[Federal Register Volume 82, Number 65 (Thursday, April 6, 2017)]
[Notices]
[Page 16819]
[FR Doc No: 2017-06835]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. CP16-10-000; Docket No. CP16-13-000]

Mountain Valley Pipeline LLC; Equitrans LP; Notice of Revised
Schedule for Environmental Review of the Mountain Valley Project and
the Equitrans Expansion Project

    This notice identifies the Federal Energy Regulatory Commission
staff's revised schedule for the completion of the environmental impact
statement (EIS) for Mountain Valley Pipeline LLC's (Mountain Valley)
Mountain Valley Project and Equitrans LP's (Equitrans) Equitrans
Expansion Project. The first notice of schedule, issued on June 28,
2016, identified a final EIS date of March 10, 2017. However, in
response to comments on the draft EIS issued September 16, 2016 (with a
comment closing date of December 22, 2016), staff produced several
environmental information requests sent to Mountain Valley and
Equitrans in January and March, 2017, and only recently received
information necessary for us to complete our environmental review. As a
result, staff has revised the schedule for issuance of the final EIS.

Schedule for Environmental Review

Issuance of Notice of Availability of the final EIS--June 23, 2017
90-day Federal Authorization Decision Deadline--September 21, 2017
    If a schedule change becomes necessary, an additional notice will
be provided so that the relevant agencies are kept informed of the
project's progress.

Additional Information

    In order to receive notification of the issuance of the final EIS
and to keep track of all formal issuances and submittals in specific
dockets, the Commission offers a free service called eSubscription
(http://www.ferc.gov/docs-filing/esubscription.asp).

    Dated: March 31, 2017.
Kimberly D. Bose,
 Secretary.
[FR Doc. 2017-06835 Filed 4-5-17; 8:45 am]
 BILLING CODE 6717-01-P


June 2, 2004 MEMORANDUM From: William H. Maxwell CG/ ESD ( C439 01)

To: Utility MACT Project Files Subject: Meeting with EPRI and Charles River Associates ( CRA), June 2, 2004 Attendees EPRI/ CRA: John Novak, EPRI Leonard Levin, EPRI Anne Smith, CRA EPA: Jeff Holmstead, OAR/ OD Don Zinger, OAR/ OD Chitra Kumar, OAR/ OD Ellen Brown, OAR/ OPAR Stephanie Daigle, OPEI Jessica Furey, OPEI Meghan McGuinness, OAR Ann Johnson, OPEI Alex Cristofaro, OPEI Robert J. Wayland, OAR/ OAQPS/ ESD/ CG ( by telephone) Bill Maxwell, OAR/ OAQPS/ ESD/ CG ( by telephone)

Discussion The attached materials were discussed.

Attachments KeySpan Northport Unit 3 B 385MW Combustion Engineering Oil/ Gas Fired Unit Background _ In Service date 1977  Tangentially fired originally 100% oil fired ( never coal) B gas capability added in 2002 _ Built with an ESP designed for 3% sulfur oil firing _ Cycling operation _ Dual exhaust ducts Electrostatic Precipitator ( ESP)

_ Standard plate and wire full exhaust flow design _ Dual ducted ( North/ South) design exiting into single stack _ 16 modules B 8 per half 2002 3 Maintenance Project  $ 4 million _ Replaced emitter wires with rigid electrode design _ Improved vibrators _ Upgraded voltage control system _ New Collector plates _ Other maintenance Nickel testing Feb. 10 11, 2004 North Half ESP l Concentration rth ESP inlet rth ESP Outlet ESP Removal Nickel ( lbs/ TBTU) 1423 605.8 389.5 36%

South Half ESP l Concentration uth ESP Inlet uth ESP Outlet ESP Removal Nickel ( lbs/ TBTU) 1423 561 864.3 Anomalous ( 1)

( 6) 4 ESP south side modules O/ S on test day ! Significant retention of Nickel in bottom ash B 60% reduction prior to ESP inlet ! Ni concentration in oil = 26ppm ! Average outlet PM = 0.028 B 0.034 lbs/ mmBTU  ( limit is 0.1 lbs/ mmbtu)

! North side PM removal efficiency approx. 50%

Conclusion Disregarding South side equipment problems, North side removal of Nickel significantly above proposed 210 lb/ TBTU standard. Proposed limit not achievable.


[Federal Register Volume 84, Number 177 (Thursday, September 12, 2019)]
[Notices]
[Pages 48201-48202]
[FR Doc No: 2019-19706]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-86892; File No. SR-CBOE-2019-054]

Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of
Filing and Immediate Effectiveness of a Proposed Rule Change Relating
to the Dissemination of End-of-Day Indicative Values Via the Options
Price Reporting Authority

 September 6, 2019.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that
on August 29, 2019, Cboe Exchange, Inc. (the ``Exchange'' or ``Cboe
Options'') filed with the Securities and Exchange Commission (the
``Commission'') the proposed rule change as described in Items I, II,
and III below, which Items have been prepared by the Exchange. The
Exchange filed the proposal as a ``non-controversial'' proposed rule
change pursuant to Section 19(b)(3)(A)(iii) of the Act \3\ and Rule
19b-4(f)(6) thereunder.\4\ The Commission is publishing this notice to
solicit comments on the proposed rule change from interested persons.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \4\ 17 CFR 240.19b-4(f)(6).
---------------------------------------------------------------------------

I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    Cboe Exchange, Inc. (the ``Exchange'' or ``Cboe Options'') proposes
that the dissemination of end-of-day indicative values via the Options
Price Reporting Authority (``OPRA'') will not be discontinued pursuant
to SR-CBOE-2019-046.
    The text of the proposed rule change is also available on the
Exchange's website (http://www.cboe.com/AboutCBOE/CBOELegalRegulatoryHome.aspx), at the Exchange's Office of the
Secretary, and at the Commission's Public Reference Room.

II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change

    In its filing with the Commission, the Exchange included statements
concerning the purpose of and basis for the proposed rule change and
discussed any comments it received on the proposed rule change. The
text of these statements may be examined at the places specified in
Item IV below. The Exchange has prepared summaries, set forth in
sections A, B, and C below, of the most significant aspects of such
statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change

1. Purpose
    On August 12, 2019, the Exchange filed a rule filing, SR-CBOE-2019-
046, which, amended Exchange Rules in connection with end-of-month
(``EOM'') and end-of-day (``EOD'') indicative values.\5\ Pursuant to
SR-CBOE-2019-046, which will be effective on October 7, 2019, the
Exchange stated that it would discontinue the dissemination of
indicative values via OPRA. In addition to this, the proposed change
under SR-CBOE-2019-046 provides that the Exchange will make indicative
values publicly available, e.g., on its website. The Exchange, however,
has determined that it will continue the dissemination of indicative
values via OPRA while also making such values publicly available. The
Exchange notes that this will not impact the manner in which the EOD
indicative values rule will function pursuant to SR-CBOE-2019-046, nor
alter the free access market participants will have to the indicative
values made publicly available pursuant to the proposed rule. This
update is merely intended to continue to allow the dissemination of
indicative values via OPRA in the same manner they are currently
disseminated and made available to current OPRA subscribers. The
indicative values disseminated via OPRA will continue to be clearly
marked with an ``I'' indicator to distinguish them as indicative
values, and not a quote or last sale. In order to coincide with the
effective date of SR-CBOE-2019 and the migration of the Exchange's
trading platform to the same system used by the Cboe Affiliated
Exchanges,\6\ the Exchange also intends to implement this proposed rule
change on October 7, 2019.
---------------------------------------------------------------------------

    \5\ See SR-CBOE-2019-046 (August 12, 2019).
    \6\ In 2016, the Exchange's parent company, Cboe Global Markets,
Inc. (formerly named CBOE Holdings, Inc.) (``Cboe Global''), which
is also the parent company of Cboe C2 Exchange, Inc. (``C2''),
acquired Cboe EDGA Exchange, Inc. (``EDGA''), Cboe EDGX Exchange,
Inc. (``EDGX'' or ``EDGX Options''), Cboe BZX Exchange, Inc.
(``BZX'' or ``BZX Options''), and Cboe BYX Exchange, Inc. (``BYX''
and, together with Cboe Options, C2, EDGX, EDGA, and BZX, the ``Cboe
Affiliated Exchanges'').
---------------------------------------------------------------------------

2. Statutory Basis
    The Exchange believes the proposed rule change is consistent with
the Securities Exchange Act of 1934 (the ``Act'') and the rules and
regulations thereunder applicable to the Exchange and, in particular,
the requirements of Section 6(b) of the Act.\7\ Specifically, the
Exchange believes the proposed rule change is consistent with the
Section 6(b)(5) \8\ requirements that the rules of an exchange be
designed to prevent fraudulent and manipulative acts and practices, to
promote just and equitable principles of trade, to foster cooperation
and coordination with persons engaged in regulating, clearing,
settling, processing information with respect to, and facilitating
transactions in securities, to remove impediments to and perfect the
mechanism of a free and open market and a national market system, and,
in general, to protect investors and the public interest. Additionally,
the Exchange believes the proposed rule change is consistent with the
Section 6(b)(5) \9\ requirement that the rules of an exchange not be
designed to permit unfair discrimination between customers, issuers,
brokers, or dealers.
---------------------------------------------------------------------------

    \7\ 15 U.S.C. 78f(b).
    \8\ 15 U.S.C. 78f(b)(5).
    \9\ Id.
---------------------------------------------------------------------------

    The proposed rule change is merely continuing the dissemination of
indicative values via OPRA, without altering the proposed rule under
SR-CBOE-2019-046 that the indicative values data will also be made
publicly available, e.g., on the Exchange's website. This will proposed
amendment will not impact the manner in which the proposed rule
pursuant to SR-CBOE-2019-046 will function nor the public access that
market participants will have to indicative values, but will merely
allow indicative values to continue to be disseminated via OPRA, a
process which market participants are already familiar with and for
which many already subscribe. Thus, continuing the dissemination of
indicative values via OPRA with not impact market participants as it
will continue to allow OPRA to disseminate

indicative values to market participants that already subscribe to
their data or wish to subscribe. Moreover, the indicative values
disseminated via OPRA will continue to be clearly marked with an ``I''
indicator to distinguish them as indicative values, and not a quote or
last sale, thereby protecting investors. As a result of the above, the
proposed amendment serves to protect investors by fostering
coordination with persons engaged in the processing of information with
respect to securities and removing impediments to and perfecting the
mechanism of a free and open market and a national market system.

