80 FR 51343 - Self-Regulatory Organizations; Chicago Mercantile Exchange Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Expand the Listing Schedule for the Urea (Granular) FOB US Gulf Coast Swaps (Clearing Only) Contract
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 80, Issue 163 (August 24, 2015)
Federal Register Volume 80, Issue 163 (August 24, 2015)
| Page Range | 51343-51345 | |
| FR Document | 2015-20789 |
[Federal Register Volume 80, Number 163 (Monday, August 24, 2015)] [Notices] [Pages 51343-51345] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-20789] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-75724; File No. SR-CME-2015-015] Self-Regulatory Organizations; Chicago Mercantile Exchange Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Expand the Listing Schedule for the Urea (Granular) FOB US Gulf Coast Swaps (Clearing Only) Contract August 18, 2015. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that on August 10, 2015, Chicago Mercantile Exchange Inc. (``CME'') filed with the Securities and Exchange Commission (``Commission'') the proposed rule change described in Items I, II and III below, which Items have been prepared primarily by CME. CME filed the proposal pursuant to Section 19(b)(3)(A) of the Act,\3\ and Rule 19b-4(f)(4)(ii) thereunder,\4\ 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). \4\ 17 CFR 240.19b-4(f)(4)(ii). --------------------------------------------------------------------------- [[Page 51344]] I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change CME is proposing to expand the listing schedule for the Urea (Granular) FOB US Gulf Coast Swaps (Clearing Only) contract listed on The Board of Trade of the City of Chicago, Inc. (``CBOT'') designated contract market, which is available for submission for clearing via CME ClearPort. More specifically, the CME ClearPort listing schedule as of August 17, 2015 will be amended from 12 consecutive calendar months to 24 consecutive calendar months. CME has determined that the amended listing schedule is more conducive to the needs of market participants. The text of the proposed rule change is below. Italicized text indicates additions; bracketed text indicates deletions. * * * * * ---------------------------------------------------------------------------------------------------------------- DCM: CBOT Current CME CME ClearPort Product title Rulebook Clearing code ClearPort listing listing schedule as chapter schedule of August 17, 2015 ---------------------------------------------------------------------------------------------------------------- Urea (Granular) FOB US Gulf Swaps 45 UFN [12 consecutive 24 consecutive (Clearing Only). calendar months]. calendar months. ---------------------------------------------------------------------------------------------------------------- * * * * * 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 (``CFTC'') and operates a substantial business clearing futures and swaps contracts subject to the jurisdiction of the CFTC. CME is proposing to expand the listing schedule for the Urea (Granular) FOB US Gulf Coast Swaps (Clearing Only) contract listed on the CBOT designated contract market, which is available for submission for clearing via CME ClearPort. More specifically, the CME ClearPort listing schedule as of August 17, 2015 will be amended from 12 consecutive calendar months to 24 consecutive calendar months. CME has determined that the amended listing schedule is more conducive to the needs of market participants. * * * * * A summary of the amendments to the Urea (Granular) FOB US Gulf Coast Swaps (Clearing Only) contract's listing schedule is set forth in the following table: ---------------------------------------------------------------------------------------------------------------- DCM: CBOT Current CME CME ClearPort Product title Rulebook Clearing code ClearPort listing listing schedule as chapter schedule of August 17, 2015 ---------------------------------------------------------------------------------------------------------------- Urea (Granular) FOB US Gulf Swaps 45 UFN 12 consecutive 24 consecutive (Clearing Only). calendar months. calendar months ---------------------------------------------------------------------------------------------------------------- * * * * * The proposed rule 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 CFTC. CME has not cleared security based swaps and does not plan to and therefore the proposed rule changes do not impact CME's security-based swap clearing business in any way. The proposed changes would become effective immediately. CME notes that it has also submitted the proposed rule changes that are the subject of this filing to its primary regulator, the CFTC, in CME Submission Number 15-290. CME believes the proposed rule changes are consistent with the requirements of the Exchange Act including Section 17A.