[Federal Register Volume 84, Number 175 (Tuesday, September 10, 2019)]
[Notices]
[Pages 47627-47628]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-19459]


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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-86861; File No. SR-CBOE-2019-035]


Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of 
Designation of Longer Period for Commission Action on a Proposed Rule 
Change To Amend Rule 6.49A Concerning Off-Floor Position Transfers

September 4, 2019.
    On July 3, 2019, Cboe Exchange, Inc. (the ``Exchange'' or ``Cboe 
Options'') 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 
proposal to amend Rule 6.49A concerning off-floor position transfers. 
The proposed rule change was published for comment in the Federal 
Register on July 23, 2019.\3\ The Exchange submitted Amendment No. 1 to 
its filing on August 6, 2019.\4\ The

[[Page 47628]]

Commission received one comment letter on the proposed rule change.\5\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 86400 (July 17, 
2019), 84 FR 35438.
    \4\ In Amendment No. 1, the Exchange removed the proposed change 
to permit off-floor risk-weighted assets (``RWA'') transfers. The 
exchange then filed that material as a separate proposed rule change 
filing. See Securities Exchange Act Release No. 86603 (August 8, 
2019), 84 FR 40460 (August 14, 2019) (SR-CBOE-2019-044). When the 
Exchange filed Amendment No. 1 to CBOE-2019-035, it also submitted 
the text of the amendment as a comment letter to the filing, which 
is available at https://www.sec.gov/comments/sr-cboe-2019-035/srcboe2019035-5917170-189047.pdf.
    \5\ See Letter from Gerald D. O'Connell, SIG--Compliance 
Coordinator, dated August 19, 2019, available at https://www.sec.gov/comments/sr-cboe-2019-035/srcboe2019035.htm.
---------------------------------------------------------------------------

    Section 19(b)(2) of the Act \6\ provides that, within 45 days of 
publication of the 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 after publication of the notice for this proposed rule change 
is September 6, 2019.
---------------------------------------------------------------------------

    \6\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------

    The Commission hereby 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 the proposed rule change, including the comment letter 
received on the filing.
    Accordingly, pursuant to Section 19(b)(2) of the Act,\7\ the 
Commission designates October 21, 2019 as the date by which the 
Commission shall either approve, disapprove, or institute proceedings 
to determine whether to disapprove, the proposed rule change (File No. 
SR-CBOE-2019-035).
---------------------------------------------------------------------------

    \7\ 15 U.S.C. 78s(b)(2)(A)(ii)(I).
    \8\ 17 CFR 200.30-3(a)(31).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\8\
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019-19459 Filed 9-9-19; 8:45 am]
 BILLING CODE 8011-01-P