Publication of the List of Areas of Northeast and Northwest Syria in Which Activities Are Authorized by 31 CFR 542.533, 48309-48310 [2024-12309]
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Federal Register / Vol. 89, No. 110 / Thursday, June 6, 2024 / Rules and Regulations
assumptions prescribed in §§ 4044.51
through 4044.58 of this chapter with the
following modifications:
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(2) The mortality assumption is the
mortality table in § 4044.53(h) of this
chapter.
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(4) The interest assumption is the
assumption for valuing benefits under
§ 4044.54 of this chapter applicable to
valuations occurring on December 31 of
the calendar year preceding the calendar
year in which the benefit determination
date occurs. However, for benefit
determination dates July 31 through
December 31 of 2024, the interest
assumption is the assumption for
valuing benefits under § 4044.54 of this
chapter applicable to valuations
occurring on July 31, 2024.
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(7) Notwithstanding the expected
retirement age (XRA) assumptions in
§§ 4044.55 through 4044.58 of this
chapter—
(i) In the case of a participant who is
not in pay status and whose normal
retirement date is on or after the benefit
determination date, benefits are
assumed to commence at the XRA,
determined using the high retirement
rate category under table II–C (Expected
Retirement Ages for Individuals in the
High Category) in § 4044.58 of this
chapter;
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■ 29. Amend § 4050.302 by revising the
introductory text and paragraphs (2), (4),
(7) introductory text, and (7)(i) of the
definition of PBGC missing participants
assumptions to read as follows:
§ 4050.302
Definitions.
lotter on DSK11XQN23PROD with RULES1
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PBGC missing participants
assumptions means the actuarial
assumptions prescribed in §§ 4044.51
through 4044.58 of this chapter with the
following modifications:
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*
*
*
(2) The mortality assumption is the
mortality table in § 4044.53(h) of this
chapter.
*
*
*
*
*
(4) The interest assumption is the
assumption for valuing benefits under
§ 4044.54 of this chapter applicable to
valuations occurring on December 31 of
the calendar year preceding the calendar
year in which the benefit determination
date occurs. However, for benefit
determination dates July 31 through
December 31 of 2024, the interest
assumption is the assumption for
valuing benefits under § 4044.54 of this
VerDate Sep<11>2014
16:29 Jun 05, 2024
Jkt 262001
chapter applicable to valuations
occurring on July 31, 2024.
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(7) Notwithstanding the expected
retirement age (XRA) assumptions in
§§ 4044.55 through 4044.58 of this
chapter—
(i) In the case of a participant who is
not in pay status and whose normal
retirement date is on or after the benefit
determination date, benefits are
assumed to commence at the XRA,
determined using the high retirement
rate category under table II–C (Expected
Retirement Ages for Individuals in the
High Category) in § 4044.58 of this
chapter;
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*
30. Amend § 4050.402 by revising the
introductory text and paragraphs (2), (4),
(7) introductory text, and (7)(i) of the
definition of PBGC missing participants
assumptions to read as follows:
■
§ 4050.402
Definitions.
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PBGC missing participants
assumptions means the actuarial
assumptions prescribed in §§ 4044.51
through 4044.58 of this chapter with the
following modifications:
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*
(2) The mortality assumption is the
mortality table in § 4044.53(h) of this
chapter.
*
*
*
*
*
(4) The interest assumption is the
assumption for valuing benefits under
§ 4044.54 of this chapter applicable to
valuations occurring on December 31 of
the calendar year preceding the calendar
year in which the benefit determination
date occurs. However, for benefit
determination dates July 31 through
December 31 of 2024, the interest
assumption is the assumption for
valuing benefits under § 4044.54 of this
chapter applicable to valuations
occurring on July 31, 2024.
*
*
*
*
*
(7) Notwithstanding the expected
retirement age (XRA) assumptions in
§§ 4044.55 through 4044.58 of this
chapter—
(i) In the case of a participant who is
not in pay status and whose normal
retirement date is on or after the benefit
determination date, benefits are
assumed to commence at the XRA,
determined using the high retirement
rate category under table II–C (Expected
Retirement Ages for Individuals in the
High Category) in § 4044.58 of this
chapter;
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48309
PART 4262—SPECIAL FINANCIAL
ASSISTANCE BY PBGC
31. The authority citation for part
4262 continues to read as follows:
■
Authority: 29 U.S.C. 1302(b)(3), 1432.
