Airworthiness Directives; Airbus Airplanes, 62182-62185 [2012-25131]
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62182
Federal Register / Vol. 77, No. 198 / Friday, October 12, 2012 / Proposed Rules
product or a part of an identified
banking product’’ and adding in its
place ‘‘other than an excluded
instrument or a part of an excluded
instrument’’; and
ii. Removing, in paragraphs (2) and
(3)(iii)(B), the phrase ‘‘15 U.S.C.
78(f)(a)’’ and adding in its place the
phrase ‘‘15 U.S.C. 78f(a)’’; and
d. Add the definitions for ‘‘Bank
fund,’’ ‘‘Eligible contract participant,’’
‘‘Excluded instrument,’’ ‘‘Insurance
company separate account,’’ ‘‘Insured
branch,’’ and ‘‘Qualified forex
customer’’ in alphabetical order.
The additions read as follows:
§ 48.2
Definitions.
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*
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*
*
Bank fund means a fund described in
12 CFR 9.18(a)(1), (a)(2), or (c) that is
subject to applicable requirements of 12
CFR 9.18.
*
*
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*
*
Eligible contract participant has the
same meaning as in 17 CFR 1.3(m).
Excluded instrument means an
agreement, contract, or transaction that
is exempt from regulation under the
Commodity Exchange Act, including:
(1) An identified banking product, as
defined in section 402(b) of the Legal
Certainty for Bank Products Act of 2000
(7 U.S.C. 27(b));
(2) A banking product described in
section 405(a) of the Legal Certainty for
Bank Products Act of 2000 (7 U.S.C.
27c(a));
(3) A hybrid instrument that is
predominantly a security under section
2(f) of the Commodity Exchange Act (7
U.S.C. 2(f)); and
(4) A hybrid instrument that is
exempt from the provisions of the
Commodity Exchange Act under 17 CFR
34.3(a).
*
*
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*
*
Insurance company separate account
means a separate account established
and maintained by an insurance
company subject to regulation by a State
insurance regulator or foreign insurance
regulator.
Insured branch has the same meaning
as in section 3(s)(3) of the Federal
Deposit Insurance Act (12 U.S.C.
1813(s)(3)).
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Qualified forex customer means a
bank fund or an insurance company
separate account.
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4. Revise § 48.3(b) to read as follows:
§ 48.3
Prohibited Transactions.
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*
(b) If a national bank or an affiliate
can cause retail forex transactions to be
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effected for a retail forex customer
without the retail forex customer’s
specific authorization, then the national
bank may not act as the counterparty for
any retail forex transaction with that
retail forex customer.
5. Revise the introductory text of
§ 48.7(b)(1) to read as follows:
DEPARTMENT OF TRANSPORTATION
§ 48.7
Airworthiness Directives; Airbus
Airplanes
Recordkeeping.
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*
(b) * * *
(1) With respect to its active retail
forex customer accounts over which it
did not exercise investment discretion
(other than retail forex proprietary
accounts open for any period of time
during the quarter or accounts belonging
to a qualified forex customer), a national
bank must prepare and maintain on a
quarterly basis (calendar quarter):
*
*
*
*
*
6. Revise § 48.8 to read as follows:
§ 48.8
Capital Requirements.
(a) A national bank, other than a
Federal branch or agency of a foreign
bank that is not an insured branch,
offering or entering into retail forex
transactions must be well capitalized
under 12 CFR part 6.
(b) A Federal branch or agency of a
foreign bank offering or entering into
retail forex transactions must satisfy the
requirements of 12 CFR 4.7(b)(1)(iii)(A)
and (iv).
7. Add § 48.18 to read as follows:
§ 48.18
Counterparty Verification
The OCC will not deem a national
bank to have violated this part by
engaging in a retail forex transaction
without complying with this part’s
requirements if:
(a) The national bank’s counterparty
represented in writing that it was an
eligible contract participant or a
qualified forex customer;
(b) The national bank reasonably
relied on that representation;
(c) The national bank had reasonable
policies and procedures in place to
verify the counterparty’s status as an
eligible contract participant or a
qualified forex customer; and
(d) The national bank followed those
policies and procedures.
Dated: October 5, 2012.
Thomas J. Curry,
Comptroller of the Currency.
[FR Doc. 2012–25123 Filed 10–11–12; 8:45 am]
BILLING CODE 4810–33–P
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Federal Aviation Administration
14 CFR Part 39
[Docket No. FAA–2012–1070; Directorate
Identifier 2012–NM–099–AD]
RIN 2120–AA64
Federal Aviation
Administration (FAA), DOT.
ACTION: Notice of proposed rulemaking
(NPRM).
AGENCY:
We propose to adopt a new
airworthiness directive (AD) for all
Airbus Model A300 B4–600, B4–600R,
and F4–600R series airplanes, and
Model A300 C4–605R Variant F
airplanes (collectively called Model
A300–600 series airplanes); and Airbus
Model A310 series airplanes. This
proposed AD was prompted by fuel
system reviews conducted by the
European Aviation Safety Agency
(EASA). This proposed AD would
require modifying the electrical control
circuits of the inner, center, and trim
tank pumps, as applicable. We are
proposing this AD to reduce the
potential of ignition sources inside fuel
tanks, which, in combination with
flammable fuel vapors, could result in
fuel tank explosions and consequent
loss of the airplane.
DATES: We must receive comments on
this proposed AD by November 26,
2012.
