Document ID: SEC-2013-2254-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: NASDAQ OMX PHLX LLC
Posted Date: 2013-12-30T05:00Z

[Federal Register Volume 78, Number 250 (Monday, December 30, 2013)]
[Notices]
[Page 79534]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-31132]

[[Page 79534]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-71177; File No. SR-Phlx-2013-106]

Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change To Amend Rules 1064 and 1080 to More Specifically Address the 
Number and Size of Counterparties to a Qualified Contingent Cross Order

December 23, 2013.
    On October 23, 2013, 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 
amend Rules 1064 and 1080 to more specifically address the number and 
size of counterparties to a Qualified Contingent Cross Order (``QCC 
Order''). The proposed rule change was published for comment in the 
Federal Register on November 13, 2013.\3\ The Commission received two 
comment letters on this 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. 70821 (November 6, 
2013), 78 FR 68126.
    \4\ See letters to Elizabeth M. Murphy, Secretary, Commission, 
from Benjamin R. Londergan, Chief Executive Officer, Group One 
Trading, L.P., dated December 2, 2013 (``Group One Letter'') and 
Angelo Evangelou, Associate General Counsel, Chicago Board Options 
Exchange Incorporated, dated December 13, 2013 (``CBOE Letter'') 
(collectively, the ``Comment Letters'').
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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 28, 2013. The Commission is 
extending this 45-day time period.
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    \5\ 15 U.S.C. 78s(b)(2).
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    The Commission finds it appropriate to designate a longer period 
within which to take action on the proposed rule change, so that it has 
sufficient time to consider this proposed rule change, including the 
Comment Letters that have been submitted in connection with this 
proposed rule change.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\6\ designates February 11, 2013, 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-2013-106).
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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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Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-31132 Filed 12-27-13; 8:45 am]
BILLING CODE 8011-01-P