B. Self-Regulatory Organization's Statement on Burden on Competition

    The Exchange does not believe that the proposed change will impose
any burden on competition that is not necessary or appropriate in
furtherance of the purposes of the Act. The proposed amendment to
continue the dissemination of indicative values via OPRA, rather than
discontinue them under SR-CBOE-2019-046 (effective October 7, 2019), is
merely allowing a dissemination process currently in place to continue,
thus allowing for market participants who currently subscribe to OPRA
data to continue to receive such values through OPRA after October 7,
2019. As this is a process currently in place, the Exchange believes
this proposed filing to allow for its continuation will have no impact
on competition.

C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others

    The Exchange neither solicited nor received comments on the
proposed rule change.

III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action

    The Exchange has designated this rule filing as non-controversial
under Section 19(b)(3)(A) \10\ of the Act and Rule 19b-4(f)(6) \11\
thereunder. Because the proposed rule change does not: (i)
Significantly affect the protection of investors or the public
interest; (ii) impose any significant burden on competition; and (iii)
become operative for 30 days from the date on which it was filed, or
such shorter time as the Commission may designate, it has become
effective pursuant to Section 19(b)(3)(A) of the Act and Rule 19b-
4(f)(6) thereunder.
---------------------------------------------------------------------------

    \10\ 15 U.S.C. 78s(b)(3)(A).
    \11\ 17 CFR 240.19b-4(f)(6).
---------------------------------------------------------------------------

    At any time within 60 days of the filing of the proposed rule
change, the Commission summarily may temporarily suspend such rule
change if it appears to the Commission that such action is necessary or
appropriate in the public interest, for the protection of investors, or
otherwise in furtherance of the purposes of the Act. If the Commission
takes such action, the Commission shall institute proceedings under
Section 19(b)(2)(B) \12\ of the Act to determine whether the proposed
rule change should be approved or disapproved.
---------------------------------------------------------------------------

    \12\ 15 U.S.C. 78s(b)(2)(B).
---------------------------------------------------------------------------

IV. Solicitation of Comments

    Interested persons are invited to submit written data, views, and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:

Electronic Comments

     Use the Commission's internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an email to<EMAIL_ADDRESS>Please include
File Number SR-CBOE-2019-054 on the subject line.

Paper Comments

     Send paper comments in triplicate to the Secretary,
Securities and Exchange Commission, 100 F Street NE, Washington, DC
20549-1090.

All submissions should refer to File Number SR-CBOE-2019-054. This file
number should be included on the subject line if email is used. To help
the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's internet website (http://www.sec.gov/rules/sro.shtml).
Copies of the submission, all subsequent amendments, all written
statements with respect to the proposed rule change that are filed with
the Commission, and all written communications relating to the proposed
rule change between the Commission and any person, other than those
that may be withheld from the public in accordance with the provisions
of 5 U.S.C. 552, will be available for website 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. Copies of the filing also will be available for inspection
and copying at the principal office of the Exchange. All comments
received will be posted without change. Persons submitting comments are
cautioned that we do not redact or edit personal identifying
information from comment submissions. You should submit only
information that you wish to make available publicly. All submissions
should refer to File Number SR-CBOE-2019-054 and should be submitted on
or before October 3, 2019.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\13\
---------------------------------------------------------------------------

    \13\ 17 CFR 200.30-3(a)(12).
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Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019-19706 Filed 9-11-19; 8:45 am]
 BILLING CODE 8011-01-P


8302; 7 U.S.C. 2(c)(2)(E); 12 U.S.C. 5221(e)(3); 18 U.S.C. 1350;
Pub. L. 111-203, 939A, 124 Stat. 1376 (2010); and Pub. L. 112-106,
sec. 503 and 602, 126 Stat. 326 (2012), unless otherwise noted.
* * * * *
    Section 240.17Ad-22 is also issued under 12 U.S.C. 5461 et seq.
* * * * *

0
2. Amend Sec.  240.17Ad-22 by revising paragraphs (a)(3), (5), and (16)
to read as follows:

Sec.  240.17Ad-22   Standards for clearing agencies.

    (a) * * *
    (3) Central securities depository means a clearing agency that is a
securities depository as described in Section 3(a)(23)(A) of the Act
(15 U.S.C. 78c(a)(23)(A)).
* * * * *
    (5) Covered clearing agency means a registered clearing agency that
provides the services of a central counterparty or central securities
depository.
* * * * *
    (16) Sensitivity analysis means an analysis that involves analyzing
the sensitivity of a model to its assumptions, parameters, and inputs
that:
    (i) Considers the impact on the model of both moderate and extreme
changes in a wide range of inputs, parameters, and assumptions,
including correlations of price movements or returns if relevant, which
reflect a variety of historical and hypothetical market conditions;
    (ii) Uses actual portfolios and, where applicable, hypothetical
portfolios that reflect the characteristics of proprietary positions
and customer positions;
    (iii) Considers the most volatile relevant periods, where
practical, that have been experienced by the markets served by the
clearing agency; and
    (iv) Tests the sensitivity of the model to stressed market
conditions, including the market conditions that may ensue after the
default of a member and other extreme but plausible conditions as
defined in a covered clearing agency's risk policies.
* * * * *

    By the Commission.

    Dated: April 9, 2020.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2020-07905 Filed 5-13-20; 8:45 am]
 BILLING CODE 8011-01-P


[Federal Register Volume 85, Number 58 (Wednesday, March 25, 2020)]
[Notices]
[Pages 16985-16987]
[FR Doc No: 2020-06191]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-88427; File No. SR-LTSE-2020-07]

Self-Regulatory Organizations; Long-Term Stock Exchange, Inc.;
Notice of Filing and Immediate Effectiveness of a Proposed Rule Change
Amending Rule 11.280 Concerning the Resumption of Trading Following a
Level 3 Market-Wide Circuit Breaker Halt

March 19, 2020.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given
that on March 19, 2020, Long-Term Stock Exchange (``LTSE'' or the
``Exchange'') filed with the Securities and Exchange Commission (the
``Commission'') the proposed rule change as described in Items I and II
below, which Items have been prepared by the self-regulatory
organization. The Commission is publishing this notice to solicit
comments on the proposed rule change from interested persons.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------

I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    LTSE proposes a rule change to amend Rule 11.280 concerning the
resumption of trading following a Level 3 market-wide circuit breaker
halt.
    The text of the proposed rule change is available at the Exchange's
website at https://longtermstockexchange.com/, at the principal office
of the Exchange, and at the Commission's Public Reference Room.

