Federal Register / Vol. 82, No. 204 / Tuesday, October 24, 2017 / Notices 49249 

1 15 U.S.C. 78k–1(a)(3). 

2 17 CFR 242.608. 

3On July 6, 2001, the Commission approved the 

OLPP, which was proposed by the American Stock 

Exchange LLC, Chicago Board Options Exchange, 

Incorporated, International Securities Exchange 

LLC, the OCC, Philadelphia Stock Exchange, Inc., 

and Pacific Exchange, Inc. See Securities Exchange 

Act Release No. 44521, 66 FR 36809 (July 13, 2001). 

See also Securities Exchange Act Release Nos. 

49199 (February 5, 2004), 69 FR 7030 (February 12, 

2004) (adding Boston Stock Exchange, Inc. as a Plan 

Sponsor); 57546 (March 21, 2008), 73 FR 16393 

(March 27, 2008) (adding Nasdaq Stock Market, LLC 

as a Plan Sponsor); 61528 (February 17, 2010), 75 

FR 8415 (February 24, 2010) (adding BATS 

Exchange, Inc. as a Plan Sponsor); 63162 (October 

22, 2010), 75 FR 66401 (October 28, 2010) (adding 

C2 Options Exchange Incorporated as a Plan 

Sponsor); 66952 (May 9, 2012), 77 FR 28641 (May 

15, 2012) (adding BOX Options Exchange LLC as a 

Plan Sponsor); 67327 (June 29, 2012), 77 FR 40125 

(July 6, 2012) (adding Nasdaq OMX BX, Inc. as a 

Plan Sponsor); 70765 (October 28, 2013), 78 FR 

65739 (November 1, 2013) (adding Topaz Exchange, 

LLC as a Plan Sponsor); 70764 (October 28, 2013), 

78 FR 65733 (November 1, 2013) (adding Miami 

International Securities Exchange, LLC as a Plan 

Sponsor); 76822 (January 1, 2016), 81 FR 1251 

(January 11, 2016) (adding EDGX Exchange, Inc. as 

a Plan Sponsor); 77323 (March 8, 2016), 81 FR 

13433 (March 14, 2016) (adding ISE Mercury, LLC 

as a Plan Sponsor); 82 FR 9263 (February 3, 2017) 

(adding MIAX PEARL, LLC as a Plan Sponsor). 

4See Letter from the Plan Sponsors to Brent J. 

Fields, Secretary, Commission, dated August 15, 

2017 (‘‘Transmittal Letter’’). 5 17 CFR 242.600(b)(64). 

www.prc.gov, Docket Nos. MC2018–13, 

CP2018–26. 

Elizabeth A. Reed, 

Attorney, Corporate and Postal Business Law. 

[FR Doc. 2017–22982 Filed 10–23–17; 8:45 am] 

BILLING CODE 7710–12–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–81893; File No. 4–443] 

Joint Industry Plan; Notice of Filing of 

the Fourth Amendment to the Plan for 

the Purpose of Developing and 

Implementing Procedures Designed To 

Facilitate the Listing and Trading of 

Standardized Options 

October 18, 2017. 

On August 16, 2017, Chicago Board 

Options Exchange, Incorporated, on 

behalf of the BATS Exchange, Inc.; Box 

Options Exchange, LLC; C2 Options 

Exchange, Incorporated; EDGX 

Exchange, Inc.; Miami International 

Securities Exchange, LLC; MIAX 

PEARL, LLC; Nasdaq BX, Inc.; Nasdaq 

GEMX, LLC; Nasdaq ISE, LLC; Nasdaq 

MRX, LLC; Nasdaq Options Market, 

LLC; Nasdaq PHLX, LLC; NYSE 

American, LLC; NYSE Arca, Inc.; and 

the Options Clearing Corporation 

(‘‘OCC’’) (together, the ‘‘Plan 

Sponsors’’), filed with the Securities 

and Exchange Commission 

(‘‘Commission’’ or ‘‘SEC’’) pursuant to 

section 11A(a)(3) of the Securities 

Exchange Act of 1934 (‘‘Act’’) 1 and Rule 

608 thereunder,2 a proposal to amend 

the Plan for the Purpose of Developing 

and Implementing Procedures Designed 

to Facilitate the Listing and Trading of 

Standardized Options (‘‘OLPP’’ or 

‘‘Plan’’).3 The amendment would: (1) 

