80 FR 26599 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change Relating to Rules 6.74A and 6.74B

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 89 (May 8, 2015)

Page Range		26599-26599
FR Document		2015-11056

Federal Register, Volume 80 Issue 89 (Friday, May 8, 2015)

[Federal Register Volume 80, Number 89 (Friday, May 8, 2015)]
[Notices]
[Page 26599]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-11056]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-74862; File No. SR-CBOE-2015-026]


Self-Regulatory Organizations; Chicago Board Options Exchange, 
Incorporated; Notice of Designation of Longer Period for Commission 
Action on Proposed Rule Change Relating to Rules 6.74A and 6.74B

May 4, 2015.
    On March 6, 2015, Chicago Board Options Exchange, Incorporated 
(``Exchange'') 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 amend its rules regarding the ability of a 
Market-Maker assigned to an options class to be solicited as the contra 
party to an Agency Order in that class on the Exchange's Automated 
Improvement Mechanism and Solicitation Auction Mechanism. The proposed 
rule change was published for comment in the Federal Register on March 
23, 2015.\3\ The Commission has received no comment letters on the 
proposal.
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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. 74519 (March 17, 
2015), 80 FR 15264.
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    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 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 May 7, 2015.
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    \4\ 15 U.S.C. 78s(b)(2).
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    The Commission is extending the 45-day time period for Commission 
action on the proposed rule change. 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 and 
take action on the Exchange's proposed rule change.
    Accordingly, pursuant to Section 19(b)(2)(A)(ii)(I) of the Act \5\ 
and for the reasons stated above, the Commission designates June 21, 
2015, as the date by which the Commission should either approve or 
disapprove, or institute proceedings to determine whether to 
disapprove, the proposed rule change (File No. SR-CBOE-2015-026).
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    \5\ 15 U.S.C. 78s(b)(2)(A)(ii)(I).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(31).
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Brent J. Fields,
Secretary.
[FR Doc. 2015-11056 Filed 5-7-15; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 80, No. 89 / Friday, May 8, 2015 / Notices 26599

