83 FR 31246 - Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade the Shares of the GraniteShares Bitcoin ETF and the GraniteShares Short Bitcoin ETF Under BZX Rule 14.11(f)(4), Trust Issued Receipts

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 128 (July 3, 2018)

Page Range		31246-31246
FR Document		2018-14302

Federal Register, Volume 83 Issue 128 (Tuesday, July 3, 2018)

[Federal Register Volume 83, Number 128 (Tuesday, July 3, 2018)]
[Notices]
[Page 31246]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-14302]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-83548; File No. SR-CboeBZX-2018-001]


Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of 
Designation of a Longer Period for Commission Action on Proceedings To 
Determine Whether To Approve or Disapprove a Proposed Rule Change To 
List and Trade the Shares of the GraniteShares Bitcoin ETF and the 
GraniteShares Short Bitcoin ETF Under BZX Rule 14.11(f)(4), Trust 
Issued Receipts

June 28, 2018.
    On January 5, 2018, Cboe BZX Exchange, Inc. (``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 
the shares of the GraniteShares Bitcoin ETF and the GraniteShares Short 
Bitcoin ETF under BZX Rule 14.11(f)(4). The proposed rule change was 
published for comment in the Federal Register on January 18, 2018.\3\ 
On February 22, 2018, 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\ On April 5, 2018, the Commission instituted proceedings 
under
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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. 82484 (Jan. 11, 
2018), 83 FR 2704 (Jan. 18, 2018).
    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 82759 (Feb. 22, 
2018), 83 FR 8719 (Feb. 28, 2018).
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    Section 19(b)(2)(B) of the Act \6\ to determine whether to approve 
or disapprove the proposed rule change.\7\ The Commission has received 
eight comments on the proposed rule change.\8\
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    \6\ 15 U.S.C. 78s(b)(2)(B).
    \7\ See Securities Exchange Act Release No. 82995 (Apr. 5, 
2018), 83 FR 15425 (Apr. 10, 2018). Specifically, the Commission 
instituted proceedings to allow for additional analysis of the 
proposed rule change's consistency with Section 6(b)(5) of the Act, 
which requires, among other things, that the rules of a national 
securities exchange be ``designed to prevent fraudulent and 
manipulative acts and practices, to promote just and equitable 
principles of trade,'' and ``to protect investors and the public 
interest.'' See id. at 15426 (citing 15 U.S.C. 78f(b)(5)).
    \8\ See Letters from Anita Desai (Apr. 6, 2018); Ed Kaleda (Apr. 
6, 2018); Don Krohn (Apr. 7, 2018); Adam Malkin (Apr. 8, 2018); 
Shravan Kumar (Apr. 11, 2018); David Barnwell (Apr. 12, 2018); 
Louise Fitzgerald (Apr. 18, 2018); and Sharon Brown-Hruska, Managing 
Director, and Trevor Wagener, Consultant, NERA Economic Consulting 
(May 18, 2018). All comments on the proposed rule change are 
available on the Commission's website at: https://www.sec.gov/comments/sr-cboebzx-2018-001/cboebzx2018001.htm.
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    Section 19(b)(2) of the Act \9\ provides that, after initiating 
disapproval proceedings, the Commission shall issue an order approving 
or disapproving the proposed rule change not later than 180 days after 
the date of publication of notice of filing of the proposed rule 
change. The Commission may extend the period for issuing an order 
approving or disapproving the proposed rule change, however, by not 
more than 60 days if the Commission determines that a longer period is 
appropriate and publishes the reasons for such determination. The 
proposed rule change was published for notice and comment in the 
Federal Register on January 18, 2018. July 17, 2018, is 180 days from 
that date, and September 15, 2018, is 240 days from that date.
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    \9\ 15 U.S.C. 78s(b)(2).
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    The Commission finds it appropriate to designate a longer period 
within which to issue an order approving or disapproving the proposed 
rule change so that it has sufficient time to consider this proposed 
rule change. Accordingly, the Commission, pursuant to Section 19(b)(2) 
of the Act,\10\ designates September 15, 2018, as the date by which the 
Commission shall either approve or disapprove the proposed rule change 
(File No. SR-CboeBZX-2018-001).
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    \10\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\11\
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    \11\ 17 CFR 200.30-3(a)(57).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-14302 Filed 7-2-18; 8:45 am]
 BILLING CODE 8011-01-P