\5\ The proposed rules expand the listing schedule for the Urea (Granular) FOB US Gulf Coast Swaps (Clearing Only) contract, which is available for submission for clearing via CME ClearPort, from 12 consecutive calendar months to 24 consecutive calendar months in response to the needs of market participants. These rule changes are therefore 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 to CME's futures and swaps clearing businesses, which mean they are limited in their effect to products that are under the exclusive jurisdiction of the CFTC. As such, the proposed CME changes are limited to CME's activities as a DCO clearing futures that are not security futures and 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 CME's futures and swaps clearing businesses, the proposed changes are 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, [[Page 51345]] including futures that are not security futures, swaps that are not security-based swaps or mixed swaps; and forwards that are not security forwards; 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 proposed changes involve expanding the listing schedule for the Urea (Granular) FOB US Gulf Coast Swaps (Clearing Only) contract listed on the CBOT designated contract market, which is available for submission for clearing via CME ClearPort. More specifically, the CME ClearPort listing schedule as of August 17, 2015 will be amended from 12 consecutive calendar months to 24 consecutive calendar months. CME has determined that the amended listing schedule is more conducive to the needs of market participants. 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 Pursuant to Section 19(b)(3)(A) of the Exchange Act \10\ and Rule 19b-4(f)(4)(ii) thereunder,\11\ CME has designated that this proposal constitutes 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 forwards that are not security forwards; 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, which renders the proposed change effective upon filing. --------------------------------------------------------------------------- \10\ 15 U.S.C. 78s(b)(3)(A). \11\ 17 CFR 240.19b-4(f)(4)(ii). --------------------------------------------------------------------------- CME believes that the proposal does not significantly affect any securities clearing operations of CME because CME recently filed a proposed rule change that clarified that CME has decided not to clear security-based swaps, except in a very limited set of circumstances.\12\ The rule filing reflecting CME's decision not to clear security-based swaps removed any ambiguity concerning CME's ability or intent to perform the functions of a clearing agency with respect to security-based swaps. Therefore, this proposal will have no effect on any securities clearing operations of CME. --------------------------------------------------------------------------- \12\ See Securities Exchange Act Release No. 73615 (Nov. 17, 2014), 79 FR 69545 (Nov. 21, 2014) (SR-CME-2014-49). The only exception is with regards to Restructuring European Single Name CDS Contracts created following the occurrence of a Restructuring Credit Event in respect of an iTraxx Component Transaction. The clearing of Restructuring European Single Name CDS Contracts will be a necessary byproduct after such time that CME begins clearing iTraxx Europe index CDS. --------------------------------------------------------------------------- At any time within 60 days of the filing of the proposed 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 Exchange Act. 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 CommentsUse the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml), or Send an email to [email protected]. Please include File No. SR-CME-2015-015 on the subject line. Paper Comments Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549-1090. All submissions should refer to File Number SR-CME-2015-015. 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 of 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-2015-015 and should be submitted on or before September 14, 2015. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\13\ --------------------------------------------------------------------------- \13\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Robert W. Errett, Deputy Secretary. [FR Doc. 2015-20789 Filed 8-21-15; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 80, No. 163 / Monday, August 24, 2015 / Notices 51343
by the venue to which the PO+ Order is fee, or other charge imposed by the 10:00 a.m. and 3:00 p.m. Copies of the
routed and the fees charged by the Exchange. filing will also be available for
Exchange for such orders. Further, the At any time within 60 days of the inspection and copying at the NYSE’s
proposed change is equitable and not filing of such proposed rule change, the principal office and on its Internet Web
unfairly discriminatory because the Commission summarily may site at www.nyse.com. All comments
rebate would apply uniformly across temporarily suspend such rule change if received will be posted without change;
pricing tiers and all similarly situated it appears to the Commission that such the Commission does not edit personal
ETP Holders would be subject to the action is necessary or appropriate in the identifying information from
same credit. public interest, for the protection of
submissions. You should submit only
investors, or otherwise in furtherance of
Finally, the Exchange believes that it information that you wish to make
the purposes of the Act. If the
is subject to significant competitive available publicly. All submissions
Commission takes such action, the
forces, as described below in the should refer to File Number SR–
Commission shall institute proceedings
Exchange’s statement regarding the NYSEARCA–2015–70 and should be
under section 19(b)(2)(B)12 of the Act to
burden on competition. For these submitted on or before September 14,
determine whether the proposed rule
reasons, the Exchange believes that the 2015.
