Document ID: SEC-2017-0145-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Investors Exchange, LLC
Posted Date: 2017-02-02T05:00Z

[Federal Register Volume 82, Number 21 (Thursday, February 2, 2017)]
[Notices]
[Page 9083]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-02186]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-79883; File No. SR-IEX-2016-18]

Self-Regulatory Organizations; Investors Exchange LLC; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change To: (i) Amend Rules 11.190(a)(3) and 11.190(b)(8) To Modify the 
Operation of the Primary Peg Order Type; (ii) Amend Rule 
11.190(h)(3)(C)(ii) and (D)(ii) Regarding Price Sliding in Locked and 
Crossed Markets To Simplify the Price Sliding Process for Both Primary 
Peg Orders and Discretionary Peg Orders Resting on or Posting to the 
Order Book; and (iii) Make Minor Housekeeping Changes To Conform 
Certain Terminology

January 26, 2017.

    On November 29, 2016, the Investors 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 
to: (i) Amend IEX Rules (``Rule(s)'') 11.190(a)(3) and 11.190(b)(8) to 
modify the operation of the primary peg order type; (ii) amend Rule 
11.190(h)(3)(C)(ii) and (D)(ii) regarding price sliding in locked and 
crossed markets to modify the price sliding process for both primary 
peg orders and discretionary peg orders resting on or posting to the 
order book; and (iii) make minor housekeeping changes to conform 
certain terminology. The proposed rule change was published for comment 
in the Federal Register on December 13, 2016.\3\ The Commission 
received no comment letters on the proposed rule change.
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    \1\ 15 U.S.C. 78(s)(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 79502 (December 7, 
2016), 81 FR 90035 (December 13, 2016).
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    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 the proposed rule change should be disapproved. The 
45th day after publication of the notice for this proposed rule change 
is January 27, 2017. The Commission is extending this 45-day time 
period.
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    \4\ 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 as to allow 
sufficient time to consider the issues raised by the proposal. 
Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates March 13, 2017, as the date by which the Commission 
shall either approve or disapprove, or institute proceedings to 
determine whether to disapprove, the proposed rule change (File No. SR-
IEX-2016-18).
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    \5\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(31).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-02186 Filed 2-1-17; 8:45 am]
 BILLING CODE 8011-01-P