83 FR 3789 - Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Withdrawal of a Proposed Rule Change To List and Trade Shares of the First Trust Bitcoin Strategy ETF and the First Trust Inverse Bitcoin Strategy ETF, Each a Series of the First Trust Exchange-Traded Fund VII, Under Rule 14.11(i), Managed Fund Shares

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 18 (January 26, 2018)

Page Range		3789-3789
FR Document		2018-01416

Federal Register, Volume 83 Issue 18 (Friday, January 26, 2018)

[Federal Register Volume 83, Number 18 (Friday, January 26, 2018)]
[Notices]
[Page 3789]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-01416]


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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-82561; File No. SR-CboeBZX-2017-021]


Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of 
Withdrawal of a Proposed Rule Change To List and Trade Shares of the 
First Trust Bitcoin Strategy ETF and the First Trust Inverse Bitcoin 
Strategy ETF, Each a Series of the First Trust Exchange-Traded Fund 
VII, Under Rule 14.11(i), Managed Fund Shares

January 22, 2018.
    On December 19, 2017, Cboe 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 (``Exchange 
Act'') \1\ and Rule 19b-4 thereunder,\2\ a proposed rule change to list 
and trade shares of the First Trust Bitcoin Strategy ETF and the First 
Trust Inverse Bitcoin Strategy ETF, each a series of the First Trust 
Exchange-Traded Fund VII, under Rule 14.11(i), Managed Fund Shares. The 
proposed rule change was published for comment in the Federal Register 
on January 8, 2018.\3\ The Commission received three comment letters on 
the proposed rule change.\4\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 82429 (Jan. 2, 
2018), 83 FR 929 (Jan. 8, 2018).
    \4\ See Letters from Anita Desai (Jan. 4, 2018); Carl Summersett 
(Jan. 4, 2018); and Stephen Knell (Jan. 9, 2018). All comments on 
the proposed rule change are available on the Commission's website 
at: https://www.sec.gov/comments/sr-cboebzx-2017-021/cboebzx2017021.htm.
---------------------------------------------------------------------------

    On January 19, 2018, the Exchange withdrew the proposed rule change 
(SR-CboeBZX-2017-021).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\5\
---------------------------------------------------------------------------

    \5\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-01416 Filed 1-25-18; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 83, No. 18 / Friday, January 26, 2018 / Notices 3789