SUMMARY:
You may send comments by
any of the following methods:
• Federal eRulemaking Portal: Go to
https://www.regulations.gov. Follow the
instructions for submitting comments.
• Fax: (202) 493–2251.
• Mail: U.S. Department of
Transportation, Docket Operations, M–
30, West Building Ground Floor, Room
W12–140, 1200 New Jersey Avenue SE.,
Washington, DC 20590.
• Hand Delivery: U.S. Department of
Transportation, Docket Operations, M–
30, West Building Ground Floor, Room
W12–140, 1200 New Jersey Avenue SE.,
Washington, DC, between 9 a.m. and 5
p.m., Monday through Friday, except
Federal holidays.
For service information identified in
this proposed AD, contact Airbus SAS—
EAW (Airworthiness Office), 1 Rond
Point Maurice Bellonte, 31707 Blagnac
Cedex, France; telephone +33 5 61 93 36
96; fax +33 5 61 93 44 51; email
account.airworth-eas@airbus.com;
Internet https://www.airbus.com. You
may review copies of the referenced
ADDRESSES:
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Federal Register / Vol. 77, No. 198 / Friday, October 12, 2012 / Proposed Rules
service information at the FAA,
Transport Airplane Directorate, 1601
Lind Avenue SW., Renton, WA. For
information on the availability of this
material at the FAA, call 425–227–1221.
Examining the AD Docket
You may examine the AD docket on
the Internet at https://
www.regulations.gov; or in person at the
Docket Operations office between 9 a.m.
and 5 p.m., Monday through Friday,
except Federal holidays. The AD docket
contains this proposed AD, the
regulatory evaluation, any comments
received, and other information. The
street address for the Docket Operations
office (telephone (800) 647–5527) is in
the ADDRESSES section. Comments will
be available in the AD docket shortly
after receipt.
FOR FURTHER INFORMATION CONTACT: Dan
Rodina, Aerospace Engineer,
International Branch, ANM–116,
Transport Airplane Directorate, FAA,
1601 Lind Avenue SW., Renton, WA
98057–3356; telephone (425) 227- 2125;
fax (425) 227–1149.
SUPPLEMENTARY INFORMATION:
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Comments Invited
We invite you to send any written
relevant data, views, or arguments about
this proposed AD. Send your comments
to an address listed under the
ADDRESSES section. Include ‘‘Docket No.
FAA–2012–1070; Directorate Identifier
2012–NM–099–AD’’ at the beginning of
your comments. We specifically invite
comments on the overall regulatory,
economic, environmental, and energy
aspects of this proposed AD. We will
consider all comments received by the
closing date and may amend this
proposed AD based on those comments.
We will post all comments we
receive, without change, to https://
www.regulations.gov, including any
personal information you provide. We
will also post a report summarizing each
substantive verbal contact we receive
about this proposed AD.
Discussion
The European Aviation Safety Agency
(EASA), which is the Technical Agent
for the Member States of the European
Community, has issued EASA
Airworthiness Directive 2012–0091,
dated May 25, 2012 (referred to after
this as ‘‘the MCAI’’), to correct an unsafe
condition for the specified products.
The MCAI states:
[T]he FAA published Special Federal
Aviation Regulation (SFAR) 88, and the Joint
Aviation Authorities (JAA) published Interim
Policy INT/POL/25/12.
In the framework of these requirements,
EASA have determined that the electrical
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power supply circuits of certain fuel pumps,
installed on A300/A300–600, A310 and
A300–600ST aeroplane, for which the
canisters become uncovered during normal
operation, could, under certain conditions,
create an ignition source in the tank vapour
space.
This condition, if not corrected, could
result in a fuel tank explosion and
consequent loss of the aeroplane.
To address this potential unsafe condition,
Airbus developed a modification which
includes the installation of Ground Fault
Interrupters (GFI) into the inner, centre, and
trim tank fuel pump control circuits,
providing additional system protection by
electrically isolating the pump in case of a
ground fault condition downstream of the
GFI. For the reasons described above, this AD
requires modification of the affected fuel
pumps control circuit by installing GFI.
You may obtain further information by
examining the MCAI in the AD docket.
The FAA has examined the
underlying safety issues involved in fuel
tank explosions on several large
transport airplanes, including the
adequacy of existing regulations, the
service history of airplanes subject to
those regulations, and existing
maintenance practices for fuel tank
systems. As a result of those findings,
we issued a regulation titled ‘‘Transport
Airplane Fuel Tank System Design
Review, Flammability Reduction and
Maintenance and Inspection
Requirements’’ (66 FR 23086, May 7,
2001). In addition to new airworthiness
standards for transport airplanes and
new maintenance requirements, this
rule included Special Federal Aviation
Regulation No. 88 (‘‘SFAR 88,’’
Amendment 21–78, and subsequent
Amendments 21–82 and 21–83).
Among other actions, SFAR 88 (66 FR
23086, May 7, 2001) requires certain
type design (i.e., type certificate (TC)
and supplemental type certificate (STC))
holders to substantiate that their fuel
tank systems can prevent ignition
sources in the fuel tanks. This
requirement applies to type design
holders for large turbine-powered
transport airplanes and for subsequent
modifications to those airplanes. It
requires them to perform design reviews
and to develop design changes and
maintenance procedures if their designs
do not meet the new fuel tank safety
standards. As explained in the preamble
to the rule, we intended to adopt
airworthiness directives to mandate any
changes found necessary to address
unsafe conditions identified as a result
of these reviews.
