Document ID: SEC-2013-2242-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Chicago Board Options Exchange, Inc.
Posted Date: 2013-12-27T05:00Z

[Federal Register Volume 78, Number 249 (Friday, December 27, 2013)]
[Notices]
[Page 79035]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-30937]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-71152; File No. SR-CBOE-2013-100]

Self-Regulatory Organizations; Chicago Board Options Exchange, 
Incorporated; Notice of Designation of a Longer Period for Commission 
Action on a Proposed Rule Change Relating to CBSX Trading Permit Holder 
Eligibility

December 20, 2013.

I. Introduction

    On October 23, 2013, Chicago Board Options Exchange, Incorporated 
(``Exchange'' or ``CBOE'') 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 regarding eligibility for CBSX 
Trading Permit Holders. The proposed rule change was published for 
comment in the Federal Register on November 12, 2013.\3\ The Commission 
received four comments 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. 70806 (November 5, 
2013), 78 FR 67424.
    \4\ See letter from Chris Concannon, Executive Vice President, 
Virtu Financial BD, LLC, to Elizabeth M. Murphy, Secretary, 
Commission, dated November 11, 2013; letter from Martin H. Kaplan, 
Gusrae Kaplan Nusbaum PLLC, to Kevin M. O'Neill, Deputy Secretary, 
Commission, dated November 18, 2013; letter from James Ongena, 
General Counsel, Chicago Stock Exchange, Inc., to Elizabeth M. 
Murphy, Secretary, Commission, dated December 3, 2013; and letter 
from Mary Ann Burns, Chief Operating Officer, Futures Industry 
Association, to Elizabeth M. Murphy, Secretary, Commission, dated 
December 3, 2013.
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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 27, 2013.
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    \5\ 15 U.S.C. 78s(b)(2).
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    The Commission is hereby extending the 45-day period for Commission 
action on the proposed rule change. The Commission has determined that 
it is appropriate to designate a longer period within which to take 
action on the proposed rule change. In particular, the extension of 
time will ensure that the Commission has sufficient time to consider 
and take action on CBOE's proposal in light of, among other things, the 
comments received on the proposal and the Exchange's forthcoming 
response to the comments.
    Accordingly, pursuant to Section 19(b)(2)(A)(ii)(I) of the Act \6\ 
and for the reasons stated above, the Commission designates February 
10, 2014, 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-2013-100.
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    \6\ 15 U.S.C. 78s(b)(2)(A)(ii)(I).

    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. 2013-30937 Filed 12-26-13; 8:45 am]
BILLING CODE 8011-01-P