Enhanced Prudential Standards and Early Remediation Requirements for Foreign Banking Organizations and Foreign Nonbank Financial Companies, 13294-13295 [2013-04497]

Download as PDF 13294 Federal Register / Vol. 78, No. 39 / Wednesday, February 27, 2013 / Proposed Rules erowe on DSK2VPTVN1PROD with PROPOSALS-1 (a) Certain business information submitted to APHIS in notifications and applications for permits under this part may be disclosed to State or Tribal government agencies provided that the State or Tribal government agency has entered into a written agreement with APHIS that includes: (1) A statement establishing the State’s or Tribe’s authority to protect certain business information from public disclosure; (2) A statement by the State or Tribal government agency that it has suitable procedures in place to ensure the security of the business information, and the means to specify and restrict their respective officials allowed access to such information. Such procedures must be equivalent to those specified in APHIS’ policy 14 on the protection of privileged or confidential business information; (3) A statement that the State or Tribal government agency will not disclose any business information provided by APHIS without the written permission of the submitter of the information or written confirmation by APHIS that the information no longer has confidential status; (4) A statement that all persons with access to business information provided by APHIS will be trained by the State or Tribal authority on how to maintain the security of the shared APHIS documents before having access to the CBI; (5) Any other terms as agreed to by APHIS and the State or Tribal government agency. (b) The ‘‘certain business information’’ that APHIS may authorize to be shared under paragraph (a) of this section may include information about the regulated article, including details about the phenotype as provided by the applicant; the site(s) of the introduction including provision of accurate details of the location, acreage (for environmental releases), and purpose of the introduction if provided; dates of activities, including proposed planting and termination dates for the regulated article, actual dates when available; methods of confinement, including design protocols if available, and 14 APHIS’ ‘‘Policy Statement on the Protection of Privileged or Confidential Business Information’’ may be viewed on the APHIS Web site at http:// www.aphis.usda.gov/animal_health/vet_biologics/ publications/pel_1_2.pdf. The instructions for submitting CBI consistent with this policy are found in the BRS document titled ‘‘USDA–APHIS Biotechnology Regulatory Services User’s Guide’’(version 2/5/2008) and information may be viewed on the Internet at http:// www.aphis.usda.gov/brs/pdf/ Doc_Prep_Guidance.pdf or obtained from the person listed under FOR FURTHER INFORMATION CONTACT. VerDate Mar<15>2010 15:05 Feb 26, 2013 Jkt 229001 description of disposition if provided; and site cooperator, including contact information for the responsible person or cooperator, depending upon what information the applicant has provided to APHIS. APHIS intends that the disclosure of information will be for the purpose of facilitating the State or Tribal agency review. In addition, the exchange of information may also be made in certain emergency situations with States or Tribal government agencies to support better disaster responses and maintain confinement of regulated articles. Also, information sharing will help facilitate participation in the inspection and compliance programs established between the States and Tribes and APHIS under specific agreements. (c) Information APHIS discloses under this section is not a disclosure of information to the public. Disclosures made under this section do not waive any FOIA exemption protection. Done in Washington, DC, this 20th day of February 2013. Rebecca Blue, Deputy Under Secretary for Marketing and Regulatory Programs. [FR Doc. 2013–04478 Filed 2–26–13; 8:45 am] BILLING CODE 3410–34–P FEDERAL RESERVE SYSTEM 12 CFR Part 252 [Regulation YY; Docket No. 1438] RIN 7100–AD–86 Enhanced Prudential Standards and Early Remediation Requirements for Foreign Banking Organizations and Foreign Nonbank Financial Companies Board of Governors of the Federal Reserve System (Board). ACTION: Proposed rule; extension of comment period. AGENCY: SUMMARY: On December 28, 2012, the Board published in the Federal Register a notice of proposed rulemaking to implement the enhanced prudential standards required to be established under section 165 of the Dodd-Frank Act and the early remediation requirements established under section 166 of the Act for foreign banking organizations and foreign nonbank financial