[Federal Register Volume 82, Number 40 (Thursday, March 2, 2017)]
[Rules and Regulations]
[Pages 12289-12291]
[FR Doc No: 2017-04053]

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Rules and Regulations
                                                Federal Register
________________________________________________________________________

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

The Code of Federal Regulations is sold by the Superintendent of Documents.
Prices of new books are listed in the first FEDERAL REGISTER issue of each
week.

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Federal Register / Vol. 82, No. 40 / Thursday, March 2, 2017 / Rules
and Regulations

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 39

[Docket No. FAA-2012-0004; Directorate Identifier 2012-NE-01-AD;
Amendment 39-18794; AD 2017-03-03]
RIN 2120-AA64

Airworthiness Directives; Rolls-Royce plc Turbofan Engines

AGENCY: Federal Aviation Administration (FAA), DOT.

ACTION: Final rule; request for comments.

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SUMMARY: We are superseding airworthiness directive (AD) 2013-05-18 for
certain Rolls-Royce plc (RR) RB211 Trent 500 series turbofan engines.
AD 2013-05-18 required initial and repetitive inspections of the low-
pressure (LP) fuel tubes, fuel tube clips, and fuel/oil heat exchanger
(FOHE) mounts for evidence of damage, wear, and fuel leakage. This AD
reduces the repetitive inspection intervals. This AD was prompted by
additional service experience. We are issuing this AD to correct the
unsafe condition on these products.

DATES: This AD is effective March 17, 2017.
    The Director of the Federal Register approved the incorporation by
reference of a certain publication listed in this AD as of March 17,
2017.
    We must receive any comments on this AD by May 1, 2017.

ADDRESSES: You may send comments, using the procedures found in 14 CFR
11.43 and 11.45, by any of the following methods:
     Federal eRulemaking Portal: Go to http://www.regulations.gov. Follow the instructions for submitting comments.
     Fax:<PHONE_NUMBER>.
     Mail: U.S. Department of Transportation, Docket
Operations, M-30, West Building Ground Floor, Room W12-140, 1200 New
Jersey Avenue SE., Washington, DC 20590.
     Hand Delivery: U.S. Department of Transportation, Docket
Operations, M-30, West Building Ground Floor, Room W12-140, 1200 New
Jersey Avenue SE., Washington, DC 20590, between 9 a.m. and 5 p.m.,
Monday through Friday, except Federal holidays.
    For service information identified in this AD, contact Rolls-Royce
plc, Corporate Communications, P.O. Box 31, Derby, England, DE248BJ;
phone: 011-44-1332-242424; fax: 011-44-1332-249936; or email: http://www.rolls-royce.com/contact/civil_team.jsp. You may view this service
information at the FAA, Engine & Propeller Directorate, 1200 District
Avenue, Burlington, MA 01803. For information on the availability of
this material at the FAA, call<PHONE_NUMBER>. It is also available on
the Internet at http://www.regulations.gov by searching for and
locating Docket No. FAA-2012-0004.

Examining the AD Docket

    You may examine the AD docket on the Internet at http://www.regulations.gov by searching for and locating Docket No. FAA-2012-
0004; or in person at the Docket Management Facility between 9 a.m. and
5 p.m., Monday through Friday, except Federal holidays. The AD docket
contains this AD, the mandatory continuing airworthiness information,
regulatory evaluation, any comments received, and other information.
The address for the Docket Office (phone:<PHONE_NUMBER>) is in the
ADDRESSES section. Comments will be available in the AD docket shortly
after receipt.

FOR FURTHER INFORMATION CONTACT: Robert Green, Aerospace Engineer,
Engine Certification Office, FAA, Engine & Propeller Directorate, 1200
District Avenue, Burlington, MA 01803; phone:<PHONE_NUMBER>; fax: 781-
238-7199; email<EMAIL_ADDRESS>
SUPPLEMENTARY INFORMATION:

Comments Invited

    This AD is a final rule that involves requirements affecting flight
safety and was not preceded by notice and an opportunity for public
comment. However, we invite you to send any written data, views, or
arguments about this AD. Send your comments to an address listed under
the ADDRESSES section. Include ``Docket No. FAA-2012-0004; Directorate
Identifier 2012-NE-01-AD'' at the beginning of your comments. We
specifically invite comments on the overall regulatory, economic,
environmental, and energy aspects of this AD. We will consider all
comments received by the closing date and may amend this AD because of
those comments.
    We will post all comments we receive, without change, to http://www.regulations.gov, including any personal information you provide. We
will also post a report summarizing each substantive verbal contact we
receive about this AD.

