[Federal Register Volume 85, Number 101 (Tuesday, May 26, 2020)]
[Notices]
[Pages 31491-31493]
[FR Doc No: 2020-11240]

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

DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. RD20-1-000]

Commission Information Collection Activities (FERC-725G); Comment
Request; Extension

AGENCY: Federal Energy Regulatory Commission, Department of Energy.

ACTION: Notice of information collection and request for comments.

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

SUMMARY: In compliance with the requirements of the Paperwork Reduction
Act of 1995, the Federal Energy Regulatory Commission (Commission or
FERC) is soliciting public comment on the currently approved
information collection FERC-725G (Mandatory Reliability Standards for
the Bulk-Power System: PRC Standards: Regional Reliability Standard
PRC-006-NPCC-2 Automatic Underfrequency Load-Shedding (UFLS)) and
submitting the information collection to the Office of Management and
Budget (OMB) for review. Any interested person may file comments
directly with OMB and should address a copy of those comments to the
Commission as explained below.

DATES: Comments on the collection of information are due June 25, 2020.

ADDRESSES: Comments filed with OMB, identified by OMB Control No. 1902-
0252. Send written comments on FERC-725G to OMB thru www.reginfo.gov/public/do/PRAMain. Attention: Federal Energy Regulatory Commission Desk
Officer. Please identify the OMB Control Number (1902-0252) in the
subject line of your comments and should be sent within 30 days of
publication of this notice to www.reginfo.gov/public/do/PRAMain. Using
the search function under the Currently Under Review field select
Federal Energy Regulatory Commission; click submit and select comment
to the right of the subject collection.
    A copy of the comments should also be sent to the Commission, in
Docket No. RD20-1-000, by either of the following methods:
     eFiling at Commission's Website: http://www.ferc.gov/docs-filing/efiling.asp.
     Mail/Express Services: Persons unable to file
electronically may mail similar pleadings to the Federal Energy
Regulatory Commission, 888 First Street NE, Washington, DC 20426. Hand
delivered submissions in docketed proceedings should be delivered to
Health and Human Services, 12225 Wilkins Avenue, Rockville, Maryland
20852.

Instructions

    OMB submissions: Must be formatted and filed in accordance with
submission guidelines at www.reginfo.gov/public/do/PRAMain; Using the
search function under the Currently Under Review field select Federal
Energy Regulatory Commission; click ``submit'' and select comment to
the right of the subject collection.
    FERC submissions: Must be formatted and filed in accordance with
submission guidelines at: http://www.ferc.gov/help/submission-guide.asp. For user assistance, contact FERC Online Support by email at
<EMAIL_ADDRESS>or by phone at:<PHONE_NUMBER> (toll-free).
    Docket: Users interested in receiving automatic notification of
activity in this docket or in viewing/downloading comments and
issuances in this docket may do so at http://www.ferc.gov/docs-filing/docs-filing.asp.

FOR FURTHER INFORMATION CONTACT: Ellen Brown may be reached by email at
<EMAIL_ADDRESS>telephone at<PHONE_NUMBER>.

SUPPLEMENTARY INFORMATION:
    Title: FERC-725G (Mandatory Reliability Standards for the Bulk-
Power System: Regional Reliability Standard PRC-006-NPCC-2, Automatic
Underfrequency Load-Shedding (UFLS).
    OMB Control No.: 1902-0252.
    Type of Request: Revisions to the information collection, as
discussed in Docket No. RD20-1-000.
    Abstract: The proposed regional Reliability Standard applies to
generator owners, planning coordinators, distribution providers, and
transmission owners in the Northeast Power Coordinating Council Region
and is designed to ensure the development of an effective automatic
underfrequency load shedding (UFLS) program to preserve the security
and integrity of the Bulk-Power System during declining system
frequency events in coordination with the NERC continent-wide UFLS
Reliability Standard PRC-006-1.\1\ The Commission also proposes to
approve the related violation risk factors, violation severity levels,
implementation plan, and effective date proposed by NERC.
---------------------------------------------------------------------------

    \1\ Effective date of the standard is 4/1/2020.
---------------------------------------------------------------------------

    On August 8, 2005, Congress enacted into law the Electricity
Modernization Act of 2005, which is Title XII, Subtitle A, of the
Energy Policy Act of 2005

