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]
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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
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[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 (https://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
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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 (https://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
https://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 (https://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 (https://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 https://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\
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\13\ 17 CFR 200.30-3(a)(12).
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Kevin M. O'Neill,
Deputy Secretary .
[FR Doc. 2013-26755 Filed 11-7-13; 8:45 am]
BILLING CODE 8011-01-P