31246 Federal Register / Vol. 83, No. 128 / Tuesday, July 3, 2018 / Notices

Commission, 100 F Street NE, SECURITIES AND EXCHANGE Section 19(b)(2) of the Act 9 provides
Washington, DC 20549–1090. COMMISSION that, after initiating disapproval
proceedings, the Commission shall issue
All submissions should refer to File [Release No. 34–83548; File No. SR–
an order approving or disapproving the
Number SR–ICC–2018–007. This file CboeBZX–2018–001]
proposed rule change not later than 180
number should be included on the days after the date of publication of
Self-Regulatory Organizations; Cboe
subject line if email is used. To help the notice of filing of the proposed rule
BZX Exchange, Inc.; Notice of
Commission process and review your Designation of a Longer Period for change. The Commission may extend
comments more efficiently, please use Commission Action on Proceedings To the period for issuing an order
only one method. The Commission will Determine Whether To Approve or approving or disapproving the proposed
post all comments on the Commission’s Disapprove a Proposed Rule Change rule change, however, by not more than
internet website (http://www.sec.gov/ To List and Trade the Shares of the 60 days if the Commission determines
rules/sro.shtml). Copies of the GraniteShares Bitcoin ETF and the that a longer period is appropriate and
submission, all subsequent GraniteShares Short Bitcoin ETF publishes the reasons for such
amendments, all written statements Under BZX Rule 14.11(f)(4), Trust determination. The proposed rule
with respect to the proposed rule Issued Receipts change was published for notice and
change, security-based swap comment in the Federal Register on
June 28, 2018. January 18, 2018. July 17, 2018, is 180
submission, or advance notice that are
On January 5, 2018, Cboe BZX days from that date, and September 15,
filed with the Commission, and all
Exchange, Inc. (‘‘BZX’’) filed with the 2018, is 240 days from that date.
written communications relating to the
Securities and Exchange Commission The Commission finds it appropriate
proposed rule change, security-based (‘‘Commission’’), pursuant to Section
swap submission, or advance notice to designate a longer period within
19(b)(1) of the Securities Exchange Act which to issue an order approving or
between the Commission and any of 1934 (‘‘Act’’) 1 and Rule 19b–4 disapproving the proposed rule change
person, other than those that may be thereunder,2 a proposed rule change to so that it has sufficient time to consider
withheld from the public in accordance list and trade the shares of the this proposed rule change. Accordingly,
with the provisions of 5 U.S.C. 552, will GraniteShares Bitcoin ETF and the the Commission, pursuant to Section
be available for website viewing and GraniteShares Short Bitcoin ETF under 19(b)(2) of the Act,10 designates
printing in the Commission’s Public BZX Rule 14.11(f)(4). The proposed rule September 15, 2018, as the date by
Reference Room, 100 F Street NE, change was published for comment in which the Commission shall either
Washington, DC 20549, on official the Federal Register on January 18, approve or disapprove the proposed
business days between the hours of 2018.3 On February 22, 2018, pursuant rule change (File No. SR–CboeBZX–
10:00 a.m. and 3:00 p.m. Copies of such to Section 19(b)(2) of the Act,4 the 2018–001).
filings will also be available for Commission designated a longer period
within which to approve the proposed For the Commission, by the Division of
inspection and copying at the principal Trading and Markets, pursuant to delegated
office of ICE Clear Credit and on ICE rule change, disapprove the proposed authority.11
Clear Credit’s website at https:// rule change, or institute proceedings to
Eduardo A. Aleman,
www.theice.com/clear-credit/regulation. determine whether to disapprove the
Assistant Secretary.
proposed rule change.5 On April 5,
All comments received will be posted 2018, the Commission instituted [FR Doc. 2018–14302 Filed 7–2–18; 8:45 am]
without change. Persons submitting proceedings under BILLING CODE 8011–01–P
comments are cautioned that we do not Section 19(b)(2)(B) of the Act 6 to
redact or edit personal identifying determine whether to approve or
information from comment submissions. disapprove the proposed rule change.7 SMALL BUSINESS ADMINISTRATION
You should submit only information The Commission has received eight
that you wish to make available comments on the proposed rule Interest Rates
publicly. All submissions should refer change.8 The Small Business Administration
to File Number SR–ICC–2018–007 and publishes an interest rate called the
1 15
U.S.C.78s(b)(1).
should be submitted on or before July optional ‘‘peg’’ rate (13 CFR 120.214) on
2 17
CFR 240.19b 4.
24, 2018. 3 See Securities Exchange Act Release No. 82484
a quarterly basis. This rate is a weighted
For the Commission, by the Division of (Jan. 11, 2018), 83 FR 2704 (Jan. 18, 2018). average cost of money to the
Trading and Markets, pursuant to delegated 4 15 U.S.C. 78s(b)(2). government for maturities similar to the
authority.10
5 See Securities Exchange Act Release No. 82759 average SBA direct loan. This rate may
(Feb. 22, 2018), 83 FR 8719 (Feb. 28, 2018). be used as a base rate for guaranteed
Eduardo A. Aleman, 6 15 U.S.C. 78s(b)(2)(B).
fluctuating interest rate SBA loans. This
Assistant Secretary. 7 See Securities Exchange Act Release No. 82995
rate will be 2.875 percent for the July–
[FR Doc. 2018–14299 Filed 7–2–18; 8:45 am] (Apr. 5, 2018), 83 FR 15425 (Apr. 10, 2018).
Specifically, the Commission instituted proceedings September quarter of FY 2018.
BILLING CODE 8011–01–P to allow for additional analysis of the proposed rule Pursuant to 13 CFR 120.921(b), the
change’s consistency with Section 6(b)(5) of the maximum legal interest rate for any
Act, which requires, among other things, that the third party lender’s commercial loan
rules of a national securities exchange be ‘‘designed
to prevent fraudulent and manipulative acts and
sradovich on DSK3GMQ082PROD with NOTICES