companies supervised by the Board. Due to the range and complexity of the issues addressed in the rulemaking, the Board has determined that an extension of the public comment period until April 30, 2013, is appropriate. This action will allow interested persons PO 00000 Frm 00009 Fmt 4702 Sfmt 4702 additional time to analyze the proposed rules and prepare their comments. DATES: The comment period for the proposed rule published December 28, 2012 (77 FR 76628) is extended from March 31, 2013 to April 30, 2013. ADDRESSES: You may submit comments by any of the methods identified in the proposed rule.1 Please submit your comments using only one method. FOR FURTHER INFORMATION CONTACT: Molly E. Mahar, Adviser, (202) 973– 7360, Division of Banking Supervision and Regulation; Ann Misback, Associate General Counsel, (202) 452–3788, or Christine Graham, Senior Attorney, (202) 452–3005, Legal Division. SUPPLEMENTARY INFORMATION: On December 28, 2012, the Board published in the Federal Register a notice of proposed rulemaking to implement the enhanced prudential standards required to be established under section 165 of the Dodd-Frank Act and the early remediation requirements established under section 166 of the Act for foreign banking organizations and foreign nonbank financial companies supervised by the Board. The enhanced prudential standards include risk-based capital and leverage requirements, liquidity standards, risk management and risk committee requirements, single-counterparty credit limits, and stress test requirements, and a debt-toequity limit for companies that the Financial Stability Oversight Council has determined pose a grave threat to financial stability. In recognition of the complexities of the issues addressed and the variety of considerations involved with implementation of the proposal, the Board requested that commenters respond to numerous questions. The proposed rule stated that the public comment period would close on March 31, 2013.2 The Board has received a request from the public for an extension of the comment period to allow for additional time for comments related to the provisions of the proposed rule.3 The Board believes that the additional period for comment will facilitate public comment on the provisions of the proposed rule and the questions posed by the Board. Therefore, the Board is extending the end of the comment 1 See Enhanced Prudential Standards and Early Remediation Requirements for Foreign Banking Organizations and Foreign Nonbank Financial Companies, 77 FR 76628 (December 28, 2012). 2 Id. 3 See, e.g., Comment letter to the Board from The Institute of International Bankers et al. (January 31, 2013). E:\FR\FM\27FEP1.SGM 27FEP1 Federal Register / Vol. 78, No. 39 / Wednesday, February 27, 2013 / Proposed Rules By order of the Board of Governors of the Federal Reserve System, acting through the Secretary of the Board under delegated authority, February 22, 2013. Robert deV. Frierson, Secretary of the Board. of each pesticide petition summary. You may also reach each contact person by mail at Registration Division (7505P), Office of Pesticide Programs, Environmental Protection Agency, 1200 Pennsylvania Ave. NW., Washington, DC 20460–0001. SUPPLEMENTARY INFORMATION: [FR Doc. 2013–04497 Filed 2–26–13; 8:45 am] I. General Information BILLING CODE 6210–01–P A. Does this action apply to me? You may be potentially affected by this action if you are an agricultural producer, food manufacturer, or pesticide manufacturer. The following list of North American Industrial Classification System (NAICS) codes is not intended to be exhaustive, but rather provides a guide to help readers determine whether this document applies to them. Potentially affected entities may include: • Crop production (NAICS code 111). • Animal production (NAICS code 112). • Food manufacturing (NAICS code 311). • Pesticide manufacturing (NAICS code 32532). If you have any questions regarding the applicability of this action to a particular entity, consult the person listed at the end of the pesticide petition summary of interest. period for the proposed rule from March 31, 2013 to April 30, 2013. ENVIRONMENTAL PROTECTION AGENCY 40 CFR Part 180 [EPA–HQ–OPP–2013–0023; FRL–9380–2] Receipt of Several Pesticide Petitions Filed for Residues of Pesticide Chemicals in or on Various Commodities Environmental Protection Agency (EPA). ACTION: Notice of filing of petitions and request for comment. erowe on DSK2VPTVN1PROD with PROPOSALS-1 AGENCY: SUMMARY: This document announces the Agency’s receipt of several initial filings of pesticide petitions requesting the establishment or modification of regulations for residues of pesticide chemicals in or on various commodities. DATES: Comments must be