Extension of Comment Period for Disclosure Update and Simplification, 66898-66899 [2016-23489]

Download as PDF Federal Register / Vol. 81, No. 189 / Thursday, September 29, 2016 / Proposed Rules (2) 9.5 Warning Statements—Each product shall have warnings statements to address the following, at a minimum: (i) 9.5.1 The following warning statements shall be placed on all changing tables, including add-on changing units and contoured changing pads that are sold separately: Fall Hazard. Children have suffered serious injuries after falling from changing [tables/pads/areas]. Falls can happen quickly. • STAY in arm’s reach. Note 6: The words in brackets provide wording options. The manufacturer should select the most appropriate term for the product and may substitute another term that is consistent with the product’s marketing and instructions. asabaliauskas on DSK3SPTVN1PROD with PROPOSALS (ii) 9.5.2 Removable pads that are included with changing tables, contoured pads, non-rigid add-on changing unit accessories, and add-on changing units sold separately that are intended to be physically attached to the support surface shall have a warning on the pad or changing unit, and its retail packaging, to address the following: • ALWAYS secure this [unit/pad] to the support [surface/frame] by (manufacturer’s instructions for securing the changing unit). See instructions. Note 7: The words in the brackets provide wording options. The manufacturer should select the most appropriate term for the product and may substitute another term that is consistent with the product’s marketing and instructions. (iii) 9.5.3 Non-rigid add-on changing unit accessories, changing pads, and contoured changing pads, whether sold with the changing table or sold separately, shall include the following additional warning statements: Suffocation Hazard. Babies have suffocated while sleeping [in/on] changing [tables/pads/areas]. Changing VerDate Sep<11>2014 18:35 Sep 28, 2016 Jkt 238001 [table/pad/area] is not designed for safe sleeping. • NEVER allow baby to sleep [in/on] changing [table/pad/area]. Note 8: The words in brackets provide wording options. The manufacturer should select the most appropriate term for the product and may substitute another term that is consistent with the product’s marketing and instructions. (iv) 9.5.4 Contoured changing pads, non-rigid add-on changing unit accessories, and add-on changing units sold separately shall include additional warnings addressing either: (a) The specific products to attach the contoured changing pad or add-on unit to; or (b) That the surface used should be level, stable, and structurally sound with minimum surface dimensions of ‘‘X’’ by ‘‘Y.’’ (m) Instead of complying with section 10.1.1 of ASTM F2388–16, comply with the following: (1) 10.1.1 The instructions shall contain the warnings as specified in 9.5 and address the statements in 10.1.1.1 through 10.1.1.8. These required warning statements shall meet the requirements described in 9.4, except for the color requirements provided in ANSI Z535.4–2011, (e.g., the background of the signal word panel need not be a specific color). Note 9: For additional guidance on the design of warnings for instructional literature, please refer to the most-recent edition of ANSI Z535.6, Product Safety Information in Product Manuals, Instructions, and Other Collateral Materials, American National Standards Institute, Inc., available at https://www.ansi.org/. (2) [Reserved] Dated: September 14, 2016 Todd A. Stevenson, Secretary, Consumer Product Safety Commission. [FR Doc. 2016–22557 Filed 9–28–16; 8:45 am] BILLING CODE 6355–01–P PO 00000 Frm 00033 Fmt 4702 Sfmt 4702 SECURITIES AND EXCHANGE COMMISSION 17 CFR Parts 210, 229, 230, 239, 240, 249, and 274 [Release No. 33–10220; 34–78926; IC– 32281; File No. S7–15–16] RIN 3235–AL82 Extension of Comment Period for Disclosure Update and Simplification Securities and Exchange Commission. ACTION: Extension of comment period. AGENCY: The Securities and Exchange Commission is extending the comment period for a proposal to amend certain of its disclosure requirements that may have become redundant, duplicative, overlapping, outdated, or superseded, in light