2234 Federal Register / Vol. 83, No. 10 / Tuesday, January 16, 2018 / Notices 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

September 7, 2017; November 21, 2017; 

and December 18, 2017. 

Brief description of amendments: The 

amendments revised the licensing basis 

of FNP to support a full scope 

application of an Alternative Source 

Term methodology and modified 

Technical Specifications (TSs) 3.7.10, 

3.9.3, and TS 5.5.18, consistent with 

Technical Specifications Task Force 

(TSTF) Travelers TSTF–448–A, 

‘‘Control Room Habitability,’’ Revision 

3, and TSTF–312, ‘‘Administratively 

Control Containment Penetrations.’’ 

Date of issuance: December 20, 2017. 

Effective date: As of the date of 

issuance and shall be implemented 

within 120 days of issuance. 

Amendment Nos.: 216 (Unit 1) and 

213 (Unit 2). A publicly-available 

version is in ADAMS under Accession 

No. ML17271A265; documents related 

to these amendments are listed in the 

Safety Evaluation enclosed with the 

amendments. 

Renewed Facility Operating License 

Nos. NPF–2 and NPF–8: The 

amendments revised the Renewed 

Facility Operating Licenses and TSs. 

Date of initial notice in Federal 

Register: January 3, 2017 (82 FR 160). 

The supplemental letters dated May 23, 

2017; June 8, 2017; September 7, 2017; 

November 21, 2017; and December 18, 

2017, provided additional information 

that clarified the application, did not 

expand the scope of the application as 

originally noticed, and did not change 

the NRC staff’s original proposed no 

significant hazards consideration 

determination as published in the 

Federal Register. 

The Commission’s related evaluation 

of the amendments is contained in a 

Safety Evaluation dated December 20, 

2017. 

No significant hazards consideration 

comments received: No. 

Tennessee Valley Authority, Docket 

Nos. 50–259, 50–260, and 50–296, 

Browns Ferry Nuclear Plant, Units 1, 2, 

and 3 (BFN), Limestone County, 

Alabama 

Date of amendment request: June 7, 

2017. As supplemented by letters dated 

September 18 and October 23, 2017. 

Brief description of amendment: The 

amendments revised fire protection 

license condition 2.C.(13) for Unit 1, 

license condition 2.C.(14) for Unit 2, 

and license condition 2.C.(7) for Unit 3. 

Date of issuance: December 19, 2017. 

Effective date: As of the date of 

issuance and shall be implemented as 

indicated in Items 2 and 3 under 

‘‘Transition License Conditions’’ of the 

Operating Licenses, as shown in the 

attachment to the license amendments. 

Amendment Nos.: 302 (Unit 1), 326 

(Unit 2), and 286 (Unit 3). A publiclyavailable version is in ADAMS under 

Accession No. ML17317A422; 

documents related to these amendments 

are listed in the Safety Evaluation 

enclosed with the amendments. 

Renewed Facility Operating License 

Nos. DPR–33, DPR–52, and DPR–68: 

Amendments revised the licenses. 

Date of initial notice in Federal 

Register: September 5, 2017 (82 FR 

41997). The supplemental letters dated 

September 18 and October 23, 2017, 

provided additional information that 

clarified the application, did not expand 

the scope of the application as originally 

noticed, and did not change the staff’s 

original proposed no significant hazards 

consideration determination as 

published in the Federal Register. 

The Commission’s related evaluations 

of the amendments are contained in 

Safety Evaluations dated December 19, 

2017. 

No significant hazards consideration 

comments received: No. 

Tennessee Valley Authority (TVA) 

Docket Nos. 50–259, 50–260, 50–296, 

and 72–052, Browns Ferry Nuclear Plant 

(BFN), Units 1, 2, and 3, Limestone 

County, Alabama 

TVA Docket Nos. 50–327, 50–328, and 

72–034, Sequoyah Nuclear Plant (SQN), 

Units 1 and 2, Hamilton County, 

Tennessee 

TVA Docket Nos. 50–390, 50–391, and 

72–1048, Watts Bar Nuclear Plant 

(WBN), Units 1 and 2, Rhea County, 

Tennessee 

Date of amendment request: January 

4, 2017, as supplemented by letter dated 

July 7, 2017. 

