81 FR 69892 - Self-Regulatory Organizations; NASDAQ PHLX LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend Rule 1017, Openings in Options

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 195 (October 7, 2016)

Page Range		69892-69893
FR Document		2016-24278

Federal Register, Volume 81 Issue 195 (Friday, October 7, 2016)

[Federal Register Volume 81, Number 195 (Friday, October 7, 2016)]
[Notices]
[Pages 69892-69893]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-24278]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-79024; File No. SR-Phlx-2016-79]


Self-Regulatory Organizations; NASDAQ PHLX LLC; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change To Amend Rule 1017, Openings in Options

October 3, 2016.
    On August 4, 2016, NASDAQ PHLX LLC (``Exchange'') filed with the 
Securities and Exchange Commission (``Commission''), pursuant to 
Section 19(b)(1) of the Securities Exchange Act

[[Page 69893]]

of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ a proposed rule 
change to amend Rule 1017, Openings in Options. The proposed rule 
change was published for comment in the Federal Register on August 22, 
2016.\3\ The Commission received no comment letters on 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. 78588 (August 16, 
2016), 81 FR 56733.
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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 after publication of the notice for this proposed rule change 
is October 6, 2016.
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    \4\ 15 U.S.C. 78s(b)(2).
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    The Commission is extending this 45-day time period. 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. Accordingly, the Commission, 
pursuant to Section 19(b)(2) of the Act,\5\ designates November 20, 
2016, as the date by which the Commission shall either approve or 
disapprove or institute proceedings to determine whether to disapprove 
the proposed rule change (File Number SR-Phlx-2016-79).
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    \5\ Id.
    \6\ 17 CFR 200.30-3(a)(31).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-24278 Filed 10-6-16; 8:45 am]
 BILLING CODE 8011-01-P

69892 Federal Register / Vol. 81, No. 195 / Friday, October 7, 2016 / Notices

in particular, in that it is designed to proposal does not: (i) Significantly affect All submissions should refer to File No.
promote just and equitable principles of the protection of investors or the public SR–CHX–2016–19. This file number
trade, to foster cooperation and interest; (ii) impose any significant should be included on the subject line
coordination with persons engaged in burden on competition; and (iii) by its if email is used. To help the
facilitating transactions in securities, to terms, become operative for 30 days Commission process and review your
remove impediments to and perfect the from the date on which it was filed, or comments more efficiently, please use
mechanism of a free and open market such shorter time as the Commission only one method. The Commission will
and a national market system and, in may designate if consistent with the post all comments on the Commission’s
general, to protect investors and the protection of investors and the public Internet Web site (http://www.sec.gov/
public interest. interest. rules/sro.shtml). Copies of the
The Exchange believes that this A proposed rule change filed under submission, all subsequent
proposal is consistent with the Act Rule 19b–4(f)(6) 57 normally does not amendments, all written statements
because it implements, interprets, and become operative prior to 30 days after with respect to the proposed rule
clarifies the provisions of the Plan and the date of the filing. However, pursuant change that are filed with the
CHX Rules, and is designed to assist the to Rule 19b–4(f)(6)(iii),58 the Commission, and all written
Exchange and CHX Participants in Commission may designate a shorter communications relating to the
meeting regulatory obligations pursuant time if such action is consistent with the proposed rule changes between the
to the Plan. In approving the Plan, the protection of investors and the public Commission and any person, other than
SEC noted that the Pilot was an interest. The Exchange has asked the those that may be withheld from the
appropriate, data-driven test that was Commission to waive the 30-day public in accordance with the
designed to evaluate the impact of a operative delay so that so that the provisions of 5 U.S.C. 552, will be
wider tick size on trading, liquidity, and proposed rule change can become available for Web site viewing and
the market quality of securities of operative on September 30, 2016. printing in the Commission’s Public
smaller capitalization companies, and The Commission believes that Reference Room, 100 F Street NE.,
was therefore in furtherance of the waiving the 30-day operative delay is Washington, DC 20549 on official
purposes of the Act. To the extent that consistent with the protection of business days between the hours of
this proposal implements, interprets, investors and the public interest 10:00 a.m. and 3:00 p.m. Copies of the
and clarifies the Plan and applies because it will allow the Exchange to filing also will be available for
specific requirements to CHX implement the proposed rules inspection and copying at the principal
Participants, the Exchange believes that immediately thereby preventing delays office of the CHX. All comments
this proposal is in furtherance of the in the implementation of the Plan. The received will be posted without change;
objectives of the Plan, as identified by Commission notes that the Plan is the Commission does not edit personal
the SEC, and is therefore consistent with scheduled to start on October 3, 2016. identifying information from
the Act. Therefore, the Commission hereby submissions. You should submit only
B. Self-Regulatory Organization’s waives the 30-day operative delay and information that you wish to make
Statement of Burden on Competition designates the proposed rule change to available publicly. All submissions
be operative upon filing with the should refer to File No. SR–CHX–2016–
The Exchange does not believe that Commission.59 19 and should be submitted on or before
the proposed rule change will result in October 28, 2016.
any burden on competition that is not IV. Solicitation of Comments
For the Commission, by the Division of
necessary or appropriate in furtherance Interested persons are invited to Trading and Markets, pursuant to delegated
of the purposes of the Act. The submit written data, views and authority.60
Exchange notes that the proposed rule arguments concerning the foregoing, Robert W. Errett,
change implements the provisions of the including whether the proposal is Deputy Secretary.
Plan, and is designed to assist the consistent with the Act. Comments may
Exchange in meeting its regulatory [FR Doc. 2016–24281 Filed 10–6–16; 8:45 am]
be submitted by any of the following
obligations pursuant to the Plan. The methods:
BILLING CODE 8011–01–P

