Protection of Clearing Member Funds Held by Derivatives Clearing Organizations, 8111-8112 [2024-02234]

Download as PDF Federal Register / Vol. 89, No. 25 / Tuesday, February 6, 2024 / Proposed Rules (a) Comments Due Date The FAA must receive comments on this airworthiness directive (AD) by March 22, 2024. (b) Affected ADs This AD affects AD 2016–19–04, Amendment 18653 (81 FR 65857, September 26, 2016) (AD 2016–19–04). (c) Applicability This AD applies to all The Boeing Company Model 787–8, 787–9, and 787–10 airplanes, certificated in any category. (d) Subject Air Transport Association (ATA) of America Code 25, Equipment/furnishings. (e) Unsafe Condition This AD was prompted by a determination that the flight deck door decompression panel can strike the captain’s seat headrest if a flight deck decompression event occurs when the seat is in a certain position. The FAA is issuing this AD to address the possibility that the decompression panel could strike the captain’s head or face. The unsafe condition, if not addressed, could result in serious or potentially fatal injury to the captain after a flight deck decompression event. ddrumheller on DSK120RN23PROD with PROPOSALS1 (f) Compliance Comply with this AD within the compliance times specified, unless already done. (g) Required Actions For airplanes with an original certificate of airworthiness or original export certificate of airworthiness issued on or before the effective date of this AD, with a seat assembly having Boeing part number S632Z301–21 (Ipeco part number 3A380– 0007–01–7) installed on the captain’s side: Except as specified by paragraph (h) of this AD, at the applicable times specified in the ‘‘Compliance’’ paragraph of Boeing Special Attention Requirements Bulletin B787– 81205–SB250294–00 RB, Issue 001, dated June 14, 2023, do all applicable actions identified in, and in accordance with, the Accomplishment Instructions of Boeing Special Attention Requirements Bulletin B787–81205–SB250294–00 RB, Issue 001, dated June 14, 2023. Note 1 to paragraph (g): Guidance for accomplishing the actions required by this AD can be found in Boeing Special Attention Service Bulletin B787–81205–SB250294–00 RB, Issue 001, dated June 14, 2023, which is referred to in Boeing Special Attention Requirements Bulletin B787–81205– SB250294–00 RB, Issue 001, dated June 14, 2023. (h) Exceptions to Service Information Specifications (1) Where the Boeing Recommended Compliance Time column of the table in the ‘‘Compliance’’ paragraph of Boeing Special Attention Requirements Bulletin B787– 81205–SB250294–00 RB, Issue 001, dated June 14, 2023, uses the phrase ‘‘the Issue 001 date of Requirements Bulletin B787–81205– VerDate Sep<11>2014 16:48 Feb 05, 2024 Jkt 262001 SB250294–00 RB,’’ this AD requires using ‘‘the effective date of this AD.’’ (2) Where Boeing Special Attention Requirements Bulletin B787–81205– SB250294–00 RB, Issue 001, dated June 14, 2023, specifies replacement with captain’s seat assemblies having P/N S632Z301–31 (Ipeco P/N 3A380–0007–01–8), this AD requires installing that part number or a laterapproved part number. Later-approved part numbers are only those that are approved as a replacement for the applicable captain’s seat assembly, and are approved as part of the type design by the FAA or The Boeing Company Organization Designation Authorization (ODA) after June 14, 2023 (the issuance date of Boeing Special Attention Requirements Bulletin B787–81205– SB250294–00 RB, Issue 001). (i) Terminating Action for Certain Requirements of AD 2016–19–04 Replacement of the captain’s seat assembly as required by paragraph (g) of this AD terminates the requirements of paragraph (h)(1) of AD 2016–19–04, for that captain’s seat assembly only. (j) Parts Installation Prohibition As of the effective date of this AD, no person may install a captain’s seat assembly, Boeing part number (P/N) S632Z301–21 (Ipeco P/N 3A380–0007–01–7), on any airplane. (k) Alternative Methods of Compliance (AMOCs) (1) The Manager, AIR–520, Continued Operational Safety Branch, FAA, has the authority to approve AMOCs for this AD, if requested using the procedures found in 14 CFR 39.19. In accordance with 14 CFR 39.19, send your request to your principal inspector or responsible Flight Standards Office, as appropriate. If sending information directly to the manager of the certification office, send it to the attention of the person identified in paragraph (l) of this AD. Information may be emailed to: 9-ANMSeattle-ACO-AMOC-Requests@faa.gov. (2) Before using any approved AMOC, notify your appropriate principal inspector, or lacking a principal inspector, the manager of the responsible Flight Standards Office. (3) An AMOC that provides an acceptable level of safety may be used for any repair, modification, or