(EPAct 2005).\2\ EPAct 2005 added a new section 215 to the FPA, which
required a Commission-certified Electric Reliability Organization (ERO)
to develop mandatory and enforceable Reliability Standards, which are
subject to Commission review and approval. Once approved, the
Reliability Standards may be enforced by the ERO subject to Commission
oversight, or the Commission can independently enforce Reliability
Standards.\3\
---------------------------------------------------------------------------

    \2\ Energy Policy Act of 2005, Public Law 109-58, Title XII,
Subtitle A, 119 Stat. 594, 941 (codified at 16 U.S.C. 824o).
    \3\ 16 U.S.C. 824o(e)(3).
---------------------------------------------------------------------------

    On February 3, 2006, the Commission issued Order No. 672,
implementing section 215 of the FPA.\4\ Pursuant to Order No. 672, the
Commission certified one organization, North American Electric
Reliability Corporation (NERC), as the ERO.\5\ The Reliability
Standards developed by the ERO and approved by the Commission apply to
users, owners and operators of the Bulk-Power System as set forth in
each Reliability Standard.
---------------------------------------------------------------------------

    \4\ Rules Concerning Certification of the Electric Reliability
Organization; and Procedures for the Establishment, Approval, and
Enforcement of Electric Reliability Standards, Order No. 672, FERC
Stats. & Regs. 31,204, order on reh'g, Order No. 672-A, FERC Stats.
& Regs. 31,212 (2006).
    \5\ North American Electric Reliability Corp., 116 FERC 61,062,
order on reh'g and compliance, 117 FERC 61,126 (2006), order on
compliance, 118 FERC 61,190, order on reh'g, 119 FERC 61,046 (2007),
aff'd sub nom. Alcoa Inc. v. FERC, 564 F.3d 1342 (D.C. Cir. 2009).
---------------------------------------------------------------------------

    On December 23, 2019, the North American Electric Reliability
Corporation (NERC) and Northeast Power Coordinating Council, Inc.
(NPCC) filed a joint petition seeking approval of proposed regional
Reliability Standard PRC-006-NPCC-2 (NPCC Automatic Underfrequency Load
Shedding). NERC and NPCC state that regional Reliability Standard PRC-
006-NPCC-2 establishes consistent and coordinated requirements for the
design, implementation, and analysis of automatic underfrequency load
shedding (UFLS) programs among all NPCC applicable entities. These
requirements are more stringent and specific than the NERC continent-
wide UFLS Reliability Standard, PRC-006-3, and were established such
that the declining frequency is arrested and recovered in accordance
with NPCC performance requirements. NPCC revised currently effective
Regional Reliability Standard PRC-006-NPCC-1 to remove redundancies
with the Reliability Standard PRC-006-3, clarify obligations for
registered entities, improve communication of island boundaries to
affected registered entities, and provide entities with the flexibility
to calculate net load shed for UFLS in certain situations.
    On February 19, 2020, the Commission issued a Delegated Letter
Order, Docket No. RD20-1-000, approving proposed Reliability Standard
PRC-006-NPCC-2, the associated VRFs and VSLs, the Effective Date, and
the retirement of the currently effective Regional Reliability Standard
PRC-006-NPCC-1. The effective date for Reliability Standard PRC-006-
NPCC-2 is as of the date of this order, January 18, 2020.
    Type of Respondents: Generator owners, planning coordinators,
distribution providers, and transmission owners in the Northeast Power
Coordinating Council (NPCC) Region.
    Estimate of Annual Burden: \6\ Our estimates are based on the NERC
Compliance Registry Summary of Entities as of January 31, 2019.
According to the NERC compliance registry, and Functions as of, which
indicates there are registered as GO, PC, DP and TO entities.
---------------------------------------------------------------------------

    \6\ Burden is defined as the total time, effort, or financial
resources expended by persons to generate, maintain, retain, or
disclose or provide information to or for a federal agency. See 5
CFR 1320 for additional information on the definition of information
collection burden.
---------------------------------------------------------------------------

    The individual burden estimates are based on the time needed to
gather data, run studies, and analyze study results to design or update
the underfrequency load shedding programs. Additionally, documentation
and the review of underfrequency load shedding program results by
supervisors and management is included in the administrative
estimations. These are consistent with estimates for similar tasks in
other Commission approved standards.
    Estimates for the additional burden and cost imposed by the order
in Docket No. RD20-1-000 follow:
    Commission estimates the annual burden and cost \7\ as follows.
---------------------------------------------------------------------------

    \7\ The Commission staff estimates that industry is similarly
situated in terms of hourly cost (for wages plus benefits). Based on
the Commission's FY (Fiscal Year) 2019 average cost (for wages plus
benefits), $80.00/hour is used.