of other Commission disclosure requirements, U.S. Generally Accepted Accounting Principles (‘‘U.S. GAAP’’), International Financial Reporting Standards (‘‘IFRS’’), or changes in the information environment [Release No. 33–10110; 34–78310; IC–32175; 81 FR 51607 (July 13, 2016)]. The release also solicits comment on certain Commission disclosure requirements that overlap with, but require information incremental to, U.S. GAAP to determine whether to retain, modify, eliminate, or refer them to the Financial Accounting Standards Board for potential incorporation into U.S. GAAP. The original comment period is scheduled to end on October 3, 2016. The Commission is extending the time period in which to provide the Commission with comments until November 2, 2016. This action will allow interested persons additional time to analyze the issues and prepare their comments. DATES: Comments should be received on or before November 2, 2016. SUMMARY: E:\FR\FM\29SEP1.SGM 29SEP1 EP29SE16.001</GPH> 66898 Federal Register / Vol. 81, No. 189 / Thursday, September 29, 2016 / Proposed Rules Comments may be submitted by any of the following methods: ADDRESSES: Electronic Comments • Use the Commission’s Internet comment forms (https://www.sec.gov/ rules/proposed.shtml); • Send an email to rule-comments@ sec.gov. Please include File Number S7– 15–16 on the subject line; or • Use the Federal Rulemaking Portal (https://www.regulations.gov). Follow the instructions for submitting comments. asabaliauskas on DSK3SPTVN1PROD with PROPOSALS Paper Comments • Send paper comments to Brent J. Fields, Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549–1090. All submissions should refer to File Number S7–15–16. This file number should be included on the subject line if email is used. To help us process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s Internet Web site (https://www.sec.gov/rules/ proposed.shtml). Comments also are available for Web site viewing and printing in the Commission’s Public Reference Room, 100 F Street NE., Washington, DC 20549, on official business days between the hours of 10:00 a.m. and 3:00 p.m. All comments received will be posted without change; we do not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. Studies, memoranda or other substantive items may be added by the Commission or staff to the comment file during this rulemaking. A notification of the inclusion in the comment file of any such materials will be made available on the SEC’s Web site. To ensure direct electronic receipt of such notifications, sign up through the ‘‘Stay Connected’’ option at www.sec.gov to receive notifications by email. FOR FURTHER INFORMATION CONTACT: Nili Shah, Deputy Chief Accountant, at (202) 551–3255, Division of Corporation Finance; Duc Dang, Senior Special Counsel, at (202) 551–3386, Office of the Chief Accountant; Matt Giordano, Chief Accountant, at (202) 551–6918, Division of Investment Management; Valentina Minak Deng, Special Counsel, at (202) 551–5778 and Tim White, Special Counsel, at (202) 551–5777, Division of Trading and Markets; Harriet Orol, Branch Chief, at (212) 336–0554, Office of Credit Ratings; Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549. VerDate Sep<11>2014 18:35 Sep 28, 2016 Jkt 238001 The Commission has requested comment on a release proposing amendments to certain of its disclosure requirements that may have become redundant, duplicative, overlapping, outdated, or superseded, in light of other Commission disclosure requirements, U.S. GAAP, IFRS, or changes in the information environment. The release also solicited comment on certain disclosure requirements that overlap with, but require information incremental to, U.S. GAAP to determine whether to retain, modify, eliminate, or refer them to the Financial Accounting Standards Board (‘‘FASB’’) for potential incorporation into U.S. GAAP.1 The proposed amendments are intended to facilitate the disclosure of information to investors, while simplifying compliance efforts, without significantly altering the total mix of information provided to investors. The Commission originally requested that comments on the release be received by October 3, 2016. The Commission has received