[Federal Register Volume 78, Number 64 (Wednesday, April 3, 2013)]
[Notices]
[Page 20160]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-07713]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-69254; File No. SR-CME-2012-34]


Self-Regulatory Organizations; Chicago Mercantile Exchange Inc.; 
Notice of Withdrawal of Proposed Rule Change Related to the Liquidity 
Factor of CME's CDS Margin Methodology

March 28, 2013.
    On December 10, 2012, Chicago Mercantile Exchange Inc. (``CME'') 
filed with the Securities and Exchange Commission (``Commission''), 
pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 \1\ 
and Rule 19b-4 thereunder,\2\ a proposed rule change to make 
adjustments to the liquidity risk factor component of its credit 
default swap (``CDS'') margin model. The proposed rule change would 
permit CME to use an index portfolio's market risk rather than its 
gross notional as the basis for determining the margins associated with 
the liquidity risk factor of CME's CDS margin methodology. Notice of 
the proposed rule change was published in the Federal Register on 
December 31, 2012.\3\ The Commission did not receive comments on the 
proposal.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Securities Exchange Act Release No. 68529 (Dec. 21, 2012), 
77 FR 77160 (Dec. 31, 2012).
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    On February 14, 2013, the Commission extended the time period in 
which to either approve the proposed rule change, disapprove the 
proposed rule change, or institute proceedings to determine whether to 
disapprove the proposed rule change to March 31, 2013.\4\ On March 28, 
2013, CME withdrew the proposed rule change (SR-CME-2012-34).
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    \4\ Securities Exchange Act Release No. 68929 (Feb. 14, 2013), 
78 FR 12127 (Feb. 21, 2013).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\5\
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    \5\ 17 CFR 200.30-3(a)(12).
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Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-07713 Filed 4-2-13; 8:45 am]
BILLING CODE 8011-01-P