II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change

    In its filing with the Commission, the self-regulatory organization
included statements concerning the purpose of and basis for the
proposed rule change and discussed any comments it received on the
proposed rule change. The text of these statements may be examined at
the places specified in Item IV below. The self-regulatory organization
has prepared summaries, set forth in Sections A, B, and C below, of the
most significant aspects of such statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change

1. Purpose
    The Exchange proposes to amend Rule 11.280 concerning the
resumption of trading following a Level 3 market-wide circuit breaker
halt. The Exchange is proposing this rule change in conjunction with
other national securities exchanges and the Financial Industry
Regulatory Authority (``FINRA'').
    Rule 11.280 provides a methodology for determining when to halt
trading in all stocks due to extraordinary market volatility (i.e.,
market-wide circuit breakers). The market-wide circuit breaker under
Rule 11.280 provides an important, automatic mechanism that is invoked
to promote stability and investor confidence during a period of
significant stress when securities markets experience extreme broad-
based declines. All U.S. equity exchanges and FINRA adopted uniform
rules on a pilot basis relating to market-wide circuit breakers
(``MWCB'') in 2012 (``MWCB Rules''), which are designed to slow the
effects of extreme price movement through coordinated trading halts
across securities markets when severe price declines reach levels that
may exhaust market liquidity.\3\ Market-wide circuit breakers provide
for trading halts in all equities and options markets during a severe
market decline as measured by a single-day decline in the S&P 500
Index.
---------------------------------------------------------------------------

    \3\ See Securities Exchange Act Release No. 67090 (May 31,
2012), 77 FR 33531 (June 6, 2012) (SR-BATS-2011-038; SR-BYX-2011-
025; SR-BX-2011-068; SR-CBOE-2011-087; SR-C2-2011-024; SR-CHX-2011-
30; SR-EDGA-2011-31; SR-EDGX-2011-30; SR-FINRA-2011-054; SR-ISE-
2011-61; SR-NASDAQ-2011-131; SR-NSX-2011-11; SR-NYSE-2011-48; SR-
NYSEAmex-2011-73; SR-NYSEArca-2011-68; SR-Phlx-2011-129) (``MWCB
Approval Order'').
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    Pursuant to Rule 11.280, a market-wide trading halt will be
triggered if the S&P 500 Index declines in price by specified
percentages from the prior day's closing price of that index.
Currently, the triggers are set at three circuit breaker thresholds: 7%
(Level 1), 13% (Level 2), and 20% (Level 3). A market decline that
triggers a Level 1 or Level 2 halt after 9:30 a.m. ET and before 3:25
p.m. ET would halt market-wide trading for 15 minutes, while a similar
market decline at or after 3:25 p.m. ET would not halt market-wide
trading. A market decline that triggers a Level 3 halt at any time
during the trading day would halt market-wide trading until the primary
listing market opens the next trading day.

    Today, in the event that a Level 3 market decline occurs, the
Exchange would halt trading for the remainder of the trading day, and
would not resume until the primary listing market opens the next
trading day. On the next trading day, the Exchange would remain closed
for all symbols until the primary listing market opens the next trading
day.\4\
---------------------------------------------------------------------------

    \4\ See LTSE Rule 11.280(b)(2).
---------------------------------------------------------------------------

    Upon feedback from industry participants, the Exchange has been
working with other national securities exchanges and FINRA to establish
a standardized approach for resuming trading in all NMS Stocks
following a Level 3 halt. The proposed approach would allow for the
opening of all securities the next trading day after a Level 3 halt as
a regular trading day, and is designed to ensure that Level 3 MWCB
events are handled in a more consistent manner that is transparent for
market participants.\5\
---------------------------------------------------------------------------

    \5\ Of note, the U.S. futures markets, which have similar rules
for coordinated MWCB halts, normally begin their ``next day''
trading session at 6:00 p.m. ET (for CFE and CME) or at 8:00 p.m. ET
(for ICE). If the U.S. futures markets amend their MWCB rules, as
needed, to allow for normal course trading following a Level 3 halt,
the futures markets would resume trading in their normal course at
6:00 p.m. ET (CFE and CME) or 8:00 p.m. ET (ICE) the same day as the
Level 3 halt.
---------------------------------------------------------------------------

    As proposed, a Level 3 halt would end at the end of the trading day
on which it is declared. This proposed change would allow for next-day
trading to resume in all NMS Stocks no differently from any other
trading day. In other words, an exchange could resume trading in any
security when it first begins trading under its rules and would not
need to wait for the primary listing market to re-open trading in a
security before it could start trading such security.\6\ Accordingly,
under the proposal, the Exchange could begin trading all securities at
the beginning of the Exchange's Pre-Market Session at 8:00 a.m. ET,\7\
regardless of whether the primary listing markets for those securities
have actually opened.
---------------------------------------------------------------------------

    \6\ The Exchange anticipates that the other national securities
exchanges and FINRA will also file similar proposals to amend their
MWCB rules on the resumption of trading following Level 3 halts, and
amend their rules, where required, to have their Level 3 next-day
openings happen normally.
    \7\ The term ``Pre-Market Session'' refers to the time between
8:00 a.m. and 9:30 a.m. Eastern Time. See LTSE Rule 1.160(dd).
---------------------------------------------------------------------------

    To effect this change, the Exchange proposes to delete the language
in Rule 11.280(b)(2) requiring the Exchange to wait until the primary
listing exchange opens the next trading day following a Level 3 market
decline, and specify that the Exchange will halt trading for the
remainder of the trading day. The proposed rule change would therefore
allow each exchange to resume trading in all securities the next
trading day following a Level 3 halt at whatever time such exchange
normally begins trading under its rules, which for the Exchange would
be at the beginning of the Pre-Market Session at 8:00 a.m. ET under its
current rules. The Exchange also expects that the primary listing
exchanges will facilitate this change by sending resume messages to the
applicable securities information processor (``SIP'') to lift the Level
3 trading halt message in all securities. The resumption messages will
be disseminated after the SIP has started on the next trading day and
before the start of the earliest pre-market trading session of all
exchanges. If a security is separately subject to a regulatory halt
that has not ended, the primary listing exchange would replace the
Level 3 halt message with the applicable regulatory halt message.
    Having a consistent approach for all securities will make the
opening process the day after a Level 3 halt more uniform and reduce
complexity, which the Exchange believes is important after a
significant market event. Based on industry feedback, the Exchange
believes that resuming trading in the normal course in all equity
securities will be more beneficial to the marketplace. By allowing
trading to resume after a Level 3 halt in all securities no differently
from any normal trading day under the respective rules of each
exchange, the proposed rule change would provide greater certainty to
the marketplace by ensuring a familiar experience for all market
participants that trade NMS Stocks and balances out potential concerns
around volatility. While the Exchange recognizes that the impact of
this proposal is to permit all securities to be traded in the various
exchanges' early trading sessions, which do not have certain price
protections for volatility such as LULD Bands or MWCB protections, the
Exchange nonetheless believes that this outcome is outweighed by the
benefits provided by resuming trading in the early trading sessions in
a manner that is more familiar to the marketplace. Moreover, allowing
the resumption of trading to occur on the various exchanges at the
beginning of their early trading sessions in all NMS Stocks will allow
for price formation to occur earlier in the trading day, which in turn
allows market participants to react to news that has developed. As
such, trading at the beginning of regular hours may be more orderly.
    The Exchange will announce the implementation date of the amendment
to Rule 11.280(b)(2) by information circular.
2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent
with the provisions of Section 6 of the Act,\8\ in general, and
furthers the objectives of Section 6(b)(5) of the Act,\9\ in
particular, in that it is designed to prevent fraudulent and
manipulative acts and practices, promote just and equitable principles
of trade, to foster cooperation and coordination with persons engaged
in facilitating transactions in securities, to remove impediments to
and perfect the mechanism of a free and open market and a national
market system and, in general, to protect investors and the public
interest.
---------------------------------------------------------------------------

    \8\ 15 U.S.C. 78f.
    \9\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------

    The market-wide circuit breaker mechanism under Rule 11.280 is an
important, automatic mechanism that is invoked to promote stability and
investor confidence during a period of significant stress when
securities markets experience extreme broad-based declines. The
Exchange believes that the proposed rule change promotes just and
equitable principles of trade in that it promotes transparency and
uniformity across markets concerning when and how to halt trading in
all stocks as a result of extraordinary market volatility, and how the
markets will resume trading following a Level 3 market decline. As
described above, the Exchange, together with other national securities
exchanges and FINRA, is seeking to adopt a standardized approach
related to resuming trading in NMS Stocks after a Level 3 MWCB halt. In
this regard, the Exchange believes that the proposal to resume trading
in all securities following a Level 3 halt in the same manner that
securities would open trading on a regular trading day will benefit
investors, the national market system, Exchange members, and the
Exchange market by promoting a fair and orderly market and reducing
confusion during a significant cross-market event. By allowing trading
to resume after a Level 3 halt in all securities no differently from
any normal trading day under the respective rules of each exchange, the
proposed rule change would provide greater certainty to the marketplace
by ensuring a familiar experience for all market participants that
trade NMS Stocks.
    Based on the foregoing, the Exchange believes the benefits to
market participants from the MWCB under Rule

11.280 with the proposed standardized process for resuming trading in
all securities following a Level 3 halt will promote fair and orderly
markets, and protect investors and the public interest.

B. Self-Regulatory Organization's Statement on Burden on Competition

    The Exchange does not believe that the proposed rule change will
impose any burden on competition that is not necessary or appropriate
in furtherance of the purposes of the Act. The Exchange believes that
the proposed Level 3 rule change described above would standardize the
opening process for all securities on the Exchange, which would make
the opening process the day after a Level 3 halt more uniform and
reduce complexity. Further, the Exchange understands that FINRA and
other national securities exchanges will file similar proposals to
adopt the proposed Level 3 rule change.

C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others

    Written comments were neither solicited nor received.