several requests for an extension of time for public comment on the proposal to, among other things, allow for adequate time to fully consider the proposals and to improve the quality of responses.2 The Commission believes that providing the public additional time to consider thoroughly the matters addressed by the SUPPLEMENTARY INFORMATION: 1 Specifically, the Commission proposed amendments to, or solicited comment on potential FASB referrals of, Rules 1–02, 2–01, 2–02, 3–01, 3– 02, 3–03, 3–04, 3–05, 3–12, 3–14, 3–15, 3–17, 3–20, 3A–01, 3A–02, 3A–03, 3A–04, 4–01, 4–07, 4–08, 4– 10, 5–02, 5–03, 5–04, 6–03, 6–04, 6–07, 6–09, 6A– 04, 6A–05, 7–02, 7–03, 7–04, 7–05, 8–01, 8–02, 8– 03, 8–04, 8–05, 8–06, 9–03, 9–04, 9–05, 9–06, 10– 01, 11–02, 11–03, 12–16, 12–17, 12–18, 12–28, and 12–29 of Regulation S–X under the Securities Act of 1933 (the ‘‘Securities Act’’) and the Securities Exchange Act of 1934 (the ‘‘Exchange Act’’), Items 10, 101, 103, 201, 302, 303, 503, 512, and 601 of Regulation S–K under the Securities Act and the Exchange Act, Item 1010 of Regulation M–A under the Securities Act and the Exchange Act, and Item 1118 of Regulation AB under the Securities Act and the Exchange Act, Rule 158 of the Securities Act, Rules 405 and 436 of Regulation C under the Securities Act, Forms S–1, S–3, S–11, S–4, F–1, F– 3, F–4, F–6, F–7, F–8, F–10, F–80, SF–1, SF–3, 1– A, 1–K, and 1–SA under the Securities Act, Rules 3a51–1, 10A–1, 12b-2, 13a-10, 13b2–2, 14a-101, 15c3–1g, 15d-2, 15d-10, 17a-5, 17a-12, 17g-3, and 17h-1T of the Exchange Act, Forms 20–F, 40–F, 10– K, 11–K, 10–D, and X–17A–5 under the Exchange Act, Forms N–5, N–1A, N–2, N–3, N–4, and N–6 under the Securities Act and the Investment Company Act of 1940 (the ‘‘Investment Company Act’’), and Form N–8B–2 under the Investment Company Act. 2 See Letters from Center for Audit Quality (Aug. 4, 2016), American Gas Association Accounting Advisory Council (Aug. 24, 2016), Edison Electric Institute (Aug. 24, 2016) and the National Association of Real Estate Investment Trusts (Sept. 9, 2016). Comments are available on the Commission’s Web site at https://www.sec.gov/ comments/s7-15-16/s71516.htm. PO 00000 Frm 00034 Fmt 4702 Sfmt 4702 66899 release and to submit comprehensive responses to the release would benefit the Commission in its consideration of final rules. Therefore, the Commission is extending the comment period for Release No. 33–10110; 34–78310; IC– 32175 ‘‘Disclosure Update and Simplification’’ until November 2, 2016. By the Commission. Dated: September 23, 2016. Brent J. Fields, Secretary. [FR Doc. 2016–23489 Filed 9–28–16; 8:45 am] BILLING CODE 8011–01–P ENVIRONMENTAL PROTECTION AGENCY 40 CFR Part 52 [EPA–R10–OAR–2016–0493: FRL–9953–03– Region 10] Approval and Promulgation of Implementation Plans; Washington: General Regulations for Air Pollution Sources Environmental Protection Agency (EPA). ACTION: Proposed rule. AGENCY: In reviewing past State Implementation Plan (SIP) actions, the Washington Department of Ecology (Ecology) and the Environmental Protection Agency (EPA) discovered minor typographical errors related to the EPA’s previous approvals of Chapter 173–400 Washington Administrative Code, General Regulations for Air Pollution Sources. The EPA is proposing to correct these errors. The proposed corrections make no substantive changes to the SIP and impose no new requirements. In the Final Rules section of this Federal Register, the EPA is approving these corrections as a direct final rule without prior proposal because the Agency views this as a noncontroversial action and anticipates no adverse comments. A detailed rationale for the approval is set forth in the direct final rule. If no adverse comments are received in response to this action, no further activity is contemplated. If the EPA receives adverse comments, the direct final rule will be withdrawn and all public comments received will be addressed in a subsequent final rule based on this proposed rule. The EPA will not institute a second comment period. Any parties interested in commenting on this action should do so at this time. DATES: Comments must be received on or before October 31, 2016. SUMMARY: E:\FR\FM\29SEP1.SGM 29SEP1

