[Federal Register Volume 78, Number 23 (Monday, February 4, 2013)]
[Page 7844]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-02299]

[[Page 7844]]



[Release No. 34-68757; File No. SR-ICEEU-2012-08]

Self-Regulatory Organizations; ICE Clear Europe Limited; Notice 
of Withdrawal of Proposed Rule Change To Clear Western European 
Sovereign CDS Contracts

January 29, 2013.
    On October 15, 2012, ICE Clear Europe Limited (``ICE Clear 
Europe'') 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 provide for the clearing of Western European Sovereign credit 
default swap contracts on the following sovereign reference entities: 
Republic of Ireland, Italian Republic, Hellenic Republic, Portuguese 
Republic, and Kingdom of Spain. Notice of the proposed rule change was 
published in the Federal Register on November 2, 2012.\3\ The 
Commission received one comment on the proposed rule change.\4\

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 34-68119 (October 
29, 2012), 77 FR 66209 (November 2, 2012).
    \4\ See Comments submitted to the Commission by Darrell Duffie, 
Stanford University dated November 7, 2012 (http://sec.gov/comments/sr-iceeu-2012-08/iceeu201208.shtml).

    On December 14, 2012, 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 January 31, 2013.\5\ On January 
24, 2013, ICE Clear Europe withdrew the proposed rule change (SR-ICEEU-

    \5\ See Securities Exchange Act Release No. 34-68437 (December 
14, 2012), 77 FR 75466 (December 20, 2012).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\

    \6\ 17 CFR 200.30-3(a)(12).

Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-02299 Filed 2-1-13; 8:45 am]