Patient Engagement Advisory Committee, 14975-14976 [2016-06240]
Download as PDF
Federal Register / Vol. 81, No. 54 / Monday, March 21, 2016 / Rules and Regulations
I fully recognize the difficulty in
distinguishing between different types of
physical contracts. If a particular contract or
an element of a contract serves an economic
purpose similar to an option, I believe the
best course of action is to exercise caution
and not assume your contract is outside of
our jurisdiction based on an interpretation.
While it may seem fine for a person using
these contracts to hope that the interpretation
is not called into question, I believe it would
be wise, as a backstop, to make sure it also
falls within the trade option exemption.
Appendix 3—Concurring Statement of
Commissioner Sharon Y. Bowen
Lhorne on DSK5TPTVN1PROD with RULES
derivatives markets to hedge risk—and who,
we should always remember, did not cause
the financial crisis. Trade options are a type
of commodity option primarily used in the
agricultural, energy and manufacturing
sectors. Today, the Commission has finalized
some amendments to its rules that recognize
trade options are different from the swaps
that are the focus of the Dodd-Frank reforms.
These changes will reduce the burdens on
these commercial businesses and allow them
to better address commercial risk.
The action we have taken today will
eliminate any potential obligation of
commercial participants, who are not swap
dealers (SD) or major swap participants
(MSP), to report trade options to a swap data
repository. We also have eliminated the
requirement that these entities must report
their trade option activities on ‘‘Form TO,’’
and we have eliminated Form TO altogether.
Further, we have ended the swap-related
recordkeeping requirements for these endusers in connection with their trade option
activities, although when transacting in trade
options with SDs or MSPs, they will need to
obtain a legal entity identifier. These changes
will reduce burdens and costs for trade
option counterparties that are not SDs or
MSPs and, in particular, for smaller endusers.
We also have decided not to impose a
requirement in the proposed rule that a
commercial participant would need to
provide notice to the Commission of its trade
options activities if such activities have a
value of more than $1 billion in any calendar
year. This followed careful consideration of
the benefits of such information to the
Commission, as compared with the
difficulties commercial end-users would face
in valuating, tracking, and classifying their
trade options.
I’m pleased that today we have addressed
some reasonable concerns of commercial
end-users who are the critical users of the
derivatives markets. This is just one of the
many actions we have taken in this regard.
We will continue to evaluate our rules with
an eye towards the concerns of these
businesses. I thank my fellow Commissioners
for supporting today’s action.
SUPPLEMENTARY INFORMATION:
Our ruling today provides additional
clarity for trade options, but I encourage
market participants to look at it closely.
Trade options have been caught in a
difficult legal bind. Congress sought to
ensure that people could not evade our
swaps regulations. It did so by both having
a very broad definition of a swap, while also
limiting this Commission’s authority to
exempt swaps by regulation.
Fortunately, however, Congress preserved
the Commission’s authority to exempt trade
options, which is the authority we are once
again using today. Importantly, this
exemption provides additional legal certainty
that our interpretations cannot. But we
cannot overrule the Commodity Exchange
Act with regulations and interpretations; we
will always be bound by that statute.
Therefore, I want to caution anyone tempted
to rely on an interpretation to avoid CFTC
jurisdiction when it comes to options.
VerDate Sep<11>2014
15:24 Mar 18, 2016
Jkt 238001
[FR Doc. 2016–06260 Filed 3–18–16; 8:45 am]
BILLING CODE 6351–01–P
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Food and Drug Administration
21 CFR Part 14
[Docket No. FDA–2016–N–0001]
Patient Engagement Advisory
Committee
AGENCY:
Food and Drug Administration,
HHS.
ACTION:
Final rule.
The Food and Drug
Administration (FDA) is amending the
standing advisory committees’
regulations to add the Patient
Engagement Advisory Committee.
DATES: This rule is effective March 21,
2016.
FOR FURTHER INFORMATION CONTACT:
Letise Williams, Office of Center
Director, Center for Devices and
Radiological Health, Food and Drug
Administration, 10903 New Hampshire
Ave., Silver Spring, MD 20993, email:
Letise.Williams@fda.hhs.gov, 301–796–
8398.
SUMMARY:
The
Patient Engagement Advisory
Committee (the Committee) was
established on October 6, 2015 (80 FR
57007, September 21, 2015).
The Committee will provide advice to
the Commissioner of Food and Drugs
(the Commissioner), or designee, on
complex issues relating to medical
devices, regulation of devices, and their
use by patients.