Change, to a single date from three 

separate dates, the earliest date on 

which new January Long-term Equity 

AnticiPation series on equity options, 

options on Exchange Traded Funds, or 

options on Trust Issued Receipts may be 

added; (2) allow equity, Exchange 

Traded Fund, and Trust Issued Receipt 

option series to be added based on 

trading following regular trading hours; 

(3) make certain administrative and 

procedural changes to the processes 

relating to options class certifications 

and by which notice is given under the 

terms of the OLPP; and (4) correct a 

technical cross-referencing error in 

section 7 of the Plan.4 The Commission 

is publishing this notice to solicit 

comments on the amendment from 

interested persons. 

I. Description and Purpose of the 

Amendment 

The OLPP Participant Exchanges 

(‘‘Participants’’) and the OCC 

(collectively the ‘‘Plan Participants’’ or 

‘‘Plan Sponsors’’), have agreed to amend 

the OLPP (the ‘‘Amendment’’). The 

purpose of the Amendment is to: (i) 

Change the earliest date of introduction 

of new January Long-term Equity 

AnticiPation (‘‘LEAP’’) series on equity 

options, options on Exchange Traded 

Funds (‘‘ETF’’), or options on Trust 

Issued Receipts (‘‘TIR’’) to a single date 

(from three separate months); (ii) allow 

equity, ETF, and TIR option series to be 

added based on trading following 

regular trading hours; (iii) make other 

administrative changes within the OLPP 

related to the options class certification 

process and the process by which notice 

is given under the terms of the OLPP 

and (iv) fix a technical error in the 

section related to new plan sponsors. 

January LEAPs Series 

The Plan Participants propose to 

change the earliest possible date on 

which new January LEAPs series on 

equity, ETF, and TIR options classes 

may be added. 

Section 3(e) of the OLPP currently 

states, in part, ‘‘With regard to the 

listing of new January [LEAPs] . . . the 

Series Selecting Exchange and any other 

exchange that lists and trades the same 

option class shall not add new LEAP 

series on that option class: (i) Earlier 

than September (which is 28 months 

before the expiration), for an option 

class on the January expiration cycle; 

(ii) Earlier than October (which is 27 

months before expiration), for an option 

class on the February expiration cycle; 

and (iii) Earlier than November (which 

is 26 months before expiration), for an 

option class on the March expiration 

cycle.’’ 

The Plan Participants propose to 

remove any reference to an option class’ 

expiration cycle as it relates to when 

new January LEAPs series may be added 

and replace it with a single date, the 

Monday prior to the September 

expiration. The new language of section 

3(e) will state, ‘‘With regard to the 

listing of new January [LEAPs] . . . the 

Series Selecting Exchange and any other 

exchange that lists and trades the same 

option class shall not add new LEAP 

series on that option class earlier than 

the Monday prior to the September 

expiration (which is 28 months before 

the expiration).’’ 

In the past there were operational 

concerns related to adding new January 

LEAPs series for all options classes on 

which LEAPs were listed on a single 

trading day. The addition of new series 

in a pre-electronic trading environment 

was a manual process. Accordingly, the 

addition of new January LEAPs series 

was spread across three months 

(September, October, and November). 

