Document ID: SEC-2019-0577-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Cboe BZX Exchange, Inc.
Posted Date: 2019-04-29T04:00Z

[Federal Register Volume 84, Number 82 (Monday, April 29, 2019)]
[Notices]
[Page 18098]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-08097]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-85682; File No. SR-CboeBZX-2018-044]

Cboe BZX Exchange, Inc.; Order Scheduling Filing of Statements on 
Review

April 17, 2019.
    On June 21, 2018, Cboe BZX Exchange, Inc. (``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, the Division of 
Trading and Markets (``Division''), for the Commission pursuant to 
delegated authority, extended the time period for Commission action on 
the proposed rule change.\4\ On September 28, 2018, BZX filed Amendment 
No. 1 to the proposed rule change, which amended and replaced the 
proposed rule change as originally filed.\5\ On October 5, 2018, the 
Division, for the Commission pursuant to delegated authority, 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\ 
On December 21, 2018, pursuant to Section 19(b)(2) of the Act,\8\ the 
Division, for the Commission pursuant to delegated authority, 
designated a longer period within which to issue an order approving or 
disapproving the proposed rule change, as modified by Amendment No. 
1.\9\ The Commission received one comment letter 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. 83594 (July 5, 
2018), 83 FR 32158 (July 11, 2018).
    \4\ See Securities Exchange Act Release No. 83919 (August 23, 
2018), 83 FR 44083 (August 29, 2018).
    \5\ Amendment No. 1 is available at: https://www.sec.gov/comments/sr-cboebzx-2018-044/srcboebzx2018044-4468884-175849.pdf.
    \6\ 15 U.S.C. 78s(b)(2)(B).
    \7\ See Securities Exchange Act Release No. 84378 (October 5, 
2018), 83 FR 51745 (October 12, 2018).
    \8\ 15 U.S.C. 78s(b)(2).
    \9\ See Securities Exchange Act Release No. 84948 (December 21, 
2018), 83 FR 67785 (December 31, 2018).
    \10\ See letter from Kyle Murray, Assistant General Counsel, 
Cboe Global Markets, Inc., to Brent J. Fields, Secretary, 
Commission, dated November 16, 2018, available at https://www.sec.gov/comments/sr-cboebzx-2018-044/srcboebzx2018044-4657310-176507.pdf.
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    On March 8, 2019, the Division, for the Commission pursuant to 
delegated authority,\11\ disapproved the proposed rule change, as 
modified by Amendment No. 1.\12\ On March 18, 2019, the Acting 
Secretary of the Commission notified BZX that, pursuant to Commission 
Rule of Practice 431,\13\ the Commission would review the Division's 
action pursuant to delegated authority and that the Division's action 
pursuant to delegated authority was stayed until the Commission orders 
otherwise.\14\
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    \11\ 17 CFR 200.30-3(a)(12).
    \12\ See Securities Exchange Act Release No. 85278 (March 8, 
2019), 84 FR 9395 (March 14, 2019).
    \13\ 17 CFR 201.431.
    \14\ See letter from Vanessa A. Countryman, Acting Secretary, 
Commission, to Kyle Murray, Assistant General Counsel, BZX, dated 
March 18, 2019, available at https://www.sec.gov/rules/sro/cboebzx/2019/cboebzx-2018-044-acknowledgement-letter-031819.pdf.
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    Accordingly, it is ordered, pursuant to Commission Rule of Practice 
431, that by May 17, 2019, any party or other person may file a 
statement in support of, or in opposition to, the action made pursuant 
to delegated authority.
    It is further ordered that the order disapproving proposed rule 
change SR-CboeBZX-2018-044 shall remain in effect pending the 
Commission's review.

    By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019-08097 Filed 4-26-19; 8:45 am]
 BILLING CODE 8011-01-P