The Committee will be composed of
a core of nine voting members including
the Chair. Members and the Chair are
selected by the Commissioner or
designee from among authorities who
are knowledgeable in areas such as
clinical research, primary care patient
experience, and healthcare needs of
patient groups in the United States, or
who are experienced in the work of
patient and health professional
PO 00000
Frm 00029
Fmt 4700
Sfmt 4700
14975
organizations, methodologies for
eliciting patient preferences, and
strategies for communicating benefits,
risks, and clinical outcomes to patients
and research subjects. Members will be
invited to serve for overlapping terms of
up to 4 years. Almost all non-Federal
members of this committee serve as
Special Government Employees. The
core of voting members may include one
technically qualified member, selected
by the Commissioner or designee, who
is identified with consumer interests
and is recommended by either a
consortium of consumer-oriented
organizations or other interested
persons.
The function of the Committee is to
provide advice to the Commissioner on
complex issues relating to medical
devices, the regulation of devices, and
their use by patients. Agency guidance
and policies, clinical trial or registry
design, patient preference study design,
benefit-risk determinations, device
labeling, unmet clinical needs, available
alternatives, patient reported outcomes,
and device-related quality of life or
health status issues are among the topics
that may be considered by the
Committee. The Committee provides
relevant skills and perspectives in order
to improve communication of benefits,
risks, and clinical outcomes, and
increase integration of patient
perspectives into the regulatory process
for medical devices. It performs its
duties by identifying new approaches,
promoting innovation, recognizing
unforeseen risks or barriers, and
identifying unintended consequences
that could result from FDA policy.
The Committee name and function
were established with the Committee
charter on October 6, 2015. Therefore,
the Agency is amending 21 CFR 14.100
to add the Committee name and
function to its current list as set forth in
the regulatory text of this document.
Under 5 U.S.C. 553(b)(3)(B) and (d)
and 21 CFR 10.40(d) and (e), the Agency
finds good cause to dispense with notice
and public comment procedures and to
proceed to an immediate effective date
on this rule. Notice and public comment
and a delayed effective date are
unnecessary and are not in the public
interest as this final rule is merely
codifying the addition of the name and
function of the Patient Engagement
Advisory Committee to reflect the
committee charter.
Therefore, the Agency is amending 21
CFR 14.100 to add paragraph (d)(5) as
set forth in the regulatory text of this
document.
E:\FR\FM\21MRR1.SGM
21MRR1
14976
Federal Register / Vol. 81, No. 54 / Monday, March 21, 2016 / Rules and Regulations
List of Subjects in 21 CFR Part 14
DEPARTMENT OF THE INTERIOR
Administrative practice and
procedure, Advisory committees, Color
additives, Drugs, Radiation protection.
Bureau of Indian Affairs
Therefore, under the Federal Food,
Drug, and Cosmetic Act and under
authority delegated to the Commissioner
of Food and Drugs, 21 CFR part 14 is
amended as follows:
PART 14—PUBLIC HEARING BEFORE
A PUBLIC ADVISORY COMMITTEE
1. The authority citation for 21 CFR
part 14 continues to read as follows:
■
Authority: 5 U.S.C. App. 2; 15 U.S.C.
1451–1461; 21 U.S.C. 41–50, 141–149, 321–
394, 467f, 679, 821, 1034; 28 U.S.C. 2112; 42
U.S.C. 201, 262, 263b, 264; Pub. L. 107–109;
Pub. L. 108–155; Pub. L. 113–54.
2. In § 14.100, add paragraph (d)(5) to
read as follows:
■
§ 14.100 List of standing advisory
committees.
*
*
*
*
(d) * * *
(5) Patient Engagement Advisory
Committee.
(i) Date Established: October 6, 2015.
(ii) Function: Provides advice to the
Commissioner on complex issues
relating to medical devices, the
regulation of devices, and their use by
patients. Agency guidance and policies,
clinical trial or registry design, patient
preference study design, benefit-risk
determinations, device labeling, unmet
clinical needs, available alternatives,
patient reported outcomes, and devicerelated quality of life or health status
issues are among the topics that may be
considered by the Committee. The
Committee provides relevant skills and
perspectives in order to improve
communication of benefits, risks, and
clinical outcomes, and increase
integration of patient perspectives into
the regulatory process for medical
devices. It performs its duties by
identifying new approaches, promoting
innovation, recognizing unforeseen risks
or barriers, and identifying unintended
consequences that could result from
FDA policy.
*
*
*
*
*
Lhorne on DSK5TPTVN1PROD with RULES
*
Dated: March 15, 2016.
Jill Hartzler Warner,
Associate Commissioner for Special Medical
Programs.
[FR Doc. 2016–06240 Filed 3–18–16; 8:45 am]
BILLING CODE 4164–01–P
VerDate Sep<11>2014
15:24 Mar 18, 2016
Jkt 238001
25 CFR Part 169
[156A2100DD/AAKC001030/
A0A501010.999900 253G]
RIN 1076–AF20
Rights-of-Way on Indian Land
Bureau of Indian Affairs,
Interior.
