82 FR 34339 - Self-Regulatory Organizations; Bats EDGA Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Adopt Rule 4.17, Consolidated Audit Trail-Fee Dispute Resolution

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 140 (July 24, 2017)

Page Range		34339-34339
FR Document		2017-15411

Federal Register, Volume 82 Issue 140 (Monday, July 24, 2017)

[Federal Register Volume 82, Number 140 (Monday, July 24, 2017)]
[Notices]
[Page 34339]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-15411]



[[Page 34339]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81158; File No. SR-BatsEDGA-2017-14]


Self-Regulatory Organizations; Bats EDGA Exchange, Inc.; Notice 
of Designation of a Longer Period for Commission Action on a Proposed 
Rule Change To Adopt Rule 4.17, Consolidated Audit Trail--Fee Dispute 
Resolution

July 18, 2017.
    On May 23, 2017, Bats EDGA Exchange, Inc. (``EDGA'' or the 
``Exchange'') 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 adopt Rule 4.17 (Consolidated 
Audit Trail--Fee Dispute Resolution). The proposed rule change was 
published for comment in the Federal Register on June 7, 2017.\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\ Securities Exchange Act Release No. 80835 (June 1, 2017), 82 
FR 26549 (``Notice'').
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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. The 
proposed rule change would establish the procedures for resolving 
potential disputes related to CAT Fees charged to Industry Members.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates September 5, 2017, 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-BatsEDGA-2017-14).
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    \5\ 15 U.S.C. 78s(b)(2).

    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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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-15411 Filed 7-21-17; 8:45 am]
BILLING CODE 8011-01-P

