Self-Regulatory Organizations; Chicago Mercantile Exchange Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Related to the Reference Rate for Singapore Dollar Denominated Interest Rate Swaps, 67207-67209 [2013-26755]

Download as PDF Federal Register / Vol. 78, No. 217 / Friday, November 8, 2013 / Notices developed to describe and make available to the public such information as methods that are acceptable to the NRC staff for implementing specific parts of the NRC’s regulations, techniques that the staff uses in evaluating specific problems or postulated accidents, and data that the staff needs in its review of applications for permits and licenses. Revision 1 of RG 1.73 provides applicants and licensees with the most current information on testing safetyrelated actuators in nuclear power plants. The current version of RG 1.73, ‘‘Qualification Tests of Electric Valve Operators Installed Inside the Containment of Nuclear Power Plants’’ was issued January 1974. It endorses IEEE Std. 382–1972, ‘‘IEEE Trial-Use Guide for Type Test of Class I Electric Valve Operators for Nuclear Power Generating Stations.’’ The IEEE standard was updated three times, in 1985, 1996, and 2006. However, the RG has not been updated since 1974. This revision updates RG 1.73 to endorse the current version of IEEE Std. 382–2006, ‘‘Standard for Qualification of SafetyRelated Actuators for II. Additional Information Revision 1 of RG 1.73 was issued for public comment as draft regulatory guide (DG)-1235, ‘‘Qualification Tests for Safety-Related Actuators in Nuclear Power Plants’’ on May 1, 2013, (78 FR 25488) for a 60 day public comment period. The public comment period closed on June 28, 2013 and 2 sets of comments were received. These comments resulted in revisions to the final RG. The comments and the NRC staff response are available in ADAMS at Accession No. ML13210A462. TKELLEY on DSK3SPTVN1PROD with NOTICES III. Congressional Review Act This RG is a rule as designated in the Congressional Review Act (5 U.S.C. 801–808). However, the Office of Management and Budget (OMB) has not found it to be a major rule as designated in the Congressional Review Act. IV. Backfitting and Issue Finality Issuance of this final RG does not constitute backfitting as defined in 10 CFR 50.109 (the Backfit Rule) and is not otherwise inconsistent with the issue finality provisions in 10 CFR part 52. As discussed in the ‘‘Implementation’’ section of this RG, the NRC has no current intention to impose this RG on holders of current operating licenses or combined licenses. This RG may be applied to applications for operating licenses and combined licenses docketed by the NRC as of the date of issuance of the final RG, VerDate Mar<15>2010 18:08 Nov 07, 2013 Jkt 232001 as well as future applications for operating licenses and combined licenses submitted after the issuance of the RG. Such action does not constitute backfitting as defined in 10 CFR 50.109(a)(1) or is otherwise inconsistent with the applicable issue finality provision in 10 CFR part 52, inasmuch as such applicants or potential applicants are not within the scope of entities protected by the Backfit Rule or the relevant issue finality provisions in part 52. Dated at Rockville, Maryland, this 24th day of October 2013. For the Nuclear Regulatory Commission. Thomas H. Boyce, Chief, Regulatory Guide Development Branch, Division of Engineering, Office of Nuclear Regulatory Research. [FR Doc. 2013–26835 Filed 11–7–13; 8:45 am] BILLING CODE 7590–01–P 67207 8. Quarterly Service Performance Report. 9. Approval of Annual Report and Comprehensive Statement. 10. Tentative Agenda for the December 10, 2013, meeting in Washington, DC 11. Election of Chairman and Vice Chairman of the Board of Governors. Friday, November 15, at 10:00 a.m. (Closed—If Needed) 1. Continuation of Thursday’s closed session agenda. CONTACT PERSON FOR MORE INFORMATION: Julie S. Moore, Secretary of the Board, U.S. Postal Service, 475 L’Enfant Plaza, SW., Washington, DC 20260–1000. Telephone: (202) 268–4800. Julie S. Moore, Secretary. [FR Doc. 2013–26929 Filed 11–6–13; 11:15 am] POSTAL SERVICE BILLING CODE 7710–12–P Board of Governors; Sunshine Act Meeting Thursday, November 14, 2013, at 10:00 a.m.; and Friday, November 15, at 8:00 a.m. and 10:00 a.m. PLACE: Washington, DC, at U.S. Postal Service Headquarters, 475 L’Enfant Plaza, SW., in the Benjamin Franklin Room. STATUS: Thursday, November 14, at 10:00 a.m.