Today, these operational concerns 

related to January LEAPs have been 

alleviated as new series can be added in 

bulk electronically. The Plan 

Participants believe that moving the 

addition of new January LEAPs series to 

no earlier than the Monday prior to the 

September expiration will reduce 

marketplace confusion about available 

January LEAPs series. Where previously 

January LEAPs series for options classes 

on the February or March expiration 

cycles would not have been available as 

early as January LEAPs series for 

options classes on the January 

expiration cycle, under the proposed 

change, all January LEAPs series will be 

available concurrently. 

Option Series To Be Added Based on 

Trading Following Regular Trading 

Hours 

The Plan Participants propose to 

allow equity, ETF, and TIR options 

series to be added based on trading 

following regular trading hours. Regular 

trading hours is defined in Rule 

600(b)(64) of Regulation NMS 5 as 

between 9:30 a.m. and 4:00 p.m. Eastern 

Time, unless otherwise specified 

pursuant to the procedures established 


asabaliauskas on DSKBBXCHB2PROD with NOTICES
49250 Federal Register / Vol. 82, No. 204 / Tuesday, October 24, 2017 / Notices 

6 17 CFR 242.605(a)(2). 

7The last sentence of current section 1(b)(i), 

which states, ‘‘The option symbol, initial exercise 

prices, the expiration cycle and position and 

exercise limits* for the selected option class shall 

be as provided in the Certificate that OCC 

determined to be the first submitted;’’ will be 

modified to eliminate ‘‘option symbol’’ from this 

provision. With the implementation of the Options 

Symbology Initiative in 2010, options generally 

have the same symbol as the underlying security. 

As a result, Participants no longer submit 

conflicting option symbols for new certifications, as 

was the case prior to 2010. The language ‘‘option 

symbol’’ is removed only from the last sentence 

which addresses the submission of conflicting 

option symbols by different Participants. The 

requirements to provide an option symbol 

elsewhere in section 1(b) and new section 1(c) will 

remain and are necessary as such information is 

needed to identify an option for trading. 

in Rule 605(a)(2).6 Section 3(g) of the 

OLPP relates to the listing of new series. 

Section 3(g)(i) currently states, in part, 

‘‘. . . if the price of the underlying 

security is less than or equal to $20, the 

Series Selecting Exchange shall not list 

new option series with an exercise price 

more than 100% above or below the 

price of the underlying security. 

However, the foregoing restriction shall 

not prohibit the listing of at least three 

exercise prices per expiration month in 

an option class. If the price of the 

underlying security is greater than $20, 

the Series Selecting Exchange shall not 

list new option series with an exercise 

price more than 50% above or below the 

price of the underlying security. The 

price of the underlying security is 

measured by: (1) For intra-day add-on 

series and next-day series additions, the 

daily high and low of all prices reported 

by all national securities exchanges; (2) 

for new expiration months, the daily 

high and low of all prices reported by 

all national securities exchanges on the 

day the Series Selecting Exchange 

determines its preliminary notification 

of new series; and (3) for option series 

to be added as a result of pre-market 

trading, the most recent share price 

reported by all national securities 

exchanges between 7:45 a.m. and 8:30 

a.m. (Chicago time).’’ 

The OLPP does not currently allow 

for option series to be added based on 

trading following regular trading hours. 

Accordingly, the Plan Participants are 

unable to add new option series that 

may result from trading following 

regular trading hours until the morning 

after the trading following regular 

trading hours occurs. Events that occur 

after regular trading hours, such as 

earnings releases, often have a 

significant impact on the price of an 

underlying security. The inability to add 

series as a result of trading following 

regular trading hours is a burden on 

public customers and the members or 

participants of the Plan Participants as 

they do not know what options series 

will be available until markets open the 

following day. 

The Plan Participants propose to add 

a 4th category by which the price of an 

underlying security may be measured. 

The proposed language states, ‘‘for 

option series to be added based on 

trading following regular trading hours, 

the most recent share price reported by 

all national securities exchanges 

between 3:15 p.m. and 5:00 p.m. 

(Chicago Time).’’ 

