82 FR 39930 - Self-Regulatory Organizations; Bats EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Rule 21.2, Days and Hours of Business

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 161 (August 22, 2017)

Page Range		39930-39932
FR Document		2017-17683
Federal Register, Volume 82 Issue 161 (Tuesday, August 22, 2017)
[Federal Register Volume 82, Number 161 (Tuesday, August 22, 2017)]
[Notices]
[Pages 39930-39932]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-17683]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81407; File No. SR-BatsEDGX-2017-33]


Self-Regulatory Organizations; Bats EDGX Exchange, Inc.; Notice 
of Filing and Immediate Effectiveness of a Proposed Rule Change to Rule 
21.2, Days and Hours of Business

August 16, 2017.
    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 August 2, 2017, Bats EDGX Exchange, Inc. (the ``Exchange'' or 
``EDGX'') filed with the Securities and Exchange Commission (the 
``Commission'') the proposed rule change as described in Items I and II 
below, which Items have been prepared by the Exchange. The Exchange has 
designated this proposal as a ``non-

[[Page 39931]]

controversial'' proposed rule change pursuant to Section 19(b)(3)(A) of 
the Act \3\ and Rule 19b-4(f)(6)(iii) thereunder,\4\ which renders it 
effective upon filing with the Commission. The Commission is 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).
    \4\ 17 CFR 240.19b-4(f)(6)(iii).
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The Exchange filed a proposal to amend Rule 21.2, Days and Hours of 
Business.
    The text of the proposed rule change is available at the Exchange's 
Web site at www.bats.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 
Statutory Basis for, the Proposed Rule Change

1. Purpose
    The purpose of this filing is to amend Rule 21.2 to clarify the 
trading hours for options on fund shares (``ETF's'') and exchange-
traded notes (``ETNs''). Specifically, the Exchange seeks to amend Rule 
21.2 to provide that options on ETF's and ETNs (collectively exchange-
traded products or ``ETPs'') may be traded on the Exchange until 3:15 
p.m. (CT) each business day. The Exchange notes that the proposed rule 
is based on C2 Options Exchange, Incorporated (``C2'') Rule 6.1 and 
NYSE MKT LLC (``NYSE MKT'') Rule 901NY Commentary .02.
    Currently, Rule 21.2 provides that all options on ETPs will be 
traded on the Exchange until 3:15 p.m. (CT); however, industry practice 
and the Exchange's current practice allow the vast majority of options 
on ETPs to be traded until 3:00 p.m. (CT), while allowing certain 
options on ETPs to trade until 3:15 p.m. (CT).\5\ This filing seeks to 
align EDGX Rules with industry practice.
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    \5\ See e.g., the trading hours of options on NYSE MKT and NYSE 
Arca Inc., available at, https://www.nyse.com/markets/hours-calendars.
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2. Statutory Basis
    The Exchange believes the proposed rule change is consistent with 
the Securities Exchange Act of 1934 (the ``Act'') and the rules and 
regulations thereunder applicable to the Exchange and, in particular, 
the requirements of Section 6(b) of the Act. Specifically, the Exchange 
believes the proposed rule change is consistent with the Section 
6(b)(5) requirements that the rules of an exchange be designed to 
prevent fraudulent and manipulative acts and practices, to promote just 
and equitable principles of trade, to foster cooperation and 
coordination with persons engaged in regulating, clearing, settling, 
processing information with respect to, and facilitating transactions 
in securities, 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. Additionally, the Exchange 
believes the proposed rule change is consistent with the Section 
6(b)(5) requirement that the rules of an exchange not be designed to 
permit unfair discrimination between customers, issuers, brokers, or 
dealers.
    In particular, the proposed rule change will protect investors and 
the public interest by reducing potential confusing regarding EDGX's 
trading hours for options on ETPs and aligning EDGX's Rules regarding 
trading orders for options on ETPs with industry practice. The Exchange 
notes that the proposed rule is based on C2 Rule 6.1 and NYSE MKT Rule 
901NY Commentary .02.

B. Self-Regulatory Organization's Statement on Burden on Competition

    EDGX does not believe that the proposed rule change will impose any 
burden on competition that is not necessary or appropriate in 
furtherance of the purposes of the Act. The proposed rule change will 
not impose any burden on intermarket or intramarket competition as the 
proposed rule change will align EDGX's Rules regarding trading orders 
for options on ETPs with industry practice. In addition, the proposed 
rule change does not modify the construct for trading hours but simply 
identifies the products that may close at 3:00 p.m. (CT) or 3:15 p.m. 
(CT), which is consistent with the industry.