III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action

    The Exchange has filed the proposed rule change pursuant to Section
19(b)(3)(A)(iii) of the Act \10\ and Rule 19b-4(f)(6) thereunder.\11\
Because the proposed rule change does not: (i) Significantly affect the
protection of investors or the public interest; (ii) impose any
significant burden on competition; and (iii) become operative prior to
30 days from the date on which it was filed, or such shorter time as
the Commission may designate, if consistent with the protection of
investors and the public interest, the proposed rule change has become
effective pursuant to Section 19(b)(3)(A) of the Act and Rule 19b-
4(f)(6)(iii) thereunder.\12\
---------------------------------------------------------------------------

    \10\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \11\ 17 CFR 240.19b-4(f)(6).
    \12\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)
requires a self-regulatory organization to give the Commission
written notice of its intent to file the proposed rule change at
least five business days prior to the date of filing of the proposed
rule change, or such shorter time as designated by the Commission.
The Commission has waived the pre-filing requirement.
---------------------------------------------------------------------------

    A proposed rule change filed under Rule 19b-4(f)(6) \13\ normally
does not become operative prior to 30 days after the date of the
filing. However, pursuant to Rule 19b4(f)(6)(iii),\14\ the Commission
may designate a shorter time if such action is consistent with the
protection of investors and the public interest. The Exchange has asked
the Commission to waive the 30-day operative delay so that the proposal
may become operative immediately upon filing. The Commission believes
that waiving the 30-day operative delay is consistent with the
protection of investors and the public interest. The Commission notes
that it approved a substantively similarly proposed rule change
submitted by The Nasdaq Stock Market LLC.\15\ Waiver of the operative
delay will ensure consistency across the market centers and the timely
implementation of the proposed rule change. Accordingly, the Commission
waives the 30-day operative delay and designates the proposed rule
change operative upon filing.\16\
---------------------------------------------------------------------------

    \13\ 17 CFR 240.19b-4(f)(6).
    \14\ 17 CFR 240.19b-4(f)(6)(iii).
    \15\ See Securities Exchange Act Release No. 88360 (March 11,
2020) (SR-NASDAQ-2020-003).
    \16\ For purposes only of waiving the 30-day operative delay,
the Commission has considered the proposed rule's impact on
efficiency, competition, and capital formation. See 15 U.S.C.
78c(f).
---------------------------------------------------------------------------

    At any time within 60 days of the filing of such proposed rule
change, the Commission summarily may temporarily suspend such rule
change if it appears to the Commission that such action is necessary or
appropriate in the public interest, for the protection of investors, or
otherwise in furtherance of the purposes of the Act. If the Commission
takes such action, the Commission shall institute proceedings under
Section 19(b)(2)(B) \17\ of the Act to determine whether the proposed
rule change should be approved or disapproved.
---------------------------------------------------------------------------

    \17\ 15 U.S.C. 78s(b)(2)(B).
---------------------------------------------------------------------------

IV. Solicitation of Comments

    Interested persons are invited to submit written data, views and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:

Electronic Comments

     Use the Commission's internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an email to<EMAIL_ADDRESS>Please include
File Number SR-LTSE-2020-07 on the subject line.

Paper Comments

     Send paper comments in triplicate to Vanessa Countryman,
Secretary, Securities and Exchange Commission, 100 F Street NE,
Washington, DC 20549.

All submissions should refer to File Number SR-LTSE-2020-07. This file
number should be included on the subject line if email is used. To help
the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's internet website (http://www.sec.gov/rules/sro.shtml).
Copies of the submission, all subsequent amendments, all written
statements with respect to the proposed rule change that are filed with
the Commission, and all written communications relating to the proposed
rule change between the Commission and any person, other than those
that may be withheld from the public in accordance with the provisions
of 5 U.S.C. 552, will be available for website 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. Copies of the filing also will be available for inspection
and copying at the principal office of LTSE and on its internet website
at https://longtermstockexchange.com/. All comments received will be
posted without change. Persons submitting comments are cautioned that
we do not redact or edit personal identifying information from comment
submissions. You should submit only information that you wish to make
available publicly.
    All submissions should refer to File Number SR-LTSE-2020-07 and
should be submitted on or before April 15, 2020.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\18\
---------------------------------------------------------------------------

    \18\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-06191 Filed 3-24-20; 8:45 am]
 BILLING CODE 8011-01-P


[Federal Register: October 13, 2009 (Volume 74, Number 196)]
[Notices]
[Page 52526]
[DOCID:fr13oc09-110]

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DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

Hand Fire Extinguishers for Use in Aircraft, AC 20-42D Revision

AGENCY: Federal Aviation Administration, DOT.

ACTION: Notice of availability and request for public comment.

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

SUMMARY: This notice announces the availability of and request for
public comments on the proposed revision of current Federal Aviation
Administration (FAA) Advisory Circular (AC) 20-42C, Hand Fire
Extinguishers for use in Aircraft. The proposed revision ``D'' to the
AC provides updated guidance for the fire-fighting effectiveness,
selection, location, mounting and safe-use of hand fire extinguishers
in aircraft. It also identifies three FAA approved replacement agents
for Halon 1211.

DATES: Comments must be received on or before November 27, 2009.

ADDRESSES: Send all comments on the proposed revision to FAA AC 20-42D
to: Federal Aviation Administration, Aircraft Certification Service,
Aircraft Engineering Division, 950 L'Enfant Plaza, 5th Floor, SW.,
Washington, DC 20024. attn: John Petrakis, AIR-120. You may deliver
comments to: Federal Aviation Administration, 950 L'Enfant Plaza, 5th
Floor, SW., Washington, DC 20024, or electronically submit comments to
the following Internet address<EMAIL_ADDRESS>
Include in the subject line of your message the title of the document,
Comments FAA AC 20-42D, Hand Fire Extinguishers for use in Aircraft.

FOR FURTHER INFORMATION CONTACT: John Petrakis, Senior Aerospace
Engineer, Federal Aviation Administration, Aircraft Certification
Service, Aircraft Engineering Division, Technical Programs and
Continued Airworthiness Branch, AIR-120, 950 L'Enfant Plaza, 5th Floor,
SW., Washington, DC 20024. Telephone<PHONE_NUMBER>, FAX (202) 385-
6475, or e-mail at<EMAIL_ADDRESS>
SUPPLEMENTARY INFORMATION:

Comments Invited

    You are invited to comment on the draft order listed in this notice
by sending such written data, views, or arguments to the above listed
address. Please identify ``FAA AC 20-42D, Hand Fire Extinguishers for
use in Aircraft'' as the subject of your comments. You may also examine
comments received on the proposals before and after the comment closing
date at FAA offices, 950 L'Enfant Plaza, 5th Floor, SW., Washington, DC
20024, weekdays except Federal holidays, between 8:30 a.m. and 4:30
p.m. The Director of the Aircraft Certification Service will consider
all communications received on or before the closing date before
implementing the revision.

Background

    The FAA developed this proposed revision to AC 20-42C with direct
industry assistance through the International Aircraft Systems Fire
Protection Working Group (IASFPWG). The proposed revision will provide
users with updated guidance on available extinguishing agents.
Specifically, the revised AC will provide guidance on the effectiveness
and safe-use of Halon 1211 and three FAA approved replacement agents.
    It: (1) Establishes an FAA approved minimum performance standard
(MPS) for halon replacement agents developed by the FAA Technical
Center which requires a hidden fire test and a seat fire/toxicity test;
(2) Recommends that users of halon extinguishers transition to using
the new halocarbon clean replacement agents in fire extinguishers kept
onboard airplanes and rotorcraft; and (3) Provides guidance on how to
gain certification for halocarbon clean agent extinguishers intended to
replace Halon 1211 hand-held extinguishers.

How To Obtain Copies

    You can get an electronic copy via the Internet at http://
www.faa.gov/aircraft/draft_docs/, and then select Advisory Circulars,
or by contacting the person named in the paragraph FOR FURTHER
INFORMATION CONTACT.

    Issued in Washington, DC on October 1, 2009.
Susan J.M. Cabler,
Assistant Manager Aircraft Engineering Division, Aircraft Certification
Service.
[FR Doc. E9-24517 Filed 10-9-09; 8:45 am]

BILLING CODE 4910-13-P


[Federal Register: May 17, 2006 (Volume 71, Number 95)]
[Notices]
[Page 28679-28681]
[DOCID:fr17my06-49]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Project No. 2197-073]

Alcoa Power Generating, Inc.; Notice of Application Tendered for
Filing With the Commission, Soliciting Additional Study Requests, and
Establishing Procedural Schedule for Licensing and Deadline for
Submission of Final Amendments

May 10, 2006.
    Take notice that the following hydroelectric application has been
filed with the Commission and is available for public inspection.
    a. Type of Application: New Major License.
    b. Project No.: 2197-073.
    c. Date Filed: April 25, 2006.
    d. Applicant: Alcoa Power Generating, Inc.
    e. Name of Project: Yadkin Hydroelectric Project.
    f. Location: The existing project is located on the Yadkin River in
Stanly, Davidson, Davie, Montgomery, and Rowan Counties, North
Carolina. The project does not affect Federal lands.
    g. Filed Pursuant to: Federal Power Act 16 U.S.C. 791(a)-825(r)
    h. Applicant Contact: Mr. Gene Ellis, Licensing and Property
Manager, Alcoa Power Generating, Inc., Yadkin Division, P.O. Box 576,
NC Highway 740, Badin, NC 28009-0576.
    i. FERC Contact: Stephen Bowler,<PHONE_NUMBER>; or
<EMAIL_ADDRESS>or Lee Emery,<PHONE_NUMBER>; or

