Position Limits for Derivatives and Aggregation of Positions, 30762-30763 [2014-12427]
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30762
Federal Register / Vol. 79, No. 103 / Thursday, May 29, 2014 / Proposed Rules
to make those findings. For a repair method
to be approved, the repair must meet the
certification basis of the airplane.
(4) AMOCs approved for inspections
required by AD 2012–13–08 (77 FR 40481,
July 10, 2012) are approved as AMOCs for the
corresponding inspection provisions of
paragraphs (g), (h), and (i) of this AD.
(5) AMOCs approved for AD 2012–13–08
(77 FR 40481, July 10, 2012) that granted
modification deviations are approved as
AMOCs for the corresponding modification
required by paragraph (j)(1) of this AD.
(o) Related Information
(1) For more information about this AD,
contact Nathan Weigand, Aerospace
Engineer, Airframe Branch, ANM–120S,
Seattle Aircraft Certification Office (ACO),
FAA, 1601 Lind Avenue SW., Renton, WA
98057–3356; phone: 425–917–6428; fax: 425–
917–6590; email: Nathan.P.Weigand@
faa.gov.
(2) For service information identified in
this AD, contact Boeing Commercial
Airplanes, Attention: Data & Services
Management, P.O. Box 3707, MC 2H–65,
Seattle, WA 98124–2207; telephone 206–
544–5000, extension 1; fax 206–766–5680;
Internet https://www.myboeingfleet.com. You
may view this 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.
Issued in Renton, Washington, on May 16,
2014.
Michael Kaszycki,
Acting Manager, Transport Airplane
Directorate, Aircraft Certification Service.
[FR Doc. 2014–12479 Filed 5–28–14; 8:45 am]
BILLING CODE 4910–13–P
COMMODITY FUTURES TRADING
COMMISSION
17 CFR Parts 1, 15, 17, 19, 32, 37, 38,
140, and 150
RIN 3038–AD99; 3038–AD82
Position Limits for Derivatives and
Aggregation of Positions
Commodity Futures Trading
Commission.
ACTION: Notice of proposed rulemaking;
reopening of comment periods.
AGENCY:
On December 12, 2013, the
Commodity Futures Trading
Commission (‘‘Commission’’) published
in the Federal Register a notice of
proposed rulemaking (the ‘‘Position
Limits Proposal’’) to establish
speculative position limits for 28
exempt and agricultural commodity
futures and options contracts and the
physical commodity swaps that are
economically equivalent to such
contracts. On November 15, 2013, the
Commission published in the Federal
emcdonald on DSK67QTVN1PROD with PROPOSALS
SUMMARY:
VerDate Mar<15>2010
16:51 May 28, 2014
Jkt 232001
Register a notice of proposed
rulemaking (the ‘‘Aggregation
Proposal’’) to amend existing
regulations setting out the Commission’s
policy for aggregation under its position
limits regime. The Commission has
directed staff to hold a public
roundtable on June 19, 2014, to consider
certain issues regarding position limits
for physical commodity derivatives. In
order to provide interested parties with
an opportunity to comment on the
issues to be discussed at the roundtable,
the Commission will reopen the
comment periods for the Position Limits
Proposal and the Aggregation Proposal
for a three-week period starting June 12,
2014 (one week before the roundtable)
and ending July 3, 2014 (two weeks
following the roundtable).
Comments should be limited to the
issues of hedges of a physical
commodity by a commercial enterprise,
including gross hedging, crosscommodity hedging, anticipatory
hedging, and the process for obtaining a
non-enumerated exemption; the setting
of spot month limits in physicaldelivery and cash-settled contracts and
a conditional spot-month limit
exemption; the setting of non-spot limits
for wheat contracts; the aggregation
exemption for certain ownership
interests of greater than 50 percent in an
owned entity; and aggregation based on
substantially identical trading strategies.
DATES: The comment periods for the
Aggregation Proposal published
November 15, 2013, at 78 FR 68946, and
for the Position Limits Proposal
published December 12, 2013, at 78 FR
75680, will reopen on June 12, 2014,
and close on July 3, 2014.
ADDRESSES: You may submit comments,
identified by RIN 3038–AD99 for the
Position Limits Proposal or RIN 3038–
AD82 for the Aggregation Proposal, by
any of the following methods:
• Agency Web site: https://
comments.cftc.gov;
• Mail: Secretary of the Commission,
Commodity Futures Trading
Commission, Three Lafayette Centre,
1155 21st Street NW., Washington, DC
20581;
• Hand delivery/courier: Same as
mail, above; or
• Federal eRulemaking Portal: https://
www.regulations.gov. Follow
instructions for submitting comments.
