82 FR 48300 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change To Amend Interpretation and Policy .07 of Exchange Rule 4.11, Position Limits, To Increase the Position Limits for Options on Certain ETFs

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 199 (October 17, 2017)

Page Range		48300-48300
FR Document		2017-22390

Federal Register, Volume 82 Issue 199 (Tuesday, October 17, 2017)

[Federal Register Volume 82, Number 199 (Tuesday, October 17, 2017)]
[Notices]
[Page 48300]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-22390]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81853; File No. SR-CBOE-2017-057]


Self-Regulatory Organizations; Chicago Board Options Exchange, 
Incorporated; Notice of Designation of Longer Period for Commission 
Action on Proposed Rule Change To Amend Interpretation and Policy .07 
of Exchange Rule 4.11, Position Limits, To Increase the Position Limits 
for Options on Certain ETFs

October 11, 2017.
    On August 15, 2017, Chicago Board Options Exchange, Incorporated 
(the ``Exchange'' or ``CBOE'') 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 Interpretation and 
Policy .07 of Exchange Rule 4.11, Position Limits, to increase the 
position limits for options on the following exchange traded funds and 
exchange traded notes: iShares China Large-Cap ETF, iShares MSCI EAFE 
ETF, iShares MSCI Emerging Markets ETF, iShares Russell 2000 ETF, 
iShares MSCI Brazil Capped ETF, iShares 20+ Year Treasury Bond Fund 
ETF, iPath S&P 500 VIX Short-Term Futures ETN, PowerShares QQQ Trust, 
and iShares MSCI Japan ETF. The proposed rule change was published for 
comment in the Federal Register on August 31, 2017.\3\ The Commission 
received no comments regarding the proposal.
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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. 81483 (August 25, 
2017), 82 FR 41457.
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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 for this filing is October 15, 2017.
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    \4\ 15 U.S.C. 78s(b)(2).
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    The Commission is extending the 45-day 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 
proposed rule change.
    Accordingly, pursuant to Section 19(b)(2) of the Act \5\ and for 
the reasons stated above, the Commission designates November 29, 2017, 
as the date by which the Commission should either approve or 
disapprove, or institute proceedings to determine whether to 
disapprove, the proposed rule change (File No. SR-CBOE-2017-057).
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    \5\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(31).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-22390 Filed 10-16-17; 8:45 am]
BILLING CODE 8011-01-P