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

    Written comments were neither solicited nor received.

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

    Because the foregoing proposed rule change does not: (A) 
Significantly affect the protection of investors or the public 
interest; (B) impose any significant burden on competition; and (C) by 
its terms, become operative for 30 days from the date on which it was 
filed or such shorter time as the Commission may designate, it has 
become effective pursuant to Section 19(b)(3)(A) of the Act \6\ and 
paragraph (f)(6) of Rule 19b-4 thereunder.\7\
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    \6\ 15 U.S.C. 78s(b)(3)(A).
    \7\ 17 CFR 240.19b-4. The Exchange has given the Commission 
written notice of its intent to file the proposed rule change, along 
with a brief description and text of the proposed rule change at 
least five business days prior to the date of filing of the proposed 
rule change, or such shorter time as designated by the Commission.
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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-BatsEDGX-2017-33 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-SR-BatsEDGX-2017-33. 
This file number should be included on

[[Page 39932]]

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-SR-BatsEDGX-2017-33 and should be submitted on or before 
September 12, 2017.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\8\
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    \8\ 17 CFR 200.30-3(a)(12).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-17683 Filed 8-21-17; 8:45 am]
 BILLING CODE 8011-01-P
39930 Federal Register / Vol. 82, No. 161 / Tuesday, August 22, 2017 / Notices

develop procedures by which they can C. Self-Regulatory Organization’s Internet Web site (http://www.sec.gov/
obtain essential data. Listed issuers have Statement on Comments on the rules/sro.shtml). Copies of the
informed the Exchange that they are Proposed Rule Change Received From submission, all subsequent
unable to complete this extensive Members, Participants, or Others amendments, all written statements
project by the pending October 1, 2017 The Exchange received a copy of a with respect to the proposed rule
implementation date. The Exchange letter from the Investment Company change that are filed with the
believes that it is critical for listed ETFs Institute, on behalf of listed ETF issuers, Commission, and all written
issuers to have the appropriate to the Securities and Exchange communications relating to the
procedures and systems in place to Commission.8 As described in Item 3 proposed rule change between the
monitor and evidence ETF compliance [sic], above, the Investment Company Commission and any person, other than
with the new continued listing rules Institute detailed challenges that listed those that may be withheld from the
before such rules are implemented. ETF issuers are facing in developing public in accordance with the
Therefore, the Exchange proposes to compliance systems to address the provisions of 5 U.S.C. 552, will be
extend the implementation date for the amendments contained in the Proposed available for Web site viewing and
Proposed Rule Change until July 1, Rule Change and have requested that printing in the Commission’s Public
2018. the implementation date for such Reference Room, 100 F Street NE.,
amendments be extended to July 1, Washington, DC 20549 on official
2. Statutory Basis business days between the hours of
2018.
The Exchange believes that the 10:00 a.m. and 3:00 p.m. Copies of the
proposed rule change is consistent with III. Date of Effectiveness of the filing also will be available for
Section 6(b) of the Act,6 in general, and Proposed Rule Change and Timing for inspection and copying at the principal
Commission Action office of the Exchange. All comments
furthers the objectives of Sections [sic]
6(b)(5) 7 of the Act, in particular, in that Within 45 days of the date of received will be posted without change;
it is designed to promote just and publication of this notice in the Federal the Commission does not edit personal
equitable principles of trade, to foster Register or within such longer period identifying information from
cooperation and coordination with up to 90 days (i) as the Commission may submissions. You should submit only
persons engaged in regulating, clearing, designate if it finds such longer period information that you wish to make
settling, processing information with to be appropriate and publishes its available publicly. All submissions
respect to, and facilitating transactions reasons for so finding or (ii) as to which should refer to File Number SR–
in securities, to remove impediments to the self-regulatory organization NYSEArca–2017–84 and should be
and perfect the mechanism of a free and consents, the Commission will: submitted on or before September 12,
open market and a national market (A) By order approve or disapprove 2017.
system, and, in general, to protect the proposed rule change, or For the Commission, by the Division of
investors and the public interest. The (B) institute proceedings to determine Trading and Markets, pursuant to delegated
Exchange believes that the proposed whether the proposed rule change authority.9
amendment is consistent with the should be disapproved. Robert W. Errett,
protection of investors because it will IV. Solicitation of Comments Deputy Secretary.
enable listed issuers to have the systems [FR Doc. 2017–17687 Filed 8–21–17; 8:45 am]
Interested persons are invited to
and procedures needed to monitor and BILLING CODE 8011–01–P
submit written data, views, and
evidence compliance with the Proposed
arguments concerning the foregoing,
Rule Change prior to such rule being
including whether the proposed rule SECURITIES AND EXCHANGE
implemented. Providing listed issuers
change is consistent with the Act. COMMISSION
with additional time to ensure that they
Comments may be submitted by any of
have adequate compliance systems in [Release No. 34–81407; File No. SR–
the following methods:
place furthers the protection of investors BatsEDGX–2017–33]
and the public interest because it will Electronic Comments
enhance investor confidence that listed • Use the Commission’s Internet Self-Regulatory Organizations; Bats
issuers are complying with Exchange comment form (http://www.sec.gov/ EDGX Exchange, Inc.; Notice of Filing
rules. and Immediate Effectiveness of a
rules/sro.shtml); or
• Send an email to rule-comments@ Proposed Rule Change to Rule 21.2,
B. Self-Regulatory Organization’s Days and Hours of Business
Statement on Burden on Competition sec.gov. Please include File Number SR–
NYSEArca–2017–84 on the subject line. August 16, 2017.
The Exchange does not believe that Pursuant to Section 19(b)(1) of the
the proposed rule change will impose Paper Comments
Securities Exchange Act of 1934 (the
any burden on competition not • Send paper comments in triplicate ‘‘Act’’),1 and Rule 19b–4 thereunder,2
necessary or appropriate in furtherance to Secretary, Securities and Exchange notice is hereby given that on August 2,
of the purposes of the Act, as amended. Commission, 100 F Street NE., 2017, Bats EDGX Exchange, Inc. (the
The Exchange notes that the proposed Washington, DC 20549–1090. ‘‘Exchange’’ or ‘‘EDGX’’) filed with the
rule change will facilitate listed issuer All submissions should refer to File Securities and Exchange Commission
ability to monitor and evidence Number SR–NYSEArca–2017–84. This (the ‘‘Commission’’) the proposed rule
compliance with approved continued
sradovich on DSK3GMQ082PROD with NOTICES

