2020-03323. Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Adopt Rule 14.11(m), Portfolio Fund Shares, and To List and Trade Shares of the Fidelity ...  

  • Start Preamble February 13, 2020.

    On December 12, 2019, 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 adopt new BZX Rule 14.11(m), Portfolio Fund Shares, and to list and trade Start Printed Page 9889shares of the Fidelity Value ETF, Fidelity Growth ETF, and Fidelity Opportunistic ETF under such proposed BZX Rule 14.11(m). The proposed rule change was published for comment in the Federal Register on December 31, 2019.[3] The Commission has received no comment letters on the proposed rule change.

    Section 19(b)(2) of the Act [4] 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 will 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 45th day after publication of the notice for this proposed rule change is February 14, 2020. The Commission is extending this 45-day time period.

    The Commission finds it 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. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,[5] designates March 30, 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 No. SR-CboeBZX-2019-107).

    Start Signature

    For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.6

    Jill M. Peterson,

    Assistant Secretary.

    End Signature End Preamble

    Footnotes

    [FR Doc. 2020-03323 Filed 2-19-20; 8:45 am]

    BILLING CODE 8011-01-P

Document Information

Published:
02/20/2020
Department:
Securities and Exchange Commission
Entry Type:
Notice
Document Number:
2020-03323
Pages:
9888-9889 (2 pages)
Docket Numbers:
Release No. 34-88195, File No. SR-CboeBZX-2019-107
PDF File:
2020-03323.Pdf