Notice of Extension of Comment Period on Proposed Individual Exemption involving Credit Suisse AG (hereinafter, Credit Suisse AG), 8689-8690 [2015-03014]

Download as PDF Federal Register / Vol. 80, No. 32 / Wednesday, February 18, 2015 / Notices will be made to the statements received, as they are public records. Individuals or representatives of organizations wishing to address the Advisory Council should forward their requests to the Executive Secretary or telephone (202) 693–8668. Oral presentations will be limited to ten minutes, time permitting, but an extended statement may be submitted for the record. Individuals with disabilities who need special accommodations, or others who need special accommodations, should contact the Executive Secretary by March 13. Signed at Washington, DC, this 6th day of February, 2015. Assistant Secretary, Employee Benefits Security Administration. [FR Doc. 2015–03282 Filed 2–17–15; 8:45 am] BILLING CODE 4510–29–P DEPARTMENT OF LABOR Employee Benefits Security Administration [Application No. D–11837] Notice of Extension of Comment Period on Proposed Individual Exemption involving Credit Suisse AG (hereinafter, Credit Suisse AG) Employee Benefits Security Administration, U.S. Department of Labor. ACTION: Notice of extension of comment period. AGENCY: Notice is hereby given that the Department of Labor (the Department) is extending the date by which comments may be submitted in connection with a proposed individual exemption published on November 18, 2014, at 79 FR 68712, involving ‘‘qualified professional asset managers’’ that are affiliated with, or related to, Credit Suisse AG. Comments on the proposed exemption may now be submitted to the Department on or before March 2, 2015. ADDRESSES: All written supplemental information should be directed to the Office of Exemption Determinations, Employee Benefits Security Administration, Room N–5700, U.S. Department of Labor, 200 Constitution Avenue NW., Washington, DC 20210, Attention: Application No. D–11837. Any such submission must be received on or before March 2, 2015. The application regarding the proposed exemption and the comments received (and prior hearing requests) will be available for public inspection in the Public Disclosure Room of the Employee Benefits Security emcdonald on DSK67QTVN1PROD with NOTICES SUMMARY: VerDate Sep<11>2014 19:32 Feb 17, 2015 Jkt 235001 Administration, U.S. Department of Labor, Room N–1515, 200 Constitution Avenue NW., Washington, DC 20210. Comments (and prior hearing requests) will also be made available online through http://www.regulations.gov and www.dol.gov/ebsa at no charge. 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 (the First Proposed Exemption) for certain affiliates of Credit Suisse AG and for certain other entities in which Credit Suisse AG owns a 5% or more interest 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 requests for a public hearing. Following publication of the First Proposed Exemption, and in connection therewith, the Department received several requests for a public hearing. To ensure that both: (1) Plans with assets managed by qualified professional asset managers that are affiliated with or related to Credit Suisse did not incur sudden losses to the extent such managers could no longer rely on the relief set forth in PTE 84–14 as of the scheduled date of the conviction (November 21, 2014); and (2) comments on the proposed exemption were properly heard and addressed; the Department issued, on November 18, 2014: (A) A final temporary conditional exemption regarding the First Proposed Exemption at 79 FR 68716; (B) a new proposed conditional exemption (the Second Proposed Exemption) at 79 FR 68712, that, if granted, would allow Credit Suisse AG affiliated and related QPAMs to rely on PTE 84–14 on a permanent basis; and (C) a notice 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). PO 00000 Frm 00101 Fmt 4703 Sfmt 4703 8689 hearing regarding the Second Proposed Exemption, at 79 FR 68711. A public hearing regarding the Second Proposed Exemption was subsequently held in Washington, DC, on January 15, 2015. At the hearing, the Department informed commenters that the record for the Second Proposed Exemption would be kept open until January 26, 2015. The Department now