[Federal Register Volume 82, Number 110 (Friday, June 9, 2017)]
[Notices]
[Page 26824]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-11964]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-80859; SR-CBOE-2016-082]


Self-Regulatory Organizations; Chicago Board Options Exchange, 
Incorporated; Notice of Withdrawal of a Proposed Rule Change Related to 
Rules Regarding the Responsibility for Ensuring Compliance With 
Priority and Allocation Requirements and Trade-Through Prohibitions in 
Open Outcry Trading

June 5, 2017.
    On December 1, 2016, the Chicago Board Options Exchange, 
Incorporated (``CBOE'' or ``Exchange'') filed with the Securities and 
Exchange Commission (``Commission''), pursuant to Section 19(b)(1) of 
the Securities Exchange Act of 1934 (``Exchange Act'') \1\ and Rule 
19b-4 thereunder,\2\ a proposed rule change to amend Exchange rules 
regarding responsibility for ensuring compliance with open outcry 
priority and allocation requirements and trade-through prohibitions. 
The proposed rule change was published for comment in the Federal 
Register on December 19, 2016.\3\ On January 31, 2017, pursuant to 
Section 19(b)(2) of the Exchange Act,\4\ the Commission designated a 
longer period within which to approve the proposed rule change, 
disapprove the proposed rule change, or institute proceedings to 
determine whether to disapprove the proposed rule change.\5\ On March 
17, 2017, the Commission instituted proceedings under Section 
19(b)(2)(B) of the Act,\6\ to determine whether to approve or 
disapprove the proposed rule change.\7\ The Commission received seven 
comments on the proposed rule change, including responses by the 
Exchange.\8\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 79540 (December 13, 
2016), 81 FR 91967 (``Notice'').
    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 79910, 82 FR 9464 
(February 6, 2017). The Commission designated March 19, 2017, as the 
date by which the Commission shall either approve or disapprove, or 
institute proceedings to determine whether to disapprove, the 
proposed rule change.
    \6\ 15 U.S.C. 78s(b)(2)(B).
    \7\ See Securities Exchange Act Release No. 80270, 82 FR 14926 
(March 23, 2017).
    \8\ See Letters to Brent J. Fields, Secretary, Commission, from: 
(1) Joan C. Conley, Senior Vice President and Corporate Secretary, 
Nasdaq, dated December 22, 2016; (2) Steve Crutchfield, Head of 
Market Structure, CTC Trading Group, LLC; Kevin Coleman, Chief 
Compliance Officer, Belvedere Trading LLC; Scott Kloin, Chief 
Compliance Officer, Citadel Securities LLC; Steven Gaston, Chief 
Compliance Officer, Consolidated Trading LLC; Rob Armour, Chief 
Compliance Officer, DRW Securities, LLC; John Kinahan, Chief 
Executive Officer, Group One Trading L.P.; Daniel Overmyer, Chief 
Compliance Officer, IMC Financial Markets; Steven Gaston, Chief 
Compliance Officer, Lamberson Capital LLC; and Patrick Hickey, Head 
of Market Structure, Optiver US LLC, dated February 16, 2017; (3) 
Joanna Mallers, Secretary, FIA Principal Traders Group, dated April 
13, 2017; (4) Steve Crutchfield, Head of Market Structure, CTC 
Trading Group, LLC; Kevin Coleman, Chief Compliance Officer, 
Belvedere Trading LLC; Scott Kloin, Chief Compliance Officer, 
Citadel Securities LLC; Steven Gaston, Chief Compliance Officer, 
Consolidated Trading LLC; Rob Armour, Chief Compliance Officer, DRW 
Securities, LLC; John Kinahan, Chief Executive Officer, Group One 
Trading L.P.; Daniel Overmyer, Chief Compliance Officer, IMC 
Financial Markets; Steven Gaston, Chief Compliance Officer, 
Lamberson Capital LLC; and Patrick Hickey, Head of Market Structure, 
Optiver US LLC, dated April 13, 2017; and (5) Mark E. Gannon, Chief 
Compliance Officer, Lakeshore Securities, L.P., dated April 13, 
2017. See also Letters to Brent J. Fields, Secretary, Commission, 
from Kyle Edwards, Counsel, CBOE, dated March 14, 2017 and April 27, 
2017. The comment letters and CBOE's responses are available at 
https://www.sec.gov/comments/sr-cboe-2016-082/cboe2016082.shtml.
---------------------------------------------------------------------------

    On June 2, 2017, the Exchange withdrew the proposed rule change 
(SR-CBOE-2016-082).
---------------------------------------------------------------------------

    \9\ 17 CFR 200.30-3(a)(12).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\9\
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2017-11964 Filed 6-8-17; 8:45 am]
BILLING CODE 8011-01-P