83 FR 11269 - 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 Cboe Vest S&P 500® Premium Income ETF Under Rule 14.11(c)(5)
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 50 (March 14, 2018)
Federal Register Volume 83, Issue 50 (March 14, 2018)
| Page Range | 11269-11269 | |
| FR Document | 2018-05077 |
[Federal Register Volume 83, Number 50 (Wednesday, March 14, 2018)] [Notices] [Page 11269] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-05077] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-82832; File No. SR-CboeBZX-2018-005] 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 Cboe Vest S&P 500[supreg] Premium Income ETF Under Rule 14.11(c)(5) March 8, 2018. On January 10, 2018, 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 Cboe Vest S&P 500[supreg] Premium Income ETF under BZX Rule 14.11(c)(5). The proposed rule change was published for comment in the Federal Register on January 26, 2018.\3\ The Commission received no comments on the proposed rule change. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. \3\ See Securities Exchange Act Release No. 82538 (January 19, 2018), 83 FR 3807. --------------------------------------------------------------------------- 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 March 12, 2018. --------------------------------------------------------------------------- \4\ 15 U.S.C. 78s(b)(2). --------------------------------------------------------------------------- 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 April 26, 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-CboeBZX-2018-005). --------------------------------------------------------------------------- \5\ 15 U.S.C. 78s(b)(2). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\6\ --------------------------------------------------------------------------- \6\ 17 CFR 200.30-3(a)(31). --------------------------------------------------------------------------- Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018-05077 Filed 3-13-18; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 83, No. 50 / Wednesday, March 14, 2018 / Notices 11269
rule change does not unfairly reasons for so finding or as to which the I. Self-Regulatory Organization’s
discriminate among issuers consistent self-regulatory organization consents, Statement of the Terms of Substance of
with Section 6(b)(5) of the Act, and the the Commission shall either approve the the Proposed Rule Change
proposed rule change is appropriate and proposed rule change, disapprove the The Exchange is filing a proposal to
consistent with Section 6(b)(8) of the proposed rule change, or institute amend Exchange Rule 402, Criteria for
Act in that it does not impose any proceedings to determine whether the Underlying Securities, to modify the
burden on competition not necessary or proposed rule change should be criteria for listing an option on an
appropriate in furtherance of the disapproved. The 45th day after underlying covered security.
purposes of the Act.20 publication of the notice for this filing The text of the proposed rule change
is March 12, 2018. is available on the Exchange’s website at
IV. Conclusion
The Commission is extending the 45- http://www.miaxoptions.com/rule-
It is therefore ordered, pursuant to day time period for Commission action filings/pearl at MIAX PEARL’s principal
Section 19(b)(2) of the Act,21 that the on the proposed rule change. The office, and at the Commission’s Public
proposed rule change (SR–NYSE–2018– Commission finds that it is appropriate Reference Room.
01), be, and hereby is, approved. to designate a longer period within
For the Commission, by the Division of which to take action on the proposed II. Self-Regulatory Organization’s
Trading and Markets, pursuant to delegated rule change so that it has sufficient time Statement of the Purpose of, and
authority.22 to consider the Exchange’s proposal. Statutory Basis for, the Proposed Rule
Eduardo A. Aleman, Accordingly, pursuant to Section Change
Assistant Secretary. 19(b)(2) of the Act,5 the Commission In its filing with the Commission, the
[FR Doc. 2018–05076 Filed 3–13–18; 8:45 am] designates April 26, 2018, as the date by Exchange included statements
BILLING CODE 8011–01–P
which the Commission shall either concerning the purpose of and basis for
approve or disapprove or institute the proposed rule change and discussed
proceedings to determine whether to any comments it received on the
SECURITIES AND EXCHANGE disapprove the proposed rule change proposed rule change. The text of these
COMMISSION (File No. SR–CboeBZX–2018–005). statements may be examined at the
[Release No. 34–82832; File No. SR– For the Commission, by the Division of places specified in Item IV below. The
CboeBZX–2018–005] Trading and Markets, pursuant to delegated Exchange has prepared summaries, set
authority.6 forth in sections A, B, and C below, of
Self-Regulatory Organizations; Cboe Eduardo A. Aleman, the most significant aspects of such
BZX Exchange, Inc.; Notice of Assistant Secretary. statements.