believes that commenters may need additional time to review the hearing transcript prior to supplementing the record for the Second Proposed Exemption. The transcript is now available online through http://www.regulations.gov and www.dol.gov/ebsa. The transcript is also available through the Public Disclosure Room of the Employee Benefits Security Administration, U.S. Department of Labor, Room N–1515, 200 Constitution Avenue NW., Washington, DC 20210. Supplemental information submitted in connection with the Second Proposed Exemption must be received by the Department on or before March 2, 2015. Warning: All comments received will be included in the public record without change and will be made available online at http:// www.regulations.gov and www.dol.gov/ ebsa. The Department will endeavor to redact certain protected personal information, but it is possible that some such information may be disclosed. Therefore, if you submit a comment, the Department recommends that you include your name and other contact information in the body of your comment, but DO NOT submit information that you consider to be confidential, or otherwise protected (such as Social Security number or an unlisted phone number) or confidential business information that you do not want publicly disclosed. Furthermore, if the Department cannot read your comment due to technical difficulties and cannot contact you for clarification, EBSA might not be able to consider your comment. Additionally, the http:// www.regulations.gov Web site is an ‘‘anonymous access’’ system, which means the Department will not know your identity or contact information unless you complete the applicable fields or provide it in the body of your comment. If you send an email directly to the Department without going through http://www.regulations.gov, your email address will be automatically captured and included as part of the comment that is placed in the public record and made available on the Internet. E:\FR\FM\18FEN1.SGM 18FEN1 8690 Federal Register / Vol. 80, No. 32 / Wednesday, February 18, 2015 / Notices Signed at Washington, DC, this 9th day of February, 2015. Lyssa Hall, Director of Exemption Determinations, Employee Benefits Security Administration, U.S. Department of Labor. [FR Doc. 2015–03014 Filed 2–17–15; 8:45 am] BILLING CODE 4510–29–P DEPARTMENT OF LABOR Employment and Training Administration Public Listening Session Employment and Training Administration (ETA), Labor. ACTION: Notice of public listening session. AGENCY: In preparation for launching the Online Skills Academy described in the Administration’s ‘‘Ready to Work: Job-Driving Training and American Opportunity’’ report, the Department of Labor (Department), Employment and Training Administration is hosting a virtual listening session to solicit information and public input concerning the development of an Online Skills Academy. This listening session will be hosted in partnership with the Department of Education. The listening session will provide an opportunity for stakeholders to provide their comments and suggestions and engage in a national dialogue regarding the implementation of this priority funding. Instructions regarding registering for and attending the listening session are in the SUPPLEMENTARY INFORMATION section of this notice. DATES: Listening Session: The virtual listening session will be on, Friday, February 20, 2015, and will begin at 2:00 p.m. and is scheduled to end by 4:00 p.m. Registration: You must register to attend this virtual listening session. ETA will post specific information on how to register and participate via the Internet on the Online Skills Academy Web site at www.doleta.gov/ skillsacademy in advance of the listening session. Comments: A transcript of all public comments will be available. This transcript and any written comments submitted following the public listening session will be posted on the Online Skills Academy Web site at www.doleta.gov/skillsacademy by Friday, February 27, 2015. Written comments must be submitted electronically to skillsacademy@dol.gov. Comments must be received by 5:00 emcdonald on DSK67QTVN1PROD with NOTICES SUMMARY: VerDate Sep<11>2014 19:32 Feb 17, 2015 Jkt 235001 p.m. ET on Wednesday, February 25, 2015. The listening session will be conducted