83_FR_2491 83 FR 2480 - Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Notice of Withdrawal of a Proposed Rule Change To Permit the Listing and Trading of Managed Portfolio Shares and To List and Trade Shares of the Following Under Proposed Rule 14.11(k): ClearBridge Appreciation ETF, ClearBridge Large Cap ETF, ClearBridge MidCap Growth ETF, ClearBridge Select ETF, and ClearBridge All Cap Value ETF

83 FR 2480 - Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Notice of Withdrawal of a Proposed Rule Change To Permit the Listing and Trading of Managed Portfolio Shares and To List and Trade Shares of the Following Under Proposed Rule 14.11(k): ClearBridge Appreciation ETF, ClearBridge Large Cap ETF, ClearBridge MidCap Growth ETF, ClearBridge Select ETF, and ClearBridge All Cap Value ETF

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 11 (January 17, 2018)

Page Range2480-2480
FR Document2018-00645

Federal Register, Volume 83 Issue 11 (Wednesday, January 17, 2018) 
[Federal Register Volume 83, Number 11 (Wednesday, January 17, 2018)]
[Notices]
[Page 2480]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-00645]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-82482; File No. SR-BatsBZX-2017-30]


Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Notice of 
Withdrawal of a Proposed Rule Change To Permit the Listing and Trading 
of Managed Portfolio Shares and To List and Trade Shares of the 
Following Under Proposed Rule 14.11(k): ClearBridge Appreciation ETF, 
ClearBridge Large Cap ETF, ClearBridge MidCap Growth ETF, ClearBridge 
Select ETF, and ClearBridge All Cap Value ETF

January 10, 2018.
    On June 1, 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: (1) Adopt Rule 
14.11(k) (Managed Portfolio Shares); and (2) list and trade shares of 
the ClearBridge Appreciation ETF, ClearBridge Large Cap ETF, 
ClearBridge MidCap Growth ETF, ClearBridge Select ETF, and ClearBridge 
All Cap Value ETF under proposed Rule 14.11(k). The proposed rule 
change was published for comment in the Federal Register on June 19, 
2017.\3\ On July 28, 2017, pursuant to Section 19(b)(2) of the Act,\4\ 
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 disapprove the proposed rule 
change.\5\ The Commission received four comment letters on the proposed 
rule change.\6\ On September 13, 2017, the Commission instituted 
proceedings under Section 19(b)(2)(B) of the Act \7\ to determine 
whether to approve or disapprove the proposed rule change.\8\ The 
Commission subsequently received one comment letter on the proposed 
rule change.\9\ On December 12, 2017, the Commission designated a 
longer period for action on the proposed rule change.\10\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 80911 (June 13, 
2017), 82 FR 27925.
    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 81247, 82 FR 36031 
(August 2, 2017). The Commission designated September 17, 2017 as 
the date by which the Commission shall approve or disapprove, or 
institute proceedings to determine whether to disapprove, the 
proposed rule change.
    \6\ See Letter from Gary L. Gastineau, President, ETF 
Consultants.com, Inc., to Brent J. Fields, Secretary, Commission, 
dated July 7, 2017; Letter from Todd J. Broms, Chief Executive 
Officer, Broms & Company LLC, to Brent J. Fields, Secretary, 
Commission, dated July 10, 2017; Letter from James J. Angel, 
Associate Professor of Finance, Georgetown University, McDonough 
School of Business, to the Commission, dated July 10, 2017; and 
Letter from Terence W. Norman, Founder, Blue Tractor Group, LLC, to 
Brent J. Fields, Secretary, Commission, dated August 1, 2017. The 
comment letters are available on the Commission's website at: 
https://www.sec.gov/comments/sr-batsbzx-2017-30/batsbzx201730.htm.
    \7\ 15 U.S.C. 78s(b)(2)(B).
    \8\ See Securities Exchange Act Release No. 81599, 82 FR 43621 
(September 18, 2017).
    \9\ See Letter from Terence W. Norman, Founder, Blue Tractor 
Group, LLC, to Brent J. Fields, Secretary, Commission, dated 
December 5, 2017. The comment letter is available on the 
Commission's website at: https://www.sec.gov/comments/sr-batsbzx-2017-30/batsbzx201730.htm.
    \10\ See Securities Exchange Act Release No. 82301, 82 FR 60073 
(December 18, 2017). The Commission designated February 14, 2018 as 
the date by which the Commission must either approve or disapprove 
the proposed rule change.
---------------------------------------------------------------------------