    RD20-1-000--Mandatory Reliability Standards for the Bulk-Power System: Regional Reliability Standard PRC-006-NPCC-2 Automatic Underfrequency Load
                                                                     Shedding (UFLS)
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                  Average annual
    Reliability standard &      Average annual       number of       Average annual    Average burden hours &   Total annual burden hours &    Cost per
         requirement               number of       responses per    total number of     cost ($) per response        cost ($) (rounded)       respondent
                                  respondents       respondent         responses                                                                 ($)
                                            (1)               (2)    (1) * (2) = (3)  (4).....................  (3) * (4) = (5)............    (5) / (1)
--------------------------------------------------------------------------------------------------------------------------------------------------------
GO \8\.......................               125                 1                125  24 hrs.; $1,920.........  3,000 hrs.; $240,000.......       $1,920
PC \9\.......................                 2                 1                  2  24 hrs.; $1,920.........  48 hrs.; $3,840............        1,920
DP \10\......................                51                 1                 51  24 hrs.; $1,920.........  1,224 hrs.; $97,920........        1,920
TO \11\......................                39                 1                 39  24 hrs.; $1,920.........  936 hrs.; $74,880..........        1,920
                              --------------------------------------------------------------------------------------------------------------------------
    Total....................  ................  ................                217  ........................  5,208 hrs.: $416,640.......  ...........
--------------------------------------------------------------------------------------------------------------------------------------------------------

    Comments: Comments are invited on: (1) Whether the collection of
information is necessary for the proper performance of the functions of
the Commission, including whether the information will have practical
utility; (2) the accuracy of the agency's estimate of the burden and
cost of the collection of information, including the validity of the
methodology and assumptions used; (3) ways to enhance the quality,
utility and clarity of the information collection; and (4) ways to
minimize the burden of the collection of information on those who are
to respond, including the use of automated collection techniques or
other forms of information technology.
---------------------------------------------------------------------------

    \8\ Generator Owner.
    \9\ Planning Coordinator.
    \10\ Distribution Provide.
    \11\ Transmission Owner.

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

    Dated: May 19, 2020.
Kimberly D. Bose,
Secretary.
[FR Doc. 2020-11240 Filed 5-22-20; 8:45 am]
BILLING CODE 6717-01-P


[Federal Register Volume 80, Number 149 (Tuesday, August 4, 2015)]
[Notices]
[Pages 46359-46362]
[FR Doc No: 2015-18883]

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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-75540; File No. SR-NYSEArca-2015-50]

Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing
of Amendment No. 1 and Order Granting Accelerated Approval of a
Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade
Shares of the Cambria Sovereign High Yield Bond ETF and the Cambria
Value and Momentum ETF Under NYSE Arca Equities Rule 8.600

July 28, 2015.

I. Introduction

    On June 19, 2015, NYSE Arca, Inc. (``Exchange'' or ``NYSE Arca'')
filed with the Securities and Exchange Commission (``Commission''),
pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act'') \1\ and Rule 19b-4 thereunder,\2\ a proposed rule change to
list and trade shares (``Shares'') of the Cambria Sovereign High Yield
Bond ETF and the Cambria Value and Momentum ETF (each a ``Fund,'' and
collectively ``Funds'') under NYSE Arca Equities Rule 8.600. The
proposed rule change was published for comment in the Federal Register
on July 2, 2015.\3\ On July 1, 2015, the Exchange filed Amendment No. 1
to the proposed rule change.\4\ The Commission received no comments on
the proposed rule change. The Commission is publishing this notice to
solicit comments on Amendment No. 1 from interested persons, and is
approving the proposed rule change, as modified by Amendment No. 1, on
an accelerated basis.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 75311 (June 26,
2015), 80 FR 38253 (``Notice'').
    \4\ In Amendment No. 1, the Exchange deletes references to
investments that the Funds will not be utilizing and clarifies that
U.S. exchange-listed and traded ADRs are included as ``Other
Investments'' only with respect to the Cambria Sovereign High Yield
Bond ETF. Amendment No. 1 is available at: http://www.sec.gov/comments/sr-nysearca-2015-50/nysearca201550.shtml.
---------------------------------------------------------------------------