48300 Federal Register / Vol. 82, No. 199 / Tuesday, October 17, 2017 / Notices

• Send an email to rule-comments@ suspension and delisting proceeding thereunder,2 a proposed rule change to
sec.gov. Please include File Number SR– provisions of Section 804 of the Manual, amend Interpretation and Policy .07 of
NYSE–2017–31 on the subject line. and provide a clarification that all Exchange Rule 4.11, Position Limits, to
Subscription Receipts convert into increase the position limits for options
Paper Comments
primary common stock of the issuer. on the following exchange traded funds
• Send paper comments in triplicate The Commission notes that the and exchange traded notes: iShares
to Brent J. Fields, Secretary, Securities revisions in Amendment No. 1 provide China Large-Cap ETF, iShares MSCI
and Exchange Commission, 100 F Street additional clarity and specificity to the EAFE ETF, iShares MSCI Emerging
NE., Washington, DC 20549–1090. proposal and do not raise any novel Markets ETF, iShares Russell 2000 ETF,
All submissions should refer to File regulatory concerns. In addition, the iShares MSCI Brazil Capped ETF,
Number SR–NYSE–2017–31. This file changes to the continued listing iShares 20+ Year Treasury Bond Fund
number should be included on the standards strengthen the proposal and ETF, iPath S&P 500 VIX Short-Term
subject line if email is used. To help the are consistent with investor protection. Futures ETN, PowerShares QQQ Trust,
Commission process and review your Finally, the Commission notes that the and iShares MSCI Japan ETF. The
comments more efficiently, please use majority of the original proposal was not proposed rule change was published for
only one method. The Commission will modified and was subject to a full comment in the Federal Register on
post all comments on the Commission’s notice-and-comment period, and no August 31, 2017.3 The Commission
Internet Web site (http://www.sec.gov/ comments were received. Accordingly, received no comments regarding the
rules/sro.shtml). Copies of the the Commission finds that good cause proposal.
submission, all subsequent exists to approve the proposal, as
amendments, all written statements Section 19(b)(2) of the Act 4 provides
modified by Amendment No. 1, on an that within 45 days of the publication of
with respect to the proposed rule accelerated basis, pursuant to Section
change that are filed with the notice of the filing of a proposed rule
19(b)(2) of the Act.35 change, or within such longer period up
Commission, and all written
communications relating to the VI. Conclusion to 90 days as the Commission may
proposed rule change between the designate if it finds such longer period
It is therefore ordered, pursuant to to be appropriate and publishes its
Commission and any person, other than Section 19(b)(2) of the Act,36 that the
those that may be withheld from the reasons for so finding or as to which the
proposed rule change (SR–NYSE–2017– self-regulatory organization consents,
public in accordance with the 31), as modified by Amendment No. 1
provisions of 5 U.S.C. 552, will be the Commission shall either approve the
thereto, be, and hereby is, approved on proposed rule change, disapprove the
available for Web site viewing and an accelerated basis.
printing in the Commission’s Public proposed rule change, or institute
For the Commission, by the Division of proceedings to determine whether the
Reference Room, 100 F Street NE.,
Trading and Markets, pursuant to delegated proposed rule change should be
Washington, DC 20549, on official authority.37
business days between the hours of disapproved. The 45th day for this filing
Eduardo A. Aleman, is October 15, 2017.
10:00 a.m. and 3:00 p.m. Copies of the
filing will also be available for Assistant Secretary.
The Commission is extending the 45-
inspection and copying at the principal [FR Doc. 2017–22408 Filed 10–16–17; 8:45 am] day time period for Commission action
office of the Exchange. All comments BILLING CODE 8011–01–P on the proposed rule change. The
received will be posted without change; Commission finds that it is appropriate
the Commission does not edit personal to designate a longer period within
identifying information from SECURITIES AND EXCHANGE which to take action on the proposed
submissions. You should submit only COMMISSION rule change so that it has sufficient time
information that you wish to make to consider the proposed rule change.
[Release No. 34–81853; File No. SR–CBOE–
publicly available. All submissions 2017–057] Accordingly, pursuant to Section
should refer to File Number SR–NYSE– 19(b)(2) of the Act 5 and for the reasons
2017–31 and should be submitted on or Self-Regulatory Organizations; stated above, the Commission
before November 7, 2017. Chicago Board Options Exchange, designates November 29, 2017, as the
V. Accelerated Approval of Proposed Incorporated; Notice of Designation of date by which the Commission should
Rule Change, as Modified by Longer Period for Commission Action either approve or disapprove, or
Amendment No. 1 on Proposed Rule Change To Amend institute proceedings to determine
Interpretation and Policy .07 of whether to disapprove, the proposed
The Commission finds good cause to Exchange Rule 4.11, Position Limits,
approve the proposed rule change, as rule change (File No. SR–CBOE–2017–
To Increase the Position Limits for 057).
modified by Amendment No. 1, prior to Options on Certain ETFs
the 30th day after the date of For the Commission, by the Division of
publication of the notice of Amendment October 11, 2017. Trading and Markets, pursuant to delegated
No. 1 in the Federal Register. As noted On August 15, 2017, Chicago Board authority.6
above, in Amendment No. 1, the Options Exchange, Incorporated (the Eduardo A. Aleman,
Exchange amended the original filing to ‘‘Exchange’’ or ‘‘CBOE’’) filed with the Assistant Secretary.
correct an incorrect reference to the Securities and Exchange Commission [FR Doc. 2017–22390 Filed 10–16–17; 8:45 am]
Manual in the purpose section of the
sradovich on DSK3GMQ082PROD with NOTICES

(‘‘Commission’’), pursuant to Section BILLING CODE 8011–01–P
filing, replace the proposed continued 19(b)(1) of the Securities Exchange Act
listing standard of 100 total holders of 1934 (‘‘Act’’) 1 and Rule 19b–4 2 17 CFR 240.19b–4.
with 100 public holders, add two 3 See Securities Exchange Act Release No. 81483
additional continued listing standards— 35 15 U.S.C. 78s(b)(2). (August 25, 2017), 82 FR 41457.
the 100,000 publicly-held shares 36 15 U.S.C. 78s(b)(2). 4 15 U.S.C. 78s(b)(2).

requirement and the 100 public holder 37 17 CFR 200.30–3(a)(12). 5 15 U.S.C. 78s(b)(2).

requirement—to the immediate 1 15 U.S.C. 78s(b)(1). 6 17 CFR 200.30–3(a)(31).

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Document Created: 2017-10-17 01:11:09
Document Modified: 2017-10-17 01:11:09

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		82 FR 48300