[Federal Register Volume 79, Number 124 (Friday, June 27, 2014)]
[Notices]
[Page 36569]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-15027]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-72447; File No. SR-Phlx-2014-23]


Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of 
Designation of Longer Period for Commission Action on Proposed Rule 
Change Related to the Priority Afforded to In-Crowd Participants 
Respecting Crossing, Facilitation, and Solicited Orders in Open Outcry 
Trading

June 23, 2014.
    On April 23, 2014, NASDAQ OMX PHLX LLC (``Phlx'' 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 
revise the priority afforded to in-crowd participants respecting 
crossing, facilitation, and solicited orders in open outcry trading. 
The proposed rule change was published for comment in the Federal 
Register on May 13, 2014.\3\ The Commission received one comment 
letter.\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. 72119 (May 7, 2014), 
79 FR 27351.
    \4\ See Letter from Michael J. Simon, Secretary and General 
Counsel, International Securities Exchange, LLC, dated June 3, 2014 
(``ISE Letter'').
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    Section 19(b)(2) of the Act \5\ 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 these proposed rule changes should be disapproved. 
The 45th day for this filing is June 27, 2014.
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    \5\ 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 \6\ 
and for the reasons stated above, the Commission designates August 11, 
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-Phlx-2014-23).
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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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Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-15027 Filed 6-26-14; 8:45 am]
BILLING CODE 8011-01-P