Regulations Governing the Performance of Actuarial Services Under the Employee Retirement Income Security Act of 1974; Correction, 81362-81363 [2011-33200]

Download as PDF mstockstill on DSK4VPTVN1PROD with RULES 81362 Federal Register / Vol. 76, No. 249 / Wednesday, December 28, 2011 / Rules and Regulations 3. The airplane emergency electricalpower system must be designed to supply: a. Electrical power required for immediate safety, which must continue to operate without the need for crew action following the loss of the normal electrical power, for a duration sufficient to allow reconfiguration to provide a non-time-limited source of electrical power. b. Electrical power required for continued safe flight and landing for the maximum diversion time. 4. If APU-generated electrical power is used in satisfying the requirements of these special conditions, and if reaching a suitable runway upon which to land is beyond the capacity of the battery systems, then the APU must be able to be started under any foreseeable flight condition prior to the depletion of the battery or the restoration of normal electrical power, whichever occurs first. Flight tests must demonstrate this capability at the most critical condition. a. It must be shown that the APU will provide adequate electrical power for continued safe flight and landing. b. The Airplane Flight Manual (AFM) must incorporate non-normal procedures that direct the pilot to take appropriate actions to activate the APU after loss of normal engine-driven generated electrical power. As a part of showing compliance with these special conditions, the tests by which loss of all normal electrical power is demonstrated must also take into account the following: 1. The failure condition should be assumed to occur during night instrument meteorological conditions (IMC), at the most critical phase of the flight, relative to the worst possible electrical-power distribution and equipment-loads-demand condition. 2. After the un-restorable loss of normal engine generator power, the airplane-engine-restart capability must be provided and operations continued in IMC. 3. It should be demonstrated that the aircraft is capable of continued safe flight and landing. The length of time must be computed based on the maximum diversion-time capability for which the airplane is being certified. Consideration for airspeed reductions resulting from the associated failure or failures must be made. 4. The airplane must provide adequate indication of loss of normal electrical power to direct the pilot to the non-normal procedures, and the AFM must incorporate non-normal procedures that will direct the pilot to take appropriate actions. VerDate Mar<15>2010 17:19 Dec 27, 2011 Jkt 226001 Issued in Renton, Washington, on December 20, 2011. K.C. Yanamura, Acting Manager, Transport Airplane Directorate, Aircraft Certification Service. [FR Doc. 2011–33281 Filed 12–27–11; 8:45 am] BILLING CODE 4910–13–P read ‘‘901.11(f)(2)(i)(D), 901.11(f)(2)(i)(G) and (H),’’. Guy R. Traynor, Acting Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration). [FR Doc. 2011–33197 Filed 12–27–11; 8:45 am] BILLING CODE 4810–25–P JOINT BOARD FOR THE ENROLLMENT OF ACTUARIES 20 CFR Part 901 JOINT BOARD FOR THE ENROLLMENT OF ACTUARIES [TD 9517] 20 CFR Part 901 RIN 1545–BC82 [TD 9517] Regulations Governing the Performance of Actuarial Services Under the Employee Retirement Income Security Act of 1974; Correction RIN 1545–BC82 Joint Board for the Enrollment of Actuaries. ACTION: Correction to final regulations. AGENCY: This document contains corrections to final regulations (TD 9517) that were published in the Federal Register on Thursday, March 31, 2011 (76 FR 17762) relating to the enrollment of actuaries. DATES: This correction is effective on December 28, 2011, and is applicable on March 31, 2011. FOR FURTHER INFORMATION CONTACT: Patrick McDonough, Executive Director, Joint Board for the Enrollment of Actuaries, at (202) 622–8229 (not a tollfree number). SUPPLEMENTARY INFORMATION: SUMMARY: Background The final regulations (TD 9517) that are the subject of this correction are under section 3042 of the Employee Retirement Income Security Act