Business Conduct Standards for Security-Based Swap Dealers and Major Security-Based Swap Participants; Correction, 32643 [2016-12166]
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Federal Register / Vol. 81, No. 100 / Tuesday, May 24, 2016 / Rules and Regulations
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Norridgewock.
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[FR Doc. 2016–11956 Filed 5–23–16; 8:45 am]
BILLING CODE 4910–13–P
SECURITIES AND EXCHANGE
COMMISSION
17 CFR Part 240
[Release No. 34–77617A; File No. S7–25–
11]
RIN 3235–AL10
Business Conduct Standards for
Security-Based Swap Dealers and
Major Security-Based Swap
Participants; Correction
Securities and Exchange
Commission.
ACTION: Final rule; correction.
AGENCY:
The Securities and Exchange
Commission (‘‘SEC’’ or ‘‘Commission’’)
is making a technical correction to a
burden estimate for Paperwork
Reduction Act purposes and a
corresponding estimate in the Economic
Analysis of the business conduct
standards for security-based swap
dealers and major security-based swap
participants.
DATES: Effective: May 24, 2016.
FOR FURTHER INFORMATION CONTACT:
Lourdes Gonzalez, Assistant Chief
Counsel—Sales Practices, Office of
Chief Counsel, Division of Trading and
Markets, at (202) 551–5550, at the
Securities and Exchange Commission,
100 F Street NE., Washington, DC
20549.
mstockstill on DSK3G9T082PROD with RULES
SUMMARY:
In
Business Conduct Standards for
Security-Based Swap Dealers and Major
Security-Based Swap Participants (FR
Doc. 2016–10918), published in the
SUPPLEMENTARY INFORMATION:
VerDate Sep<11>2014
17:11 May 23, 2016
Jkt 238001
FDC No.
FDC date
32643
Federal Register on May 13, 2016, the
following corrections are made:
1. On page 30090, in the third
column, under the heading ‘‘1.
Verification of Status,’’ the second
sentence is hereby deleted and replaced
with the sentence: ‘‘As noted above,
Rule 15Fh–3(a)(3) differs from the
CFTC’s rule, which instead includes an
opt-in for plans ‘‘defined in’’ ERISA, but
not subject to Title I of ERISA.’’
Footnote 1529 remains as published.
2. Also on page 30090, in the third
column, in the fourth sentence under
the same heading, the phrase
‘‘complying with the rules, as adopted,’’
is replaced with the phrase ‘‘complying
with Rules 15Fh–3(a)(1) and (2)’’.
3. On page 30091, in the first column,
under the same heading, a new
paragraph begins after footnote 1531,
beginning with the sentence ‘‘We do not
anticipate any ongoing burdens with
respect to this rule.’’
4. Also on page 30091, in the first
column, under the same heading, the
following sentence is added to the end
of the last paragraph under this heading:
‘‘We also anticipate that all 55 SBS
Entities will incur, on average, an initial
internal burden of 30 minutes to prepare
the notice required pursuant to Rule
15Fh–3(a)(3) for counterparties defined
in Rule 15Fh–2(d)(4), for an aggregate
total of 27.5 hours.’’
5. On page 30110, in the first column,
in the first sentence of the sixth
paragraph under the heading ‘‘C. Costs
and Benefits of Business Conduct Rules,
1. Verification of Status and Know Your
Counterparty Rules,’’ the estimate for
the direct costs of compliance is
corrected to ‘‘$28,050’’ from ‘‘$17,600’’.
6. Footnote 1655 on page 30110, is
corrected to: ‘‘Initial outside counsel
cost: $500 * (20 non-CFTC registered
PO 00000
Frm 00027
Fmt 4700
Sfmt 4700
Subject
SBS Entities) = $10,000. Initial
adherence letter and notification
burden: (In-house attorney at $380 per
hour) × 47.5 hours = $18,050.’’
7. On page 30120, in the first column,
in the fourth paragraph under the
heading ‘‘4. Special Entities, a. Scope
and Verification,’’ the third sentence is
corrected to: ‘‘Out of 3,635 special
entities subscribed to the ISDA August
2012 DF Protocol, 1,453 market
participants (approximately 40%) are
special entities not defined in Rule
15Fh–2(d)(3).’’