Federal Register / Vol. 82, No. 140 / Monday, July 24, 2017 / Notices 34339

SECURITIES AND EXCHANGE disapprove the proposed rule change only under circumstances in which a
COMMISSION (File Number SR–BatsEDGA–2017–14). Jeffries Trading Entity might be deemed
For the Commission, by the Division of an affiliated person of an affiliated
[Release No. 34–81158; File No. SR– Trading and Markets, pursuant to delegated person (a ‘‘second-tier affiliate’’) of a
BatsEDGA–2017–14] authority.6 Fund solely as a result of the formation
Eduardo A. Aleman, of Jeffries Finance LLC (‘‘JFIN’’), a joint
Self-Regulatory Organizations; Bats Assistant Secretary. venture of which each of Massachusetts
EDGA Exchange, Inc.; Notice of Mutual Life Insurance Co.
[FR Doc. 2017–15411 Filed 7–21–17; 8:45 am]
Designation of a Longer Period for (‘‘MassMutual’’), the indirect parent
BILLING CODE 8011–01–P
Commission Action on a Proposed company of each of the Advisers, and
Rule Change To Adopt Rule 4.17, Jeffries Group LLC (‘‘Jeffries’’), the
Consolidated Audit Trail—Fee Dispute SECURITIES AND EXCHANGE parent company of each of the Jeffries
Resolution Trading Entities, own more than 25% of
COMMISSION
the outstanding voting securities, as that
July 18, 2017. [Investment Company Act Release No. term is defined in Section 2(a)(42) of the
On May 23, 2017, Bats EDGA 32734; File No. 812–14607] Act.
Exchange, Inc. (‘‘EDGA’’ or the FILING DATES: The application was filed
Barings LLC, et al.
‘‘Exchange’’) filed with the Securities on February 2, 2016, and subsequently
and Exchange Commission July 18, 2017. amended on July 15, 2016, December
(‘‘Commission’’), pursuant to Section AGENCY: Securities and Exchange 20, 2016 and May 12, 2017.
19(b)(1) of the Securities Exchange Act Commission (‘‘Commission’’). HEARING OR NOTIFICATION OF HEARING:
of 1934 (‘‘Act’’ or ‘‘Exchange Act’’) 1 and ACTION: Notice of an application for an An order granting the application will
Rule 19b–4 thereunder,2 a proposed rule order under section 17(b) of the be issued unless the Commission orders
change to adopt Rule 4.17 (Consolidated Investment Company Act of 1940 (the a hearing. Interested persons may
Audit Trail—Fee Dispute Resolution). ‘‘Act’’) granting an exemption from request a hearing by writing to the
The proposed rule change was section 17(a) of the Act, and under Commission’s Secretary and serving
published for comment in the Federal section 17(d) of the Act and rule 17d– applicants with a copy of the request,
Register on June 7, 2017.3 The 1 thereunder permitting certain joint personally or by mail. Hearing requests
Commission received no comment transactions. should be received by the Commission
letters on the proposed rule change. by 5:30 p.m. on August 14, 2017 and
Section 19(b)(2) of the Act 4 provides APPLICANTS: Barings LLC (the ‘‘Barings should be accompanied by proof of
that, within 45 days of the publication Adviser’’), Barings Global Advisors service on the applicants, in the form of
of notice of the filing of a proposed rule Limited (‘‘BGA’’), certain investment an affidavit, or, for lawyers, a certificate
change, or within such longer period up companies or series of investment of service. Pursuant to Rule 0–5 under
to 90 days as the Commission may companies advised by the Barings the Act, hearing requests should state
designate if it finds such longer period Adviser (the ‘‘Barings Funds’’), certain the nature of the writer’s interest, any
to be appropriate and publishes its series of MassMutual Premier Funds, facts bearing upon the desirability of a
reasons for so finding or as to which the MassMutual Select Funds, MML Series hearing on the matter, the reason for the
self-regulatory organization consents, Investment Fund, and MML Series request, and the issues contested.
the Commission shall either approve the Investment Fund II (the ‘‘MML Funds’’) Persons who wish to be notified of a
proposed rule change, disapprove the advised by MML Investment Advisers, hearing may request notification by
proposed rule change, or institute LLC (the ‘‘MML Adviser’’ and, together writing to the Commission’s Secretary.
proceedings to determine whether the with the Barings Adviser and BGA, the ADDRESSES: Secretary, U.S. Securities
proposed rule change should be ‘‘Advisers’’) (the MML Funds together and Exchange Commission, 100 F Street
disapproved. The Commission is with the Barings Funds, the ‘‘Funds’’); NE., Washington, DC 20549–1090. The
extending this 45-day time period. and Jeffries LLC (‘‘JEFLLC’’), Jeffries Applicants: c/o Gregory D. Sheehan,
International Limited (‘‘JIL’’) and Jeffries Esq. and Brian D. McCabe, Esq., Ropes
The Commission finds that it is
Leveraged Credit Products, LLC (‘‘JLCP’’ & Gray LLP, Prudential Tower, 800
appropriate to designate a longer period
and, together with JEFLLC and JIL, the Boylston Street, Boston, MA 02199,
within which to take action on the
‘‘Jeffries Trading Entities’’ and the with copies to Christopher DeFrancis,
proposed rule change so that it has
Jeffries Trading Entities, together with Esq., Barings LLC, 1500 Main Street,
sufficient time to consider the proposed
the Advisers and the Funds, the Springfield, MA 01115 and Sheldon
rule change. The proposed rule change
‘‘Applicants’’). Francis, Esq., Barings LLC, 550 South
would establish the procedures for
SUMMARY OF APPLICATION: As more fully Tyron Street, Suite 3300, Charlotte, NC
resolving potential disputes related to
described in the application, applicants 28202.
CAT Fees charged to Industry Members.
seek an order to permit ‘‘Securities FOR FURTHER INFORMATION CONTACT: Kyle
Accordingly, the Commission, R. Ahlgren, Senior Counsel, at (202)
pursuant to Section 19(b)(2) of the Act,5 Transactions’’ consisting of: (1) Primary
and secondary market transactions in 551–6857, or Aaron T. Gilbride, Acting
designates September 5, 2017, as the Branch Chief, at (202) 551–6906
fixed-income securities executed on a
date by which the Commission should (Division of Investment Management,
principal basis between the Funds and
either approve or disapprove or institute Chief Counsel’s Office).
the Jeffries Trading Entities; and (2)
mstockstill on DSK30JT082PROD with NOTICES

proceedings to determine whether to
certain types of transactions in which SUPPLEMENTARY INFORMATION: The
1 15
the Jeffries Trading Entities and the following is a summary of the
U.S.C. 78s(b)(1).
2 17
Funds might each participate jointly or application. The complete application
CFR 240.19b–4.
3 Securities Exchange Act Release No. 80835 have a joint interest (‘‘Joint may be obtained via the Commission’s
(June 1, 2017), 82 FR 26549 (‘‘Notice’’). Transactions’’). The order would apply Web site by searching for the file
4 15 U.S.C. 78s(b)(2). number, or an applicant using the
5 15 U.S.C. 78s(b)(2). 6 17 CFR 200.30–3(a)(31). Company name box, at http://

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Document Created: 2017-07-22 01:20:12
Document Modified: 2017-07-22 01:20:12

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		82 FR 34339