Discussion

    On March 7, 2013, we issued AD 2013-05-18, Amendment 39-17390 (78
FR 17297, March 21, 2013), for all RR RB211 Trent 500 series turbofan
engines. AD 2013-05-18 required initial and repetitive inspections of
the fuel tubes, fuel tube clips, and FOHE mounts for evidence of
damage, wear, and fuel leakage. AD 2013-05-18 resulted from reports of
wear found between the securing clips and the LP fuel tube outer
surface, which reduces the fuel tube wall thickness, leading to
fracture of the fuel tube and consequent fuel leakage. We issued AD
2013-05-18 to prevent engine fuel leaks, which could result in engine
damage and damage to the airplane.

Actions Since AD 2013-05-18 Was Issued

    Since we issued AD 2013-05-18, RR has determined that the
repetitive inspection interval should be reduced. Also since we issued
AD 2013-05-18, the European Aviation Safety Agency (EASA) has issued AD
2016-0227, dated November 10, 2016, which requires correcting some
technical instructions and reducing the inspection interval.

Related Service Information Under 1 CFR Part 51

    We reviewed RR Alert Non Modification Service Bulletin (NMSB)
RB.211-73-AG948, Revision 3, dated September 9, 2016. The NMSB
describes procedures for inspecting, removing, and replacing the LP
fuel tubes, fuel tube clips, and FOHE mounts. This service information
is reasonably

available because the interested parties have access to it through
their normal course of business or by the means identified in the
ADDRESSES section.

FAA's Determination

    We are issuing this AD because we evaluated all the relevant
information and determined the unsafe condition described previously is
likely to exist or develop in other products of the same type design.

AD Requirements

    This AD requires repetitive inspections of the LP fuel tubes and
fuel tube clips, and FOHE mounts for evidence of damage, wear, and fuel
leakage.

FAA's Justification and Determination of the Effective Date

    No domestic operators use this product. Therefore, we find that
notice and opportunity for prior public comment are unnecessary and
that good cause exists for making this amendment effective in less than
30 days.

Costs of Compliance

    We estimate that this AD affects no engines installed on airplanes
of U.S. registry.
    We estimate the following costs to comply with this AD:

                                                 Estimated Costs
----------------------------------------------------------------------------------------------------------------
                                                                                Cost per      Cost on U.S.
                Action                         Labor cost           Parts cost        product        operators
----------------------------------------------------------------------------------------------------------------
Inspection............................  5 work-hours x $85 per                $0            $425              $0
                                         hour = $425.
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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

    This AD will not have federalism implications under Executive Order
13132. This AD will 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 above, I certify that this AD:
    (1) Is not a ``significant regulatory action'' under Executive
Order 12866,
    (2) Is not a ``significant rule'' under 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.

List of Subjects in 14 CFR Part 39

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

Adoption of the Amendment

    Accordingly, under the authority delegated to me by the
Administrator, the FAA amends part 39 of the Federal Aviation
Regulations (14 CFR part 39) as follows:

PART 39--AIRWORTHINESS DIRECTIVES

0
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]

0
2. The FAA amends Sec.  39.13 by removing airworthiness directive (AD)
2013-05-18, Amendment 39-17390 (78 FR 17297, March 21, 2013), and
adding the following new AD:

2017-03-03 Rolls-Royce plc: Amendment 39-18794; Docket No. FAA-2012-
0004; Directorate Identifier 2012-NE-01-AD.

(a) Effective Date

    This AD is effective March 17, 2017.

(b) Affected ADs

    This AD supersedes AD 2013-05-18, Amendment 39-17390 (78 FR
17297, March 21, 2013).