ACTION: Final rule; extension of effective
date and compliance date.
AGENCY:
The Bureau of Indian Affairs
(BIA) is announcing the extension of the
effective date of the final rule published
November 19, 2015 governing rights-ofway on Indian land, which was
scheduled to take effect on December
21, 2015, and later extended to March
21, 2016. The final rule will now take
effect on April 21, 2016. The BIA is also
announcing an extension of the
compliance date by which
documentation of past assignments
must be submitted from the extended
date of July 17, 2016, to August 16,
2016. The final rule comprehensively
updates and streamlines the process for
obtaining Bureau of Indian Affairs (BIA)
grants of rights-of-way on Indian land
and BIA land, while supporting tribal
self-determination and self-governance.
DATES: The effective date of the final
rule published on November 19, 2015
(80 FR 72492) is extended until April
21, 2016. The compliance date for
submission of documentation of past
assignments is extended until August
16, 2016.
FOR FURTHER INFORMATION CONTACT: Ms.
Elizabeth Appel, Director, Office of
Regulatory Affairs & Collaborative
Action, (202) 273–4680;
elizabeth.appel@bia.gov.
SUPPLEMENTARY INFORMATION: On
November 19, 2015, BIA published a
final rule addressing rights-of-way on
Indian land and BIA land. See 80 FR
72492. In a document published
December 21, 2015, BIA extended the
effective date of the rule to March 21,
2016, in response to requests from tribes
and industry in order to provide
additional time to prepare for
implementation to ensure compliance.
See 80 FR 79258. BIA is again extending
the effective date of the final rule. This
document extends the effective date of
the final rule to April 21, 2016, and
likewise extends the deadline for
providing BIA with documentation of
past assignments to August 16, 2016.
The substance of the rule remains
SUMMARY:
PO 00000
Frm 00030
Fmt 4700
Sfmt 4700
unchanged and this will be the final
extension of the effective date.
The BIA has determined that the
extension of the effective date and
compliance date without prior public
notice and comment is in the public
interest because it would allow more
time for the public to comply with the
rule. This is a rule of agency procedure
or practice that is exempt from notice
and comment rulemaking under 5
U.S.C. 553(b)(A).
Correction
In FR Rule Doc. No. 2015–28548,
published November 19, 2015, at 80 FR
72492, make the following corrections:
1. On page 72537, in the center and
right columns, in revised § 169.7,
remove the date ‘‘December 21, 2015’’
wherever it appears and add in its place
‘‘April 21, 2016’’.
■
2. On page 72537, in the right column,
in paragraph (d) of revised § 169.7,
remove the date ‘‘April 18, 2016’’ and
add in its place ‘‘August 16, 2016’’.
■
Dated: March 15, 2016.
Lawrence S. Roberts,
Acting Assistant Secretary—Indian Affairs.
[FR Doc. 2016–06269 Filed 3–18–16; 8:45 am]
BILLING CODE 4337–15–P
DEPARTMENT OF HOMELAND
SECURITY
Coast Guard
33 CFR Part 117
[Docket No. USCG–2016–0183]
Drawbridge Operation Regulation;
Trent River, New Bern, NC
Coast Guard, DHS.
Notice of deviation from
drawbridge regulation.
AGENCY:
ACTION:
The Coast Guard has issued a
temporary deviation from the operating
schedule that governs the US 70 (Alfred
C. Cunningham) Bridge across the Trent
River, mile 0.0, at New Bern, NC. The
deviation is necessary to ensure the
safety of attendees to the annual
Mumfest celebration. This deviation
allows the bridge draw span to remain
in the closed to navigation position at
two hour increments to accommodate
the free movement of pedestrians and
vehicles during the annual Mumfest
celebration.
SUMMARY:
This deviation is effective from
9 a.m. on October 8, 2016 to 7 p.m. on
October 9, 2016.
ADDRESSES: The docket for this
deviation, [USCG–2016–0183] is
DATES:
E:\FR\FM\21MRR1.SGM
21MRR1
Agencies
[Federal Register Volume 81, Number 54 (Monday, March 21, 2016)]
[Rules and Regulations]
[Pages 14975-14976]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-06240]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF HEALTH AND HUMAN SERVICES
Food and Drug Administration
21 CFR Part 14
[Docket No. FDA-2016-N-0001]
Patient Engagement Advisory Committee
AGENCY: Food and Drug Administration, HHS.
ACTION: Final rule.
-----------------------------------------------------------------------
SUMMARY: The Food and Drug Administration (FDA) is amending the
standing advisory committees' regulations to add the Patient Engagement
Advisory Committee.
DATES: This rule is effective March 21, 2016.
