Special Local Regulations; Key West World Championship, Atlantic Ocean, Key West, FL, 51765-51766 [2017-24291]
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Federal Register / Vol. 82, No. 215 / Wednesday, November 8, 2017 / Rules and Regulations
VIII. Executive Order 12866
Executive Orders 12866 and 13563
direct agencies to assess costs and
benefits of available regulatory
alternatives and, if regulation is
necessary, to select regulatory
approaches that maximize net benefits
(including potential economic,
environmental, public health and safety
effects, distributive impacts, and
equity). Executive Order 13563
emphasizes the importance of
quantifying both costs and benefits, of
reducing costs, of harmonizing rules,
and of promoting flexibility. It has been
determined that this rule is not a
‘‘significant regulatory action’’ for
purposes of Executive Order 12866.
List of Subjects in 31 CFR Part 1010
Administrative practice and
procedure, Banks and banking, Brokers,
Counter-money laundering, Counterterrorism, Foreign banking.
Authority and Issuance
For the reasons set forth in the
preamble, part 1010, chapter X of title
31 of the Code of Federal Regulations,
is amended as follows:
PART 1010—GENERAL PROVISIONS
1. The authority citation for part 1010
is revised to read as follows:
■
Authority: 12 U.S.C. 1829b and 1951–1959;
31 U.S.C. 5311–5314, 5316–5332; Title III,
sec. 314, Pub. L. 107–56, 115 Stat. 307; sec.
701, Pub. L. 114–74, 129 Stat. 599.
■
2. Add § 1010.660 to read as follows:
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§ 1010.660 Special measures against Bank
of Dandong.
(a) Definitions. For purposes of this
section:
(1) Bank of Dandong means all
subsidiaries, branches, and offices of
Bank of Dandong Co., Ltd. operating in
any jurisdiction.
(2) Correspondent account has the
same meaning as provided in
§ 1010.605(c)(1)(ii).
(3) Covered financial institution has
the same meaning as provided in
§ 1010.605(e)(1).
(4) Foreign banking institution means
a bank organized under foreign law, or
an agency, branch, or office located
outside the United States of a bank. The
term does not include an agent, agency,
branch, or office within the United
States of a bank organized under foreign
law.
(5) Subsidiary means a company of
which more than 50 percent of the
voting stock or analogous equity interest
is owned by another company.
(b) Prohibition on accounts and due
diligence requirements for covered
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Jkt 244001
financial institutions—(1) Opening or
maintaining correspondent accounts for
Bank of Dandong. A covered financial
institution shall not open or maintain in
the United States a correspondent
account for, or on behalf of, Bank of
Dandong.
(2) Prohibition on use of
correspondent accounts involving Bank
of Dandong. A covered financial
institution shall take reasonable steps
not to process a transaction for the
correspondent account of a foreign
banking institution in the United States
if such a transaction involves Bank of
Dandong.
(3) Special due diligence of
correspondent accounts to prohibit use.
(i) A covered financial institution shall
apply special due diligence to its foreign
correspondent accounts that is
reasonably designed to guard against
their use to process transactions
involving Bank of Dandong. At a
minimum, that special due diligence
must include:
(A) Notifying those foreign
correspondent account holders that the
covered financial institution knows or
has reason to believe provide services to
Bank of Dandong that such
correspondents may not provide Bank of
Dandong with access to the
correspondent account maintained at
the covered financial institution; and
(B) Taking reasonable steps to identify
any use of its foreign correspondent
accounts by Bank of Dandong, to the
extent that such use can be determined
from transactional records maintained
in the covered financial institution’s
normal course of business.
(ii) A covered financial institution
shall take a risk-based approach when
deciding what, if any, other due
diligence measures it reasonably must
adopt to guard against the use of its
foreign correspondent accounts to
process transactions involving Bank of
Dandong.
(iii) A covered financial institution
that knows or has reason to believe that
a foreign bank’s correspondent account
has been or is being used to process
transactions involving Bank of Dandong
shall take all appropriate steps to further
investigate and prevent such access,
including the notification of its
correspondent account holder under
paragraph (b)(3)(i)(A) of this section
and, where necessary, termination of the
correspondent account.
