Self-Regulatory Organizations; NYSE Amex LLC; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change Amending Commentary .07 to NYSE Amex Options Rule 904 To Eliminate Position Limits for Options on the SPDR® S&P 500® Exchange-Traded Fund Which List and Trade Under the Symbol SPY, 39547 [2012-16218]

Download as PDF Federal Register / Vol. 77, No. 128 / Tuesday, July 3, 2012 / Notices subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s Internet Web site (https://www.sec.gov/ rules/sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for Web site viewing and printing in the Commission’s Public Reference Room, 100 F Street NE., Washington, DC 20549, on official business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of the filing also will be available for inspection and copying at the principal office of the Exchange. All comments received will be posted without change; the Commission does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR–ISE– 2012–58 and should be submitted on or before July 24, 2012. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.7 Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2012–16222 Filed 7–2–12; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–67278; File No. SR– NYSEAmex–2012–29] srobinson on DSK4SPTVN1PROD with NOTICES Self-Regulatory Organizations; NYSE Amex LLC; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change Amending Commentary .07 to NYSE Amex Options Rule 904 To Eliminate Position Limits for Options on the SPDR® S&P 500® Exchange-Traded Fund Which List and Trade Under the Symbol SPY June 27, 2012. On May 2, 2012, NYSE Amex LLC (‘‘NYSE Amex’’ or ‘‘Exchange’’) 1 filed 7 17 CFR 200.30–3(a)(12). Amex now is known as ‘‘NYSEMKT.’’ The proposed rule change to which this notice relates, however, was submitted before the name change was implemented. 1 NYSE VerDate Mar<15>2010 16:27 Jul 02, 2012 Jkt 226001 with the Securities and Exchange Commission (‘‘Commission’’), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the ‘‘Act’’) 2 and Rule 19b–4 thereunder,3 a proposed rule change to eliminate position limits for options on the SPDR® S&P 500® exchange-traded fund (‘‘SPY ETF’’),4 which list and trade under the symbol SPY. The proposed rule change was published for comment in the Federal Register on May 18, 2012.5 The Commission received no comments on the proposal. Section 19(b)(2) of the Act 6 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 2, 2012. The Commission is extending this 45-day time period. 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 proposal. Currently, Commentary .07 to NYSE Amex Options Rule 904 imposes a position limit for SPY options of 900,000 contracts on the same side of the market. The proposal would amend Commentary .07 to NYSE Amex Options Rule 904 to eliminate position limits for SPY options. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,7 designates August 16, 2012, as the date by which the Commission should either approve or disapprove or institute proceedings to determine whether to disapprove the proposed rule change. U.S.C. 78s(b)(1). CFR 240.19b–4. 4 ‘‘SPDR®,’’ ‘‘Standard & Poor’s®,’’ ‘‘S&P®,’’ ‘‘S&P 500®,’’ and ‘‘Standard & Poor’s 500’’ are registered trademarks of Standard & Poor’s Financial Services LLC. The SPY ETF represents ownership in the SPDR S&P 500 Trust, a unit investment trust that generally corresponds to the price and yield performance of the SPDR S&P 500 Index. 5 See Securities Exchange Act Release No. 66984 (May 14, 2012), 77 FR 29721 (May 18, 2012) (‘‘Notice’’). 6 15 U.S.C. 78s(b)(2). 7 15 U.S.C. 78s(b)(2). PO 00000 2 15 3 17 Frm 00085 Fmt 4703 Sfmt 4703 39547 For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.8 Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2012–16218 Filed 7–2–12; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–67273; File No. SR–BOX– 2012–008] Self-Regulatory Organizations; BOX Options Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule To Amend the BOX Options Exchange LLC Limited Liability Company Agreement and the BOX Holdings Group LLC Limited Liability Company Agreement June 27, 2012. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on June 21, 2012, BOX Options Exchange LLC (the ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change as described in Items I and II below, which Items have been prepared by the self-regulatory organization. The Exchange filed the proposed rule change pursuant to Section 19(b)(3)(A) of the Act,3 and Rule 19b–4(f)(6) thereunder,4 which renders the proposal effective upon filing with the Commission. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend each of the Limited Liability Company Agreement of the Exchange (the ‘‘Exchange LLC Agreement’’) and the Limited Liability Company Agreement (the ‘‘BOX Holdings LLC Agreement’’) of BOX Holdings Group LLC (‘‘BOX Holdings’’), in connection with the proposed acquisition of TMX Group Inc., a company incorporated in Ontario, Canada (‘‘TMX Group’’) by Maple Group Acquisition Corporation, a company incorporated in Ontario, Canada (‘‘Maple’’). The text of the proposed rule change is available from the principal office of the Exchange, at 8 17 CFR 200.30–3(a)(31). U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 3 15 U.S.C. 78s(b)(3)(A). 4 17 CFR 240.19b–4(f)(6). 1 15 E:\FR\FM\03JYN1.SGM 03JYN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 77, Number 128 (Tuesday, July 3, 2012)]
[Notices]
[Page 39547]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-16218]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-67278; File No. SR-NYSEAmex-2012-29]


