Document ID: SEC-2016-1512-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Bats BZX Exchange, Inc.
Posted Date: 2016-08-29T04:00Z

[Federal Register Volume 81, Number 167 (Monday, August 29, 2016)]
[Notices]
[Pages 59256-59257]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-20576]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-78653; File No. SR-BatsBZX-2016-30]

Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change to BZX Rule 14.11(e)(4), Commodity-Based Trust Shares, To List 
and Trade Winklevoss Bitcoin Shares Issued by the Winklevoss Bitcoin 
Trust

August 23, 2016.
    On June 30, 2016, Bats 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 list and trade 
Winklevoss Bitcoin Shares issued by the Winklevoss Bitcoin Trust under 
BZX Rule 14.11(e)(4). The proposed rule change was published for 
comment in the Federal Register on July 14, 2016.\3\ The Commission has 
received five comment letters on the proposed rule change.\4\
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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. 78262 (Jul. 8, 
2016), 81 FR 45554.
    \4\ See Letters from Robert D. Miller, VP Technical Services, 
RKL eSolutions (Jul. 11, 2016); Jorge Stolfi, Full Professor, 
Institute of Computing UNICAMP (Jul. 13, 2016); Guillaume 
Lethuillier (Jul. 26, 2016); Michael B. Casey (Jul. 31, 2016); and 
Erik A. Aronesty, Sr. Software Engineer, Bloomberg LP (Aug. 2, 
2016). All comments on the proposed rule change are available on the 
Commission's Web site at: https://www.sec.gov/comments/sr-batsbzx-2016-30/batsbzx201630.shtml.
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    Section 19(b)(2) of the Act \5\ provides that, within 45 days of 
the publication of notice of the filing of a proposed rule change, or 
within such longer period up to 90 days as the Commission may designate 
if it finds such longer period to be appropriate and publishes its 
reasons for so finding or as to which the self-regulatory organization 
consents, the Commission shall either approve the proposed rule change, 
disapprove the proposed rule change, or institute proceedings to 
determine whether the proposed rule change should be disapproved. The 
Commission is extending this 45-day time period. The Commission finds 
that it is appropriate to designate a longer period within which to 
take action on the proposed rule change so that it has sufficient time 
to consider the proposed rule change.
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    \5\ 15 U.S.C. 78s(b)(2).
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    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\6\

[[Page 59257]]

designates October 12, 2016, as the date by which the Commission shall 
either approve or disapprove or institute proceedings to determine 
whether to disapprove the proposed rule change (File Number SR-BatsBZX-
2016-30).
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    \6\ Id.

    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)(31).
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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-20576 Filed 8-26-16; 8:45 am]
 BILLING CODE 8011-01-P