83 FR 62395 - Self-Regulatory Organizations; BOX Options Exchange LLC; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To Adopt Rules Governing the Trading of Complex Qualified Contingent Cross Orders and Complex Customer Cross Orders

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 232 (December 3, 2018)

Page Range		62395-62396
FR Document		2018-26139

Federal Register, Volume 83 Issue 232 (Monday, December 3, 2018)

[Federal Register Volume 83, Number 232 (Monday, December 3, 2018)]
[Notices]
[Pages 62395-62396]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-26139]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-84658; File No. SR-BOX-2018-14]


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

November 27, 2018.
    On May 22, 2018, BOX Options Exchange LLC (``BOX'' 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 adopt rules governing the trading of Complex 
Qualified Contingent Cross Orders and Complex Customer Cross Orders. 
The proposed rule change was published for comment in the Federal 
Register on June 8, 2018.\3\ On July 16, 2018, pursuant to Section 
19(b)(2) of the Act,\4\ the Commission designated a longer period 
within which to approve the proposed rule change, disapprove the 
proposed rule change, or institute proceedings to determine whether to 
approve or disapprove the proposed rule change.\5\ On September 5, 
2018, the Commission instituted proceedings under Section 19(b)(2)(B) 
of the Act \6\ to determine whether to approve or disapprove the 
proposed rule change.\7\ The Commission received one comment letter 
from the Exchange in response to the Order Instituting Proceedings.\8\
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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.
    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 83647, 83 FR 34635 
(July 20, 2018). The Commission designated September 6, 2018, as the 
date by which the Commission shall approve or disapprove, or 
institute proceedings to determine whether to approve or disapprove, 
the proposed rule change.
    \6\ 15 U.S.C. 78s(b)(2)(B).
    \7\ See Securities Exchange Act Release No. 84031, 83 FR 46003 
(September 11, 2018) (``Order Instituting Proceedings'').
    \8\ See letter to Brent J. Fields, Secretary, Commission, from 
Alanna Barton, General Counsel, BOX, dated October 12, 2018.
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    Section 19(b)(2) of the Act \9\ provides that, after initiating 
disapproval proceedings, the Commission shall issue an order approving 
or disapproving the proposed rule change not later than 180

[[Page 62396]]

days after the date of publication of notice of filing of the proposed 
rule change. The Commission may extend the period for issuing an order 
approving or disapproving the proposed rule change, however, by not 
more than 60 days if the Commission determines that a longer period is 
appropriate and publishes the reasons for such determination. In this 
case, the proposed rule change was published for notice and comment in 
the Federal Register on June 8, 2018.\10\ December 5, 2018, is 180 days 
from that date, and February 3, 2019, is 240 days from that date.
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    \9\ 15 U.S.C. 78s(b)(2).
    \10\ See supra note 3.
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    The Commission finds it appropriate to designate a longer period 
within which to issue an order approving or disapproving the proposed 
rule change so that it has sufficient time to consider the proposed 
rule change, the issues raised in the Order Instituting Proceedings, 
and the Exchange's response in its comment letter. Accordingly, the 
Commission, pursuant to Section 19(b)(2) of the Act,\11\ designates 
February 3, 2019, as the date by which the Commission shall either 
approve or disapprove the proposed rule change (File No. SR-BOX-2018-
14).
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    \11\ 15 U.S.C. 78s(b)(2).
    \12\ 17 CFR 200.30-3(a)(57).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\12\
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-26139 Filed 11-30-18; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 83, No. 232 / Monday, December 3, 2018 / Notices 62395