—Closed; Friday, November 15, at 8:00 a.m.—Open; and at 10:00 a.m.—Closed MATTERS TO BE CONSIDERED: SECURITIES AND EXCHANGE COMMISSION Thursday, November 14, at 10:00 a.m. (Closed) November 4, 2013. DATES AND TIMES: 1. Strategic Issues. 2. Financial Matters. 3. Pricing. 4. Personnel Matters and Compensation Issues. 5. Governors’ Executive Session— Discussion of prior agenda items and Board Governance. Friday, November 15, at 8:00 a.m. (Open) 1. Remarks of the Chairman of the Board. 2. Remarks of the Postmaster General and CEO. 3. Approval of Minutes of Previous Meetings. 4. Committee Reports. 5. FY2013 10K and Financial Statements. 6. FY2014 IFP and Financing Resolution. 7. FY2015 Appropriations Request. PO 00000 Frm 00109 Fmt 4703 Sfmt 4703 [Release No. 34–70801; File No. SR–CME– 2013–25] Self-Regulatory Organizations; Chicago Mercantile Exchange Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Related to the Reference Rate for Singapore Dollar Denominated Interest Rate Swaps Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’ or ‘‘Exchange Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on October 22, 2013, Chicago Mercantile Exchange Inc. (‘‘CME’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change described in Items I and II below, which Items have been prepared primarily by CME. CME filed the proposal pursuant to Section 19(b)(3)(A)(iii) of the Act,3 and Rule 19b–4(f)(4)(ii) 4 thereunder so that the proposal was effective upon filing with the Commission. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 15 U.S.C. 78s(b)(3)(A)(iii). 4 17 CFR 240.19b–4(f)(4)(ii). 2 17 E:\FR\FM\08NON1.SGM 08NON1 67208 Federal Register / Vol. 78, No. 217 / Friday, November 8, 2013 / Notices I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change CME is filing a proposed rule change that is limited to its business as a derivatives clearing organization. More specifically, the proposed rule change would make one discrete change related to the reference rate for Singapore Dollar (‘‘SGD’’) denominated interest rate swaps (‘‘IRS’’). II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, CME included statements concerning the purpose and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. CME has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. TKELLEY on DSK3SPTVN1PROD with NOTICES A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change CME is registered as a derivatives clearing organization with the Commodity Futures Trading Commission and currently offers clearing services for many different futures and swaps products. With this filing, CME proposes to make a change to CME Rule 90102.E relating to the removal of the SGD–SOR-Reuters reference rate and the addition of the SGD–SOR–VWAP reference rate for SGD denominated IRS. These changes will be effective on filing. On September 30, 2013 the Association of Banks in Singapore changed the calculation of certain financial benchmarks which included SGD–SOR. As a result, CME is delisting the SGD–SOR-Reuters reference rate of the discontinued benchmark and adding the reference rate SGD–SOR–VWAP for the new benchmark. The proposed change will allow clearing of SGD denominated IRS with the proper reference rate. The changes that are described in this filing are limited to CME’s business as a derivatives clearing organization clearing products under the exclusive jurisdiction of the Commodity Futures Trading Commission (‘‘CFTC’’) and do not materially impact CME’s securitybased swap clearing business in any way. CME notes that it has already submitted the proposed rule changes that are the subject of this filing to its VerDate Mar<15>2010 18:08 Nov 07, 2013 Jkt 232001 primary regulator, the CFTC, in CME Submission 13–476. CME believes the proposed rule change is consistent with the requirements of the Exchange Act including Section 17A of the Exchange Act.5 The proposed rule change will remove the SGD–SOR-Reuters reference rate of the discontinued benchmark and will add the reference rate SGD–SOR– VWAP for the new benchmark to allow clearing of SGD denominated IRS with the proper reference rate. As such, the rule change is designed to promote the prompt and accurate clearance and settlement of securities transactions and, to the extent applicable, derivatives