Agencies

[Federal Register Volume 81, Number 189 (Thursday, September 29, 2016)]
[Proposed Rules]
[Pages 66898-66899]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-23489]


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SECURITIES AND EXCHANGE COMMISSION

17 CFR Parts 210, 229, 230, 239, 240, 249, and 274

[Release No. 33-10220; 34-78926; IC-32281; File No. S7-15-16]
RIN 3235-AL82


Extension of Comment Period for Disclosure Update and 
Simplification

AGENCY: Securities and Exchange Commission.

ACTION: Extension of comment period.

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SUMMARY: The Securities and Exchange Commission is extending the 
comment period for a proposal to amend certain of its disclosure 
requirements that may have become redundant, duplicative, overlapping, 
outdated, or superseded, in light of other Commission disclosure 
requirements, U.S. Generally Accepted Accounting Principles (``U.S. 
GAAP''), International Financial Reporting Standards (``IFRS''), or 
changes in the information environment [Release No. 33-10110; 34-78310; 
IC-32175; 81 FR 51607 (July 13, 2016)]. The release also solicits 
comment on certain Commission disclosure requirements that overlap 
with, but require information incremental to, U.S. GAAP to determine 
whether to retain, modify, eliminate, or refer them to the Financial 
Accounting Standards Board for potential incorporation into U.S. GAAP. 
The original comment period is scheduled to end on October 3, 2016. The 
Commission is extending the time period in which to provide the 
Commission with comments until November 2, 2016. This action will allow 
interested persons additional time to analyze the issues and prepare 
their comments.

DATES: Comments should be received on or before November 2, 2016.

[[Page 66899]]


ADDRESSES: Comments may be submitted by any of the following methods:

Electronic Comments

     Use the Commission's Internet comment forms (https://www.sec.gov/rules/proposed.shtml);
     Send an email to rule-comments@sec.gov. Please include 
File Number S7-15-16 on the subject line; or
     Use the Federal Rulemaking Portal (https://www.regulations.gov). Follow the instructions for submitting comments.

Paper Comments

     Send paper comments to Brent J. Fields, Secretary, 
Securities and Exchange Commission, 100 F Street NE., Washington, DC 
20549-1090.

All submissions should refer to File Number S7-15-16. This file number 
should be included on the subject line if email is used. To help us 
process and review your comments more efficiently, please use only one 
method. The Commission will post all comments on the Commission's 
Internet Web site (https://www.sec.gov/rules/proposed.shtml). Comments 
also are available for Web site viewing and printing in the 
Commission's Public Reference Room, 100 F Street NE., Washington, DC 
20549, on official business days between the hours of 10:00 a.m. and 
3:00 p.m. All comments received will be posted without change; we do 
not edit personal identifying information from submissions. You should 
submit only information that you wish to make available publicly.
    Studies, memoranda or other substantive items may be added by the 
Commission or staff to the comment file during this rulemaking. A 
notification of the inclusion in the comment file of any such materials 
will be made available on the SEC's Web site. To ensure direct 
electronic receipt of such notifications, sign up through the ``Stay 
Connected'' option at www.sec.gov to receive notifications by email.

FOR FURTHER INFORMATION CONTACT: Nili Shah, Deputy Chief Accountant, at 
(202) 551-3255, Division of Corporation Finance; Duc Dang, Senior 
Special Counsel, at (202) 551-3386, Office of the Chief Accountant; 
Matt Giordano, Chief Accountant, at (202) 551-6918, Division of 
Investment Management; Valentina Minak Deng, Special Counsel, at (202) 
551-5778 and Tim White, Special Counsel, at (202) 551-5777, Division of 
Trading and Markets; Harriet Orol, Branch Chief, at (212) 336-0554, 
Office of Credit Ratings; Securities and Exchange Commission, 100 F 
Street NE., Washington, DC 20549.