virtually via live webcast. ETA will post the agenda and logistical information on how to participate via Internet on the Online Skills Academy Web site at http://www.doleta.gov/ skillsacademy in advance of the listening session. The session is open to the public and the entire proceedings will be webcast, recorded, and made publicly available. Interested parties may participate via webcast only. Capacity is not limited but registration is required. For information on how to register, go to http://www.doleta.gov/ skillsacademy. Registration will be open until the listening session begins. In addition to attending joining the virtual session via webinar, ETA would like to solicit comments electronically to skillsacademy@dol.gov. Comments must be received by 5:00 p.m. ET on Wednesday, February 25, 2015. ADDRESSES: SUPPLEMENTARY INFORMATION: I. Background In July 2014, Vice President Joe Biden released a report on federal job-driven training programs, http:// www.whitehouse.gov/sites/default/files/ skills_report_072014_2.pdf. Among other things, programs and initiatives identified in this report highlight the importance of strategies that are responsive to employer needs in order to effectively place ready-to-work Americans in jobs that are available now or train them in the skills needed for better jobs. The report also highlighted future initiatives that expand the tools for job seekers to find pathways to better jobs. One of these initiatives is the Department of Labor’s Online Skills Academy, a competition to award up to $25 million for partnerships that will offer open, online courses of study, helping students earn credentials online through participating accredited institutions, and expanding access to curriculum designed to speed the time to credit and completion. Building off the burgeoning marketplace of free and openly-licensed learning resources, including the content developed through the Trade Adjustment Assistance Community College and Career Training (TAACCCT) grant program, this online skills academy will ensure that workers can get the education and training they need to advance their careers by developing skills in-demand by employers through courses that are free to access and provide a low cost means for earning credentials and degrees. This initiative PO 00000 Frm 00102 Fmt 4703 Sfmt 9990 will be administered in partnership with the Department of Education. To plan this competition, the Departments of Labor and Education will engage stakeholders in a national dialogue to learn and understand concerns and ideas related to the following topics: • Technology-enabled and online learning, including use of open platforms • Accelerated career pathways leading to industry-recognized credentials in in-demand fields • Contextualized learning • Online and technology enabled assessment tools, including competency-based and open access assessments • Use of local labor market information and employer engagement in identification of in-demand skills and credentials II. Instructions for Attending the Listening Session Space for attendance at this virtual listening session is not limited; however, you must register to attend. Information on how to register and participate will be posted on the Online Skills Academy Web site at http:// www.doleta.gov/skillsacademy in advance of the listening session. III. Draft Agenda for the February 20, 2015 Listening Session Welcome and Introductions—2:00 p.m. ET to 2:20 p.m. ET Overview of Online Skills Academy Vision and Required Components— 2:20 p.m. ET to 2:30 p.m. ET Open Comment Period—2:30 p.m. ET to 4:00 p.m. ET • Topic #1—Online Education and Learning • Topic #2—Open Educational Resources and Open Platforms • Topic #3—Training Unemployed Workers and Non-traditional Learners • Topic #4—Developing Career Pathways in High-Demand Sectors • Topic #5—Developing Assessments The agenda will be strictly followed; participants may attend all or part of the listening session as relevant. The updated agenda will be posted on the Online Skills Academy Web site at http://www.doleta.gov/skillsacademy in advance of the listening session. Portia Wu, Assistant Secretary for Employment and Training, Labor. [FR Doc. 2015–03208 Filed 2–17–15; 8:45 am] BILLING CODE 4510–FN–P E:\FR\FM\18FEN1.SGM 18FEN1

