[Federal Register Volume 76, Number 179 (Thursday, September 15, 2011)]
[Notices]
[Pages 57088-57089]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-23597]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-65300; File No. SR-CHX-2011-17]


Self-Regulatory Organizations; Chicago Stock Exchange, 
Incorporated; Notice of Designation of a Longer Period for Commission 
Action on Proposed Rule Change Regarding the Submission by the Exchange 
of Clearing-Related Information for Trades Executed on the Exchange as 
Well as for Trades Executed Otherwise Than on the Exchange

September 8, 2011.

I. Introduction

    On July 7, 2011, the Chicago Stock Exchange, Incorporated 
(``Exchange'' or ``CHX'') filed with the Securities and Exchange 
Commission (the ``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 add CHX Rule 6 (Submission of 
Clearing Information) to Article 21 (Clearance and Settlement) to set 
forth the terms upon which CHX will submit information for clearing and 
settlement and to amend Article 1, Rule 1 (Definitions) and Article 21, 
Rule 1 (Trade Recording with a Qualified Clearing Agency) to add, 
delete, and modify certain defined terms. The proposed rule change was 
published for comment in the Federal Register on July 26, 2011.\3\ The 
Commission received one comment 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. 64937 (July 20, 
2011), 76 FR 44638 (``Notice'').
    \4\ See letter from Christopher Meyer, Chief Compliance Officer, 
E*Trade Capital Markets, LLC, to Elizabeth M. Murphy, Secretary, 
Commission, dated August 16, 2011.
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    Section 19(b)(2)(A) of the Act \5\ provides that not later than 45 
days after the date of publication 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 September 9, 2011.
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    \5\ 15 U.S.C. 78s(b)(2)(A).
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    The Commission hereby extends the 45-day time period for Commission

[[Page 57089]]

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 to help ensure that the Commission has 
sufficient time to consider whether the proposal is consistent with the 
Act and, thus, whether the proposal should be approved or disapproved.
    Accordingly, pursuant to Section 19(b)(2)(A)(ii)(I) of the Act \6\ 
and for the reason stated above, the Commission designates October 24, 
2011, as the date by which the Commission should approve, disapprove, 
or institute proceedings to determine whether to disapprove File No. 
SR-CHX-2011-17.
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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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Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011-23597 Filed 9-14-11; 8:45 am]
BILLING CODE 8011-01-P