FOR FURTHER INFORMATION CONTACT: Letise Williams, Office of Center
Director, Center for Devices and Radiological Health, Food and Drug
Administration, 10903 New Hampshire Ave., Silver Spring, MD 20993,
email: Letise.Williams@fda.hhs.gov, 301-796-8398.
SUPPLEMENTARY INFORMATION: The Patient Engagement Advisory Committee
(the Committee) was established on October 6, 2015 (80 FR 57007,
September 21, 2015).
The Committee will provide advice to the Commissioner of Food and
Drugs (the Commissioner), or designee, on complex issues relating to
medical devices, regulation of devices, and their use by patients.
The Committee will be composed of a core of nine voting members
including the Chair. Members and the Chair are selected by the
Commissioner or designee from among authorities who are knowledgeable
in areas such as clinical research, primary care patient experience,
and healthcare needs of patient groups in the United States, or who are
experienced in the work of patient and health professional
organizations, methodologies for eliciting patient preferences, and
strategies for communicating benefits, risks, and clinical outcomes to
patients and research subjects. Members will be invited to serve for
overlapping terms of up to 4 years. Almost all non-Federal members of
this committee serve as Special Government Employees. The core of
voting members may include one technically qualified member, selected
by the Commissioner or designee, who is identified with consumer
interests and is recommended by either a consortium of consumer-
oriented organizations or other interested persons.
The function of the Committee is to provide advice to the
Commissioner on complex issues relating to medical devices, the
regulation of devices, and their use by patients. Agency guidance and
policies, clinical trial or registry design, patient preference study
design, benefit-risk determinations, device labeling, unmet clinical
needs, available alternatives, patient reported outcomes, and device-
related quality of life or health status issues are among the topics
that may be considered by the Committee. The Committee provides
relevant skills and perspectives in order to improve communication of
benefits, risks, and clinical outcomes, and increase integration of
patient perspectives into the regulatory process for medical devices.
It performs its duties by identifying new approaches, promoting
innovation, recognizing unforeseen risks or barriers, and identifying
unintended consequences that could result from FDA policy.
The Committee name and function were established with the Committee
charter on October 6, 2015. Therefore, the Agency is amending 21 CFR
14.100 to add the Committee name and function to its current list as
set forth in the regulatory text of this document.
Under 5 U.S.C. 553(b)(3)(B) and (d) and 21 CFR 10.40(d) and (e),
the Agency finds good cause to dispense with notice and public comment
procedures and to proceed to an immediate effective date on this rule.
Notice and public comment and a delayed effective date are unnecessary
and are not in the public interest as this final rule is merely
codifying the addition of the name and function of the Patient
Engagement Advisory Committee to reflect the committee charter.
Therefore, the Agency is amending 21 CFR 14.100 to add paragraph
(d)(5) as set forth in the regulatory text of this document.
[[Page 14976]]
List of Subjects in 21 CFR Part 14
Administrative practice and procedure, Advisory committees, Color
additives, Drugs, Radiation protection.
Therefore, under the Federal Food, Drug, and Cosmetic Act and under
authority delegated to the Commissioner of Food and Drugs, 21 CFR part
14 is amended as follows:
PART 14--PUBLIC HEARING BEFORE A PUBLIC ADVISORY COMMITTEE
0
1. The authority citation for 21 CFR part 14 continues to read as
follows:
Authority: 5 U.S.C. App. 2; 15 U.S.C. 1451-1461; 21 U.S.C. 41-
50, 141-149, 321-394, 467f, 679, 821, 1034; 28 U.S.C. 2112; 42
U.S.C. 201, 262, 263b, 264; Pub. L. 107-109; Pub. L. 108-155; Pub.
L. 113-54.
0
2. In Sec. 14.100, add paragraph (d)(5) to read as follows:
Sec. 14.100 List of standing advisory committees.
* * * * *
(d) * * *
(5) Patient Engagement Advisory Committee.
(i) Date Established: October 6, 2015.
(ii) Function: Provides advice to the Commissioner on complex
issues relating to medical devices, the regulation of devices, and
their use by patients. Agency guidance and policies, clinical trial or
registry design, patient preference study design, benefit-risk
determinations, device labeling, unmet clinical needs, available
alternatives, patient reported outcomes, and device-related quality of
life or health status issues are among the topics that may be
considered by the Committee. The Committee provides relevant skills and
perspectives in order to improve communication of benefits, risks, and
clinical outcomes, and increase integration of patient perspectives
into the regulatory process for medical devices. It performs its duties
by identifying new approaches, promoting innovation, recognizing
unforeseen risks or barriers, and identifying unintended consequences
that could result from FDA policy.
* * * * *
Dated: March 15, 2016.
Jill Hartzler Warner,
Associate Commissioner for Special Medical Programs.
[FR Doc. 2016-06240 Filed 3-18-16; 8:45 am]
BILLING CODE 4164-01-P