Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds; Corrections, 66063 [2019-26066]

Download as PDF 66063 Rules and Regulations Federal Register Vol. 84, No. 232 Tuesday, December 3, 2019 This section of the FEDERAL REGISTER contains regulatory documents having general applicability and legal effect, most of which are keyed to and codified in the Code of Federal Regulations, which is published under 50 titles pursuant to 44 U.S.C. 1510. The Code of Federal Regulations is sold by the Superintendent of Documents. FEDERAL DEPOSIT INSURANCE CORPORATION 12 CFR Part 351 RIN 3064–AE67 Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds; Corrections Federal Deposit Insurance Corporation. ACTION: Final rule; correcting amendments. AGENCY: The Federal Deposit Insurance Corporation (FDIC) is correcting a final rule that appeared in the Federal Register on Thursday, November 14, 2019, regarding Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds. These corrections are necessary to standardize the language in the FDIC regulations with the other agencies’ regulations. SUMMARY: DATES: lotter on DSKBCFDHB2PROD with RULES Bobby R. Bean, Associate Director, bbean@fdic.gov, Andrew D. Carayiannis, Senior Policy Analyst, acarayiannis@fdic.gov, or Brian Cox, Senior Policy Analyst, brcox@fdic.gov, Capital Markets Branch, (202) 898–6888; Michael B. Phillips, Counsel, mphillips@fdic.gov, or Benjamin J. Klein, Counsel, bklein@fdic.gov, Legal Division, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429. SUPPLEMENTARY INFORMATION: On November 14, 2019, the Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), FDIC, Securities and Exchange Commission (SEC), and Commodity Futures Trading Commission (CFTC) (collectively, the 16:44 Dec 02, 2019 Jkt 250001 § 351.5 [Corrected] 1. On page 62171, in the first column, in part 351, in amendment 35, the instruction ‘‘Section 351.5 is amended by revising paragraphs (b) and (c)(1) and adding paragraph (c)(4) to read as follows:’’ is corrected to read as follows: ‘‘Section 351.5 is amended by revising paragraphs (b) and (c)(1) introductory text and adding paragraph (c)(4) to read as follows:’’ ■ 2. On page 62171, in the first column, in § 351.5, in paragraph (b), ‘‘* * *’’ is corrected to read ‘‘Requirements.’’ ■ Effective January 1, 2020. FOR FURTHER INFORMATION CONTACT: VerDate Sep<11>2014 agencies) published a final rule, Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds.1 The final rule adopted amendments to the regulations implementing section 13 of the Bank Holding Company Act, which contains certain restrictions on the ability of a banking entity and nonbank financial company supervised by the Board to engage in proprietary trading and have certain interests in, or relationships with, a hedge fund or private equity fund. The FDIC wishes to make certain corrections to its final rule text in order to maintain consistency among the agencies. For the reasons set out in the preamble and in this document, in FR Doc. 2019–22695, appearing on page 61974 in the Federal Register of Thursday, November 14, 2019, the following corrections are made: Dated on November 26, 2019. Federal Deposit Insurance Corporation. Annmarie H. Boyd, Assistant Executive Secretary. [FR Doc. 2019–26066 Filed 12–2–19; 8:45 am] BILLING CODE 6714–01–P 1 84 PO 00000 FR 61974 (Nov. 14, 2019). Frm 00001 Fmt 4700 Sfmt 4700 DEPARTMENT OF TRANSPORTATION Federal Aviation Administration 14 CFR Part 39 [Docket No. FAA–2019–0669; Product Identifier 2019–NM–091–AD; Amendment 39–19802; AD 2019–23–08] RIN 2120–AA64 Airworthiness Directives; Saab AB, Saab Aeronautics (Formerly Known as Saab AB, Saab Aerosystems) Airplanes Federal Aviation Administration (FAA), Department of Transportation (DOT). ACTION: Final rule. AGENCY: The FAA is superseding Airworthiness Directive (AD) 2019–03– 19, which applied to all Saab AB, Saab Aeronautics Model SAAB 2000 airplanes. AD 2019–03–19 required a functional check of certain fuel probes, and replacement with a serviceable part if necessary. This AD continues to require a functional check of certain fuel probes, and replacement with a serviceable part if necessary. This AD also revises the definition of a ‘‘serviceable part.’’ This AD was prompted by reports that certain fuel probes indicated misleading fuel quantities on the engine indicating and crew alerting system (EICAS). The FAA is issuing this AD to address the unsafe condition on these products. DATES: This AD is effective January 7, 2020. The Director of the Federal Register approved the incorporation by reference of a certain publication listed in this AD as of April 2, 2019 (84 FR 6062, February 26, 2019). ADDRESSES: For service information identified in this final rule, contact Saab AB, Saab Aeronautics, SE–581 88, Linko¨ping, Sweden; telephone +46 13 18 5591; fax +46 13 18 4874; email saab2000.techsupport@saabgroup.com; internet https://www.saabgroup.com. You may view this referenced service information at the FAA, Transport Standards Branch, 2200 South 216th St., Des Moines, WA. For information on the availability of this material at the FAA, call 206–231–3195. It is also available on the internet at https:// www.regulations.gov by searching for SUMMARY: E:\FR\FM\03DER1.SGM 03DER1

