Document ID: SEC-2012-0889-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: International Securities Exchange, LLC
Posted Date: 2012-06-07T04:00Z

[Federal Register Volume 77, Number 110 (Thursday, June 7, 2012)]
[Notices]
[Page 33794]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-13768]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-67097; File No. SR-ISE-2012-26]

Self-Regulatory Organizations; International Securities Exchange, 
LLC; Notice of Designation of a Longer Period for Commission Action on 
Proposed Rule Change To List and Trade Option Contracts Overlying 10 
Shares of a Security

June 1, 2012.
    On April 9, 2012, the International Securities Exchange, LLC 
(``ISE'') 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 list and trade option contracts overlying 10 
shares of a security. The proposed rule change was published for 
comment in the Federal Register on April 24, 2012.\3\ The Commission 
received four comment letters 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. 66827 (April 18, 
2012), 77 FR 24547.
    \4\ See letters to Elizabeth M. Murphy, Secretary, Commission, 
from Christopher Nagy, Managing Director Order Routing & Market Data 
Strategy, TD Ameritrade, Inc., dated April 30, 2012; Edward T. 
Tilly, President and Chief Operating Officer, Chicago Board Options 
Exchange, Incorporated, dated April 30, 2012; Manisha Kimmel, 
Executive Director, Financial Information Forum, dated April 30, 
2012; and Joan Conley, Senior Vice President & Corporate Secretary, 
The NASDAQ OMX Group, Inc., dated April 30, 2012.
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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 June 8, 2012. 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 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 the proposed rule change, the 
comment letters received, and any response to the comment letters 
submitted by ISE.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\6\ designates July 23, 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-
ISE-2012-26).
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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. 2012-13768 Filed 6-6-12; 8:45 am]
BILLING CODE 8011-01-P