Brief description of amendments: The 

amendments revised TVA Emergency 

Plans for the above nuclear plants. 

Specifically, they adopted the NRCendorsed Radiological Emergency Plan 

Emergency Action Level schemes 

developed by the Nuclear Energy 

Institute (NEI 99–01, Revision 6, 

‘‘Development of Emergency Action 

Levels for Non-Passive Reactors’’). 

Date of issuance: December 22, 2017. 

Effective date: As of the date of 

issuance and shall be implemented 

within 180 days from the date of its 

issuance or July 3, 2018, whichever 

comes later. 

Amendment Nos.: BFN, 303 (Unit 1), 

327 (Unit 2), and 287 (Unit 3); SQN, 339 

(Unit 1) and 332 (Unit 2); and WBN, 118 

(Unit 1) and 18 (Unit 2). A publiclyavailable version is in ADAMS under 

Accession No. ML17289A032; 

documents related to these amendments 

are listed in the Safety Evaluations (SEs) 

enclosed with the amendments. 

Renewed Facility Operating License 

Nos. DPR–33, DPR–52, DPR–68, DPR– 

77, DPR–79 and Facility Operating 

License Nos, NPF–90 and NPF–96: 

Amendments revised the licenses. 

Date of initial notice in Federal 

Register: June 19, 2017 (82 FR 27891). 

The supplemental letter dated July 7, 

2017, provided additional information 

that clarified the application, did not 

expand the scope of the application as 

originally noticed, and did not change 

the staff’s original proposed no 

significant hazards consideration 

determination as published in the 

Federal Register. 

The Commission’s related evaluation 

of the amendment is contained in SEs 

dated December 22, 2017. 

No significant hazards consideration 

comments received: No. 

Dated at Rockville, Maryland, on January 8, 

2018. 

For the Nuclear Regulatory Commission. 

Kathryn M. Brock, 

Acting Director, Division of Operating Reactor 

Licensing, Office of Nuclear Reactor 

Regulation. 

[FR Doc. 2018–00386 Filed 1–12–18; 8:45 am] 

BILLING CODE 7590–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–82476; File No. SR– 

BATSBZX–2017–58] 

Self-Regulatory Organizations; Bats 

BZX Exchange, Inc.; Order Approving 

a Proposed Rule Change, as Modified 

by Amendment No. 2, To List and 

Trade Shares of the Cboe Vest S&P 

500® Dividend Aristocrats® Target 

Income Index ETF Under the ETF 

Series Solutions Trust Under Rule 

14.11(c)(3) 

January 9, 2018. 

I. Introduction 

On September 19, 2017, Bats 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’’ or 

‘‘Exchange Act’’) 1 and Rule 19b–4 

thereunder,2 a proposed rule change to 

list and trade shares (‘‘Shares’’) of the 

Cboe Vest S&P 500® Dividend 

Aristocrats® Target Income Index ETF 

(‘‘Fund’’) under the ETF Series 

Solutions Trust (‘‘Trust’’). The proposed 


daltland on DSKBBV9HB2PROD with NOTICES
Federal Register / Vol. 83, No. 10 / Tuesday, January 16, 2018 / Notices 2235 

3See Securities Exchange Act Release No. 81815 

(October 4, 2017), 82 FR 47265. 

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

5See Securities Exchange Act Release No. 82115, 

82 FR 55891 (November 24, 2017). The Commission 

designated January 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. 

6 In Amendment No. 2, the Exchange: (1) Updated 

information regarding the Fund’s registration 

statement; (2) made representations regarding the 

fire walls to be implemented by the Fund’s adviser 

and the provider of the underlying index; (3) 

disclosed the investment objective of the Fund; (4) 

provided additional information regarding the 

underlying index; (5) supplemented its description 

of the Fund’s permitted investments; (6) described 

the availability of price information for the Shares 

and the Fund’s permitted investments; (7) made 

certain representations regarding surveillance; (8) 

represented that the Fund’s portfolio holdings will 

be disclosed daily on the issuer’s website; (9) stated 

that the Exchange deems the Shares to be equity 

securities; (10) disclosed the minimum number of 

Shares that will be outstanding at the 

commencement of trading; (11) identified 

circumstances in which trading in the Shares may 

and will be halted; and (12) made other technical 

amendments. Amendment No. 2 is available at 

https://www.sec.gov/comments/sr-batsbzx-2017-58/ 

batsbzx201758-2869571-161745.pdf. Because 

Amendment No. 2 does not materially alter the 

substance of the proposed rule change or raise 

unique or novel regulatory issues, Amendment No. 