The proposed addition will allow for 

the listing of options series to be more 

contemporaneous with market events in 

that it will now allow listing based on 

trading following regular trading hours, 

in addition to pre-market and intra-day 

trading. Currently, options series may 

not be added based on trading following 

regular trading hours and need to wait 

until pre-market trading, beginning at 

7:45 a.m. (Chicago Time) the following 

day to be added. Under the proposed 

rule, option series to be added based on 

trading following regular trading hours 

may be added as early as 3:15 p.m. 

(Chicago Time) the day the trading 

following regular trading hours occurs. 

The proposed rule will not affect when 

new series additions will be available 

for trading. Option series added based 

on trading following regular trading 

hours will be available for trading on 

the open of the regular trading session 

(i.e. 8:30 a.m. Chicago Time) on the 

options markets the following day 

(along with any series added as the 

result of pre-market trading activity). 

Allowing option series to be added 

based on trading following regular 

trading hours will provide investors 

with additional notice regarding the 

option series that will be available for 

trading the following day. Earlier notice 

regarding what options series will be 

available for trading the following day 

will allow investors to plan their option 

trading activity earlier and accordingly 

help perfect the mechanism of a free 

and open market and a national markets 

system, and, in general, protect 

investors and the public interest. 

Administrative Changes to Class 

Certification and Notice Processes 

Finally, the Plan Participants propose 

to make other administrative changes 

related to the notification process 

whereby OCC confirms certifications 

received each day and the means of 

submission for listing certifications to 

OCC. 

Currently, section 1 of the OLPP, 

which describes the certification 

process, requires OCC to provide daily 

to each Participant a customized email 

confirming the option classes newly 

certified for trading, if any, by that 

Participant. Similarly, OCC must notify 

each Participant daily of all options a 

Participant previously certified for 

trading that were subsequently certified 

by another Participant on that day. 

Although OCC is required to email the 

Participants such notifications, a list of 

all certifications received and processed 

each day is made available to the public 

on the OCC Web site. Since the daily list 

of options certifications is made 

publicly available under the current 

practice, the Plan Participants propose 

to streamline the process by replacing 

the existing requirement for customized 

email notifications with a requirement 

for a daily general notification from 

OCC to all Participants to inform them 

that the daily list of certifications is 

viewable on the OCC Web site. To 

codify such changes and consolidate 

repetitive language regarding the 

certificate submission and notification 

process contained in section 1 of the 

OLPP, the Plan Participants propose to 

modify section 1 as follows. 

Specifically, the current sections 

1(b)(ii) and 1(c) are to be replaced by a 

new section 1(c), and the content of 

current section 1(b)(i) is maintained in 

its entirety, with the exception of the 

removal of ‘‘option symbol’’ in the last 

sentence,7 as new section b. The current 

sections 1(b)(ii) and 1(c) contain 

identical time frame requirements for 

OCC to provide notification to 

exchanges daily for new listing 

certifications and listing certifications 

for which one exchange is certifying an 

option that is already traded by another 

exchange (‘‘adds to existing 

certifications’’). In lieu of describing the 

1:00 p.m. notification time line twice as 

stated in current sections 1(b)(ii) and 

1(c), the proposed new section 1(c) 

provides the same time frame 

requirement (1:00 p.m. Chicago time) in 

one consolidated location in the OLPP 

that is applicable to both new listing 

certifications and adds to existing 

certifications. 

As an associated change to the 

consolidation of the notification timing 

requirements to Participants, the 

language describing the customized 

email notifications sent by OCC has 

been excluded from new section (c) 

because, as discussed above, customized 

emails will no longer be required. In 

addition, certain details required in the 

current customized email notifications 

will not specifically be provided on the 

OCC Web site in the area designated for 

daily listing certifications as such 

information will instead be available on 

other portions of the OCC Web site or 

will be viewable to Participants through 


asabaliauskas on DSKBBXCHB2PROD with NOTICES
Federal Register / Vol. 82, No. 204 / Tuesday, October 24, 2017 / Notices 49251 

8 Daily listing certifications can be viewed on the 

OCC Web site at https://www.theocc.com/marketdata/series/new-listings/. 

