[Federal Register Volume 78, Number 145 (Monday, July 29, 2013)]
[Notices]
[Pages 45589-45590]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-18075]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-70026; File No. SR-Phlx-2013-65]


Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change Relating To Which Complex Orders Can Initiate a Complex Order 
Live Auction

July 23, 2013.
    On June 11, 2013, NASDAQ OMX PHLX LLC (the ``Exchange'' or 
``Phlx'') 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 that would allow the Exchange to determine by 
order sender which complex orders can initiate a Complex Order Live 
Auction (``COLA''). The proposed rule change was published for comment 
in the Federal Register on June 27, 2013.\3\ The Commission has not 
received comment letters on this 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. 69829 (June 21, 
2013), 78 FR 38750.
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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 45590]]

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 11, 2013. 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, if 
approved, would allow the Exchange to determine by order sender which 
complex orders submitted to the Exchange will trigger a COLA.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates September 25, 2013, 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-Phlx-2013-65).
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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. 2013-18075 Filed 7-26-13; 8:45 am]
BILLING CODE 8011-01-P