2 is not subject to notice and comment. 

7Additional information regarding the Trust, the 

Fund, the underlying index, and the Shares, 

including investment strategies, risks, creation and 

redemption procedures, fees, portfolio holdings, 

disclosure policies, calculation of the NAV, 

distributions, and taxes, among other things, can be 

found in Amendment No. 2, supra note 6, and the 

Registration Statement, infra note 8. 

8According to the Exchange, the Trust filed with 

the Commission a registration statement on Form 

N–1A under the Securities Act of 1993 relating to 

the Fund (File Nos. 333–179562 and 811–22668) 

(‘‘Registration Statement’’). According to the 

Exchange, the Commission has not yet issued an 

order granting exemptive relief to the Trust under 

the Investment Company Act of 1940 (15 U.S.C. 

80a–1) applicable to the activities of the Fund. The 

Exchange represents that the Fund will not be listed 

on the Exchange until such an order is issued and 

any conditions contained therein are satisfied. 

9According to the Exchange, there are currently 

51 stocks in the Index and at each annual 

reconstitution the minimum number of constituent 

stocks is 40. 

10All of the options contracts held by the Fund 

will trade on markets that are a member of 

Intermarket Surveillance Group (‘‘ISG’’) or affiliated 

with a member of ISG or with which the Exchange 

has in place a comprehensive surveillance sharing 

agreement. 

11 ‘‘Normal Market Conditions’’ is defined in BZX 

Rule 14.11(i)(3)(E). 

12For purposes of this proposal, cash equivalents 

include short-term instruments with maturities of 

less than three months, including: (i) U.S. 

Government securities, including bills, notes, and 

bonds differing as to maturity and rates of interest, 

which are either issued or guaranteed by the U.S. 

Continued 

rule change was published for comment 

in the Federal Register on October 11, 

2017.3 On November 17,2017, 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 On December 

29, 2017, the Exchange filed 

Amendment No. 1 to the proposed rule 

change. On January 2, 2018, the 

Exchange filed Amendment No. 2 to the 

proposed rule change, which replaced 

the original filing, as amended by 

Amendment No. 1, in its entirety.6 The 

Commission received no comments on 

the proposed rule change. This order 

approves the proposed rule change, as 

modified by Amendment No. 2. 

II. Description of the Proposal 7

The Exchange proposes to list and 

trade the Shares pursuant to its Rule 

14.11(c)(3), which governs the listing 

and trading of Index Fund Shares on the 

Exchange.8 The Shares do not qualify 

for generic listing because the index 

underlying the Shares includes 

derivatives, rather than consisting 

exclusively of ‘‘U.S. Component Stocks’’ 

(as defined in BZX Rule 14.11(c)(1)(D)) 

or ‘‘U.S. Component Stocks and cash,’’ 

as required by BZX Rule 

14.11(c)(3)(A)(i). 

The Funds’ adviser, Cboe Vest 

Financial, LLC (the ‘‘Adviser’’), and 

index provider, Chicago Board Options 

Exchange (‘‘Cboe Options’’ or the 

‘‘Index Provider’’), are not registered as 

broker-dealers, but are affiliated with a 

broker-dealer. The Index Provider has 

implemented and will maintain a ‘‘fire 

wall’’ with respect to such broker-dealer 

and its personnel regarding access to 

information concerning the composition 

and/or changes to the Index (as defined 

below). In addition, Index Provider 

personnel who make decisions 

regarding the Index composition or 

methodology are subject to procedures 

designed to prevent the use and 

dissemination of material nonpublic 

information regarding the Index, 

pursuant to BZX Rule 14.11(c)(3)(B)(iii). 