II. The Exchange's Description of the Proposed Rule Change \5\
---------------------------------------------------------------------------

    \5\ The Commission notes that additional information regarding
the Trust, the Fund, its investments, and the Shares, including
investment strategies, risks, creation and redemption procedures,
fees, portfolio holdings disclosure policies, calculation of net
asset value (``NAV''), distributions, and taxes, among other things,
can be found in the Notice and the Registration Statement, as
applicable. See Notice, supra note 3, and Registration Statement,
infra note 6.
---------------------------------------------------------------------------

    The Exchange proposes to list and trade the Shares under NYSE Arca
Equities Rule 8.600, which governs the listing and trading of Managed
Fund Shares. The Shares will be offered by the Cambria ETF Trust
(``Trust''), a Delaware statutory trust which is registered with the
Commission as an open-end management investment company.\6\ Cambria
Investment Management, L.P. (``Cambria'' or the ``Adviser'') will serve
as the investment adviser of the Funds. SEI Investments Distribution
Co. will be the principal underwriter and distributor of the Funds'
Shares. SEI Investments Global Funds Services (``SEI GFS'') will serve
as the accountant and administrator of the Funds. Brown Brothers
Harriman & Co. will serve as the custodian and transfer agent of the
Funds' assets.
---------------------------------------------------------------------------

    \6\ The Exchange states that the Trust will be registered under
the 1940 Act. According to the Exchange, on August 27, 2014, the
Trust filed an amendment to the Trust's registration statement on
Form N-1A under the Securities Act of 1933 (the ``1933 Act'') (15
U.S.C. 77a), and under the 1940 Act relating to the Funds (File Nos.
333-180879 and 811-22704) (the ``Registration Statement''). The
Exchange states that the Commission has issued an order granting
certain exemptive relief to the Trust under the 1940 Act. See
Investment Company Act Release No. 30340 (File No. 812-13959)
(January 4, 2013).
---------------------------------------------------------------------------

Cambria Sovereign High Yield Bond ETF

    The Exchange states that, under normal market conditions,\7\ at
least 80% of the value of the Fund's net assets (plus borrowings for
investment purposes) will be invested in sovereign and quasi-sovereign
high yield bonds (commonly known as ``junk bonds''). For the purposes
of this policy, sovereign and quasi-sovereign high yield bonds include
exchange-traded funds (``ETFs'') \8\ and exchange-traded notes
(``ETNs'') \9\ that invest in or have exposure to such bonds. The Fund
will invest in emerging and developed countries, including countries
located in the G-20 and other countries. Sovereign bonds include debt
securities issued by a national government, instrumentality or
political sub-division. Quasi-sovereign bonds include debt securities
issued by a supra-national government or a state-owned enterprise or
agency. The sovereign and quasi-sovereign bonds that the Fund will
invest in may be denominated in local and foreign currencies. The Fund
may invest in securities of any duration or maturity. The Exchange
states that the Fund may invest up to 20% of its net assets in money
market instruments or other high quality debt securities, cash or cash
equivalents, or ETFs and ETNs that invest in, or provide exposure to,
such instruments or securities.
---------------------------------------------------------------------------

    \7\ The term ``under normal market conditions'' includes, but is
not limited to, the absence of extreme volatility or trading halts
in the equity markets or the financial markets generally;
operational issues causing dissemination of inaccurate market
information; or force majeure type events such as systems failure,
natural or man-made disaster, act of God, armed conflict, act of
terrorism, riot or labor disruption or any similar intervening
circumstance.
    \8\ For purposes of this filing, the term ``ETFs'' includes
Investment Company Units (as described in NYSE Arca Equities Rule
5.2(j)(3)); Portfolio Depositary Receipts (as described in NYSE Arca
Equities Rule 8.100); and Managed Fund Shares (as described in NYSE
Arca Equities Rule 8.600). All ETFs will be listed and traded in the
U.S. on a national securities exchange. While the Funds may invest
in inverse ETFs, the Funds will not invest in leveraged (e.g., 2X, -
2X, 3X or -3X) ETFs.
    \9\ For purposes of this filing, the term ``ETNs'' includes
Index-Linked Securities (as described in NYSE Arca Equities Rule
5.2(j)(6)). All ETNs will be listed and traded in the U.S. on a
national securities exchange. The Funds will not invest in leveraged
(e.g., 2X, -2X, 3X or -3X) ETNs.
---------------------------------------------------------------------------