of 1974 (88 Stat. 829), Public Law 93–406 (ERISA). Need for Correction As published, final regulations (TD 9517) contain errors that may prove to be misleading and are in need of clarification. Correction of Publication Accordingly, the publication of the final regulations (TD 9517) which were the subject of FR Doc. 2011–7573 is corrected as follows: On page 17762, column 1, in the preamble, under the paragraph heading ‘‘Paperwork Reduction Act’’, last paragraph of the column, fourth line, the language ‘‘901.11(f)(2)(D), 901.11(f)(2)(G) and (H),’’ is corrected to PO 00000 Frm 00004 Fmt 4700 Sfmt 4700 Regulations Governing the Performance of Actuarial Services Under the Employee Retirement Income Security Act of 1974; Correction Joint Board for the Enrollment of Actuaries. ACTION: Correcting amendment. AGENCY: This document describes correcting amendments to final regulations (TD 9517) relating to the enrollment of actuaries. These regulations were published in the Federal Register on Thursday, March 31, 2011 (76 FR 17762). DATES: This correction is effective on December 28, 2011, and is applicable on March 31, 2011. FOR FURTHER INFORMATION CONTACT: Patrick McDonough, Executive Director, Joint Board for the Enrollment of Actuaries, at (202) 622–8229 (not a tollfree number). SUPPLEMENTARY INFORMATION: SUMMARY: Background The final regulations (TD 9517) that are the subject of this correction are under section 3042 of the Employee Retirement Income Security Act of 1974 (88 Stat. 829), Public Law 93–406 (ERISA). Need for Correction As published, final regulations (TD 9517) contain errors that may prove to be misleading and are in need of clarification. List of Subjects in 20 CFR Part 901 Administrative practice and procedure, Pensions. Correction of Publication Accordingly, 20 CFR part 901 is corrected by making the following correcting amendments: E:\FR\FM\28DER1.SGM 28DER1 Federal Register / Vol. 76, No. 249 / Wednesday, December 28, 2011 / Rules and Regulations PART 901—REGULATIONS GOVERNING THE PERFORMANCE OF ACTUARIAL SERVICES UNDER THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 Paragraph 1. The authority citation for part 901 continues to read in part as follows: ■ Authority: These rules are issued under authority of 88 Stat.1002; 29 U.S.C. 1241, 1242. See also 5 U.S.C. 301; 31 U.S.C. 330; and 31 U.S.C. 321. Par. 2. Section 901.11 is amended by: 1. Revising the first sentence of paragraph (f)(1)(i). ■ 2. Revising paragraph (l)(4)(ii). ■ 3. Revising the last sentence of paragraph (o) Example 4. (i), and paragraphs (o) Example 6. (iii) and (o) Example 7. (ii). The revisions read as follows: ■ ■ § 901.11 Enrollment procedures. * * * * * (f) * * * (1) * * * (i) Core subject matter is program content and knowledge that is integral and necessary to the satisfactory performance of pension actuarial services and actuarial certifications under ERISA and the Internal Revenue Code. * * * * * * * * (l) * * * (4) * * * (ii) Placement on the inactive roster after notice and right to respond. The Executive Director will move an enrolled actuary who does not submit a timely application of renewal that shows timely completion of the required continuing professional education to the inactive roster only after giving the enrolled actuary 60 days to respond as described in paragraph (l)(1) of this section. * * * * * (o) * * * Example 4. (i) * * * Accordingly, effective April 1, 2014, H is placed on the roster of inactive enrolled actuaries and is ineligible to perform pension actuarial services as an enrolled actuary under ERISA and the Internal Revenue Code. mstockstill on DSK4VPTVN1PROD with RULES * * * * * Example 6. * * * (iii) Note that the total of 15 hours of continuing professional education credit that H completes between January 1, 2011, and December 31, 2013, as well as the 10 hours of continuing professional education credit between January 1, 2014, and December 31, 2016, are not counted toward H’s return to active status and are not taken into account toward the additional hours of continuing professional education credit that H must complete between January 1, 2020, and VerDate Mar<15>2010 17:19 Dec 27, 2011 Jkt 226001 