In evaluating these design reviews, we
have established four criteria intended
to define the unsafe conditions
associated with fuel tank systems that
require corrective actions. The
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62183
percentage of operating time during
which fuel tanks are exposed to
flammable conditions is one of these
criteria. The other three criteria address
the failure types under evaluation:
single failures, single failures in
combination with a latent condition(s),
and in-service failure experience. For all
four criteria, the evaluations included
consideration of previous actions taken
that may mitigate the need for further
action.
The Joint Aviation Authorities (JAA)
has issued a regulation that is similar to
SFAR 88 (66 FR 23086, May 7, 2001).
(The JAA is an associated body of the
European Civil Aviation Conference
(ECAC) representing the civil aviation
regulatory authorities of a number of
European States who have agreed to cooperate in developing and
implementing common safety regulatory
standards and procedures.) Under this
regulation, the JAA stated that all
members of the ECAC that hold type
certificates for transport category
airplanes are required to conduct a
design review against explosion risks.
We have determined that the actions
identified in this AD are necessary to
reduce the potential of ignition sources
inside fuel tanks, which, in combination
with flammable fuel vapors, could result
in fuel tank explosions and consequent
loss of the airplane.
Relevant Service Information
Airbus has issued Mandatory Service
Bulletins A300–28–6104 and A310–28–
2170, both dated February 28, 2012. The
actions described in this service
information are intended to correct the
unsafe condition identified in the
MCAI.
FAA’s Determination and Requirements
of This Proposed AD
This product has been approved by
the aviation authority of another
country, and is approved for operation
in the United States. Pursuant to our
bilateral agreement with the State of
Design Authority, we have been notified
of the unsafe condition described in the
MCAI and service information
referenced above. We are proposing this
AD because we evaluated all pertinent
information and determined an unsafe
condition exists and is likely to exist or
develop on other products of the same
type design.
Costs of Compliance
Based on the service information, we
estimate that this proposed AD would
affect about 162 products of U.S.
registry. We also estimate that it would
take about 6 work-hours per product to
comply with the basic requirements of
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Federal Register / Vol. 77, No. 198 / Friday, October 12, 2012 / Proposed Rules
this proposed AD. The average labor
rate is $85 per work-hour. Required
parts would cost about $17,680 per
product. Where the service information
lists required parts costs that are
covered under warranty, we have
assumed that there will be no charge for
these parts. As we do not control
warranty coverage for affected parties,
some parties may incur costs higher
than estimated here. Based on these
figures, we estimate the cost of the
proposed AD on U.S. operators to be
$2,946,780, or $18,190 per product.
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Authority for This Rulemaking
Title 49 of the United States Code
specifies the FAA’s authority to issue
rules on aviation safety. Subtitle I,
section 106, describes the authority of
the FAA Administrator. ‘‘Subtitle VII:
Aviation Programs,’’ describes in more
detail the scope of the Agency’s
authority.
We are issuing this rulemaking under
the authority described in ‘‘Subtitle VII,
Part A, Subpart III, Section 44701:
General requirements.’’ Under that
section, Congress charges the FAA with
promoting safe flight of civil aircraft in
air commerce by prescribing regulations
for practices, methods, and procedures
the Administrator finds necessary for
safety in air commerce. This regulation
is within the scope of that authority
because it addresses an unsafe condition
that is likely to exist or develop on
products identified in this rulemaking
action.
Regulatory Findings
We determined that this proposed AD
would not have federalism implications
under Executive Order 13132. This
proposed AD would not have a
substantial direct effect on the States, on
the relationship between the national
Government and the States, or on the
distribution of power and
responsibilities among the various
levels of government.
For the reasons discussed above, I
certify this proposed regulation:
1. Is not a ‘‘significant regulatory
action’’ under Executive Order 12866;
2. Is not a ‘‘significant rule’’ under the
DOT Regulatory Policies and Procedures
(44 FR 11034, February 26, 1979);
3. Will not affect intrastate aviation in
Alaska; and
4. Will not have a significant
economic impact, positive or negative,
on a substantial number of small entities
under the criteria of the Regulatory
Flexibility Act.
We prepared a regulatory evaluation
of the estimated costs to comply with
this proposed AD and placed it in the
AD docket.
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List of Subjects in 14 CFR Part 39
Air transportation, Aircraft, Aviation
safety, Incorporation by reference,
Safety.
The Proposed Amendment
Accordingly, under the authority
delegated to me by the Administrator,
the FAA proposes to amend 14 CFR part
39 as follows:
PART 39—AIRWORTHINESS
DIRECTIVES
1. The authority citation for part 39
continues to read as follows:
Authority: 49 U.S.C. 106(g), 40113, 44701.
§ 39.13
[Amended]
2. The FAA amends § 39.13 by adding
the following new AD:
Airbus: Docket No. FAA–2012–1070;
Directorate Identifier 2012–NM–099–AD.
(a) Comments Due Date
We must receive comments by November
26, 2012.
(b) Affected ADs
None.
(c) Applicability
This AD applies to the airplanes identified
in paragraphs (c)(1) and (c)(2) of this AD;
certificated in any category.
(1) All Airbus Model A300 B4–601, B4–
603, B4–620, and B4–622 airplanes; Model
A300 B4–605R and B4–622R airplanes;
Model A300 F4–605R and F4–622R
airplanes; and Model A300 C4–605R Variant
F airplanes.