Cambria Value and Momentum ETF

    The Exchange states that, under normal market conditions, at least
80% of the value of the Fund's net assets will be invested in U.S.
exchange-listed equity securities that are undervalued according to
various valuation metrics.
    In attempting to avoid overvalued and downtrending markets, the
Fund may use U.S. exchange-traded stock index futures or options
thereon, or take short positions in ETFs to attempt to hedge the long
equity portfolio during times when Cambria believes that the U.S.
equity market is overvalued from a valuation standpoint, or Cambria's
models identify unfavorable trends and momentum in the U.S. equity
market. The Fund may hedge up to 100% of the value of the Fund's long
portfolio using these strategies. During certain periods, including to
collateralize the Fund's investments in futures contracts, the Fund may
invest up to 20% of the value

of its net assets in U.S. dollar and non-U.S. dollar denominated money
market instruments or other high quality debt securities, or ETFs that
invest in these instruments. The Fund may invest in securities of
companies in any industry, and will limit the maximum allocation to any
particular sector.

Other Investments

    According to the Exchange, while each Fund, under normal market
conditions, will invest at least 80% of the value of its net assets
(plus borrowings for investment purposes) in the securities and other
assets described above, each Fund may invest its remaining assets in
the securities and financial instruments described below.
    A Fund may invest a portion of its assets in cash or cash items
pending other investments or to maintain liquid assets required in
connection with some of a Fund's investments. A Fund may invest in
corporate debt securities. A Fund may invest in commercial paper,
master notes and other short-term corporate instruments that are
denominated in U.S. dollars. A Fund may invest in the following types
of debt securities in addition to those described above as principal
investments: Securities issued or guaranteed by the U.S. Government,
its agencies, instrumentalities, and political subdivisions; securities
issued or guaranteed by foreign governments, their authorities,
agencies, instrumentalities and political subdivisions; securities
issued or guaranteed by supra-national agencies; corporate debt
securities; time deposits; notes; inflation-indexed securities; and
repurchase agreements; indexed bonds; and zero coupon securities.\10\
The Cambria Sovereign High Yield Bond ETF may gain exposure to foreign
securities by purchasing U.S. exchange-listed and traded American
Depositary Receipts (``ADRs'') and each of the Funds may gain exposure
to foreign securities by purchasing exchange-traded European Depositary
Receipts (``EDRs'') and Global Depositary Receipts (``GDRs'', together
with ADRs and EDRs, ``Depositary Receipts'').\11\ The Cambria Sovereign
High Yield Bond ETF may enter into forward foreign currency contracts.
---------------------------------------------------------------------------

    \10\ The debt and other fixed income securities in which a Fund
may invest include fixed and floating rate securities of any
maturity.
    \11\ See Amendment No. 1, supra note 4. The Exchange states that
not more than 10% of the net assets of a Fund in the aggregate
invested in exchange-traded equity securities shall consist of
equity securities whose principal market is not a member of the
Intermarket Surveillance Group (``ISG'') or party to a comprehensive
surveillance sharing agreement (``CSSA'') with the Exchange. See
Notice, supra note 3, 80 FR at 38255.
---------------------------------------------------------------------------

III. Discussion and Commission's Findings

    After careful review, the Commission finds that the proposed rule
change is consistent with the requirements of Section 6 of the Act \12\
and the rules and regulations thereunder applicable to a national
securities exchange.\13\ In particular, the Commission finds that the
proposed rule change is consistent with Section 6(b)(5) of the Act,\14\
which requires, among other things, that the Exchange's rules be
designed to prevent fraudulent and manipulative acts and practices, to
promote just and equitable principles of trade, 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. The Commission notes that the Funds and the Shares must
comply with the requirements of NYSE Arca Equities Rule 8.600 for the
Shares to be listed and traded on the Exchange.
---------------------------------------------------------------------------

    \12\ 15 U.S.C. 78f.
    \13\ In approving this proposed rule change, the Commission
notes that it has considered the proposed rule's impact on
efficiency, competition, and capital formation. See 15 U.S.C.
78c(f).
    \14\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------

