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