(c) Applicability

    This AD applies to Rolls-Royce plc (RR) RB211 Trent 553-61,
RB211 Trent 553A2-61, RB211 Trent 556-61, RB211 Trent 556A2-61,
RB211 Trent 556B-61, RB211 Trent 556B2-61, RB211 Trent 560-61, and
RB211 Trent 560A2-61 turbofan engines that have any of the following
fuel tube part numbers installed: FW57605, FW17689, FW57604,
FK30710, FW57578, or FK30713.

(d) Subject

    Joint Aircraft System Component (JASC) Code 7921, Engine Oil
Cooler.

(e) Unsafe Condition

    This AD was prompted by reports of wear found between the
securing clips and the low-pressure (LP) fuel tube outer surface,
which reduces the fuel tube wall thickness, leading to fracture of
the fuel tube and consequent fuel leakage. We are issuing this AD to
prevent engine fuel leaks, which could result in engine damage and
damage to the airplane.

(f) Compliance

    Comply with this AD within the compliance times specified,
unless already done.

(g) Required Actions

    (1) Inspect the LP fuel tubes, clips, and fuel/oil heat
exchanger (FOHE) mounts of the LP fuel system of engines that are on
wing within 1,600 flight hours after February 24, 2012, or before
the next flight after the effective date of this AD, whichever
occurs later. Use the Accomplishment Instructions, paragraph 3.A, of
RR Alert Non-Modification Service Bulletin (NMSB) RB.211-73-AG948,
Revision 3, dated September 9, 2016, to do the inspection.
    (2) At intervals not to exceed 5,000 engine flight hours (EFH),
reinspect the LP fuel tubes, clips, and FOHE mounts using the
Accomplishment Instructions, paragraph 3.A or 3.B, of RR Alert NMSB
RB.211-73-AG948, Revision 3, dated September 9, 2016.
    (3) If the LP fuel system fails the inspections required by
paragraphs (g)(1) and (2) of this AD, replace the part(s) that
failed the inspection with hardware eligible for installation before
further flight.
    (4) At any shop visit after the effective date of this AD,
inspect the LP fuel system using the Accomplishment Instructions,
paragraph 3.B, of RR Alert NMSB RB.211-73-AG948, Revision 3, dated
September 9, 2016.

(h) Definitions

    (1) For the purpose of this AD, a shop visit is the induction of
an engine into the shop for maintenance or overhaul. The separation
of engine flanges solely for the purpose of

transporting the engine without subsequent engine maintenance does
not constitute an engine shop visit.
    (2) For the purposes of paragraph (g)(2) of this AD, EFHs are
those accumulated by the engine since the most recent accomplishment
of any RR Service Bulletin (SB), NMSB, or Alert NMSB listed in
paragraphs (h)(2)(i) through (h)(2)(v) of this AD:
    (i) Accomplishment of RR SB RB.211-73-F737, Revision 5, dated
June 9, 2009, or earlier versions.
    (ii) Accomplishment of RR SB RB.211-73-F738, Revision 2, dated
February 20, 2015, or earlier versions.
    (iii) Last inspection in accordance with RR Alert NMSB RB.211-
73-AG797, Revision 2, dated June 13, 2012.
    (iv) Last inspection in accordance with RR NMSB RB.211-73-G723,
Revision 1, dated January 31, 2012.
    (v) Last inspection in accordance with RR Alert NMSB RB.211-73-
AG948, Revision 3, dated September 9, 2016.

(i) Credit for Previous Actions

    You may take credit for the initial inspections required by
paragraphs (g)(1) and (2) of this AD, if you performed these
inspections before the effective date of this AD, using RR Alert
NMSB RB.211-73-AG948, Revision 2, or earlier versions; RR NMSB
RB.211-73-G723, Revision 1, or earlier versions; or RR Alert NMSB
RB.211-73-AG797, Revision 2, or earlier versions.