    The Commission finds that the proposal to list and trade the Shares
on the Exchange is consistent with Section 11A(a)(1)(C)(iii) of the
Act,\15\ which sets forth Congress's finding that it is in the public
interest and appropriate for the protection of investors and the
maintenance of fair and orderly markets to assure the availability to
brokers, dealers, and investors of information with respect to
quotations for, and transactions in, securities. According to the
Exchange, quotation and last-sale information for the Shares and equity
portfolio holdings of the Funds that are U.S. exchange listed,
including common stocks, preferred stocks, ETFs, ETNs, Depositary
Receipts, and real estate investment trusts (``REITs''), will be
available via the Consolidated Tape Association high-speed line. In
addition, the Intraday Indicative Value (``IIV''), which is the
Portfolio Indicative Value as defined in NYSE Arca Equities Rule
8.600(c)(3), will be widely disseminated at least every 15 seconds
during the Core Trading Session by one or more major market data
vendors.\16\ On each business day, before commencement of trading in
Shares in the Core Trading Session (as defined in NYSE Arca Equities
Rule 7.34(a)(2)), each Fund will disclose on its Web site the Disclosed
Portfolio (as defined in NYSE Arca Equities Rule 8.600(c)(2)) that will
form the basis for such Fund's calculation of NAV at the end of the
business day.\17\ The NAV of each Fund will be calculated each business
day by SEI GFS as of the close of regular trading on the NYSE,
generally 4:00 p.m., Eastern Time on each day that the NYSE is open. A
basket composition file, which will include the security names and
share quantities required to be delivered in exchange for each Fund's
shares, together with estimates and actual cash components, will be
publicly disseminated daily prior to the opening of the New York Stock
Exchange via the National Securities Clearing Corporation. Information
regarding market price and trading volume of the Shares will be
continually available on a real-time basis throughout the day on
brokers' computer screens and other electronic services. Information
regarding the previous day's closing price and trading volume
information for the Shares will be published daily in the financial
section of newspapers. The Web site for the Funds will include a form
of the prospectus for the Funds and additional data relating to NAV and
other applicable quantitative information.
---------------------------------------------------------------------------

    \15\ 15 U.S.C. 78k-1(a)(1)(C)(iii).
    \16\ According to the Exchange, the IIV does not necessarily
reflect the precise composition of the current portfolio of
securities held by a Fund at a particular point in time. The IIV
should not be viewed as a ``real-time'' update of the NAV of a Fund
because the approximate value may not be calculated in the same
manner as the NAV. The quotations for certain investments may not be
updated during U.S. trading hours if such holdings do not trade in
the U.S., except such quotations may be updated to reflect currency
fluctuations.
    \17\ On a daily basis, the Funds will disclose on their Web site
the following information for each Fund regarding their portfolio
holdings, as applicable to the type of holding: ticker symbol, CUSIP
number or other identifier, if any; a description of the holding
(including the type of holding, such as the type of swap); the
identity of the security, commodity, index or other asset or
instrument underlying the holding, if any; for options, the option
strike price; quantity held (as measured by, for example, par value,
notional value or number of shares, contracts or units); maturity
date, if any; coupon rate, if any; effective date, if any; market
value of the holding; and the percentage weighting of the holding in
a Fund's portfolio. The Web site information will be publicly
available at no charge.
---------------------------------------------------------------------------

    The Commission further believes that the proposal to list and trade
the Shares is reasonably designed to promote fair disclosure of
information that may be necessary to price the Shares appropriately and
to prevent trading when a reasonable degree of transparency cannot be
assured. The Commission notes that the Exchange will obtain a
representation from the issuer of the Shares that the NAV per Share
will be calculated daily and that the NAV and the Disclosed Portfolio