Additionally, Members may opt to Paper Comments SECURITIES AND EXCHANGE
disfavor the Exchange’s pricing if they COMMISSION
believe that alternatives offer them • Send paper comments in triplicate
better value or if they view the proposed to Secretary, Securities and Exchange [Release No. 34–84658; File No. SR–BOX–
fee as excessive. The Exchange also Commission, 100 F Street NE, 2018–14]
notes the proposed changes to the Washington, DC 20549–1090.
Self-Regulatory Organizations; BOX
EDGA-related routing fees are meant to All submissions should refer to File Options Exchange LLC; Notice of
pass through the fees and rebates Number SR–CboeEDGX–2018–055. This Designation of Longer Period for
associated with executing orders on that file number should be included on the Commission Action on Proceedings To
market, and is therefore not designed to Determine Whether To Approve or
subject line if email is used. To help the
have any significant impact on Disapprove a Proposed Rule Change
Commission process and review your
competition. Further, excessive fees for To Adopt Rules Governing the Trading
participation would serve to impair an comments more efficiently, please use
only one method. The Commission will of Complex Qualified Contingent Cross
exchange’s ability to compete for order Orders and Complex Customer Cross
flow and members rather than post all comments on the Commission’s
internet website (http://www.sec.gov/ Orders
burdening competition.
rules/sro.shtml). Copies of the November 27, 2018.
C. Self-Regulatory Organization’s submission, all subsequent
Statement on Comments on the On May 22, 2018, BOX Options
amendments, all written statements Exchange LLC (‘‘BOX’’ or the
Proposed Rule Change Received From with respect to the proposed rule
Members, Participants, or Others ‘‘Exchange’’) filed with the Securities
change that are filed with the and Exchange Commission
The Exchange has not solicited, and Commission, and all written (‘‘Commission’’), pursuant to Section
does not intend to solicit, comments on communications relating to the 19(b)(1) of the Securities Exchange Act
this proposed rule change. The proposed rule change between the of 1934 (‘‘Act’’) 1 and Rule 19b–4
Exchange has not received any written Commission and any person, other than thereunder,2 a proposed rule change to
comments from members or other those that may be withheld from the adopt rules governing the trading of
interested parties. public in accordance with the Complex Qualified Contingent Cross
III. Date of Effectiveness of the provisions of 5 U.S.C. 552, will be Orders and Complex Customer Cross
Proposed Rule Change and Timing for available for website viewing and Orders. The proposed rule change was
Commission Action printing in the Commission’s Public published for comment in the Federal
Reference Room, 100 F Street NE, Register on June 8, 2018.3 On July 16,
The foregoing rule change has become 2018, pursuant to Section 19(b)(2) of the
effective pursuant to Section 19(b)(3)(A) Washington, DC 20549, on official
business days between the hours of Act,4 the Commission designated a
of the Act 7 and paragraph (f) of Rule longer period within which to approve
19b–4 8 thereunder. At any time within 10:00 a.m. and 3:00 p.m. Copies of the
filing also will be available for the proposed rule change, disapprove
60 days of the filing of the proposed rule the proposed rule change, or institute
change, the Commission summarily may inspection and copying at the principal
office of the Exchange. All comments proceedings to determine whether to
temporarily suspend such rule change if approve or disapprove the proposed
it appears to the Commission that such received will be posted without change.
rule change.5 On September 5, 2018, the
action is necessary or appropriate in the Persons submitting comments are
Commission instituted proceedings
public interest, for the protection of cautioned that we do not redact or edit under Section 19(b)(2)(B) of the Act 6 to
investors, or otherwise in furtherance of personal identifying information from determine whether to approve or
the purposes of the Act. If the submissions. You should submit only disapprove the proposed rule change.7
Commission takes such action, the information that you wish to make The Commission received one comment
Commission will institute proceedings available publicly. letter from the Exchange in response to
to determine whether the proposed rule All submissions should refer to File the Order Instituting Proceedings.8
change should be approved or Section 19(b)(2) of the Act 9 provides
Number SR–CboeEDGX–2018–055 and
disapproved. that, after initiating disapproval
should be submitted on or before
IV. Solicitation of Comments December 24, 2018. proceedings, the Commission shall issue
Interested persons are invited to an order approving or disapproving the
For the Commission, by the Division of
submit written data, views, and proposed rule change not later than 180
Trading and Markets, pursuant to delegated
arguments concerning the foregoing, authority.9 1 15 U.S.C. 78s(b)(1).
including whether the proposed rule Eduardo A. Aleman, 2 17 CFR 240.19b–4.
change is consistent with the Act. Assistant Secretary. 3 See Securities Exchange Act Release No. 83367

Comments may be submitted by any of (June 4, 2018), 83 FR 26719.
[FR Doc. 2018–26144 Filed 11–30–18; 8:45 am]
the following methods: 4 15 U.S.C. 78s(b)(2).

