83 FR 8532 - Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade the Shares of the Western Asset Total Return ETF

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 39 (February 27, 2018)

Page Range		8532-8532
FR Document		2018-03895

Federal Register, Volume 83 Issue 39 (Tuesday, February 27, 2018)

[Federal Register Volume 83, Number 39 (Tuesday, February 27, 2018)]
[Notices]
[Page 8532]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-03895]


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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-82757; File No. SR-NASDAQ-2017-128]


Self-Regulatory Organizations; The Nasdaq Stock Market LLC; 
Notice of Designation of a Longer Period for Commission Action on a 
Proposed Rule Change To List and Trade the Shares of the Western Asset 
Total Return ETF

February 21, 2018.
    On December 20, 2017, The Nasdaq Stock Market LLC (``Nasdaq'') 
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 of the Western Asset Total Return ETF, a series 
of Legg Mason ETF Investment Trust under Nasdaq Rule 5735. The proposed 
rule change was published for comment in the Federal Register on 
January 9, 2018.\3\ The Commission has received no comments on the 
proposed rule change.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 82439 (Jan. 3, 
2018), 83 FR 1062.
---------------------------------------------------------------------------

    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 February 23, 2018. The Commission is extending this 45-day time 
period.
---------------------------------------------------------------------------

    \4\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------

    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 proposed rule change. 
Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates April 9, 2018, 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 Number 
SR-NASDAQ-2017-128).
---------------------------------------------------------------------------

    \5\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
---------------------------------------------------------------------------

    \6\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------

Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-03895 Filed 2-26-18; 8:45 am]
 BILLING CODE 8011-01-P