will be made available to all market participants at the same time.\18\
In addition, trading in the Shares will be subject to NYSE Arca
Equities Rule 8.600(d)(2)(D), which sets forth circumstances under
which Shares of a Fund may be halted. The Exchange may halt trading in
the Shares if trading is not occurring in the securities and/or the
financial instruments constituting the Disclosed Portfolio of a Fund,
or if other unusual conditions or circumstances detrimental to the
maintenance of a fair and orderly market are present.\19\ Further, the
Commission notes that the Reporting Authority that provides the
Disclosed Portfolio of each Fund must implement and maintain, or be
subject to, procedures designed to prevent the use and dissemination of
material, non-public information regarding the actual components of the
portfolio.\20\ The Commission notes that the Financial Industry
Regulatory Authority (``FINRA''), on behalf of the Exchange,\21\ will
communicate as needed regarding trading in the Shares and any
underlying common stocks, preferred stocks, Depositary Receipts, REITs,
ETFs, ETNs, futures and options on futures with other markets and other
entities that are members of the Intermarket Surveillance Group. FINRA,
on behalf of the Exchange, may obtain trading information regarding
trading in the Shares, ETFs, ETNs, futures and options on futures from
such markets and other entities. In addition, the Exchange may obtain
information regarding trading in the Shares, common stocks, preferred
stocks, Depositary Receipts, REITs, ETFs, ETNs, futures and options on
futures from markets and other entities that are members of ISG or with
which the Exchange has in place a comprehensive surveillance sharing
agreement. The Exchange states that it has a general policy prohibiting
the distribution of material, non-public information by its employees.
The Exchange also states that the Adviser is not registered as a
broker-dealer or affiliated with a broker-dealer. In the event (a) the
Adviser or any sub-adviser becomes registered as a broker-dealer or
newly affiliated with a broker-dealer, or (b) any new adviser or sub-
adviser is a registered broker-dealer or becomes affiliated with a
broker-dealer, the Exchange states that the Adviser will implement a
fire wall with respect to its relevant personnel or broker-dealer
affiliate regarding access to information concerning the composition
and/or changes to the portfolio, and will be subject to procedures
designed to prevent the use and dissemination of material non-public
information regarding such portfolio.
---------------------------------------------------------------------------

    \18\ See NYSE Arca Equities Rule 8.600(d)(1)(B).
    \19\ See NYSE Arca Equities Rule 8.600(d)(2)(C) (providing
additional considerations for the suspension of trading in or
removal from listing of Managed Fund Shares on the Exchange). With
respect to trading halts, the Exchange may consider all relevant
factors in exercising its discretion to halt or suspend trading in
the Shares of each Fund. Trading in Shares of a Fund will be halted
if the circuit breaker parameters in NYSE Arca Equities Rule 7.12
have been reached. Trading also may be halted because of market
conditions or for reasons that, in the view of the Exchange, make
trading in the Shares inadvisable.
    \20\ See NYSE Arca Equities Rule 8.600(d)(2)(B)(ii).
    \21\ The Exchange states that, while FINRA surveils trading on
the Exchange pursuant to a regulatory services agreement, the
Exchange is responsible for FINRA's performance under this
regulatory services agreement.
---------------------------------------------------------------------------

    The Exchange represents that the Shares are deemed to be equity
securities, thus rendering trading in the Shares subject to the
Exchange's existing rules governing the trading of equity securities.
    In support of this proposal, the Exchange has made additional
representations, including:
    (1) The Shares of each Fund will conform to the initial and
continued listing criteria under NYSE Arca Equities Rule 8.600.
    (2) The Exchange has appropriate rules to facilitate transactions
in the Shares during all trading sessions.
    (3) Trading in the Shares will be subject to the existing trading
surveillances, administered by FINRA on behalf of the Exchange, which
are designed to detect violations of Exchange rules and applicable
federal securities laws and these procedures are adequate to properly
monitor Exchange trading of the Shares in all trading sessions and to
deter and detect violations of Exchange rules and federal securities
laws applicable to trading on the Exchange.
    (4) Prior to the commencement of trading, the Exchange will inform
its Equity Trading Permit Holders in an Information Bulletin of the
special characteristics and risks associated with trading the Shares.
Specifically, the Information Bulletin will discuss the following: (a)
the procedures for purchases and redemptions of Shares in Creation Unit
aggregations (and that Shares are not individually redeemable); (b)
NYSE Arca Equities Rule 9.2(a), which imposes a duty of due diligence
on its Equity Trading Permit Holders to learn the essential facts
relating to every customer prior to trading the Shares; (c) the risks
involved in trading the Shares during the Opening and Late Trading
Sessions when an updated Portfolio Indicative Value will not be
calculated or publicly disseminated; (d) how information regarding the
Portfolio Indicative Value and the Disclosed Portfolio is disseminated;
(e) the requirement that Equity Trading Permit Holders deliver a
prospectus to investors purchasing newly issued Shares prior to or
concurrently with the confirmation of a transaction; and (f) trading
information.
    (5) For initial and/or continued listing, the Funds will be in
compliance with Rule 10A-3 under the Act,\22\ as provided by NYSE Arca
Equities Rule 5.3.
---------------------------------------------------------------------------

