Vessels in Foreign and Domestic Trades, 54808 [2012-21999]
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54808
Federal Register / Vol. 77, No. 173 / Thursday, September 6, 2012 / Rules and Regulations
§ 232.101 Mandated electronic
submissions and exceptions.
(a) * * *
(1) * * *
(ix) Form ID (§§ 239.63, 249.446,
269.7 and 274.402 of this chapter); the
Form ID authenticating document
required by Rule 10(b) of Regulation S–
T (§ 232.10(b)) also shall be filed in
electronic format as an uploaded
Portable Document Format (PDF)
attachment to the Form ID filing. Other
related correspondence and
supplemental information submitted
after the Form ID filing shall not be
submitted in electronic format;
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4. Section 232.301 is revised to read
as follows:
Dated: August 29, 2012.
Elizabeth M. Murphy,
Secretary.
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[FR Doc. 2012–21805 Filed 9–5–12; 8:45 am]
[TD 9598]
RIN 1545–BK98
DEPARTMENT OF HOMELAND
SECURITY
Integrated Hedging Transactions of
Qualifying Debt
Customs and Border Protection
AGENCY:
19 CFR Part 4
Vessels in Foreign and Domestic
Trades
CFR Correction
■
TKELLEY on DSK3SPTVN1PROD with RULES
§ 232.301
EDGAR Filer Manual.
Filers must prepare electronic filings
in the manner prescribed by the EDGAR
Filer Manual, promulgated by the
Commission, which sets out the
technical formatting requirements for
electronic submissions. The
requirements for becoming an EDGAR
Filer and updating company data are set
forth in the updated EDGAR Filer
Manual, Volume I: ‘‘General
Information,’’ Version 13 (July 2012).
The requirements for filing on EDGAR
are set forth in the updated EDGAR Filer
Manual, Volume II: ‘‘EDGAR Filing,’’
Version 20 (July 2012). All of these
provisions have been incorporated by
reference into the Code of Federal
Regulations, which action was approved
by the Director of the Federal Register
in accordance with 5 U.S.C. 552(a) and
1 CFR Part 51. You must comply with
these requirements in order for
documents to be timely received and
accepted. You can obtain paper copies
of the EDGAR Filer Manual from the
following address: Public Reference
Room, U.S. Securities and Exchange
Commission, 100 F Street NE., Room
1543, Washington, DC 20549, on official
business days between the hours of
10:00 a.m. and 3:00 p.m. Electronic
copies are available on the
Commission’s Web site. The address for
the Filer Manual is https://www.sec.gov/
info/edgar.shtml. You can also inspect
the document at the National Archives
and Records Administration (NARA).
For information on the availability of
this material at NARA, call 202–741–
6030, or go to:https://www.archives.gov/
federal_register/code_of_
federal_regulations/ibr_
locations.html.
In Title 19 of the Code of Federal
Regulations, Parts 1 to 99, revised as of
April 1, 2012, on page 14, in § 4.7,
paragraph (b)(4) introductory text is
corrected to read as follows;
§ 4.7 Inward foreign manifest; production
on demand; contents and form; advance
electronic filing of cargo declaration.
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(b) * * *
(4) Carriers of bulk cargo as specified
in paragraph (b)(4)(i) of this section and
carriers of break bulk cargo to the extent
provided in paragraph (b)(4)(ii) of this
section are exempt, with respect only to
the bulk or break bulk cargo being
transported, from the requirement set
forth in paragraph (b)(2) of this section
that an electronic cargo declaration be
received by CBP 24 hours before such
cargo is laden aboard the vessel at the
foreign port. With respect to exempted
carriers of bulk or break bulk cargo
operating voyages to the United States,
CBP must receive the electronic cargo
declaration covering the bulk or break
bulk cargo they are transporting 24
hours prior to the vessel’s arrival in the
United States (see § 4.30(n)). However,
for any containerized or non-qualifying
break bulk cargo these exempted
carriers will be transporting, CBP must
receive the electronic cargo declaration
24 hours in advance of loading.
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[FR Doc. 2012–21999 Filed 9–5–12; 8:45 am]
BILLING CODE 1505–01–D
By the Commission.
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Internal Revenue Service (IRS),
Treasury.
ACTION: Temporary and final
regulations.
This document contains
temporary regulations that address
certain integrated transactions that
involve a foreign currency denominated
debt instrument and multiple associated
hedging transactions. The regulations
provide that if a taxpayer has identified
multiple hedges as being part of a
qualified hedging transaction, and the
taxpayer has terminated at least one but
less than all of the hedges (including a
portion of one or more of the hedges),
the taxpayer must treat the remaining
hedges as having been sold for fair
market value on the date of disposition
of the terminated hedge. The text of the
temporary regulations also serves as the
text of the proposed regulations set forth
in the notice of proposed rulemaking on
this subject in the Proposed Rules
section in this issue of the Federal
Register.
DATES: Effective Date. These regulations
are effective on September 6, 2012.
Applicability Date. These regulations
apply to leg-outs within the meaning of
§ 1.988–5(a)(6)(ii) which occur on or
after September 6, 2012.
FOR FURTHER INFORMATION CONTACT:
Sheila Ramaswamy, at (202) 622–3870
(not a toll-free number).
SUPPLEMENTARY INFORMATION:
SUMMARY:
Background
Section 1.988–5 provides detailed
rules that permit the integration of a
qualifying debt instrument with a
§ 1.988–5(a) hedge. The effect of
integration under the regulations is to
create a synthetic debt instrument.
Generally, if a taxpayer enters into a
qualified hedging transaction and meets
the requirements of the regulations, no
exchange gain or loss is recognized on
the debt instrument or the hedge for the
period that it is part of a qualified
hedging transaction (provided that the
synthetic debt instrument is not
denominated in a nonfunctional
currency). See § 1.988–5(a)(9). A
qualified hedging transaction is an
integrated economic transaction
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[Federal Register Volume 77, Number 173 (Thursday, September 6, 2012)]
[Rules and Regulations]
[Page 54808]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-21999]
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DEPARTMENT OF HOMELAND SECURITY
Customs and Border Protection
19 CFR Part 4
Vessels in Foreign and Domestic Trades
CFR Correction
In Title 19 of the Code of Federal Regulations, Parts 1 to 99,
revised as of April 1, 2012, on page 14, in Sec. 4.7, paragraph (b)(4)
introductory text is corrected to read as follows;
Sec. 4.7 Inward foreign manifest; production on demand; contents and
form; advance electronic filing of cargo declaration.
* * * * *
(b) * * *
(4) Carriers of bulk cargo as specified in paragraph (b)(4)(i) of
this section and carriers of break bulk cargo to the extent provided in
paragraph (b)(4)(ii) of this section are exempt, with respect only to
the bulk or break bulk cargo being transported, from the requirement
set forth in paragraph (b)(2) of this section that an electronic cargo
declaration be received by CBP 24 hours before such cargo is laden
aboard the vessel at the foreign port. With respect to exempted
carriers of bulk or break bulk cargo operating voyages to the United
States, CBP must receive the electronic cargo declaration covering the
bulk or break bulk cargo they are transporting 24 hours prior to the
vessel's arrival in the United States (see Sec. 4.30(n)). However, for
any containerized or non-qualifying break bulk cargo these exempted
carriers will be transporting, CBP must receive the electronic cargo
declaration 24 hours in advance of loading.
* * * * *
[FR Doc. 2012-21999 Filed 9-5-12; 8:45 am]
BILLING CODE 1505-01-D
