82_FR_61861 82 FR 61613 - Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade Shares of the Innovator S&P 500 15% Shield Strategy ETF Series, Innovator S&P 500 −5% to −35% Shield Strategy ETF Series, Innovator S&P 500 Enhance and 10% Shield Strategy ETF Series, and Innovator S&P 500 Ultra Strategy ETF Series Under Rule 14.11(i)

82 FR 61613 - Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade Shares of the Innovator S&P 500 15% Shield Strategy ETF Series, Innovator S&P 500 −5% to −35% Shield Strategy ETF Series, Innovator S&P 500 Enhance and 10% Shield Strategy ETF Series, and Innovator S&P 500 Ultra Strategy ETF Series Under Rule 14.11(i)

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 248 (December 28, 2017)

Page Range61613-61613
FR Document2017-28002

Federal Register, Volume 82 Issue 248 (Thursday, December 28, 2017) 
[Federal Register Volume 82, Number 248 (Thursday, December 28, 2017)]
[Notices]
[Page 61613]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-28002]



[[Page 61613]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-82387; File No. SR-BatsBZX-2017-72]


Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change To List and Trade Shares of the Innovator S&P 500 15% Shield 
Strategy ETF Series, Innovator S&P 500 -5% to -35% Shield Strategy ETF 
Series, Innovator S&P 500 Enhance and 10% Shield Strategy ETF Series, 
and Innovator S&P 500 Ultra Strategy ETF Series Under Rule 14.11(i)

