Document ID: SEC-2016-1420-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Chicago Board Options Exchange, Inc.
Posted Date: 2016-08-15T04:00Z

[Federal Register Volume 81, Number 157 (Monday, August 15, 2016)]
[Notices]
[Pages 54173-54174]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-19316]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-78511; File No. SR-CBOE-2016-049]

Self-Regulatory Organizations; Chicago Board Options Exchange, 
Incorporated; Notice of Designation of Longer Period for Commission 
Action on Proposed Rule Change To List Options That Overlie the FTSE 
Developed Europe Index and the FTSE Emerging Index, To Raise the 
Comprehensive Surveillance Agreement Percentage Applicable to Certain 
Index Options, and To Amend the Maintenance Listing Criteria Applicable 
to Certain Index Options

August 9, 2016.
    On June 15, 2016, Chicago Board Options Exchange, Incorporated 
(``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 list and trade options that overlie the FTSE 
Developed Europe Index and the FTSE Emerging Index, raise the 
comprehensive surveillance agreement percentage applicable to options 
that overlie the MSCI EAFE Index and the MSCI Emerging Markets Index 
(``EAFE options'' and ``EM options''), and amend the maintenance 
listing criteria applicable to EAFE options, EM options, FTSE 100 Index 
options, and FTSE China 50 Index options. The proposed rule change was 
published for comment in the Federal Register on July 1, 2016.\3\ The 
Commission has received no comment letters on the 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. 78177 (June 28, 
2016), 81 FR 43308.
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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,

[[Page 54174]]

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 August 15, 2016.
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    \4\ 15 U.S.C. 78s(b)(2).
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    The Commission is extending the 45-day time period for Commission 
action on the proposed rule change. 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 and 
take action on the Exchange's proposed rule change.
    Accordingly, pursuant to Section 19(b)(2)(A)(ii)(I) of the Act \5\ 
and for the reasons stated above, the Commission designates September 
29, 2016, 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-2016-049).
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    \5\ 15 U.S.C. 78s(b)(2)(A)(ii)(I).
    \6\ 17 CFR 200.30-3(a)(31).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-19316 Filed 8-12-16; 8:45 am]
 BILLING CODE 8011-01-P