Please submit your comments using
only one method. All comments must be
submitted in English, or if not,
accompanied by an English translation.
Comments will be posted as received to
https://www.cftc.gov. You should submit
only information that you wish to make
available publicly. If you wish the
PO 00000
Frm 00015
Fmt 4702
Sfmt 4702
Commission to consider information
that may be exempt from disclosure
under the Freedom of Information Act,
a petition for confidential treatment of
the exempt information may be
submitted under § 145.9 of the
Commission’s regulations (17 CFR
145.9).
The Commission reserves the right,
but shall have no obligation, to review,
pre-screen, filter, redact, refuse or
remove any or all of your submission
from https://www.cftc.gov that it may
deem to be inappropriate for
publication, such as obscene language.
All submissions that have been redacted
or removed that contain comments on
the merits of the rulemaking will be
retained in the public comment file and
will be considered as required under the
Administrative Procedure Act and other
applicable laws, and may be accessible
under the Freedom of Information Act.
FOR FURTHER INFORMATION CONTACT:
Stephen Sherrod, Senior Economist,
Division of Market Oversight, (202) 418–
5452, ssherrod@cftc.gov; or Riva Spear
Adriance, Senior Special Counsel,
Division of Market Oversight, (202) 418–
5494, radriance@cftc.gov; Commodity
Futures Trading Commission, Three
Lafayette Centre, 1155 21st Street NW.,
Washington, DC 20581.
SUPPLEMENTARY INFORMATION:
I. Background
The Commission has long established
and enforced speculative position limits
for futures and options contracts on
various agricultural commodities as
authorized by the Commodity Exchange
Act (‘‘CEA’’).1 The part 150 position
limits regime 2 generally includes three
components: (1) the level of the limits,
which set a threshold that restricts the
number of speculative positions that a
person may hold in the spot-month,
individual month, and all months
combined,3 (2) exemptions for positions
that constitute bona fide hedging
transactions and certain other types of
transactions,4 and (3) rules to determine
which accounts and positions a person
must aggregate for the purpose of
determining compliance with the
position limit levels.5 The Position
Limits Proposal generally sets out
proposed changes to the first and
second component of the position limits
regime and would establish speculative
17
U.S.C. 1 et seq.
17 CFR part 150. Part 150 of the
Commission’s regulations establishes federal
position limits on futures and option contracts in
nine enumerated agricultural commodities.
3 See 17 CFR 150.2.
4 See 17 CFR 150.3.
5 See 17 CFR 150.4.
2 See
E:\FR\FM\29MYP1.SGM
29MYP1
Federal Register / Vol. 79, No. 103 / Thursday, May 29, 2014 / Proposed Rules
Issued in Washington, DC, on May 22,
2014, by the Commission.
Christopher J. Kirkpatrick,
Deputy Secretary of the Commission.
II. Reopening of Comment Period
emcdonald on DSK67QTVN1PROD with PROPOSALS
position limits for 28 exempt and
agricultural commodity futures and
option contracts, and physical
commodity swaps that are
‘‘economically equivalent’’ to such
contracts (as such term is used in CEA
section 4a(a)(5)).6 The Aggregation
Proposal generally sets out proposed
changes to the third component of the
position limits regime.7
In order to provide interested parties
with an opportunity to comment on the
Aggregation Proposal during the
comment period on the Position Limits
Proposal, the Commission extended the
comment period for the Aggregation
Proposal to February 10, 2014, the same
end date as the comment period for the
Position Limits Proposal.8
Comment letters received on the
Position Limits Proposal are available at
https://comments.cftc.gov/
PublicComments/
CommentList.aspx?id=1436. Comment
letters received on the Aggregation
Proposal are available at https://
comments.cftc.gov/PublicComments/
CommentList.aspx?id=1427.
