Capital, Margin, and Segregation Requirements for Security-Based Swap Dealers and Major Security-Based Swap Participants and Capital Requirements for Broker-Dealers; Correction, 71568 [2012-29048]

Download as PDF 71568 Proposed Rules Federal Register Vol. 77, No. 232 Monday, December 3, 2012 This section of the FEDERAL REGISTER contains notices to the public of the proposed issuance of rules and regulations. The purpose of these notices is to give interested persons an opportunity to participate in the rule making prior to the adoption of the final rules. SECURITIES AND EXCHANGE COMMISSION 17 CFR Part 240 [Release No. 34–68071A; File No. S7–08– 12] RIN 3235–AL12 Capital, Margin, and Segregation Requirements for Security-Based Swap Dealers and Major SecurityBased Swap Participants and Capital Requirements for Broker-Dealers; Correction Securities and Exchange Commission. ACTION: Proposed rule; correction. 1. In footnote 172 in the first column of page 70233, the first row of the table, which currently reads ‘‘Time to Maturity and Deduction’’, is corrected to read: ‘‘Time to Maturity Category— Deduction’’. 2. In the third column of page 70332, paragraph 6.c. identifying an amendment to 17 CFR 240.15c3– 1e(c)(2)(ii), which currently reads ‘‘In paragraph (c)(2)(ii), removing the phrase ‘‘$5 billion’’ and adding in its place the phrase ‘‘$6 billion’’; and’’, is corrected to read: ‘‘In paragraph (c)(2)(ii), removing the phrase ‘‘less than 50%’’ and adding in its place the phrase ‘‘less than or equal to 50%’’; and’’. Dated: November 27, 2012. Elizabeth M. Murphy, Secretary. [FR Doc. 2012–29048 Filed 11–30–12; 8:45 am] BILLING CODE 8011–01–P AGENCY: Technical corrections are being made to the Commission’s Release No. 34–68071, which proposed capital and margin requirements for securitybased swap dealers (‘‘SBSDs’’) and major security-based swap participants (‘‘MSBSPs’’), segregation requirements for SBSDs, and notification requirements with respect to segregation for SBSDs and MSBSPs, as well as increases to the minimum net capital requirements for broker-dealers permitted to use the alternative internal model-based method for computing net capital. FOR FURTHER INFORMATION CONTACT: Sheila Dombal Swartz, Special Counsel, at (202) 551–5545, or Valentina Minak Deng, Attorney, at (202) 551–5778, Division of Trading and Markets, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549–7010. SUPPLEMENTARY INFORMATION: Specifically, corrections are being made to the table in footnote 172 on page 70233 and paragraph 6.c. of page 70332 of volume 77 of the Federal Register. The following corrections are hereby made to Release No. 34–68071 (October 18, 2012), which was published in FR Doc. 2012–26164 and appeared on page 70214 of the Federal Register on November 23, 2012 (77 FR 70214): SUMMARY: emcdonald on DSK67QTVN1PROD with PROPOSALS ENVIRONMENTAL PROTECTION AGENCY VerDate Mar<15>2010 12:54 Nov 30, 2012 Jkt 229001 40 CFR Part 52 [EPA–R04–OAR–2012–0237; FRL–9757–2] Approval and Promulgation of Implementation Plans; Tennessee; Interstate Transport Infrastructure Requirements (Prevention of Significant Deterioration) for the 2008 8-Hour Ozone National Ambient Air Quality Standards Environmental Protection Agency (EPA). ACTION: Supplemental proposed rule. AGENCY: EPA is proposing to conditionally approve the State Implementation Plan (SIP) submission, submitted by the State of Tennessee through the Tennessee Department of Environment and Conservation (TDEC). This proposal pertains to the Clean Air Act (CAA) requirements pertaining to prevention of significant deterioration (PSD) (concerning the PM2.5 increments) for the for the 2008 8-hour ozone national ambient air quality standards (NAAQS) infrastructure SIPs. The CAA requires that each state adopt and submit a SIP for the implementation, maintenance, and enforcement of each NAAQS promulgated by EPA, which is commonly referred to as an ‘‘infrastructure’’ SIP. TDEC certified that the Tennessee SIP contains provisions SUMMARY: PO 00000 Frm 00001 Fmt 4702 Sfmt 4702 that ensure the 2008 8-hour ozone NAAQS are implemented, enforced, and maintained in Tennessee (hereafter referred to as ‘‘infrastructure submission’’). EPA is proposing to supplement the earlier proposed approval related to sections related to prevention of significant deterioration (PSD) (concerning the PM2.5 increments) by proposing conditional approval of the State’s infrastructure submission based upon a October 4, 2012, commitment by the State to submit a SIP revision to address current deficiencies in these sections. EPA is proposing to conditionally approve these sections related to PSD because the current Tennessee SIP does not include provisions to fully comply with the requirements of these sections. All of the other required infrastructure elements for the 2008 8-hour ozone NAAQS are being addressed in a separate rulemaking. DATES: Written comments must be received on or before December 24, 2012. ADDRESSES: Submit your comments, identified by Docket ID No. EPA–R04– OAR–2012–0237, by one of the following methods: 1. www.regulations.gov: Follow the on-line instructions for submitting comments. 2. Email: R4–RDS@epa.gov. 3. Fax: (404) 562–9019. 4. Mail: ‘‘EPA–R04–OAR–2012– 0237,’’ Regulatory Development Section, Air Planning Branch, Air, Pesticides and Toxics Management Division, U.S. Environmental Protection Agency, Region 4, 61 Forsyth Street SW., Atlanta, Georgia 30303–8960. 5. Hand Delivery or Courier: Lynorae Benjamin, Regulatory Development Section, Air Planning Branch, Air, Pesticides and Toxics Management Division, U.S. Environmental Protection Agency, Region 4, 61 Forsyth Street SW., Atlanta, Georgia 30303–8960. Such deliveries are only accepted during the Regional Office’s normal hours of operation. The Regional Office’s official hours of business are Monday through Friday, 8:30 to 4:30, excluding federal holidays. Instructions: Direct your comments to Docket ID No. EPA–R04–OAR–2012– 0237. EPA’s policy is that all comments received will be included in the public docket without change and may be made available online at E:\FR\FM\03DEP1.SGM 03DEP1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 77, Number 232 (Monday, December 3, 2012)]
[Proposed Rules]
[Page 71568]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-29048]


