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 Range		56525-56525
FR Document		2015-23401

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

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 56525