Swap Dealer and Major Swap Participant Recordkeeping, Reporting, and Duties Rules; Futures Commission Merchant and Introducing Broker Conflicts of Interest Rules; and Chief Compliance Officer Rules for Swap Dealers, Major Swap Participants, and Futures Commission Merchants; Correction, 41126 [2014-16583]
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41126
Federal Register / Vol. 79, No. 135 / Tuesday, July 15, 2014 / Rules and Regulations
Airspace
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Flight visibility
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Distance from clouds
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Class G.
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For helicopters:
Day ...................................................................................
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■ 2. On page 9975, in the third column,
in § 135.609, revise paragraph (a)
introductory text to read as follows:
(a) Unless otherwise specified in the
certificate holder’s operations
specifications, when conducting VFR
helicopter air ambulance operations in
Class G airspace, the weather minimums
in the following table apply:
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■ 3. On page 9978, in the third column,
in § 135.621, revise paragraph (b) to read
as follows:
Briefing of medical personnel.
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(b) The briefing required in
paragraphs (a)(2) through (9) of this
section may be omitted if all medical
personnel on board have satisfactorily
completed the certificate holder’s FAAapproved medical personnel training
program within the preceding 24
calendar months. Each training program
must include a minimum of 4 hours of
ground training, and 4 hours of training
in and around an air ambulance
helicopter, on the topics set forth in
paragraph (a)(2) through (9) of this
section.
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Issued under authority of 49 U.S.C. 106(f),
44701(a), and 44730 in Washington, DC, on
July 9, 2014.
Brenda D. Courtney,
Acting Director, Office of Rulemaking.
[FR Doc. 2014–16523 Filed 7–14–14; 8:45 am]
wreier-aviles on DSK5TPTVN1PROD with RULES
BILLING CODE 4910–13–P
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COMMODITY FUTURES TRADING
COMMISSION
17 CFR Part 23
Jkt 232001
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List of Subjects in 17 CFR Part 23
Antitrust, Commodity futures,
Conduct standards, Conflict of interests,
Major swap participants, Reporting and
recordkeeping, Swap dealers, Swaps.
Accordingly, 17 CFR part 23 is
corrected by making the following
correcting amendment:
AGENCY:
Commodity Futures Trading
Commission.
ACTION: Correcting amendments.
Authority: 7 U.S.C. 1a, 2, 6, 6a, 6b, 6b–1,
6c, 6p, 6r, 6s, 6t, 9, 9a, 12, 12a, 13b, 13c, 16a,
18, 19, 21.
This document contains
corrections to final regulations, which
were published in the Federal Register
of Tuesday, April 3, 2012. The
regulations are related to the risk
management programs of swap dealers
and major swap participants.
DATES: Effective July 15, 2014.
FOR FURTHER INFORMATION CONTACT:
Frank Fisanich, Chief Counsel, 202–
418–5949, ffisanich@cftc.gov, or Gregory
Scopino, Special Counsel, 202–418–
5175, gscopino@cftc.gov, Division of
Swap Dealer and Intermediary
Oversight, Commodity Futures Trading
Commission, Three Lafayette Centre,
1155 21st Street NW., Washington, DC
20581.
SUPPLEMENTARY INFORMATION:
■
SUMMARY:
Background
The final regulations that are the
subject of these corrections imposed
certain requirements on swap dealers
and major swap participants regarding
risk management programs. The final
regulations were promulgated pursuant
to sections 4s(h)(1)(D), 4s(h)(3)(D), 4s(j),
and 8a(5) of the Commodity Exchange
Act, 7 U.S.C. 4s(h)(1)(D), 4s(h)(3)(D),
4s(j), and 8a(5).
As published, the final regulations
contain errors which may prove to be
misleading and need to be clarified.
15:12 Jul 14, 2014
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Swap Dealer and Major Swap
Participant Recordkeeping, Reporting,
and Duties Rules; Futures Commission
Merchant and Introducing Broker
Conflicts of Interest Rules; and Chief
Compliance Officer Rules for Swap
Dealers, Major Swap Participants, and
Futures Commission Merchants;
Correction
Need for Correction
VerDate Mar<15>2010
Clear of clouds
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RIN 3038–AC96
§ 135.609 VFR ceiling and visibility
requirements for Class G airspace.
§ 135.621
⁄ statute mile ...........................................
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PO 00000
Frm 00042
Fmt 4700
Sfmt 9990
PART 23—SWAP DEALERS AND
MAJOR SWAP PARTICIPANTS
1. The authority citation for part 23
continues to read as follows:
■
2. In § 23.600, revise paragraph (e)(2)
to read as follows:
§ 23.600 Risk Management Program for
swap dealers and major swap participants.
