83 FR 22998 - Self-Regulatory Organizations; Investors Exchange LLC; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change To Establish a New Optional Listing Category on the Exchange, “LTSE Listings on IEX”

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 96 (May 17, 2018)

[Federal Register Volume 83, Number 96 (Thursday, May 17, 2018)]
[Notices]
[Pages 22998-22999]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-10500]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-83217; File No. SR-IEX-2018-06]


Self-Regulatory Organizations; Investors Exchange LLC; Notice of 
Designation of Longer Period for Commission Action on Proposed Rule 
Change To Establish a New Optional Listing Category on the Exchange, 
``LTSE Listings on IEX''

May 11, 2018.
    On March 15, 2018, Investors Exchange LLC (``Exchange'') filed with 
the Securities and Exchange

[[Page 22999]]

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 establish a new optional 
listing category on the Exchange, ``LTSE Listings on IEX.'' The 
proposed rule change was published for comment in the Federal Register 
on April 2, 2018.\3\ The Commission received 23 comment letters on the 
proposed rule change.\4\ On April 26, 2018, the Commission received a 
response letter from the Exchange.\5\
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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. 82948 (March 27, 
2018), 83 FR 14074 (``Notice'').
    \4\ See letters to Brent J. Fields, Secretary, Commission, from 
Tony Davis, CEO, Inherent Group, dated April 19, 2018; Morgan 
Housel, Partner, The Collaborative Fund, dated April 20, 2018; Chris 
Brummer, Professor of Law, Faculty Director, Institution of 
International Economic Law, Georgetown University Law Center, dated 
April 22, 2018; Reid Hoffman, Partner, Greylock Partners, dated 
April 23, 2018; Judith Samuelson, Vice President, Founder & 
Director, The Business & Society Program, and Alastair Fitzpayne, 
Executive Director, The Future of Work Initiative, The Aspen 
Institute, dated April 23, 2018; John Buhl, dated April 23, 2018; 
Marcie Frost, Chief Executive Officer, California Public Employees' 
Retirement System Investment Office, dated April 23, 2018; Sam 
Altman, President, Y Combinator, dated April 23, 2018; Marc 
Andreessen, Cofounder and General Partner, Andreessen Horowitz, 
dated April 23, 2018; Tony Hsieh, Founder, Downtown Project, dated 
April 23, 2018; Steve Case, Chairman and CEO, Revolution, dated 
April 23, 2018; Douglas K. Chia, Executive Director, Governance 
Center, The Conference Board, Inc., dated April 23, 2018; Dick 
Costolo, dated April 23, 2018; Chris Concannon, President and COO, 
Cboe Global Markets, Inc.; Jeff Weiner, CEO, LinkedIn, dated April 
23, 2018; Aneesh Chopra, President, CareJourney, dated April 23, 
2018; Brian Singerman, Partner, Founders Fund, dated April 23, 2018; 
James Anderson, Partner and Head of Global Equities, Baillie Gifford 
& Co, dated April 23, 2018; David Brown and David Cohen, Founders 
and Co-CEOs, Techstars, dated April 23, 2018; Evan Williams, Co-
Founder and James Joaquin, Co-Founder & Managing Director, Obvious 
Ventures, dated April 23, 2018; Andrew Mason, CEO, Descript, dated 
April 23, 2018; Alexis Ohanian, General Partner/Cofounder, and Garry 
Tan, Managing Partner/Cofounder, Initialized Capital, dated April 
23, 2018; Aaron Bertinetti, SVP, Research & Engagement, Glass, Lewis 
& Co., LLC, dated April 23, 2018. All comments received by the 
Commission on the proposed rule change are available at: https://www.sec.gov/comments/sr-iex-2018-06/iex201806.htm.
    \5\ See letter to Brent J. Fields, Secretary, Commission, from 
Claudia Crowley, Chief Regulatory Officer, Investors Exchange LLC, 
dated April 26, 2018. The Exchange's response letter is available 
at: https://www.sec.gov/comments/sr-iex-2018-6/iex201806-3520149-162294.pdf.
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    Section 19(b)(2) of the Act \6\ 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 for this filing is May 17, 2018.
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    \6\ 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 proposed rule change, the comments received, and the 
Exchange's response to comments.
    Accordingly, pursuant to Section 19(b)(2)(A)(ii)(I) of the Act \7\ 
and for the reasons stated above, the Commission designates July 1, 
2018 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 No. SR-IEX-2018-06).
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    \7\ 15 U.S.C. 78s(b)(2)(A)(ii)(I).

    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)(31).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-10500 Filed 5-16-18; 8:45 am]
BILLING CODE 8011-01-P