(4) Recordkeeping and reporting. (i) A
covered financial institution is required
to document its compliance with the
notice requirement set forth in
paragraph (b)(3)(i)(A) of this section.
(ii) Nothing in this paragraph (b) shall
require a covered financial institution to
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51765
report any information not otherwise
required to be reported by law or
regulation.
Dated: November 2, 2017.
Jamal El-Hindi,
Acting Director, Financial Crimes
Enforcement Network.
[FR Doc. 2017–24238 Filed 11–7–17; 8:45 am]
BILLING CODE 4810–02–P
DEPARTMENT OF HOMELAND
SECURITY
Coast Guard
33 CFR Part 100
[Docket No. USCG–2017–0972]
Special Local Regulations; Key West
World Championship, Atlantic Ocean,
Key West, FL
Coast Guard, DHS.
Notice of enforcement of
regulation.
AGENCY:
ACTION:
The Coast Guard will enforce
the Key West World Championship
Special Local Regulation from 9:30 a.m.
until 4:30 p.m. on November 8, 10, and
12, 2017. This action is necessary to
ensure safety of life on navigable waters
of the United States and to protect race
participants, participant vessels,
spectators, and the general public from
the hazards associated with high-speed
boat races. During the enforcement
period, and in accordance with
previously issued special local
regulations, no person or vessel may
enter, transit through, anchor in, or
remain within the regulated area
without permission from the Captain of
the Port Key West or a designated
representative.
SUMMARY:
The regulations in 33 CFR
100.701 will be enforced for the location
listed in item (c)(9) in the Table to 33
CFR 100.701 from 9:30 a.m. until 4:30
p.m. on November 8, 10, and 12, 2017.
FOR FURTHER INFORMATION CONTACT: If
you have questions on this notice of
enforcement, call or email Lieutenant
Scott Ledee, Sector Key West
Waterways Management Department,
Coast Guard; telephone (305) 292–8768,
email Scott.G.Ledee@uscg.mil.
SUPPLEMENTARY INFORMATION: On
November 8, 10, and 12, 2017, Super
Boat International Productions, Inc. is
hosting the Key West World
Championship, a series of high-speed
boat races. The Coast Guard will enforce
the special local regulation for the
annual Key West World Championship
Super Boat Race in 33 CFR 100.701,
DATES:
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51766
Federal Register / Vol. 82, No. 215 / Wednesday, November 8, 2017 / Rules and Regulations
table item (c)(9) from 9:30 a.m. until
4:30 p.m. on November 8, 10, 11, and
12, 2017.
Under the provisions of 33 CFR
100.701, no unauthorized person or
vessel may enter, transit through,
anchor within, or remain in the
established regulated areas unless
permission to enter has been granted by
the Captain of the Port Key West or
designated representative. This action is
to provide enforcement action of
regulated area that will encompass
portions of the waters of the Atlantic
Ocean located southwest of Key West,
Florida. The Coast Guard may be
assisted by other Federal, State, or local
law enforcement agencies in enforcing
this regulation.
This notice of enforcement is issued
under authority of 33 CFR 100.701 and
5 U.S.C. 552(a). The Coast Guard will
provide notice of the regulated area by
Local Notice to Mariners, Broadcast
Notice to Mariners, and on-scene
designated representatives. If the
Captain of the Port Key West determines
that the regulated area need not be
enforced for the full duration stated in
this publication, he or she may use a
Broadcast Notice to Mariners to grant
general permission to enter the
regulated area.
Dated: November 2, 2017.
Jeffrey A. Janszen,
Captain, U.S. Coast Guard, Captain of the
Port Key West.
[FR Doc. 2017–24291 Filed 11–7–17; 8:45 am]
BILLING CODE 9110–04–P
DEPARTMENT OF HOMELAND
SECURITY
Coast Guard
33 CFR Part 117
[Docket No. USCG–2017–0976]
RIN 1625–AA09
Drawbridge Operation Regulation;
Lake Washington, Seattle, WA
Coast Guard, DHS.
Final rule.
