Document ID: SEC-2016-2287-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: BOX Options Exchange LLC
Posted Date: 2016-12-27T05:00Z

[Federal Register Volume 81, Number 248 (Tuesday, December 27, 2016)]
[Notices]
[Page 95206]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-31105]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-79613; File No. SR-BOX-2016-50]

Self-Regulatory Organizations; BOX Options Exchange LLC; Notice 
of Designation of Longer Period for Commission Action on Proposed Rule 
Change To Amend Rule 5050 Series of Options Contracts Open for Trading 
To Provide for the Listing and Trading on the Exchange of RealDay\TM\ 
Options Pursuant to a Pilot Program

December 20, 2016.
    On October 26, 2016, BOX Options Exchange LLC (``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 provide for 
the listing and trading on the Exchange of RealDay\TM\ Options pursuant 
to a pilot program. The proposed rule change was published for comment 
in the Federal Register on November 15, 2016.\3\ The Commission has 
received one comment letter on the proposal.\4\
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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. 79258 (November 8, 
2016), 81 FR 80125.
    \4\ See Letter from Edward T. Tilly, Chief Executive Officer, 
Chicago Board Options Exchange, Incorporated, to Brent J. Fields, 
Secretary, Commission, dated December 6, 2016, available at https://www.sec.gov/comments/sr-box-2016-50/box201650-1.pdf.
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    Section 19(b)(2) of the Act \5\ 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 December 30, 2016.
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    \5\ 15 U.S.C. 78s(b)(2).
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    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) of the Act \6\ and for 
the reasons stated above, the Commission designates February 13, 2017, 
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-BOX-2016-50).
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    \6\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
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    \7\ 17 CFR 200.30-3(a)(31).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2016-31105 Filed 12-23-16; 8:45 am]
 BILLING CODE 8011-01-P