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, as Modified by Amendment Nos. 1 and 2 Thereto, To Adopt Rules for an Open-Outcry Trading Floor, 23935 [2017-10587]
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Federal Register / Vol. 82, No. 99 / Wednesday, May 24, 2017 / Notices
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–80719; File No. SR–BOX–
2016–48]
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,
as Modified by Amendment Nos. 1 and
2 Thereto, To Adopt Rules for an OpenOutcry Trading Floor
May 18, 2017.
On November 16, 2016, 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 for an open-outcry
trading floor. The proposed rule change
was published for comment in the
Federal Register on December 05,
2016.3 The Commission received three
comment letters in response to the
publication of the Notice.4 On January
10, 2017, the Commission extended the
time 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 to March 05, 2017.5 On
February 21, 2017, the Commission
received a response letter from the
Exchange, as well as Amendment No. 1
to the proposed rule change.6 On March
1, 2017, the Commission instituted
proceedings to determine whether to
approve or disapprove the proposed
rule change, as modified by Amendment
No. 1.7 In response to the OIP, the
Commission received five additional
comment letters.8 On May 17, 2017, the
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 79421
(November 29, 2016), 81 FR 87607 (‘‘Notice’’).
4 See letters to Brent J. Fields, Secretary,
Commission, from Angelo Evangelou, Deputy
General Counsel, The Chicago Board Options
Exchange, Inc. (‘‘CBOE’’), dated January 10, 2017;
Steve Crutchfield, Head of Market Structure, CTC
Trading Group, LLC (‘‘CTC Trading’’), dated
December 31, 2016; and Joan C. Conley, Senior Vice
President and Corporate Secretary, The Nasdaq
Stock Market LLC (‘‘Nasdaq’’), dated December 22,
2016.
5 See Securities Exchange Act Release No. 79768,
82 FR 4956 (January 17, 2017).
6 See letter to Brent J. Fields, Secretary,
Commission, from Lisa J. Fall, President, Exchange,
received February 21, 2017, and Amendment No. 1,
dated February 21, 2017.
7 See Securities Exchange Act Release No. 80134,
82 FR 12864 (March 7, 2017) (‘‘OIP’’).
8 See letters to Brent J. Fields, Secretary,
Commission, from Angelo Evangelou, Deputy
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2 17
VerDate Sep<11>2014
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Jkt 241001
Exchange filed Amendment No. 2 to the
proposed rule change, which replaced
and superseded the original filing, as
modified by Amendment No. 1, in its
entirety.9
Section 19(b)(2) of the Act 10 provides
that, after initiating proceedings, the
Commission shall issue an order
approving or disapproving the proposed
rule change not later than 180 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. The proposed rule
change was published for notice and
comment in the Federal Register on
December 05, 2016.11 June 3, 2017 is
180 days from that date, and August 2,
2017 is 240 days from that date.
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, as modified
by Amendment Nos. 1 and 2, the issues
raised in the comment letters that have
been submitted in connection therewith,
and the Exchange’s Response to
comments. Accordingly, the
Commission, pursuant to Section
19(b)(2) of the Act,12 designates August
2, 2017 as the date by which the
Commission should either approve or
disapprove the proposed rule change, as
modified by Amendment Nos. 1 and 2
(File No SR–BOX–2016–48).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.13
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017–10587 Filed 5–23–17; 8:45 am]
BILLING CODE 8011–01–P
General Counsel, CBOE, dated April 21, 2017; Steve
Crutchfield, Head of Market Structure, CTC
Trading, dated April 13, 2017; John Kinahan, CEO,
Group One Trading, LP, dated April 11, 2017;
Elizabeth King, General Counsel and Corporate
Secretary, New York Stock Exchange, dated March
28, 2017; and Joan C. Conley, Senior Vice President
and Corporate Secretary, Nasdaq, dated March 27,
2017.
9 See Amendment No. 2, dated May 17, 2017,
which is being published for notice and comment.
See Securities Exchange Act Release No. 80720
(May 18, 2017).
10 15 U.S.C. 78s(b)(2).
11 See Notice, supra note 3.
12 15 U.S.C. 78s(b)(2).
13 17 CFR 200.30–3(a)(57).
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23935
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–80725; File No. SR–PHLX–
2017–37]
Self-Regulatory Organizations;
NASDAQ PHLX LLC; Notice of Filing
and Immediate Effectiveness of
Proposed Rule Change To Amend the
Exchange’s Pricing Schedule at
Section XIV
May 18, 2017.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (‘‘Act’’
or ‘‘Exchange Act’’),1 and Rule 19b–4
thereunder,2 notice is hereby given that
on May 12, 2017, NASDAQ PHLX LLC
(‘‘Phlx’’ or ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘SEC’’ or ‘‘Commission’’) the proposed
rule change as described in Items I, II,
and III below, which Items have been
prepared by the Exchange.3 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 adopt a fee
schedule to establish the fees for
Industry Members related to the
National Market System Plan Governing
the Consolidated Audit Trail (the ‘‘CAT
NMS Plan’’ or ‘‘Plan’’) at Section XIV of
the Phlx Pricing Schedule.
The text of the proposed rule change
is available on the Exchange’s Web site
at https://nasdaqphlx.cchwallstreet
.com/, at the principal office of the
Exchange, and at the Commission’s
Public Reference Room.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, the
Exchange included statements
concerning the purpose of and basis for
the proposed rule change and discussed
any comments it received on the
proposed rule change. The text of these
statements may be examined at the
places specified in Item IV below. The
Exchange has prepared summaries, set
forth in sections A, B, and C below, of
the most significant aspects of such
statements.
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 The Exchange originally filed the proposed rule
change on May 3, 2017 under File No. SR–PHLX–
2017–35. The Exchange subsequently withdrew that
filing on May 12, 2017 and filed this proposed rule
change.
2 17
E:\FR\FM\24MYN1.SGM
24MYN1
]]>Agencies
[Federal Register Volume 82, Number 99 (Wednesday, May 24, 2017)]
[Notices]
[Page 23935]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-10587]
[[Page 23935]]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-80719; File No. SR-BOX-2016-48]
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, as
Modified by Amendment Nos. 1 and 2 Thereto, To Adopt Rules for an Open-
Outcry Trading Floor
May 18, 2017.
On November 16, 2016, 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 for an open-outcry trading floor. The proposed rule change
was published for comment in the Federal Register on December 05,
2016.\3\ The Commission received three comment letters in response to
the publication of the Notice.\4\ On January 10, 2017, the Commission
extended the time 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
to March 05, 2017.\5\ On February 21, 2017, the Commission received a
response letter from the Exchange, as well as Amendment No. 1 to the
proposed rule change.\6\ On March 1, 2017, the Commission instituted
proceedings to determine whether to approve or disapprove the proposed
rule change, as modified by Amendment No. 1.\7\ In response to the OIP,
the Commission received five additional comment letters.\8\ On May 17,
2017, the Exchange filed Amendment No. 2 to the proposed rule change,
which replaced and superseded the original filing, as modified by
Amendment No. 1, in its entirety.\9\
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 79421 (November 29,
2016), 81 FR 87607 (``Notice'').
\4\ See letters to Brent J. Fields, Secretary, Commission, from
Angelo Evangelou, Deputy General Counsel, The Chicago Board Options
Exchange, Inc. (``CBOE''), dated January 10, 2017; Steve
Crutchfield, Head of Market Structure, CTC Trading Group, LLC (``CTC
Trading''), dated December 31, 2016; and Joan C. Conley, Senior Vice
President and Corporate Secretary, The Nasdaq Stock Market LLC
(``Nasdaq''), dated December 22, 2016.
\5\ See Securities Exchange Act Release No. 79768, 82 FR 4956
(January 17, 2017).
\6\ See letter to Brent J. Fields, Secretary, Commission, from
Lisa J. Fall, President, Exchange, received February 21, 2017, and
Amendment No. 1, dated February 21, 2017.
\7\ See Securities Exchange Act Release No. 80134, 82 FR 12864
(March 7, 2017) (``OIP'').
\8\ See letters to Brent J. Fields, Secretary, Commission, from
Angelo Evangelou, Deputy General Counsel, CBOE, dated April 21,
2017; Steve Crutchfield, Head of Market Structure, CTC Trading,
dated April 13, 2017; John Kinahan, CEO, Group One Trading, LP,
dated April 11, 2017; Elizabeth King, General Counsel and Corporate
Secretary, New York Stock Exchange, dated March 28, 2017; and Joan
C. Conley, Senior Vice President and Corporate Secretary, Nasdaq,
dated March 27, 2017.
\9\ See Amendment No. 2, dated May 17, 2017, which is being
published for notice and comment. See Securities Exchange Act
Release No. 80720 (May 18, 2017).
---------------------------------------------------------------------------
Section 19(b)(2) of the Act \10\ provides that, after initiating
proceedings, the Commission shall issue an order approving or
disapproving the proposed rule change not later than 180 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. The proposed rule
change was published for notice and comment in the Federal Register on
December 05, 2016.\11\ June 3, 2017 is 180 days from that date, and
August 2, 2017 is 240 days from that date.
---------------------------------------------------------------------------
\10\ 15 U.S.C. 78s(b)(2).
\11\ See Notice, supra note 3.
---------------------------------------------------------------------------
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, as modified by Amendment Nos. 1 and 2, the issues raised
in the comment letters that have been submitted in connection
therewith, and the Exchange's Response to comments. Accordingly, the
Commission, pursuant to Section 19(b)(2) of the Act,\12\ designates
August 2, 2017 as the date by which the Commission should either
approve or disapprove the proposed rule change, as modified by
Amendment Nos. 1 and 2 (File No SR-BOX-2016-48).
---------------------------------------------------------------------------
\12\ 15 U.S.C. 78s(b)(2).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\13\
---------------------------------------------------------------------------
\13\ 17 CFR 200.30-3(a)(57).
---------------------------------------------------------------------------
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-10587 Filed 5-23-17; 8:45 am]
BILLING CODE 8011-01-P
