82 FR 17065 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change To Adopt the CHX Liquidity Enhancing Access Delay

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 66 (April 7, 2017)

[Federal Register Volume 82, Number 66 (Friday, April 7, 2017)]
[Notices]
[Pages 17065-17066]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-06911]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-80364; File No. SR-CHX-2017-04]


Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; 
Notice of Designation of a Longer Period for Commission Action on 
Proposed Rule Change To Adopt the CHX Liquidity Enhancing Access Delay

April 3, 2017.
    On February 10, 2017, the Chicago Stock Exchange, Inc. (``CHX'') 
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 
adopt the CHX Liquidity Enhancing Access Delay. The proposed rule 
change was published for comment in the Federal Register on February 
21, 2017.\3\ The Commission has received 9 comments on the proposal, 
including a response from the Exchange.\4\
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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. 80041 (February 14, 
2017), 82 FR 11252.
    \4\ See letters from: (1) Ryan Hitch, Head of Equities Trading, 
XR Securities LLC, dated February 24, 2017; (2) Douglas A. Cifu, 
Chief Executive Officer, Virtu Financial LLC, dated February 27, 
2017; (3) Joanna Mallers, Secretary, FIA Principal Traders Group, 
dated March 13, 2017; (4) Adam Nunes, Head of Business Development, 
Hudson River Trading LLC, dated March 13, 2017; (5) R.T. 
Leuchtkafer, dated March 14, 2017; (6) Stephen John Berger, Managing 
Director, Government & Regulatory Policy, Citadel Securities, dated 
March 14, 2017; (7) Tyler Gellasch, Executive Director, Healthy 
Markets Association, March 17, 2017; (8) Elizabeth K. King, General 
Counsel and Corporate Secretary, New York Stock Exchange, dated 
March 20, 2017; and (9) James G. Ongena, Executive Vice President 
and General Counsel, CHX, dated March 24, 2017. All comments on the 
proposed rule change are available at: https://www.sec.gov/comments/sr-chx-2017-04/chx201704.htm.
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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 after publication of the notice for this proposed rule change 
is April 7, 2017.

[[Page 17066]]

The Commission is extending this 45-day time period.
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    \5\ 15 U.S.C. 78s(b)(2).
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    The Commission finds it appropriate to designate a longer period 
within which to take action on the proposed rule change so that it has 
sufficient time to consider this proposed rule change and the comments. 
Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\6\ designates May 22, 2017, 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 No. SR-
CHX-2017-04).
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    \6\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
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    \7\ 17 CFR 200.30-3(a)(31).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-06911 Filed 4-6-17; 8:45 am]
 BILLING CODE 8011-01-P