Amendments to Rulebook Chapter 7 of the Chicago Mercantile Exchange Inc.

Market Surveillance

DATE:                    November 12, 2014

MKR#:                  11-12-14

SUBJECT:             Amendments to Rulebook Chapter 7 of the Chicago Mercantile Exchange Inc.

Effective Tuesday, November 18, 2014 and pending all relevant CFTC regulatory review periods, the Chicago Mercantile Exchange Inc. (“CME” or “Exchange”) will amend Chapter 7 of the CME Rulebook to introduce CME Rule 719 (“Initial Regularity for Delivery against a New Futures Contract”). CME Rule 719 shall require that initial regularity for delivery against a new futures contract, concurrent with the listing of such new futures contract, be effective either fifteen (15) days after the Exchange posts a notice that a bona fide application has been received or the day after the application is approved by the Exchange, whichever is later.

In addition, the Exchange is also amending CME Chapter 7, Rule 704 (“Approved Stockyards and Slaughter Plants for Live Cattle”) such that, for listed physically delivered contracts, initial regularity and increases in regularity shall be effective either thirty (30) days after the Exchange posts a notice that a bona fide application has been received or the day after the application is approved by the Exchange, whichever is later.

The amendments to CME Chapter 7 can be found in black-line format on the CME Group website, at the following link: CME Submission 14-451.

Please refer questions on this subject to:

Market Regulation

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

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