Risk Management Requirements for Derivatives Clearing Organizations; Correction, 16588 [2011-6976]

Download as PDF 16588 Federal Register / Vol. 76, No. 57 / Thursday, March 24, 2011 / Proposed Rules would require a DCO to collect initial margin on a gross basis for each clearing member’s customer account equal to the sum of the initial margin amounts that would be required by the DCO for each individual customer within that account if each individual customer were a clearing member. A DCO would not be permitted to net positions of different customers against one another, but it could collect initial margin for its clearing members’ house accounts on a net basis.7 Related to this customer gross margin requirement, the preamble further explained as follows, that proposed § 39.19(c)(1)(iv) would require DCOs to report end-of-day positions for each clearing member, by customer origin and house origin, and for customer origin, separately, the gross positions of each beneficial owner: The Commission recently proposed a new § 39.19(c)(1)(iv) under which a DCO would be required, on a daily basis, to report the end-of-day positions for each clearing member, by origin. [footnote reference to 75 FR at 78195] In connection with the proposed § 39.13(g)(8)(i) requirement for DCOs to collect initial margin for customer accounts on a gross basis, the Commission is proposing to amend proposed § 39.19(c)(1)(iv) to additionally require a DCO, for the customer origin, to report the gross positions of each beneficial owner.8 jdjones on DSK8KYBLC1PROD with PROPOSALS-1 It has come to the attention of the Commission that there was an omission in the Federal Register publication of the proposed rule text setting forth the requirement for end-of-day reporting of customer positions by the gross positions of each beneficial owner. The text of proposed § 39.19(c)(1)(iv), which read ‘‘End-of-day positions for each clearing member, by customer origin and house origin’’ should have read, ‘‘End-of-day positions for each clearing member, by customer origin and house origin; and for customer origin, separately, the gross positions of each beneficial owner.’’ In order to provide an adequate opportunity for comment on this reporting requirement, the Commission has determined to extend the comment period for proposed § 39.19(c)(1)(iv), as corrected elsewhere in this issue of the Federal Register, until April 25, 2011. Issued in Washington, DC, on March 17, 2011, by the Commission. David A. Stawick, Secretary of the Commission. [FR Doc. 2011–6972 Filed 3–23–11; 8:45 am] BILLING CODE 6351–01–P 7 76 FR at 3706. 8 Id. VerDate Mar<15>2010 14:51 Mar 23, 2011 Jkt 223001 COMMODITY FUTURES TRADING COMMISSION 17 CFR Part 39 RIN 3038–AC98 Risk Management Requirements for Derivatives Clearing Organizations; Correction Commodity Futures Trading Commission. ACTION: Notice of proposed rulemaking; correction. AGENCY: This document corrects incorrect text published in the Federal Register of January 20, 2011, regarding Risk Management Requirements for Derivatives Clearing Organizations. FOR FURTHER INFORMATION CONTACT: Phyllis Dietz, 202–418–5449. SUMMARY: Correction In proposed rule document 2011–690, in the issue of Thursday, January 20, 2011, on page 3726, in the first column, the text of proposed § 39.19(c)(1)(iv), which reads ‘‘End-of-day positions for each clearing member, by customer origin and house origin’’ should read, ‘‘End-of-day positions for each clearing member, by customer origin and house origin; and for customer origin, separately, the gross positions of each beneficial owner.’’ FOR FURTHER INFORMATION CONTACT: Tanya Phillips, 202–632–2879 Correction In the proposed rule FR Doc. 2011– 3878 of February 24, 2011, page 10293, in the second column, correct lines 47 through 71 to read as follows: ‘‘Comments from the public on the information collection may be submitted until May 23, 2011. Comments should be sent by any of the following methods: • E-mail: DDTCResponseTeam@state.gov with the subject line, ‘‘Electronic Payment of Registration Fees.’’ • Mail: PM/DDTC, SA–1, H1200, Directorate of Defense Trade Controls, Office of Defense Trade Controls Compliance, ATTN: Electronic Payment of Registration Fees, Bureau of Political Military Affairs, U.S. Department of State, Washington, DC 20522–0112. • Internet: View and comment on the original notice by searching for its RIN (1400–AC74) on the U.S. Government regulations Web site at https:// www.regulations.gov.’’ Dated: March 17, 2011. Robert S. Kovac, Managing Director of Defense Trade Controls, Bureau of Political-Military Affairs, U.S. Department of State. [FR Doc. 2011–6977 Filed 3–23–11; 8:45 am] BILLING CODE 4710–25–P Dated: March 18, 2011. David A. Stawick, Secretary of the Commission. POSTAL SERVICE [FR Doc. 2011–6976 Filed 3–23–11; 8:45 am] Combined Mailings of Standard Mail and Periodicals Flats 39 CFR Parts 111 and 121 BILLING CODE P Postal ServiceTM. Proposed rule. AGENCY: DEPARTMENT OF STATE ACTION: 22 CFR Parts 120, 122, 123 and 129 The Postal Service is proposing to revise Mailing Standards of the United States Postal Service, Domestic Mail Manual (DMM®) 705.14 and 708.1.1 to provide a new option for mailers to combine Standard Mail® flats and Periodicals flats within the same bundle, when placed on pallets, and to combine bundles of Standard Mail flats and bundles of Periodicals flats on the same pallet. The Postal Service also proposes to revise section 121.2 of title 39, Code of Federal Regulations to reflect that the Standard Mail service standards apply to all Periodicals flats pieces entered in such combined mailings. DATES: We must receive your comments on or before April 25, 2011. ADDRESSES: Mail or deliver written comments to the Manager, Mailing Standards, U.S. Postal Service, 475 L’Enfant Plaza, SW., Room 4446, [Public Notice: 7386] RIN 1400–AC74 Amendment to the International Traffic in Arms Regulations: Electronic Payment of Registration Fees; 60-Day Notice of the Proposed Statement of Registration Information Collection; Correction Department of State. Proposed rule; correction. AGENCY: ACTION: The Department of State published a proposed rule in the Federal Register on February 24, 2011, concerning a proposed ‘‘DS–2032 Statement of Registration’’ Information Collection. The proposed rule contained incorrect addresses for the submission of public comments concerning the information collection. SUMMARY: PO 00000 Frm 00040 Fmt 4702 Sfmt 4702 SUMMARY: E:\FR\FM\24MRP1.SGM 24MRP1

Agencies

[Federal Register Volume 76, Number 57 (Thursday, March 24, 2011)]
[Proposed Rules]
[Page 16588]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-6976]


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COMMODITY FUTURES TRADING COMMISSION

17 CFR Part 39

RIN 3038-AC98


Risk Management Requirements for Derivatives Clearing 
Organizations; Correction

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of proposed rulemaking; correction.

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SUMMARY: This document corrects incorrect text published in the Federal 
Register of January 20, 2011, regarding Risk Management Requirements 
for Derivatives Clearing Organizations.

FOR FURTHER INFORMATION CONTACT: Phyllis Dietz, 202-418-5449.

Correction

    In proposed rule document 2011-690, in the issue of Thursday, 
January 20, 2011, on page 3726, in the first column, the text of 
proposed Sec.  39.19(c)(1)(iv), which reads ``End-of-day positions for 
each clearing member, by customer origin and house origin'' should 
read, ``End-of-day positions for each clearing member, by customer 
origin and house origin; and for customer origin, separately, the gross 
positions of each beneficial owner.''

    Dated: March 18, 2011.
David A. Stawick,
Secretary of the Commission.
[FR Doc. 2011-6976 Filed 3-23-11; 8:45 am]
BILLING CODE P
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