received on or before March 29, 2013. ADDRESSES: Submit your comments, identified by the docket identification (ID) number and the pesticide petition number (PP) of interest as shown in the body of this document, by one of the following methods: • Federal eRulemaking Portal: http:// www.regulations.gov. Follow the online instructions for submitting comments. Do not submit electronically any information you consider to be Confidential Business Information (CBI) or other information whose disclosure is restricted by statute. • Mail: OPP Docket, Environmental Protection Agency Docket Center (EPA/ DC), (28221T), 1200 Pennsylvania Ave. NW., Washington, DC 20460–0001. • Hand Delivery: To make special arrangements for hand delivery or delivery of boxed information, please follow the instructions at http:// www.epa.gov/dockets/contacts.htm. Additional instructions on commenting or visiting the docket, along with more information about dockets generally, is available at http://www.epa.gov/ dockets. A contact person, with telephone number and email address, is listed at the end FOR FURTHER INFORMATION CONTACT: VerDate Mar<15>2010 15:05 Feb 26, 2013 Jkt 229001 B. What should I consider as I prepare my comments for EPA? 1. Submitting CBI. Do not submit this information to EPA through regulations.gov or email. Clearly mark the part or all of the information that you claim to be CBI. For CBI information in a disk or CD–ROM that you mail to EPA, mark the outside of the disk or CD–ROM as CBI and then identify electronically within the disk or CD–ROM the specific information that is claimed as CBI. In addition to one complete version of the comment that includes information claimed as CBI, a copy of the comment that does not contain the information claimed as CBI must be submitted for inclusion in the public docket. Information so marked will not be disclosed except in accordance with procedures set forth in 40 CFR part 2. 2. Tips for preparing your comments. When submitting comments, remember to: i. Identify the document by docket ID number and other identifying information (subject heading, Federal Register date and page number). ii. Follow directions. The Agency may ask you to respond to specific questions or organize comments by referencing a Code of Federal Regulations (CFR) part or section number. PO 00000 Frm 00010 Fmt 4702 Sfmt 4702 13295 iii. Explain why you agree or disagree; suggest alternatives and substitute language for your requested changes. iv. Describe any assumptions and provide any technical information and/ or data that you used. v. If you estimate potential costs or burdens, explain how you arrived at your estimate in sufficient detail to allow for it to be reproduced. vi. Provide specific examples to illustrate your concerns and suggest alternatives. vii. Explain your views as clearly as possible, avoiding the use of profanity or personal threats. viii. Make sure to submit your comments by the comment period deadline identified. 3. Environmental justice. EPA seeks to achieve environmental justice, the fair treatment and meaningful involvement of any group, including minority and/or low-income populations, in the development, implementation, and enforcement of environmental laws, regulations, and policies. To help address potential environmental justice issues, the Agency seeks information on any groups or segments of the population who, as a result of their location, cultural practices, or other factors, may have atypical or disproportionately high and adverse human health impacts or environmental effects from exposure to the pesticides discussed in this document, compared to the general population. II. What action is the Agency taking? EPA is announcing its receipt of several pesticide petitions filed under section 408 of the Federal Food, Drug, and Cosmetic Act (FFDCA), (21 U.S.C. 346a), requesting the establishment or modification of regulations in 40 CFR part 180 for residues of pesticide chemicals in or on various food commodities. The Agency is taking public comment on the requests before responding to the petitioners. EPA is not proposing any particular action at this time. EPA has determined that the pesticide petitions described in this document contain the data or information prescribed in FFDCA section 408(d)(2); however, EPA has not fully evaluated the sufficiency of the submitted data at this time or whether the data support granting of the pesticide petitions. After considering the public comments, EPA intends to evaluate whether and what action may be warranted. Additional data may be needed before EPA can make a final determination on these pesticide petitions. Pursuant to 40 CFR 180.7(f), a summary of each of the petitions that E:\FR\FM\27FEP1.SGM 27FEP1