agreements, contracts, and transactions, to assure the safeguarding of securities and funds which are in the custody or control of the clearing agency or for which it is responsible, and, in general, to protect investors and the public interest consistent with Section 17A(b)(3)(F) of the Exchange Act.6 Furthermore, the proposed changes are limited in their effect to futures and swaps products offered under CME’s authority to act as a derivatives clearing organization. These products are under the exclusive jurisdiction of the CFTC. As such, the proposed CME changes are limited to CME’s activities as a derivatives clearing organization clearing swaps that are not securitybased swaps; CME notes that the policies of the CFTC with respect to administering the Commodity Exchange Act are comparable to a number of the policies underlying the Exchange Act, such as promoting market transparency for over-the-counter derivatives markets, promoting the prompt and accurate clearance of transactions and protecting investors and the public interest. Because the proposed changes are limited in their effect to swaps products offered under CME’s authority to act as a derivatives clearing organization, the proposed changes are also properly classified as effecting a change in an existing service of CME that: (a) Primarily affects the clearing operations of CME with respect to products that are not securities, including futures that are not security futures, and swaps that are not securitybased swaps or mixed swaps; and (b) does not significantly affect any securities clearing operations of CME or any rights or obligations of CME with respect to securities clearing or persons using such securities-clearing service. As such, the changes are therefore consistent with the requirements of 5 15 6 15 PO 00000 U.S.C. 78q–1. U.S.C. 78q–1(b)(3)(F). Frm 00110 Fmt 4703 Sfmt 4703 Section 17A of the Exchange Act 7 and are properly filed under Section 19(b)(3)(A) 8 and Rule 19b–4(f)(4)(ii) 9 thereunder. B. Self-Regulatory Organization’s Statement on Burden on Competition CME does not believe that the proposed rule change will have any impact, or impose any burden, on competition. The rule change simply delists the SGD–SOR-Reuters reference rate of the discontinued benchmark and adds the reference rate SGD–SOR– VWAP for the new benchmark. C. Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others CME has not solicited, and does not intend to solicit, comments regarding this proposed rule change. CME has not received any unsolicited written comments from interested parties. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The foregoing rule change has become effective pursuant to Section 19(b)(3)(A) 10 of the Act and Rule 19b– 4(f)(4)(ii) 11 thereunder. At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act.12 IV. Solicitation of Comments Interested persons are invited to submit written data, views and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: Electronic Comments • Use the Commission’s Internet comment form (http://www.sec.gov/ rules/sro.shtml), or • Send an email to rule-comments@ sec.gov. Please include File No. SR– CME–2013–25 on the subject line. Paper Comments • Send paper comments in triplicate to Elizabeth M. Murphy, Secretary, 7 15 U.S.C. 78q–1. U.S.C. 78s(b)(3)(A). 9 17 CFR 240.19b–4(f)(4)(ii). 10 15 U.S.C. 78s(b)(3)(A). 11 17 CFR 240.19b–4(f)(4)(ii). 12 15 U.S.C. 78s(b)(3)(C). 8 15 E:\FR\FM\08NON1.SGM 08NON1 Federal Register / Vol. 78, No. 217 / Friday, November 8, 2013 / Notices Securities and Exchange Commission, 100 F Street NE., Washington, DC, 20549–1090. SECURITIES AND EXCHANGE COMMISSION All submissions should refer to File Number SR–CME–2013–25. