80_FR_56706 80 FR 56525 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change Relating to Rules 6.74A and 6.74B

80 FR 56525 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change Relating to Rules 6.74A and 6.74B

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 181 (September 18, 2015)

Page Range56525-56525
FR Document2015-23401

Federal Register, Volume 80 Issue 181 (Friday, September 18, 2015)
[Federal Register Volume 80, Number 181 (Friday, September 18, 2015)]
[Notices]
[Page 56525]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-23401]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-75908; File No. SR-CBOE-2015-026]


Self-Regulatory Organizations; Chicago Board Options Exchange, 
Incorporated; Notice of Designation of a Longer Period for Commission 
Action on Proceedings To Determine Whether To Approve or Disapprove a 
Proposed Rule Change Relating to Rules 6.74A and 6.74B

September 14, 2015.
    On March 6, 2015, Chicago Board Options Exchange, Incorporated (the 
``Exchange'' or ``CBOE'') filed with the Securities and Exchange 
Commission (the ``Commission''), pursuant to Section 19(b)(1) of the 
Securities Exchange Act of 1934 (the ``Act''),\1\ and Rule 19b-4 
thereunder,\2\ a proposed rule change to amend its rules regarding the 
solicitation of Market-Makers as the contra party to an agency order 
entered into the Exchange's Automated Improvement Mechanism (``AIM'') 
and Solicitation Auction Mechanism (``SAM'') auctions. The proposed 
rule change was published for comment in the Federal Register on March 
23, 2015.\3\ On May 4, 2015, the Commission extended the time period 
within which to approve the proposed rule change, disapprove the 
proposed rule change, or institute proceedings to determine whether to 
disapprove the proposed rule change, to June 21, 2015.\4\ On June 18, 
2015, the Commission instituted proceedings to determine whether to 
approve or disapprove the proposed rule change.\5\ On July 21, 2015, 
the Commission received a letter from the Exchange responding to the 
Order Instituting Proceedings.\6\ Subsequently, the Commission received 
one other comment letter on the proposed rule change.\7\
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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 (``Notice'').
    \4\ See Securities Exchange Act Release No. 74862 (May 4, 2015), 
80 FR 26599 (May 8, 2015).
    \5\ See Securities Exchange Act Release No. 75245 (June 18, 
2015), 80 FR 36386 (June 24, 2015) (``Order Instituting 
Proceedings'').
    \6\ See Letter to Brent J. Fields, Secretary, Commission, from 
Kyle Edwards, Attorney, CBOE, dated July 21, 2015 (``CBOE Letter'').
    \7\ See Letter to Brent J. Fields, Secretary, Commission, from 
Gavin Rowe, Senior Director, Dash Financial LLC, dated August 11, 
2015 (``Dash Financial Letter'').
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    Section 19(b)(2) of the Act \8\ provides that, after initiating 
disapproval proceedings, the Commission shall issue an order approving 
or disapproving the proposed rule change not later than 180 days after 
the date of publication of notice of filing of the proposed rule 
change. The Commission may extend the period for issuing an order 
approving or disapproving the proposed rule change, however, by not 
more than 60 days if the Commission determines that a longer period is 
appropriate and publishes the reasons for such determination. In this 
case, the proposed rule change was published for notice and comment in 
the Federal Register on March 23, 2015.\9\ September 19, 2015, is 180 
days from that date, and November 18, 2015, is 240 days from that date.
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    \8\ 15 U.S.C. 78s(b)(2).
    \9\ See supra note 3.
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    The Commission finds it appropriate to designate a longer period 
within which to issue an order approving or disapproving the proposed 
rule change so that it has sufficient time to consider the proposed 
rule change and the comment letters submitted in response to the Order 
Instituting Proceedings.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\10\ designates November 18, 2015 as the date by which the 
Commission shall either approve or disapprove the proposed rule change 
(File No. SR-CBOE-2015-026).
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    \10\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\11\
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    \11\ 17 CFR 200.30-3(a)(57).
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Brent J. Fields,
Secretary.
[FR Doc. 2015-23401 Filed 9-17-15; 8:45 am]
BILLING CODE 8011-01-P