change should be approved or
proposal is consistent with the Act.
disapproved. For the Commission, by the Division of
B. Self-Regulatory Organization’s IV. Solicitation of Comments Trading and Markets, pursuant to delegated
Statement on Burden on Competition authority.13
Interested persons are invited to
Robert W. Errett,
In accordance with section 6(b)(8) of submit written data, views, and
the Act,8 the Exchange believes that the arguments concerning the foregoing, Deputy Secretary.
proposed rule change would not impose including whether the proposed rule [FR Doc. 2015–20791 Filed 8–21–15; 8:45 am]
any burden on competition that is not change is consistent with the Act. BILLING CODE 8011–01–P
necessary or appropriate in furtherance Comments may be submitted by any of
of the purposes of the Act. In particular, the following methods:
the routing credits would not place a SECURITIES AND EXCHANGE
Electronic Comments COMMISSION
burden on competition because the
Exchange is maintaining the existing • Use the Commission’s Internet
relationship between the rebate comment form (http://www.sec.gov/ [Release No. 34–75724; File No. SR–CME–
provided by the Exchange for PO+ rules/sro.shtml); or 2015–015]
Order that are routed to the NYSE that • Send an email to rule-comments@
provide liquidity on the NYSE and the sec.gov. Please include File Number SR– Self-Regulatory Organizations;
rebate the NYSE provides to its NYSEARCA–2015–70 on the subject Chicago Mercantile Exchange Inc.;
members that provide liquidity.9 line. Notice of Filing and Immediate
The Exchange notes that it operates in Paper Comments Effectiveness of Proposed Rule
a highly competitive market in which • Send paper comments in triplicate Change To Expand the Listing
market participants can readily favor to Brent J. Fields, Secretary, Securities Schedule for the Urea (Granular) FOB
competing venues. In such an and Exchange Commission, 100 F Street US Gulf Coast Swaps (Clearing Only)
environment, the Exchange must NE., Washington, DC 20549–1090. Contract
continually review, and consider All submissions should refer to File
adjusting, its fees and credits to remain August 18, 2015.
Number SR–NYSEARCA–2015–70. This
competitive with other exchanges. For file number should be included on the Pursuant to Section 19(b)(1) of the
the reasons described above, the subject line if email is used. To help the Securities Exchange Act of 1934
Exchange believes that this proposal Commission process and review your (‘‘Act’’),1 and Rule 19b–4 thereunder,2
promotes a competitive environment. comments more efficiently, please use notice is hereby given that on August
C. Self-Regulatory Organization’s only one method. The Commission will 10, 2015, Chicago Mercantile Exchange
Statement on Comments on the post all comments on the Commission’s Inc. (‘‘CME’’) filed with the Securities
Proposed Rule Change Received From Internet Web site (http://www.sec.gov/ and Exchange Commission
Members, Participants, or Others rules/sro.shtml). Copies of the (‘‘Commission’’) the proposed rule
submission, all subsequent change described in Items I, II and III
No written comments were solicited amendments, all written statements below, which Items have been prepared
or received with respect to the proposed with respect to the proposed rule primarily by CME. CME filed the
rule change. change that are filed with the proposal pursuant to Section 19(b)(3)(A)
III. Date of Effectiveness of the Commission, and all written of the Act,3 and Rule 19b–4(f)(4)(ii)
Proposed Rule Change and Timing for communications relating to the thereunder,4 so that the proposal was
Commission Action proposed rule change between the effective upon filing with the
Commission and any person, other than Commission. The Commission is
The foregoing rule change is effective those that may be withheld from the publishing this notice to solicit
upon filing pursuant to section public in accordance with the comments on the proposed rule change
19(b)(3)(A) 10 of the Act and provisions of 5 U.S.C. 552, will be from interested persons.
tkelley on DSK3SPTVN1PROD with NOTICES
subparagraph (f)(2) of Rule 19b–4 11 available for Web site viewing and
thereunder, because it establishes a due, printing in the Commission’s Public
Reference Room, 100 F Street NE., 13 17 CFR 200.30–3(a)(12).