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s Internet Web site (http://www.sec.gov/ rules/sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for Web site viewing and printing in the Commission’s Public Reference Room, 100 F Street NE., Washington, DC 20549, on official business days between the hours or 10:00 a.m. and 3:00 p.m. Copies of such filing also will be available for inspection and copying at the principal office of CME and on CME’s Web site at http://www.cmegroup.com/marketregulation/rule-filings.html. All comments received will be posted without change; the Commission does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR–CME–2013–25 and should be submitted on or before November 29, 2013. [Release No. 34–70802; File No. SR– NYSEMKT–2013–59] For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.13 Kevin M. O’Neill, Deputy Secretary . [FR Doc. 2013–26755 Filed 11–7–13; 8:45 am] TKELLEY on DSK3SPTVN1PROD with NOTICES BILLING CODE 8011–01–P 13 17 CFR 200.30–3(a)(12). VerDate Mar<15>2010 18:08 Nov 07, 2013 Jkt 232001 67209 For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.10 Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2013–26756 Filed 11–7–13; 8:45 am] Self-Regulatory Organizations; NYSE MKT LLC; Notice of Withdrawal of Proposed Rule Change Relating to NDX and RUT Combination Orders November 4, 2013. BILLING CODE 8011–01–P On June 21, 2013, NYSE MKT LLC (‘‘NYSE MKT’’) filed with the Securities and Exchange Commission (‘‘Commission’’) a proposed rule change pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 1 and Rule 19b–4 thereunder 2 to amend NYSE MKT Rule 965NY to revise the procedures governing the trading of NDX and RUT combination orders. The proposed rule change was published for comment in the Federal Register on July 9, 2013.3 The Commission initially received two comment letters regarding the proposal.4 NYSE MKT responded to the comment letters on August 19, 2013.5 On August 20, 2013, the Commission extended the time period for Commission action to October 7, 2013.6 On October 1, 2013, the Commission instituted proceedings to determine whether to approve or disapprove the proposed rule change.7 NYSE MKT submitted an additional letter regarding the proposal on October 4, 2013.8 The Commission subsequently received one additional comment letter on the proposal.9 On November 1, 2013, NYSE MKT withdrew the proposed rule change (SR–NYSEMKT–2013–59). Florida Disaster #FL–00094 Declaration of Economic Injury 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Securities Exchange Act Release No. 69919 (July 2, 2013), 78 FR 41168 (July 9, 2013). 4 See letters to Elizabeth M. Murphy, Secretary, Commission, from Darren Story, CFA, Student Options, LLC, dated July 12, 2013; and David Spack, Chief Compliance Officer, Casey Securities, LLC, dated August 2, 2013. 5 See letter to Elizabeth M. Murphy, Secretary, Commission, from Janet McGinness, EVP and Corporate Secretary, NYSE Euronext, dated August 19, 2013. 6 See Securities Exchange Act Release No. 70235 (August 20, 2013), 78 FR 52818 (August 26, 2013). 7 See Securities Exchange Act Release No. 70588 (October 1, 2013), 78 FR 62766 (October 22, 2013). 8 See letter to Elizabeth M. Murphy, Secretary, Commission, from Janet McGinness, EVP and Corporate Secretary, General Counsel, NYSE Markets, NYSE Euronext, dated October 4, 2013. 9 See letter from Robert Pellicone, dated October 7, 2013. 10 17 CFR 200.30–3(a)(12). 2 17 PO 00000 Frm 00111 Fmt 4703 Sfmt 4703 SMALL BUSINESS ADMINISTRATION [Disaster Declaration #13804] U.S. Small Business Administration. ACTION: Notice. AGENCY: This is a notice of an Economic Injury Disaster Loan (EIDL) declaration for the State of Florida, dated 10/31/2013. Incident: Failure of Commercial Oyster Fishery. Incident Period: 01/01/2012 through 12/31/2013. Effective Date: 10/31/2013. EIDL Loan Application Deadline Date: 07/31/2014. ADDRESSES: Submit completed loan applications to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155. FOR FURTHER INFORMATION CONTACT: A. Escobar, Office of Disaster Assistance, U.S. Small Business Administration, 409 3rd Street, SW., Suite 6050, Washington, DC 20416. SUPPLEMENTARY INFORMATION: Notice is hereby given that as a result of the Administrator’s EIDL declaration, applications for economic injury disaster loans may be filed at the address listed above or other locally announced locations. The following areas have been determined to be adversely affected by the disaster: Primary Counties: Franklin Contiguous Counties: Florida: Gulf, Liberty, Wakulla. The Interest Rates are: SUMMARY: Percent Businesses and Small Agricultural Cooperatives Without Credit Available Elsewhere .................. Non-Profit Organizations Without Credit Available Elsewhere ....... 4.000 3.000 The number assigned to this disaster for economic injury is 138040. The State which received an EIDL Declaration # is Florida. (Catalog of Federal Domestic Assistance Number 59002) E:\FR\FM\08NON1.SGM 08NON1