file number should be included on the change as described in Items I and II
listing rules by providing issuers with subject line if email is used. To help the below, which Items have been prepared
additional time to develop and test their Commission process and review your by the Exchange. The Exchange has
internal systems and procedures prior to comments more efficiently, please use designated this proposal as a ‘‘non-
the implementation date. only one method. The Commission will
post all comments on the Commission’s 9 17 CFR 200.30–3(a)(12).
6 15 U.S.C. 78f(b). 1 15 U.S.C. 78s(b)(1).
7 15 U.S.C. 78f(b)(5). 8 See Footnote 5, supra. 2 17 CFR 240.19b–4.

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39932 Federal Register / Vol. 82, No. 161 / Tuesday, August 22, 2017 / Notices

the subject line if email is used. To help DDTCResponseTeam@state.gov. ATTN: applicant, publication of which could cause
the Commission process and review Congressional Notification of Licenses. competitive harm to the United States firm
your comments more efficiently, please concerned.
SUPPLEMENTARY INFORMATION: Pursuant
use only one method. The Commission to sections 36(c) and 36(d), and in Sincerely,
will post all comments on the compliance with section 36(f), of the Joseph E. Macmanus,
Commission’s Internet Web site (http:// Arms Export Control Act. Section 36(f) Acting Assistant Secretary, Legislative
www.sec.gov/rules/sro.shtml). Copies of of the Arms Export Control Act (22 Affairs.
the submission, all subsequent U.S.C. 2776) mandates that notifications Enclosure: Transmittal No. DDTC 16–079.
amendments, all written statements to the Congress pursuant to sections February 8, 2017
with respect to the proposed rule 36(c) and 36(d) must be published in the The Honorable Paul D. Ryan, Speaker of the
change that are filed with the Federal Register when they are House of Representatives.
Commission, and all written transmitted to Congress or in a timely Dear Mr. Speaker: Pursuant to Section
communications relating to the manner. 36(c) of the Arms Export Control Act, I am
proposed rule change between the Following are such notifications to transmitting certification of an amendment to
Commission and any person, other than a technical assistance agreement for the
the Congress: export of defense articles, including technical
those that may be withheld from the
January 19, 2017 data, and defense services in the amount of
public in accordance with the $50,000,000 or more.
The Honorable Joseph R. Biden, Jr., President
provisions of 5 U.S.C. 552, will be of the Senate. The transaction contained in the attached
available for Web site viewing and certification involves the continued export of
Dear Mr. Speaker: Pursuant to Section
printing in the Commission’s Public 36(c) of the Arms Export Control Act, I am defense articles, including technical data and
Reference Room, 100 F Street NE., transmitting certification of a proposed defense services for the Organizational,
Washington, DC 20549, on official license for the export of firearms, parts, and Intermediate, and Depot Level Maintenance
business days between the hours of components abroad controlled under of T700–GE–701C/701D engines for end use
by the United Arab Emirates Armed Forces.
10:00 a.m. and 3:00 p.m. Copies of the Category I of the United States Munitions List
in the amount of $1,000,000 or more. The United States government is prepared
filing also will be available for to license the export of these items having
inspection and copying at the principal The transaction contained in the attached
certification involves the export of M4 taken into account political, military,
office of the Exchange. All comments economic, human rights, and arms control
carbines and accessories to the Government
received will be posted without change; of Honduras. considerations.
the Commission does not edit personal The United States government is prepared More detailed information is contained in
identifying information from to license the export of these items having the formal certification which, though
