Document ID: SEC-2018-0100-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Bats BZX Exchange, Inc.
Posted Date: 2018-01-17T05:00Z

[Federal Register Volume 83, Number 11 (Wednesday, January 17, 2018)]
[Notices]
[Page 2480]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-00645]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-82482; File No. SR-BatsBZX-2017-30]

Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Notice of 
Withdrawal of a Proposed Rule Change To Permit the Listing and Trading 
of Managed Portfolio Shares and To List and Trade Shares of the 
Following Under Proposed Rule 14.11(k): ClearBridge Appreciation ETF, 
ClearBridge Large Cap ETF, ClearBridge MidCap Growth ETF, ClearBridge 
Select ETF, and ClearBridge All Cap Value ETF

January 10, 2018.
    On June 1, 2017, Bats 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: (1) Adopt Rule 
14.11(k) (Managed Portfolio Shares); and (2) list and trade shares of 
the ClearBridge Appreciation ETF, ClearBridge Large Cap ETF, 
ClearBridge MidCap Growth ETF, ClearBridge Select ETF, and ClearBridge 
All Cap Value ETF under proposed Rule 14.11(k). The proposed rule 
change was published for comment in the Federal Register on June 19, 
2017.\3\ On July 28, 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\ The Commission received four comment letters on the proposed 
rule change.\6\ On September 13, 2017, the Commission instituted 
proceedings under Section 19(b)(2)(B) of the Act \7\ to determine 
whether to approve or disapprove the proposed rule change.\8\ The 
Commission subsequently received one comment letter on the proposed 
rule change.\9\ On December 12, 2017, the Commission designated a 
longer period for action on the proposed rule change.\10\
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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. 80911 (June 13, 
2017), 82 FR 27925.
    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 81247, 82 FR 36031 
(August 2, 2017). The Commission designated September 17, 2017 as 
the date by which the Commission shall approve or disapprove, or 
institute proceedings to determine whether to disapprove, the 
proposed rule change.
    \6\ See Letter from Gary L. Gastineau, President, ETF 
Consultants.com, Inc., to Brent J. Fields, Secretary, Commission, 
dated July 7, 2017; Letter from Todd J. Broms, Chief Executive 
Officer, Broms & Company LLC, to Brent J. Fields, Secretary, 
Commission, dated July 10, 2017; Letter from James J. Angel, 
Associate Professor of Finance, Georgetown University, McDonough 
School of Business, to the Commission, dated July 10, 2017; and 
Letter from Terence W. Norman, Founder, Blue Tractor Group, LLC, to 
Brent J. Fields, Secretary, Commission, dated August 1, 2017. The 
comment letters are available on the Commission's website at: 
https://www.sec.gov/comments/sr-batsbzx-2017-30/batsbzx201730.htm.
    \7\ 15 U.S.C. 78s(b)(2)(B).
    \8\ See Securities Exchange Act Release No. 81599, 82 FR 43621 
(September 18, 2017).
    \9\ See Letter from Terence W. Norman, Founder, Blue Tractor 
Group, LLC, to Brent J. Fields, Secretary, Commission, dated 
December 5, 2017. The comment letter is available on the 
Commission's website at: https://www.sec.gov/comments/sr-batsbzx-2017-30/batsbzx201730.htm.
    \10\ See Securities Exchange Act Release No. 82301, 82 FR 60073 
(December 18, 2017). The Commission designated February 14, 2018 as 
the date by which the Commission must either approve or disapprove 
the proposed rule change.
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    On January 10, 2018, the Exchange withdrew the proposed rule change 
(SR-BatsBZX-2017-30).
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    \11\ 17 CFR 200.30-3(a)(12).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\11\
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-00645 Filed 1-16-18; 8:45 am]
BILLING CODE 8011-01-P