BILLING CODE 8011–01–P 5 See Securities Exchange Act Release No. 83647,
Electronic Comments 83 FR 34635 (July 20, 2018). The Commission
designated September 6, 2018, as the date by which
• Use the Commission’s internet the Commission shall approve or disapprove, or
comment form (http://www.sec.gov/ institute proceedings to determine whether to
khammond on DSK30JT082PROD with NOTICES

rules/sro.shtml); or approve or disapprove, the proposed rule change.
• Send an email to rule-comments@ 6 15 U.S.C. 78s(b)(2)(B).
7 See Securities Exchange Act Release No. 84031,
sec.gov. Please include File Number SR–
83 FR 46003 (September 11, 2018) (‘‘Order
CboeEDGX–2018–055 on the subject Instituting Proceedings’’).
line. 8 See letter to Brent J. Fields, Secretary,

Commission, from Alanna Barton, General Counsel,
7 15 U.S.C. 78s(b)(3)(A). BOX, dated October 12, 2018.
8 17 CFR 240.19b–4(f). 9 17 CFR 200.30–3(a)(12). 9 15 U.S.C. 78s(b)(2).

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62396 Federal Register / Vol. 83, No. 232 / Monday, December 3, 2018 / Notices

days after the date of publication of electronic book. The proposed rule Government in the Sunshine Act, Public
notice of filing of the proposed rule change was published for comment in Law 94–409, the Securities and
change. The Commission may extend the Federal Register on October 16, Exchange Commission will hold an
the period for issuing an order 2018.3 On November 20, 2018, C2 filed Open Meeting on Wednesday, December
approving or disapproving the proposed Amendment No. 1 to the proposal.4 The 5, 2018 at 10:00 a.m.
rule change, however, by not more than Commission has received no comment PLACE: The meeting will be held in
60 days if the Commission determines letters regarding the proposed rule Auditorium LL–002 at the
that a longer period is appropriate and change. Commission’s headquarters, 100 F
publishes the reasons for such Section 19(b)(2) of the Act 5 provides Street NE, Washington, DC 20549.
determination. In this case, the that, within 45 days of the publication STATUS: This meeting will begin at 10:00
proposed rule change was published for of notice of the filing of a proposed rule a.m. (ET) and will be open to the public.
notice and comment in the Federal change, or within such longer period up Seating will be on a first-come, first-
Register on June 8, 2018.10 December 5, to 90 days as the Commission may served basis. Visitors will be subject to
2018, is 180 days from that date, and designate if it finds such longer period security checks. The meeting will be
February 3, 2019, is 240 days from that to be appropriate and publishes its webcast on the Commission’s website at
date. reasons for so finding, or as to which the www.sec.gov.
The Commission finds it appropriate self-regulatory organization consents,
MATTERS TO BE CONSIDERED: The subject
to designate a longer period within the Commission shall either approve the
which to issue an order approving or matters of the Open Meeting will be the
proposed rule change, disapprove the
disapproving the proposed rule change Commission’s consideration of:
proposed rule change, or institute • Whether to issue a Request for
so that it has sufficient time to consider proceedings to determine whether the Comment on the nature and content of
the proposed rule change, the issues proposed rule change should be quarterly reports and earnings releases
raised in the Order Instituting disapproved. The 45th day after issued by reporting companies.
Proceedings, and the Exchange’s publication of the notice for this • Whether to adopt Rule of Practice
response in its comment letter. proposed rule change is November 30, 194 pursuant to Section 15F(b)(6) of the
Accordingly, the Commission, pursuant 2018. The Commission is extending this Securities Exchange Act of 1934.
to Section 19(b)(2) of the Act,11 45-day time period. • Whether to propose rules under
designates February 3, 2019, as the date The Commission finds it appropriate Section 15F(i)(2) of the Securities
by which the Commission shall either to designate a longer period within Exchange Act of 1934 that would
approve or disapprove the proposed which to take action on the proposed require security-based swap dealers and
rule change (File No. SR–BOX–2018– rule change so that it has sufficient time major security-based swap participants
14). to consider the proposed rule change. to comply with certain risk mitigation
For the Commission, by the Division of Accordingly, the Commission, pursuant techniques with respect to portfolios of
Trading and Markets, pursuant to delegated to Section 19(b)(2) of the Act,6 security-based swaps not submitted for
authority.12 designates January 14, 2019, as the date clearing to a central counterparty.
Eduardo A. Aleman, by which the Commission shall either At times, changes in Commission
Assistant Secretary. approve or disapprove, or institute priorities require alterations in the
[FR Doc. 2018–26139 Filed 11–30–18; 8:45 am] proceedings to determine whether to scheduling of meeting items.
BILLING CODE 8011–01–P
disapprove, the proposed rule change CONTACT PERSON FOR MORE INFORMATION:
(File No. SR–C2–2018–021). For further information and to ascertain
For the Commission, by the Division of what, if any, matters have been added,
SECURITIES AND EXCHANGE Trading and Markets, pursuant to delegated deleted or postponed; please contact
COMMISSION authority.7 Brent J. Fields from the Office of the
Eduardo A. Aleman, Secretary at (202) 551–5400.
[Release No. 34–84662; File No. SR–C2–
2018–021] Assistant Secretary.
Dated: November 28, 2018.
[FR Doc. 2018–26140 Filed 11–30–18; 8:45 am]
Brent J. Fields,
Self-Regulatory Organizations; Cboe BILLING CODE 8011–01–P
Secretary.
C2 Exchange, Inc.; Notice of
Designation of a Longer Period for [FR Doc. 2018–26277 Filed 11–29–18; 11:15 am]
Commission Action on a Proposed SECURITIES AND EXCHANGE BILLING CODE 8011–01–P

