Document ID: SEC-2019-0023-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Cboe BZX Exchange, Inc.
Posted Date: 2018-12-31T05:00Z

[Federal Register Volume 83, Number 249 (Monday, December 31, 2018)]
[Notices]
[Page 67785]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-28379]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-84948; File No. SR-CboeBZX-2018-044]

Self-Regulatory Organizations; Cboe BZX 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 Amend BZX Rule 14.11(c) (Index Fund 
Shares)

December 21, 2018.
    On June 21, 2018, Cboe 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 
amend BZX Rule 14.11(c) to permit either the portfolio holdings of a 
series of Index Fund Shares or the index underlying a series of Index 
Fund Shares to satisfy the listing standards under BZX Rules 
14.11(c)(3), (4), and (5). The proposed rule change was published for 
comment in the Federal Register on July 11, 2018.\3\ On August 23, 
2018, 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 approve or disapprove the proposed rule 
change.\5\ On September 28, 2018, the Exchange filed Amendment No. 1 to 
the proposed rule change, which amended and replaced the proposed rule 
change as originally filed. On October 5, 2018, the Commission 
published notice of Amendment No. 1 and 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.\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. 83594 (July 5, 
2018), 83 FR 32158.
    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 83919, 83 FR 44083 
(August 29, 2018).
    \6\ 15 U.S.C. 78s(b)(2)(B).
    \7\ See Securities Exchange Act Release No. 84378, 83 FR 51745 
(October 12, 2018).
    \8\ See letter from Kyle Murray, Assistant General Counsel, Cboe 
Global Markets, Inc. to Brent J. Fields, Secretary, Commission, 
dated November 16, 2018.
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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 was published for notice and comment in the 
Federal Register on July 11, 2018. January 7, 2019 is 180 days from 
that date, and March 8, 2019 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 8, 2019 as the date by which the Commission shall either approve 
or disapprove the proposed rule change, as modified by Amendment No. 1 
(File No. SR-CboeBZX-2018-044).
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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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Brent J. Fields,
Secretary.
[FR Doc. 2018-28379 Filed 12-28-18; 8:45 am]
 BILLING CODE 8011-01-P