(2) All Airbus Model A310–203, –204,
–221, –222, –304, –322, –324, and –325
airplanes.
(d) Subject
Air Transport Association (ATA) of
America Code 28; Fuel.
(e) Reason
This AD was prompted by fuel system
reviews conducted by the European Aviation
Safety Agency (EASA). We are issuing this
AD to reduce the potential of ignition sources
inside fuel tanks, which, in combination with
flammable fuel vapors, could result in fuel
tank explosions and consequent loss of the
airplane.
(f) Compliance
You are responsible for having the actions
required by this AD performed within the
compliance times specified, unless the
actions have already been done.
(g) Actions
Within 48 months after the effective date
of this AD, accomplish the actions specified
in paragraph (g)(1) or (g)(2) of this AD, as
applicable.
(1) For Model A310 series airplanes:
Modify the electrical control circuits of the
inner, center, and trim tank pumps, as
applicable, in accordance with the
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Accomplishment Instructions of Airbus
Mandatory Service Bulletin A310–28–2170,
dated February 28, 2012.
(2) For Model A300–600 airplanes: Modify
the electrical control circuits of the inner,
center, and trim tank pumps, as applicable,
in accordance with the Accomplishment
Instructions of Airbus Mandatory Service
Bulletin A300–28–6104, dated February 28,
2012.
(h) Other FAA AD Provisions
The following provisions also apply to this
AD:
(1) Alternative Methods of Compliance
(AMOCs): The Manager, International
Branch, ANM–116, Transport Airplane
Directorate, FAA, has the authority to
approve AMOCs for this AD, if requested
using the procedures found in 14 CFR 39.19.
In accordance with 14 CFR 39.19, send your
request to your principal inspector or local
Flight Standards District Office, as
appropriate. If sending information directly
to the International Branch, send it to ATTN:
Dan Rodina, Aerospace Engineer,
International Branch, ANM–116, Transport
Airplane Directorate, FAA, 1601 Lind
Avenue SW., Renton, WA 98057–3356;
telephone (425) 227–2125; fax (425) 227–
1149. Information may be emailed to: 9–
ANM–116–AMOC–REQUESTS@faa.gov.
Before using any approved AMOC, notify
your appropriate principal inspector, or
lacking a principal inspector, the manager of
the local flight standards district office/
certificate holding district office. The AMOC
approval letter must specifically reference
this AD.
(2) Airworthy Product: For any requirement
in this AD to obtain corrective actions from
a manufacturer or other source, use these
actions if they are FAA-approved. Corrective
actions are considered FAA-approved if they
are approved by the State of Design Authority
(or their delegated agent). You are required
to assure the product is airworthy before it
is returned to service.
(i) Related Information
(1) Refer to MCAI EASA Airworthiness
Directive 2012–0091, dated May 25, 2012;
and the service information identified in
paragraphs (i)(1)(i) and (i)(1)(ii) of this AD;
for related information.
(i) Airbus Mandatory Service Bulletin
A310–28–2170, dated February 28, 2012.
(ii) Airbus Mandatory Service Bulletin
A300–28–6104, dated February 28, 2012.
(2) For service information identified in
this AD, contact Airbus SAS—EAW
(Airworthiness Office), 1 Rond Point Maurice
Bellonte, 31707 Blagnac Cedex, France;
telephone +33 5 61 93 36 96; fax +33 5 61
93 44 51; email account.airwortheas@airbus.com; Internet https://
www.airbus.com. You may review copies of
the referenced service information at the
FAA, Transport Airplane Directorate, 1601
Lind Avenue SW., Renton, WA. For
information on the availability of this
material at the FAA, call 425–227–1221.
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Federal Register / Vol. 77, No. 198 / Friday, October 12, 2012 / Proposed Rules
Issued in Renton, Washington, on October
3, 2012.
John P. Piccola,
Acting Manager, Transport Airplane
Directorate, Aircraft Certification Service.
[FR Doc. 2012–25131 Filed 10–11–12; 8:45 am]
BILLING CODE 4910–13–P
SECURITIES AND EXCHANGE
COMMISSION
17 CFR Part 275
[Release No. IA–3483; File No. S7–23–07]
RIN 3235–AJ96
Temporary Rule Regarding Principal
Trades With Certain Advisory Clients
Securities and Exchange
Commission.
ACTION: Proposed rule.
AGENCY:
The Securities and Exchange
Commission is proposing to amend rule
206(3)–3T under the Investment
Advisers Act of 1940, a temporary rule
that establishes an alternative means for
investment advisers that are registered
with the Commission as broker-dealers
to meet the requirements of section
206(3) of the Investment Advisers Act
when they act in a principal capacity in
transactions with certain of their
advisory clients. The amendment would
extend the date on which rule 206(3)–
3T will sunset from December 31, 2012
to December 31, 2014.
DATES: Comments must be received on
or before November 13, 2012.
ADDRESSES: Comments may be
submitted by any of the following
methods:
SUMMARY:
Electronic Comments
• Use the Commission’s Internet
comment form (https://www.sec.gov/
rules/proposed.shtml); or
• Send an email to rule-comments@
sec.gov. Please include File Number S7–
23–07 on the subject line; or
• Use the Federal eRulemaking Portal
(https://www.regulations.gov). Follow the
instructions for submitting comments.
wreier-aviles on DSK5TPTVN1PROD with PROPOSALS
Paper Comments
• Send paper comments in triplicate
to Elizabeth M. Murphy, Secretary,
Securities and Exchange Commission,
100 F Street NE., Washington, DC
20549–1090.