9Exercise prices can be found on the OCC Web 

site at https://www.theocc.com/webapps/seriesadded-today and https://www.theocc.com/ 

webapps/series-search. Position and exercise limits 

can be found at https://www.theocc.com/webapps/ 

position-limits. Such information will be available 

to the public on these Web sites for a selected 

option class on the day the option class commences 

trading, as is the case currently. 

10Functionality currently available through a 

portion of OCC’s clearing system allows option 

exchanges to view option attributes, including 

series and expiration cycle for options. Plan 

Participants currently obtain expiration cycle 

information from the customized email 

notifications or by accessing such information in 

OCC’s system. The posting of daily listing 

certifications on the OCC Web site does not 

presently include expiration cycles and will not 

under the new process. Such information will be 

accessed by Participants if needed through OCC’s 

system as they can do currently. Expiration cycle 

can also be inferred from the public Web site 

through examination of series data. 

11 Daily listing certifications are located at https:// 

www.theocc.com/market-data/series/new-listings/. 

OCC’s system. Proposed section 1(c) 

requires the portion of the OCC Web site 

designated for daily listing certifications 

to provide the name of the underlying 

security, the option symbol and 

Selecting Exchange(s) for selected 

options on that day.8 Other option 

attributes, in particular the initial 

exercise prices and position and 

exercise limits for a selected option 

class currently included in the daily 

customized email notifications sent by 

OCC, will instead be available on other 

areas of the OCC Web site where such 

information is currently found today.9

The expiration cycle, which is also 

currently included in the customized 

email notifications but is not located on 

the OCC Web site designated for daily 

listing certifications, is also currently 

viewable to Participants through OCC’s 

system.10

Similar to the deletion of repetitive 

language discussed above, the Plan 

Participants propose new section 1(d) to 

consolidate nearly duplicative language 

contained in current sections 1(b)(ii) 

and 1(c) regarding when an option may 

begin trading. The new section 1(d) 

states that trading for an option symbol 

submitted to OCC for certification on a 

given day may begin on the first trading 

day after submission. This provision 

applies to both new listing certifications 

and adds to existing certifications, 

thereby eliminating repetitive language 

in current sections 1(b)(ii) and 1(c). 

Likewise, Plan Participants are 

proposing the addition of new section 

1(e) to consolidate and amend nearly 

duplicative language contained in 

current sections 1(b)(ii) and 1(c) 

regarding the withdrawal of a 

certification. As is the case currently, 

new section 1(e) specifies that a 

Participant may withdraw a certification 

by notifying OCC prior to the time when 

OCC sends the daily email notification 

to Participants. If an exchange notifies 

OCC of a withdrawal after the daily 

notification has been sent, OCC will 

send an updated notification to all 

Participants to inform them of the 

change to that day’s certifications. The 

communication for an updated 

notification to all Participants is a 

change from the existing process under 

the OLPP whereby currently only 

exchanges that have also certified the 

withdrawn option will be notified. This 

change reflects the intended departure 

from customized email notifications. 

Such customized emails are no longer 

needed since the information is publicly 

available on the OCC Web site.11

The Plan Participants also propose to 

streamline the means of certification 

submission as contained in section 5 of 

the OLPP. Currently, section 5 provides 

that all class certificates must be 

submitted to OCC through telefacsimile. 

To modernize the process, Plan 

Participants are proposing to amend this 

language to state that class certificates 

and any associated information and/or 

documentation must be submitted via 

‘‘such electronic means reasonably 

agreed upon among the Plan Sponsors.’’ 

Participants will agree annually as to 

the means for such communications. 

Each Participant will document in 

writing agreement to such means and 

submit such documentation to OCC. It 

is anticipated that Plan Participants will 

use functionality provided by OCC’s 

system as the electronic means for 

submission of listing certifications and 

any documents associated with such 

certifications. 