§ 4262.16
[Amended]
32. Amend § 4262.16 in paragraphs
(f)(3)(iv), (g)(1) introductory text, and
(h)(1)(ii) by removing the words ‘‘in
appendix B to part 4044’’ and adding in
its place the words ‘‘under § 4044.54’’.
■
PART 4281—DUTIES OF PLAN
SPONSOR FOLLOWING MASS
WITHDRAWAL
33. The authority citation for part
4281 continues to read as follows:
■
Authority: 29 U.S.C. 1302(b)(3), 1341(a),
1399(c)(1)(D), 1431, and 1441.
34. Amend § 4281.13 by revising
paragraphs (a) and (e) to read as follows:
■
§ 4281.13
general.
Benefit valuation methods—in
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(a) Using the interest assumptions
under § 4044.54 of this chapter;
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(e) Adjusting the values to reflect the
loading for expenses in accordance with
§ 4044.52(d) of this chapter (substituting
the term ‘‘benefits’’ for the term ‘‘benefit
liabilities (as defined in 29 U.S.C.
1301(a)(16))’’).
Signed in Washington, DC.
Ann Y. Orr,
Acting Director, Pension Benefit Guaranty
Corporation.
[FR Doc. 2024–11819 Filed 6–5–24; 8:45 am]
BILLING CODE 7709–02–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 542
Publication of the List of Areas of
Northeast and Northwest Syria in
Which Activities Are Authorized by 31
CFR 542.533
Office of Foreign Assets
Control, Treasury.
ACTION: Publication of a list of areas of
northwest and northeast Syria in which
activities are authorized by a general
license in the Syrian Sanctions
Regulations.
AGENCY:
The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing a list of
areas of northeast and northwest Syria
SUMMARY:
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48310
Federal Register / Vol. 89, No. 110 / Thursday, June 6, 2024 / Rules and Regulations
in which activities are authorized under
a general license (GL) issued pursuant to
the Syrian Sanctions Regulations. The
list of areas of northeast and northwest
Syria previously existed as an annex to
GL 22 (the ‘‘List’’), which was
previously made available on OFAC’s
website.
DATES:
This list is effective June 6, 2024.
FOR FURTHER INFORMATION CONTACT:
OFAC: Assistant Director for Licensing,
202–622–2480; Assistant Director for
Regulatory Affairs, 202–622–4855; or
Assistant Director for Compliance, 202–
622–2490.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional
information concerning OFAC is
available on OFAC’s website (https://
ofac.treasury.gov).
Background
On May 12, 2022, OFAC, in
consultation with the Department of
State, issued GL 22 to authorize certain
transactions otherwise prohibited by the
Syrian Sanctions Regulations, 31 CFR
part 542 (the ‘‘Regulations’’). GL 22 was
made available on OFAC’s website
(https://ofac.treasury.gov) when it was
issued. OFAC subsequently published
GL 22 in the Federal Register (88 FR
25278, April 28, 2023). GL 22 includes
an annex listing the areas of northwest
and northeast Syria in which activities
are authorized under GL 22.
On June 6, 2024, OFAC, in
consultation with the Department of
State, amended the Regulations to
include additional interpretive and
definitional guidance, general licenses,
and other regulatory provisions that will
provide further guidance to the public.
As part of this regulatory amendment,
OFAC incorporated GL 22 into the
Regulations as § 542.533. OFAC is now
publishing the annex to GL 22 as the
List in the Federal Register. The text of
the List is provided below.