All submissions should refer to File
Number S7–23–07. This file number
should be included on the subject line
if email is used. To help us process and
review your comments more efficiently,
please use only one method. The
Commission will post all comments on
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the Commission’s Internet Web site
(https://www.sec.gov/rules/proposed.
shtml). Comments are also available for
Web site viewing and printing in the
Commission’s Public Reference Room,
100 F Street NE., Washington, DC
20549, on official business days
between the hours of 10:00 a.m. and
3:00 p.m. All comments received will be
posted without change; we do not edit
personal identifying information from
submissions. You should submit only
information that you wish to make
available publicly.
FOR FURTHER INFORMATION CONTACT:
Melissa S. Gainor, Attorney-Adviser,
Vanessa M. Meeks, Attorney-Adviser,
Sarah A. Buescher, Branch Chief, or
Daniel S. Kahl, Assistant Director, at
(202) 551–6787 or IArules@sec.gov,
Office of Investment Adviser
Regulation, Division of Investment
Management, U.S. Securities and
Exchange Commission, 100 F Street NE.,
Washington, DC 20549–8549.
SUPPLEMENTARY INFORMATION: The
Securities and Exchange Commission is
proposing an amendment to temporary
rule 206(3)–3T [17 CFR 275.206(3)–3T]
under the Investment Advisers Act of
1940 [15 U.S.C. 80b] that would extend
the date on which the rule will sunset
from December 31, 2012 to December
31, 2014.
I. Background
On September 24, 2007, we adopted,
on an interim final basis, rule 206(3)–
3T, a temporary rule under the
Investment Advisers Act of 1940 (the
‘‘Advisers Act’’) that provides an
alternative means for investment
advisers that are registered with us as
broker-dealers to meet the requirements
of section 206(3) of the Advisers Act
when they act in a principal capacity in
transactions with certain of their
advisory clients.1 The purpose of the
rule was to permit broker-dealers to sell
to their advisory clients, in the wake of
Financial Planning Association v. SEC
(the ‘‘FPA Decision’’),2 certain securities
1 Rule 206(3)–3T [17 CFR 275.206(3)–3T]. All
references to rule 206(3)–3T and the various
sections thereof in this release are to 17 CFR
275.206(3)–3T and its corresponding sections. See
also Temporary Rule Regarding Principal Trades
with Certain Advisory Clients, Investment Advisers
Act Release No. 2653 (Sep. 24, 2007) [72 FR 55022
(Sep. 28, 2007)] (‘‘2007 Principal Trade Rule
Release’’).
2 482 F.3d 481 (D.C. Cir. 2007). In the FPA
Decision, handed down on March 30, 2007, the
Court of Appeals for the D.C. Circuit vacated
(subject to a subsequent stay until October 1, 2007)
rule 202(a)(11)–1 under the Advisers Act. Rule
202(a)(11)–1 provided, among other things, that feebased brokerage accounts were not advisory
accounts and were thus not subject to the Advisers
Act. For further discussion of fee-based brokerage
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62185
held in the proprietary accounts of their
firms that might not be available on an
agency basis—or might be available on
an agency basis only on less attractive
terms 3—while protecting clients from
conflicts of interest as a result of such
transactions.4
As initially adopted on an interim
final basis, rule 206(3)–3T was set to
sunset on December 31, 2009. In
December 2009, however, we adopted
rule 206(3)–3T as a final rule in the
same form in which it was adopted on
an interim final basis in 2007, except
that we extended the rule’s sunset date
by one year to December 31, 2010.5 We
deferred final action on rule 206(3)–3T
in December 2009 because we needed
additional time to understand how, and
in what situations, the rule was being
used.6
In December 2010, we further
extended the rule’s sunset date by two
years to December 31, 2012.7 We
deferred final action on rule 206(3)–3T
at that time in order to complete a study
required by section 913 of the DoddFrank Wall Street Reform and Consumer
Protection Act (the ‘‘Dodd-Frank Act’’) 8
accounts, see 2007 Principal Trade Rule Release,
Section I.
3 See 2007 Principal Trade Rule Release at nn.19–
20 and Section VI.C.
4 As a consequence of the FPA Decision, brokerdealers offering fee-based brokerage accounts with
an advisory component became subject to the
Advisers Act with respect to those accounts, and
the client relationship became fully subject to the
Advisers Act. These broker-dealers—to the extent
they wanted to continue to offer fee-based accounts
and met the requirements for registration—had to:
register as investment advisers, if they had not done
so already; act as fiduciaries with respect to those
clients; disclose all material conflicts of interest;
and otherwise fully comply with the Advisers Act,
including the restrictions on principal trading
contained in section 206(3) of the Act. See 2007
Principal Trade Rule Release, Section I.
5 See Temporary Rule Regarding Principal Trades
with Certain Advisory Clients, Investment Advisers
Act Release No. 2965 (Dec. 23, 2009) [74 FR 69009
(Dec. 30, 2009)] (‘‘2009 Extension Release’’);
Temporary Rule Regarding Principal Trades with
Certain Advisory Clients, Investment Advisers Act
Release No. 2965A (Dec. 31, 2009) [75 FR 742 (Jan.
6, 2010)] (making a technical correction to the 2009
Extension Release).