(j) Alternative Methods of Compliance (AMOCs)

    The Manager, Engine Certification Office, may approve AMOCs for
this AD. Use the procedures found in 14 CFR 39.19 to make your
request. You may email your request to<EMAIL_ADDRESS>
(k) Related Information

    (1) For more information about this AD, contact Robert Green,
Aerospace Engineer, Engine Certification Office, FAA, Engine &
Propeller Directorate, 1200 District Avenue, Burlington, MA 01803;
phone:<PHONE_NUMBER>; fax:<PHONE_NUMBER>; email<EMAIL_ADDRESS>    (2) Refer to MCAI EASA AD 2016-0227, dated November 10, 2016,
for more information. You may examine the MCAI in the AD docket on
the Internet at http://www.regulations.gov by searching for and
locating it in Docket No. FAA-2012-0004.
    (3) RR SB RB.211-73-F737, Revision 5, dated June 9, 2009; SB
RB.211-73-F738, Revision 2, dated February 20, 2015; RR NMSB RB.211-
73-G723, Revision 1, dated January 31, 2012; and RR Alert NMSB
RB.211-73-AG797, Revision 2, dated June 13, 2012, which are not
incorporated by reference in this AD, can be obtained from RR, using
the contact information in paragraph (l)(3) of this AD.

(l) Material Incorporated by Reference

    (1) The Director of the Federal Register approved the
incorporation by reference (IBR) of the service information listed
in this paragraph under 5 U.S.C. 552(a) and 1 CFR part 51.
    (2) You must use this service information as applicable to do
the actions required by this AD, unless the AD specifies otherwise.
    (i) Rolls-Royce plc (RR) Alert Non-Modification Service Bulletin
RB.211-73-AG948, Revision 3, dated September 9, 2016.
    (ii) Reserved.
    (3) For RR service information identified in this AD, contact
Rolls-Royce plc, Corporate Communications, P.O. Box 31, Derby,
England, DE248BJ; phone: 011-44-1332-242424; fax: 011-44-1332-
249936; email: http://www.rolls-royce.com/contact/civil_team.jsp.
    (4) You may view this service information at FAA, Engine &
Propeller Directorate, 1200 District Avenue, Burlington, MA 01803.
For information on the availability of this material at the FAA,
call<PHONE_NUMBER>.
    (5) You may view this service information at the National
Archives and Records Administration (NARA). For information on the
availability of this material at NARA, call<PHONE_NUMBER>, or go to:
http://www.archives.gov/federal-register/cfr/ibr-locations.html.

    Issued in Burlington, Massachusetts, on January 27, 2017.
Colleen M. D'Alessandro,
Manager, Engine & Propeller Directorate, Aircraft Certification
Service.
[FR Doc. 2017-04053 Filed 3-1-17; 8:45 am]
 BILLING CODE 4910-13-P


[Federal Register: March 28, 2008 (Volume 73, Number 61)]
[Notices]
[Page 16667]
[DOCID:fr28mr08-64]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. CP08-96-000]

Arlington Storage Company, LLC; Notice of Filing

March 24, 2008.
    Take notice that on March 14, 2008, Arlington Storage Company, LLC
(ASC), Two Brush Creek Boulevard, Kansas City, Missouri 64112, filed an
application, pursuant to Section 7(c) of the Natural Gas Act (NGA) and
Parts 157 and 284 of the Commission's Rules and Regulations, for a
certificate of public convenience and necessity authorizing ASC to
develop and operate a depleted reservoir of natural gas project in
Steuben County, New York known as the Thomas Corners Project (Project).
The application is on file with the Commission and open for public
inspection. This filing 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, please contact FERC Online Support
at<EMAIL_ADDRESS>or toll free at<PHONE_NUMBER>, or for
TTY, contact<PHONE_NUMBER>.
    The Project will involve conversion of the depleted Thomas Corners
Field in the Town of Bath in Steuben County, New York, into an
underground gas storage facility. The Project will have a working gas
storage capacity of 7.0 Bcf and interconnections with the interstate
pipeline systems of Tennessee Gas Pipeline Company (TGP) and Columbia
Gas Transmission Corporation (Columbia). ASC also proposes to install
and operate an interconnection and metering facilities connecting to a
local distribution company, Corning Natural Gas Company (Corning). ASC
requests authority to charge market-based rates for the Project and
proposes to commence construction in October 2008.
    Any questions regarding the application are to be directed to
William R. Moler, Senior Vice President, Midstream Operations,
Arlington Storage Company, Two Brush Creek Boulevard, Kansas City,
Missouri 64112; phone number<PHONE_NUMBER> or by e-mail at
<EMAIL_ADDRESS>    Any person wishing to obtain legal status by becoming a party to
the proceedings for this project should, on or before the below listed
comment date, file with the Federal Energy Regulatory Commission, 888
First Street, NE., Washington, DC 20426, a motion to intervene in
accordance with the requirements of the Commission's Rules of Practice
and Procedure (18 CFR 385.214 or 385.211) and the Regulations under the
NGA (18 CFR 157.10). A person obtaining party status will be placed on
the service list maintained by the Secretary of the Commission and will
receive copies of all documents filed by the applicant and by all other
parties. A party must submit 14 copies of filings made with the
Commission and must mail a copy to the applicant and to every other
party in the proceeding. Only parties to the proceeding can ask for
court review of Commission orders in the proceeding.
    Motions to intervene, protests and comments may be filed
electronically via the Internet in lieu of paper, see, 18 CFR 385.2001
(a)(1)(iii) and the instructions on the Commission's Web site under the
``e-Filing'' link. The Commission strongly encourages electronic
filings.
    Comment Date: April 14, 2008.