8 15 U.S.C. 78f(b)(8). Washington, DC 20549, on official 1 15 U.S.C. 78s(b)(1).
9 See supra note 5. business days between the hours of 2 17 CFR 240.19b–4.
10 15 U.S.C. 78s(b)(3)(A). 3 15 U.S.C. 78s(b)(3)(A).
11 17 CFR 240.19b–4(f)(2). 12 15 U.S.C. 78s(b)(2)(B). 4 17 CFR 240.19b–4(f)(4)(ii).
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![51344 Federal Register / Vol. 80, No. 163 / Monday, August 24, 2015 / Notices
I. Self-Regulatory Organization’s Trade of the City of Chicago, Inc. months. CME has determined that the
Statement of the Terms of Substance of (‘‘CBOT’’) designated contract market, amended listing schedule is more
the Proposed Rule Change which is available for submission for conducive to the needs of market
clearing via CME ClearPort. More participants. The text of the proposed
CME is proposing to expand the specifically, the CME ClearPort listing rule change is below. Italicized text
listing schedule for the Urea (Granular) schedule as of August 17, 2015 will be indicates additions; bracketed text
FOB US Gulf Coast Swaps (Clearing amended from 12 consecutive calendar indicates deletions.
Only) contract listed on The Board of months to 24 consecutive calendar * * * * *
DCM: CME ClearPort listing
CBOT Clearing Current CME ClearPort
Product title schedule as of August 17,
Rulebook code listing schedule 2015
chapter
Urea (Granular) FOB US Gulf Swaps (Clearing Only) 45 UFN [12 consecutive calendar 24 consecutive calendar
months]. months.
* * * * * A. Self-Regulatory Organization’s submission for clearing via CME
Statement of the Purpose of, and ClearPort. More specifically, the CME
II. Self-Regulatory Organization’s
Statutory Basis for, the Proposed Rule ClearPort listing schedule as of August
Statement of the Purpose of, and
Change 17, 2015 will be amended from 12
Statutory Basis for, the Proposed Rule
Change consecutive calendar months to 24
CME is registered as a derivatives
consecutive calendar months. CME has
In its filing with the Commission, clearing organization with the
determined that the amended listing
CME included statements concerning Commodity Futures Trading
Commission (‘‘CFTC’’) and operates a schedule is more conducive to the needs
the purpose and basis for the proposed
rule change and discussed any substantial business clearing futures and of market participants.
comments it received on the proposed swaps contracts subject to the * * * * *
rule change. The text of these statements jurisdiction of the CFTC. CME is A summary of the amendments to the
may be examined at the places specified proposing to expand the listing Urea (Granular) FOB US Gulf Coast
in Item IV below. CME has prepared schedule for the Urea (Granular) FOB Swaps (Clearing Only) contract’s listing
summaries, set forth in sections A, B, US Gulf Coast Swaps (Clearing Only) schedule is set forth in the following
and C below, of the most significant contract listed on the CBOT designated table:
aspects of such statements. contract market, which is available for
DCM: CME ClearPort listing
CBOT Clearing Current CME ClearPort
Product title schedule as of
Rulebook code listing schedule August 17, 2015
chapter
Urea (Granular) FOB US Gulf Swaps (Clearing Only) 45 UFN 12 consecutive calendar 24 consecutive calendar
months. months
* * * * * Swaps (Clearing Only) contract, which that are under the exclusive jurisdiction
The proposed rule changes that are is available for submission for clearing of the CFTC. As such, the proposed
described in this filing are limited to via CME ClearPort, from 12 consecutive CME changes are limited to CME’s
CME’s business as a derivatives clearing calendar months to 24 consecutive activities as a DCO clearing futures that
organization clearing products under calendar months in response to the are not security futures and swaps that
the exclusive jurisdiction of the CFTC. needs of market participants. These rule are not security-based swaps. CME notes
CME has not cleared security based changes are therefore designed to that the policies of the CFTC with
swaps and does not plan to and promote the prompt and accurate respect to administering the Commodity
therefore the proposed rule changes do clearance and settlement of securities Exchange Act are comparable to a
not impact CME’s security-based swap transactions and, to the extent number of the policies underlying the
clearing business in any way. The applicable, derivatives agreements, Exchange Act, such as promoting
proposed changes would become contracts, and transactions, to assure the market transparency for over-the-
effective immediately. CME notes that it safeguarding of securities and funds counter derivatives markets, promoting
has also submitted the proposed rule which are in the custody or control of the prompt and accurate clearance of
changes that are the subject of this filing the clearing agency or for which it is transactions and protecting investors
to its primary regulator, the CFTC, in responsible, and, in general, to protect and the public interest.
