Notice of Hearing on Proposed Individual Exemption Involving Credit Suisse AG (Hereinafter, Either Credit Suisse AG or the Applicant), 68711-68712 [2014-27174]

Download as PDF Federal Register / Vol. 79, No. 222 / Tuesday, November 18, 2014 / Notices This ICR seeks approval under the PRA for revisions to the Certificate of Medical Necessity, Form CM–893, information collection that a coal miner’s physician completes and the OWCP uses to determine whether the miner meets impairment standards to qualify for durable medical equipment, home nursing, and/or pulmonary rehabilitation. This information collection has been classified as a revision, because of minor changes to the form designed to help a medical provider better understand the information needed to be provided. An accommodation statement has also been added to the form to inform a respondent who has a mental or physical limitation to contact the OWCP if further assistance is needed in completing the claims process. The Black Lung Benefits Act authorizes this information collection. See 30 U.S.C. 901. This information collection is subject to the PRA. A Federal agency generally cannot conduct or sponsor a collection of information, and the public is generally not required to respond to an information collection, unless it is approved by the OMB under the PRA and displays a currently valid OMB Control Number. In addition, notwithstanding any other provisions of law, no person shall generally be subject to penalty for failing to comply with a collection of information that does not display a valid Control Number. See 5 CFR 1320.5(a) and 1320.6. The DOL obtains OMB approval for this information collection under Control Number 1240–0024. The current approval is scheduled to expire on December 31, 2014; however, the DOL notes that existing information collection requirements submitted to the OMB receive a month-to-month extension while they undergo review. New requirements would only take effect upon OMB approval. For additional substantive information about this ICR, see the related notice published in the Federal Register on August 7, 2014 (79 FR 46280). Interested parties are encouraged to send comments to the OMB, Office of Information and Regulatory Affairs at the address shown in the ADDRESSES section within thirty (30) days of publication of this notice in the Federal Register. In order to help ensure appropriate consideration, comments should mention OMB Control Number 1240–0024. The OMB is particularly interested in comments that: • Evaluate whether the proposed collection of information is necessary for the proper performance of the tkelley on DSK3SPTVN1PROD with NOTICES SUPPLEMENTARY INFORMATION: VerDate Sep<11>2014 17:27 Nov 17, 2014 Jkt 235001 functions of the agency, including whether the information will have practical utility; • Evaluate the accuracy of the agency’s estimate of the burden of the proposed collection of information, including the validity of the methodology and assumptions used; • Enhance the quality, utility, and clarity of the information to be collected; and • Minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology, e.g., permitting electronic submission of responses. Agency: DOL–OWCP. Title of Collection: Certificate of Medical Necessity. OMB Control Number: 1240–0024. Affected Public: Individuals or Households. Total Estimated Number of Respondents: 2,500. Total Estimated Number of Responses: 2,500. Total Estimated Annual Time Burden: 965 hours. Total Estimated Annual Other Costs Burden: $1,460. Dated: November 12, 2014. Michel Smyth, Departmental Clearance Officer. [FR Doc. 2014–27262 Filed 11–17–14; 8:45 am] BILLING CODE 4510–CK–P DEPARTMENT OF LABOR Employee Benefits Security Administration [Application No. D–11819] Notice of Hearing on Proposed Individual Exemption Involving Credit Suisse AG (Hereinafter, Either Credit Suisse AG or the Applicant) Employee Benefits Security Administration, U.S. Department of Labor. ACTION: Notice of Hearing. AGENCY: Notice is hereby given that the Department of Labor (the Department) will hold a hearing on January 15, 2015, relating to a proposed individual exemption from certain prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974, as amended (ERISA), and the Internal Revenue Code of 1986, as amended (the Code) that, if granted, would affect the ability of certain SUMMARY: PO 00000 Frm 00052 Fmt 4703 Sfmt 4703 68711 entities related to Credit Suisse AG to continue to rely upon the relief provided by Prohibited Transaction Class Exemption (PTE) 84–14. A notice of pendency