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(e) * * *
(2) The annual reviews of the Risk
Management Program shall include an
analysis of adherence to, and the
effectiveness of, the risk management
policies and procedures, and any
recommendations for modifications to
the Risk Management Program. The
annual testing shall be performed by
qualified internal audit staff that are
independent of the business trading unit
being audited or by a qualified third
party audit service reporting to staff that
are independent of the business trading
unit. The results of the annual review of
the Risk Management Program shall be
promptly reported to, and reviewed by,
the chief compliance officer, senior
management, and governing body of the
swap dealer or major swap participant.
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*
Issued in Washington, DC, on July 10,
2014, by the Commission.
Christopher J. Kirkpatrick,
Acting Secretary of the Commission.
[FR Doc. 2014–16583 Filed 7–14–14; 8:45 am]
BILLING CODE 6351–01–P
E:\FR\FM\15JYR1.SGM
15JYR1
]]>Agencies
[Federal Register Volume 79, Number 135 (Tuesday, July 15, 2014)]
[Rules and Regulations]
[Page 41126]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-16583]
=======================================================================
-----------------------------------------------------------------------
COMMODITY FUTURES TRADING COMMISSION
17 CFR Part 23
RIN 3038-AC96
Swap Dealer and Major Swap Participant Recordkeeping, Reporting,
and Duties Rules; Futures Commission Merchant and Introducing Broker
Conflicts of Interest Rules; and Chief Compliance Officer Rules for
Swap Dealers, Major Swap Participants, and Futures Commission
Merchants; Correction
AGENCY: Commodity Futures Trading Commission.
ACTION: Correcting amendments.
-----------------------------------------------------------------------
SUMMARY: This document contains corrections to final regulations, which
were published in the Federal Register of Tuesday, April 3, 2012. The
regulations are related to the risk management programs of swap dealers
and major swap participants.
DATES: Effective July 15, 2014.
FOR FURTHER INFORMATION CONTACT: Frank Fisanich, Chief Counsel, 202-
418-5949, ffisanich@cftc.gov, or Gregory Scopino, Special Counsel, 202-
418-5175, gscopino@cftc.gov, Division of Swap Dealer and Intermediary
Oversight, Commodity Futures Trading Commission, Three Lafayette
Centre, 1155 21st Street NW., Washington, DC 20581.
SUPPLEMENTARY INFORMATION:
Background
The final regulations that are the subject of these corrections
imposed certain requirements on swap dealers and major swap
participants regarding risk management programs. The final regulations
were promulgated pursuant to sections 4s(h)(1)(D), 4s(h)(3)(D), 4s(j),
and 8a(5) of the Commodity Exchange Act, 7 U.S.C. 4s(h)(1)(D),
4s(h)(3)(D), 4s(j), and 8a(5).
Need for Correction
As published, the final regulations contain errors which may prove
to be misleading and need to be clarified.
List of Subjects in 17 CFR Part 23
Antitrust, Commodity futures, Conduct standards, Conflict of
interests, Major swap participants, Reporting and recordkeeping, Swap
dealers, Swaps.
Accordingly, 17 CFR part 23 is corrected by making the following
correcting amendment:
PART 23--SWAP DEALERS AND MAJOR SWAP PARTICIPANTS
0
1. The authority citation for part 23 continues to read as follows:
Authority: 7 U.S.C. 1a, 2, 6, 6a, 6b, 6b-1, 6c, 6p, 6r, 6s, 6t,
9, 9a, 12, 12a, 13b, 13c, 16a, 18, 19, 21.
0
2. In Sec. 23.600, revise paragraph (e)(2) to read as follows:
Sec. 23.600 Risk Management Program for swap dealers and major swap
participants.
* * * * *
(e) * * *
(2) The annual reviews of the Risk Management Program shall include
an analysis of adherence to, and the effectiveness of, the risk
management policies and procedures, and any recommendations for
modifications to the Risk Management Program. The annual testing shall
be performed by qualified internal audit staff that are independent of
the business trading unit being audited or by a qualified third party
audit service reporting to staff that are independent of the business
trading unit. The results of the annual review of the Risk Management
Program shall be promptly reported to, and reviewed by, the chief
compliance officer, senior management, and governing body of the swap
dealer or major swap participant.
* * * * *
Issued in Washington, DC, on July 10, 2014, by the Commission.
Christopher J. Kirkpatrick,
Acting Secretary of the Commission.
[FR Doc. 2014-16583 Filed 7-14-14; 8:45 am]
BILLING CODE 6351-01-P