                                                                            Federal Register / Vol. 80, No. 181 / Friday, September 18, 2015 / Notices                                                56525

                                              Paper Comments                                            SECURITIES AND EXCHANGE                               proposed rule change not later than 180
                                                                                                        COMMISSION                                            days after the date of publication of
                                                • Send paper comments in triplicate                                                                           notice of filing of the proposed rule
                                              to Secretary, Securities and Exchange                     [Release No. 34–75908; File No. SR–CBOE–
                                                                                                                                                              change. The Commission may extend
                                              Commission, 100 F Street NE.,                             2015–026]
                                                                                                                                                              the period for issuing an order
                                              Washington, DC 20549–1090.                                Self-Regulatory Organizations;                        approving or disapproving the proposed
                                              All submissions should refer to File                      Chicago Board Options Exchange,                       rule change, however, by not more than
                                                                                                        Incorporated; Notice of Designation of                60 days if the Commission determines
                                              Number SR–CBOE-2015–079. This file
                                                                                                        a Longer Period for Commission                        that a longer period is appropriate and
                                              number should be included on the
                                                                                                        Action on Proceedings To Determine                    publishes the reasons for such
                                              subject line if email is used. To help the                                                                      determination. In this case, the
                                              Commission process and review your                        Whether To Approve or Disapprove a
                                                                                                        Proposed Rule Change Relating to                      proposed rule change was published for
                                              comments more efficiently, please use                                                                           notice and comment in the Federal
                                              only one method. The Commission will                      Rules 6.74A and 6.74B
                                                                                                                                                              Register on March 23, 2015.9 September
                                              post all comments on the Commission’s                     September 14, 2015.                                   19, 2015, is 180 days from that date, and
                                              Internet Web site (http://www.sec.gov/                       On March 6, 2015, Chicago Board                    November 18, 2015, is 240 days from
                                              rules/sro.shtml). Copies of the                           Options Exchange, Incorporated (the                   that date.
                                              submission, all subsequent                                ‘‘Exchange’’ or ‘‘CBOE’’) filed with the                 The Commission finds it appropriate
                                              amendments, all written statements                        Securities and Exchange Commission                    to designate a longer period within
                                              with respect to the proposed rule                         (the ‘‘Commission’’), pursuant to                     which to issue an order approving or
                                              change that are filed with the                            Section 19(b)(1) of the Securities                    disapproving the proposed rule change
                                              Commission, and all written                               Exchange Act of 1934 (the ‘‘Act’’),1 and              so that it has sufficient time to consider
                                              communications relating to the                            Rule 19b–4 thereunder,2 a proposed rule               the proposed rule change and the
                                              proposed rule change between the                          change to amend its rules regarding the               comment letters submitted in response
                                              Commission and any person, other than                     solicitation of Market-Makers as the                  to the Order Instituting Proceedings.
                                              those that may be withheld from the                       contra party to an agency order entered                  Accordingly, the Commission,
                                              public in accordance with the                             into the Exchange’s Automated                         pursuant to Section 19(b)(2) of the
                                              provisions of 5 U.S.C. 552, will be                       Improvement Mechanism (‘‘AIM’’) and                   Act,10 designates November 18, 2015 as
                                              available for Web site viewing and                        Solicitation Auction Mechanism                        the date by which the Commission shall
                                                                                                        (‘‘SAM’’) auctions. The proposed rule                 either approve or disapprove the
                                              printing in the Commission’s Public
                                                                                                        change was published for comment in                   proposed rule change (File No. SR–
                                              Reference Room, 100 F Street NE.,
                                                                                                        the Federal Register on March 23,                     CBOE–2015–026).
                                              Washington, DC 20549 on official
                                                                                                        2015.3 On May 4, 2015, the Commission                   For the Commission, by the Division of
                                              business days between the hours of
                                                                                                        extended the time period within which                 Trading and Markets, pursuant to delegated
                                              10:00 a.m. and 3:00 p.m. Copies of the                    to approve the proposed rule change,                  authority.11
                                              filing also will be available for                         disapprove the proposed rule change, or               Brent J. Fields,
