[Federal Register Volume 83, Number 232 (Monday, December 3, 2018)]
[Notices]
[Page 62396]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-26140]


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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-84662; File No. SR-C2-2018-021]


Self-Regulatory Organizations; Cboe C2 Exchange, Inc.; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change To Allow the Post Only Order Instruction on Complex Orders

November 27, 2018.
    On October 1, 2018, Cboe C2 Exchange, Inc. (``C2'') 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 allow the Post 
Only order instruction on complex orders that route to its electronic 
book. The proposed rule change was published for comment in the Federal 
Register on October 16, 2018.\3\ On November 20, 2018, C2 filed 
Amendment No. 1 to the proposal.\4\ The Commission has received no 
comment letters regarding the proposed rule change.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 84399 (October 10, 
2018), 83 FR 52253.
    \4\ In Amendment No. 1, C2 added definitions of ``Book Only 
complex order'' and ``Post Only complex order,'' added rule text 
that further describes the handling of Post Only complex orders, and 
provided examples demonstrating the operation of Post Only complex 
orders. The text of Amendment No. 1 is available at https://www.sec.gov/comments/sr-c2-2018-021/src22018021-4668149-176527.pdf.
---------------------------------------------------------------------------

    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 after publication of the notice for this proposed rule change 
is November 30, 2018. 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 the proposed rule change. Accordingly, the 
Commission, pursuant to Section 19(b)(2) of the Act,\6\ designates 
January 14, 2019, as the date by which the Commission shall either 
approve or disapprove, or institute proceedings to determine whether to 
disapprove, the proposed rule change (File No. SR-C2-2018-021).
---------------------------------------------------------------------------

    \6\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
---------------------------------------------------------------------------

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

Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-26140 Filed 11-30-18; 8:45 am]
 BILLING CODE 8011-01-P