alteration required by this AD if it is approved by The Boeing Company Organization Designation Authorization (ODA) that has been authorized by the Manager, AIR–520, Continued Operational Safety Branch, FAA, to make those findings. To be approved, the repair method, modification deviation, or alteration deviation must meet the certification basis of the airplane, and the approval must specifically refer to this AD. (l) Related Information For more information about this AD, contact Nicole S. Tsang, Aviation Safety Engineer, FAA, 2200 South 216th St., Des Moines, WA 98198; telephone 206–231– 3959; email Nicole.S.Tsang@faa.gov. PO 00000 Frm 00029 Fmt 4702 Sfmt 4702 8111 (m) Material Incorporated by Reference (1) The Director of the Federal Register approved the incorporation by reference (IBR) of the service information listed in this paragraph under 5 U.S.C. 552(a) and 1 CFR part 51. (2) You must use this service information as applicable to do the actions required by this AD, unless the AD specifies otherwise. (i) Boeing Special Attention Requirements Bulletin B787–81205–SB250294–00 RB, Issue 001, dated June 14, 2023. (ii) [Reserved] (3) For service information identified in this AD, contact Boeing Commercial Airplanes, Attention: Contractual & Data Services (C&DS), 2600 Westminster Blvd., MC 110–SK57, Seal Beach, CA 90740–5600; telephone 562–797–1717; website myboeingfleet.com. (4) You may view this service information at the FAA, Airworthiness Products Section, Operational Safety Branch, 2200 South 216th St., Des Moines, WA. For information on the availability of this material at the FAA, call 206–231–3195. (5) You may view this material at the National Archives and Records Administration (NARA). For information on the availability of this material at NARA, visit www.archives.gov/federal-register/cfr/ ibr-locations or email fr.inspection@nara.gov. Issued on January 29, 2024. Victor Wicklund, Deputy Director, Compliance & Airworthiness Division, Aircraft Certification Service. [FR Doc. 2024–02059 Filed 2–5–24; 8:45 am] BILLING CODE 4910–13–P COMMODITY FUTURES TRADING COMMISSION 17 CFR Part 39 RIN 3038–AF39 Protection of Clearing Member Funds Held by Derivatives Clearing Organizations Commodity Futures Trading Commission. ACTION: Extension of comment period. AGENCY: On January 3, 2024, the Commodity Futures Trading Commission (Commission) published, in the Federal Register, a notice of proposed rulemaking (NPRM) titled Protection of Clearing Member Funds Held by Derivatives Clearing Organizations. The comment period for the NPRM was to close on February 16, 2024. The Commission is extending the comment period for this NPRM by an additional 31 days. DATES: The comment period for the NPRM titled Protection of Clearing Member Funds Held by Derivatives Clearing Organizations, published January 3, 2024 (89 FR 286), is SUMMARY: E:\FR\FM\06FEP1.SGM 06FEP1 ddrumheller on DSK120RN23PROD with PROPOSALS1 8112 Federal Register / Vol. 89, No. 25 / Tuesday, February 6, 2024 / Proposed Rules extended. Comments are due March 18, 2024. ADDRESSES: You may submit comments, identified by RIN number 3038–AF39, by any of the following methods: • CFTC Comments Portal: https:// comments.cftc.gov. Select the ‘‘Submit Comments’’ link for this rulemaking and follow the instructions on the Public Comment Form. • Mail: Send to Christopher Kirkpatrick, Secretary of the Commission, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581. • Hand Delivery/Courier: Follow the same instructions as for Mail, above. Please submit your comments using only one of these methods. Submissions through the CFTC Comments Portal are encouraged. All comments must be submitted in English, or if not, accompanied by an English translation. Comments will be posted as received to https:// comments.cftc.gov. You should submit only information that you wish to make available publicly. If you wish the Commission to consider information that you believe is exempt from disclosure under the Freedom of Information Act (FOIA), a petition for confidential treatment of the exempt information may be submitted according to the procedures established in § 145.9 of the Commission’s regulations.1 The Commission reserves the right, but shall have no obligation, to review, pre-screen, filter, redact, refuse, or remove any or all of your submission from https://comments.cftc.gov that it may deem to be inappropriate for publication, such as obscene language. All submissions that have been redacted or removed that contain comments on the merits of the rulemaking will be retained in the public comment file and will be considered as required under the Administrative Procedure Act and other applicable laws, and may be accessible under the FOIA. FOR FURTHER INFORMATION CONTACT: Eileen