practices, to promote just and equitable principles Hruska, Managing Director, and Trevor Wagener,
of trade,’’ and ‘‘to protect investors and the public Consultant, NERA Economic Consulting (May 18,
interest.’’ See id. at 15426 (citing 15 U.S.C. 2018). All comments on the proposed rule change
78f(b)(5)). are available on the Commission’s website at:
8 See Letters from Anita Desai (Apr. 6, 2018); Ed https://www.sec.gov/comments/sr-cboebzx-2018-
Kaleda (Apr. 6, 2018); Don Krohn (Apr. 7, 2018); 001/cboebzx2018001.htm.
9 15 U.S.C. 78s(b)(2).
Adam Malkin (Apr. 8, 2018); Shravan Kumar (Apr.
10 Id.
11, 2018); David Barnwell (Apr. 12, 2018); Louise
10 17 CFR 200.30–3(a)(12). Fitzgerald (Apr. 18, 2018); and Sharon Brown- 11 17 CFR 200.30–3(a)(57).

VerDate Sep<11>2014 17:07 Jul 02, 2018 Jkt 244001 PO 00000 Frm 00130 Fmt 4703 Sfmt 4703 E:\FR\FM\03JYN1.SGM 03JYN1

Document Created: 2018-07-02 23:55:52
Document Modified: 2018-07-02 23:55:52

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 31246