Agencies

[Federal Register Volume 84, Number 232 (Tuesday, December 3, 2019)]
[Rules and Regulations]
[Page 66063]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-26066]



========================================================================
Rules and Regulations
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains regulatory documents 
having general applicability and legal effect, most of which are keyed 
to and codified in the Code of Federal Regulations, which is published 
under 50 titles pursuant to 44 U.S.C. 1510.

The Code of Federal Regulations is sold by the Superintendent of Documents. 

========================================================================


Federal Register / Vol. 84, No. 232 / Tuesday, December 3, 2019 / 
Rules and Regulations

[[Page 66063]]



FEDERAL DEPOSIT INSURANCE CORPORATION

12 CFR Part 351

RIN 3064-AE67


Prohibitions and Restrictions on Proprietary Trading and Certain 
Interests in, and Relationships With, Hedge Funds and Private Equity 
Funds; Corrections

AGENCY: Federal Deposit Insurance Corporation.

ACTION: Final rule; correcting amendments.

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

SUMMARY: The Federal Deposit Insurance Corporation (FDIC) is correcting 
a final rule that appeared in the Federal Register on Thursday, 
November 14, 2019, regarding Prohibitions and Restrictions on 
Proprietary Trading and Certain Interests in, and Relationships With, 
Hedge Funds and Private Equity Funds. These corrections are necessary 
to standardize the language in the FDIC regulations with the other 
agencies' regulations.

DATES: Effective January 1, 2020.

FOR FURTHER INFORMATION CONTACT: Bobby R. Bean, Associate Director, 
[email protected], Andrew D. Carayiannis, Senior Policy Analyst, 
[email protected], or Brian Cox, Senior Policy Analyst, 
[email protected], Capital Markets Branch, (202) 898-6888; Michael B. 
Phillips, Counsel, [email protected], or Benjamin J. Klein, Counsel, 
[email protected], Legal Division, Federal Deposit Insurance Corporation, 
550 17th Street NW, Washington, DC 20429.

SUPPLEMENTARY INFORMATION: On November 14, 2019, the Office of the 
Comptroller of the Currency (OCC), Board of Governors of the Federal 
Reserve System (Board), FDIC, Securities and Exchange Commission (SEC), 
and Commodity Futures Trading Commission (CFTC) (collectively, the 
agencies) published a final rule, Prohibitions and Restrictions on 
Proprietary Trading and Certain Interests in, and Relationships With, 
Hedge Funds and Private Equity Funds.\1\ The final rule adopted 
amendments to the regulations implementing section 13 of the Bank 
Holding Company Act, which contains certain restrictions on the ability 
of a banking entity and nonbank financial company supervised by the 
Board to engage in proprietary trading and have certain interests in, 
or relationships with, a hedge fund or private equity fund. The FDIC 
wishes to make certain corrections to its final rule text in order to 
maintain consistency among the agencies.
---------------------------------------------------------------------------

    \1\ 84 FR 61974 (Nov. 14, 2019).
---------------------------------------------------------------------------

    For the reasons set out in the preamble and in this document, in FR 
Doc. 2019-22695, appearing on page 61974 in the Federal Register of 
Thursday, November 14, 2019, the following corrections are made:


Sec.  351.5  [Corrected]

0
1. On page 62171, in the first column, in part 351, in amendment 35, 
the instruction ``Section 351.5 is amended by revising paragraphs (b) 
and (c)(1) and adding paragraph (c)(4) to read as follows:'' is 
corrected to read as follows: ``Section 351.5 is amended by revising 
paragraphs (b) and (c)(1) introductory text and adding paragraph (c)(4) 
to read as follows:''

0
2. On page 62171, in the first column, in Sec.  351.5, in paragraph 
(b), ``* * *'' is corrected to read ``Requirements.''

    Dated on November 26, 2019.

Federal Deposit Insurance Corporation.
Annmarie H. Boyd,
Assistant Executive Secretary.
[FR Doc. 2019-26066 Filed 12-2-19; 8:45 am]
BILLING CODE 6714-01-P
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