Document ID: SEC-2012-1499-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Chicago Board Options Exchange, Inc.
Posted Date: 2012-09-12T04:00Z

[Federal Register Volume 77, Number 177 (Wednesday, September 12, 2012)]
[Notices]
[Pages 56243-56244]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-22393]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-67790; File No. SR-CBOE-2012-066]

Self-Regulatory Organizations; Chicago Board Options Exchange, 
Incorporated; Notice of Designation of a Longer Period for Commission 
Action on Proposed Rule Change To Increase Position and Exercise Limits 
for EEM Options

September 6, 2012.
    On July 9, 2012, the Chicago Board Options Exchange, Incorporated

[[Page 56244]]

(``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 increase position and exercise limits for EEM 
options. The proposed rule change was published for comment in the 
Federal Register on July 26, 2012.\3\ The Commission received no 
comment letters on this 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. 67478 (July 20, 
2012), 77 FR 43897.
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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 for this filing is September 9, 2012. The Commission is 
extending this 45-day time period.
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    \4\ 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, which would 
increase the position and exercise limits for EEM options.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates October 24, 2012 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-
CBOE-2012-066).
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    \5\ 15 U.S.C. 78s(b)(2).

    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.
*COM048*[FR Doc. 2012-22393 Filed 9-11-12; 8:45 am]
BILLING CODE 8011-01-P