The Adviser has also implemented and 

will maintain a ‘‘fire wall’’ with respect 

to such broker-dealer and its personnel 

regarding access to information 

concerning the composition and/or 

changes to the portfolio. In addition, 

Adviser personnel who make decisions 

regarding a Fund’s portfolio are subject 

to procedures designed to prevent the 

use and dissemination of material 

nonpublic information regarding a 

Fund’s portfolio. In the event that (a) the 

Adviser becomes registered as a brokerdealer or newly affiliated with another 

broker-dealer; or (b) any new adviser or 

sub-adviser is a registered broker-dealer 

or becomes affiliated with a brokerdealer; it will implement a fire wall 

with respect to its relevant personnel or 

such broker-dealer affiliate, as 

applicable, regarding access to 

information concerning the composition 

and/or changes to the portfolio, and will 

be subject to procedures designed to 

prevent the use and dissemination of 

material non-public information 

regarding such portfolio. 

A. The Index 

The Fund will track the Cboe S&P 

500® Dividend Aristocrats® Target 

Income Index (‘‘Index’’). The Index is 

composed of two parts: (1) An equalweighted portfolio of the stocks 

contained in the S&P 500 Dividend 

Aristocrats Index 9 (‘‘Aristocrat Stocks’’) 

that have options that trade on a 

national securities exchange; and (2) a 

rolling series of short weekly or monthly 

call options on each of the Aristocrat 

Stocks (‘‘Covered Calls’’).10 The equity 

component of the Index is rebalanced 

(i.e., weights are reset to equalweighted) quarterly effective after the 

close of the last business day of each 

January, April, July, and October and 

reconstituted (i.e., Aristocrat Stocks are 

added and deleted according to the 

Index rules) annually effective after the 

close of the last business day of each 

January. 

B. The Fund’s Principal Investments 

The Fund would invest all, or 

substantially all, of its assets in the 

component securities that make up the 

Index. Under Normal Market 

Conditions,11 at least 80% of the Fund’s 

total assets (exclusive of any collateral 

held from securities lending) will be 

invested in the component securities of 

the Index. The Fund will hold only: 

U.S. exchange-listed equity securities; 

FLEX options listed on a U.S. national 

securities exchange overlying other 

exchange-listed equity securities or U.S 

equity indexes; standardized options 

listed on a U.S. national securities 

exchange overlying exchange-listed 

equity securities or U.S. equity indexes; 

cash; and cash equivalents. 

C. The Fund’s Non-Principal 

Investments 

The Fund would hold up to 20% of 

its assets in instruments that are not 

included in the Index, including only 

the following: U.S. exchange-listed ETFs 

that provide broad-based exposure to 

U.S. large cap stocks, U.S. exchangelisted FLEX and/or U.S. exchange-listed 

standardized options on such ETFs, U.S. 

exchange-listed FLEX and/or U.S. 

exchange-listed standardized options on 

the S&P 500 Index, and cash and cash 

equivalents.12


daltland on DSKBBV9HB2PROD with NOTICES
2236 Federal Register / Vol. 83, No. 10 / Tuesday, January 16, 2018 / Notices 

Treasury or by U.S. Government agencies or 

instrumentalities; (ii) certificates of deposit issued 

against funds deposited in a bank or savings and 

loan association; (iii) bankers acceptances, which 

are short-term credit instruments used to finance 

commercial transactions; (iv) repurchase 

agreements and reverse repurchase agreements; (v) 

bank time deposits, which are monies kept on 

deposit with banks or savings and loan associations 

for a stated period of time at a fixed rate of interest; 

(vi) commercial paper, which are short-term 

unsecured promissory notes; and (vii) money 

market funds. 

13 In approving this proposed rule change, the 

Commission has considered the proposed rule’s 

impact on efficiency, competition, and capital 

formation. See 15 U.S.C. 78c(f). 

14 15 U.S.C. 78k–1(a)(1)(C)(iii). 

15 15 U.S.C. 78f(b)(5). 

16See Amendment No. 2, supra note 6, at 11. 