Proposed Rules on Food Labeling:
Revision of the Nutrition and
Supplement Facts Labels and Serving
Sizes of Foods That Can Reasonably
Be Consumed at One-Eating Occasion;
Dual-Column Labeling; Updating,
Modifying, and Establishing Certain
Reference Amounts Customarily
Consumed; Serving Size for Breath
Mints; and Technical Amendments;
Public Meeting
Subsequent to publication of the
Position Limits Proposal and the
Aggregation Proposal, the Commission
directed staff to schedule a June 19,
2014, public roundtable to consider
certain issues regarding position limits
for physical commodity derivatives. The
roundtable will focus on hedges of a
physical commodity by a commercial
enterprise, including gross hedging,
cross-commodity hedging, anticipatory
hedging, and the process for obtaining a
non-enumerated exemption. Discussion
will include the setting of spot month
limits in physical-delivery and cashsettled contracts and a conditional spotmonth limit exemption. Further, the
roundtable will include discussion of:
the aggregation exemption for certain
ownership interests of greater than 50
percent in an owned entity; and
aggregation based on substantially
identical trading strategies. As well, the
Commission invites comment on
whether to provide parity for wheat
contracts in non-spot month limits.
In light of the roundtable, the
Commission is reopening the comment
periods for the Position Limit Proposal
and the Aggregation Proposal. Thus,
both comment periods will reopen on
June 12, 2014, and end on July 3, 2014.
6 See Position Limits for Derivatives, 78 FR 75680
(Dec. 12, 2013).
7 See Aggregation of Positions, 78 FR 68946 (Nov.
15, 2013).
8 See 79 FR 2394 (Jan. 14, 2014).
VerDate Mar<15>2010
17:33 May 28, 2014
Jkt 232001
Note: The following appendix will not
appear in the Code of Federal Regulations.
Appendix to Position Limits for
Derivatives and Aggregation of
Positions Reopening of Comment
Periods—Commission Voting Summary
On this matter, Acting Chairman Wetjen
and Commissioner O’Malia voted in the
affirmative. No Commissioner voted in the
negative.
[FR Doc. 2014–12427 Filed 5–28–14; 8:45 am]
BILLING CODE 6351–01–P
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Food and Drug Administration
21 CFR Part 101
[Docket Nos. FDA–2012–N–1210 and FDA–
2004–N–0258]
AGENCY:
Food and Drug Administration,
HHS.
ACTION:
Notification of public meeting.
The Food and Drug
Administration (FDA or we) is
announcing a public meeting to discuss
two proposed rules aimed at updating
nutrition information and serving size
requirements on the nutrition facts
labels to provide consumers with
information that could be used to
maintain healthy dietary practices. The
purpose of the public meeting is to
inform the public of the provisions of
the proposed rules and the rulemaking
process (including how to submit
comments, data, and other information
to both dockets) as well as solicit oral
stakeholder and public comments on
the proposed rules and to respond to
questions about the proposed rules.
DATES: See ‘‘How to Participate in the
Public Meeting’’ in the SUPPLEMENTARY
INFORMATION section of this document
for dates and times of the public
meeting, closing dates for advance
registration, requesting special
SUMMARY:
PO 00000
Frm 00016
Fmt 4702
Sfmt 4702
30763
accommodations due to disability, and
information on deadlines for submitting
either electronic or written comments to
FDA’s Division of Dockets Management.
ADDRESSES: See ‘‘How to Participate in
the Public Meeting’’ in the
SUPPLEMENTARY INFORMATION section of
this document.
FOR FURTHER INFORMATION CONTACT:
For questions about registering for this
meeting, registering to make oral
comments, to register by phone, or to
submit a notice of participation by mail,
fax, or email: Cindy de Sales, The Event
Planning Group, LLC, 7910 Woodmont
Ave., Suite 310, Bethesda, MD 20814,
240–316–3207, FAX: 240–316–3201,
email: cindy@tepgevents.com.
For general questions about this
meeting or for special accommodations
due to disability, contact: Juanita Yates,
Center for Food Safety and Applied
Nutrition (HFS–005), Food and Drug
Administration, 5100 Paint Branch
Pkwy., College Park, MD 20740, 240–
402–1731, email: Juanita.yates@
fda.hhs.gov.
SUPPLEMENTARY INFORMATION:
I. Background
A. Nutrition Facts Label Proposed Rule
After the passage of the Nutrition
Labeling and Education Act of 1990
(NLEA) (Pub. L. 101–535), which added
section 403(q) of the Federal Food,
Drug, and Cosmetic Act (the FD&C Act)
(21 U.S.C. 343(q), we issued various
regulations related to nutrition
information on food labels, including
regulations requiring the declaration of
certain nutrients, regulations specifying
the format for nutrition labeling,
regulations setting reference values for
use in declaring nutrient content for
certain nutrients, and regulations
exempting certain products from
nutrition labeling (see 21 CFR 101.9). In
addition, after the passage of the Dietary
Supplement Health and Education Act
of 1994 (Pub. L. 103–417), we amended
our food labeling regulations to
establish requirements for the nutrition
labeling of dietary supplements
(§ 101.9(j)(6) and 21 CFR 101.36).
