82 FR 6673 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1, To Amend CBOE Rule 6.53C

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 12 (January 19, 2017)

[Federal Register Volume 82, Number 12 (Thursday, January 19, 2017)]
[Notices]
[Page 6673]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-01154]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-79783; File No. SR-CBOE-2016-080]


Self-Regulatory Organizations; Chicago Board Options Exchange, 
Incorporated; Notice of Designation of a Longer Period for Commission 
Action on a Proposed Rule Change, as Modified by Amendment No. 1, To 
Amend CBOE Rule 6.53C

January 12, 2017.
    On November 17, 2016, Chicago Board Options Exchange, Incorporated 
(``CBOE'' or ``Exchange'') 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 CBOE Rule 6.53C to allow 
complex orders in Hybrid 3.0 classes consisting of series in the group 
authorized for trading on the Hybrid 3.0 Platform and series in the 
group authorized for trading on the Hybrid Trading System to be 
executed electronically. The proposed rule change was published for 
comment in the Federal Register on December 2, 2016.\3\ On December 30, 
2016, CBOE filed Amendment No. 1 to the proposal. The Commission has 
received no comments regarding 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. 79406 (November 28, 
2016), 81 FR 87102.
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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 January 16, 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 and 
take action on the proposed rule change, as modified by Amendment No. 
1. Accordingly, pursuant to Section 19(b)(2)(A)(ii)(I) of the Act,\5\ 
the Commission designates March 2, 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 Number SR-CBOE-2016-080), as modified by Amendment No. 1.
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    \5\ 15 U.S.C. 78s(b)(2)(A)(ii)(I).
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    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).

Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-01154 Filed 1-18-17; 8:45 am]
 BILLING CODE 8011-01-P