82 FR 9464 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change Related to Rules Regarding the Responsibility for Ensuring Compliance With Open Outcry Priority and Allocation Requirements and Trade-Through Prohibitions

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 23 (February 6, 2017)

[Federal Register Volume 82, Number 23 (Monday, February 6, 2017)]
[Notices]
[Page 9464]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-02378]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-79910; File No. SR-CBOE-2016-082]


Self-Regulatory Organizations; Chicago Board Options Exchange, 
Incorporated; Notice of Designation of a Longer Period for Commission 
Action on a Proposed Rule Change Related to Rules Regarding the 
Responsibility for Ensuring Compliance With Open Outcry Priority and 
Allocation Requirements and Trade-Through Prohibitions

January 31, 2017.
    On December 1, 2016, the Chicago Board Options Exchange, 
Incorporated (``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 regarding responsibilities for 
ensuring compliance with open outcry priority and allocation 
requirements and trade-through prohibitions. The proposed rule change 
was published for comment in the Federal Register on December 19, 
2016.\3\ The Commission received one comment letter on the proposed 
rule change.\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. 79540 (December 13, 
2016), 81 FR 91967.
    \4\ See Letter to Brent J. Fields, Secretary, Commission, from 
Joan C. Conley, Senior Vice President and Corporate Secretary, 
Nasdaq, dated December 22, 2016. The comment letter is available at 
https://www.sec.gov/comments/sr-cboe-2016-082/cboe2016082.shtml.
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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 February 2, 2017. 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 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 and the 
comment letter. Accordingly, the Commission, pursuant to Section 
19(b)(2) of the Act,\6\ designates March 19, 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 Number SR-CBOE-2016-082).
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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. 2017-02378 Filed 2-3-17; 8:45 am]
BILLING CODE 8011-01-P