6 See 2009 Extension Release, Section II.c.
7 See Temporary Rule Regarding Principal Trades
with Certain Advisory Clients, Investment Advisers
Act Release No. 3118 (Dec. 1, 2010) [75 FR 75650
(Dec. 6, 2010)] (proposing a two-year extension of
rule 206(3)–3T’s sunset provision) (‘‘2010 Extension
Proposing Release’’); Temporary Rule Regarding
Principal Trades with Certain Advisory Clients,
Investment Advisers Act Release No. 3128 (Dec. 28,
2010) [75 FR 82236 (Dec. 30, 2010)] (‘‘2010
Extension Release’’).
8 Public Law 111–203, 124 Stat. 1376 (2010).
Under section 913 of the Dodd-Frank Act, we were
required to conduct a study and provide a report
to Congress concerning the obligations of brokerdealers and investment advisers, including
standards of care applicable to those intermediaries
and their associated persons. Section 913 also
E:\FR\FM\12OCP1.SGM
Continued
12OCP1
Agencies
[Federal Register Volume 77, Number 198 (Friday, October 12, 2012)]
[Proposed Rules]
[Pages 62182-62185]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-25131]
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DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
14 CFR Part 39
[Docket No. FAA-2012-1070; Directorate Identifier 2012-NM-099-AD]
RIN 2120-AA64
Airworthiness Directives; Airbus Airplanes
AGENCY: Federal Aviation Administration (FAA), DOT.
ACTION: Notice of proposed rulemaking (NPRM).
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SUMMARY: We propose to adopt a new airworthiness directive (AD) for all
Airbus Model A300 B4-600, B4-600R, and F4-600R series airplanes, and
Model A300 C4-605R Variant F airplanes (collectively called Model A300-
600 series airplanes); and Airbus Model A310 series airplanes. This
proposed AD was prompted by fuel system reviews conducted by the
European Aviation Safety Agency (EASA). This proposed AD would require
modifying the electrical control circuits of the inner, center, and
trim tank pumps, as applicable. We are proposing this AD to reduce the
potential of ignition sources inside fuel tanks, which, in combination
with flammable fuel vapors, could result in fuel tank explosions and
consequent loss of the airplane.
DATES: We must receive comments on this proposed AD by November 26,
2012.
ADDRESSES: You may send comments by any of the following methods:
Federal eRulemaking Portal: Go to https://www.regulations.gov. Follow the instructions for submitting comments.
Fax: (202) 493-2251.
Mail: U.S. Department of Transportation, Docket
Operations, M-30, West Building Ground Floor, Room W12-140, 1200 New
Jersey Avenue SE., Washington, DC 20590.
Hand Delivery: U.S. Department of Transportation, Docket
Operations, M-30, West Building Ground Floor, Room W12-140, 1200 New
Jersey Avenue SE., Washington, DC, between 9 a.m. and 5 p.m., Monday
through Friday, except Federal holidays.
For service information identified in this proposed AD, contact
Airbus SAS--EAW (Airworthiness Office), 1 Rond Point Maurice Bellonte,
31707 Blagnac Cedex, France; telephone +33 5 61 93 36 96; fax +33 5 61
93 44 51; email account.airworth-eas@airbus.com; Internet https://www.airbus.com. You may review copies of the referenced
[[Page 62183]]
service information at the FAA, Transport Airplane Directorate, 1601
Lind Avenue SW., Renton, WA. For information on the availability of
this material at the FAA, call 425-227-1221.
Examining the AD Docket
You may examine the AD docket on the Internet at https://www.regulations.gov; or in person at the Docket Operations office
between 9 a.m. and 5 p.m., Monday through Friday, except Federal
holidays. The AD docket contains this proposed AD, the regulatory
evaluation, any comments received, and other information. The street
address for the Docket Operations office (telephone (800) 647-5527) is
in the ADDRESSES section. Comments will be available in the AD docket
shortly after receipt.
FOR FURTHER INFORMATION CONTACT: Dan Rodina, Aerospace Engineer,
International Branch, ANM-116, Transport Airplane Directorate, FAA,
1601 Lind Avenue SW., Renton, WA 98057-3356; telephone (425) 227- 2125;
fax (425) 227-1149.
SUPPLEMENTARY INFORMATION:
Comments Invited
We invite you to send any written relevant data, views, or
arguments about this proposed AD. Send your comments to an address
listed under the ADDRESSES section. Include ``Docket No. FAA-2012-1070;
Directorate Identifier 2012-NM-099-AD'' at the beginning of your
comments. We specifically invite comments on the overall regulatory,
economic, environmental, and energy aspects of this proposed AD. We
will consider all comments received by the closing date and may amend
this proposed AD based on those comments.
We will post all comments we receive, without change, to https://www.regulations.gov, including any personal information you provide. We
will also post a report summarizing each substantive verbal contact we
receive about this proposed AD.
Discussion
The European Aviation Safety Agency (EASA), which is the Technical
Agent for the Member States of the European Community, has issued EASA
Airworthiness Directive 2012-0091, dated May 25, 2012 (referred to
after this as ``the MCAI''), to correct an unsafe condition for the
specified products. The MCAI states:
[T]he FAA published Special Federal Aviation Regulation (SFAR)
88, and the Joint Aviation Authorities (JAA) published Interim
Policy INT/POL/25/12.
In the framework of these requirements, EASA have determined
that the electrical power supply circuits of certain fuel pumps,
installed on A300/A300-600, A310 and A300-600ST aeroplane, for which
the canisters become uncovered during normal operation, could, under
certain conditions, create an ignition source in the tank vapour
space.
