83 FR 63943 - 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 WisdomTree Long-Term Treasury PutWrite Strategy Fund, WisdomTree Corporate Bond PutWrite Strategy Fund, WisdomTree International PutWrite Strategy Fund, and WisdomTree Emerging Markets PutWrite Strategy Fund Under Rule 14.11(i), Managed Fund Shares

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 238 (December 12, 2018)

Page Range		63943-63943
FR Document		2018-26912

Federal Register, Volume 83 Issue 238 (Wednesday, December 12, 2018)

[Federal Register Volume 83, Number 238 (Wednesday, December 12, 2018)]
[Notices]
[Page 63943]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-26912]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-84750; File No. SR-CboeBZX-2018-078]


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 WisdomTree Long-Term Treasury 
PutWrite Strategy Fund, WisdomTree Corporate Bond PutWrite Strategy 
Fund, WisdomTree International PutWrite Strategy Fund, and WisdomTree 
Emerging Markets PutWrite Strategy Fund Under Rule 14.11(i), Managed 
Fund Shares

December 7, 2018.
    On October 9, 2018, Cboe BZX Exchange, Inc. (``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 the WisdomTree Long-Term 
Treasury PutWrite Strategy Fund, WisdomTree Corporate Bond PutWrite 
Strategy Fund, WisdomTree International PutWrite Strategy Fund, and 
WisdomTree Emerging Markets PutWrite Strategy Fund, each a series of 
the WisdomTree Trust, pursuant to BZX Rule 14.11(i), which governs the 
listing and trading of Managed Fund Shares on the Exchange. The 
proposed rule change was published for comment in the Federal Register 
on October 25, 2018.\3\ On December 3, 2018, the Exchange filed 
Amendment No. 1 to the proposed rule change. The Commission has 
received no comment letters on the proposed rule change.
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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. 84456 (October 19, 
2018), 83 FR 53928.
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    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 proposed rule change 
is December 9, 2018. The Commission is extending this 45-day time 
period.
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    \4\ 15 U.S.C. 78s(b)(2).
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    The Commission finds that it is appropriate to designate a longer 
period within which to take action on the proposal so that it has 
sufficient time to consider the proposed rule change in light of the 
recently filed Amendment No. 1. Accordingly, the Commission, pursuant 
to Section 19(b)(2) of the Act,\5\ designates January 23, 2019, 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-2018-078), as modified by Amendment 
No. 1.
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    \5\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(31).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-26912 Filed 12-11-18; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 83, No. 238 / Wednesday, December 12, 2018 / Notices 63943