========================================================================
Proposed Rules
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains notices to the public of 
the proposed issuance of rules and regulations. The purpose of these 
notices is to give interested persons an opportunity to participate in 
the rule making prior to the adoption of the final rules.

========================================================================


Federal Register / Vol. 77, No. 232 / Monday, December 3, 2012 / 
Proposed Rules

[[Page 71568]]



SECURITIES AND EXCHANGE COMMISSION

17 CFR Part 240

[Release No. 34-68071A; File No. S7-08-12]
RIN 3235-AL12


Capital, Margin, and Segregation Requirements for Security-Based 
Swap Dealers and Major Security-Based Swap Participants and Capital 
Requirements for Broker-Dealers; Correction

AGENCY: Securities and Exchange Commission.

ACTION: Proposed rule; correction.

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

SUMMARY: Technical corrections are being made to the Commission's 
Release No. 34-68071, which proposed capital and margin requirements 
for security-based swap dealers (``SBSDs'') and major security-based 
swap participants (``MSBSPs''), segregation requirements for SBSDs, and 
notification requirements with respect to segregation for SBSDs and 
MSBSPs, as well as increases to the minimum net capital requirements 
for broker-dealers permitted to use the alternative internal model-
based method for computing net capital.

FOR FURTHER INFORMATION CONTACT: Sheila Dombal Swartz, Special Counsel, 
at (202) 551-5545, or Valentina Minak Deng, Attorney, at (202) 551-
5778, Division of Trading and Markets, Securities and Exchange 
Commission, 100 F Street NE., Washington, DC 20549-7010.

SUPPLEMENTARY INFORMATION: Specifically, corrections are being made to 
the table in footnote 172 on page 70233 and paragraph 6.c. of page 
70332 of volume 77 of the Federal Register. The following corrections 
are hereby made to Release No. 34-68071 (October 18, 2012), which was 
published in FR Doc. 2012-26164 and appeared on page 70214 of the 
Federal Register on November 23, 2012 (77 FR 70214):
    1. In footnote 172 in the first column of page 70233, the first row 
of the table, which currently reads ``Time to Maturity and Deduction'', 
is corrected to read: ``Time to Maturity Category--Deduction''.
    2. In the third column of page 70332, paragraph 6.c. identifying an 
amendment to 17 CFR 240.15c3-1e(c)(2)(ii), which currently reads ``In 
paragraph (c)(2)(ii), removing the phrase ``$5 billion'' and adding in 
its place the phrase ``$6 billion''; and'', is corrected to read: ``In 
paragraph (c)(2)(ii), removing the phrase ``less than 50%'' and adding 
in its place the phrase ``less than or equal to 50%''; and''.

    Dated: November 27, 2012.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2012-29048 Filed 11-30-12; 8:45 am]
BILLING CODE 8011-01-P

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