17See BZX Rule 14.11(c)(3)(B)(ii)(a). The 

Exchange’s ‘‘Regular Trading Hours’’ are between 

9:30 a.m. and 4:00 p.m. Eastern Time. See BZX Rule 

1.5(w). 

18See BZX Rule 14.11(c)(3)(C). 

19See BZX Rule 14.11(c)(1)(B)(iv). 

20See Amendment No. 2, supra note 6, at 11. 

21See BZX Rule 14.11(c)(9)(A)(ii). 

22See BZX Rule 14.11(c)(1)(b)(iv). 

23See Amendment No. 2, supra note 6, at 11. 

24See id. at 11–12. 

25See id. at 10, 15. 

26See id. at 11. 

27See id. 

28See id. at 4 n.3. 

III. Discussion and Commission 

Findings 

After careful review, the Commission 

finds that the Exchange’s proposal to list 

and trade the Shares, as modified by 

Amendment No. 2, is consistent with 

the Exchange Act and the rules and 

regulations thereunder applicable to a 

national securities exchange.13 In 

particular, the Commission finds that 

the proposal to list and trade the Shares 

on the Exchange is consistent with 

Section 11A(a)(1)(C)(iii) of the Exchange 

Act,14 which sets forth Congress’s 

finding that it is in the public interest 

and appropriate for the protection of 

investors and the maintenance of fair 

and orderly markets to assure the 

availability to brokers, dealers, and 

investors of information with respect to 

quotations for, and transactions in, 

securities. According to the Exchange, 

quotation and last-sale information for 

the Shares will be available through the 

Consolidated Tape Association, and 

information regarding the previous 

day’s closing price and trading volume 

for the Shares will be published daily in 

the financial section of newspapers. 

The Commission also finds that the 

proposed rule change is consistent with 

Section 6(b)(5) of the Exchange Act,15

which requires, among other things, that 

the Exchange’s rules be designed to 

prevent fraudulent and manipulative 

acts and practices, to promote just and 

equitable principles of trade, to remove 

impediments to and perfect the 

mechanism of a free and open market 

and a national market system, and, in 

general, to protect investors and the 

public interest. The Commission 

believes that the proposal to list and 

trade the Shares is reasonably designed 

to promote fair disclosure of 

information that may be necessary to 

price the Shares appropriately. 

The Exchange deems the Shares to be 

equity securities,16 and therefore trading 

in the Shares will be subject to the 

Exchange’s existing rules governing the 

trading of equity securities. The 

Exchange represents that the Shares and 

the Index will satisfy, on an initial and 

continued listing basis, all of the generic 

listing standards other than BZX Rule 

14.11(c)(3)(A)(i), and will satisfy all 

other applicable requirements for Index 

Fund Shares under BZX Rule 14.11(c). 

The Index value will be widely 

disseminated by one or more major 

market data vendors at least every 15 

seconds during the Exchange’s Regular 

Trading Hours.17 Further, an Intraday 

Indicative Value for the Shares, updated 

at least every 15 seconds, will be 

disseminated during the Exchange’s 

Regular Trading Hours.18 The portfolio 

of instruments held by the Fund will be 

disclosed daily on the Fund’s website.19

Quotation and last sale information 

for standardized options will be 

available via the Options Price 

Reporting Authority. RFQ information 

for FLEX Options will be available 

directly from the listing exchange. Lastsale information for FLEX Options will 

be available via the Options Price 

Reporting Authority. The intra-day, 

closing and settlement prices of 

exchange-traded options (both 

standardized and FLEX Options) will be 

readily available from the options 

exchanges, automated quotation 

systems, published or other public 

sources, or online information services 

such as Bloomberg or Reuters. Price 

information on Treasury bills and other 

cash equivalents is available from major 

broker-dealer firms or market data 

vendors, as well as from automated 

quotation systems, published or other 

public sources, or online information 

services. 

