Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Designation of Longer Period for Commission Action on a Proposed Rule Change Relating to Adoption of Listing Standards for Compensation Committees and Advisors as Required by Rule 10C-1, 71852 [2012-29240]

Download as PDF 71852 Federal Register / Vol. 77, No. 233 / Tuesday, December 4, 2012 / Notices allow them to make more efficient trading decisions; and (iv) help attract new users and new order flow to the Exchange, thereby improving the Exchange’s ability to compete in the market for options order flow and executions. Allowing the Exchange to bring the Service to the market without delay would provide market participants with the potential benefits of the Service as soon as possible. The Commission believes that waiver of the operative delay is consistent with investor protection and the public interest. Therefore, the Commission is hereby waiving the 30-day operative delay.9 At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act. 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 such filing also will be available for inspection and copying at the principal office of the ISE. 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– 2012–75 and should be submitted on or before December 26, 2012. IV. Solicitation of Comments For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.10 Kevin M. O’Neill, Deputy Secretary. Interested persons are invited to submit written data, views and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: Electronic Comments • Use the Commission’s Internet comment form (https://www.sec.gov/ rules/sro.shtml); or • Send an email to rulecomments@sec.gov. Please include File Number SR–ISE–2012–75 on the subject line. mstockstill on DSK4VPTVN1PROD with Paper Comments • Send paper comments in triplicate to Elizabeth M. Murphy, Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549. All submissions should refer to File Number SR–ISE–2012–75. This file number should be included on the 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 9 For purposes only of waiving the 30-day operative delay, the Commission has considered the proposed rule’s impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). VerDate Mar<15>2010 17:31 Dec 03, 2012 Jkt 229001 [FR Doc. 2012–29218 Filed 12–3–12; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–68311; File No. SR–CHX– 2012–013] Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Designation of Longer Period for Commission Action on a Proposed Rule Change Relating to Adoption of Listing Standards for Compensation Committees and Advisors as Required by Rule 10C–1 Register on October 16, 2012.4 The Commission received no comment letters on this proposal.5 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 from the publication of notice of filing of this proposed rule change is November 30, 2012. The Commission is extending the 45-day time period for Commission action on the proposed rule change. The Commission finds it appropriate to designate a longer period within which to take action on this proposed rule change so that it has sufficient time to consider the proposed rule change, which would revise the rules relating to compensation committee and compensation advisor requirements. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,7 designates January 14, 2013, as the date by which the Commission should either approve or disapprove or institute proceedings to determine whether to disapprove this proposed rule change. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.8 Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2012–29240 Filed 12–3–12; 8:45 am] BILLING CODE 8011–01–P November 28, 2012. I. Introduction On September 26, 2012, Chicago Stock Exchange, Inc. (‘‘CHX’’) filed with the Securities and Exchange Commission (‘‘Commission’’), pursuant to Section 19(b)(1) 1 of the Securities Exchange Act of 1934 (‘‘Act’’),2 and Rule 19b–4 thereunder,3 a proposed rule change to amend certain of its rules relating to listing standards for compensation committees and advisors. The proposed rule change was published for comment in the Federal 10 17 CFR 200.30–3(a)(12). U.S.C. 78s(b)(1). 2 15 U.S.C. 78a. 3 17 CFR 240.19b–4. 1 15 PO 00000 Frm 00081 Fmt 4703 Sfmt 9990 4 See Securities Exchange Act Release No. 68033 (October 10, 2012), 77 FR 63370. (October 16, 2012) (SR–CHX–2012–13). 5 The Commission notes, however, that fourteen comment letters were received in total concerning similar rule changes proposed by other national securities exchanges. See Securities Exchange Act Release No. 68313, (November 28, 2012) (Notice of Designation of Longer Period for Commission Action on Proposed Rule Changes Relating to Adoption of Listing Standards for Compensation Committees and Advisors as Required by Rule 10C– 1 for BATS Exchange, Inc., NASDAQ OMX BX, Inc. Chicago Board Options Exchange, Inc., The NASDAQ Stock Market LLC, New York Stock Exchange LLC, NYSE Arca LLC, and NYSE MKT LLC). 6 15 U.S.C. 78s(b)(2). 7 15 U.S.C. 78s(b)(2). 8 17 CFR 200.30–3(a)(31). E:\FR\FM\04DEN1.SGM 04DEN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 77, Number 233 (Tuesday, December 4, 2012)]
[Notices]
[Page 71852]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-29240]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-68311; File No. SR-CHX-2012-013]


Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; 
Notice of Designation of Longer Period for Commission Action on a 
Proposed Rule Change Relating to Adoption of Listing Standards for 
Compensation Committees and Advisors as Required by Rule 10C-1

 November 28, 2012.

I. Introduction

    On September 26, 2012, Chicago Stock Exchange, Inc. (``CHX'') filed 
with the Securities and Exchange Commission (``Commission''), pursuant 
to Section 19(b)(1) \1\ of the Securities Exchange Act of 1934 
(``Act''),\2\ and Rule 19b-4 thereunder,\3\ a proposed rule change to 
amend certain of its rules relating to listing standards for 
compensation committees and advisors. The proposed rule change was 
published for comment in the Federal Register on October 16, 2012.\4\ 
The Commission received no comment letters on this proposal.\5\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 15 U.S.C. 78a.
    \3\ 17 CFR 240.19b-4.
    \4\ See Securities Exchange Act Release No. 68033 (October 10, 
2012), 77 FR 63370. (October 16, 2012) (SR-CHX-2012-13).
    \5\ The Commission notes, however, that fourteen comment letters 
were received in total concerning similar rule changes proposed by 
other national securities exchanges. See Securities Exchange Act 
Release No. 68313, (November 28, 2012) (Notice of Designation of 
Longer Period for Commission Action on Proposed Rule Changes 
Relating to Adoption of Listing Standards for Compensation 
Committees and Advisors as Required by Rule 10C-1 for BATS Exchange, 
Inc., NASDAQ OMX BX, Inc. Chicago Board Options Exchange, Inc., The 
NASDAQ Stock Market LLC, New York Stock Exchange LLC, NYSE Arca LLC, 
and NYSE MKT LLC).
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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 from the publication of notice of filing of this proposed rule 
change is November 30, 2012. The Commission is extending the 45-day 
time period for Commission action on the proposed rule change.
---------------------------------------------------------------------------

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

    The Commission finds it appropriate to designate a longer period 
within which to take action on this proposed rule change so that it has 
sufficient time to consider the proposed rule change, which would 
revise the rules relating to compensation committee and compensation 
advisor requirements.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\7\ designates January 14, 2013, as the date by which the 
Commission should either approve or disapprove or institute proceedings 
to determine whether to disapprove this 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. 2012-29240 Filed 12-3-12; 8:45 am]
BILLING CODE 8011-01-P

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