In addition, the Plan Participants are 

proposing to amend section 5 to 

describe when a notice is deemed to 

have been given by electronic means. 

The new language in section 5 states 

‘‘All other notices required under the 

terms of this Plan shall be deemed to 

have been duly given if communicated 

through electronic mail or other 

electronic means reasonably agreed 

upon among the Plan Sponsors. Notices 

by New Plan Sponsors (as defined in 

section 7 below) to then-existing Plan 

Sponsors of the execution of the Plan 

shall be deemed to be duly given if 

communicated by electronic mail or 

other electronic means reasonably 

agreed upon among the Plan Sponsors 

to each Plan Sponsor.’’ It is anticipated 

that notices by New Plan Sponsors and 

all such ‘‘other notices’’, which shall 

include notifications made pursuant to 

section 2 of the OLPP, will generally be 

made using electronic mail. Participants 

will agree annually to the means for 

such communications in the same 

manner as described above for listing 

certification submissions. 

The above changes are intended to 

modernize section 1 of the OLPP by 

simplifying and consolidating language 

that allows for more efficient processes 

for certifications as well as for 

communication. The Plan Participants 

recognize that certain requirements of 

the OLPP are currently not adaptable to 

technology advancements. For example 

and as discussed above, the Plan 

Participants have been bound to 

continue to use telefacsimile for 

certification submissions because of the 

definitive language in the OLPP. 

Additionally, resources are currently 

allocated to create customized 

communications to the Participants as 

required under the OLPP whereas all 

such information is available publicly 

on the OCC Web site. The Plan 

Participants believe the proposed 

amendments collectively will enhance 

the certification and notification 

processes and will also allow the 

requirements of the OLPP to be more 

adaptable to any future technology 

improvements that may make these 

processes more agile and efficient. 

Technical Error in Section Related to 

New Plan Sponsors 

Section 7(ii) of the OLPP currently 

states, ‘‘To become a Plan Sponsor, an 

amendment to the Plan may be effected 

by a new Eligible Exchange executing a 

copy of the Plan, as then in effect (with 

the only change being the addition of 

the new Plan Sponsor’s name in section 

8 below) and submitting such executed 

Plan to the SEC. Such amendment will 

be effective when it has been approved 

by the SEC or otherwise becomes 

effective pursuant to section 11A of the 

Exchange Act and Rule 11Aa3–2.’’ The 

reference to the names of new Plan 

Sponsors being added to section 8 of the 

OLPP is incorrect. The names of Plan 

Sponsors are contained in section 9 of 

the OLPP. The Plan Participants 

propose to correct this technical error by 

replacing the reference to ‘‘section 8’’ 

with ‘‘section 9.’’ 

Governing or Constituent Documents 

Not applicable. 

Implementation of Amendment 

The OLPP, as amended, will become 

effective upon Commission approval. 

The Plan Participants will implement 

the OLPP, as amended, pursuant to the 

terms of the Amendment upon 

Commission approval. 


asabaliauskas on DSKBBXCHB2PROD with NOTICES
49252 Federal Register / Vol. 82, No. 204 / Tuesday, October 24, 2017 / Notices 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 81495 

(August 29, 2017), 82 FR 42003. 

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

5 15 U.S.C. 78s(b)(2). 

Development and Implementation 

Phases 

Not applicable. 

Analysis of Impact on Competition 

The proposed OLPP, as amended, 

does not impose any burden on 

competition that is not necessary or 

appropriate in furtherance of the 

purposes of the Exchange Act. The Plan 

Participants do not believe that the 

proposed OLPP, as amended, introduces 

terms that are unreasonably 

discriminatory for the purposes of 

section 11A(c)(1)(D) of the Exchange 

Act. 

Written Understanding or Agreements 

Relating to Interpretation of, or 

Participation in, Plan 

The Participants have no written 

understandings or agreements relating 

to an interpretation of the Amendment. 

