On September 19th, the SEC filed notice of proposed rule changes filed by BATS Exchange, Inc. and BATS Y-Exchange, Inc. to amend and restate the Amended and Restated Bylaws of BATS Global Markets, Inc. The amendments to the Current Bylaws include, among other things: (i) revising the procedures for stockholder proposals and nomination of directors; (ii) revising the authority to call special meetings of the stockholders; (iii) revising the process for action by written consent of stockholders; (iv) revising the requirements for removal of directors; (v) removal of provisions relating to indemnification of officers and directors; (vi) eliminating the authority to make loans to corporate officers; and (vii) revising certain requirements for approval of future amendments to the New Bylaws. Comments should be submitted on or before 21 days from publication in the Federal Register, which is expected during the week of September 26th. SEC Release Nos. 34-65352 and 34-65353.