SUPPLEMENTARY INFORMATION: The Commission has requested comment on a 
release proposing amendments to certain of its disclosure requirements 
that may have become redundant, duplicative, overlapping, outdated, or 
superseded, in light of other Commission disclosure requirements, U.S. 
GAAP, IFRS, or changes in the information environment. The release also 
solicited comment on certain disclosure requirements that overlap with, 
but require information incremental to, U.S. GAAP to determine whether 
to retain, modify, eliminate, or refer them to the Financial Accounting 
Standards Board (``FASB'') for potential incorporation into U.S. 
GAAP.\1\ The proposed amendments are intended to facilitate the 
disclosure of information to investors, while simplifying compliance 
efforts, without significantly altering the total mix of information 
provided to investors.
---------------------------------------------------------------------------

    \1\ Specifically, the Commission proposed amendments to, or 
solicited comment on potential FASB referrals of, Rules 1-02, 2-01, 
2-02, 3-01, 3-02, 3-03, 3-04, 3-05, 3-12, 3-14, 3-15, 3-17, 3-20, 
3A-01, 3A-02, 3A-03, 3A-04, 4-01, 4-07, 4-08, 4-10, 5-02, 5-03, 5-
04, 6-03, 6-04, 6-07, 6-09, 6A-04, 6A-05, 7-02, 7-03, 7-04, 7-05, 8-
01, 8-02, 8-03, 8-04, 8-05, 8-06, 9-03, 9-04, 9-05, 9-06, 10-01, 11-
02, 11-03, 12-16, 12-17, 12-18, 12-28, and 12-29 of Regulation S-X 
under the Securities Act of 1933 (the ``Securities Act'') and the 
Securities Exchange Act of 1934 (the ``Exchange Act''), Items 10, 
101, 103, 201, 302, 303, 503, 512, and 601 of Regulation S-K under 
the Securities Act and the Exchange Act, Item 1010 of Regulation M-A 
under the Securities Act and the Exchange Act, and Item 1118 of 
Regulation AB under the Securities Act and the Exchange Act, Rule 
158 of the Securities Act, Rules 405 and 436 of Regulation C under 
the Securities Act, Forms S-1, S-3, S-11, S-4, F-1, F-3, F-4, F-6, 
F-7, F-8, F-10, F-80, SF-1, SF-3, 1-A, 1-K, and 1-SA under the 
Securities Act, Rules 3a51-1, 10A-1, 12b-2, 13a-10, 13b2-2, 14a-101, 
15c3-1g, 15d-2, 15d-10, 17a-5, 17a-12, 17g-3, and 17h-1T of the 
Exchange Act, Forms 20-F, 40-F, 10-K, 11-K, 10-D, and X-17A-5 under 
the Exchange Act, Forms N-5, N-1A, N-2, N-3, N-4, and N-6 under the 
Securities Act and the Investment Company Act of 1940 (the 
``Investment Company Act''), and Form N-8B-2 under the Investment 
Company Act.
---------------------------------------------------------------------------

    The Commission originally requested that comments on the release be 
received by October 3, 2016. The Commission has received several 
requests for an extension of time for public comment on the proposal 
to, among other things, allow for adequate time to fully consider the 
proposals and to improve the quality of responses.\2\ The Commission 
believes that providing the public additional time to consider 
thoroughly the matters addressed by the release and to submit 
comprehensive responses to the release would benefit the Commission in 
its consideration of final rules. Therefore, the Commission is 
extending the comment period for Release No. 33-10110; 34-78310; IC-
32175 ``Disclosure Update and Simplification'' until November 2, 2016.
---------------------------------------------------------------------------

    \2\ See Letters from Center for Audit Quality (Aug. 4, 2016), 
American Gas Association Accounting Advisory Council (Aug. 24, 
2016), Edison Electric Institute (Aug. 24, 2016) and the National 
Association of Real Estate Investment Trusts (Sept. 9, 2016). 
Comments are available on the Commission's Web site at https://www.sec.gov/comments/s7-15-16/s71516.htm.

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    By the Commission.

    Dated: September 23, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016-23489 Filed 9-28-16; 8:45 am]
 BILLING CODE 8011-01-P
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