreak Agriculture [Release No. 34–78075; File No. SR– under NYSE Arca Equities Rule 8.201.4
Commodity Strategy Fund of the NYSEArca–2016–84] Under NYSE Arca Equities Rule 8.201,
Pointbreak ETF Trust the Exchange may propose to list and/
Self-Regulatory Organizations; NYSE or trade pursuant to unlisted trading
June 15, 2016. Arca, Inc.; Notice of Filing of Proposed privileges (‘‘UTP’’) ‘‘Commodity-Based
On April 15, 2016, Bats BZX Rule Change To List and Trade Shares Trust Shares.’’ 5
Exchange, Inc. (‘‘Exchange’’) filed with of the Global Currency Gold Fund The Fund will not be registered as an
the Securities and Exchange Under NYSE Arca Equities Rule 8.201 investment company under the
Commission (‘‘Commission’’), pursuant Investment Company Act of 1940 6 and
to section 19(b)(1) of the Securities June 15, 2016.
is not required to register under such
Exchange Act of 1934 (‘‘Act’’) 1 and Rule Pursuant to section 19(b)(1) 1 of the
act.
19b–4 thereunder,2 a proposed rule Securities Exchange Act of 1934 (the
The Sponsor of the Fund and the
change to list and trade shares ‘‘Act’’) 2 and Rule 19b–4 thereunder,3
Trust will be WGC USA Asset
(‘‘Shares’’) of the Pointbreak Agriculture notice is hereby given that, on June 1,
Management Company, LLC (the
Commodity Strategy Fund of the 2016, NYSE Arca, Inc. (the ‘‘Exchange’’
‘‘Sponsor’’).7 BNY Mellon Asset
Pointbreak ETF Trust under BATS Rule or ‘‘NYSE Arca’’) filed with the
14.11(i). The proposed rule change was Securities and Exchange Commission 4 On May 26, 2016, the Trust filed with the
published for comment in the Federal (the ‘‘Commission’’) the proposed rule Commission an amended registration statement on
Register on May 3, 2016.3 The change as described in Items I and II Form S–1 under the Securities Act of 1933 (‘‘1933
Commission received no comment below, which Items have been prepared Act’’) relating to the Fund (File No. 333–206640)
by the self-regulatory organization. The (‘‘Registration Statement’’). The description of the
letters on the proposed rule change. operation of the Trust and the Fund herein is based,
Section 19(b)(2) of the Act 4 provides Commission is publishing this notice to in part, on the Registration Statement.
that, within 45 days of the publication solicit comments on the proposed rule 5 Commodity-Based Trust Shares are securities

of notice of the filing of a proposed rule change from interested persons. issued by a trust that represent investors’ discrete
change, or within such longer period up identifiable and undivided beneficial ownership
I. Self-Regulatory Organization’s interest in the commodities deposited into the
to 90 days as the Commission may
Statement of the Terms of Substance of Trust.
designate if it finds such longer period 6 15 U.S.C. 80a–1.
asabaliauskas on DSK3SPTVN1PROD with NOTICES

the Proposed Rule Change
to be appropriate and publishes its 7 The Trust will be a Delaware statutory trust

reasons for so finding or as to which the The Exchange proposes to list and consisting of multiple series, each of which will
trade shares of the Global Currency Gold issue common units of beneficial interest, which
10 17 represent units of fractional undivided beneficial
CFR 200.30–3(a)(12).
1 15 5 Id. interest in and ownership of such series. The term
U.S.C. 78s(b)(1). of the Trust and each series will be perpetual
2 17 CFR 240.19b–4. 6 17 CFR 200.30–3(a)(31). (unless terminated earlier in certain circumstances).
3 See Securities Exchange Act Release No. 77723 1 15 U.S.C. 78s(b)(1). The trustee for the Fund’s trust (‘‘Trustee’’) will be
(April 27, 2016), 81 FR 26600. 2 15 U.S.C. 78a.
a Delaware Trust Company, the sole trustee with
4 15 U.S.C. 78s(b)(2). 3 17 CFR 240.19b–4. respect to the Fund.

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Document Created: 2016-06-21 01:30:35
Document Modified: 2016-06-21 01:30:35

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
FR Citation		81 FR 40381