Agencies

[Federal Register Volume 78, Number 217 (Friday, November 8, 2013)]
[Notices]
[Pages 67207-67209]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-26755]


=======================================================================
-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-70801; File No. SR-CME-2013-25]


Self-Regulatory Organizations; Chicago Mercantile Exchange Inc.; 
Notice of Filing and Immediate Effectiveness of Proposed Rule Change 
Related to the Reference Rate for Singapore Dollar Denominated Interest 
Rate Swaps

November 4, 2013.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 
(``Act'' or ``Exchange Act''),\1\ and Rule 19b-4 thereunder,\2\ notice 
is hereby given that on October 22, 2013, Chicago Mercantile Exchange 
Inc. (``CME'') filed with the Securities and Exchange Commission 
(``Commission'') the proposed rule change described in Items I and II 
below, which Items have been prepared primarily by CME. CME filed the 
proposal pursuant to Section 19(b)(3)(A)(iii) of the Act,\3\ and Rule 
19b-4(f)(4)(ii) \4\ thereunder so that the proposal was effective upon 
filing with the Commission. The Commission is publishing this notice to 
solicit comments on the proposed rule change from interested persons.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \4\ 17 CFR 240.19b-4(f)(4)(ii).

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

[[Page 67208]]

I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    CME is filing a proposed rule change that is limited to its 
business as a derivatives clearing organization. More specifically, the 
proposed rule change would make one discrete change related to the 
reference rate for Singapore Dollar (``SGD'') denominated interest rate 
swaps (``IRS'').

II. Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

    In its filing with the Commission, CME included statements 
concerning the purpose and basis for the proposed rule change and 
discussed any comments it received on the proposed rule change. The 
text of these statements may be examined at the places specified in 
Item IV below. CME has prepared summaries, set forth in sections A, B, 
and C below, of the most significant aspects of such statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

    CME is registered as a derivatives clearing organization with the 
Commodity Futures Trading Commission and currently offers clearing 
services for many different futures and swaps products. With this 
filing, CME proposes to make a change to CME Rule 90102.E relating to 
the removal of the SGD-SOR-Reuters reference rate and the addition of 
the SGD-SOR-VWAP reference rate for SGD denominated IRS. These changes 
will be effective on filing.
    On September 30, 2013 the Association of Banks in Singapore changed 
the calculation of certain financial benchmarks which included SGD-SOR. 
As a result, CME is delisting the SGD-SOR-Reuters reference rate of the 
discontinued benchmark and adding the reference rate SGD-SOR-VWAP for 
the new benchmark. The proposed change will allow clearing of SGD 
denominated IRS with the proper reference rate.
    The changes that are described in this filing are limited to CME's 
business as a derivatives clearing organization clearing products under 
the exclusive jurisdiction of the Commodity Futures Trading Commission 
(``CFTC'') and do not materially impact CME's security-based swap 
clearing business in any way. CME notes that it has already submitted 
the proposed rule changes that are the subject of this filing to its 
primary regulator, the CFTC, in CME Submission 13-476.
    CME believes the proposed rule change is consistent with the 
requirements of the Exchange Act including Section 17A of the Exchange 
Act.\5\ The proposed rule change will remove the SGD-SOR-Reuters 
reference rate of the discontinued benchmark and will add the reference 
rate SGD-SOR-VWAP for the new benchmark to allow clearing of SGD 
denominated IRS with the proper reference rate. As such, the rule 
change is designed to promote the prompt and accurate clearance and 
settlement of securities transactions and, to the extent applicable, 
derivatives agreements, contracts, and transactions, to assure the 
safeguarding of securities and funds which are in the custody or 
control of the clearing agency or for which it is responsible, and, in 
general, to protect investors and the public interest consistent with 
Section 17A(b)(3)(F) of the Exchange Act.\6\
---------------------------------------------------------------------------

    \5\ 15 U.S.C. 78q-1.
    \6\ 15 U.S.C. 78q-1(b)(3)(F).
---------------------------------------------------------------------------