of the proposed exemption was published in the Federal Register at 79 FR 52365 (September 3, 2014). DATES: The hearing will be held on January 15, 2015, beginning at 10:00 a.m., EST. ADDRESSES: The hearing will be held at the U.S. Department of Labor, 200 Constitution Avenue NW., Washington, DC 20210, in Room C5320. FOR FURTHER INFORMATION CONTACT: Erin S. Hesse, Office of Exemption Determinations, Employee Benefits Security Administration, U.S. Department of Labor, telephone (202) 693–8546 (this is not a toll-free number). On September 3, 2014, the Department published in the Federal Register, at 79 FR 52365, a notice of pendency of a proposed individual exemption that, if granted, would permit: Certain affiliates of Credit Suisse AG (the Credit Suisse Affiliated Entities); and certain entities in which Credit Suisse AG owns a 5% or more interest (the Credit Suisse Related Entities), to continue to rely on the relief provided by Prohibited Transaction Class Exemption (PTE) 84– 14,1 notwithstanding a judgment of conviction against Credit Suisse AG for one count of conspiracy to violate section 7206(2) of the Internal Revenue Code in violation of Title 18, United States Code, Section 371, to be entered in the District Court for the Eastern District of Virginia in Case Number 1:14–cr–188–RBS. In that notice, the Department invited interested persons to submit written comments and any requests for a public hearing on the proposed exemption. In response to the notice, the Department received several comments that expressed concern about the merits of the proposed exemption, including: whether the proposed exemption was in the interest of employee benefit plans and their participants and beneficiaries; and whether the safeguards in the proposed exemption are adequate to protect the rights of participants and beneficiaries of such employee benefit plans. The submissions received by the Department are available for public inspection in the Public Disclosure Room of the Employee Benefits Security Administration, U.S. Department of SUPPLEMENTARY INFORMATION: 1 49 FR 9494 (March 13, 1984), as corrected at 50 FR 41430 (October 10, 1985), as amended at 70 FR 49305 (August 23, 2005), and as amended at 75 FR 38837 (July 6, 2010). E:\FR\FM\18NON1.SGM 18NON1 tkelley on DSK3SPTVN1PROD with NOTICES 68712 Federal Register / Vol. 79, No. 222 / Tuesday, November 18, 2014 / Notices Labor, Room N–1515, 200 Constitution Avenue NW., Washington, DC 20210. After considering the comments, the Department has decided to hold a hearing regarding whether the Credit Suisse Affiliated Entities and the Credit Suisse Related Entities may prospectively rely on PTE 84–14 on a permanent, conditional basis. The hearing will be held on January 15, 2015, beginning at 10:00 a.m., EST, in Room C5320 at the Department of Labor, 200 Constitution Avenue NW., Washington, DC 20210. Any interested person who wishes to be assured of an opportunity to present oral comments at the hearing should submit by December 29, 2014: (1) A written request to be heard; and (2) Five copies of an outline of the topics to be discussed. The topics to be discussed should address the effect that the proposed exemption, if granted, will have on employee benefit plans; including whether the proposed exemption is in the interest of plans and of their participants and beneficiaries, and whether the safeguards in the proposed exemption are adequate to protect the rights of participants and beneficiaries of such plans. Presenters at the hearing should be aware that the Department is particularly interested in factual evidence that will enable the Department to determine whether the proposed exemption is in the interest of, and protective of, employee benefit plans and IRAs. The request to be heard and accompanying outline should be sent to: Office of Exemption Determinations, Room N–5700, Employee Benefits Security Administration, U.S. Department of Labor, 200 Constitution Avenue NW., Washington, DC 20210, ‘‘Attention: Application No. D–11819, Credit Suisse AG Exemption Hearing.’’ Copies of your mailed submission may also be sent by electronic mail to moffitt.betty@dol.gov or by FAX to (202) 219–0204 by the end of the scheduled submission period. The notice of hearing, the proposed exemption, and any submissions received in respect of either will be available for public inspection in the Public Documents Room of the Employee Benefits Security Administration, U.S. Department of Labor, Room N–1515, 200 Constitution Avenue NW., Washington, DC 20210. Comments, hearing requests, and other submissions will also be available online at www.regulations.gov, at no charge. Warning: If you submit a written request to be heard, do not include any personally identifiable information (such as name, address, or other contact VerDate Sep<11>2014 17:27 Nov 17, 2014 Jkt 235001 information) or confidential business information that you do not want publicly disclosed. All hearing requests may be posted on the Internet and can be retrieved by most Internet search engines. The Department will prepare an agenda indicating the order of presentation of oral comments. The Department reserves the right to restrict the agenda to those commenters whose outlines contain information that is within the scope of the topics to be discussed at the hearing. In the absence of special circumstances, each commenter will be allotted ten minutes in which to complete his or her presentation. Information about the agenda may be obtained on or after January 8, 2015, by contacting Mr. Erin Hesse, Office of Exemption Determinations, Employee Benefits Security Administration, U.S. Department of Labor, telephone (202) 693–8546 (this is not a toll-free phone number). Those individuals who make oral comments at the hearing should be prepared to answer questions regarding their comments. The hearing will be transcribed. Notice to Interested Persons Within fifteen (15) calendar days of publication of the Notice of Public Hearing (the Notice) in the Federal Register, Credit Suisse AG shall provide notice to all interested persons in the manner agreed upon by the Applicant and the Department. Such notification will contain a copy of this Notice, as published in the Federal Register, and a copy of the notice of proposed exemption for Credit Suisse AG, as published in the Federal Register at 79 FR 52365 on September 3, 2014. Notice of Public Hearing Notice is hereby given that a public hearing will be held on January 15, 2015, regarding a proposed exemption from certain prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974, as amended, and from certain taxes imposed by the Internal Revenue Code of 1986, as amended, for transactions involving certain affiliates of Credit Suisse AG and entities in which Credit Suisse AG owns a 5% or more interest but which are not themselves affiliates. The hearing will be held, beginning at 10:00 a.m., EST, in Room C–5320 at the Department of Labor, 200 Constitution Avenue NW., Washington, DC 20210. PO 00000 Frm 00053 Fmt 4703 Sfmt 4703 Signed at Washington, DC, this 12th day of November, 2014. Lyssa Hall, Director of Exemption Determinations, Employee Benefits Security Administration, U.S. Department of Labor. [FR Doc. 2014–27174 Filed 11–17–14; 8:45 am] BILLING CODE 4510–29–P DEPARTMENT OF LABOR Employee Benefits Security Administration [Application No. D–11837] Notice of Proposed Exemption Involving Credit Suisse AG Located in Zurich, Switzerland Employee Benefits Security Administration, U.S. Department of Labor. ACTION: Notice of Proposed Exemption. AGENCY: This document contains a notice of pendency before the Department of Labor (the Department) of a proposed exemption from certain prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974, as amended (ERISA or the Act), and the Internal Revenue Code of 1986, as amended (the Code). This proposed exemption was developed by the Department on its own motion. If granted, the proposed exemption would increase, from one year to ten years, the period during which certain entities with specified relationships to Credit Suisse AG (hereinafter, Credit Suisse Affiliated QPAMs and Credit Suisse Related QPAMs) may rely on prohibited transaction class exemption (PTE) 84– 14. Effective Date: If granted, this proposed exemption will be effective for the period of time starting on the date a final exemption, if any, is published in the Federal Exemption, and ending on the date that is ten years following the date a judgment of conviction against Credit Suisse AG for one count of conspiracy to violate section 7206(2) of the Internal Revenue Code in violation of Title 18, United States Code, Section 371 (the Conviction) is entered in the District Court for the Eastern District of Virginia in Case Number 1:14–cr–188–RBS. DATES: Written comments and requests for a public hearing on the proposed exemption should be submitted to the Department within 45 days from the date of publication of this Federal Register Notice. ADDRESSES: Comments and requests for a hearing should state: (1) The name, address, telephone number, and email SUMMARY: E:\FR\FM\18NON1.SGM 18NON1