8532 Federal Register / Vol. 83, No. 39 / Tuesday, February 27, 2018 / Notices

rules, regulations and skills relevant to All submissions should refer to File Commission (‘‘Commission’’), pursuant
those functions and associated tasks. As Number SR–FINRA–2018–009. This file to Section 19(b)(1) of the Securities
such, the proposed revisions would number should be included on the Exchange Act of 1934 (‘‘Act’’) 1 and Rule
make the examination more effective. subject line if email is used. To help the 19b–4 thereunder,2 a proposed rule
FINRA also provided a detailed Commission process and review your change to list and trade shares of the
economic impact assessment regarding comments more efficiently, please use Western Asset Total Return ETF, a
the introduction of the SIE examination only one method. The Commission will series of Legg Mason ETF Investment
and the restructuring of the post all comments on the Commission’s Trust under Nasdaq Rule 5735. The
representative-level examinations as internet website (http://www.sec.gov/ proposed rule change was published for
part of the proposed rule change to rules/sro.shtml). Copies of the comment in the Federal Register on
restructure the FINRA representative- submission, all subsequent January 9, 2018.3 The Commission has
level qualification examination amendments, all written statements received no comments on the proposed
program.24 with respect to the proposed rule
rule change.
change that are filed with the
C. Self-Regulatory Organization’s Section 19(b)(2) of the Act 4 provides
Commission, and all written
Statement on Comments on the that, within 45 days of the publication
communications relating to the
Proposed Rule Change Received From of notice of the filing of a proposed rule
proposed rule change between the
Members, Participants, or Others change, or within such longer period up
Commission and any person, other than
Written comments were neither those that may be withheld from the to 90 days as the Commission may
solicited nor received. public in accordance with the designate if it finds such longer period
III. Date of Effectiveness of the provisions of 5 U.S.C. 552, will be to be appropriate and publishes its
Proposed Rule Change and Timing for available for website viewing and reasons for so finding or as to which the
Commission Action printing in the Commission’s Public self-regulatory organization consents,
Reference Room, 100 F Street NE, the Commission shall either approve the
The foregoing rule change has become Washington, DC 20549, on official proposed rule change, disapprove the
effective pursuant to Section 19(b)(3)(A) business days between the hours of proposed rule change, or institute
of the Act 25 and paragraph (f)(1) of Rule 10:00 a.m. and 3:00 p.m. Copies of the proceedings to determine whether the
19b–4 thereunder.26 At any time within filing also will be available for proposed rule change should be
60 days of the filing of the proposed rule inspection and copying at the principal disapproved. The 45th day after
change, the Commission summarily may office of FINRA. All comments received publication of the notice for this
temporarily suspend such rule change if will be posted without change. Persons
it appears to the Commission that such proposed rule change is February 23,
submitting comments are cautioned that
action is necessary or appropriate in the 2018. The Commission is extending this
we do not redact or edit personal
public interest, for the protection of 45-day time period.
identifying information from comment
investors, or otherwise in furtherance of submissions. You should submit only The Commission finds that it is
the purposes of the Act. If the information that you wish to make appropriate to designate a longer period
Commission takes such action, the available publicly. All submissions within which to take action on the
Commission shall institute proceedings should refer to File Number SR–FINRA– proposed rule change so that it has
to determine whether the proposed rule 2018–009, and should be submitted on sufficient time to consider the proposed
should be approved or disapproved. or before March 20, 2018. rule change. Accordingly, the
IV. Solicitation of Comments For the Commission, by the Division of Commission, pursuant to Section
Trading and Markets, pursuant to delegated 19(b)(2) of the Act,5 designates April 9,
Interested persons are invited to authority.27 2018, as the date by which the
submit written data, views, and Eduardo A. Aleman, Commission shall either approve or
arguments concerning the foregoing, disapprove, or institute proceedings to
Assistant Secretary.
including whether the proposed rule
[FR Doc. 2018–03887 Filed 2–26–18; 8:45 am] determine whether to disapprove, the
change is consistent with the Act.
BILLING CODE 8011–01–P proposed rule change (File Number SR–
Comments may be submitted by any of
the following methods: NASDAQ–2017–128).
For the Commission, by the Division of
Electronic Comments SECURITIES AND EXCHANGE Trading and Markets, pursuant to delegated
• Use the Commission’s internet COMMISSION authority.6
comment form (http://www.sec.gov/ [Release No. 34–82757; File No. SR– Eduardo A. Aleman,
rules/sro.shtml); or NASDAQ–2017–128] Assistant Secretary.
• Send an email to rule-comments@ [FR Doc. 2018–03895 Filed 2–26–18; 8:45 am]
sec.gov. Please include File Number SR– Self-Regulatory Organizations; The
FINRA–2018–009 on the subject line. Nasdaq Stock Market LLC; Notice of BILLING CODE 8011–01–P

Designation of a Longer Period for
Paper Comments Commission Action on a Proposed
• Send paper comments in triplicate Rule Change To List and Trade the
to Secretary, Securities and Exchange Shares of the Western Asset Total
Return ETF
daltland on DSKBBV9HB2PROD with NOTICES

Commission, 100 F Street NE,
1 15 U.S.C. 78s(b)(1).
Washington, DC 20549–1090.
February 21, 2018. 2 17 CFR 240.19b–4.
24 See
On December 20, 2017, The Nasdaq 3 See Securities Exchange Act Release No. 82439
Securities Exchange Act Release No. 80371
(April 4, 2017), 82 FR 17336 (April 10, 2017) Stock Market LLC (‘‘Nasdaq’’) filed with (Jan. 3, 2018), 83 FR 1062.
(Notice of Filing of File No. SR–FINRA–2017–007). the Securities and Exchange 4 15 U.S.C. 78s(b)(2).

25 15 U.S.C. 78s(b)(3)(A). 5 Id.

26 17 CFR 240.19b–4(f)(1). 27 17 CFR 200.30–3(a)(12). 6 17 CFR 200.30–3(a)(31).

VerDate Sep<11>2014 19:49 Feb 26, 2018 Jkt 244001 PO 00000 Frm 00115 Fmt 4703 Sfmt 9990 E:\FR\FM\27FEN1.SGM 27FEN1

Document Created: 2018-02-27 01:14:58
Document Modified: 2018-02-27 01:14:58

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 8532