Covered Securities Pursuant to Section 18 of the Securities Act of 1933

The Securities and Exchange Commission (``SEC'' or ``Commission'') proposes for comment an amendment to Rule 146 under Section 18 of the Securities Act of 1933 (``Securities Act''), as amended, to designate certain securities on BATS Exchange, Inc. (``BATS'' or ``Exchange'') as covered securities for purposes of Section 18 of the Securities Act. Covered securities under Section 18 of the Securities Act are exempt from state law registration requirements.

Agency Contact: David R. Dimitrious, Senior Special Counsel, (202) 551-5131, Ronesha Butler, Special Counsel, (202) 551- 5629 or Carl Tugberk, Special Counsel, (202) 551-6049, Division of Trading and Markets (``Division''), Commission, 100 F Street, NE., Washington, DC 20549-6628.