professionals who will generally submit furtherance of the purposes of the Act. For the Commission, by the Division of
a higher number of orders than Priority If the Commission takes such action, the Trading and Markets, pursuant to delegated
Customers. The Exchange therefore Commission shall institute proceedings authority.27
believes that it is equitable and not to determine whether the proposed rule Eduardo A. Aleman,
unfairly discriminatory to provide more should be approved or disapproved. Assistant Secretary.
favorable pricing to Priority Customer
IV. Solicitation of Comments [FR Doc. 2018–01353 Filed 1–25–18; 8:45 am]
orders in the one instance described
Interested persons are invited to BILLING CODE 8011–01–P
above.
submit written data, views, and
B. Self-Regulatory Organization’s arguments concerning the foregoing,
Statement on Burden on Competition including whether the proposed rule SECURITIES AND EXCHANGE
The Exchange does not believe that change is consistent with the Act. COMMISSION
the proposed rule change will impose Comments may be submitted by any of
any burden on competition not the following methods: [Release No. 34–82561; File No. SR–
necessary or appropriate in furtherance Electronic Comments
CboeBZX–2017–021]
of the purposes of the Act. The
proposed fee change is an overhaul of • Use the Commission’s internet Self-Regulatory Organizations; Cboe
the Exchange’s pricing model that is comment form (http://www.sec.gov/ BZX Exchange, Inc.; Notice of
designed to incentivize members to rules/sro.shtml); or Withdrawal of a Proposed Rule Change
bring additional order flow to the • Send an email to rule-comments@ To List and Trade Shares of the First
Exchange, and create a more active and sec.gov. Please include File Number SR– Trust Bitcoin Strategy ETF and the
quality market in MRX-listed options. MRX–2018–01 on the subject line. First Trust Inverse Bitcoin Strategy
The Exchange therefore believes that the Paper Comments ETF, Each a Series of the First Trust
proposed rule change is a product of the • Send paper comments in triplicate Exchange-Traded Fund VII, Under Rule
competitive environment in the options to Secretary, Securities and Exchange 14.11(i), Managed Fund Shares
industry. The Exchange operates in a Commission, 100 F Street NE,
highly competitive market in which January 22, 2018.
Washington, DC 20549–1090.
market participants can readily favor On December 19, 2017, Cboe BZX
All submissions should refer to File
competing venues if they deem fee Exchange, Inc. (‘‘Exchange’’) filed with
Number SR–MRX–2018–01. This file
levels at a particular venue to be the Securities and Exchange
number should be included on the
excessive, or rebate opportunities Commission (‘‘Commission’’), pursuant
subject line if email is used. To help the
available at other venues to be more to Section 19(b)(1) of the Securities
Commission process and review your
favorable. In such an environment, the Exchange Act of 1934 (‘‘Exchange
comments more efficiently, please use
Exchange must continually adjust its Act’’) 1 and Rule 19b–4 thereunder,2 a
only one method. The Commission will
fees to remain competitive with other proposed rule change to list and trade
post all comments on the Commission’s
exchanges. Because competitors are free shares of the First Trust Bitcoin Strategy
internet website (http://www.sec.gov/
to modify their own fees in response,
rules/sro.shtml). Copies of the ETF and the First Trust Inverse Bitcoin
and because market participants may
submission, all subsequent Strategy ETF, each a series of the First
readily adjust their order routing
amendments, all written statements Trust Exchange-Traded Fund VII, under
practices, the Exchange believes that the
with respect to the proposed rule Rule 14.11(i), Managed Fund Shares.
degree to which fee changes in this
change that are filed with the The proposed rule change was
market may impose any burden on
Commission, and all written published for comment in the Federal
competition is extremely limited.
communications relating to the Register on January 8, 2018.3 The
C. Self-Regulatory Organization’s proposed rule change between the Commission received three comment
Statement on Comments on the Commission and any person, other than letters on the proposed rule change.4
Proposed Rule Change Received From those that may be withheld from the
public in accordance with the On January 19, 2018, the Exchange
Members, Participants, or Others
provisions of 5 U.S.C. 552, will be withdrew the proposed rule change
No written comments were either (SR–CboeBZX–2017–021).
solicited or received. available for website viewing and
printing in the Commission’s Public For the Commission, by the Division of
III. Date of Effectiveness of the Reference Room, 100 F Street NE, Trading and Markets, pursuant to delegated
Proposed Rule Change and Timing for Washington, DC 20549, on official authority.5
Commission Action business days between the hours of Eduardo A. Aleman,
The foregoing rule change has become 10:00 a.m. and 3:00 p.m. Copies of the Assistant Secretary.
effective pursuant to Section filing also will be available for [FR Doc. 2018–01416 Filed 1–25–18; 8:45 am]
19(b)(3)(A)(ii) of the Act,25 and Rule inspection and copying at the principal
BILLING CODE 8011–01–P
19b–4(f)(2) 26 thereunder. At any time office of the Exchange. All comments
within 60 days of the filing of the received will be posted without change.
27 17 CFR 200.30–3(a)(12).
proposed rule change, the Commission Persons submitting comments are 1 15 U.S.C. 78s(b)(1).
summarily may temporarily suspend cautioned that we do not redact or edit 2 17 CFR 240.19b–4.
such rule change if it appears to the personal identifying information from
daltland on DSKBBV9HB2PROD with NOTICES

3 See Securities Exchange Act Release No. 82429

Commission that such action is: (i) comment submissions. You should (Jan. 2, 2018), 83 FR 929 (Jan. 8, 2018).
Necessary or appropriate in the public submit only information that you wish 4 See Letters from Anita Desai (Jan. 4, 2018); Carl

interest; (ii) for the protection of to make available publicly. All Summersett (Jan. 4, 2018); and Stephen Knell (Jan.
submissions should refer to File 9, 2018). All comments on the proposed rule change
investors; or (iii) otherwise in are available on the Commission’s website at:
Number SR–MRX–2018–01 and should https://www.sec.gov/comments/sr-cboebzx-2017-
25 15 U.S.C. 78s(b)(3)(A)(ii). be submitted on or before February 16, 021/cboebzx2017021.htm.
26 17 CFR 240.19b–4(f)(2). 2018. 5 17 CFR 200.30–3(a)(12).

VerDate Sep<11>2014 20:14 Jan 25, 2018 Jkt 244001 PO 00000 Frm 00117 Fmt 4703 Sfmt 9990 E:\FR\FM\26JAN1.SGM 26JAN1

Document Created: 2018-10-26 10:05:56
Document Modified: 2018-10-26 10:05:56

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 3789