Agencies

[Federal Register Volume 80, Number 32 (Wednesday, February 18, 2015)]
[Notices]
[Pages 8689-8690]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-03014]


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

DEPARTMENT OF LABOR

Employee Benefits Security Administration

[Application No. D-11837]


Notice of Extension of Comment Period on Proposed Individual 
Exemption involving Credit Suisse AG (hereinafter, Credit Suisse AG)

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

ACTION: Notice of extension of comment period.

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

SUMMARY: Notice is hereby given that the Department of Labor (the 
Department) is extending the date by which comments may be submitted in 
connection with a proposed individual exemption published on November 
18, 2014, at 79 FR 68712, involving ``qualified professional asset 
managers'' that are affiliated with, or related to, Credit Suisse AG. 
Comments on the proposed exemption may now be submitted to the 
Department on or before March 2, 2015.

ADDRESSES: All written supplemental information should be directed to 
the Office of Exemption Determinations, Employee Benefits Security 
Administration, Room N-5700, U.S. Department of Labor, 200 Constitution 
Avenue NW., Washington, DC 20210, Attention: Application No. D-11837. 
Any such submission must be received on or before March 2, 2015. The 
application regarding the proposed exemption and the comments received 
(and prior hearing requests) will be available for public inspection in 
the Public Disclosure Room of the Employee Benefits Security 
Administration, U.S. Department of Labor, Room N-1515, 200 Constitution 
Avenue NW., Washington, DC 20210. Comments (and prior hearing requests) 
will also be made available online through http://www.regulations.gov 
and www.dol.gov/ebsa at no charge.

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 (the First Proposed Exemption) for 
certain affiliates of Credit Suisse AG and for certain other entities 
in which Credit Suisse AG owns a 5% or more interest 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 requests for a public hearing.
---------------------------------------------------------------------------

    \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).
---------------------------------------------------------------------------

    Following publication of the First Proposed Exemption, and in 
connection therewith, the Department received several requests for a 
public hearing. To ensure that both: (1) Plans with assets managed by 
qualified professional asset managers that are affiliated with or 
related to Credit Suisse did not incur sudden losses to the extent such 
managers could no longer rely on the relief set forth in PTE 84-14 as 
of the scheduled date of the conviction (November 21, 2014); and (2) 
comments on the proposed exemption were properly heard and addressed; 
the Department issued, on November 18, 2014: (A) A final temporary 
conditional exemption regarding the First Proposed Exemption at 79 FR 
68716; (B) a new proposed conditional exemption (the Second Proposed 
Exemption) at 79 FR 68712, that, if granted, would allow Credit Suisse 
AG affiliated and related QPAMs to rely on PTE 84-14 on a permanent 
basis; and (C) a notice of hearing regarding the Second Proposed 
Exemption, at 79 FR 68711.
    A public hearing regarding the Second Proposed Exemption was 
subsequently held in Washington, DC, on January 15, 2015. At the 
hearing, the Department informed commenters that the record for the 
Second Proposed Exemption would be kept open until January 26, 2015.
    The Department now believes that commenters may need additional 
time to review the hearing transcript prior to supplementing the record 
for the Second Proposed Exemption. The transcript is now available 
online through http://www.regulations.gov and www.dol.gov/ebsa. The 
transcript is also available through the Public Disclosure Room of the 
Employee Benefits Security Administration, U.S. Department of Labor, 
Room N-1515, 200 Constitution Avenue NW., Washington, DC 20210.
    Supplemental information submitted in connection with the Second 
Proposed Exemption must be received by the Department on or before 
March 2, 2015.
    Warning: All comments received will be included in the public 
record without change and will be made available online at http://www.regulations.gov and www.dol.gov/ebsa. The Department will endeavor 
to redact certain protected personal information, but it is possible 
that some such information may be disclosed. Therefore, if you submit a 
comment, the Department recommends that you include your name and other 
contact information in the body of your comment, but DO NOT submit 
information that you consider to be confidential, or otherwise 
protected (such as Social Security number or an unlisted phone number) 
or confidential business information that you do not want publicly 
disclosed. Furthermore, if the Department cannot read your comment due 
to technical difficulties and cannot contact you for clarification, 
EBSA might not be able to consider your comment. Additionally, the 
http://www.regulations.gov Web site is an ``anonymous access'' system, 
which means the Department will not know your identity or contact 
information unless you complete the applicable fields or provide it in 
the body of your comment. If you send an email directly to the 
Department without going through http://www.regulations.gov, your email 
address will be automatically captured and included as part of the 
comment that is placed in the public record and made available on the 
Internet.


[[Page 8690]]


    Signed at Washington, DC, this 9th day of February, 2015.
Lyssa Hall,
Director of Exemption Determinations, Employee Benefits Security 
Administration, U.S. Department of Labor.
[FR Doc. 2015-03014 Filed 2-17-15; 8:45 am]
BILLING CODE 4510-29-P