• Amendments to the New York Mercantile Exchange, Inc. Rulebook Chapter 7

      • From
      • Registrar's Office
      • #
      • MKR10-16-14A
      • Notice Date
      • 16 October 2014
      • Effective Date
      • 16 October 2014

      DATE:            October 16, 2014   

      MKR#:           MKR10-16-14A       

      SUBJECT:      Amendments to the New York Mercantile Exchange, Inc. Rulebook Chapter 7          



      Effective trade date October 20, 2014 and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will amend NYMEX Rulebook Chapter 7 in connection with the listing of the physically delivered Illinois Basin Coal futures contract (see SER-7206 published October 1, 2014) on the same trade date. The amendments are intended to incorporate the terms and conditions for approval of coal terminals and withdrawal or revocation of approved status of such coal terminals. 

      In addition, the Exchange is amending Rule 703.B.5.f, Conditions for Approval – Financial Statements, such that an approved metals storage firm is required to notify the Exchange of any substantial reduction in their capital as opposed to notifying the Exchange upon a reduction of 20% of the firm’s tangible net worth.

      The amendments to NYMEX Chapter 7 can be found in black-line format at the following link: http://www.cmegroup.com/market-regulation/files/14-416_2_AppA.pdf


      Market Surveillance

      Products:                       Nadine Brown                Nadine.Brown@cmegroup.com              (212) 299-2223

      Registrar’s Office:         Terry Gehring                Terry.Gehring@cmegroup.com               (312) 435-3644