The Commission also believes that the 

proposal is designed to prevent trading 

when a reasonable degree of 

transparency cannot be assured. The 

Exchange states that trading in the 

Shares may be halted for market 

conditions or for reasons that, in the 

view of the Exchange, make trading 

inadvisable. Similarly, trading in the 

Shares will be halted where there is an 

interruption to the Intraday Indicative 

Value being disseminated at least every 

15 seconds during Regular Trading 

Hours and such interruption persists 

past the trading day in which it 

occurred.20 The Exchange will obtain a 

representation from the issuer of the 

Shares that the NAV per Share will be 

calculated daily and made available to 

all market participants at the same 

time.21 If the Exchange becomes aware 

that the NAV for the Shares is not being 

disseminated to all market participants 

at the same time or the daily public 

website disclosure of portfolio holdings 

does not occur, the Exchange shall halt 

trading in the Shares.22

To support this proposal, the 

Exchange has made the following 

representations: 

(1) The Exchange has appropriate 

rules to facilitate transactions in the 

Shares during all trading sessions.23

(2) The Exchange or FINRA, on behalf 

of the Exchange, will communicate as 

needed regarding trading in the Shares 

and exchange-traded options contracts 

with other markets and other entities 

that are members of the ISG and may 

obtain trading information regarding 

trading in the Shares and exchangetraded options contracts from such 

markets and other entities. The 

Exchange is also able to access, as 

needed, trade information for certain 

fixed income instruments reported to 

FINRA’s Trade Reporting and 

Compliance Engine. The Exchange may 

obtain information regarding trading in 

the Shares and exchange-traded options 

contracts from markets and other 

entities that are members of ISG or with 

which the Exchange has in place a 

comprehensive surveillance sharing 

agreement. In addition, the Exchange 

also has a general policy prohibiting the 

distribution of material, non-public 

information by its employees.24

(3) All of the instruments held by the 

Fund, other than cash equivalents, will 

be U.S. exchange-listed and will trade 

on markets that are a member of the ISG 

or affiliated with a member of ISG or 

with which the Exchange has in place 

a comprehensive surveillance sharing 

agreement.25

(4) For initial and continued listing, 

the Fund must be in compliance with 

Rule 10A–3 under the Exchange Act.26

(5) A minimum of 100,000 Shares will 

be outstanding at the commencement of 

trading on the Exchange.27

(6) The Fund will not be listed on the 

Exchange until the Commission has 

issued an order granting exemptive 

relief to the Trust under the Investment 

Company Act of 1940 applicable to the 

activities of the Fund and any 

conditions contained therein are 

satisfied.28


daltland on DSKBBV9HB2PROD with NOTICES
Federal Register / Vol. 83, No. 10 / Tuesday, January 16, 2018 / Notices 2237 

29 15 U.S.C. 78f(b)(5). 

30 15 U.S.C. 78k–1(a)(1)(C)(iii). 

31 15 U.S.C. 78s(b)(2). 

32 17 CFR 200.30–3(a)(12). 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3 15 U.S.C. 78s(b)(3)(A)(ii). 

4 17 CFR 240.19b–4(f)(2). 

All statements and representations 

made in this filing regarding the index 

composition, the description of the 

portfolio or reference assets, limitations 

on portfolio holdings or reference assets, 

dissemination and availability of index, 

reference asset, and intraday indicative 

values, and the applicability of 

Exchange rules specified in this filing 

shall constitute continued listing 

requirements for the Fund. The issuer 

has represented to the Exchange that it 

will advise the Exchange of any failure 

by the Fund or the Shares to comply 

with the continued listing requirements, 

and, pursuant to its obligations under 

Section 19(g)(1) of the Act, the Exchange 

will surveil for compliance with the 

continued listing requirements. If the 

Fund or the Shares are not in 

compliance with the applicable listing 

requirements, the Exchange will 

commence delisting procedures under 

BZX Rule 14.12. This approval order is 

based on all of the Exchange’s 

representations, including those set 

forth above and in Amendment No. 2. 

For the foregoing reasons, the 

Commission finds that the proposed 

rule change is consistent with Section 

6(b)(5) of the Exchange Act 29 and 

Section 11A(a)(1)(C)(iii) of the Exchange 

Act 30 and the rules and regulations 

thereunder applicable to a national 

securities exchange. 

