[Federal Register Volume 77, Number 216 (Wednesday, November 7, 2012)]
[Notices]
[Page 66896]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-27219]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-68136; File No. SR-NYSEArca-2012-94]


Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change To Amend Commentary .06 to NYSE Arca Options Rule 6.4 To Permit 
the Exchange To List Additional Strike Prices Until the Close of 
Trading on the Second Business Day Prior to Monthly Expiration in 
Unusual Market Conditions

November 1, 2012.
    On September 6, 2012, NYSE Arca, Inc. (the ``Exchange'' or ``NYSE 
Arca'') 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 Commentary .06 to NYSE Arca Options Rule 
6.4 to permit the Exchange to list additional strike prices until the 
close of trading on the second business day prior to monthly expiration 
in unusual market conditions. The proposed rule change was published 
for comment in the Federal Register on September 20, 2012.\3\ The 
Commission 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. 67863 (September 14, 
2012), 77 FR 58433.
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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, 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 November 4, 2012. The Commission is 
extending this 45-day time period.
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    \4\ 15 U.S.C. 78s(b)(2).
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    The Commission finds it appropriate to designate a longer period 
within which to take action on the proposed rule change so that it has 
sufficient time to consider this proposed rule change, which would 
permit the Exchange to list additional strike prices until the close of 
trading on the second business day prior to monthly expiration in 
unusual market conditions.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates December 19, 2012 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-NYSEArca-2012-94).
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    \5\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(31).
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Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-27219 Filed 11-6-12; 8:45 am]
BILLING CODE 8011-01-P