76428 Federal Register / Vol. 79, No. 245 / Monday, December 22, 2014 / Notices 

13 17 CFR 200.30–3(a)(12). 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 72412 

(June 17, 2014), 79 FR 35610. 4 15 U.S.C. 78s(b)(2). 

5See Securities Exchange Act Release No. 72779, 

79 FR 47162 (Aug. 12, 2014). The Commission 

designated a longer period within which to take 

action on the proposed rule change and designated 

September 19, 2014 as the date by which it should 

approve, disapprove, or institute proceedings to 

determine whether to disapprove the proposed rule 

change. 

6 15 U.S.C. 78s(b)(2)(B). 

7See Securities Exchange Act Release No. 73142, 

79 FR 57150 (Sept. 24, 2014) (‘‘Order Instituting 

Proceedings’’). Specifically, the Commission 

instituted proceedings to allow for additional 

analysis of the proposed rule change’s consistency 

with Section 6(b)(5) of the Act, which requires, 

among other things, that the rules of a national 

securities exchange be ‘‘designed to prevent 

fraudulent and manipulative acts and practices, to 

promote just and equitable principles of trade,’’ and 

‘‘to protect investors and the public interest.’’ See 

id. at 57157. 

8See id. 

9See Letter from Jack Fonss, CEO and CoFounder of the Sponsor, to Kevin O’Neill, Deputy 

Secretary, Commission (Sept. 25, 2015); Letter from 

Robert E. Whaley, Valere Blair Potter Professor of 

Finance, Director, Financial Markets Research 

Center, Vanderbilt Owen Graduate School of 

Management, to Kevin O’Neill, Deputy Secretary, 

Commission (Oct. 8, 2014); Letter from David B. 

Allen to Commission (Oct. 11, 2014); Letter from 

Mark Kassner to Commission (Oct. 13, 2014); Letter 

from Ned Cataldo, Chief Operating Officer and CoFounder of the Sponsor, to Heather Seidel, 

Associate Director, Commission (Oct. 24, 2014); 

Letter from Jurij Trypupenko, Associate General 

Counsel, Exchange, to Brent J. Fields, Secretary, 

Commission (Oct. 28, 2014). All comment letters 

are available at: http://www.sec.gov/comments/srnasdaq-2014-065/nasdaq2014065.shtml. 

10 15 U.S.C. 78s(b)(2). 

11See supra note 3 and accompanying text. 

12 15 U.S.C. 78s(b)(2). 

13 17 CFR 200.30–3(a)(57). 

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). 

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 the Exchange. 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– 

NYSEMKT–2014–106, and should be 

submitted on or before January 12, 2015. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.13

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2014–29816 Filed 12–19–14; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–73843; File No. SR– 

NASDAQ–2014–065] 

Self-Regulatory Organizations; 

NASDAQ Stock Market LLC, Inc.; 

Notice of Designation of a Longer 

Period for Commission Action on 

Proceedings To Determine Whether To 

Approve or Disapprove a Proposed 

Rule Change To Adopt New Rule 5713 

and List Paired Class Shares Issued by 

AccuShares® Commodities Trust I 

December 16, 2014. 

On June 11, 2014, The NASDAQ 

Stock Market LLC (‘‘Exchange’’) filed 

with the Securities and Exchange 

Commission (‘‘Commission’’), pursuant 

to Section 19(b)(1) of the Securities 

Exchange Act of 1934 (‘‘Act’’) 1 and Rule 

19b–4 thereunder,2 a proposed rule 

change to: (1) Adopt listing standards 

for Paired Class Shares in new Rule 

5713; and (2) list and trade Paired Class 

Shares issued by AccuShares®

Commodities Trust I relating to the 

following funds pursuant to new Rule 

5713—(a) AccuShares S&P GSCI® Spot 

Fund; (b) AccuShares S&P GSCI®

Agriculture and Livestock Spot Fund; 

(c) AccuShares S&P GSCI® Industrial 

Metals Spot Fund; (d) AccuShares S&P 

GSCI® Crude Oil Spot Fund; (e) 

AccuShares S&P GSCI® Brent Oil Spot 

Fund; (f) AccuShares S&P GSCI®

Natural Gas Spot Fund; and (g) 

AccuShares Spot CBOE® VIX® Fund. 

The proposed rule change was 

published for comment in the Federal 

Register on June 23, 2014.3 On August 

6, 2014, pursuant to Section 19(b)(2) of 

the Act,4 the Commission designated a 

longer period within which to approve 

the proposed rule change, disapprove 

the proposed rule change, or institute 

proceedings to determine whether to 

approve or disapprove the proposed 

rule change.5 On September 18, 2014, 

the Commission instituted proceedings 

under Section 19(b)(2)(B) of the Act 6 to 

determine whether to approve or 

disapprove the proposed rule change.7

In the Order Instituting Proceedings, the 

Commission solicited responses to 

specified matters related to the 

proposal.8 Subsequently, the 

Commission received six comment 

letters regarding the proposed rule 

change.9

Section 19(b)(2) of the Act 10 provides 

that, after initiating disapproval 

proceedings, the Commission shall issue 

an order approving or disapproving the 

proposed rule change not later than 180 

days after the date of publication of 

notice of the filing of the proposed rule 

change. The Commission may, however, 

extend the period for issuing an order 

approving or disapproving the proposed 

rule change by not more than 60 days 

if the Commission determines that a 

longer period is appropriate and 

publishes the reasons for such 

determination. The proposed rule 

change was published for notice and 

comment in the Federal Register on 

June 23, 2014.11 The 180th day after 

publication of the notice of the filing of 

the proposed rule change in the Federal 

Register is December 20, 2014. 

The Commission finds that it is 

appropriate to designate a longer period 

within which to issue an order 

approving or disapproving the proposed 

rule change so that it has sufficient time 

to consider the proposed rule change 

and the comment letters submitted in 

response to the Order Instituting 

Proceedings. 

Accordingly, the Commission, 

pursuant to Section 19(b)(2) of the 

Act,12 designates February 18, 2015 as 

the date by which the Commission shall 

either approve or disapprove the 

proposed rule change (File No. SR– 

NASDAQ–2014–065). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.13

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2014–29813 Filed 12–19–14; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–73849; File No. SR–CME– 

2014–51] 

Self-Regulatory Organizations; 

Chicago Mercantile Exchange Inc.; 

Notice of Filing and Immediate 

Effectiveness of Proposed Rule 

Change Related to Enhancements to 

Its Risk Model for Credit Default Swaps 

December 16, 2014. 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 

(‘‘Exchange Act’’ or ‘‘Act’’),1 and Rule 

19b–4 thereunder,2 notice is hereby 

given that on December 8, 2014, 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) 4 thereunder, so that the 


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