December 31, 2022, in order to be eligible to file an application for renewal of enrollment active status effective April 1, 2023. Example 7. * * * (ii) J completes 5 hours of core continuing professional education credit and 4 hours of non-core continuing professional education credit between January 1, 2014, and October 6, 2014. Because J did not complete the required 12 hours of continuing professional education (of which at least 6 hours must consist of core subject matter) during J’s initial enrollment cycle, J is not eligible to file an application for a return to active enrollment on October 6, 2014, notwithstanding the fact that had J completed such hours between January 1, 2012, and December 31, 2013, J would have satisfied the requirements for renewed enrollment effective April 1, 2014. * * * * * Guy R. Traynor, Acting Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. 2011–33200 Filed 12–27–11; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF HEALTH AND HUMAN SERVICES Food and Drug Administration 21 CFR Part 113 [Docket No. FDA–2007–N–0265] (formerly 2007N–0026) Temperature-Indicating Devices; Thermally Processed Low-Acid Foods Packaged in Hermetically Sealed Containers; Correction AGENCY: Food and Drug Administration, HHS. ACTION: Final rule; correction. The Food and Drug Administration (FDA) is correcting a final rule that appeared in the Federal Register of Thursday, March 3, 2011 (76 FR 11892). The final rule amended FDA’s regulations for thermally processed low-acid foods packaged in hermetically sealed containers to allow for use of other temperature-indicating devices, in addition to mercury-in-glass thermometers, during processing. The final rule was published with one error. This document corrects that error. DATES: Effective March 5, 2012. FOR FURTHER INFORMATION CONTACT: Mischelle B. Ledet, Center for Food Safety and Applied Nutrition (HFS– 625), Food and Drug Administration, 5100 Paint Branch Pkwy., College Park, MD 20740, (240) 205–1165. SUPPLEMENTARY INFORMATION: In FR Doc. 2011–4475, appearing on page 11892, in SUMMARY: PO 00000 Frm 00005 Fmt 4700 Sfmt 4700 81363 the Federal Register of Thursday, March 3, 2011, the following correction is made: § 113.40 [Corrected] On page 11921, in the third column, seventh line from the bottom, in § 113.40(g)(2)(i)(A), the word ‘‘implemented’’ is corrected to read ‘‘instrumented’’. Dated: December 21, 2011. Leslie Kux, Acting Assistant Commissioner for Policy. [FR Doc. 2011–33183 Filed 12–27–11; 8:45 am] BILLING CODE 4160–01–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 24 CFR Part 203 [Docket No. FR–5397–N–04] RIN 2502–ZA05 Federal Housing Administration (FHA): Temporary Exemption From Compliance With FHA’s Regulation on Property Flipping Extension of Exemption Office of the Assistant Secretary for Housing—Federal Housing Commissioner, HUD. ACTION: Notice of waiver extension. AGENCY: This notice announces that FHA is extending the availability of the temporary waiver of its regulation that prohibits the use of FHA financing to purchase single family properties that are being resold within 90 days of the previous acquisition, until December 31, 2012. This waiver, which was first issued in January 2010, took effect for all sales contracts executed on or after February 1, 2010, and was extended in February 2011. The waiver is set to expire on December 31, 2011, and therefore HUD is extending the waiver for another calendar year. Prior to the waiver, a mortgage was not eligible for FHA insurance if the contract of sale for the purchase of the property that is the subject of the mortgage is executed within 90 days of the prior acquisition by the seller and the seller does not come under any of the exemptions to this 90-day period that are specified in the regulation. As a result of the high foreclosures that have been taking place across the nation, FHA, through the regulatory waiver, encourages investors that specialize in acquiring and renovating properties to renovate foreclosed and abandoned homes with the objective of increasing the availability of affordable homes for firsttime and other purchasers and helping SUMMARY: E:\FR\FM\28DER1.SGM 28DER1