Kimberly D. Bose,
Secretary.
 [FR Doc. E8-6415 Filed 3-27-08; 8:45 am]

BILLING CODE 6717-01-P


[Federal Register Volume 77, Number 194 (Friday, October 5, 2012)]
[Notices]
[Pages 61042-61044]
[FR Doc No: 2012-24575]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-67954; File No. SR-ICC-2012-16]

Self-Regulatory Organizations; ICE Clear Credit LLC; Notice of
Filing and Order Granting Accelerated Approval of Proposed Rule Change
To Revise Rules Related to Clearing Certainty Requirements

October 1, 2012.
    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

September 25, 2012, ICE Clear Credit LLC (``ICC'') filed with the
Securities and Exchange Commission (``Commission'') the proposed rule
changes described in Items I and II below, which Items have been
prepared primarily by ICC. The Commission is publishing this notice to
solicit comments on the proposed rule change from interested persons
and to approve the proposed rule change on an accelerated basis.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    ICC is in regular communication with representatives of its
Clearing Participants, as that term is defined in the Rules of ICC (the
``Rules'') in relation to the operation of clearing processes and
arrangements. The purpose of the proposed rule changes is to (i)
implement new clearing certainty requirements consistent with Commodity
Futures Trading Commission (``CFTC'') Rules 39.12(b)(7) and 23.506,
which become effective on October 1, 2012, and (ii) consolidate the
rules in connection with the clearance of house and backloaded trades.
These changes also seek to improve drafting and cross-references within
the ICC Rules. All capitalized terms not defined herein are defined in
the Rules.

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

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

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

    As noted above, the principal purpose of the proposed rule changes
is to implement the CFTC's clearing certainty requirements and to
conform such rules to the new CFTC Rules 39.12(b)(7)(ii) and (iii) and
Rule 23.506. Specifically, the proposed rule changes affect Part 3 of
the ICC Rules by addressing the timeframe under which trades must be
accepted or rejected for clearing under new CFTC rules and
consolidating the provisions governing the way new trades and
backloaded trades are submitted to ICC. Finally, certain definitions
found in Part 1 of the Rules are amended to account for changes in Part
3. Each of these changes is described in detail as follows.
    In Part 1 of the ICC Rules, the definition of ``Backloaded Trade''
has been consolidated to cover trades that are intended to replace and
backload an existing agreement on terms equivalent to a Contract either
(i) between two Participants for their own accounts or (ii) to which a
Non-Participant Party is party, where the relevant Participant is
acting for such Non-Participant Party.
    The original Rule 301(b), the statement relating to ``Weekly Cycle
Interdealer Trades'' is deleted and consolidated with the new Rule
301(c), which covers Backloaded Trades. In addition, the original Rule
301(f) is deleted and consolidated into the new Rule 301(b). A
corresponding consolidation is proposed for the original Rules 309(b)
and Rule 309(c) in order to conform it to the changes made in Rule 301.
ICC believes that these changes are improvements in operational
services that are administrative in nature or codify existing
practices.\3\
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    \3\ The Commission has modified the text of the summaries
prepared by ICC to reflect information communicated during a phone
call with Michelle Weiler, Assistant General Counsel, on September
28, 2012.
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    Under the proposed new Rule 309(d), ICC has incorporated new CFTC
Rule 39.12(b)(7)(ii), which requires, among other things, that ICC
accept or reject trades submitted for clearance that are executed
competitively on or subject to the rules of a designated contract
market or swap execution facility as soon after execution as would be
technologically practicable if fully automated systems were used.
    Under the proposed new Rule 309(e), ICC has incorporated the new
CFTC Rule 39.12(b)(7)(iii), which requires, among other things, that
ICC accept or reject trades submitted for clearance that are not
executed competitively on or subject to the rules of a designated
contract market or swap execution facility as soon after submission for
clearing as would be technologically practicable if fully automated
systems were used.
    Finally, under the new proposed Rule 315, ICC has incorporated the
standards of CFTC Rule 1.74(b) and required that Participants must
accept or reject each Trade submitted by or for the Participant or its
customers as quickly as would be technologically practicable if fully
automated systems were used. Participants would also be required to
submit such Trades to ICC following such acceptance as quickly as would
be practicable if fully automated systems were used.
    ICC believes that the proposed rule changes are consistent with the
purposes and requirements of Section 17A of the Act and the rules and
regulations thereunder applicable to it. ICC believes that implementing
the CFTC's clearing certainty requirements will comply with the Act and
the rules and regulations thereunder.

