Document ID: SEC-2020-2036-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: CboeBZX Exchange, Inc.
Posted Date: 2020-12-21T05:00Z

[Federal Register Volume 85, Number 245 (Monday, December 21, 2020)]
[Notices]
[Page 83136]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-28015]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-90671; File No. SR-CboeBZX-2020-053]

Self-Regulatory Organizations; CboeBZX Exchange, Inc.; Notice of 
Designation of a Longer Period for Commission Action on Proceedings To 
Determine Whether To Approve or Disapprove a Proposed Rule Change, as 
Modified by Amendment No. 1, To List and Trade Shares of the 2x Long 
VIX Futures ETF, a Series of VS Trust, Under Rule 14.11(f)(4) (Trust 
Issued Receipts)

December 15, 2020.
    On June 23, 2020, 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 (``Act'') \1\ 
and Rule 19b-4 thereunder,\2\ a proposed rule change to list and trade 
shares of the 2x Long VIX Futures ETF, a series of VS Trust. On June 
26, 2020, the Exchange filed Amendment No. 1 to the proposed rule 
change. The proposed rule change, as modified by Amendment No. 1, was 
published for comment in the Federal Register on July 10, 2020.\3\ On 
August 13, 2020, 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, as modified by Amendment No. 1.\5\ On October 7, 2020, the 
Commission instituted proceedings pursuant to Section 19(b)(2)(B) of 
the Act \6\ to determine whether to approve or disapprove the proposed 
rule change, as modified by Amendment No. 1.\7\ The Commission has 
received one comment letter on the proposed rule change, as modified by 
Amendment No. 1.\8\
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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. 89234 (July 6, 
2020), 85 FR 41644.
    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 89545, 85 FR 51124 
(August 19, 2020).
    \6\ 15 U.S.C. 78s(b)(2)(B).
    \7\ See Securities Exchange Act Release No. 90118, 85 FR 64563 
(October 13, 2020).
    \8\ The comment letter on the proposed rule change can be found 
at: https://www.sec.gov/comments/SR-cboebzx-2020-053/srcboebzx2020053.htm.
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    Section 19(b)(2) of the Act \9\ provides that, after initiating 
disapproval proceedings, the Commission shall issue an order approving 
or disapproving the proposed rule change not later than 180 days after 
the date of publication of notice of filing of the proposed rule 
change. The Commission may extend the period for issuing an order 
approving or disapproving the proposed rule change, however, by not 
more than 60 days if the Commission determines that a longer period is 
appropriate and publishes the reasons for such determination. The 
proposed rule change, as modified by Amendment No. 1, was published for 
notice and comment in the Federal Register on July 10, 2020. January 6, 
2021 is 180 days from that date, and March 7, 2021 is 240 days from 
that date.
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    \9\ 15 U.S.C. 78s(b)(2).
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    The Commission finds it appropriate to designate a longer period 
within which to issue an order approving or disapproving the proposed 
rule change so that it has sufficient time to consider the proposed 
rule change, as modified by Amendment No. 1. Accordingly, the 
Commission, pursuant to Section 19(b)(2) of the Act,\10\ designates 
March 7, 2021 as the date by which the Commission shall either approve 
or disapprove the proposed rule change (File No. SR-CboeBZX-2020-053), 
as modified by Amendment No. 1.
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    \10\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\11\
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    \11\ 17 CFR 200.30-3(a)(57).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-28015 Filed 12-18-20; 8:45 am]
BILLING CODE 8011-01-P