Rules and Regulations. SECURITIES AND EXCHANGE COMMISSION
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/register/2018/02/12/2018-02726A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
BILLING CODE 8011-01-P SECURITIES AND EXCHANGE COMMISSION [Release No. 34-82643; File No. SR-CboeBZX-2017-012] Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Shares of the LHA Market State® Tactical U.S. Equity ETF, a Series of the ETF Series Solutions, Under Rule 14.11(i), Managed Fund Shares February 6, 2018. On December 7, 2017, Cboe BZX Exchange, Inc.
(“Exchange” or “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 the shares of the LHA Market State® Tactical U.S. Equity ETF (“Fund”) under BZX Rule 14.11(i). The proposed rule change was published for comment in the ** Federal Register ** on December 28, 2017. 3 On January 31, 2018, the Exchange filed Amendment No. 1 to the proposed rule change. 4 The Commission has received no comment letters on the proposed rule change. 1 15 U.S.C. 78s(b)(1). 2 17 CFR 240.19b-4. 3 *See* Securities Exchange Act Release No. 82379 (Dec. 21, 2017), 82 FR 61608. 4 In Amendment No. 1, which amended and replaced the proposed rule change in its entirety, the Exchange:
(a)Supplemented the description of the Fund's relative exposures to the U.S. equity and S&P 500 futures markets;
(b)made conforming informational and rule reference corrections to maintain internal consistency;
(c)updated the status of the registration statement for the Fund;
(d)clarified the use of certain defined terms; and
(e)made other technical and non-substantive changes. Amendment No. 1 to the proposed rule change is available on the Commission's website at: *https://www.sec.gov/comments/sr-cboebzx-2017-012/cboebzx2017012.htm.* 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. 5 15 U.S.C. 78s(b)(2). Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act, 6 designates March 28, 2018, 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-2017-012), as modified by Amendment No. 1. 6 *Id.* 7 17 CFR 200.30-3(a)(31). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority. 7 Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018-02726 Filed 2-9-18; 8:45 am]
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- 17 CFR 240.19
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