Document ID: SEC-2019-1932-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Cboe BZX Exchange, Inc.
Posted Date: 2019-12-23T05:00Z

[Federal Register Volume 84, Number 246 (Monday, December 23, 2019)]
[Notices]
[Page 70589]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-27586]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-87769; File No. SR-CboeBZX-2019-057]

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 To 
List and Trade Shares of the American Century Focused Dynamic Growth 
ETF and American Century Focused Large Cap Value ETF Under Currently 
Proposed Rule 14.11(k)

December 17, 2019.
    On June 6, 2019, Cboe BZX Exchange, Inc. 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 the 
American Century Focused Dynamic Growth ETF and American Century 
Focused Large Cap Value ETF under proposed Rule 14.11(k) (Managed 
Portfolio Shares). The proposed rule change was published for comment 
in the Federal Register on June 25, 2019.\3\ On August 2, 2019, 
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 disapprove the proposed rule change.\5\ On 
September 23, 2019, the Commission instituted proceedings under Section 
19(b)(2)(B) of the Act\6\ to determine whether to approve or disapprove 
the proposed rule change.\7\ The Commission has received no comment 
letters on the proposed rule change.
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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. 86155 (June 19, 
2019), 84 FR 29912.
    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 86557, 84 FR 39024 
(August 8, 2019). The Commission designated September 23, 2019, as 
the date by which the Commission shall approve or disapprove, or 
institute proceedings to determine whether to disapprove, the 
proposed rule change.
    \6\ 15 U.S.C. 78s(b)(2)(B).
    \7\ See Securities Exchange Act Release No. 87059, 84 FR 51215 
(September 27, 2019).
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    Section 19(b)(2) of the Act \8\ 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, however, may extend the period for issuing an 
order approving or disapproving the proposed rule change by not more 
than 60 days if the Commission determines that a longer period is 
appropriate and publishes reasons for such determination. The proposed 
rule change was published for notice and comment in the Federal 
Register on June 25, 2019. December 22, 2019, is 180 days from that 
date, and February 20, 2020, is 240 days from that date.
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    \8\ 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. Accordingly, the Commission, pursuant to Section 19(b)(2) 
of the Act,\9\ designates February 20, 2020, 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-CboeBZX-2019-057).
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    \9\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\10\
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    \10\ 17 CFR 200.30-3(a)(31).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2019-27586 Filed 12-20-19; 8:45 am]
 BILLING CODE 8011-01-P