April 12, 2013.
On February 12, 2013, BATS Y-Exchange, Inc. (the “Exchange” or “BYX”) filed with the Securities and Exchange Commission (“Commission”) pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”) 
and Rule 19b-4 thereunder,
a proposed rule change to allow Retail Member Organizations (“RMOs”) to attest that “substantially all,” rather than all, orders submitted to the Retail Price Improvement Program qualify as “Retail Orders.” The proposed rule change was published for comment in the Federal Register on March 1, 2013.
To date, the Commission has received one comment on the proposal.
Section 19(b)(2) of the Act 
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 April 15, 2013.
The Commission 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 to take action on the proposed rule changes so that it has sufficient time to consider the Exchange's proposal, which would lessen the attestation requirements of Start Printed Page 23321RMOs that submit “Retail Orders” eligible to receive potential price improvement through the Retail Price Improvement Program, and to consider the comment letter that has been submitted in connection with the proposed rule change.
Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,
designates May 30, 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-BYX-2013-008).
For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.7
Elizabeth M. Murphy,
[FR Doc. 2013-09123 Filed 4-17-13; 8:45 am]
BILLING CODE 8011-01-P