82_FR_38882 82 FR 38726 - Self-Regulatory Organizations; Bats 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, as Modified by Amendment No. 1, To List and Trade Shares of the VanEck Vectors AMT-Free National Municipal Index ETF of VanEck Vectors ETF Trust Under BZX Rule 14.11(c)(4)

82 FR 38726 - Self-Regulatory Organizations; Bats 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, as Modified by Amendment No. 1, To List and Trade Shares of the VanEck Vectors AMT-Free National Municipal Index ETF of VanEck Vectors ETF Trust Under BZX Rule 14.11(c)(4)

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 156 (August 15, 2017)

Page Range38726-38726
FR Document2017-17171

Federal Register, Volume 82 Issue 156 (Tuesday, August 15, 2017) 
[Federal Register Volume 82, Number 156 (Tuesday, August 15, 2017)]
[Notices]
[Page 38726]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-17171]



[[Page 38726]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81363; File No. SR-BatsBZX-2017-07)]


Self-Regulatory Organizations; Bats 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, as 
Modified by Amendment No. 1, To List and Trade Shares of the VanEck 
Vectors AMT-Free National Municipal Index ETF of VanEck Vectors ETF 
Trust Under BZX Rule 14.11(c)(4)

August 9, 2017.
    On January 27, 2017, 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 of the VanEck Vectors AMT-Free National Municipal Index 
ETF of VanEck Vectors ETF Trust under BZX Rule 14.11(c)(4). The 
proposed rule change was published for comment in the Federal Register 
on February 14, 2017.\3\ On March 10, 2017, the Exchange filed 
Amendment No. 1 to the proposed rule change.\4\ On March 30, 2017, 
pursuant to Section 19(b)(2) of the Act,\5\ the Commission designated a 
longer period within which to approve the proposed rule change, 
disapprove the proposed rule change, or institute proceedings to 
determine whether to approve or disapprove the proposed rule change.\6\ 
On May 11, 2017, the Commission instituted proceedings to determine 
whether to approve or disapprove the proposed rule change.\7\ The 
Commission has received no comments 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. 79989 (February 8, 
2017), 82 FR 10615.
    \4\ Amendment No. 1 to the proposed rule change is available on 
the Commission's Web site at: https://www.sec.gov/comments/sr-batsbzx-2017-07/batsbzx201707-1667531-148997.pdf.
    \5\ 15 U.S.C. 78s(b)(2).
    \6\ See Securities Exchange Act Release No. 80350, 82 FR 16647 
(April 5, 2017).
    \7\ See Securities Exchange Act Release No. 80664, 82 FR 22680 
(May 17, 2017).
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    Section 19(b)(2) of the 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 the reasons for such determination. The proposed rule 
change was published for notice and comment in the Federal Register on 
February 14, 2017. August 13, 2017 is 180 days from that date, and 
October 12, 2017 is 240 days from that date.
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    \8\ 15 U.S.C. 78s(b)(2).
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    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 this proposed 
rule change. Accordingly, the Commission, pursuant to Section 19(b)(2) 
of the Act,\9\ designates October 12, 2017 as the date by which the 
Commission shall either approve or disapprove the proposed rule change 
(File No. SR-BatsBZX-2017-07), as modified by Amendment No. 1.
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    \9\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\10\
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    \10\ 17 CFR 200.30-3(a)(57).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-17171 Filed 8-14-17; 8:45 am]
 BILLING CODE 8011-01-P

