
[Federal Register Volume 81, Number 17 (Wednesday, January 27, 2016)]
[Notices]
[Page 4734]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-01529]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-76945; File No. SR-BATS-2015-108]


Self-Regulatory Organizations; BATS Exchange, Inc.; Notice of 
Designation of Longer Period for Commission Action on a Proposed Rule 
Change To Adopt Rule 11.27 To Implement the Quoting and Trading 
Requirements of the Tick Size Pilot Program

January 21, 2016.
    On November 30, 2015, BATS Exchange, Inc. (``Exchange'' or 
``BATS'') 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 Exchange Rule 11.27 to implement the 
quoting and trading requirements set forth in the Regulation NMS Plan 
to Implement a Tick Size Pilot Program.\3\ The proposed rule change was 
published for comment in the Federal Register on December 9, 2015.\4\ 
The Commission has received three comment letters on the proposal.\5\
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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. 74892 (May 6, 2015), 
80 FR 27513 (May 13, 2015).
    \4\ See Securities Exchange Act Release No. 76552 (December 3, 
2015), 80 FR 76591.
    \5\ See Letters from Brendon J. Weiss, Co-Head Government 
Affairs, Intercontinental Exchange Inc. and John K. Kerin, CEO, 
Chicago Stock Exchange dated January 15, 2016, to Brent J. Fields, 
Secretary, Commission; Mary Lou Von Kaenel, Managing Director, 
Financial Information Forum, dated December 22, 2015; and Theodore 
R. Lazo, Managing Director and Associate General Counsel, Securities 
Industry and Financial Markets Association, dated December 18, 2015, 
to Robert W. Errett, Deputy Secretary, Commission.
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    Section 19(b)(2) of the Act \6\ provides that, within 45 days of 
the publication of the 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 45th day for this filing is January 23, 2016.
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    \6\ 15 U.S.C. 78s(b)(2).
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    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 proposal.
    Accordingly, pursuant to Section 19(b)(2) of the Act,\7\ the 
Commission designates March 8, 2016, as the date by which the 
Commission should either approve, disapprove, or institute proceedings 
to determine whether to disapprove the proposed rule change (File No. 
SR-BATS-2015-108).
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    \7\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\8\
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    \8\ 17 CFR 200.30-3(a)(31).
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Brent J. Fields,
Secretary.
[FR Doc. 2016-01529 Filed 1-26-16; 8:45 am]
 BILLING CODE 8011-01-P