Agencies

[Federal Register Volume 79, Number 222 (Tuesday, November 18, 2014)]
[Notices]
[Pages 68711-68712]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-27174]


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DEPARTMENT OF LABOR

Employee Benefits Security Administration

[Application No. D-11819]


Notice of Hearing on Proposed Individual Exemption Involving 
Credit Suisse AG (Hereinafter, Either Credit Suisse AG or the 
Applicant)

AGENCY: Employee Benefits Security Administration, U.S. Department of 
Labor.

ACTION: Notice of Hearing.

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

SUMMARY: Notice is hereby given that the Department of Labor (the 
Department) will hold a hearing on January 15, 2015, relating to a 
proposed individual exemption from certain prohibited transaction 
restrictions of the Employee Retirement Income Security Act of 1974, as 
amended (ERISA), and the Internal Revenue Code of 1986, as amended (the 
Code) that, if granted, would affect the ability of certain entities 
related to Credit Suisse AG to continue to rely upon the relief 
provided by Prohibited Transaction Class Exemption (PTE) 84-14. A 
notice of pendency of the proposed exemption was published in the 
Federal Register at 79 FR 52365 (September 3, 2014).

DATES: The hearing will be held on January 15, 2015, beginning at 10:00 
a.m., EST.

ADDRESSES: The hearing will be held at the U.S. Department of Labor, 
200 Constitution Avenue NW., Washington, DC 20210, in Room C5320.

FOR FURTHER INFORMATION CONTACT: Erin S. Hesse, Office of Exemption 
Determinations, Employee Benefits Security Administration, U.S. 
Department of Labor, telephone (202) 693-8546 (this is not a toll-free 
number).

SUPPLEMENTARY INFORMATION: On September 3, 2014, the Department 
published in the Federal Register, at 79 FR 52365, a notice of pendency 
of a proposed individual exemption that, if granted, would permit: 
Certain affiliates of Credit Suisse AG (the Credit Suisse Affiliated 
Entities); and certain entities in which Credit Suisse AG owns a 5% or 
more interest (the Credit Suisse Related Entities), to continue to rely 
on the relief provided by Prohibited Transaction Class Exemption (PTE) 
84-14,\1\ notwithstanding a judgment of conviction against Credit 
Suisse AG for one count of conspiracy to violate section 7206(2) of the 
Internal Revenue Code in violation of Title 18, United States Code, 
Section 371, to be entered in the District Court for the Eastern 
District of Virginia in Case Number 1:14-cr-188-RBS. In that notice, 
the Department invited interested persons to submit written comments 
and any requests for a public hearing on the proposed exemption.
---------------------------------------------------------------------------

    \1\ 49 FR 9494 (March 13, 1984), as corrected at 50 FR 41430 
(October 10, 1985), as amended at 70 FR 49305 (August 23, 2005), and 
as amended at 75 FR 38837 (July 6, 2010).
---------------------------------------------------------------------------

    In response to the notice, the Department received several comments 
that expressed concern about the merits of the proposed exemption, 
including: whether the proposed exemption was in the interest of 
employee benefit plans and their participants and beneficiaries; and 
whether the safeguards in the proposed exemption are adequate to 
protect the rights of participants and beneficiaries of such employee 
benefit plans. The submissions received by the Department are available 
for public inspection in the Public Disclosure Room of the Employee 
Benefits Security Administration, U.S. Department of

[[Page 68712]]