Rule Change To Allow the Post Only COMMISSION
Order Instruction on Complex Orders
Sunshine Act Meetings SMALL BUSINESS ADMINISTRATION
November 27, 2018.
On October 1, 2018, Cboe C2 TIME AND DATE: Notice is hereby given, [Disaster Declaration #15800 and #15801;
pursuant to the provisions of the Hawaii Disaster Number HI–00051]
Exchange, Inc. (‘‘C2’’) filed with the
Securities and Exchange Commission Administrative Declaration of a
3 See Securities Exchange Act Release No. 84399
(‘‘Commission’’), pursuant to Section Disaster for the State of Hawaii
(October 10, 2018), 83 FR 52253.
19(b)(1) of the Securities Exchange Act 4 In Amendment No. 1, C2 added definitions of
of 1934 (‘‘Act’’) 1 and Rule 19b–4 ‘‘Book Only complex order’’ and ‘‘Post Only
AGENCY: U.S. Small Business
thereunder,2 a proposed rule change to complex order,’’ added rule text that further Administration.
khammond on DSK30JT082PROD with NOTICES

allow the Post Only order instruction on describes the handling of Post Only complex orders, ACTION: Notice.
and provided examples demonstrating the
complex orders that route to its operation of Post Only complex orders. The text of SUMMARY: This is a notice of an
Amendment No. 1 is available at https://
10 See supra note 3. www.sec.gov/comments/sr-c2-2018-021/
Administrative declaration of a disaster
11 15 U.S.C. 78s(b)(2). src22018021-4668149-176527.pdf. for the State of Hawaii dated 11/20/
12 17 CFR 200.30–3(a)(57). 5 15 U.S.C. 78s(b)(2). 2018.
1 15 U.S.C. 78s(b)(1). 6 Id. Incident: Hurricane Lane, including
2 17 CFR 240.19b–4. 7 17 CFR 200.30–3(a)(31). Wildfires and Floods.

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Document Created: 2018-12-01 00:57:17
Document Modified: 2018-12-01 00:57:17

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
FR Citation		83 FR 62395