AGENCY:
ACTION:
The Coast Guard is removing
the existing drawbridge operation
regulation for the Evergreen Point
Floating Bridge (SR–520 Floating
Bridge) across Lake Washington, mile
4.3, at Seattle, WA. The drawbridge was
replaced with a fixed bridge in 2016,
and the operating regulation is no longer
applicable or necessary. The SR–520
Floating Bridge was rebuilt, and the
center span was built with a fixed span
that replaced the draw.
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SUMMARY:
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This rule is effective November
8, 2017.
ADDRESSES: To view documents
mentioned in this preamble as being
available in the docket, go to https://
www.regulations.gov, type USCG–2017–
0976. In the ‘‘SEARCH’’ box and click
‘‘SEARCH.’’ Click on Open Docket
Folder on the line associated with this
rulemaking
FOR FURTHER INFORMATION CONTACT: If
you have questions on this rule, call or
email Mr. Steven Fischer, Bridge
Administrator, Thirteenth Coast Guard
District; telephone 206–220–7282, email
d13-pf-d13bridges@uscg.mil.
SUPPLEMENTARY INFORMATION:
DATES:
I. Table of Abbreviations
CFR Code of Federal Regulations
DHS Department of Homeland Security
FR Federal Register
Pub. L. Public Law
§ Section
U.S.C. United States Code
II. Background Information and
Regulatory History
The Coast Guard is issuing this final
rule without prior notice and
opportunity to comment pursuant to
authority under section 4(a) of the
Administrative Procedure Act (APA) (5
U.S.C. 553(b)). This provision
authorizes an agency to issue a rule
without prior notice and opportunity to
comment when the agency for good
cause finds that notice and comment
procedures are ‘‘impracticable,
unnecessary, or contrary to the public
interest.’’ Under 5 U.S.C. 553(b), the
Coast Guard finds that good cause exists
for not publishing a notice of proposed
rulemaking (NPRM) because the
Evergreen Point Floating Bridge (SR–
520 Floating Bridge), that once required
draw operations in 33 CFR 117.1049,
was removed from Lake Washington
and replaced with a fixed bridge in
2016. Therefore, the regulation is no
longer applicable and needs to be
removed. It is unnecessary to publish a
NPRM because drawbridge regulations
are only used for bridges that have an
operational span that is intended to be
opened for the passage of waterway
traffic. The Evergreen Point Floating
Bridge identified in 33 CFR 117.1049 no
longer exists and has been replaced by
a bridge without an operational span.
For the same reasons stated in the
preceding paragraph, under 5 U.S.C.
553(d)(3), the Coast Guard finds that
good cause exists for making this rule
effective in less than 30 days after
publication in the Federal Register. The
bridge at issue no longer has an
operational span and therefore has no
need of a drawbridge regulation. The
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removal of the regulation will not affect
mariners currently operating on this
waterway. Therefore, a delayed effective
date is unnecessary.
III. Legal Authority and Need for Rule
The Coast Guard is issuing this rule
under authority 33 U.S.C. 499.
The Evergreen Point Floating Bridge
(SR–520 Floating Bridge) was removed
and replaced with a fixed bridge in
2016. The elimination of this
drawbridge necessitates the removal of
the drawbridge operation regulation (33
CFR 117.1049) that pertains to the
former drawbridge. The purpose of this
rule is to remove the section of 33 CFR
117.1049 that refers to the Evergreen
Point Floating Bridge at mile 4.3 from
the Code of Federal Regulations,
because the bridge at that location is no
longer has an operational span.
IV. Discussion of Final Rule
The Coast Guard is changing the
regulation in 33 CFR 117.1049 by
removing restrictions and the regulatory
burden related to the draw operations
for this bridge that is no longer a
drawbridge. The change removes the
regulation governing the Evergreen
Point Floating Bridge since the bridge
has been replaced with a fixed bridge.
This final rule will update the Code of
Federal Regulations by removing
language that governs the operation of
the Evergreen Point Floating Bridge,
which in fact is no longer a drawbridge.
This change does not affect waterway or
land traffic.