    On January 10, 2018, the Exchange withdrew the proposed rule change 
(SR-BatsBZX-2017-30).
---------------------------------------------------------------------------

    \11\ 17 CFR 200.30-3(a)(12).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\11\
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-00645 Filed 1-16-18; 8:45 am]
BILLING CODE 8011-01-P

2480 Federal Register / Vol. 83, No. 11 / Wednesday, January 17, 2018 / Notices For the Commission, by the Division of September 13, 2017, the Commission and III below, which Items have been Investment Management, under delegated instituted proceedings under Section prepared by FINRA. FINRA has authority. 19(b)(2)(B) of the Act 7 to determine designated the proposed rule change as Eduardo A. Aleman, whether to approve or disapprove the constituting a ‘‘non-controversial’’ rule Assistant Secretary. proposed rule change.8 The Commission change under paragraph (f)(6) of Rule [FR Doc. 2018–00626 Filed 1–16–18; 8:45 am] subsequently received one comment 19b–4 under the Act,3 which renders BILLING CODE 8011–01–P letter on the proposed rule change.9 On the proposal effective upon receipt of December 12, 2017, the Commission this filing by the Commission. The designated a longer period for action on Commission is publishing this notice to SECURITIES AND EXCHANGE the proposed rule change.10 solicit comments on the proposed rule COMMISSION On January 10, 2018, the Exchange change from interested persons. withdrew the proposed rule change [Release No. 34–82482; File No. SR– I. Self-Regulatory Organization’s (SR–BatsBZX–2017–30). BatsBZX–2017–30] Statement of the Terms of Substance of For the Commission, by the Division of the Proposed Rule Change Self-Regulatory Organizations; Bats Trading and Markets, pursuant to delegated BZX Exchange, Inc.; Notice of authority.11 FINRA is proposing to extend the Withdrawal of a Proposed Rule Change Eduardo A. Aleman, expiration date of FINRA Rule 0180 To Permit the Listing and Trading of Assistant Secretary. (Application of Rules to Security-Based Managed Portfolio Shares and To List Swaps) to February 12, 2019. FINRA [FR Doc. 2018–00645 Filed 1–16–18; 8:45 am] Rule 0180 temporarily limits, with and Trade Shares of the Following BILLING CODE 8011–01–P certain exceptions, the application of Under Proposed Rule 14.11(k): FINRA rules with respect to security- ClearBridge Appreciation ETF, SECURITIES AND EXCHANGE based swaps. ClearBridge Large Cap ETF, The text of the proposed rule change ClearBridge MidCap Growth ETF, COMMISSION is available on FINRA’s website at ClearBridge Select ETF, and [Release No. 34–82480; File No. SR–FINRA– http://www.finra.org, at the principal ClearBridge All Cap Value ETF 2018–001] office of FINRA and at the January 10, 2018. Commission’s Public Reference Room. Self-Regulatory Organizations; On June 1, 2017, Bats BZX Exchange, Financial Industry Regulatory II. Self-Regulatory Organization’s Inc. (‘‘Exchange’’) filed with the Authority, Inc.; Notice of Filing and Statement of the Purpose of, and Securities and Exchange Commission Immediate Effectiveness of a Proposed Statutory Basis for, the Proposed Rule (‘‘Commission’’), pursuant to Section Rule Change To Extend the Expiration Change 19(b)(1) of the Securities Exchange Act Date of FINRA Rule 0180 (Application In its filing with the Commission, of 1934 (‘‘Act’’) 1 and Rule 19b–4 of Rules to Security-Based Swaps) FINRA included statements concerning thereunder,2 a proposed rule change to: the purpose of and basis for the (1) Adopt Rule 14.11(k) (Managed January 10, 2018. proposed rule change and discussed any Portfolio Shares); and (2) list and trade Pursuant to Section 19(b)(1) of the comments it received on the proposed shares of the ClearBridge Appreciation Securities Exchange Act of 1934 rule change. The text of these statements ETF, ClearBridge Large Cap ETF, (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 may be examined at the places