lotter on DSK11XQN23PROD with RULES1
List of Areas of Northeast and
Northwest Syria in Which Activities are
Authorized by 31 CFR 542.533
The areas of northeast and northwest
Syria in which activities are authorized
by 31 CFR 542.533, subject to
conditions in paragraph (c) of 31 CFR
542.533, including the exclusion of
transactions involving the Government
of Syria, are:
(a) Halab (Aleppo) Governorate
(1) Manbij District, excluding the
following subdistricts:
(i) Khafsah subdistrict
(ii) Maskanah subdistrict
(2) Al Bab District, excluding the
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following subdistricts:
(i) Tadif subdistrict
(ii) Dayr Hafir subdistrict
(iii) Rasm Harmal al Imam subdistrict
(iv) Kuwayris Sharqi subdistrict
(3) Ayn Al Arab District
(4) I’zaz District, excluding the
following subdistricts:
(i) Tall Rif’at subdistrict
(ii) Nubl subdistrict
(5) Jarabulus District
(b) Ar Raqqah Governorate
(1) Markaz ar Raqqah District,
excluding the following
subdistricts:
(i) Ma’dan subdistrict
(2) Tall Abyad District
(3) Ath Thawrah District, excluding
the following subdistricts:
(i) Al Mansurah subdistrict
(c) Dayr az Zawr Governorate
(1) Markaz Dayr az Zawr District,
excluding areas west of the
Euphrates in the following
subdistricts:
(i) Markaz Dayr as Zawr subdistrict
(ii) At Tibni subdistrict
(iii) Muhasan subdistrict
(iv) Khusham subdistrict
(2) Al Mayadin District, excluding
areas west of the Euphrates in the
following subdistricts:
(i) Markaz al Mayadin subdistrict
(ii) Asharah subdistrict
(3) Albu Kamal District, excluding
areas west of the Euphrates in the
following subdistricts:
(i) Markaz Albu Kamal subdistrict
(ii) Al Jala subdistrict
(d) Al Hasakah Governorate
(1) Markaz al Hasakah District
(2) Al Malikiyah District
(3) Al Qamishli District
(4) Ra’s al Ayn District
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024–12309 Filed 6–5–24; 8:45 am]
BILLING CODE 4810–AL–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 542
Syrian Sanctions Regulations
Office of Foreign Assets
Control, Treasury.
ACTION: Final rule.
AGENCY:
The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is adopting a final rule
amending the Syrian Sanctions
Regulations to, among other things,
implement the relevant provisions of a
May 1, 2012 Executive order regarding
SUMMARY:
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foreign sanctions evaders with respect
to Syria and Iran, and certain provisions
of the Iran Threat Reduction and Syria
Human Rights Act of 2012, the
Countering America’s Adversaries
Through Sanctions Act, and the Caesar
Syria Civilian Protection Act of 2019. In
addition to new prohibitions, OFAC is
adding several relevant definitions and
interpretations and one new general
license. OFAC is also incorporating,
with amendments, one general license,
which has until now appeared only on
OFAC’s website, and updating six
general licenses.
DATES: This rule is effective June 6,
2024.
FOR FURTHER INFORMATION CONTACT:
OFAC: Assistant Director for Licensing,
202–622–2480; Assistant Director for
Regulatory Affairs, 202–622–4855; or
Assistant Director for Compliance, 202–
622–2490.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional
information concerning OFAC are
available on OFAC’s website: https://
ofac.treasury.gov.
Background
On April 5, 2005, OFAC issued the
Syrian Sanctions Regulations, 31 CFR
part 542 (70 FR 17201, April 5, 2005)
(the ‘‘Regulations’’), to implement
Executive Order (E.O.) 13338 of May 11,
2004, ‘‘Blocking Property of Certain
Persons and Prohibiting the Export of
Certain Goods to Syria’’ (69 FR 26751,
May 13, 2004), pursuant to authorities
delegated to the Secretary of the
Treasury in E.O. 13338. The Regulations
were initially issued in abbreviated form
for the purpose of providing immediate
guidance to the public. On May 2, 2014,
OFAC reissued the Regulations in their
entirety (79 FR 25414, May 2, 2014),
and, among other things, implemented
E.O. 13399 of April 25, 2006 (‘‘Blocking
Property of Additional Persons in
Connection With the National
Emergency With Respect to Syria’’) (71
FR 25059, April 28, 2006), E.O. 13460
of February 13, 2008 (‘‘Blocking
Property of Additional Persons in
Connection With the National
Emergency With Respect to Syria’’) (73
FR 8991, February 15, 2008), E.O. 13572
of April 29, 2011 (‘‘Blocking Property of
Certain Persons With Respect to Human
Rights Abuses in Syria’’) (76 FR 24787,
May 3, 2011), E.O. 13573 of May 18,
2011 (‘‘Blocking Property of Senior
Officials of the Government of Syria ’’)
(76 FR 29143, May 20, 2011), E.O. 13582
of August 17, 2011 (‘‘Blocking Property
of the Government of Syria and
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]]>Agencies
[Federal Register Volume 89, Number 110 (Thursday, June 6, 2024)]
[Rules and Regulations]
[Pages 48309-48310]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-12309]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 542
Publication of the List of Areas of Northeast and Northwest Syria
in Which Activities Are Authorized by 31 CFR 542.533
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Publication of a list of areas of northwest and northeast Syria
in which activities are authorized by a general license in the Syrian
Sanctions Regulations.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is publishing a list of areas of northeast and northwest
Syria
[[Page 48310]]
in which activities are authorized under a general license (GL) issued
pursuant to the Syrian Sanctions Regulations. The list of areas of
northeast and northwest Syria previously existed as an annex to GL 22
(the ``List''), which was previously made available on OFAC's website.
