[Federal Register Volume 79, Number 36 (Monday, February 24, 2014)]
[Notices]
[Page 10220]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-03799]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-71562; File No. SR-TOPAZ-2013-20]


Self-Regulatory Organizations; Topaz Exchange, LLC; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change to More Specifically Address the Number and Size of 
Counterparties to a Qualified Contingent Cross Order

February 18, 2014.
    On December 18, 2013, the Topaz Exchange, LLC (n/k/a ISE Gemini, 
LLC) (``Topaz'' 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 to amend Rule 715 to more 
specifically address the number and size of counterparties to a 
Qualified Contingent Cross Order. The proposed rule change was 
published for comment in the Federal Register on January 7, 2014.\3\
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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. 71209 (December 31, 
2013), 79 FR 867.
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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 February 21, 2014. 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.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates April 7, 2014, 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-
TOPAZ-2013-20).
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    \5\ 15 U.S.C. 78s(b)(2).
    \6\ 17 CFR 200.30-3(a)(31).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-03799 Filed 2-21-14; 8:45 am]
BILLING CODE 8011-01-P