<EMAIL_ADDRESS>    j. Cooperating Agencies: We are asking Federal, state, local, and
tribal agencies with jurisdiction and/or special expertise with respect
to environmental issues to cooperate with us in the preparation of the
environmental document. Agencies who would like to request cooperating
status should follow the instructions for filing such requests
described in item l below. Cooperating agencies should note the
Commission's policy that agencies that cooperate in the preparation of
the environmental document cannot also intervene. See, 94 FERC ] 61,076
(2001).
    k. Pursuant to section 4.32(b)(7) of 18 CFR of the Commission's
regulations, if any resource agency, Indian Tribe, or person believes
that an additional scientific study should be conducted in order to
form an adequate factual basis for a complete analysis of the
application on its merit, the resource agency, Indian Tribe, or person
must file a request for a study with the Commission not later than 60
days from

the date of filing of the application, and serve a copy of the request
on the applicant.
    l. Deadline for filing additional study requests and requests for
cooperating agency status: June 25, 2006.
    m. This application is not ready for environmental analysis at this
time.
    n. The Project Description: The existing Yadkin River Hydroelectric
Project consists of four developments: High Rock, Tuckertown, Narrows,
and Falls. The four developments are located on a 38-mile reach of the
Yadkin River 60 miles northeast of Charlotte in central North Carolina.
The High Rock development is the most upstream, with the Tuckertown,
Narrows, and Falls Developments 8.7, 16.5, and 19.0 miles below High
Rock respectively. The four Yadkin Developments have a combined
installed capacity of 210 megawatts (MW). The project produces an
average annual generation of 844,306 megawatt-hours.
    The High Rock Development includes the following constructed
facilities: (1) A 101-foot-high, 936-foot-long, concrete gravity dam,
with a 550-foot-long, gate-controlled spillway; (2) ten, 45-foot-wide
(Stoney) floodgates; (3) a 14,400-acre reservoir, with a normal pool
elevation of 623.9 feet USGS (U.S. Geological Survey Datum) and a
usable storage capacity of 217,400 acre-feet; (4) a powerhouse,
integral to the dam, containing three vertical Francis turbine units
directly connected to generators with a total installed capacity of
32,190 kW; and (5) appurtenant facilities.
    The Tuckertown Development includes the following constructed
facilities: (1) A 76-foot-high, 1,370-foot-long, concrete gravity dam
with sections of rock fill and earth fill embankment; (2) a 480-foot-
long spillway with eleven Tainter gates 35-feet-wide and 38-feet-high;
(3) a 2,560-acre reservoir, with a normal pool elevation of 564.7 feet
USGS and a usable storage capacity of 6,700 acre-feet; (4) a 204-foot-
long powerhouse, integral to the dam, containing three Kaplan turbine
units directly connected to generators with a total installed capacity
of 38,040 kW; and (5) appurtenant facilities.
    The Narrows Development includes the following constructed
facilities: (1) A 201-foot-high, 1,144-foot-long, concrete gravity dam
with a 640-foot-long main spillway; (2) twenty-two, 25-foot-wide by 12-
foot-high (Tainter) flood gates and a trash gate; (3) a 128-foot-long
intake structure with four 20-foot by 20-foot openings each with two
vertical lift gates; (4) four 15-foot-diameter steel-lined penstocks;
(5) a 213-foot-long by 80-foot-wide reinforced concrete and brick
powerhouse located 280 feet downstream of the dam; (6) a 430-foot-long
bypass spillway with ten Stoney gates (35-feet-wide by 28-feet-high);
(7) a 5,355-acre reservoir, with a normal pool elevation of 509.8 feet
USGS and a usable storage capacity of 129,100 acre-feet; (8) four
vertical Francis turbines directly connected to generators with a total
installed capacity of 447,150 kW; and (9) appurtenant facilities.
    The Falls Development includes the following constructed
facilities: (1) A 112-foot-high, 750-foot-long, concrete gravity dam;
(2) a 526-foot-long spillway with a 441-foot section of Stoney gates
(33-feet-wide by 34-feet-high), a 71-foot section of Tainter gates (25-
feet-wide by 19-feet- and 14-feet-high respectively), and a 14-foot-
long trash gate section; (3) a 204-acre reservoir, with a normal pool
elevation of 332.8 feet USGS and a usable storage capacity of 940 acre-
feet; (4) an 189-foot-long powerhouse, integral to the dam, and
containing one S. Morgan Smith vertical Francis turbine and two Allis
Chalmers propeller type turbines all directly connected to generators
with a total installed capacity of 31,130 kW; and (5) appurtenant
facilities.
    Alcoa operates the High Rock Development in a store-and-release
mode, and the Tuckertown, Narrows, and Falls Developments in a run-of-
river mode. The High Rock Development provides storage for the
downstream developments, and the Narrows Development provides some
storage during low flow conditions and emergencies. The maximum annual
drawdown for High Rock is 13 feet, with drawdowns of five feet or less
typical during the summer months. At the other developments, the
maximum annual drawdown is 3 to 4 feet, with an average daily drawdown
of up to 1 to 2 feet. Progress Energy releases a weekly average minimum
of 900 cfs into the Yadkin River from the Yadkin Project at the Falls
Development.
    o. Locations of the Application: A copy of the application is
available for review at the Commission in the Public Reference Room or
may be viewed on the Commission's Web site at http://www.ferc.gov using

the ``eLibrary'' link. Enter the docket number excluding the last three
digits in the docket number field to access the document. For
assistance, contact FERC Online Support at<EMAIL_ADDRESS>or toll-free at 1-866-208-3676, or for TTY,<PHONE_NUMBER>. A copy is
also available for inspection and reproduction at the address in item
(h) above.
    You may also register online at http://www.ferc.gov/esubscribenow.htm
 to be notified via e-mail of new filings and

issuances related to this or other pending projects. For assistance,
contact FERC Online Support.
    p. With this notice, we are initiating consultation with the North
Carolina State Historic Preservation Officer (SHPO), as required by
section 106, National Historic Preservation Act, and the regulations of
the Advisory Council on Historic Preservation, 36 CFR, at Sec.  800.4.
    q. Procedural Schedule: The application will be processed according
to the following Hydro Licensing Schedule. Revisions to the schedule
may be made as appropriate.

------------------------------------------------------------------------
              Milestone                           Target date
------------------------------------------------------------------------
Tendering Notice.....................  May 10, 2006.
Additional Study Requests &            June 25, 2006.
 Interventions.
Additional Information Requests (if    July 2006.
 necessary).
Issue Acceptance Letter..............  October 2006.
Issue Scoping Document 1 for Comments  November 2006.
Hold Scoping Meetings................  January 2007.
Request Additional Information (if     February 2007.
 necessary).
Issue Scoping Document 2.............  March 2007.
Notice of Ready for Environmental      March 2007.
 Analysis.
Filing of recommendations,             May 2007.
 preliminary terms and conditions,
 and fishway prescriptions.
Commission issues Draft EA or EIS....  September 2007.
Comments on Draft EA or EIS &          November 2007.
 Modified Terms and Conditions.
Commission Issues Final EA or EIS....  March 2008.
Ready for Commission Decision on the   April 2008.
 Application.
------------------------------------------------------------------------

    Final amendments to the application must be filed with the
Commission no later than 30 days from the issuance date of the notice
of ready for environmental analysis.

Magalie R. Salas,
Secretary.
[FR Doc. E6-7490 Filed 5-16-06; 8:45 am]

BILLING CODE 6717-01-P


[Federal Register Volume 81, Number 126 (Thursday, June 30, 2016)]
[Notices]
[Pages 42777-42779]
[FR Doc No: 2016-15455]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-78151; File No. SR-OCC-2016-003]

Self-Regulatory Organizations; The Options Clearing Corporation;
Notice of Filing and Immediate Effectiveness of Proposed Rule Change
Related to the Acceptance of Pass-Through Letters of Credit as a Form
of Margin Asset

June 24, 2016.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that
on June 17, 2016, The Options Clearing Corporation (``OCC'') filed with
the Securities and Exchange Commission (``Commission'') the proposed
rule change as described in Items I, II and III below, which Items have
been prepared by OCC. OCC filed the proposed rule change pursuant to
Section 19(b)(3)(A)(iii) of the Act \3\ and Rule 19b-4(f)(4)(ii)
thereunder \4\ so that the proposal was effective upon filing with the
Commission. The Commission is publishing this notice to solicit
comments on the proposed rule change from interested persons.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \4\ 17 CFR 240.19b-4(f)(4)(ii).
---------------------------------------------------------------------------

I. Clearing Agency's Statement of the Terms of Substance of the
Proposed Rule Change

    The proposed rule change by OCC would amend OCC Rule 604 to permit
pass-through letters of credit (``Pass-Through Letters of Credit'') as
a form of margin asset to satisfy margin obligations for futures,
futures options, and commodity options positions (collectively referred
to as ``futures positions'') held in segregated futures accounts and
segregated futures professional accounts (collectively referred to as
``segregated futures accounts'') that are not eligible to hold
positions in security futures.\5\ Capitalized terms not defined herein
have the same meaning as set forth in the OCC By-Laws and Rules.
---------------------------------------------------------------------------

    \5\ See OCC By-Laws Article I, Section 1.S.(5) and (6) defining
segregated futures accounts and segregated futures professional
accounts.
---------------------------------------------------------------------------

II. Clearing Agency's Statement of the Purpose of, and Statutory Basis
for, the Proposed Rule Change

    In its filing with the Commission, OCC included statements
concerning the purpose of and basis for the proposed rule change and
discussed any comments it received on the proposed rule change. The
text of these statements may be examined at the places specified in
Item IV below. OCC has prepared summaries, set forth in sections (A),
(B), and (C) below, of the most significant aspects of these
statements.