    Furthermore, the proposed changes are limited in their effect to 
futures and swaps products offered under CME's authority to act as a 
derivatives clearing organization. These products are under the 
exclusive jurisdiction of the CFTC. As such, the proposed CME changes 
are limited to CME's activities as a derivatives clearing organization 
clearing swaps that are not security-based swaps; CME notes that the 
policies of the CFTC with respect to administering the Commodity 
Exchange Act are comparable to a number of the policies underlying the 
Exchange Act, such as promoting market transparency for over-the-
counter derivatives markets, promoting the prompt and accurate 
clearance of transactions and protecting investors and the public 
interest.
    Because the proposed changes are limited in their effect to swaps 
products offered under CME's authority to act as a derivatives clearing 
organization, the proposed changes are also properly classified as 
effecting a change in an existing service of CME that:
    (a) Primarily affects the clearing operations of CME with respect 
to products that are not securities, including futures that are not 
security futures, and swaps that are not security-based swaps or mixed 
swaps; and
    (b) does not significantly affect any securities clearing 
operations of CME or any rights or obligations of CME with respect to 
securities clearing or persons using such securities-clearing service.
    As such, the changes are therefore consistent with the requirements 
of Section 17A of the Exchange Act \7\ and are properly filed under 
Section 19(b)(3)(A) \8\ and Rule 19b-4(f)(4)(ii) \9\ thereunder.
---------------------------------------------------------------------------

    \7\ 15 U.S.C. 78q-1.
    \8\ 15 U.S.C. 78s(b)(3)(A).
    \9\ 17 CFR 240.19b-4(f)(4)(ii).
---------------------------------------------------------------------------

B. Self-Regulatory Organization's Statement on Burden on Competition

    CME does not believe that the proposed rule change will have any 
impact, or impose any burden, on competition. The rule change simply 
delists the SGD-SOR-Reuters reference rate of the discontinued 
benchmark and adds the reference rate SGD-SOR-VWAP for the new 
benchmark.

C. Self-Regulatory Organization's Statement on Comments on the Proposed 
Rule Change Received From Members, Participants, or Others

    CME has not solicited, and does not intend to solicit, comments 
regarding this proposed rule change. CME has not received any 
unsolicited written comments from interested parties.

III. Date of Effectiveness of the Proposed Rule Change and Timing for 
Commission Action

    The foregoing rule change has become effective pursuant to Section 
19(b)(3)(A) \10\ of the Act and Rule 19b-4(f)(4)(ii) \11\ thereunder. 
At any time within 60 days of the filing of the proposed rule change, 
the Commission summarily may temporarily suspend such rule change if it 
appears to the Commission that such action is necessary or appropriate 
in the public interest, for the protection of investors, or otherwise 
in furtherance of the purposes of the Act.\12\
---------------------------------------------------------------------------

    \10\ 15 U.S.C. 78s(b)(3)(A).
    \11\ 17 CFR 240.19b-4(f)(4)(ii).
    \12\ 15 U.S.C. 78s(b)(3)(C).
---------------------------------------------------------------------------

IV. Solicitation of Comments

    Interested persons are invited to submit written data, views and 
arguments concerning the foregoing, including whether the proposed rule 
change is consistent with the Act. Comments may be submitted by any of 
the following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml), or
     Send an email to rule-comments@sec.gov. Please include 
File No. SR-CME-2013-25 on the subject line.

Paper Comments

     Send paper comments in triplicate to Elizabeth M. Murphy, 
Secretary,

[[Page 67209]]

Securities and Exchange Commission, 100 F Street NE., Washington, DC, 
20549-1090.

All submissions should refer to File Number SR-CME-2013-25. This file 
number should be included on the subject line if email is used. To help 
the Commission process and review your comments more efficiently, 
please use only one method. The Commission will post all comments on 
the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, all 
written statements with respect to the proposed rule change that are 
filed with the Commission, and all written communications relating to 
the proposed rule change between the Commission and any person, other 
than those that may be withheld from the public in accordance with the 
provisions of 5 U.S.C. 552, will be available for Web site viewing and 
printing in the Commission's Public Reference Room, 100 F Street NE., 
Washington, DC 20549, on official business days between the hours or 
10:00 a.m. and 3:00 p.m. Copies of such filing also will be available 
for inspection and copying at the principal office of CME and on CME's 
Web site at http://www.cmegroup.com/market-regulation/rule-filings.html.
    All comments received will be posted without change; the Commission 
does not edit personal identifying information from submissions. You 
should submit only information that you wish to make available 
publicly. All submissions should refer to File Number SR-CME-2013-25 
and should be submitted on or before November 29, 2013.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\13\
---------------------------------------------------------------------------

    \13\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Kevin M. O'Neill,
Deputy Secretary .
[FR Doc. 2013-26755 Filed 11-7-13; 8:45 am]
BILLING CODE 8011-01-P