Self-Regulatory Organizations; NYSE Amex LLC; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change Amending Commentary .07 to NYSE Amex Options Rule 904 To 
Eliminate Position Limits for Options on the SPDR[supreg] S&P 
500[supreg] Exchange-Traded Fund Which List and Trade Under the Symbol 
SPY

June 27, 2012.
    On May 2, 2012, NYSE Amex LLC (``NYSE Amex'' or ``Exchange'') \1\ 
filed with the Securities and Exchange Commission (``Commission''), 
pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 
(the ``Act'') \2\ and Rule 19b-4 thereunder,\3\ a proposed rule change 
to eliminate position limits for options on the SPDR[supreg] S&P 
500[supreg] exchange-traded fund (``SPY ETF''),\4\ which list and trade 
under the symbol SPY. The proposed rule change was published for 
comment in the Federal Register on May 18, 2012.\5\ The Commission 
received no comments on the proposal.
---------------------------------------------------------------------------

    \1\ NYSE Amex now is known as ``NYSEMKT.'' The proposed rule 
change to which this notice relates, however, was submitted before 
the name change was implemented.
    \2\ 15 U.S.C. 78s(b)(1).
    \3\ 17 CFR 240.19b-4.
    \4\ ``SPDR[supreg],'' ``Standard & Poor's[supreg],'' 
``S&P[supreg],'' ``S&P 500[supreg],'' and ``Standard & Poor's 500'' 
are registered trademarks of Standard & Poor's Financial Services 
LLC. The SPY ETF represents ownership in the SPDR S&P 500 Trust, a 
unit investment trust that generally corresponds to the price and 
yield performance of the SPDR S&P 500 Index.
    \5\ See Securities Exchange Act Release No. 66984 (May 14, 
2012), 77 FR 29721 (May 18, 2012) (``Notice'').
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    Section 19(b)(2) of the Act \6\ 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 2, 2012. The Commission is extending 
this 45-day time period.
---------------------------------------------------------------------------

    \6\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------

    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 proposal. Currently, Commentary 
.07 to NYSE Amex Options Rule 904 imposes a position limit for SPY 
options of 900,000 contracts on the same side of the market. The 
proposal would amend Commentary .07 to NYSE Amex Options Rule 904 to 
eliminate position limits for SPY options.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\7\ designates August 16, 2012, as the date by which the Commission 
should either approve or disapprove or institute proceedings to 
determine whether to disapprove the proposed rule change.
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    \7\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\8\
---------------------------------------------------------------------------

    \8\ 17 CFR 200.30-3(a)(31).
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Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-16218 Filed 7-2-12; 8:45 am]
BILLING CODE 8011-01-P

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