80 FR 79385 - Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To Amend and Correct Rule 1080.07

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 244 (December 21, 2015)

[Federal Register Volume 80, Number 244 (Monday, December 21, 2015)]
[Notices]
[Pages 79385-79386]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-31935]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-76648; File No. SR-Phlx-2015-49]


Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of 
Designation of a Longer Period for Commission Action on Proceedings To 
Determine Whether To Approve or Disapprove a Proposed Rule Change To 
Amend and Correct Rule 1080.07

December 15, 2015.
    On June 5, 2015, NASDAQ OMX PHLX LLC (the ``Exchange'' or ``Phlx'') 
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 and correct several provisions in Phlx Rule 1080.07, which 
governs the trading of Complex Orders on Phlx XL. The proposed rule 
change was published for comment in the Federal Register on June 23, 
2015.\3\ On July 30, 2015, the Commission extended the time period for 
Commission action to September 21, 2015.\4\ On September 17, 2015, the 
Commission instituted proceedings under section 19(b)(2)(B) of the Act 
\5\ to determine whether to approve or disapprove the proposed rule 
change.\6\ The Phlx filed Amendment Nos. 1 and 2 to the proposal on 
November 4, 2015, and December 3, 2015, respectively.\7\ The Commission 
received no comments regarding the proposal.\8\
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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. 75189 (June 17, 
2015), 80 FR 35997.
    \4\ See Securities Exchange Act Release No. 75570, 80 FR 46619 
(August 5, 2015).
    \5\ 15 U.S.C. 78s(b)(2)(B).
    \6\ See Securities Exchange Act Release No. 75942, 80 FR 57406 
(September 23, 2015).
    \7\ When the Phlx filed Amendment Nos. 1 and 2 with the 
Commission, it also posted the amendments on the Phlx's Web site and 
submitted the amendments as a comment letters to the file, which the 
Commission posted on its Web site and placed in the public comment 
file for SR-Phlx-2015-49.
    \8\ As noted above, the Phlx submitted Amendment Nos. 1 and 2 to 
the comment letter file for SR-Phlx-2015-49.
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    Section 19(b)(2) of the Act provides that proceedings to determine 
whether to disapprove a proposed rule change must be concluded within 
180 days of the date of publication of notice of filing of the proposed 
rule change.\9\ The time for conclusion of the proceedings may be 
extended for up to 60 days if the Commission determines that a longer 
period is appropriate and publishes the reasons for such 
determination.\10\ The 180th day for this filing is December 20, 2015.
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    \9\ 15 U.S.C. 78s(b)(2)(B)(i)(II) and (ii)(I).
    \10\ 15 U.S.C. 78s(b)(2)(B)(ii)(II).
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    The Commission is extending the 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 
issues raised by the proposal and to take action on the Exchange's 
proposed rule change.
    Accordingly, pursuant to section 19(b)(2)(B)(ii)(II) of the Act 
\11\ and for the reasons stated above, the Commission designates 
February 18, 2016, as the date by which the Commission should either 
approve or disapprove the proposed rule change (File No. SR-Phlx-2015-
49).
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    \11\ Id.


[[Page 79386]]


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    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\12\
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    \12\ 17 CFR 200.30-3(a)(57).
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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-31935 Filed 12-18-15; 8:45 am]
BILLING CODE 8011-01-P