specified ClearBridge MidCap Growth ETF, notice is hereby given that on January 4, in Item IV below. FINRA has prepared ClearBridge Select ETF, and ClearBridge 2018, Financial Industry Regulatory summaries, set forth in sections A, B, All Cap Value ETF under proposed Rule Authority, Inc. (‘‘FINRA’’) filed with the and C below, of the most significant 14.11(k). The proposed rule change was Securities and Exchange Commission aspects of such statements. published for comment in the Federal (‘‘SEC’’ or ‘‘Commission’’) the proposed Register on June 19, 2017.3 On July 28, rule change as described in Items I, II, A. Self-Regulatory Organization’s 2017, pursuant to Section 19(b)(2) of the Statement of the Purpose of, and Act,4 the Commission designated a Commission, dated July 10, 2017; Letter from James Statutory Basis for, the Proposed Rule longer period within which to approve J. Angel, Associate Professor of Finance, Change Georgetown University, McDonough School of the proposed rule change, disapprove Business, to the Commission, dated July 10, 2017; 1. Purpose the proposed rule change, or institute and Letter from Terence W. Norman, Founder, Blue proceedings to determine whether to Tractor Group, LLC, to Brent J. Fields, Secretary, On July 1, 2011, the SEC issued an disapprove the proposed rule change.5 Commission, dated August 1, 2017. The comment Order granting temporary exemptive letters are available on the Commission’s website at: relief (the ‘‘Temporary Exemptions’’) The Commission received four comment https://www.sec.gov/comments/sr-batsbzx-2017-30/ letters on the proposed rule change.6 On batsbzx201730.htm. from compliance with certain 7 15 U.S.C. 78s(b)(2)(B). provisions of the Exchange Act in 1 15 U.S.C. 78s(b)(1). 8 See Securities Exchange Act Release No. 81599, connection with the revision, pursuant 2 17 CFR 240.19b–4. 82 FR 43621 (September 18, 2017). to Title VII of the Dodd-Frank Wall 3 See Securities Exchange Act Release No. 80911 9 See Letter from Terence W. Norman, Founder, Street Reform and Consumer Protection (June 13, 2017), 82 FR 27925. Blue Tractor Group, LLC, to Brent J. Fields, Act (the ‘‘Dodd-Frank Act’’),4 of the 4 15 U.S.C. 78s(b)(2). Secretary, Commission, dated December 5, 2017. 5 See Securities Exchange Act Release No. 81247, The comment letter is available on the Exchange Act definition of ‘‘security’’ to 82 FR 36031 (August 2, 2017). The Commission Commission’s website at: https://www.sec.gov/ encompass security-based swaps.5 comments/sr-batsbzx-2017-30/batsbzx201730.htm. ethrower on DSK3G9T082PROD with NOTICES designated September 17, 2017 as the date by which 10 See Securities Exchange Act Release No. 82301, 3 17 the Commission shall approve or disapprove, or CFR 240.19b–4(f)(6). institute proceedings to determine whether to 82 FR 60073 (December 18, 2017). The Commission 4 Public Law 111–203, 124 Stat. 1376 (2010). disapprove, the proposed rule change. designated February 14, 2018 as the date by which 5 See Securities Exchange Act Release No. 64795 6 See Letter from Gary L. Gastineau, President, the Commission must either approve or disapprove (July 1, 2011), 76 FR 39927 (July 7, 2011) (Order ETF Consultants.com, Inc., to Brent J. Fields, the proposed rule change. Granting Temporary Exemptions Under the 11 17 CFR 200.30–3(a)(12). Secretary, Commission, dated July 7, 2017; Letter Securities Exchange Act of 1934 in Connection 1 15 U.S.C. 78s(b)(1). from Todd J. Broms, Chief Executive Officer, Broms With the Pending Revision of the Definition of & Company LLC, to Brent J. Fields, Secretary, 2 17 CFR 240.19b–4. ‘‘Security’’ To Encompass Security-Based Swaps, VerDate Sep<11>2014 17:14 Jan 16, 2018 Jkt 244001 PO 00000 Frm 00059 Fmt 4703 Sfmt 4703 E:\FR\FM\17JAN1.SGM 17JAN1


Document Created: 2018-10-26 09:55:57
Document Modified: 2018-10-26 09:55:57
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 Citation83 FR 2480 
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR