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###### Securities and Exchange Commission

          - [Release No. 34-73791; File No. SR-Phlx-2014-66]

                    On October 14, 2014, NASDAQ OMX PHLX LLC (“Phlx” or “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 new Exchange Rule 1081, Solicitation Mechanism, to introduce a new electronic solicitation mechanism pursuant to which a member can electronically submit all-or-none orders of 500 contracts or more (or, in the case of mini options, 5000 contracts or more) the member represents as agent against contra orders the member solicited. The proposed rule change was published for comment in the                     **Federal Register**                     on October 31, 2014.[3]                                          The Commission has received no comment letters on the proposal.                

                    Section 19(b)(2) of the Act [4]                                          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 these proposed rule changes should be disapproved. The 45th day for this filing is December 15, 2014.                

The Commission is extending the 45-day time period for Commission action on the proposed rule change. 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 and take action on the Exchange's proposed rule change.

                    Accordingly, pursuant to Section 19(b)(2)(A)(ii)(I) of the Act [5]                                          and for the reasons stated above, the Commission designates January 29, 2015, as the date by which the Commission should either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change (File No. SR-Phlx-2014-66).                

                        For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.[6] 

Kevin M. O'Neill,

Deputy Secretary.

# Footnotes

1.                             15 U.S.C. 78s(b)(1).                    
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2.                             17 CFR 240.19b-4.                    
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3.                                                     *See*                         Securities Exchange Act Release No. 73441 (October 27, 2014), 79 FR 64862.                    
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4.                             15 U.S.C. 78s(b)(2).                    
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5.                             15 U.S.C. 78s(b)(2)(A)(ii)(I).                    
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6.                                 17 CFR 200.30-3(a)(31).                        
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[FR Doc. 2014-29182 Filed 12-11-14; 8:45 am]

BILLING CODE 8011-01-P