83_FR_34775 83 FR 34635 - Self-Regulatory Organizations; BOX Options Exchange LLC; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change To Adopt Rules Governing the Trading of Complex Qualified Contingent Cross and Complex Customer Cross Orders

83 FR 34635 - Self-Regulatory Organizations; BOX Options Exchange LLC; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change To Adopt Rules Governing the Trading of Complex Qualified Contingent Cross and Complex Customer Cross Orders

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 140 (July 20, 2018)

Page Range34635-34635
FR Document2018-15507

Federal Register, Volume 83 Issue 140 (Friday, July 20, 2018) 
[Federal Register Volume 83, Number 140 (Friday, July 20, 2018)]
[Notices]
[Page 34635]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-15507]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-83647; File No. SR-BOX-2018-14]


Self-Regulatory Organizations; BOX Options Exchange LLC; Notice 
of Designation of Longer Period for Commission Action on Proposed Rule 
Change To Adopt Rules Governing the Trading of Complex Qualified 
Contingent Cross and Complex Customer Cross Orders

July 16, 2018.
    On May 22, 2018, BOX Options Exchange LLC (the ``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 adopt rules 
governing the trading of Complex Qualified Contingent Cross and Complex 
Customer Cross Orders. The proposed rule change was published for 
comment in the Federal Register on June 8, 2018.\3\ The Commission has 
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. 83367 (June 4, 
2018), 83 FR 26719.
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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 July 23, 2018.
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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\ the 
Commission designates September 6, 2018, 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-BOX-2018-14).
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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. 2018-15507 Filed 7-19-18; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 83, No. 140 / Friday, July 20, 2018 / Notices 34635 10:00 a.m. and 3:00 p.m. Copies of such self-regulatory organization consents, I. Self-Regulatory Organization’s filing also will be available for the Commission shall either approve the Statement of the Terms of Substance of inspection and copying at the principal proposed rule change, disapprove the the Proposed Rule Change office of the Exchange. All comments proposed rule change, or institute The Exchange proposes to amend ISE received will be posted without change. proceedings to determine whether the Rule 723, entitled ‘‘Price Improvement Persons submitting comments are proposed rule change should be Mechanism for Crossing Transactions.’’ cautioned that we do not redact or edit disapproved. The 45th day for this filing The text of the proposed rule change personal identifying information from is July 23, 2018. is available on the Exchange’s website at comment submissions. You should The Commission is extending the 45- http://ise.cchwallstreet.com/, at the submit only information that you wish day time period for Commission action principal office of the Exchange, and at to make available publicly. All on the proposed rule change. The the Commission’s Public Reference submissions should refer to File Commission finds that it is appropriate Room. Number SR–MRX–2018–24, and should be submitted on or before August 10, to designate a longer period within II. Self-Regulatory Organization’s 2018. which to take action on the proposed Statement of the Purpose of, and For the Commission, by the Division of rule change so that it has sufficient time Statutory Basis for, the Proposed Rule Trading and Markets, pursuant to delegated to consider the proposed rule change. Change authority.23 Accordingly, pursuant to Section In its filing with the Commission, the Eduardo A. Aleman, 19(b)(2) of the Act,5 the Commission Exchange included statements Assistant Secretary. designates September 6, 2018, as the concerning the purpose of and basis for [FR Doc. 2018–15504 Filed 7–19–18; 8:45 am] date by which the Commission should the proposed rule change and discussed BILLING CODE 8011–01–P either approve or disapprove, or any comments it received on the institute proceedings to determine proposed rule change. The text of these whether to disapprove, the