38726 Federal Register / Vol. 82, No. 156 / Tuesday, August 15, 2017 / Notices SECURITIES AND EXCHANGE the period for issuing an order I. Self-Regulatory Organization’s COMMISSION approving or disapproving the proposed Statement of the Terms of Substance of rule change by not more than 60 days the Proposed Rule Change [Release No. 34–81363; File No. SR– BatsBZX–2017–07)] if the Commission determines that a The Exchange proposes to amend longer period is appropriate and Rule 804, entitled ‘‘Market Maker Self-Regulatory Organizations; Bats publishes the reasons for such Quotations.’’ BZX Exchange, Inc.; Notice of determination. The proposed rule The text of the proposed rule change Designation of a Longer Period for change was published for notice and is available on the Exchange’s Web site Commission Action on Proceedings To comment in the Federal Register on at www.ise.com, at the principal office Determine Whether To Approve or February 14, 2017. August 13, 2017 is of the Exchange, and at the Disapprove a Proposed Rule Change, 180 days from that date, and October 12, Commission’s Public Reference Room. as Modified by Amendment No. 1, To 2017 is 240 days from that date. List and Trade Shares of the VanEck II. Self-Regulatory Organization’s The Commission finds it appropriate Statement of the Purpose of, and Vectors AMT-Free National Municipal Index ETF of VanEck Vectors ETF to designate a longer period within Statutory Basis for, the Proposed Rule Trust Under BZX Rule 14.11(c)(4) which to issue an order approving or Change disapproving the proposed rule change In its filing with the Commission, the August 9, 2017. so that it has sufficient time to consider Exchange included statements On January 27, 2017, Bats BZX this proposed rule change. Accordingly, concerning the purpose of and basis for Exchange, Inc. (‘‘Exchange’’) filed with the Commission, pursuant to Section the proposed rule change and discussed the Securities and Exchange 19(b)(2) of the Act,9 designates October any comments it received on the Commission (‘‘Commission’’), pursuant 12, 2017 as the date by which the proposed rule change. The text of these to Section 19(b)(1) of the Securities Commission shall either approve or statements may be examined at the Exchange Act of 1934 (‘‘Act’’) 1 and Rule disapprove the proposed rule change places specified in Item IV below. The 19b–4 thereunder,2 a proposed rule (File No. SR–BatsBZX–2017–07), as Exchange has prepared summaries, set change to list and trade shares of the modified by Amendment No. 1. forth in sections A, B, and C below, of VanEck Vectors AMT-Free National the most significant aspects of such Municipal Index ETF of VanEck Vectors For the Commission, by the Division of Trading and Markets, pursuant to delegated statements. ETF Trust under BZX Rule 14.11(c)(4). The proposed rule change was authority.10 A. Self-Regulatory Organization’s published for comment in the Federal Eduardo A. Aleman, Statement of the Purpose of, and Register on February 14, 2017.3 On Assistant Secretary. Statutory Basis for, the Proposed Rule March 10, 2017, the Exchange filed [FR Doc. 2017–17171 Filed 8–14–17; 8:45 am] Change Amendment No. 1 to the proposed rule BILLING CODE 8011–01–P 1. Purpose change.4 On March 30, 2017, pursuant to Section 19(b)(2) of the Act,5 the The Exchange proposes to amend Commission designated a longer period MRX Rule 804, entitled ‘‘Market Maker SECURITIES AND EXCHANGE Quotations’’ to amend the current rule within which to approve the proposed COMMISSION rule change, disapprove the proposed text at MRX Rule 804(g)(1) and (2) to rule change, or institute proceedings to adopt a revised description of the determine whether to approve or [Release No. 34–81359; File No. SR–MRX– manner in which MRX removes Market disapprove the proposed rule change.6 2017–14] Maker quotes when certain risk On May 11, 2017, the Commission parameters have been triggered. The Self-Regulatory Organizations; Nasdaq Exchange believes that the proposed instituted proceedings to determine MRX, LLC; Notice of Filing and new rule text will provide more detailed whether to approve or disapprove the proposed rule change.7 The Commission Immediate Effectiveness of Proposed information to participants concerning has received no comments on the Rule Change Regarding Market Maker the manner in which these risk features proposed rule change. Quotations will remove quotes from the Order Section 19(b)(2) of the Act 8 provides August 9, 2017. Book. that, after initiating disapproval Today, MRX Rule 804(g)(1) provides proceedings, the Commission shall issue Pursuant to Section 19(b)(1) of the that a Market Maker must provide an order approving or disapproving the Securities Exchange Act of 1934 parameters by which the Exchange will proposed rule change not later than 180 (‘‘Act’’),1 and Rule 19b–4 thereunder,2 automatically remove a Market Maker’s days after the date of publication of notice is hereby given that on July 26, quotations in all series of an options notice of filing of the proposed rule 2017, Nasdaq MRX, LLC (‘‘MRX’’ or class. If a Market Maker does not change. The Commission may extend ‘‘Exchange’’) filed with the Securities provide parameters then the Exchange and Exchange Commission will apply default parameters 1 15 U.S.C. 78s(b)(1). (‘‘Commission’’) the proposed rule announced to members. The Exchange 2 17 CFR 240.19b–4. change as described in Items I and II, will automatically remove a Market 3 See Securities Exchange Act Release No. 79989 below, which Items have been prepared Maker’s quotation when, during a time (February 8, 2017), 82 FR 10615. 4 Amendment No. 1 to the proposed rule change by the Exchange. The Commission is period established by the Market Maker, publishing this notice to solicit the Market Maker exceeds: (i) The mstockstill on DSK30JT082PROD with NOTICES is available on the Commission’s Web site at: https://www.sec.gov/comments/sr-batsbzx-2017-07/ comments on the proposed rule change specified number of total contracts in batsbzx201707-1667531-148997.pdf. the class, (ii) the specified percentage of 5 15 U.S.C. 78s(b)(2). from interested persons. 6 See Securities Exchange Act Release No. 80350, the total size of the Market Maker’s 82 FR 16647 (April 5, 2017). 9 Id. quotes in the class, (iii) the specified 7 See Securities Exchange Act Release No. 80664, 10 17 CFR 200.30–3(a)(57). absolute value of the net between 82 FR 22680 (May 17, 2017). 1 15 U.S.C. 78s(b)(1). contracts bought and contracts sold in 8 15 U.S.C. 78s(b)(2). 2 17 CFR 240.19b–4. the class, or (iv) the specified absolute VerDate Sep<11>2014 17:15 Aug 14, 2017 Jkt 241001 PO 00000 Frm 00058 Fmt 4703 Sfmt 4703 E:\FR\FM\15AUN1.SGM 15AUN1


Document Created: 2017-08-15 01:12:31
Document Modified: 2017-08-15 01:12:31
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 Citation82 FR 38726 
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