This condition, if not corrected, could result in a fuel tank
explosion and consequent loss of the aeroplane.
To address this potential unsafe condition, Airbus developed a
modification which includes the installation of Ground Fault
Interrupters (GFI) into the inner, centre, and trim tank fuel pump
control circuits, providing additional system protection by
electrically isolating the pump in case of a ground fault condition
downstream of the GFI. For the reasons described above, this AD
requires modification of the affected fuel pumps control circuit by
installing GFI.
You may obtain further information by examining the MCAI in the AD
docket.
The FAA has examined the underlying safety issues involved in fuel
tank explosions on several large transport airplanes, including the
adequacy of existing regulations, the service history of airplanes
subject to those regulations, and existing maintenance practices for
fuel tank systems. As a result of those findings, we issued a
regulation titled ``Transport Airplane Fuel Tank System Design Review,
Flammability Reduction and Maintenance and Inspection Requirements''
(66 FR 23086, May 7, 2001). In addition to new airworthiness standards
for transport airplanes and new maintenance requirements, this rule
included Special Federal Aviation Regulation No. 88 (``SFAR 88,''
Amendment 21-78, and subsequent Amendments 21-82 and 21-83).
Among other actions, SFAR 88 (66 FR 23086, May 7, 2001) requires
certain type design (i.e., type certificate (TC) and supplemental type
certificate (STC)) holders to substantiate that their fuel tank systems
can prevent ignition sources in the fuel tanks. This requirement
applies to type design holders for large turbine-powered transport
airplanes and for subsequent modifications to those airplanes. It
requires them to perform design reviews and to develop design changes
and maintenance procedures if their designs do not meet the new fuel
tank safety standards. As explained in the preamble to the rule, we
intended to adopt airworthiness directives to mandate any changes found
necessary to address unsafe conditions identified as a result of these
reviews.
In evaluating these design reviews, we have established four
criteria intended to define the unsafe conditions associated with fuel
tank systems that require corrective actions. The percentage of
operating time during which fuel tanks are exposed to flammable
conditions is one of these criteria. The other three criteria address
the failure types under evaluation: single failures, single failures in
combination with a latent condition(s), and in-service failure
experience. For all four criteria, the evaluations included
consideration of previous actions taken that may mitigate the need for
further action.
The Joint Aviation Authorities (JAA) has issued a regulation that
is similar to SFAR 88 (66 FR 23086, May 7, 2001). (The JAA is an
associated body of the European Civil Aviation Conference (ECAC)
representing the civil aviation regulatory authorities of a number of
European States who have agreed to co-operate in developing and
implementing common safety regulatory standards and procedures.) Under
this regulation, the JAA stated that all members of the ECAC that hold
type certificates for transport category airplanes are required to
conduct a design review against explosion risks.
We have determined that the actions identified in this AD are
necessary to reduce the potential of ignition sources inside fuel
tanks, which, in combination with flammable fuel vapors, could result
in fuel tank explosions and consequent loss of the airplane.
Relevant Service Information
Airbus has issued Mandatory Service Bulletins A300-28-6104 and
A310-28-2170, both dated February 28, 2012. The actions described in
this service information are intended to correct the unsafe condition
identified in the MCAI.
FAA's Determination and Requirements of This Proposed AD
This product has been approved by the aviation authority of another
country, and is approved for operation in the United States. Pursuant
to our bilateral agreement with the State of Design Authority, we have
been notified of the unsafe condition described in the MCAI and service
information referenced above. We are proposing this AD because we
evaluated all pertinent information and determined an unsafe condition
exists and is likely to exist or develop on other products of the same
type design.
Costs of Compliance
Based on the service information, we estimate that this proposed AD
would affect about 162 products of U.S. registry. We also estimate that
it would take about 6 work-hours per product to comply with the basic
requirements of
[[Page 62184]]
this proposed AD. The average labor rate is $85 per work-hour. Required
parts would cost about $17,680 per product. Where the service
information lists required parts costs that are covered under warranty,
we have assumed that there will be no charge for these parts. As we do
not control warranty coverage for affected parties, some parties may
incur costs higher than estimated here. Based on these figures, we
estimate the cost of the proposed AD on U.S. operators to be
$2,946,780, or $18,190 per product.
Authority for This Rulemaking
Title 49 of the United States Code specifies the FAA's authority to
issue rules on aviation safety. Subtitle I, section 106, describes the
authority of the FAA Administrator. ``Subtitle VII: Aviation
Programs,'' describes in more detail the scope of the Agency's
authority.
We are issuing this rulemaking under the authority described in
``Subtitle VII, Part A, Subpart III, Section 44701: General
requirements.'' Under that section, Congress charges the FAA with
promoting safe flight of civil aircraft in air commerce by prescribing
regulations for practices, methods, and procedures the Administrator
finds necessary for safety in air commerce. This regulation is within
the scope of that authority because it addresses an unsafe condition
that is likely to exist or develop on products identified in this
rulemaking action.
Regulatory Findings
We determined that this proposed AD would not have federalism
implications under Executive Order 13132. This proposed AD would not
have a substantial direct effect on the States, on the relationship
between the national Government and the States, or on the distribution
of power and responsibilities among the various levels of government.
