Document ID: SEC-2015-0498-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: BOX Options Exchange LLC
Posted Date: 2015-03-24T04:00Z

[Federal Register Volume 80, Number 56 (Tuesday, March 24, 2015)]
[Notices]
[Page 15653]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-06622]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-74526; File No. SR-BOX-2015-06]

Self-Regulatory Organizations; BOX Options Exchange LLC; Notice 
of Designation of a Longer Period for Commission Action on a Proposed 
Rule Change To Amend the Exchange's Rules for the Listing and Trading 
on the Exchange of Options Settling to the RealVolTM SPY Index

March 18, 2015.
    On January 21, 2015, BOX Options Exchange LLC (``BOX'' or the 
``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 amend BOX Rules 6010, 6040, 6090, and 10120 to 
allow for the listing and trading on the Exchange of options settling 
to the RealVolTM SPY Index, on a twelve-month pilot basis. 
The proposed rule change was published for comment in the Federal 
Register on February 5, 2015.\3\ The Commission has received one 
comment letter on the proposed rule change.\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. 74178 (Jan. 30, 
2015), 80 FR 6558 (Feb. 5, 2015).
    \4\ See letter from John O'Connell, Financial Integration, to 
Commission, dated February 8, 2015 (``O'Connell Letter'').
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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 
Commission is extending this 45-day time period. 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.
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    \5\ 15 U.S.C. 78s(b)(2).
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    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\6\ designates May 6, 2015, 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 Number 
SR-BOX-2015-06).
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    \6\ Id.

    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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Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2015-06622 Filed 3-23-15; 8:45 am]
BILLING CODE 8011-01-P