submissions. You should submit only taken into account political, military, unclassified, contains business information
information that you wish to make economic, human rights, and arms control submitted to the Department of State by the
considerations. applicant, publication of which could cause
available publicly. All submissions competitive harm to the United States firm
should refer to File Number SR–SR– More detailed information is contained in
the formal certification which, though concerned.
BatsEDGX–2017–33 and should be Sincerely,
unclassified, contains business information
submitted on or before September 12, submitted to the Department of State by the Joseph E. Macmanus,
2017. applicant, publication of which could cause Acting Assistant Secretary, Legislative
For the Commission, by the Division of competitive harm to the United States firm Affairs.
Trading and Markets, pursuant to delegated concerned. Enclosure: Transmittal No. DDTC 16–084.
authority.8 Sincerely, February 8, 2017
Eduardo A. Aleman, Julia Frifield, The Honorable Paul D. Ryan, Speaker of the
Assistant Secretary. Assistant Secretary, Legislative Affairs. House of Representatives.
[FR Doc. 2017–17683 Filed 8–21–17; 8:45 am] Enclosure: Transmittal No. DDTC 15–140. Dear Mr. Speaker: Pursuant to Section
BILLING CODE 8011–01–P February 8, 2017 36(c) of the Arms Export Control Act, I am
The Honorable Paul D. Ryan, Speaker of the transmitting certification of a proposed
House of Representatives. license for the export of firearms, parts, and
accessories abroad controlled under Category
DEPARTMENT OF STATE Dear Mr. Speaker: Pursuant to Section I of the United States Munitions List in the
[Public Notice: 10095] 36(d) of the Arms Export Control Act, I am amount of $1,000,000 or more.
transmitting certification of a proposed The transaction contained in the attached
Notifications to Congress of Proposed license for the export of defense articles, certification involves the export of semi-
including technical data, and defense automatic pistols, spare barrels, and spare
Export Licenses services for the manufacture of significant parts to Tunisia.
AGENCY: Department of State. military equipment abroad. The United States government is prepared
ACTION: Notice. The transaction contained in the attached to license the export of these items having
certification involves the export of defense taken into account political, military,
SUMMARY: Notice is hereby given that articles, including technical data, and economic, human rights, and arms control
the Department of State has forwarded defense services to the Czech Republic, considerations.
Germany, Poland, and the United Kingdom More detailed information is contained in
the attached Notifications of Proposed
in support of the manufacture of Tactical the formal certification which, though
Export Licenses to the Congress on the Advanced Land Inertial Navigator 3000/5000 unclassified, contains business information
dates indicated on the attachments. series Inertial Navigation Units. submitted to the Department of State by the
DATES: As shown on each of the 51 The United States government is prepared applicant, publication of which could cause
sradovich on DSK3GMQ082PROD with NOTICES

letters. to license the export of these items having competitive harm to the United States firm
taken into account political, military, concerned.
FOR FURTHER INFORMATION CONTACT: Mr.
economic, human rights, and arms control Sincerely,
Anthony M. Dearth Directorate of considerations.
Defense Trade Controls, Department of More detailed information is contained in Joseph E. Macmanus,
State, telephone (202) 663–2836; e-mail the formal certification which, though Acting Assistant Secretary Legislative Affairs.
unclassified, contains business information Enclosure: Transmittal No. DDTC 16–096.
8 17 CFR 200.30–3(a)(12). submitted to the Department of State by the February 8, 2017

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Document Created: 2018-10-24 11:56:19
Document Modified: 2018-10-24 11:56:19
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 39930