(A) Clearing Agency's Statement of the Purpose of, and Statutory Basis
for, the Proposed Rule Change

(1) Purpose
    The purpose of the proposed rule change is to amend OCC Rule 604 to
permit Pass-Through Letters of Credit as a form of margin asset to
satisfy margin

obligations for positions held in segregated futures accounts that are
not eligible to hold positions in security futures in order to provide
futures market participants with the ability to deposit similar forms
of collateral for segregated futures accounts at OCC as they could
deposit at other futures clearinghouses. OCC Rule 604(c) allows
Clearing Members to deposit letters of credit as a form of margin asset
provided that such letters of credit meet the form prescribed by OCC
and satisfy the robust eligibility requirements and risk controls
enumerated under the Rule.\6\ OCC currently accepts two party letters
of credit as a form of margin asset under Rule 604(c), which are
letters of credit issued by an OCC approved bank or trust on behalf of
a Clearing Member, with OCC as beneficiary. Such letters of credit may
be used by Clearing Members to meet margin obligations arising from
positions held in any OCC account type.
---------------------------------------------------------------------------

    \6\ Rule 604(c) requires, among other things, that: (i) Letters
of credit must contain the unqualified commitment of the issuer to
pay a specified sum of money to OCC within certain specified time
periods; (ii) all letters of credit must be irrevocable; and (iii)
OCC may draw upon a letter of credit at any time, whether or not the
Clearing Member that deposited such letter of credit has been
suspended by OCC or is in default with respect to any obligation to
OCC, if OCC determines that such draw is advisable to protect OCC,
other Clearing Members, or the general public. Moreover, if a
Clearing Member deposits a letter of credit that indicates on its
face that it is being deposited to serve as margin for the Clearing
Member's customers' account or for a segregated futures account,
such letter of credit shall not constitute margin for any other
account maintained by the Clearing Member until such time as the
issuing bank shall instruct OCC by amendment to the letter of credit
stating that such letter of credit is not so restricted. See OCC
Rule 604(c)(1) and (3). Letters of credit are also subject to
specific eligibility standards for issuing banks and both Clearing
Member and issuer concentration limits. Specifically, no more than
50% of a Clearing Member's margin on deposit at any given time may
include letters of credit in the aggregate, and no more than 20% may
include letters of credit issued by any one institution. Moreover,
the total amount of letters of credit issued for the account of any
one Clearing Member by a U.S. or Non-U.S. institution shall not
exceed 15% of such institution's Tier 1 Capital. See OCC Rule 604,
Interpretations and Policies .01, .02, and .04.
---------------------------------------------------------------------------

    Recently, certain futures market participants have inquired about
using Pass-Through Letters of Credit as a form of margin asset at OCC.
Pass-Through Letters of Credit are letters of credit issued on behalf
of a third party (in this case, a customer of a Clearing Member) with a
joint beneficiary structure that would allow the Clearing Member, as a
joint beneficiary, to ``pass through'' the letter of credit directly to
the clearinghouse, as joint beneficiary, and avoid the need for the
Clearing Member to write its own letter of credit to the clearinghouse
or to deposit cash margin on behalf of the customer. Pass-Through
Letters of Credit are standard collateral vehicles accepted by other
futures clearinghouses, particularly clearinghouses that provide
clearance and settlement services for energy futures products. In order
to provide OCC's futures commission merchant (``FCM'') Clearing Members
with the ability to deposit similar forms of collateral for segregated
futures accounts as they could deposit at other futures clearinghouses,
OCC proposes to add new Interpretation and Policy .10 to Rule 604 to
permit its FCM Clearing Members to deposit Pass-Through Letters of
Credit as margin assets to satisfy margin requirements for their
futures customers. Pass-Through Letters of Credit would be permitted
only to satisfy margin obligations for positions held in segregated
futures accounts and would not be available as a form of margin asset
to satisfy margin obligations for securities products.\7\
---------------------------------------------------------------------------

    \7\ In connection with the proposed rule change, OCC would
implement procedural checks and verifications in its Collateral
Services and Member Services Departments to ensure that (1) Pass-
Through Letters of Credit would not be permitted to be allocated to
a segregated futures account unless that account is not eligible to
hold positions in security futures and (2) accounts holding Pass-
Through Letters of Credit as a form of margin asset would not be
enabled to hold positions in security futures.
---------------------------------------------------------------------------

    Pass-Through Letters of Credit would be subject to the same
requirements and risk controls of Rule 604 as the currently accepted
two party letters of credit. Pass-Through Letters of Credit deposited
as margin assets would be based on the industry standard Unified
Clearing Group Uniform Letter of Credit Terms--(Pass-Through), would be
consistent with terms accepted by other futures clearinghouses, and
would work similarly to the two party letters of credit currently used
by OCC Clearing Members. Specifically, the issuing bank would be
required to notify OCC of any changes to the terms of the letter of
credit (and in certain cases, OCC would be required to affirmatively
accept such changes) prior to such changes becoming effective. The
issuing bank would be required to inform OCC in the event that a
Clearing Member beneficiary wished to draw on the letter of credit, and
all potential draws on the letter of credit, regardless of who
initiates them, would be deposited directly into the FCM Clearing
Member's OCC segregated futures account and would be subject to all of
the rules and limitations surrounding the use and withdraw [sic] of
margin funds under OCC's Rules. For these reasons, OCC believes that
Pass-Through Letters of Credit, under the terms and restrictions
described above, are similar to the existing two party letters of
credit currently on deposit as margin assets at OCC and do not raise
any unique risks to OCC.
    In addition, existing Interpretations and Policies .10-.16 to Rule
604 would be renumbered but otherwise remain unchanged.
(2) Statutory Basis
    OCC believes that the proposed rule change is consistent with
Section 17A(b)(3)(F) of the Act,\8\ and the rules thereunder applicable
to OCC. As noted above, the form of Pass-Through Letters of Credit that
would be accepted by OCC would have terms that work similarly to the
two party letters of credit currently used by OCC Clearing Members and
would be subject to the same restrictions and safeguards contained in
Rule 604 and the Interpretations and Policies thereunder.\9\ These
safeguards include, among other things, that letters of credit
deposited as margin assets have an unqualified commitment of the issuer
to pay OCC within certain specified time periods, that all letters of
credit must be irrevocable, and that OCC may draw upon a letter of
credit at any time, whether or not the Clearing Member that deposited
such letter of credit has been suspended by OCC or is in default with
respect to any obligation to OCC. Moreover, the issuer and
concentration limits for letters of credit deposited as margin assets
are designed to ensure that OCC does not have excessive exposure to a
particular issuing bank or to letters of credit generally as a form of
margin asset. These requirements are designed to minimize the risk of
loss or delay in OCC's access to funds payable under the letter of
credit and reduce the likelihood that OCC would need to use the
mutualized resources in its Clearing Fund to fulfill obligations
arising from Clearing Members depositing letters of credit as a form of
margin asset.
---------------------------------------------------------------------------

    \8\ 15 U.S.C. 78q-1(b)(3)(F).
    \9\ See supra note 6 and related text.
---------------------------------------------------------------------------

    In addition to the restrictions and safeguards under Rule 604, the
terms of the Pass-Through Letters of Credit would require that they
effectively operate similarly to the two party letters of credit
currently on deposit as margin assets at OCC. For example, OCC must be
notified of (and in certain cases must affirmatively accept) any
changes to the terms of the letter of credit, the issuing bank would be
required to inform OCC in the case that the Clearing Member beneficiary
wished to draw on the letter of credit, and all potential draws on the
letter of credit, regardless of who initiates them, would be deposited

directly into the FCM Clearing Member's segregated futures account.
    For the reasons stated above, OCC believes that the proposed rule
change is designed to assure the safeguarding of securities and funds
which are in the custody or control of OCC or for which it is
responsible in accordance with Section 17A(b)(3)(F) of the Act \10\ and
is reasonably designed to ensure that OCC holds margin assets in a
manner that minimizes risk of loss or delay in its access to them,
consistent with Rule 17Ad-22(d)(3).\11\ The proposed rule change is not
inconsistent with the existing rules of OCC, including any other rules
proposed to be amended.
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    \10\ 15 U.S.C. 78q-1(b)(3)(F).
    \11\ 17 CFR 240.17Ad-22(d)(3).
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(B) Clearing Agency's Statement on Burden on Competition

    OCC does not believe that the proposed rule change would have any
impact or impose any burden on competition\12\ not necessary or
appropriate in furtherance of the Act because it pertains solely to
OCC's activities relating to the clearing of commodity futures products
subject to the exclusive jurisdiction of the CFTC and therefore would
not have any impact or impose any burden on competition in securities
markets or any other market governed by the Act.
---------------------------------------------------------------------------

    \12\ 15 U.S.C. 78q-1(b)(3)(I).
---------------------------------------------------------------------------

(C) Clearing Agency's Statement on Comments on the Proposed Rule Change
Received From Members, Participants or Others

    Written comments on the proposed rule change were not and are not
intended to be solicited with respect to the proposed rule change and
none have been received.