CME Submission Number 15–290. investors and the public interest Because the proposed changes are
CME believes the proposed rule consistent with Section 17A(b)(3)(F) of limited in their effect to CME’s futures
tkelley on DSK3SPTVN1PROD with NOTICES
changes are consistent with the the Exchange Act.6 and swaps clearing businesses, the
requirements of the Exchange Act Furthermore, the proposed changes proposed changes are properly
including Section 17A.5 The proposed are limited to CME’s futures and swaps classified as effecting a change in an
rules expand the listing schedule for the clearing businesses, which mean they existing service of CME that:
Urea (Granular) FOB US Gulf Coast are limited in their effect to products (a) Primarily affects the clearing
operations of CME with respect to
5 15 U.S.C. 78q–1. 6 15 U.S.C. 78q–1(b)(3)(F). products that are not securities,
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![Federal Register / Vol. 80, No. 163 / Monday, August 24, 2015 / Notices 51345
including futures that are not security significantly affect any securities comments more efficiently, please use
futures, swaps that are not security- clearing operations of CME or any rights only one method. The Commission will
based swaps or mixed swaps; and or obligations of CME with respect to post all comments on the Commission’s
forwards that are not security forwards; securities clearing or persons using such Internet Web site (http://www.sec.gov/
and securities-clearing service, which rules/sro.shtml). Copies of the
(b) does not significantly affect any renders the proposed change effective submission, all subsequent
securities clearing operations of CME or upon filing. amendments, all written statements
any rights or obligations of CME with CME believes that the proposal does with respect to the proposed rule
respect to securities clearing or persons not significantly affect any securities change that are filed with the
using such securities-clearing service. clearing operations of CME because Commission, and all written
As such, the changes are therefore CME recently filed a proposed rule communications relating to the
consistent with the requirements of change that clarified that CME has proposed rule change between the
Section 17A of the Exchange Act 7 and decided not to clear security-based Commission and any person, other than
are properly filed under Section swaps, except in a very limited set of those that may be withheld from the
19(b)(3)(A) 8 and Rule 19b–4(f)(4)(ii) 9 circumstances.12 The rule filing public in accordance with the
thereunder. reflecting CME’s decision not to clear provisions of 5 U.S.C. 552, will be
security-based swaps removed any available for Web site viewing and
B. Self-Regulatory Organization’s ambiguity concerning CME’s ability or printing in the Commission’s Public
Statement on Burden on Competition intent to perform the functions of a Reference Room, 100 F Street NE.,
CME does not believe that the clearing agency with respect to security- Washington, DC 20549, on official
proposed rule change will have any based swaps. Therefore, this proposal business days between the hours of
impact, or impose any burden, on will have no effect on any securities 10:00 a.m. and 3:00 p.m. Copies of such
competition. The proposed changes clearing operations of CME. filing also will be available for
involve expanding the listing schedule At any time within 60 days of the inspection and copying at the principal
for the Urea (Granular) FOB US Gulf filing of the proposed change, the office of CME and on CME’s Web site at
Coast Swaps (Clearing Only) contract Commission summarily may http://www.cmegroup.com/market-
listed on the CBOT designated contract temporarily suspend such rule change if regulation/rule-filings.html.