Agencies

[Federal Register Volume 76, Number 249 (Wednesday, December 28, 2011)]
[Rules and Regulations]
[Pages 81362-81363]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-33200]


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JOINT BOARD FOR THE ENROLLMENT OF ACTUARIES

20 CFR Part 901

[TD 9517]
RIN 1545-BC82


Regulations Governing the Performance of Actuarial Services Under 
the Employee Retirement Income Security Act of 1974; Correction

AGENCY: Joint Board for the Enrollment of Actuaries.

ACTION: Correcting amendment.

-----------------------------------------------------------------------

SUMMARY: This document describes correcting amendments to final 
regulations (TD 9517) relating to the enrollment of actuaries. These 
regulations were published in the Federal Register on Thursday, March 
31, 2011 (76 FR 17762).

DATES: This correction is effective on December 28, 2011, and is 
applicable on March 31, 2011.

FOR FURTHER INFORMATION CONTACT: Patrick McDonough, Executive Director, 
Joint Board for the Enrollment of Actuaries, at (202) 622-8229 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations (TD 9517) that are the subject of this 
correction are under section 3042 of the Employee Retirement Income 
Security Act of 1974 (88 Stat. 829), Public Law 93-406 (ERISA).

Need for Correction

    As published, final regulations (TD 9517) contain errors that may 
prove to be misleading and are in need of clarification.

List of Subjects in 20 CFR Part 901

    Administrative practice and procedure, Pensions.

Correction of Publication

    Accordingly, 20 CFR part 901 is corrected by making the following 
correcting amendments:

[[Page 81363]]

PART 901--REGULATIONS GOVERNING THE PERFORMANCE OF ACTUARIAL 
SERVICES UNDER THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974

0
Paragraph 1. The authority citation for part 901 continues to read in 
part as follows:

    Authority: These rules are issued under authority of 88 
Stat.1002; 29 U.S.C. 1241, 1242.
    See also 5 U.S.C. 301; 31 U.S.C. 330; and 31 U.S.C. 321.

0
Par. 2. Section 901.11 is amended by:
0
1. Revising the first sentence of paragraph (f)(1)(i).
0
2. Revising paragraph (l)(4)(ii).
0
3. Revising the last sentence of paragraph (o) Example 4. (i), and 
paragraphs (o) Example 6. (iii) and (o) Example 7. (ii).
    The revisions read as follows:


Sec.  901.11  Enrollment procedures.

* * * * *
    (f) * * *
    (1) * * *
    (i) Core subject matter is program content and knowledge that is 
integral and necessary to the satisfactory performance of pension 
actuarial services and actuarial certifications under ERISA and the 
Internal Revenue Code. * * *
* * * * *
    (l) * * *
    (4) * * *
    (ii) Placement on the inactive roster after notice and right to 
respond. The Executive Director will move an enrolled actuary who does 
not submit a timely application of renewal that shows timely completion 
of the required continuing professional education to the inactive 
roster only after giving the enrolled actuary 60 days to respond as 
described in paragraph (l)(1) of this section.
* * * * *
    (o) * * *
    Example 4. (i) * * * Accordingly, effective April 1, 2014, H is 
placed on the roster of inactive enrolled actuaries and is 
ineligible to perform pension actuarial services as an enrolled 
actuary under ERISA and the Internal Revenue Code.
* * * * *
    Example 6.  * * *
    (iii) Note that the total of 15 hours of continuing professional 
education credit that H completes between January 1, 2011, and 
December 31, 2013, as well as the 10 hours of continuing 
professional education credit between January 1, 2014, and December 
31, 2016, are not counted toward H's return to active status and are 
not taken into account toward the additional hours of continuing 
professional education credit that H must complete between January 
1, 2020, and December 31, 2022, in order to be eligible to file an 
application for renewal of enrollment active status effective April 
1, 2023.
    Example 7.  * * *
    (ii) J completes 5 hours of core continuing professional 
education credit and 4 hours of non-core continuing professional 
education credit between January 1, 2014, and October 6, 2014. 
Because J did not complete the required 12 hours of continuing 
professional education (of which at least 6 hours must consist of 
core subject matter) during J's initial enrollment cycle, J is not 
eligible to file an application for a return to active enrollment on 
October 6, 2014, notwithstanding the fact that had J completed such 
hours between January 1, 2012, and December 31, 2013, J would have 
satisfied the requirements for renewed enrollment effective April 1, 
2014.
* * * * *

Guy R. Traynor,
Acting Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2011-33200 Filed 12-27-11; 8:45 am]
BILLING CODE 4810-25-P
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