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)

[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