A. Donovan, Deputy Director, (202) 418–5096, edonovan@cftc.gov; August A. Imholtz III, Special Counsel, (202) 418–5140, aimholtz@cftc.gov; or Gavin Young, Special Counsel, (202) 418–5976, gyoung@cftc.gov; Division of Clearing and Risk, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581; or Theodore Z. Polley III, Associate Director, (312) 596– 0551, tpolley@cftc.gov; Division of Clearing and Risk, Commodity Futures 1 17 CFR 145.9. VerDate Sep<11>2014 16:48 Feb 05, 2024 Jkt 262001 Trading Commission, 77 West Jackson Boulevard, Suite 800, Chicago, Illinois 60604. SELECTIVE SERVICE SYSTEM On January 3, 2024, the Commission published in the Federal Register an NPRM proposing amendments to its regulations that would ensure clearing member funds and assets receive the proper treatment in the event the derivatives clearing organization (DCO) enters bankruptcy by requiring, among other things, that clearing member funds be segregated from the DCO’s own funds and held in a depository that acknowledges in writing that the funds belong to clearing members, not the DCO.2 In addition, the Commission also proposed to permit DCOs to hold customer and clearing member funds at foreign central banks subject to certain requirements. Finally, the Commission proposed to require DCOs to conduct a daily calculation and reconciliation of the amount of funds owed to customers and clearing members and the amount actually held for customers and clearing members. The comment period for the NPRM was to close on February 16, 2024. In response to a request by commenters, the Commission is extending the comment period for this NPRM by an additional 31 days.3 This extension of the comment period will allow interested persons additional time to analyze the proposal and prepare their comments. RIN 3240–AA03 SUPPLEMENTARY INFORMATION: Issued in Washington, DC, on January 31, 2024, by the Commission. Robert Sidman, Deputy Secretary of the Commission. Note: The following appendix will not appear in the Code of Federal Regulations. Appendix to Protection of Clearing Member Funds Held by Derivatives Clearing Organizations—Commission Voting Summary On this matter, Chairman Behnam and Commissioners Johnson, Goldsmith Romero, Mersinger, and Pham voted in the affirmative. No Commissioner voted in the negative. [FR Doc. 2024–02234 Filed 2–5–24; 8:45 am] BILLING CODE 6351–01–P 2 Protection of Clearing Member Funds Held by Derivatives Clearing Organizations, 89 FR 286 (January 3, 2024). 3 Letter from Teo Floor, Chief Executive Officer, The Global Association of Central Counterparties, dated January 11, 2024. Available at https:// comments.cftc.gov/PublicComments/ ViewComment.aspx?id=73229. The requested extension was 30 days. The Commission is extending the comment period by 31 days to avoid having the extended closing date fall on a weekend. PO 00000 Frm 00030 Fmt 4702 Sfmt 4702 32 CFR Part 1662 Freedom of Information Act Regulations United States Selective Service System. ACTION: Proposed rule. AGENCY: The Selective Service System (SSS) proposes the following revisions to its Freedom of Information Act (FOIA) regulations to meet the requirements set forth in the Electronic Freedom of Information Act Amendments of 1996 (E–FOIA); the Openness Promotes Effectiveness requirement in the National Government Act of 2007 (the OPEN Government Act); and the FOIA Improvement Act of 2016 (FOIA Improvement Act). This proposed rule comprehensively updates the Agency’s FOIA regulations. DATES: Comments must be received 60 days from publication date. ADDRESSES: You may submit comments identified by docket number and/or Regulatory Information Number (RIN) number and title by email to federalregisterliaison@sss.gov, or by mail to: Selective Service System, Federal Register Liaison, 1501 Wilson Boulevard, Suite 700, Arlington, VA 22209. Instructions: All submissions received must include the Agency name and docket number or RIN for this Federal Register document. The general policy for comments and other submissions from members of the public is to make these submissions available for public viewing on the internet at https:// www.regulations.gov as they are received without change, including any personal identifiers or contact information. SUMMARY: Mr. Daniel A. Lauretano, Sr., General Counsel, 703–605–4012, dlauretano@ sss.gov. FOR FURTHER INFORMATION CONTACT: SUPPLEMENTARY INFORMATION: I. Background & Legal Basis for This Rule A. The Housekeeping Statute The Housekeeping Statute, 5 U.S.C. 301, authorizes agency heads to promulgate regulations governing ‘‘the custody, use, and preservation of its records, papers, and property.’’ The FOIA is a Federal statute that allows the public to request records from the Federal government. The FOIA provides E:\FR\FM\06FEP1.SGM 06FEP1

