Document ID: SEC-2018-0892-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Cboe BZX Exchange, Inc.
Posted Date: 2018-06-12T04:00Z

[Federal Register Volume 83, Number 113 (Tuesday, June 12, 2018)]
[Notices]
[Pages 27355-27356]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-12555]

=======================================================================
-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-83390; File No. SR-CboeBZX-2017-005]

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 Thereto, To List and Trade Shares of Each 
Series of the Cboe Vest S&P 500 Buffer Protect Strategy ETF Under the 
ETF Series Solutions Trust Under Rule 14.11(c)(3), Index Fund Shares

June 6, 2018.
    On November 21, 2017, 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 list and trade shares of each series of the 
Cboe Vest S&P 500[reg] Buffer Protect Strategy ETF under Exchange Rule 
14.11(c)(3), Index Fund Shares. The proposed rule change was published 
for comment in the Federal Register on December 11, 2017.\3\ On January 
22, 2018, the Commission extended the time 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.\4\ On March 9, 2018, the Commission initiated 
proceedings to determine whether to disapprove the proposed rule 
change.\5\ On April 13, 2018, the Exchange filed Amendment No. 1 to the 
proposed rule change, which amended and superseded the proposed rule 
change as originally

[[Page 27356]]

filed.\6\ The Commission has received no comments on the proposed rule 
change.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 82217 (December 5, 
2017), 82 FR 58243.
    \4\ See Securities Exchange Act Release No. 82558, 83 FR 3820 
(January 26, 2018). The Commission designated March 11, 2018 as the 
date by which the Commission shall approve, disapprove, or institute 
proceedings to determine whether to approve or disapprove, the 
proposed rule change.
    \5\ See Securities Exchange Act Release No. 82842, 83 FR 11273 
(March 14, 2018).
    \6\ Amendment No. 1, which amended and replaced the proposed 
rule change in its entirety, is available at: https://www.sec.gov/comments/sr-cboebzx-2017-005/cboebzx2017005-3458514-162203.pdf.
---------------------------------------------------------------------------

    Section 19(b)(2) of the Act \7\ 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 the 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 December 11, 2017. June 9, 2018 is 180 days from 
that date, and August 8, 2018 is 240 days from that date.
---------------------------------------------------------------------------

    \7\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------

    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, pursuant to 
Section 19(b)(2) of the Act,\8\ the Commission designates August 8, 
2018 as the date by which the Commission shall either approve or 
disapprove the proposed rule change (File No. SR-CboeBZX-2017-005), as 
modified by Amendment No. 1.
---------------------------------------------------------------------------

    \8\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\9\
---------------------------------------------------------------------------

    \9\ 17 CFR 200.30-3(a)(57).
---------------------------------------------------------------------------

Brent J. Fields,
Secretary.
[FR Doc. 2018-12555 Filed 6-11-18; 8:45 am]
 BILLING CODE 8011-01-P