Exchange also notes that the quoting
and trading requirements of the Plan Electronic Comments
will apply equally to all CHX SECURITIES AND EXCHANGE
• Use the Commission’s Internet COMMISSION
Participants that trade Pilot Securities. comment form (http://www.sec.gov/
C. Self-Regulatory Organization’s rules/sro.shtml); or [Release No. 34–79024; File No. SR–Phlx–
• Send an email to rule-comments@ 2016–79]
Statement on Comments Regarding the
Proposed Rule Changes Received From sec.gov. Please include File No. SR– Self-Regulatory Organizations;
Members, Participants or Others CHX–2016–19 on the subject line. NASDAQ PHLX LLC; Notice of
No written comments were either Paper Comments Designation of a Longer Period for
solicited or received. Commission Action on a Proposed
• Send paper comments in triplicate
Rule Change To Amend Rule 1017,
III. Date of Effectiveness of the to Brent J. Fields, Secretary, Securities
Openings in Options
Proposed Rule Changes and Timing for and Exchange Commission, 100 F Street
Commission Action NE., Washington, DC 20549–1090. October 3, 2016.
mstockstill on DSK3G9T082PROD with NOTICES

The foregoing rule change has become On August 4, 2016, NASDAQ PHLX
effective pursuant to Section 57 17 CFR 240.19b–4(f)(6). LLC (‘‘Exchange’’) filed with the
58 17 CFR 240.19b–4(f)(6)(iii).
19(b)(3)(A) 55 of the Act and Rule 19b– Securities and Exchange Commission
59 For purposes only of waiving the operative
4(f)(6) 56 thereunder because the (‘‘Commission’’), pursuant to Section
delay for this proposal, the Commission has
considered the proposed rule’s impact on 19(b)(1) of the Securities Exchange Act
55 15 U.S.C. 78s(b)(3)(A). efficiency, competition, and capital formation. See
56 17 CFR 240.19b–4(f)(6). 15 U.S.C. 78c(f). 60 17 CFR 200.30–3(a)(12).

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Document Created: 2018-02-13 16:32:05
Document Modified: 2018-02-13 16:32:05

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		81 FR 69892