80 FR 39821 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change Relating to Rule 6.53C and Complex Orders on the Hybrid System

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 132 (July 10, 2015)

[Federal Register Volume 80, Number 132 (Friday, July 10, 2015)]
[Notices]
[Page 39821]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-16856]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-75359; File No. SR-CBOE-2015-045]


Self-Regulatory Organizations; Chicago Board Options Exchange, 
Incorporated; Notice of Designation of Longer Period for Commission 
Action on Proposed Rule Change Relating to Rule 6.53C and Complex 
Orders on the Hybrid System

July 6, 2015.
    On May 12, 2015, Chicago Board Options Exchange, Incorporated (the 
``Exchange'' or ``CBOE'') 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 modify Rule 6.53C, Complex 
Orders on the Hybrid System, to give the Exchange the flexibility to 
distinguish between Professional and non-Professional orders for the 
purposes of determining eligibility for COA. The proposed rule change 
was published for comment in the Federal Register on May 27, 2015.\3\ 
On June 3, 2015, CBOE filed Amendment No.1 to the proposed rule 
change.\4\ The Commission received no comment letters regarding the 
proposed rule change.
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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. 75003 (May 20, 
2015), 80 FR 30306.
    \4\ Amendment No. 1 to the proposed rule change amended the 
statutory basis and burden on competition sections of the Form 19b-4 
and Exhibit 1 regarding distinguishing between Professional and non-
Professional orders for purposes of determining eligibility for COA.
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    Section 19(b)(2) of the Act \5\ 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 July 11, 2015.
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    \5\ 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 the 
proposed rule change, as modified by Amendment No. 1.
    Accordingly, pursuant to Section 19(b)(2) of the Act \6\ and for 
the reasons stated above, the Commission designates August 25, 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.
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    \7\ 17 CFR 200.30-3(a)(31).
    \6\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
Brent J. Fields,
Secretary.
[FR Doc. 2015-16856 Filed 7-9-15; 8:45 am]
 BILLING CODE 8011-01-P