DATES: This list is effective June 6, 2024.
FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for
Licensing, 202-622-2480; Assistant Director for Regulatory Affairs,
202-622-4855; or Assistant Director for Compliance, 202-622-2490.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional information concerning OFAC is
available on OFAC's website (https://ofac.treasury.gov).
Background
On May 12, 2022, OFAC, in consultation with the Department of
State, issued GL 22 to authorize certain transactions otherwise
prohibited by the Syrian Sanctions Regulations, 31 CFR part 542 (the
``Regulations''). GL 22 was made available on OFAC's website (https://ofac.treasury.gov) when it was issued. OFAC subsequently published GL
22 in the Federal Register (88 FR 25278, April 28, 2023). GL 22
includes an annex listing the areas of northwest and northeast Syria in
which activities are authorized under GL 22.
On June 6, 2024, OFAC, in consultation with the Department of
State, amended the Regulations to include additional interpretive and
definitional guidance, general licenses, and other regulatory
provisions that will provide further guidance to the public. As part of
this regulatory amendment, OFAC incorporated GL 22 into the Regulations
as Sec. 542.533. OFAC is now publishing the annex to GL 22 as the List
in the Federal Register. The text of the List is provided below.
List of Areas of Northeast and Northwest Syria in Which Activities are
Authorized by 31 CFR 542.533
The areas of northeast and northwest Syria in which activities are
authorized by 31 CFR 542.533, subject to conditions in paragraph (c) of
31 CFR 542.533, including the exclusion of transactions involving the
Government of Syria, are:
(a) Halab (Aleppo) Governorate
(1) Manbij District, excluding the following subdistricts:
(i) Khafsah subdistrict
(ii) Maskanah subdistrict
(2) Al Bab District, excluding the following subdistricts:
(i) Tadif subdistrict
(ii) Dayr Hafir subdistrict
(iii) Rasm Harmal al Imam subdistrict
(iv) Kuwayris Sharqi subdistrict
(3) Ayn Al Arab District
(4) I'zaz District, excluding the following subdistricts:
(i) Tall Rif'at subdistrict
(ii) Nubl subdistrict
(5) Jarabulus District
(b) Ar Raqqah Governorate
(1) Markaz ar Raqqah District, excluding the following
subdistricts:
(i) Ma'dan subdistrict
(2) Tall Abyad District
(3) Ath Thawrah District, excluding the following subdistricts:
(i) Al Mansurah subdistrict
(c) Dayr az Zawr Governorate
(1) Markaz Dayr az Zawr District, excluding areas west of the
Euphrates in the following subdistricts:
(i) Markaz Dayr as Zawr subdistrict
(ii) At Tibni subdistrict
(iii) Muhasan subdistrict
(iv) Khusham subdistrict
(2) Al Mayadin District, excluding areas west of the Euphrates in
the following subdistricts:
(i) Markaz al Mayadin subdistrict
(ii) Asharah subdistrict
(3) Albu Kamal District, excluding areas west of the Euphrates in
the following subdistricts:
(i) Markaz Albu Kamal subdistrict
(ii) Al Jala subdistrict
(d) Al Hasakah Governorate
(1) Markaz al Hasakah District
(2) Al Malikiyah District
(3) Al Qamishli District
(4) Ra's al Ayn District
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024-12309 Filed 6-5-24; 8:45 am]
BILLING CODE 4810-AL-P