                                              inspection and copying at the principal                   institute proceedings to determine                    Secretary.
                                              office of the Exchange. All comments                      whether to disapprove the proposed                    [FR Doc. 2015–23401 Filed 9–17–15; 8:45 am]
                                              received will be posted without change;                   rule change, to June 21, 2015.4 On June               BILLING CODE 8011–01–P
                                              the Commission does not edit personal                     18, 2015, the Commission instituted
                                              identifying information from                              proceedings to determine whether to
                                              submissions. You should submit only                       approve or disapprove the proposed                    SECURITIES AND EXCHANGE
                                              information that you wish to make                         rule change.5 On July 21, 2015, the                   COMMISSION
                                              available publicly. All submissions                       Commission received a letter from the
                                                                                                                                                              [Release No. 34–75913; File No. SR–CBOE–
                                              should refer to File Number SR–CBOE–                      Exchange responding to the Order                      2015–076]
                                              2015–079 and should be submitted on                       Instituting Proceedings.6 Subsequently,
                                              or before October 9, 2015.                                the Commission received one other                     Self-Regulatory Organizations;
                                                For the Commission, by the Division of
                                                                                                        comment letter on the proposed rule                   Chicago Board Options Exchange,
                                              Trading and Markets, pursuant to delegated
                                                                                                        change.7                                              Incorporated; Notice of Filing and
                                                                                                           Section 19(b)(2) of the Act 8 provides             Immediate Effectiveness of a Proposed
                                              authority.13
                                                                                                        that, after initiating disapproval                    Rule Change To Amend the Fees
                                              Brent J. Fields,                                          proceedings, the Commission shall issue               Schedule
                                              Secretary.                                                an order approving or disapproving the
                                              [FR Doc. 2015–23395 Filed 9–17–15; 8:45 am]                                                                     September 14, 2015.
                                              BILLING CODE 8011–01–P
                                                                                                          1 15  U.S.C. 78s(b)(1).                                Pursuant to Section 19(b)(1) of the
                                                                                                           2 17 CFR 240.19b–4.
                                                                                                                                                              Securities Exchange Act of 1934 (the
                                                                                                           3 See Securities Exchange Act Release No. 74519
                                                                                                                                                              ‘‘Act’’),1 and Rule 19b–4 thereunder,2
                                                                                                        (March 17, 2015), 80 FR 15264 (‘‘Notice’’).
                                                                                                           4 See Securities Exchange Act Release No. 74862
                                                                                                                                                              notice is hereby given that on
                                                                                                        (May 4, 2015), 80 FR 26599 (May 8, 2015).             September 1, 2015, Chicago Board
                                                                                                           5 See Securities Exchange Act Release No. 75245    Options Exchange, Incorporated (the
                                                                                                        (June 18, 2015), 80 FR 36386 (June 24, 2015)          ‘‘Exchange’’ or ‘‘CBOE’’) filed with the
                                                                                                        (‘‘Order Instituting Proceedings’’).                  Securities and Exchange Commission
tkelley on DSK3SPTVN1PROD with NOTICES




                                                                                                           6 See Letter to Brent J. Fields, Secretary,
                                                                                                                                                              (the ‘‘Commission’’) the proposed rule
                                                                                                        Commission, from Kyle Edwards, Attorney, CBOE,
                                                                                                        dated July 21, 2015 (‘‘CBOE Letter’’).
                                                                                                                                                                9 See supra note 3.
                                                                                                           7 See Letter to Brent J. Fields, Secretary,
                                                                                                                                                                10 15 U.S.C. 78s(b)(2).
                                                                                                        Commission, from Gavin Rowe, Senior Director,
                                                                                                                                                                11 17 CFR 200.30–3(a)(57).
                                                                                                        Dash Financial LLC, dated August 11, 2015 (‘‘Dash
                                                                                                        Financial Letter’’).                                    1 15 U.S.C. 78s(b)(1).
                                                13 17   CFR 200.30–3(a)(12).                               8 15 U.S.C. 78s(b)(2).                               2 17 CFR 240.19b–4.




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Document Created: 2015-12-15 09:27:47
Document Modified: 2015-12-15 09:27:47
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation80 FR 56525 

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