For the reasons discussed above, I certify this proposed
regulation:
1. Is not a ``significant regulatory action'' under Executive Order
12866;
2. Is not a ``significant rule'' under the DOT Regulatory Policies
and Procedures (44 FR 11034, February 26, 1979);
3. Will not affect intrastate aviation in Alaska; and
4. Will not have a significant economic impact, positive or
negative, on a substantial number of small entities under the criteria
of the Regulatory Flexibility Act.
We prepared a regulatory evaluation of the estimated costs to
comply with this proposed AD and placed it in the AD docket.
List of Subjects in 14 CFR Part 39
Air transportation, Aircraft, Aviation safety, Incorporation by
reference, Safety.
The Proposed Amendment
Accordingly, under the authority delegated to me by the
Administrator, the FAA proposes to amend 14 CFR part 39 as follows:
PART 39--AIRWORTHINESS DIRECTIVES
1. The authority citation for part 39 continues to read as follows:
Authority: 49 U.S.C. 106(g), 40113, 44701.
Sec. 39.13 [Amended]
2. The FAA amends Sec. 39.13 by adding the following new AD:
Airbus: Docket No. FAA-2012-1070; Directorate Identifier 2012-NM-
099-AD.
(a) Comments Due Date
We must receive comments by November 26, 2012.
(b) Affected ADs
None.
(c) Applicability
This AD applies to the airplanes identified in paragraphs (c)(1)
and (c)(2) of this AD; certificated in any category.
(1) All Airbus Model A300 B4-601, B4-603, B4-620, and B4-622
airplanes; Model A300 B4-605R and B4-622R airplanes; Model A300 F4-
605R and F4-622R airplanes; and Model A300 C4-605R Variant F
airplanes.
(2) All Airbus Model A310-203, -204, -221, -222, -304, -322, -
324, and -325 airplanes.
(d) Subject
Air Transport Association (ATA) of America Code 28; Fuel.
(e) Reason
This AD was prompted by fuel system reviews conducted by the
European Aviation Safety Agency (EASA). We are issuing this AD to
reduce the potential of ignition sources inside fuel tanks, which,
in combination with flammable fuel vapors, could result in fuel tank
explosions and consequent loss of the airplane.
(f) Compliance
You are responsible for having the actions required by this AD
performed within the compliance times specified, unless the actions
have already been done.
(g) Actions
Within 48 months after the effective date of this AD, accomplish
the actions specified in paragraph (g)(1) or (g)(2) of this AD, as
applicable.
(1) For Model A310 series airplanes: Modify the electrical
control circuits of the inner, center, and trim tank pumps, as
applicable, in accordance with the Accomplishment Instructions of
Airbus Mandatory Service Bulletin A310-28-2170, dated February 28,
2012.
(2) For Model A300-600 airplanes: Modify the electrical control
circuits of the inner, center, and trim tank pumps, as applicable,
in accordance with the Accomplishment Instructions of Airbus
Mandatory Service Bulletin A300-28-6104, dated February 28, 2012.
(h) Other FAA AD Provisions
The following provisions also apply to this AD:
(1) Alternative Methods of Compliance (AMOCs): The Manager,
International Branch, ANM-116, Transport Airplane Directorate, FAA,
has the authority to approve AMOCs for this AD, if requested using
the procedures found in 14 CFR 39.19. In accordance with 14 CFR
39.19, send your request to your principal inspector or local Flight
Standards District Office, as appropriate. If sending information
directly to the International Branch, send it to ATTN: Dan Rodina,
Aerospace Engineer, International Branch, ANM-116, Transport
Airplane Directorate, FAA, 1601 Lind Avenue SW., Renton, WA 98057-
3356; telephone (425) 227-2125; fax (425) 227-1149. Information may
be emailed to: 9-ANM-116-AMOC-REQUESTS@faa.gov. Before using any
approved AMOC, notify your appropriate principal inspector, or
lacking a principal inspector, the manager of the local flight
standards district office/certificate holding district office. The
AMOC approval letter must specifically reference this AD.
(2) Airworthy Product: For any requirement in this AD to obtain
corrective actions from a manufacturer or other source, use these
actions if they are FAA-approved. Corrective actions are considered
FAA-approved if they are approved by the State of Design Authority
(or their delegated agent). You are required to assure the product
is airworthy before it is returned to service.
(i) Related Information
(1) Refer to MCAI EASA Airworthiness Directive 2012-0091, dated
May 25, 2012; and the service information identified in paragraphs
(i)(1)(i) and (i)(1)(ii) of this AD; for related information.
(i) Airbus Mandatory Service Bulletin A310-28-2170, dated
February 28, 2012.
(ii) Airbus Mandatory Service Bulletin A300-28-6104, dated
February 28, 2012.
(2) For service information identified in this AD, contact
Airbus SAS--EAW (Airworthiness Office), 1 Rond Point Maurice
Bellonte, 31707 Blagnac Cedex, France; telephone +33 5 61 93 36 96;
fax +33 5 61 93 44 51; email account.airworth-eas@airbus.com;
Internet https://www.airbus.com. You may review copies of the
referenced service information at the FAA, Transport Airplane
Directorate, 1601 Lind Avenue SW., Renton, WA. For information on
the availability of this material at the FAA, call 425-227-1221.
[[Page 62185]]
Issued in Renton, Washington, on October 3, 2012.
John P. Piccola,
Acting Manager, Transport Airplane Directorate, Aircraft Certification
Service.
[FR Doc. 2012-25131 Filed 10-11-12; 8:45 am]
BILLING CODE 4910-13-P