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)

[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