Designation of a Longer Period for [FR Doc. 2018–05077 Filed 3–13–18; 8:45 am]
A. Self-Regulatory Organization’s
Commission Action on a Proposed BILLING CODE 8011–01–P Statement of the Purpose of, and the
Rule Change To List and Trade Shares Statutory Basis for, the Proposed Rule
of the Cboe Vest S&P 500® Premium Change
Income ETF Under Rule 14.11(c)(5) SECURITIES AND EXCHANGE
COMMISSION 1. Purpose
March 8, 2018.
On January 10, 2018, Cboe BZX [Release No. 34–82827; File No. SR– The Exchange proposes to amend
Exchange, Inc. (the ‘‘Exchange’’ or PEARL–2018–04] Exchange Rule 402, Criteria for
‘‘BZX’’) filed with the Securities and Underlying Securities, to modify the
Exchange Commission (‘‘Commission’’), Self-Regulatory Organizations; MIAX criteria for listing options on an
pursuant to Section 19(b)(1) of the PEARL, LLC; Notice of Filing and underlying security as defined in
Securities Exchange Act of 1934 Immediate Effectiveness of a Proposed Section 18(b)(1)(A) of the Securities Act
(‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a Rule Change To Amend Exchange of 1933 (hereinafter ‘‘covered security’’
proposed rule change to list and trade Rule 402, Criteria for Underlying or ‘‘covered securities’’). This is a
shares of the Cboe Vest S&P 500® Securities competitive filing that is based on a
Premium Income ETF under BZX Rule proposal recently submitted by Nasdaq
March 8, 2018. PHLX LLC (‘‘Nasdaq Phlx’’) and
14.11(c)(5). The proposed rule change Pursuant to the provisions of Section
was published for comment in the approved by the Commission.3
19(b)(1) of the Securities Exchange Act In particular, the Exchange proposes
Federal Register on January 26, 2018.3 of 1934 (‘‘Act’’) 1 and Rule 19b–4
The Commission received no comments to modify Rule 402(b)(5)(i) to permit the
thereunder,2 notice is hereby given that listing of an option on an underlying
on the proposed rule change. on February 22, 2018, MIAX PEARL,
Section 19(b)(2) of the Act 4 provides covered security that has a market price
LLC (‘‘MIAX PEARL’’ or ‘‘Exchange’’) of at least $3.00 per share for the
that, within 45 days of the publication filed with the Securities and Exchange
of notice of the filing of a proposed rule previous three (3) consecutive business
Commission (‘‘Commission’’) a days preceding the date on which the
change, or within such longer period up proposed rule change’’) a proposed rule
to 90 days as the Commission may Exchange submits a certificate to the
change as described in Items I and II Options Clearing Corporation (‘‘OCC’’)
designate if it finds such longer period below, which Items have been prepared
to be appropriate and publishes its for listing and trading. The Exchange
by the Exchange. The Commission is does not intend to amend any other
publishing this notice to solicit
daltland on DSKBBV9HB2PROD with NOTICES
20 15 U.S.C. 78f(b)(4), (5), and (8). criteria for listing options on an
21 15
comments on the proposed rule change underlying security in Rule 402.
U.S.C. 78s(b)(2).
22 17 CFR 200.30–3(a)(12). from interested persons. Currently the underlying covered
1 15 U.S.C. 78s(b)(1). security must have a closing market
2 17 CFR 240.19b–4. 5 15 U.S.C. 78s(b)(2).
3 See Securities Exchange Act Release No. 82538 6 17 CFR 200.30–3(a)(31). 3 See Securities Exchange Act Release No. 82474
(January 19, 2018), 83 FR 3807. 1 15 U.S.C. 78s(b)(1).
(January 9, 2018), 83 FR 2240 (January 16, 2018)
4 15 U.S.C. 78s(b)(2). 2 17 CFR 240.19b–4. (Order Approving SR–Phlx–2017–75).
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Document Created: 2018-03-14 01:07:00
Document Modified: 2018-03-14 01:07:00
| 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 | 83 FR 11269 |
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