Section 7 of the OLPP sets forth how 

any entity registered as a national 

securities exchange or national 

securities association may become a 

Plan Sponsor. 

Approval of Amendment of the Plan 

The Amendment has been approved 

by the Plan Sponsors in accordance 

with the terms of the plan. Each of the 

Plan Participants have executed a 

signed copy of the Amendment. 

Terms and Conditions of Access 

Section 7 of the OLPP provides that 

any Eligible Exchange, as defined 

therein, may become a Plan Sponsor by 

(a) executing a copy of the Plan; (b) 

providing each then-current Plan 

Sponsor with a copy of such executed 

Plan; and (c) effecting an amendment to 

the Plan as specified therein. 

Method of Determination and 

Imposition, and Amount of, Fees and 

Charges 

Not applicable. 

Method and Frequency of Processor 

Evaluation 

Not applicable. 

Dispute Resolution 

Not applicable. 

II. Implementation of Amendment 

The OLPP, as amended, will become 

effective upon Commission approval. 

The Plan Participants will implement 

the OLPP, as amended, pursuant to the 

terms of the Amendment upon 

Commission approval. 

III. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed OLPP 

Amendment is consistent with the Act. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s Internet 

comment form (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include File Number 4– 

443 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE., 

Washington, DC 20549–1090. 

All submissions should refer to File 

Number 4–443. This file number should 

be included on the subject line if email 

is used. To help the Commission 

process and review your comments 

more efficiently, please use only one 

method. The Commission will post all 

comments on the Commission’s Internet 

Web site (http://www.sec.gov/rules/ 

sro.shtml). Copies of the submission, all 

subsequent amendments, all written 

statements with respect to the plan that 

are filed with the Commission, and all 

written communications relating to the 

plan between the Commission and any 

person, other than those that may be 

withheld from the public in accordance 

with the provisions of 5 U.S.C. 552, will 

be available for Web site viewing and 

printing in the Commission’s Public 

Reference Room, 100 F Street NE., 

Washington, DC 20549 on official 

business days between the hours of 

10:00 a.m. and 3:00 p.m. Copies of such 

filing also will be available for 

inspection and copying at the Plan 

Sponsors’ principal offices. All 

comments received will be posted 

without change. Persons submitting 

comments are cautioned that we do not 

redact or edit personal identifying 

information from comment submissions. 

You should submit only information 

that you wish to make available 

publicly. All submissions should refer 

to File Number 4–443, and should be 

submitted on or before November 14, 

2017. 

By the Commission. 

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–22972 Filed 10–23–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–81895; File No. SR– 

BatsBZX–2017–56] 

Self-Regulatory Organizations; Bats 

BZX Exchange, Inc.; Notice of 

Designation of a Longer Period for 

Commission Action on a Proposed 

Rule Change To List and Trade Shares 

of Specified Series of the Innovator 

Shield Strategy S&P 500 Monthly Index 

Series and Innovator Ultra Shield 

Strategy S&P 500 Monthly Index Series 

Under Rule 14.11(c)(3) 

October 18, 2017. 

On August 22, 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’’) 1 and Rule 

19b–4 thereunder,2 a proposed rule 

change to list and trade shares of 

specified series of the Innovator Shield 

Strategy S&P 500 Monthly Index Series 

and Innovator Ultra Shield Strategy S&P 

500 Monthly Index Series under BZX 

Rule 14.11(c)(3). The proposed rule 

change was published for comment in 

the Federal Register on September 5, 

2017.3 The Commission received no 

comments on the proposed rule change. 

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 for this filing 

is October 20, 2017. 

The Commission is extending the 45- 

day time period for Commission action 

on the proposed rule change. 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 Exchange’s proposal, as 

described above. Accordingly, pursuant 

to Section 19(b)(2) of the Act,5 the 

Commission designates December 4, 

2017, as the date by which the 


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