III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action

    The foregoing rule change has become effective upon filing \13\
pursuant to Section 19(b)(3)(A)(iii) of the Act \14\ and Rule 19b-
4(f)(4)(ii) thereunder \15\ because it effects a change in an existing
service of OCC that (i) primarily affects the clearing operations of
OCC with respect to products that are not securities, including futures
that are not security futures and (ii) does not significantly affect
any securities clearing operations of OCC or any rights or obligations
of OCC with respect to securities clearing or persons using such
securities-clearing service. At any time within 60 days of the filing
of the proposed rule change, the Commission summarily may temporarily
suspend such rule change if it appears to the Commission that such
action is necessary or appropriate in the public interest, for the
protection of investors, or otherwise in furtherance of the purposes of
the Act.
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    \13\ Notwithstanding the immediate effectiveness of the proposed
rule change, implementation of this rule change is also contingent
on it being deemed certified under CFTC Regulation Sec.  40.6.
    \14\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \15\ 17 CFR 240.19b-4(f)(4)(ii).
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IV. Solicitation of Comments

    Interested persons are invited to submit written data, views and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an email to<EMAIL_ADDRESS>Please include
File Number SR-OCC-2016-003 on the subject line.

Paper Comments

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

All submissions should refer to File Number SR-OCC-2016-003. This file
number should be included on the subject line if email is used. To help
the Commission 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 (http://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, all
written statements with respect to the proposed rule change that are
filed with the Commission, and all written communications relating to
the proposed rule change between the Commission and any person, other
than those that may be withheld from the public in accordance with the
provisions of 5 U.S.C. 552, will be 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. Copies of such filings also will be available
for inspection and copying at the principal office of OCC and on OCC's
Web site at http://www.theocc.com/components/docs/legal/rules_and_bylaws/sr_occ_16_003.pdf.
    All comments received will be posted without change; the Commission
does not edit personal identifying information from submissions. You
should submit only information that you wish to make available
publicly.
    All submissions should refer to File Number SR-OCC-2016-003 and
should be submitted on or before July 21, 2016.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\16\
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    \16\ 17 CFR 200.30-3(a)(12).
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Brent J. Fields,
Secretary.
[FR Doc. 2016-15455 Filed 6-29-16; 8:45 am]
 BILLING CODE 8011-01-P


[Federal Register Volume 77, Number 168 (Wednesday, August 29, 2012)]
[Proposed Rules]
[Pages 52265-52270]
[FR Doc No: 2012-21284]

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DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 39

[Docket No. FAA-2012-0887; Directorate Identifier 2009-SW-02-AD]
RIN 2120-AA64

Airworthiness Directives; Eurocopter Deutschland GmbH Helicopters

AGENCY: Federal Aviation Administration (FAA), DOT.

ACTION: Notice of proposed rulemaking (NPRM).

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SUMMARY: We propose to adopt a new airworthiness directive (AD) for
Eurocopter Deutschland GmbH (ECD) Model BO-105A, BO-105C, BO-105S, BO-
105LS A-1, BO-105LS A-3, MBB-BK 117 A-1, MBB-BK 117 A-3, MBB-BK 117 A-
4, MBB-BK 117 B-1, MBB-BK-117 B-2, and MBB-BK 117 C-1 helicopters to
require inspections for corrosion or thread damage to each tail rotor
balance weight (weight) and each tail rotor control lever (lever). This
proposed AD is prompted by a European Aviation Safety Agency (EASA) AD
and a Transport Canada Civil Aviation (TCCA) AD, both issued based on a
report that corrosion was detected on a weight in the area of the
attachment thread on a model BO-105 helicopter. The proposed actions
are intended to detect corrosion and thread damage in the threaded area
of the weight and lever, and to prevent failure of a weight or lever,
separation of tail rotor parts, severe vibration, and subsequent loss
of control of the helicopter.

DATES: We must receive comments on this proposed AD by October 29,
2012.

ADDRESSES: You may send comments by any of the following methods:
     Federal eRulemaking Docket: Go to http://www.regulations.gov. Follow the online instructions for sending your
comments electronically.
     Fax:<PHONE_NUMBER>.
     Mail: Send comments to the U.S. Department of
Transportation, Docket Operations, M-30, West Building Ground Floor,
Room W12-140, 1200 New Jersey Avenue SE., Washington, DC 20590-0001.
     Hand Delivery: Deliver to the ``Mail'' address between 9
a.m. and 5 p.m., Monday through Friday, except Federal holidays.
    Examining the AD Docket: You may examine the AD docket on the
Internet at http://www.regulations.gov or in person at the Docket
Operations Office between 9 a.m. and 5 p.m., Monday through Friday,
except Federal holidays. The AD docket contains this proposed AD, the
economic evaluation, any comments received, and other information. The
street address for the Docket Operations Office (telephone 800-647-
5527) is in the ADDRESSES section. Comments will be available in the AD
docket shortly after receipt.
    For service information identified in this proposed AD, contact
American Eurocopter Corporation, 2701 Forum Drive, Grand Prairie, TX
75053-4005; telephone<PHONE_NUMBER>; fax<PHONE_NUMBER>; or at http://www.eurocopter.com. You may review the referenced service information
at the FAA, Office of the Regional Counsel, Southwest Region, 2601
Meacham Blvd., Room 663, Fort Worth, TX 76137.

FOR FURTHER INFORMATION CONTACT: Sharon Miles, Aviation Safety
Engineer, Regulations and Policy Group, Rotorcraft Directorate, FAA,
2601 Meacham Blvd., Fort Worth, TX 76137; telephone<PHONE_NUMBER>;
email<EMAIL_ADDRESS>
SUPPLEMENTARY INFORMATION:

Comments Invited

    We invite you to participate in this rulemaking by submitting
written comments, data, or views. We also invite comments relating to
the economic, environmental, energy, or federalism impacts that might
result from adopting the proposals in this document. The most helpful
comments reference a specific portion of the proposal, explain the
reason for any recommended change, and include supporting data. To
ensure the docket does not contain duplicate comments, commenters
should send only one copy of written comments, or if comments are filed
electronically, commenters should submit only one time.
    We will file in the docket all comments that we receive, as well as
a report summarizing each substantive public contact with FAA personnel
concerning this proposed rulemaking. Before acting on this proposal, we
will consider all comments we receive on or before the closing date for
comments. We will consider comments filed after the comment period has
closed if it is possible to do so without incurring expense or delay.
We may change this proposal in light of the comments we receive.

Discussion

    EASA has issued EASA AD No. 2008-0206, dated November 25, 2008, to
correct the unsafe condition for the ECD Model BO 105 A, BO 105 C, BO
105 LS A-1, BO 105 D, BO 105 DS, BO 105 DB, BO 105 DBS, BO 105 DB-4, BO
105 DBS-4, BO 105 DBS-5, BO 105 S, MBB-BK 117 A-1, MBB-BK 117 A-3, MBB-
BK 117 A-4, MBB-BK 117 B-1, MBB-BK 117 B-2, and MBB-BK 117 C-1
helicopters, all serial numbers. The TCCA has issued Canadian AD No.
CF-2009-12, dated March 24, 2009, to correct the unsafe condition for
the Eurocopter Model BO 105 LS A-3 helicopters. These ADs state that
during a periodical inspection, corrosion was detected on the weights
in the area of the attachment thread. Since the issuance of the
Canadian AD, the type certificate for the Model BO 105 LS A-3 has been
transferred from Eurocopter Canada Limited to Eurocopter Deutschland
(Germany).
    The proposed actions are intended to detect corrosion and thread
damage in the threaded area of a weight or lever, to prevent failure of
a weight or lever, separation of tail rotor parts, severe vibration,
and subsequent loss of control of the helicopter. You may obtain
further information by examining the EASA and TCCA ADs and any related
service information in the AD docket.

FAA's Determination

    These helicopters have been approved by the aviation authority of
Germany and are approved for operation in the United States. Pursuant
to our bilateral agreement with Germany, EASA, its technical
representative, has notified us of the unsafe condition described in
its AD. We are proposing this AD because we evaluated all known
relevant information and determined that an unsafe condition is likely
to exist or develop on other products of the same type design.

Related Service Information

    Eurocopter has issued Alert Service Bulletin (ASB) No. ASB-MBB-BK
117-30-113, dated September 23, 2008, for all MBB BK 117 model ``A-1 to
C-1'' helicopters; ASB No. ASB BO105-30-116, dated September 23, 2008,
for all Model BO105 helicopters ``including BO105 CB-3 and BO105 CBS-5
KLH;'' and Eurocopter Canada Limited has issued ASB No. ASB BO 105 LS
30-12, dated December 12, 2008, for Model BO 105 LS A-3 helicopters.
These ASBs specify visually inspecting the weights and levers to detect
corrosion or mechanical damage; corrosion at an advanced stage could
destroy the threads. These ASBs also specify replacing damaged weights
and levers that exceed certain limits. The actions described in the
mandatory EASA and TCCA ADs are intended to correct the unsafe
condition, identified in these ASBs, to ensure the continued
airworthiness of these helicopters.

