Document ID: SEC-2015-1908-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: BATS Exchange, Inc.
Posted Date: 2015-11-16T05:00Z

[Federal Register Volume 80, Number 220 (Monday, November 16, 2015)]
[Notices]
[Page 70851]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-28862]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-76393; File No. SR-BATS-2015-57]

Self-Regulatory Organizations; BATS Exchange, Inc.; Notice of 
Withdrawal of a Proposed Rule Change, as Modified by Amendment No. 1 
Thereto, To Adopt New Rule 8.17 To Provide a Process for an Expedited 
Suspension Proceeding and Rule 12.15 To Prohibit Layering and Spoofing 
on BATS Exchange, Inc.

November 9, 2015.
    On July 30, 2015, BATS Exchange, Inc. (the ``Exchange'' or 
``BATS'') filed with the Securities and Exchange Commission 
(``Commission''), pursuant to Section 19(b)(1) of the Securities 
Exchange Act of 1934 \1\ and Rule 19b-4 thereunder,\2\ a proposed rule 
change to adopt an expedited proceeding for issuing suspension orders, 
and if necessary, imposing other sanctions, to prohibit Exchange 
Members, or their clients, from engaging in trading activities that 
constitute continued layering or spoofing on the Exchange. On August 
11, 2015, the Exchange filed Amendment No. 1 to the proposal.\3\ The 
proposed rule change, as modified by Amendment No. 1, was published for 
comment in the Federal Register on August 19, 2015.\4\ On September 23, 
2015, 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 disapprove the proposed 
rule change to November 17, 2015.\5\ The Commission received six 
comment letters on the proposed rule change.\6\ On November 6, 2015, 
BATS withdrew the proposed rule change (SR-BATS-2015-57).
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Amendment No. 1 amended and replaced the original proposal 
in its entirety.
    \4\ See Securities Exchange Act Release No. 75693 (August 13, 
2015), 80 FR 50370.
    \5\ See Securities Exchange Act Release No. 75970, 80 FR 58527 
(September 29, 2015).
    \6\ See letters from: Teresa Machado B., dated August 19, 2015; 
Samuel F. Lek, Chief Executive Officer, Lek Securities Corporation, 
dated September 3, 2015; R.T. Leuchtkafer to Brent J. Fields, 
Secretary, Commission, dated September, 4, 2015; Mary Ann Burns, 
Chief Operating Officer, FIA Principal Traders Group, to Brent J. 
Fields, Secretary, Commission, dated September, 9, 2015; Samuel F. 
Lek, Chief Executive Officer, Lek Securities Corporation, dated 
September 18, 2015; and Anders Franzon, VP, Associate General 
Counsel, BATS, to Brent J. Fields, Secretary, Commission, dated 
November 6, 2015.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
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    \7\ 17 CFR 200.30-3(a)(12).
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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-28862 Filed 11-13-15; 8:45 am]
BILLING CODE 8011-01-P