proposed statements may be examined at the SECURITIES AND EXCHANGE rule change (File No. SR–BOX–2018– places specified in Item IV below. The COMMISSION 14). Exchange has prepared summaries, set [Release No. 34–83647; File No. SR–BOX– forth in sections A, B, and C below, of For the Commission, by the Division of 2018–14] the most significant aspects of such Trading and Markets, pursuant to delegated authority.6 statements. Self-Regulatory Organizations; BOX Options Exchange LLC; Notice of Eduardo A. Aleman, A. Self-Regulatory Organization’s Designation of Longer Period for Assistant Secretary. Statement of the Purpose of, and Commission Action on Proposed Rule [FR Doc. 2018–15507 Filed 7–19–18; 8:45 am] Statutory Basis for, the Proposed Rule Change To Adopt Rules Governing the Change BILLING CODE 8011–01–P Trading of Complex Qualified 1. Purpose Contingent Cross and Complex ISE proposes to amend ISE Rule 723, Customer Cross Orders SECURITIES AND EXCHANGE entitled ‘‘Price Improvement COMMISSION Mechanism for Crossing Transactions.’’ July 16, 2018. On May 22, 2018, BOX Options Specifically, the Exchange proposes to Exchange LLC (the ‘‘Exchange’’) filed [Release No. 34–83644; File No. SR–ISE– amend Rule 723(c)(2) to expand the with the Securities and Exchange 2018–62] types of Improvement Orders 3 that may Commission (‘‘Commission’’), pursuant be entered into the Price Improvement to Section 19(b)(1) of the Securities Self-Regulatory Organizations; Nasdaq Mechanism or ‘‘PIM.’’ The Exchange Exchange Act of 1934 (‘‘Act’’) 1 and Rule ISE, LLC; Notice of Filing and also proposes to amend Rule 723(d)(1)– 19b–4 thereunder,2 a proposed rule Immediate Effectiveness of Proposed (3) to more specifically clarify terms change to adopt rules governing the Rule Change To Amend ISE Rule 723 such as ‘‘orders’’ and ‘‘responses’’ in trading of Complex Qualified that section. July 16, 2018. Contingent Cross and Complex Background Customer Cross Orders. The proposed Pursuant to Section 19(b)(1) of the rule change was published for comment Securities Exchange Act of 1934 (the ISE received approval to establish its in the Federal Register on June 8, 2018.3 ‘‘Act’’),1 and Rule 19b–4 thereunder,2 PIM in 2004 that would allow an ISE The Commission has received no notice is hereby given that on July 5, Electronic Access Member (‘‘EAM’’) to comments regarding the proposal. 2018, Nasdaq ISE, LLC (‘‘ISE’’ or enter matched trades (‘‘Crossing Section 19(b)(2) of the Act 4 provides ‘‘Exchange’’) filed with the Securities Transactions’’).4 A Crossing Transaction that within 45 days of the publication of and Exchange Commission (‘‘SEC’’ or notice of the filing of a proposed rule ‘‘Commission’’) the proposed rule 3 Rule 723(c)(1) defines an Improvement Order. change, or within such longer period up The Exchange will designate via circular a time of change as described in Items I and II no less than 100 milliseconds and no more than 1 to 90 days as the Commission may below, which Items have been prepared second for Members to indicate the size and price designate if it finds such longer period by the Exchange. The Commission is at which they want to participate in the execution to be appropriate and publishes its publishing this notice to solicit of the Agency Order (‘‘Improvement Orders’’). daltland on DSKBBV9HB2PROD with NOTICES reasons for so finding or as to which the comments on the proposed rule change 4 See Securities Exchange Act Release No. 50819 (December 8, 2004), 69 FR 75093 (December 15, 23 17 from interested persons. 2004) (SR–ISE–2003–06) (Order Granting Approval CFR 200.30–3(a)(12). 1 15 of Proposed Rule Change and Amendment No. 1 U.S.C. 78s(b)(1). Thereto and Notice of Filing and Order Granting 2 17 CFR 240.19b–4. 5 15 U.S.C. 78s(b)(2). 6 17 Accelerated Approval to Amendments No. 2 and 3 3 See Securities Exchange Act Release No. 83367 CFR 200.30–3(a)(31). Thereto by the International Securities Exchange, (June 4, 2018), 83 FR 26719. 1 15 U.S.C. 78s(b)(1). Inc. To Establish Rules Implementing a Price 4 15 U.S.C. 78s(b)(2). 2 17 CFR 240.19b–4. Improvement Mechanism) (‘‘Adopting Filing’’). VerDate Sep<11>2014 18:06 Jul 19, 2018 Jkt 244001 PO 00000 Frm 00100 Fmt 4703 Sfmt 4703 E:\FR\FM\20JYN1.SGM 20JYN1


Document Created: 2018-07-20 01:19:24
Document Modified: 2018-07-20 01:19:24
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation83 FR 34635 
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