• Revocation of Approved Status for Warranting and Delivery of Brand under the COMEX Gold Kilo Futures Contract

      • From
      • Registrar's Office
      • #
      • MKR05-15-18
      • Notice Date
      • 15 May 2018
      • Effective Date
      • 15 May 2018
    • DATE:                 May 15, 2018

      MKR#:                05-15-18

      SUBJECT:          Revocation of Approved Status for Warranting and Delivery of Brand                                           under the COMEX Gold Kilo Futures Contract

      Effective immediately, Commodity Exchange, Inc. (“COMEX” or “Exchange”) has revoked the approved status for registration (warranting) for delivery and delivery of the following Brand against the Exchange’s Gold Kilo Futures contract (CME Globex/CME ClearPort Code: GCK; Rulebook Chapter 114):

      Gold Kilo (GCK) Brand

      Producer

      Refined At

      Code

      Brand Marks

      JSC Ekaterinburg Non-Ferrous Metals Processing Plant

      Russia

      JSCE

      Ekaterinburg logo, Cyrillic ED and ______ ('Russia' in Cyrillic script) in oval

      the “Former Approved Brand”.

      As such, gold of a Former Approved Brand and warrants issued for gold of a Former Approved Brand shall not be deliverable under the Exchange’s Gold Kilo Futures contracts.

      There is currently no warranted material of a Former Approved Brand at Exchange-approved Depositories. Any unwarranted material of a Former Approved Brand at Exchange-approved Depositories will no longer be deemed, or reported as, eligible for registration.

      The Former Approved Brand is hereby removed from the list of Exchange approved Brand marks as provided in Chapter 7 of the Exchange Rules.

      The Exchange notes that the US Department of the Treasury’s Office of Foreign Assets Control ("OFAC"), in consultation with the Department of State, designated certain legal and natural persons as subject to sanctions, including Renova Group. Accordingly, the Exchange is taking the actions set out in this notice in respect of the Former Approved Brand pursuant to Exchange Rule 703.C.

      Please refer questions on this subject to:

      Market Surveillance

      Terry Gehring                          Terry.Gehring@cmegroup.com       +1 312 435 3644                    

      The Commodity Futures Trading Commission (“CFTC”) will be notified of the aforementioned during the week of May 21, 2018 via the weekly notification procedures set out in Part 40 of the CFTC’s Regulations.