Section 403(q) of the FD&C Act specifies
certain nutrients to be declared in
nutrition labeling, and authorizes the
Secretary of Health and Human Services
to require other nutrients to be declared
if the Secretary determines that a
nutrient will provide information
regarding the nutritional value of such
food that will assist consumers in
maintaining healthy dietary practices.
The Secretary also has discretion under
section 403(q) of the FD&C Act to
remove, by regulation and under certain
E:\FR\FM\29MYP1.SGM
29MYP1
Agencies
[Federal Register Volume 79, Number 103 (Thursday, May 29, 2014)]
[Proposed Rules]
[Pages 30762-30763]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-12427]
=======================================================================
-----------------------------------------------------------------------
COMMODITY FUTURES TRADING COMMISSION
17 CFR Parts 1, 15, 17, 19, 32, 37, 38, 140, and 150
RIN 3038-AD99; 3038-AD82
Position Limits for Derivatives and Aggregation of Positions
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice of proposed rulemaking; reopening of comment periods.
-----------------------------------------------------------------------
SUMMARY: On December 12, 2013, the Commodity Futures Trading Commission
(``Commission'') published in the Federal Register a notice of proposed
rulemaking (the ``Position Limits Proposal'') to establish speculative
position limits for 28 exempt and agricultural commodity futures and
options contracts and the physical commodity swaps that are
economically equivalent to such contracts. On November 15, 2013, the
Commission published in the Federal Register a notice of proposed
rulemaking (the ``Aggregation Proposal'') to amend existing regulations
setting out the Commission's policy for aggregation under its position
limits regime. The Commission has directed staff to hold a public
roundtable on June 19, 2014, to consider certain issues regarding
position limits for physical commodity derivatives. In order to provide
interested parties with an opportunity to comment on the issues to be
discussed at the roundtable, the Commission will reopen the comment
periods for the Position Limits Proposal and the Aggregation Proposal
for a three-week period starting June 12, 2014 (one week before the
roundtable) and ending July 3, 2014 (two weeks following the
roundtable).
Comments should be limited to the issues of hedges of a physical
commodity by a commercial enterprise, including gross hedging, cross-
commodity hedging, anticipatory hedging, and the process for obtaining
a non-enumerated exemption; the setting of spot month limits in
physical-delivery and cash-settled contracts and a conditional spot-
month limit exemption; the setting of non-spot limits for wheat
contracts; the aggregation exemption for certain ownership interests of
greater than 50 percent in an owned entity; and aggregation based on
substantially identical trading strategies.
DATES: The comment periods for the Aggregation Proposal published
November 15, 2013, at 78 FR 68946, and for the Position Limits Proposal
published December 12, 2013, at 78 FR 75680, will reopen on June 12,
2014, and close on July 3, 2014.
ADDRESSES: You may submit comments, identified by RIN 3038-AD99 for the
Position Limits Proposal or RIN 3038-AD82 for the Aggregation Proposal,
by any of the following methods:
Agency Web site: https://comments.cftc.gov;
Mail: Secretary of the Commission, Commodity Futures
Trading Commission, Three Lafayette Centre, 1155 21st Street NW.,
Washington, DC 20581;
Hand delivery/courier: Same as mail, above; or
Federal eRulemaking Portal: https://www.regulations.gov.
Follow instructions for submitting comments.
Please submit your comments using only one method. All comments
must be submitted in English, or if not, accompanied by an English
translation. Comments will be posted as received to https://www.cftc.gov. You should submit only information that you wish to make
available publicly. If you wish the Commission to consider information
that may be exempt from disclosure under the Freedom of Information
Act, a petition for confidential treatment of the exempt information
may be submitted under Sec. 145.9 of the Commission's regulations (17
CFR 145.9).
The Commission reserves the right, but shall have no obligation, to
review, pre-screen, filter, redact, refuse or remove any or all of your
submission from https://www.cftc.gov that it may deem to be
inappropriate for publication, such as obscene language. All
submissions that have been redacted or removed that contain comments on
the merits of the rulemaking will be retained in the public comment
file and will be considered as required under the Administrative
Procedure Act and other applicable laws, and may be accessible under
the Freedom of Information Act.