Dated: May 19, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016–12166 Filed 5–23–16; 8:45 am]
BILLING CODE 8011–01–P
SOCIAL SECURITY ADMINISTRATION
20 CFR Part 404
[Docket No. SSA–2016–0016]
RIN 0960–AI00
Extension of Expiration Dates for Two
Body System Listings
Social Security Administration.
Final rule.
AGENCY:
ACTION:
We are extending the
expiration dates of the following body
systems in the Listing of Impairments
(listings) in our regulations: Endocrine
Disorders and Immune System
Disorders. We are making no other
revisions to these body systems in this
final rule. This extension ensures that
we will continue to have the criteria we
need to evaluate impairments in the
affected body systems at step three of
the sequential evaluation processes for
SUMMARY:
E:\FR\FM\24MYR1.SGM
24MYR1
Agencies
[Federal Register Volume 81, Number 100 (Tuesday, May 24, 2016)]
[Rules and Regulations]
[Page 32643]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-12166]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
17 CFR Part 240
[Release No. 34-77617A; File No. S7-25-11]
RIN 3235-AL10
Business Conduct Standards for Security-Based Swap Dealers and
Major Security-Based Swap Participants; Correction
AGENCY: Securities and Exchange Commission.
ACTION: Final rule; correction.
-----------------------------------------------------------------------
SUMMARY: The Securities and Exchange Commission (``SEC'' or
``Commission'') is making a technical correction to a burden estimate
for Paperwork Reduction Act purposes and a corresponding estimate in
the Economic Analysis of the business conduct standards for security-
based swap dealers and major security-based swap participants.
DATES: Effective: May 24, 2016.
FOR FURTHER INFORMATION CONTACT: Lourdes Gonzalez, Assistant Chief
Counsel--Sales Practices, Office of Chief Counsel, Division of Trading
and Markets, at (202) 551-5550, at the Securities and Exchange
Commission, 100 F Street NE., Washington, DC 20549.
SUPPLEMENTARY INFORMATION: In Business Conduct Standards for Security-
Based Swap Dealers and Major Security-Based Swap Participants (FR Doc.
2016-10918), published in the Federal Register on May 13, 2016, the
following corrections are made:
1. On page 30090, in the third column, under the heading ``1.
Verification of Status,'' the second sentence is hereby deleted and
replaced with the sentence: ``As noted above, Rule 15Fh-3(a)(3) differs
from the CFTC's rule, which instead includes an opt-in for plans
``defined in'' ERISA, but not subject to Title I of ERISA.'' Footnote
1529 remains as published.
2. Also on page 30090, in the third column, in the fourth sentence
under the same heading, the phrase ``complying with the rules, as
adopted,'' is replaced with the phrase ``complying with Rules 15Fh-
3(a)(1) and (2)''.
3. On page 30091, in the first column, under the same heading, a
new paragraph begins after footnote 1531, beginning with the sentence
``We do not anticipate any ongoing burdens with respect to this rule.''
4. Also on page 30091, in the first column, under the same heading,
the following sentence is added to the end of the last paragraph under
this heading: ``We also anticipate that all 55 SBS Entities will incur,
on average, an initial internal burden of 30 minutes to prepare the
notice required pursuant to Rule 15Fh-3(a)(3) for counterparties
defined in Rule 15Fh-2(d)(4), for an aggregate total of 27.5 hours.''
5. On page 30110, in the first column, in the first sentence of the
sixth paragraph under the heading ``C. Costs and Benefits of Business
Conduct Rules, 1. Verification of Status and Know Your Counterparty
Rules,'' the estimate for the direct costs of compliance is corrected
to ``$28,050'' from ``$17,600''.
6. Footnote 1655 on page 30110, is corrected to: ``Initial outside
counsel cost: $500 * (20 non-CFTC registered SBS Entities) = $10,000.
Initial adherence letter and notification burden: (In-house attorney at
$380 per hour) x 47.5 hours = $18,050.''
7. On page 30120, in the first column, in the fourth paragraph
under the heading ``4. Special Entities, a. Scope and Verification,''
the third sentence is corrected to: ``Out of 3,635 special entities
subscribed to the ISDA August 2012 DF Protocol, 1,453 market
participants (approximately 40%) are special entities not defined in
Rule 15Fh-2(d)(3).''
Dated: May 19, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016-12166 Filed 5-23-16; 8:45 am]
BILLING CODE 8011-01-P