December 21, 2017.
    On November 7, 2017, Cboe BZX Exchange, Inc. (the ``Exchange'' or 
``BZX'') 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 Innovator S&P 500 
15% Shield Strategy ETF Series, Innovator S&P 500 -5% to -35% Shield 
Strategy ETF Series, Innovator S&P 500 Enhance and 10% Shield Strategy 
ETF Series, and Innovator S&P 500 Ultra Strategy ETF Series under BZX 
Rule 14.11(i). The proposed rule change was published for comment in 
the Federal Register on November 22, 2017.\3\ The Commission 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. 82097 (November 16, 
2017), 82 FR 55689.
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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 
45th day after publication of the notice for this filing is January 6, 
2018.
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    \4\ 15 U.S.C. 78s(b)(2).
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    The Commission is extending the 45-day time period for Commission 
action on the proposed rule change. 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 
Exchange's proposal. Accordingly, pursuant to Section 19(b)(2) of the 
Act,\5\ the Commission designates February 20, 2018, as the date by 
which the Commission shall either approve or disapprove or institute 
proceedings to determine whether to disapprove the proposed rule change 
(File No. SR-BatsBZX-2017-72).
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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. 2017-28002 Filed 12-27-17; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 82, No. 248 / Thursday, December 28, 2017 / Notices 61613 SECURITIES AND EXCHANGE to consider the Exchange’s proposal. Rule 19d–1(c)(2) under the Act,6 the COMMISSION Accordingly, pursuant to Section Exchange proposed to designate certain 19(b)(2) of the Act,5 the Commission specified rule violations as eligible for [Release No. 34–82387; File No. SR– designates February 20, 2018, as the consideration as minor rule violations, BatsBZX–2017–72] date by which the Commission shall and requested that it be relieved of the Self-Regulatory Organizations; Cboe either approve or disapprove or institute prompt reporting requirements BZX Exchange, Inc.; Notice of proceedings to determine whether to regarding such violations, provided it Designation of a Longer Period for disapprove the proposed rule change gives notice of the violations to the Commission Action on a Proposed (File No. SR–BatsBZX–2017–72). Commission on a quarterly basis. Rule Change To List and Trade Shares For the Commission, by the Division of The Exchange proposed to include in of the Innovator S&P 500 15% Shield Trading and Markets, pursuant to delegated authority.6 its MRVP the procedures and violations Strategy ETF Series, Innovator S&P currently included in Exchange Rule 500 Ø5% to Ø35% Shield Strategy ETF Eduardo A. Aleman, 1014 (‘‘Imposition of Fines for Minor Series, Innovator S&P 500 Enhance Assistant Secretary. Rule Violations’’).7 According to the and 10% Shield Strategy ETF Series, [FR Doc. 2017–28002 Filed 12–27–17; 8:45 am] Exchange’s proposed MRVP, under and Innovator S&P 500 Ultra Strategy BILLING CODE 8011–01–P Exchange Rule 1014, the Exchange may ETF Series Under Rule 14.11(i) impose a fine (not to exceed $2,500) on December 21, 2017. SECURITIES AND EXCHANGE any Member, or person associated with On November 7, 2017, Cboe BZX COMMISSION or employed by a Member, for any rule Exchange, Inc. (the ‘‘Exchange’’ or listed in Rule 1014(d).8 The Exchange ‘‘BZX’’) filed with the Securities and [Release No. 34–82385; File No. 4–715] shall serve the person against whom a Exchange Commission (‘‘Commission’’), fine is imposed with a written statement Self-Regulatory Organizations; MIAX pursuant to Section 19(b)(1) of the setting forth the rule or rules violated, PEARL, LLC; Order Declaring Effective Securities Exchange Act of 1934 the act or omission constituting each a Minor Rule Violation Plan (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a such violation, the fine imposed, and proposed rule change to list and trade December 21, 2017. the date by which such determination shares of the Innovator S&P 500 15% On November 16, 2017, MIAX becomes final or by which such Shield Strategy ETF Series, Innovator PEARL, LLC (‘‘Exchange’’) filed with the determination must be contested. If the S&P 500 ¥5% to ¥35% Shield Strategy Securities and Exchange Commission person against whom the fine is ETF Series, Innovator S&P 500 Enhance (‘‘Commission’’) a proposed minor rule imposed pays the fine, the payment and 10% Shield Strategy ETF Series, violation plan (‘‘MRVP’’ or ‘‘Plan’’) shall be deemed to be a waiver of the and Innovator S&P 500 Ultra Strategy pursuant to Section 19(d)(1) of the person’s right to a disciplinary ETF Series under BZX Rule 14.11(i). Securities Exchange Act of 1934 proceeding and any review of the matter The proposed rule change was (‘‘Act’’) 1 and Rule 19d–1(c)(2) under the Exchange rules. Any person published for comment in the Federal thereunder.2 The proposed MRVP was against whom a fine is imposed may Register on November 22, 2017.3 The published for comment on November contest the Exchange’s determination by Commission received no comments on 28, 2017.3 The Commission received no filing with the Exchange a written the proposed rule change. comments on the proposal. This order answer, at which point the matter shall Section 19(b)(2) of the Act 4 provides declares the Exchange’s proposed MRVP that, within 45 days of the publication effective. by the Commission is not considered ‘‘final’’ for of notice of the filing of a proposed rule The Exchange’s MRVP specifies the purposes of Section 19(d)(1) of the Act if the change, or within such longer period up rule violations which will be included sanction imposed consists of a fine not exceeding to 90 days as the Commission may in the Plan and will have sanctions not $2,500 and the sanctioned person has not sought an designate if it finds such longer period exceeding $2,500. Any violations which adjudication, including a hearing, or otherwise exhausted his administrative remedies. to be appropriate and publishes its are resolved under the MRVP would not 6 17 CFR 240.19d–1(c)(2). reasons for so finding or as to which the be subject to the provisions of Rule 19d– 7 The Exchange received its grant of registration self-regulatory organization consents, 1(c)(1) of the Act,4 which requires that on December 13, 2016, which included approving the Commission shall either approve the a self-regulatory organization (‘‘SRO’’) the rules that govern the Exchange. See Securities proposed rule change, disapprove the promptly file notice with the Exchange Act Release No. 79543 (December 13, 2016), 81 FR 92901 (December 20, 2016). proposed rule change, or institute Commission of any final disciplinary 8 While Rule 1014 allows the Exchange to proceedings to determine whether the action taken with respect to any person administer fines up to $5,000, the Exchange is only proposed rule change should be or organization.5 In accordance with seeking relief from the reporting requirements of disapproved. The 45th day after paragraph (c)(1) of Rule 19d–1 for fines publication of the notice for this filing 5 15 U.S.C. 78s(b)(2). administered under Rule 1014(d) that do not exceed $2,500. is January 6, 2018. 6 17 CFR 200.30–3(a)(31). Under the proposed MRVP, violations of the 1 15 U.S.C. 78s(d)(1) The Commission is extending the 45- following rules would be appropriate for 2 17 CFR 240.19d–1(c)(2). day time period for Commission action disposition under the MRVP: Rule 307 (Position 3 See Securities Exchange Act Release No. 82146 on the proposed rule change. The Limits); Rule 803 (Focus Reports); Rule 804 (November 22, 2017), 82 FR 56280 (‘‘Notice’’). (Requests for Trade Data); Rule 520 (Order Entry); Commission finds that it is appropriate 4 17 CFR 240.19d–1(c)(1). Rule 605 (Execution of Orders in Appointed to designate a longer period within 5 The Commission adopted amendments to Options); Rule 314 (Mandatory Systems Testing); sradovich on DSK3GMQ082PROD with NOTICES which to take action on the proposed paragraph (c) of Rule 19d–1 to allow SROs to Rule 700 (Exercise of Option Contracts); Rule 309 rule change so that it has sufficient time submit for Commission approval plans for the (Exercise Limits); Rule 310 (Reports Related to abbreviated reporting of minor disciplinary Position Limits); Rule 403 (Trading in Restricted 1 15 infractions. See Securities Exchange Act Release Classes); Rule 605 (Market Maker Quotations); and U.S.C. 78s(b)(1). No. 21013 (June 1, 1984), 49 FR 23828 (June 8, Rules 1301, 1302, and 1303 (Failure to Timely File 2 17 CFR 240.19b–4. 1984). Any disciplinary action taken by an SRO Amendments to Form U4, Form U5, and Form BD). 3 See Securities Exchange Act Release No. 82097 against any person for violation of a rule of the SRO According to the Exchange, Conduct and Decorum (November 16, 2017), 82 FR 55689. which has been designated as a minor rule violation Policies under Rule 1014(d)(4) are excluded from 4 15 U.S.C. 78s(b)(2). pursuant to a plan filed with and declared effective the proposed MRVP. See Notice, supra note 3. VerDate Sep<11>2014 18:14 Dec 27, 2017 Jkt 244001 PO 00000 Frm 00081 Fmt 4703 Sfmt 4703 E:\FR\FM\28DEN1.SGM 28DEN1


Document Created: 2017-12-28 00:43:51
Document Modified: 2017-12-28 00:43:51
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 61613 
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