Agencies

[Federal Register Volume 78, Number 39 (Wednesday, February 27, 2013)]
[Proposed Rules]
[Pages 13294-13295]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-04497]


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FEDERAL RESERVE SYSTEM

12 CFR Part 252

[Regulation YY; Docket No. 1438]
RIN 7100-AD-86


Enhanced Prudential Standards and Early Remediation Requirements 
for Foreign Banking Organizations and Foreign Nonbank Financial 
Companies

AGENCY: Board of Governors of the Federal Reserve System (Board).

ACTION: Proposed rule; extension of comment period.

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

SUMMARY: On December 28, 2012, the Board published in the Federal 
Register a notice of proposed rulemaking to implement the enhanced 
prudential standards required to be established under section 165 of 
the Dodd-Frank Act and the early remediation requirements established 
under section 166 of the Act for foreign banking organizations and 
foreign nonbank financial companies supervised by the Board.
    Due to the range and complexity of the issues addressed in the 
rulemaking, the Board has determined that an extension of the public 
comment period until April 30, 2013, is appropriate. This action will 
allow interested persons additional time to analyze the proposed rules 
and prepare their comments.

DATES: The comment period for the proposed rule published December 28, 
2012 (77 FR 76628) is extended from March 31, 2013 to April 30, 2013.

ADDRESSES: You may submit comments by any of the methods identified in 
the proposed rule.\1\ Please submit your comments using only one 
method.
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    \1\ See Enhanced Prudential Standards and Early Remediation 
Requirements for Foreign Banking Organizations and Foreign Nonbank 
Financial Companies, 77 FR 76628 (December 28, 2012).

FOR FURTHER INFORMATION CONTACT: Molly E. Mahar, Adviser, (202) 973-
7360, Division of Banking Supervision and Regulation; Ann Misback, 
Associate General Counsel, (202) 452-3788, or Christine Graham, Senior 
---------------------------------------------------------------------------
Attorney, (202) 452-3005, Legal Division.

SUPPLEMENTARY INFORMATION: On December 28, 2012, the Board published in 
the Federal Register a notice of proposed rulemaking to implement the 
enhanced prudential standards required to be established under section 
165 of the Dodd-Frank Act and the early remediation requirements 
established under section 166 of the Act for foreign banking 
organizations and foreign nonbank financial companies supervised by the 
Board. The enhanced prudential standards include risk-based capital and 
leverage requirements, liquidity standards, risk management and risk 
committee requirements, single-counterparty credit limits, and stress 
test requirements, and a debt-to-equity limit for companies that the 
Financial Stability Oversight Council has determined pose a grave 
threat to financial stability.
    In recognition of the complexities of the issues addressed and the 
variety of considerations involved with implementation of the proposal, 
the Board requested that commenters respond to numerous questions. The 
proposed rule stated that the public comment period would close on 
March 31, 2013.\2\
---------------------------------------------------------------------------

    \2\ Id.
---------------------------------------------------------------------------

    The Board has received a request from the public for an extension 
of the comment period to allow for additional time for comments related 
to the provisions of the proposed rule.\3\ The Board believes that the 
additional period for comment will facilitate public comment on the 
provisions of the proposed rule and the questions posed by the Board. 
Therefore, the Board is extending the end of the comment

[[Page 13295]]

period for the proposed rule from March 31, 2013 to April 30, 2013.
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    \3\ See, e.g., Comment letter to the Board from The Institute of 
International Bankers et al. (January 31, 2013).

    By order of the Board of Governors of the Federal Reserve 
System, acting through the Secretary of the Board under delegated 
authority, February 22, 2013.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2013-04497 Filed 2-26-13; 8:45 am]
BILLING CODE 6210-01-P