Agencies

[Federal Register Volume 89, Number 25 (Tuesday, February 6, 2024)]
[Proposed Rules]
[Pages 8111-8112]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-02234]


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COMMODITY FUTURES TRADING COMMISSION

17 CFR Part 39

RIN 3038-AF39


Protection of Clearing Member Funds Held by Derivatives Clearing 
Organizations

AGENCY: Commodity Futures Trading Commission.

ACTION: Extension of comment period.

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

SUMMARY: On January 3, 2024, the Commodity Futures Trading Commission 
(Commission) published, in the Federal Register, a notice of proposed 
rulemaking (NPRM) titled Protection of Clearing Member Funds Held by 
Derivatives Clearing Organizations. The comment period for the NPRM was 
to close on February 16, 2024. The Commission is extending the comment 
period for this NPRM by an additional 31 days.

DATES: The comment period for the NPRM titled Protection of Clearing 
Member Funds Held by Derivatives Clearing Organizations, published 
January 3, 2024 (89 FR 286), is

[[Page 8112]]

extended. Comments are due March 18, 2024.

ADDRESSES: You may submit comments, identified by RIN number 3038-AF39, 
by any of the following methods:
     CFTC Comments Portal: https://comments.cftc.gov. Select 
the ``Submit Comments'' link for this rulemaking and follow the 
instructions on the Public Comment Form.
     Mail: Send to Christopher Kirkpatrick, Secretary of the 
Commission, Commodity Futures Trading Commission, Three Lafayette 
Centre, 1155 21st Street NW, Washington, DC 20581.
     Hand Delivery/Courier: Follow the same instructions as for 
Mail, above.
    Please submit your comments using only one of these methods. 
Submissions through the CFTC Comments Portal are encouraged.
    All comments must be submitted in English, or if not, accompanied 
by an English translation. Comments will be posted as received to 
https://comments.cftc.gov. You should submit only information that you 
wish to make available publicly. If you wish the Commission to consider 
information that you believe is exempt from disclosure under the 
Freedom of Information Act (FOIA), a petition for confidential 
treatment of the exempt information may be submitted according to the 
procedures established in Sec.  145.9 of the Commission's 
regulations.\1\
---------------------------------------------------------------------------

