Document ID: SEC-2014-2097-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: NASDAQ OMX PHLX LLC
Posted Date: 2014-12-12T05:00Z

[Federal Register Volume 79, Number 239 (Friday, December 12, 2014)]
[Notices]
[Page 73924]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-29182]

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SECURITIES AND EXCHANGE COMMISSION

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

Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of 
Designation of Longer Period for Commission Action on Proposed Rule 
Change To Adopt New Exchange Rule 1081, Solicitation Mechanism, To 
Introduce a New Electronic Solicitation Mechanism

December 8, 2014.
    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.
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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. 73441 (October 27, 
2014), 79 FR 64862.
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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 these proposed rule changes should be disapproved. 
The 45th day for this filing is December 15, 2014.
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    \4\ 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)(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).
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    \5\ 15 U.S.C. 78s(b)(2)(A)(ii)(I).

    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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Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-29182 Filed 12-11-14; 8:45 am]
BILLING CODE 8011-01-P