V. Regulatory Analyses
We developed this rule after
considering numerous statutes and
Executive Orders related to rulemaking.
Below we summarize our analyses
based on a number of these statutes and
Executive Orders.
A. Regulatory Planning and Review
Executive Orders 12866 and 13563
direct agencies to assess the costs and
benefits of available regulatory
alternatives and, if regulation is
necessary, to select regulatory
approaches that maximize net benefits.
Executive Order 13771 directs agencies
to control regulatory costs through a
budgeting process. This rule has not
been designated a ‘‘significant
regulatory action,’’ under Executive
Order 12866. Accordingly, it has not
been reviewed by the Office of
Management and Budget (OMB) and
pursuant to OMB guidance it is exempt
from the requirements of Executive
Order 13771. See OMB’s Memorandum
‘‘Guidance Implementing Executive
Order 13771, Titled ‘Reducing
E:\FR\FM\08NOR1.SGM
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]]>Agencies
[Federal Register Volume 82, Number 215 (Wednesday, November 8, 2017)]
[Rules and Regulations]
[Pages 51765-51766]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-24291]
=======================================================================
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DEPARTMENT OF HOMELAND SECURITY
Coast Guard
33 CFR Part 100
[Docket No. USCG-2017-0972]
Special Local Regulations; Key West World Championship, Atlantic
Ocean, Key West, FL
AGENCY: Coast Guard, DHS.
ACTION: Notice of enforcement of regulation.
-----------------------------------------------------------------------
SUMMARY: The Coast Guard will enforce the Key West World Championship
Special Local Regulation from 9:30 a.m. until 4:30 p.m. on November 8,
10, and 12, 2017. This action is necessary to ensure safety of life on
navigable waters of the United States and to protect race participants,
participant vessels, spectators, and the general public from the
hazards associated with high-speed boat races. During the enforcement
period, and in accordance with previously issued special local
regulations, no person or vessel may enter, transit through, anchor in,
or remain within the regulated area without permission from the Captain
of the Port Key West or a designated representative.
DATES: The regulations in 33 CFR 100.701 will be enforced for the
location listed in item (c)(9) in the Table to 33 CFR 100.701 from 9:30
a.m. until 4:30 p.m. on November 8, 10, and 12, 2017.
FOR FURTHER INFORMATION CONTACT: If you have questions on this notice
of enforcement, call or email Lieutenant Scott Ledee, Sector Key West
Waterways Management Department, Coast Guard; telephone (305) 292-8768,
email Scott.G.Ledee@uscg.mil.
SUPPLEMENTARY INFORMATION: On November 8, 10, and 12, 2017, Super Boat
International Productions, Inc. is hosting the Key West World
Championship, a series of high-speed boat races. The Coast Guard will
enforce the special local regulation for the annual Key West World
Championship Super Boat Race in 33 CFR 100.701,
[[Page 51766]]
table item (c)(9) from 9:30 a.m. until 4:30 p.m. on November 8, 10, 11,
and 12, 2017.
Under the provisions of 33 CFR 100.701, no unauthorized person or
vessel may enter, transit through, anchor within, or remain in the
established regulated areas unless permission to enter has been granted
by the Captain of the Port Key West or designated representative. This
action is to provide enforcement action of regulated area that will
encompass portions of the waters of the Atlantic Ocean located
southwest of Key West, Florida. The Coast Guard may be assisted by
other Federal, State, or local law enforcement agencies in enforcing
this regulation.
This notice of enforcement is issued under authority of 33 CFR
100.701 and 5 U.S.C. 552(a). The Coast Guard will provide notice of the
regulated area by Local Notice to Mariners, Broadcast Notice to
Mariners, and on-scene designated representatives. If the Captain of
the Port Key West determines that the regulated area need not be
enforced for the full duration stated in this publication, he or she
may use a Broadcast Notice to Mariners to grant general permission to
enter the regulated area.
Dated: November 2, 2017.
Jeffrey A. Janszen,
Captain, U.S. Coast Guard, Captain of the Port Key West.
[FR Doc. 2017-24291 Filed 11-7-17; 8:45 am]
BILLING CODE 9110-04-P
