Document ID: SEC-2017-0989-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; ProposedRule Changes: Chicago Stock Exchange, Inc.
Posted Date: 2017-06-12T04:00Z

[Federal Register Volume 82, Number 111 (Monday, June 12, 2017)]
[Notices]
[Pages 26966-26967]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-12042]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-80864; File No. SR-CHX-2016-20]

Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; 
Notice of Designation of Longer Period for Commission Action on 
Proceedings To Determine Whether To Approve or Disapprove a Proposed 
Rule Change in Connection With the Proposed Transaction Involving CHX 
Holdings, Inc. and North America Casin Holdings, Inc.

June 6, 2017.
    On December 2, 2016, the Chicago Stock Exchange, Inc. (``CHX'' 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 in connection with the proposed transaction 
involving CHX Holdings, Inc. and North America Casin Holdings, Inc. The 
proposed rule change was published for comment in the Federal Register 
on December 12, 2016.\3\ The Commission received five comments on the 
proposed rule change,\4\ and two responses from the Exchange in 
response to certain comments.\5\ On January 12, 2017, the Commission 
instituted proceedings under Section 19(b)(2)(B) of the Act \6\ to 
determine whether to approve or disapprove the proposed rule change.\7\ 
Following the Order Instituting Proceedings, the Commission received 21 
additional comment letters,\8\ and a response letter from the 
Exchange.\9\
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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. 79474 (December 6, 
2016), 81 FR 89543.
    \4\ See letters from: (1) Representative Robert Pittenger, 
Representative Earl L. ``Buddy'' Carter, Representative Peter 
DeFazio, Representative Collin Peterson, and Representative David 
Joyce, dated December 22, 2016; (2) James N. Hill, dated December 
23, 2016; (3) John Ciccarelli, dated January 2, 2017; (4) Anonymous, 
dated January 3, 2017; and (5) David E. Kaplan, Executive Director, 
Global Investigative Journalism Network, dated January 4, 2017.
    \5\ See letters from John K. Kerin, President and Chief 
Executive Officer, CHX, dated January 5, 2017; and Albert J. Kim, 
Vice President and Associate General Counsel, CHX, dated January 6, 
2017.
    \6\ 15 U.S.C. 78s(b)(2)(B).
    \7\ See Securities Exchange Act Release No. 79781, 82 FR 6669 
(January 19, 2017) (``Order Instituting Proceedings'').
    \8\ See letters from: (1) Reddy Dandolu, Founder, Chief 
Executive Officer, Las Vegas Stock Exchange, dated February 4, 2017; 
(2) David Ferris, Senior Research Analyst, The Public Interest 
Review, dated February 16, 2017; (3) Michael Brennan, Independent 
Market Commentator, dated February 17, 2017; (4) Lawrence Bass, 
Individual Supporter, Alliance for American Manufacturing, dated 
February 20, 2017; (5) Steven Mayer, dated February 20, 2017; (6) 
William Park, dated February 21, 2017; (7) Jason Blake, Commentator, 
The Wall Street Journal, dated February 25, 2017; (8) John Meagher, 
Freelance Journalist, dated March 1, 2017; (9) Yong Xiao, Chief 
Executive Officer, North America Casin Holdings, Inc., dated March 
1, 2017; (10) Steven Caban, dated March 1, 2017; (11) Harley 
Seyedin, President, American Chamber of Commerce in South China, 
dated March 2, 2017; (12) Salvatore Nobile, dated March 2, 2017; 
(13) Olga Gouroudeva, dated March 3, 2017; (14) John R. Prufeta, 
dated March 3, 2017; (15) Anthony J. Saliba, Saliba Ventures 
Holdings, LLC, dated March 3, 2017; (16) Aileen Zhong, dated March 
5, 2017; (17) Duncan Karcher, dated March 5, 2017; (18) Ira 
Gottlieb, Principal, Healthcare Practice, Mazars USA LLP, dated 
March 5, 2017; (19) James N. Hill, dated March 6, 2017; (20) David 
Ferris, Senior Research Analyst, The Public Interest Review, dated 
March 6, 2017; and (21) Sean Casey, dated April 24, 2017. All of the 
comments are available at: https://www.sec.gov/comments/sr-chx-2016-20/chx201620.shtml.
    \9\ See letter from John K. Kerin, President and Chief Executive 
Officer, CHX, dated March 6, 2017.
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    Section 19(b)(2) of the Act \10\ provides that, after initiating 
proceedings, the Commission shall issue an order approving or 
disapproving the proposed rule change not later than 180 days after the 
date of publication of notice of filing of the proposed rule change. 
The Commission may, however, extend the period for issuing an order 
approving or disapproving the proposed rule change by not more than 60 
days if the Commission determines that a longer period is appropriate 
and publishes the reasons for such determination. The proposed rule 
change was published for notice and comment in the Federal Register on 
December 12, 2016.\11\ June 10, 2017 is 180 days from that date, and 
August 9, 2017 is 240 days from that date.
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    \10\ 15 U.S.C. 78s(b)(2).
    \11\ See supra note 3.
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    The Commission finds it appropriate to designate a longer period 
within which to issue an order approving or disapproving the proposed 
rule change so that it has sufficient time to consider the proposed 
rule change, the issues raised in the comment letters that have been 
submitted in connection therewith,

[[Page 26967]]

and the Exchange's responses to the comments.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\12\ designates August 9, 2017 as the date by which the Commission 
should either approve or disapprove the proposed rule change (File No. 
SR-CHX-2016-20).
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    \12\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\13\
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    \13\ 17 CFR 200.30-3(a)(57).
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Brent J. Fields,
Secretary.
[FR Doc. 2017-12042 Filed 6-9-17; 8:45 am]
 BILLING CODE 8011-01-P