the risks involved in trading the Shares regulations thereunder applicable to a proceedings to determine whether the
during the Opening and Late Trading national securities exchange. proposed rule change should be
Sessions when an updated PIV will not disapproved. The 45th day for this filing
IV. Conclusion
be calculated or publicly disseminated; is May 7, 2015.
(d) how information regarding the PIV It is therefore ordered, pursuant to The Commission is extending the 45-
and the Disclosed Portfolio is Section 19(b)(2) of the Exchange Act, day time period for Commission action
disseminated; (e) the requirement that that the proposed rule change (SR– on the proposed rule change. The
ETP Holders deliver a prospectus to NYSEArca–2015–15), as modified by Commission finds that it is appropriate
investors purchasing newly issued Amendment No. 1, is hereby approved. to designate a longer period within
Shares prior to or concurrently with the For the Commission, by the Division of which to take action on the proposed
confirmation of a transaction; and (f) Trading and Markets, pursuant to delegated rule change so that it has sufficient time
trading information. authority.30 to consider and take action on the
(5) For initial and/or continued Brent J. Fields, Exchange’s proposed rule change.
listing, the Fund will be in compliance Secretary. Accordingly, pursuant to Section
with Rule 10A–3 28 under the Act, as [FR Doc. 2015–11080 Filed 5–7–15; 8:45 am] 19(b)(2)(A)(ii)(I) of the Act 5 and for the
provided by NYSE Arca Equities Rule BILLING CODE 8011–01–P reasons stated above, the Commission
5.3. designates June 21, 2015, as the date by
(6) The Fund may hold up to an
which the Commission should either
aggregate amount of 15% of its net SECURITIES AND EXCHANGE approve or disapprove, or institute
assets in illiquid assets (calculated at COMMISSION proceedings to determine whether to
the time of investment), including Rule
[Release No. 34–74862; File No. SR–CBOE– disapprove, the proposed rule change
144A securities deemed illiquid by the
2015–026] (File No. SR–CBOE–2015–026).
Adviser, consistent with Commission
guidance. The Fund will monitor its For the Commission, by the Division of
Self-Regulatory Organizations; Trading and Markets, pursuant to delegated
portfolio liquidity on an ongoing basis
Chicago Board Options Exchange, authority.6
to determine whether, in light of current
Incorporated; Notice of Designation of Brent J. Fields,
circumstances, an adequate level of
Longer Period for Commission Action Secretary.
liquidity is being maintained, and will
on Proposed Rule Change Relating to
consider taking appropriate steps in [FR Doc. 2015–11056 Filed 5–7–15; 8:45 am]
Rules 6.74A and 6.74B
order to maintain adequate liquidity if, BILLING CODE 8011–01–P
through a change in values, net assets, May 4, 2015.
or other circumstances, more than 15% On March 6, 2015, Chicago Board
of the Fund’s net assets are held in Options Exchange, Incorporated SECURITIES AND EXCHANGE
illiquid assets. (‘‘Exchange’’) filed with the Securities COMMISSION
(7) The Fund will limit its investment and Exchange Commission
in non-government sponsored (‘‘Commission’’), pursuant to Section [Release No. 34–74861; File No. SR–NYSE–
residential mortgage-backed securities, 19(b)(1) of the Securities Exchange Act 2015–22]
commercial mortgage-backed securities of 1934 (‘‘Act’’) 1 and Rule 19b–4
and asset-backed securities (including thereunder,2 a proposed rule change to Self-Regulatory Organizations; New
equipment trust certificates) as well as amend its rules regarding the ability of York Stock Exchange LLC; Notice of
bank loans and illiquid restricted a Market-Maker assigned to an options Filing and Immediate Effectiveness of
securities, in the aggregate, to 20% or class to be solicited as the contra party Proposed Rule Change Amending the
less of the Fund’s net assets. to an Agency Order in that class on the Fees for NYSE BBO and NYSE Trades
(8) Not more than 10% of the net Exchange’s Automated Improvement To Add a Late Fee In Connection With
assets of the Fund will be invested in Mechanism and Solicitation Auction Failure To Submit the Non-Display Use
non-exchange-listed ADRs. Mechanism. The proposed rule change Declaration
(9) Not more than 10% of the net was published for comment in the
assets of the Fund in the aggregate May 4, 2015.
Federal Register on March 23, 2015.3
invested in exchange-traded equity The Commission has received no Pursuant to Section 19(b)(1) 1 of the
securities shall consist of equity comment letters on the proposal. Securities Exchange Act of 1934 (the
securities whose principal market is not Section 19(b)(2) of the Act 4 provides ‘‘Act’’) 2 and Rule 19b–4 thereunder,3
a member of the ISG or party to a CSSA that within 45 days of the publication of notice is hereby given that, on April 27,
with the Exchange. notice of the filing of a proposed rule 2015, New York Stock Exchange LLC
(10) A minimum of 100,000 Shares change, or within such longer period up (‘‘NYSE’’ or the ‘‘Exchange’’) filed with
will be outstanding at the to 90 days as the Commission may the Securities and Exchange
commencement of trading on the designate if it finds such longer period Commission (the ‘‘Commission’’) the
Exchange. to be appropriate and publishes its proposed rule change as described in
This approval order is based on all of reasons for so finding or as to which the Items I, II, and III below, which Items
the Exchange’s representations, self-regulatory organization consents, have been prepared by the self-
including those set forth above and in the Commission shall either approve the regulatory organization. The
asabaliauskas on DSK5VPTVN1PROD with NOTICES

the Notice. proposed rule change, disapprove the Commission is publishing this notice to
For the foregoing reasons, the solicit comments on the proposed rule
proposed rule change, or institute
Commission finds that the proposed change from interested persons.
rule change, as modified by Amendment 30 17 CFR 200.30–3(a)(12).
No. 1, is consistent with Section 6(b)(5) 1 15 U.S.C. 78s(b)(1). 5 15 U.S.C. 78s(b)(2)(A)(ii)(I).
of the Act 29 and the rules and 2 17 CFR 240.19b–4. 6 17 CFR 200.30–3(a)(31).
3 See Securities Exchange Act Release No. 74519 1 15 U.S.C.78s(b)(1).
28 17 CFR 240 10A–3. (March 17, 2015), 80 FR 15264. 2 15 U.S.C. 78a.
29 15 U.S.C. 78f(b)(5). 4 15 U.S.C. 78s(b)(2). 3 17 CFR 240.19b–4.

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Document Created: 2018-02-21 10:24:41
Document Modified: 2018-02-21 10:24:41

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
FR Citation		80 FR 26599