[Federal Register Volume 78, Number 58 (Tuesday, March 26, 2013)]
[Page 18403]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-06879]



[Release No. 34-69193; File No. SR-BOX-2013-06]

Self-Regulatory Organizations; BOX Options Exchange LLC; Notice 
of Designation of a Longer Period for Commission Action on Proposed 
Rule Change To List and Trade Option Contracts Overlying 1,000 Shares 
of the SPDR S&P 500 Exchange-Traded Fund

March 20, 2013.
    On January 18, 2013, BOX Options Exchange LLC (``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 list and 
trade options overlying 1,000 shares of the SPDR S&P 500 exchange-
traded fund. The proposed rule change was published for comment in the 
Federal Register on February 4, 2013.\3\ The Commission received two 
comment letters on this proposal.\4\

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 68759 (January 29, 
2013), 78 FR 7835.
    \4\ See letters to Elizabeth M. Murphy, Secretary, Commission, 
from Janet McGinness, EVP & Corporate Secretary, General Counsel, 
NYSE Markets, NYSE Euronext, dated February 25, 2013 and Edward T. 
Tilly, President and Chief Operating Officer, Chicago Board Options 
Exchange, Incorporated, dated February 25, 2013.

    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 the proposed rule change should be disapproved. The 
45th day for this filing is March 21, 2013. The Commission is extending 
this 45-day time period.

    \5\ 15 U.S.C. 78s(b)(2).

    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, which would 
allow the listing of a new option product, the comment letters that 
have been submitted in connection with this proposed rule change, and 
any response to the comment letters submitted by the Exchange.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\6\ designates May 5, 2013 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-

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

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
Kevin M. O'Neill,
Deputy Secretary.

    \7\ 17 CFR 200.30-3(a)(31).

[FR Doc. 2013-06879 Filed 3-25-13; 8:45 am]