Labor, Room N-1515, 200 Constitution Avenue NW., Washington, DC 20210.
    After considering the comments, the Department has decided to hold 
a hearing regarding whether the Credit Suisse Affiliated Entities and 
the Credit Suisse Related Entities may prospectively rely on PTE 84-14 
on a permanent, conditional basis. The hearing will be held on January 
15, 2015, beginning at 10:00 a.m., EST, in Room C5320 at the Department 
of Labor, 200 Constitution Avenue NW., Washington, DC 20210.
    Any interested person who wishes to be assured of an opportunity to 
present oral comments at the hearing should submit by December 29, 
2014: (1) A written request to be heard; and (2) Five copies of an 
outline of the topics to be discussed. The topics to be discussed 
should address the effect that the proposed exemption, if granted, will 
have on employee benefit plans; including whether the proposed 
exemption is in the interest of plans and of their participants and 
beneficiaries, and whether the safeguards in the proposed exemption are 
adequate to protect the rights of participants and beneficiaries of 
such plans.
    Presenters at the hearing should be aware that the Department is 
particularly interested in factual evidence that will enable the 
Department to determine whether the proposed exemption is in the 
interest of, and protective of, employee benefit plans and IRAs.
    The request to be heard and accompanying outline should be sent to: 
Office of Exemption Determinations, Room N-5700, Employee Benefits 
Security Administration, U.S. Department of Labor, 200 Constitution 
Avenue NW., Washington, DC 20210, ``Attention: Application No. D-11819, 
Credit Suisse AG Exemption Hearing.'' Copies of your mailed submission 
may also be sent by electronic mail to moffitt.betty@dol.gov or by FAX 
to (202) 219-0204 by the end of the scheduled submission period. The 
notice of hearing, the proposed exemption, and any submissions received 
in respect of either will be available for public inspection in the 
Public Documents Room of the Employee Benefits Security Administration, 
U.S. Department of Labor, Room N-1515, 200 Constitution Avenue NW., 
Washington, DC 20210. Comments, hearing requests, and other submissions 
will also be available online at www.regulations.gov, at no charge.
    Warning: If you submit a written request to be heard, do not 
include any personally identifiable information (such as name, address, 
or other contact information) or confidential business information that 
you do not want publicly disclosed. All hearing requests may be posted 
on the Internet and can be retrieved by most Internet search engines.
    The Department will prepare an agenda indicating the order of 
presentation of oral comments. The Department reserves the right to 
restrict the agenda to those commenters whose outlines contain 
information that is within the scope of the topics to be discussed at 
the hearing. In the absence of special circumstances, each commenter 
will be allotted ten minutes in which to complete his or her 
presentation. Information about the agenda may be obtained on or after 
January 8, 2015, by contacting Mr. Erin Hesse, Office of Exemption 
Determinations, Employee Benefits Security Administration, U.S. 
Department of Labor, telephone (202) 693-8546 (this is not a toll-free 
phone number). Those individuals who make oral comments at the hearing 
should be prepared to answer questions regarding their comments. The 
hearing will be transcribed.

Notice to Interested Persons

    Within fifteen (15) calendar days of publication of the Notice of 
Public Hearing (the Notice) in the Federal Register, Credit Suisse AG 
shall provide notice to all interested persons in the manner agreed 
upon by the Applicant and the Department. Such notification will 
contain a copy of this Notice, as published in the Federal Register, 
and a copy of the notice of proposed exemption for Credit Suisse AG, as 
published in the Federal Register at 79 FR 52365 on September 3, 2014.

Notice of Public Hearing

    Notice is hereby given that a public hearing will be held on 
January 15, 2015, regarding a proposed exemption from certain 
prohibited transaction restrictions of the Employee Retirement Income 
Security Act of 1974, as amended, and from certain taxes imposed by the 
Internal Revenue Code of 1986, as amended, for transactions involving 
certain affiliates of Credit Suisse AG and entities in which Credit 
Suisse AG owns a 5% or more interest but which are not themselves 
affiliates.
    The hearing will be held, beginning at 10:00 a.m., EST, in Room C-
5320 at the Department of Labor, 200 Constitution Avenue NW., 
Washington, DC 20210.

    Signed at Washington, DC, this 12th day of November, 2014.
Lyssa Hall,
Director of Exemption Determinations, Employee Benefits Security 
Administration, U.S. Department of Labor.
[FR Doc. 2014-27174 Filed 11-17-14; 8:45 am]
BILLING CODE 4510-29-P