83 FR 60519 - Self-Regulatory Organizations; NYSE American LLC; Notice of Designation of Longer Period for Commission Action on a Proposed Rule Change To Allow Flexible Exchange Equity Options Where the Underlying Security Is an Exchange-Traded Fund That Is Included in the Option Penny Pilot To Be Settled in Cash

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 227 (November 26, 2018)

[Federal Register Volume 83, Number 227 (Monday, November 26, 2018)]
[Notices]
[Pages 60519-60520]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-25595]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-84616; File No. SR-NYSEAMER-2018-39]


Self-Regulatory Organizations; NYSE American LLC; Notice of 
Designation of Longer Period for Commission Action on a Proposed Rule 
Change To Allow Flexible Exchange Equity Options Where the Underlying 
Security Is an Exchange-Traded Fund That Is Included in the Option 
Penny Pilot To Be Settled in Cash

November 19, 2018.
    On September 20, 2018, NYSE American LLC (``NYSE American'' or 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 modify the rules related to Flexible Exchange 
(``FLEX'') Options to allow FLEX Equity Options where the underlying 
security is an Exchange-Traded Fund that is included in the Option 
Penny Pilot to be settled in cash. The proposed rule change was 
published for comment in the Federal

[[Page 60520]]

Register on October 11, 2018.\3\ No comments have been received on 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. 84364 (October 4, 
2018), 83 FR 51535 (October 11, 2018).
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    Section 19(b)(2) of the Act \4\ provides that, within 45 days of 
the publication of the 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 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 November 25, 2018. The Commission is extending this 45-day 
time period.
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    \4\ 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. 
Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates January 9, 2019, as the date by which the Commission 
should approve, disapprove, or institute proceedings to determine 
whether to disapprove the proposed rule change (File No. SR-NYSEAMER-
2018-39).
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    \5\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
Eduardo A. Aleman,
Assistant Secretary.
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    \6\ 17 CFR 200.30-3(a)(31).
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[FR Doc. 2018-25595 Filed 11-23-18; 8:45 am]
 BILLING CODE 8011-01-P