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

    ICC does not believe the proposed rule change would have any
impact, or impose any burden, on competition.

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

    Written comments relating to the proposed rule change have not been
solicited or received. ICC will notify the Commission of any written
comments received by ICC.

III. 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-ICC-2012-16 on the subject line.

Paper Comments

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

All submissions should refer to File Number SR-ICC-2012-16. 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 ICC and on ICC's
Web site at https://www.theice.com/publicdocs/regulatory_filings/ICEClearCredit_091912a.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-ICC-2012-16
and should be submitted on or before October 26, 2012.

IV. Commission's Findings and Order Granting Accelerated Approval of
Proposed Rule Change

    Section 19(b) of the Act \4\ directs the Commission to approve a
proposed rule change of a self-regulatory organization if it finds that
such proposed rule change is consistent with the requirements of the
Act and the rules and regulations thereunder applicable to such
organization. The Commission finds that the proposed rule change is
consistent with the requirements of the Act, in particular the
requirements of Section 17A of the Act, and the rules and regulations
thereunder applicable to ICC.\5\ Specifically, the Commission finds
that the proposed rule change is consistent with Section 17A(b)(3)(F)
of the Act, which requires, among other things, that the rules of a
registered clearing agency be designed to promote the prompt and
accurate clearance and settlement of securities transactions and, to
the extent applicable, derivative agreements, contracts, and
transactions.\6\
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    \4\ 15 U.S.C. 78s(b).
    \5\ 15 U.S.C. 78q-1. In approving this proposed rule change, the
Commission has considered the proposed rule's impact on efficiency,
competition, and capital formation. 15 U.S.C. 78c(f).
    \6\ 15 U.S.C. 78q-1(b)(3)(F).
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    In its filing, ICC requested that the Commission approve this
proposed rule change on an accelerated basis for good cause shown. ICC
cites as the reason for this request that the rule change is a
straightforward operational change that is required in order to be in
compliance with CFTC Rules 39.12(b)(7) on the October 1, 2012 effective
date of this rule.
    The Commission finds good cause, pursuant to Section 19(b)(2) of
the Act,\7\ for approving the proposed rule change prior to the 30th
day after the date of publication of notice in the Federal Register
because, as a derivatives clearing organization registered with the
CFTC, ICC must amend certain of its rules to comply with CFTC
Regulation 39.12(b)(7), which becomes effective on October 1, 2012.
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    \7\ 15 U.S.C. 78s(b)(2).
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V. Conclusion

    It is therefore ordered, pursuant to Section 19(b)(2) of the Act,
that the proposed rule change (SR-ICC-2012-16) be, and hereby is,
approved on an accelerated basis.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\8\
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    \8\ 17 CFR 200.30-3(a)(12).
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Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-24575 Filed 10-4-12; 8:45 am]
BILLING CODE 8011-01-P