Proposed AD Requirements

    This proposed AD would require compliance with specified portions
of the manufacturer's service bulletin in conducting repetitive visual
inspections of each weight and lever and would provide procedures for
installing a weight or lever. Additionally, it proposes allowable
tolerances for corrosion or thread damage on the threaded portion of a
weight or lever and would require that a part with

corrosion or mechanical damage in excess of allowable tolerances be
replaced with an airworthy part.

Differences Between This Proposed AD and the EASA and TCCA ADs

    This proposed AD does not provide an extra 60 flight hours or 6
months beyond the repetitive compliance time of 600 flight hours or 48
months for the repetitive inspections. These proposals only apply to
those model helicopters type-certificated in the United States.

Costs of Compliance

    We estimate that this proposed AD would affect about 33 helicopters
of U.S. Registry. We estimate that operators may incur the following
costs in order to comply with this AD. It would take approximately 4
work-hours per helicopter to remove, inspect, and install 2 lever
assemblies and 4 weights per helicopter at an average labor rate of $85
per work-hour. Based on these figures, we estimate the inspection cost
of this proposed AD would be $340 per helicopter or $11,220 on U.S.
operators per inspection cycle. The required parts would cost about
$5,332 per helicopter. We estimate the cost for replacement would be
$5,672 per helicopter, assuming both lever assemblies and all 4 weights
are replaced.

Authority for This Rulemaking

    Title 49 of the United States Code specifies the FAA's authority to
issue rules on aviation safety. Subtitle I, section 106, describes the
authority of the FAA Administrator. ``Subtitle VII: Aviation
Programs,'' describes in more detail the scope of the Agency's
authority.
    We are issuing this rulemaking under the authority described in
``Subtitle VII, Part A, Subpart III, Section 44701: General
requirements.'' Under that section, Congress charges the FAA with
promoting safe flight of civil aircraft in air commerce by prescribing
regulations for practices, methods, and procedures the Administrator
finds necessary for safety in air commerce. This regulation is within
the scope of that authority because it addresses an unsafe condition
that is likely to exist or develop on products identified in this
rulemaking action.

Regulatory Findings

    We determined that this proposed AD would not have federalism
implications under Executive Order 13132. This proposed AD would not
have a substantial direct effect on the States, on the relationship
between the national Government and the States, or on the distribution
of power and responsibilities among the various levels of government.
    For the reasons discussed, I certify this proposed regulation:
    1. Is not a ``significant regulatory action'' under Executive Order
12866;
    2. Is not a ``significant rule'' under the DOT Regulatory Policies
and Procedures (44 FR 11034, February 26, 1979);
    3. Will not affect intrastate aviation in Alaska to the extent that
it justifies making a regulatory distinction; and
    4. Will not have a significant economic impact, positive or
negative, on a substantial number of small entities under the criteria
of the Regulatory Flexibility Act.
    We prepared an economic evaluation of the estimated costs to comply
with this proposed AD and placed it in the AD docket.

List of Subjects in 14 CFR Part 39

    Air transportation, Aircraft, Aviation safety, Incorporation by
reference, Safety.

The Proposed Amendment

    Accordingly, under the authority delegated to me by the
Administrator, the FAA proposes to amend 14 CFR part 39 as follows:

PART 39--AIRWORTHINESS DIRECTIVES

    1. The authority citation for part 39 continues to read as follows:

    Authority:  49 U.S.C. 106(g), 40113, 44701.

Sec.  39.13  [Amended]

    2. The FAA amends Sec.  39.13 by adding the following new
airworthiness directive (AD):

EUROCOPTER DEUTSCHLAND GmbH (ECD): Docket No. FAA-2012-0887;
Directorate Identifier 2009-SW-02-AD.

(a) Applicability

    This AD applies to Model BO-105A, BO-105C, BO-105S, and BO-105LS
A-1 helicopters, with a tail rotor control lever (lever), part
number (P/N) 105-317231, 105-317365, 105-31736, 105-31767, 105-
31728, or 1121-31730, with tail rotor balance weight (weight) P/N
117-31715.01, 117-31715.02, 105-31728.03, 105-31732.07, or 105-
31732.08; Model BO-105LS A-3 helicopters, with lever P/N 105-31736
or 105-31767, with weight P/N 117-31715.01, 117-31715.02, B642M1011
201, or 105-317171.10; and Model MBB-BK 117 A-1, MBB-BK 117 A-3,
MBB-BK 117 A-4, MBB-BK117 B-1, MBB-BK 117 B-2, and MBB-BK 117 C-1
helicopters, with lever P/N 117-31730, 117-317361, or 105-31736,
with weight P/N 117-31714.07, 117-31715.01, 117-31720.01, or 117-
31730.02, certificated in any category.

(b) Unsafe Condition

    This AD defines the unsafe condition as corrosion or thread
damage in the threaded area of a lever or weight. This condition
could result in failure of a weight or lever, separation of a tail
rotor part, severe tail rotor vibration, and subsequent loss of
control of the helicopter.

(c) Compliance

    You are responsible for performing each action required by this
AD within the specified compliance time unless it has already been
accomplished prior to that time.

(d) Required Actions

    Within 100 hours time-in-service (TIS) or 2 months, whichever
occurs first, and thereafter at intervals not to exceed 600 hours
TIS or 48 months, whichever occurs first:
    (1) Remove the weights from the lever as depicted in Figure 1 to
paragraph (d) of this AD. Apply marks to the weights before they are
removed in order to be able to re-establish the correct assignment
and the old installation position towards the lever when the weights
are installed.
BILLING CODE 4910-13-P

[GRAPHIC] [TIFF OMITTED] TP29AU12.026

    (2) Visually inspect each weight and lever for corrosion and
damage in the threaded areas as depicted in Figure 2 to paragraph
(d) of this AD.

[GRAPHIC] [TIFF OMITTED] TP29AU12.027

BILLING CODE 4910-13-C

    (i) If there is no corrosion or thread damage on either the
weight or lever, before further flight, reinstall the weight by
following paragraph (d)(3) of this AD.
    (ii) If there is corrosion or thread damage on the threaded
portion of a weight:
    (A) If the total area of corrosion or thread damage, or both,
covers less than 25 percent of the length of the threaded area, the
weight can be threaded (screwed) onto the lever, and the cylindrical
mating surface has no damage, before further flight, remove the
corrosion and reinstall the weight by following paragraph (d)(3) of
this AD.
    (B) If the total area of corrosion or thread damage, or both,
covers 25 percent or more of the length of the threaded area, the
weight cannot be threaded (screwed) onto the lever, or the
cylindrical mating surface has damage, before further flight,
replace the weight with an airworthy weight by following paragraph
(d)(3) of this AD.
    (iii) If there is corrosion or thread damage on the threaded
portion of the lever, polish out the corrosion and thread damage
using a polishing cloth 600 and:
    (A) If the thread depth does not exceed 0.3 millimeter (mm) and
the diameter of the lever in the area before the threaded area is
not less than 9.95 mm after polish out, before further flight,
install airworthy weights to the lever by following paragraph (d)(3)
of this AD.
    (B) If the thread depth is 0.3 mm or greater or the diameter of
the lever in the area before the threaded area is less than 9.95 mm
after polish out, before further flight, replace the lever with an
airworthy lever.
    (3) Apply corrosion preventive paste onto the thread of the
lever and install weights to

the lever as depicted in Figure 1 to paragraph (d) of this AD.
Ensure during installation of the weights that the weights are
correctly assigned and installed to the control lever in accordance
with the applied marks.

(e) Alternative Methods of Compliance (AMOC)

    (1) The Manager, Safety Management Group, FAA, may approve AMOCs
for this AD. Send your proposal to: Sharon Miles, Aviation Safety
Engineer, Regulations and Policy Group, Rotorcraft Directorate, FAA,
2601 Meacham Blvd., Fort Worth, TX 76137; telephone<PHONE_NUMBER>;
email<EMAIL_ADDRESS>    (2) For operations conducted under a 14 CFR part 119 operating
certificate or under 14 CFR part 91, subpart K, we suggest that you
notify your principal inspector, or lacking a principal inspector,
the manager of the local flight standards district office or
certificate holding district office before operating any aircraft
complying with this AD through an AMOC.

(f) Additional Information

    The subject of this AD is addressed in the European Aviation
Safety Agency (Germany) AD No. 2008-0206, dated November 25, 2008,
and in the Transport Canada Civil Aviation AD No. CF-2009-12, dated
March 24, 2009.

 (g) Subject

    Joint Aircraft Service Component (JASC) Code: 6420, Tail Rotor
Head.

    Issued in Fort Worth, Texas, on August 16, 2012.
Kim Smith,
Manager, Rotorcraft Directorate, Aircraft Certification Service.
[FR Doc. 2012-21284 Filed 8-28-12; 8:45 am]
BILLING CODE 4910-13-P