For the Commission, by the Division of reasons for so finding, or as to which the I. Self-Regulatory Organization’s
Trading and Markets, pursuant to delegated self-regulatory organization consents, Statement of the Terms of Substance of
authority.15 the Commission shall either approve the the Proposed Rule Change
proposed rule change, disapprove the The Exchange proposes to amend
Eduardo A. Aleman, proposed rule change, or institute
Assistant Secretary. GEMX Rule 701, entitled ‘‘Opening,’’
proceedings to determine whether the GEMX Rule 803, entitled ‘‘Obligations
[FR Doc. 2018–26830 Filed 12–11–18; 8:45 am] proposed rule change should be of Market Makers’’ and GEMX Rule 100,
BILLING CODE 8011–01–P disapproved. The 45th day after entitled ‘‘Definitions.’’
publication of the notice for this The text of the proposed rule change
proposed rule change is December 9, is available on the Exchange’s website at
SECURITIES AND EXCHANGE 2018. The Commission is extending this
COMMISSION http://nasdaqgemx.cchwallstreet.com/,
45-day time period. at the principal office of the Exchange,
[Release No. 34–84750; File No. SR- The Commission finds that it is and at the Commission’s Public
CboeBZX–2018–078] appropriate to designate a longer period Reference Room.
within which to take action on the
Self-Regulatory Organizations; Cboe proposal so that it has sufficient time to II. Self-Regulatory Organization’s
BZX Exchange, Inc.; Notice of consider the proposed rule change in Statement of the Purpose of, and
Designation of a Longer Period for Statutory Basis for, the Proposed Rule
light of the recently filed Amendment
Commission Action on a Proposed Change
No. 1. Accordingly, the Commission,
Rule Change To List and Trade Shares
pursuant to Section 19(b)(2) of the Act,5 In its filing with the Commission, the
of the WisdomTree Long-Term
designates January 23, 2019, as the date Exchange included statements
Treasury PutWrite Strategy Fund,
by which the Commission shall either concerning the purpose of and basis for
WisdomTree Corporate Bond PutWrite
approve or disapprove, or institute the proposed rule change and discussed
Strategy Fund, WisdomTree
proceedings to determine whether to any comments it received on the
International PutWrite Strategy Fund,
disapprove, the proposed rule change proposed rule change. The text of these
and WisdomTree Emerging Markets
(File No. SR-CboeBZX–2018–078), as statements may be examined at the
PutWrite Strategy Fund Under Rule
14.11(i), Managed Fund Shares modified by Amendment No. 1. places specified in Item IV below. The
For the Commission, by the Division of Exchange has prepared summaries, set
December 7, 2018. Trading and Markets, pursuant to delegated forth in sections A, B, and C below, of
On October 9, 2018, Cboe BZX authority.6 the most significant aspects of such
Exchange, Inc. (‘‘Exchange’’ or ‘‘BZX’’) Eduardo A. Aleman, statements.
filed with the Securities and Exchange Assistant Secretary.
Commission (‘‘Commission’’), pursuant A. Self-Regulatory Organization’s
[FR Doc. 2018–26912 Filed 12–11–18; 8:45 am] Statement of the Purpose of, and
to Section 19(b)(1) of the Securities
Exchange Act of 1934 (‘‘Act’’) 1 and Rule
BILLING CODE 8011–01–P Statutory Basis for, the Proposed Rule
19b–4 thereunder,2 a proposed rule Change
change to list and trade shares the SECURITIES AND EXCHANGE 1. Purpose
WisdomTree Long-Term Treasury COMMISSION GEMX proposes several amendments
PutWrite Strategy Fund, WisdomTree
in this rule change. First, the Exchange
Corporate Bond PutWrite Strategy Fund,
[Release No. 34–84730; File No. SR–GEMX– proposes to amend GEMX Rule 701,
WisdomTree International PutWrite
Strategy Fund, and WisdomTree
2018–39] entitled ‘‘Opening’’ and GEMX Rule
Emerging Markets PutWrite Strategy 803, entitled ‘‘Obligations of Market
Self-Regulatory Organizations; Nasdaq Makers’’ to correct inconsistencies
Fund, each a series of the WisdomTree GEMX, LLC; Notice of Filing and
Trust, pursuant to BZX Rule 14.11(i), between the Exchange’s rule text and
Immediate Effectiveness of Proposed the operation of the System. Second, the
which governs the listing and trading of Rule Change Relating to Bid/Ask
Managed Fund Shares on the Exchange. Exchange proposes to add definitions to
Differentials GEMX Rule 100 to define ‘‘in-the-
The proposed rule change was
published for comment in the Federal December 6, 2018. money’’ and ‘‘out-of-the-money’’ option
Register on October 25, 2018.3 On series. Third, the Exchange proposes to
Pursuant to Section 19(b)(1) of the correct various cross references to Rule
December 3, 2018, the Exchange filed Securities Exchange Act of 1934
Amendment No. 1 to the proposed rule 100. Each amendment will be described
(‘‘Act’’),1 and Rule 19b–4 thereunder,2 in more detail below.
change. The Commission has received notice is hereby given that on November
no comment letters on the proposed rule 28, 2018, Nasdaq GEMX, LLC (‘‘GEMX’’ Rules 701 and 803
change. or ‘‘Exchange’’) filed with the Securities
Section 19(b)(2) of the Act 4 provides Today, for the Opening Process,
and Exchange Commission GEMX Rule 701(a)(8) defines a ‘‘Valid
that, within 45 days of the publication
(‘‘Commission’’) the proposed rule Width Quote’’ as a two-sided electronic
of notice of the filing of a proposed rule
change as described in Items I and II quotation submitted by a Market Maker
change, or within such longer period up
below, which Items have been prepared that consists of a bid/ask differential
to 90 days as the Commission may
by the Exchange. The Commission is that is compliant with Rule 803(b)(4).3
designate if it finds such longer period
publishing this notice to solicit
amozie on DSK3GDR082PROD with NOTICES1

to be appropriate and publishes its
comments on the proposed rule change 3 GEMX Rule 803(b)(4) provides:
15 17 CFR 200.30–3(a)(12).
from interested persons. ‘‘To price options contracts fairly by, among other
1 15 U.S.C.78s(b)(1).
things, bidding and offering so as to create
5 Id.
differences of no more than $5 between the bid and
2 17 CFR 240.19b–4.
offer following the opening rotation in an equity or
3 See Securities Exchange Act Release No. 84456 6 17 CFR 200.30–3(a)(31). index options contract. Prior to the opening
(October 19, 2018), 83 FR 53928. 1 15 U.S.C. 78s(b)(1). rotation, spread differentials shall be no more than
4 15 U.S.C. 78s(b)(2). 2 17 CFR 240.19b–4. Continued

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Document Created: 2018-12-12 01:39:41
Document Modified: 2018-12-12 01:39:41

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 63943