    \1\ 17 CFR 145.9.
---------------------------------------------------------------------------

    The Commission reserves the right, but shall have no obligation, to 
review, pre-screen, filter, redact, refuse, or remove any or all of 
your submission from https://comments.cftc.gov that it may deem to be 
inappropriate for publication, such as obscene language. All 
submissions that have been redacted or removed that contain comments on 
the merits of the rulemaking will be retained in the public comment 
file and will be considered as required under the Administrative 
Procedure Act and other applicable laws, and may be accessible under 
the FOIA.

FOR FURTHER INFORMATION CONTACT: Eileen A. Donovan, Deputy Director, 
(202) 418-5096, [email protected]; August A. Imholtz III, Special 
Counsel, (202) 418-5140, [email protected]; or Gavin Young, Special 
Counsel, (202) 418-5976, [email protected]; Division of Clearing and 
Risk, Commodity Futures Trading Commission, Three Lafayette Centre, 
1155 21st Street NW, Washington, DC 20581; or Theodore Z. Polley III, 
Associate Director, (312) 596-0551, [email protected]; Division of 
Clearing and Risk, Commodity Futures Trading Commission, 77 West 
Jackson Boulevard, Suite 800, Chicago, Illinois 60604.

SUPPLEMENTARY INFORMATION: On January 3, 2024, the Commission published 
in the Federal Register an NPRM proposing amendments to its regulations 
that would ensure clearing member funds and assets receive the proper 
treatment in the event the derivatives clearing organization (DCO) 
enters bankruptcy by requiring, among other things, that clearing 
member funds be segregated from the DCO's own funds and held in a 
depository that acknowledges in writing that the funds belong to 
clearing members, not the DCO.\2\ In addition, the Commission also 
proposed to permit DCOs to hold customer and clearing member funds at 
foreign central banks subject to certain requirements. Finally, the 
Commission proposed to require DCOs to conduct a daily calculation and 
reconciliation of the amount of funds owed to customers and clearing 
members and the amount actually held for customers and clearing 
members. The comment period for the NPRM was to close on February 16, 
2024. In response to a request by commenters, the Commission is 
extending the comment period for this NPRM by an additional 31 days.\3\ 
This extension of the comment period will allow interested persons 
additional time to analyze the proposal and prepare their comments.
---------------------------------------------------------------------------

    \2\ Protection of Clearing Member Funds Held by Derivatives 
Clearing Organizations, 89 FR 286 (January 3, 2024).
    \3\ Letter from Teo Floor, Chief Executive Officer, The Global 
Association of Central Counterparties, dated January 11, 2024. 
Available at https://comments.cftc.gov/PublicComments/ViewComment.aspx?id=73229. The requested extension was 30 days. The 
Commission is extending the comment period by 31 days to avoid 
having the extended closing date fall on a weekend.

    Issued in Washington, DC, on January 31, 2024, by the 
Commission.
Robert Sidman,
Deputy Secretary of the Commission.

    Note: The following appendix will not appear in the Code of 
Federal Regulations.

Appendix to Protection of Clearing Member Funds Held by Derivatives 
Clearing Organizations--Commission Voting Summary

    On this matter, Chairman Behnam and Commissioners Johnson, 
Goldsmith Romero, Mersinger, and Pham voted in the affirmative. No 
Commissioner voted in the negative.

[FR Doc. 2024-02234 Filed 2-5-24; 8:45 am]
BILLING CODE 6351-01-P
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