FOR FURTHER INFORMATION CONTACT: Stephen Sherrod, Senior Economist,
Division of Market Oversight, (202) 418-5452, ssherrod@cftc.gov; or
Riva Spear Adriance, Senior Special Counsel, Division of Market
Oversight, (202) 418-5494, radriance@cftc.gov; Commodity Futures
Trading Commission, Three Lafayette Centre, 1155 21st Street NW.,
Washington, DC 20581.
SUPPLEMENTARY INFORMATION:
I. Background
The Commission has long established and enforced speculative
position limits for futures and options contracts on various
agricultural commodities as authorized by the Commodity Exchange Act
(``CEA'').\1\ The part 150 position limits regime \2\ generally
includes three components: (1) the level of the limits, which set a
threshold that restricts the number of speculative positions that a
person may hold in the spot-month, individual month, and all months
combined,\3\ (2) exemptions for positions that constitute bona fide
hedging transactions and certain other types of transactions,\4\ and
(3) rules to determine which accounts and positions a person must
aggregate for the purpose of determining compliance with the position
limit levels.\5\ The Position Limits Proposal generally sets out
proposed changes to the first and second component of the position
limits regime and would establish speculative
[[Page 30763]]
position limits for 28 exempt and agricultural commodity futures and
option contracts, and physical commodity swaps that are ``economically
equivalent'' to such contracts (as such term is used in CEA section
4a(a)(5)).\6\ The Aggregation Proposal generally sets out proposed
changes to the third component of the position limits regime.\7\
---------------------------------------------------------------------------
\1\ 7 U.S.C. 1 et seq.
\2\ See 17 CFR part 150. Part 150 of the Commission's
regulations establishes federal position limits on futures and
option contracts in nine enumerated agricultural commodities.
\3\ See 17 CFR 150.2.
\4\ See 17 CFR 150.3.
\5\ See 17 CFR 150.4.
\6\ See Position Limits for Derivatives, 78 FR 75680 (Dec. 12,
2013).
\7\ See Aggregation of Positions, 78 FR 68946 (Nov. 15, 2013).
---------------------------------------------------------------------------
In order to provide interested parties with an opportunity to
comment on the Aggregation Proposal during the comment period on the
Position Limits Proposal, the Commission extended the comment period
for the Aggregation Proposal to February 10, 2014, the same end date as
the comment period for the Position Limits Proposal.\8\
---------------------------------------------------------------------------
\8\ See 79 FR 2394 (Jan. 14, 2014).
---------------------------------------------------------------------------
Comment letters received on the Position Limits Proposal are
available at https://comments.cftc.gov/PublicComments/CommentList.aspx?id=1436. Comment letters received on the Aggregation
Proposal are available at https://comments.cftc.gov/PublicComments/CommentList.aspx?id=1427.
II. Reopening of Comment Period
Subsequent to publication of the Position Limits Proposal and the
Aggregation Proposal, the Commission directed staff to schedule a June
19, 2014, public roundtable to consider certain issues regarding
position limits for physical commodity derivatives. The roundtable will
focus on hedges of a physical commodity by a commercial enterprise,
including gross hedging, cross-commodity hedging, anticipatory hedging,
and the process for obtaining a non-enumerated exemption. Discussion
will include the setting of spot month limits in physical-delivery and
cash-settled contracts and a conditional spot-month limit exemption.
Further, the roundtable will include discussion of: the aggregation
exemption for certain ownership interests of greater than 50 percent in
an owned entity; and aggregation based on substantially identical
trading strategies. As well, the Commission invites comment on whether
to provide parity for wheat contracts in non-spot month limits.
In light of the roundtable, the Commission is reopening the comment
periods for the Position Limit Proposal and the Aggregation Proposal.
Thus, both comment periods will reopen on June 12, 2014, and end on
July 3, 2014.
Issued in Washington, DC, on May 22, 2014, by the Commission.
Christopher J. Kirkpatrick,
Deputy Secretary of the Commission.
Note: The following appendix will not appear in the Code of
Federal Regulations.
Appendix to Position Limits for Derivatives and Aggregation of
Positions Reopening of Comment Periods--Commission Voting Summary
On this matter, Acting Chairman Wetjen and Commissioner O'Malia
voted in the affirmative. No Commissioner voted in the negative.
[FR Doc. 2014-12427 Filed 5-28-14; 8:45 am]
BILLING CODE 6351-01-P