On October 26th, the SEC designated December 28, 2012 as the date by which it will, in accordance with the Payment, Clearing, and Settlement Supervision Act of 2010, issue objection or non-objection to the Options Clearing Corporation’s advance notice to establish the legal and operational framework for providing central clearing of OTC index options on the S&P 500 Index that are negotiated bilaterally in the over-the-counter market and submitted to OCC for clearance. The Commission finds it is appropriate to extend the review period for the advance notice because OCC does not currently provide clearing services for OTC products and because no registered clearing agency currently provides clearing services for OTC S&P 500 Index options. SEC Release No. 34-68111. See also SEC Release No. 34-68112 (designating December 17, 2012 as the date by which the SEC will approve, disapprove, or institute disapproval proceedings in accordance with the Securities Exchange Act).