IV. Conclusion 

It is therefore ordered, pursuant to 

Section 19(b)(2) of the Exchange Act,31

that the proposed rule change (SR– 

BATSBZX–2017–58), as modified by 

Amendment No. 2, be, and hereby is, 

approved. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.32

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–00533 Filed 1–12–18; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–50, OMB Control No. 

3235–0060] 

Proposed Collection; Comment 

Request 

Upon Written Request Copies Available 

From: Securities and Exchange 

Commission, Office of FOIA Services, 

100 F Street NE, Washington, DC 

20549–2736. 

Extension: 

Form 8–K. 

Notice is hereby given that, pursuant 

to the Paperwork Reduction Act of 1995 

(44 U.S.C. 3501 et seq.), the Securities 

and Exchange Commission 

(‘‘Commission’’) is soliciting comments 

on the collection of information 

summarized below. The Commission 

plans to submit this existing collection 

of information to the Office of 

Management and Budget for extension 

and approval. 

Form 8–K (17 CFR 249.308) is filed by 

issuers to satisfy their current reporting 

obligations pursuant to Sections 13 and 

15(d) of the Securities Exchange Act of 

1934 (15 U.S.C. 78m and 78o(d)) in 

connection with the occurrence of 

significant corporate events. The 

purpose of Form 8–K is to provide 

investors with prompt disclosure of 

material information so that investors 

will be able to make investment and 

voting decisions better informed and 

receive information more timely. We 

estimate that Form 8–K takes 5 hours 

per response and is filed by 121,600 

responses annually. We estimate that 

75% of the 5 hours per response (3.75 

hours) is prepared by the issuer for a 

total annual reporting burden of 456,000 

hours (3.75 hours per response x 

121,600 responses). 

Written comments are invited on: (a) 

Whether this collection of information 

is necessary for the proper performance 

of the functions of the agency, including 

whether the information will have 

practical utility; (b) the accuracy of the 

agency’s estimate of the burden imposed 

by the collection of information; (c) 

ways to enhance the quality, utility, and 

clarity of the information collected; and 

(d) ways to minimize the burden of the 

collection of information on 

respondents, including through the use 

of automated collection techniques or 

other forms of information technology. 

Consideration will be given to 

comments and suggestions submitted in 

writing within 60 days of this 

publication. 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless it displays a currently valid 

control number. 

Please direct your written comment to 

Pamela Dyson, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o Remi PavlikSimon, 100 F Street NE, Washington, 

DC 20549 or send an email to: PRA_

Mailbox@sec.gov. 

Dated: January 9, 2018. 

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–00496 Filed 1–12–18; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–82475; File No. SR– 

CboeBZX–2017–018] 

Self-Regulatory Organizations; Cboe 

BZX Exchange, Inc.; Notice of Filing 

and Immediate Effectiveness of a 

Proposed Rule Change Related to Fees 

for the BZX Depth Market Data Product 

January 9, 2018. 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 (the 

‘‘Act’’),1 and Rule 19b–4 thereunder,2

notice is hereby given that on December 

27, 2017, Cboe BZX Exchange, Inc. (the 

‘‘Exchange’’ or ‘‘BZX’’) filed with the 

Securities and Exchange Commission 

(the ‘‘Commission’’) the proposed rule 

change as described in Items I, II, and 

III below, which Items have been 

prepared by the Exchange. The 

Exchange has designated the proposed 

rule change as one establishing or 

changing a member due, fee, or other 

charge imposed by the Exchange under 

Section 19(b)(3)(A)(ii) of the Act 3 and 

Rule 19b–4(f)(2) thereunder,4 which 

renders the proposed rule change 

effective upon filing with the 

Commission. The Commission is 

publishing this notice to solicit 

comments on the proposed rule change 

from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Exchange filed a proposal to 

amend the Market Data section of its fee 

schedule to introduce new fees for NonDisplay Usage of BZX Depth. 

The text of the proposed rule change 

is available at the Exchange’s website at 

www.markets.cboe.com, at the principal 

office of the Exchange, and at the 

Commission’s Public Reference Room. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, the 

Exchange included statements 

concerning the purpose of and basis for 

the proposed rule change and discussed 


daltland on DSKBBV9HB2PROD with NOTICES