market, which is available for it appears to the Commission that such All comments received will be posted
submission for clearing via CME action is necessary or appropriate in the without change; the Commission does
ClearPort. More specifically, the CME public interest, for the protection of not edit personal identifying
ClearPort listing schedule as of August investors, or otherwise in furtherance of information from submissions. You
17, 2015 will be amended from 12 the purposes of the Exchange Act. should submit only information that
consecutive calendar months to 24 IV. Solicitation of Comments you wish to make available publicly.
consecutive calendar months. CME has All submissions should refer to File
Interested persons are invited to Number SR–CME–2015–015 and should
determined that the amended listing
submit written data, views and be submitted on or before September 14,
schedule is more conducive to the needs
arguments concerning the foregoing, 2015.
of market participants.
including whether the proposed rule
C. Self-Regulatory Organization’s change is consistent with the Act. For the Commission, by the Division of
Statement on Comments on the Comments may be submitted by any of Trading and Markets, pursuant to delegated
authority.13
Proposed Rule Change Received From the following methods:
Members, Participants, or Others Robert W. Errett,
Electronic Comments Deputy Secretary.
CME has not solicited, and does not • Use the Commission’s Internet [FR Doc. 2015–20789 Filed 8–21–15; 8:45 am]
intend to solicit, comments regarding comment form (http://www.sec.gov/ BILLING CODE 8011–01–P
this proposed rule change. CME has not rules/sro.shtml), or
received any unsolicited written • Send an email to rule-comments@
comments from interested parties. sec.gov. Please include File No. SR– DEPARTMENT OF TRANSPORTATION
III. Date of Effectiveness of the CME–2015–015 on the subject line.
Proposed Rule Change and Timing for Paper Comments Federal Aviation Administration
Commission Action
• Send paper comments in triplicate Agency Information Collection
Pursuant to Section 19(b)(3)(A) of the to Secretary, Securities and Exchange Activities: Requests for Comments;
Exchange Act 10 and Rule 19b–4(f)(4)(ii) Commission, 100 F Street NE., Clearance of Renewed Approval of
thereunder,11 CME has designated that Washington, DC 20549–1090. Information Collection: Recording of
this proposal constitutes a change in an All submissions should refer to File Aircraft Conveyances and Security
existing service of CME that (a) Number SR–CME–2015–015. This file Documents
primarily affects the clearing operations number should be included on the
of CME with respect to products that are AGENCY: Federal Aviation
subject line if email is used. To help the Administration (FAA), DOT.
not securities, including futures that are Commission process and review your
not security futures, and swaps that are ACTION: Notice and request for
not security-based swaps or mixed 12 See Securities Exchange Act Release No. 73615 comments.
swaps, and forwards that are not (Nov. 17, 2014), 79 FR 69545 (Nov. 21, 2014) (SR–
tkelley on DSK3SPTVN1PROD with NOTICES
security forwards; and (b) does not CME–2014–49). The only exception is with regards SUMMARY: In accordance with the
to Restructuring European Single Name CDS Paperwork Reduction Act of 1995, FAA
7 15 U.S.C. 78q–1.
Contracts created following the occurrence of a invites public comments about our
8 15
Restructuring Credit Event in respect of an iTraxx intention to request the Office of
U.S.C. 78s(b)(3)(A). Component Transaction. The clearing of
9 17 CFR 240.19b–4(f)(4)(ii).
Restructuring European Single Name CDS Contracts Management and Budget (OMB)
10 15 U.S.C. 78s(b)(3)(A).
will be a necessary byproduct after such time that
11 17 CFR 240.19b–4(f)(4)(ii). CME begins clearing iTraxx Europe index CDS. 13 17 CFR 200.30–3(a)(12).
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Document Created: 2015-12-15 10:55:04
Document Modified: 2015-12-15 10:55:04
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| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| FR Citation | 80 FR 51343 |
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