Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Withdrawal of a Proposed Rule Change Related to Unusual Market Conditions and the Duty To Systemize Non-Electronic Orders Prior to Representation

---
identifier: "/us/fr/2017-14244"
source: "fr"
legal_status: "authoritative_unofficial"
title: "Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Withdrawal of a Proposed Rule Change Related to Unusual Market Conditions and the Duty To Systemize Non-Electronic Orders Prior to Representation"
title_number: 0
title_name: "Federal Register"
section_number: "2017-14244"
section_name: "Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Withdrawal of a Proposed Rule Change Related to Unusual Market Conditions and the Duty To Systemize Non-Electronic Orders Prior to Representation"
positive_law: false
currency: "2017-07-07"
last_updated: "2017-07-07"
format_version: "1.1.0"
generator: "[email protected]"
agency: "Securities and Exchange Commission"
document_number: "2017-14244"
document_type: "notice"
publication_date: "2017-07-07"
agencies:
  - "Securities and Exchange Commission"
fr_citation: "82 FR 31644"
fr_volume: 82
docket_ids:
  - "Release No. 34-81065"
  - "File No. SR-CBOE-2017-010"
---


#  Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Withdrawal of a Proposed Rule Change Related to Unusual Market Conditions and the Duty To Systemize Non-Electronic Orders Prior to Representation

On February 15, 2017, the Chicago Board Options Exchange, Incorporated (“Exchange” or “CBOE”) 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 its rules regarding the circumstances in which CBOE Floor Officials may declare a “fast” market and the actions those Floor Officials may take when a fast market is declared, including the ability to suspend the duty to systemize a non-electronic order prior to representing it in open outcry trading. The proposed rule change was published for comment in the *Federal Register* on March 6, 2017. [^3] On April 18, 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 June 2, 2017, the Commission instituted proceedings to determine whether to approve or disapprove the proposed rule change. [^6] The Commission received no comments on the proposed rule change. On June 26, 2017, CBOE withdrew the proposed rule change (SR-CBOE-2017-010).

[^1] 15 U.S.C. 78s(b)(1).

[^2] 17 CFR 240.19b-4.

[^3]*See* Securities Exchange Act Release No. 80123 (February 28, 2017), 82 FR 12667 (“Notice”).

[^4] 15 U.S.C. 78s(b)(2).

[^5]*See* Securities Exchange Act Release No. 80481, 82 FR 18941 (April 24, 2017). The Commission designated June 4, 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]*See* Securities Exchange Act Release No. 80854, 82 FR 26724 (June 8, 2017).

For the Commission, by the Division of Trading and Markets, pursuant to delegated authority. [^7]

[^7] 17 CFR 200.30-3(a)(12).

Brent J. Fields,

Secretary.