    \22\ 17 CFR 240.10A-3.
---------------------------------------------------------------------------

    (6) A minimum of 100,000 Shares of each Fund will be outstanding at
the commencement of trading on the Exchange.
    (7) Not more than 10% of the net assets of a Fund in the aggregate
invested in exchange-traded equity securities shall consist of equity
securities whose principal market is not a member of the ISG or party
to a CSSA with the Exchange.

This approval order is based on all of the Exchange's representations.

    For the foregoing reasons, the Commission finds that the proposed
rule change, as modified by Amendment No. 1, is consistent with Section
6(b)(5) of the Act \23\ and the rules and regulations thereunder
applicable to a national securities exchange.
---------------------------------------------------------------------------

    \23\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------

IV. Solicitation of Comments on Amendment No. 1

    Interested persons are invited to submit written data, views, and
arguments concerning whether Amendment No. 1 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-NYSEArca-2015-50 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-NYSEArca-2015-50. 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 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; 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-NYSEArca-2015-50 and should
be submitted on or before August 25, 2015.

V. Accelerated Approval of Proposed Rule Change as Modified by
Amendment No. 1

    The Commission finds good cause to approve the proposed rule
change, as modified by Amendment No. 1, prior to the thirtieth day
after the date of publication of notice in the Federal Register.
Amendment No. 1 supplements the proposed rule change by deleting
references to investments that the Funds will not be utilizing and
clarifies that U.S. Exchange-listed and traded ADRs are included as
``Other Investments'' only with respect to the Cambria Sovereign High
Yield Bond ETF. The Commission believes that this additional
information provides clarity about the Funds' permitted investments.
Accordingly, the Commission finds good cause, pursuant to Section
19(b)(2) of the Act,\24\ to approve the proposed rule change, as
modified by Amendment No. 1, on an accelerated basis.
---------------------------------------------------------------------------

    \24\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------

VI. Conclusion

    It is therefore ordered, pursuant to Section 19(b)(2) of the
Act,\25\ that the proposed rule change (SR-NYSEArca-2015-50), as
modified by Amendment No. 1, be, and it hereby is, approved on an
accelerated basis.
---------------------------------------------------------------------------

    \25\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\26\
---------------------------------------------------------------------------

    \26\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-18883 Filed 8-3-15; 8:45 am]
BILLING CODE 8011-01-P


                                  MEMORANDUM

Tetra Tech, Inc.
10306 Eaton Place, Suite 340
Fairfax, VA 22030
phone<PHONE_NUMBER>
fax<PHONE_NUMBER>

TO:			Paul Shriner and Jan Matuszko, EPA
FROM:		Kelly Meadows
DATE: 		January 7, 2010

SUBJECT:		Cooling Towers in Brackish Waters

EPA requested that Tetra Tech contact individual facilities regarding the prevalence and design characteristics of cooling towers that used brackish water as a source for makeup flows.  This memo summarizes Tetra Tech's efforts to contact those facilities.

Data Sources

Tetra Tech identified facilities using salt or brackish water as the makeup source from two documents:

   1) Maulbetsch, J. and M. DiFilippo. "Performance, Cost and Environmental Performance of Salt Water Cooling Towers." Prepared for the California Energy Commission. June 2007. Table 4-1.
   2) DiFilippo, M., J. Maulbetsch and K. Zammit. Status, Impacts and Operations of High-Salinity Wet Cooling Towers. PowerPoint presentation.

Facility Calls

Tetra Tech attempted to contact all manufacturing facilities listed in the above documents that have installed salt water towers since the Clean Water Act was passed in 1972, as well as any electric generating facilities that have installed salt water towers in the past 5 years.

A representative from Dow Chemical in California stated that the facility does not operate a salt water cooling tower.  After further discussion, it appears that the facility may have used a salt water tower at one time (the documentation stated it was built in 1976) but the facility currently uses fresh water and has for quite some time.

A representative from Lansing Smith (a power plant in Lynn Haven, Florida) stated that the facility has been in operation with once-through units since the 1960s, but added a natural gas combined cycle unit in 2001.  The new generating unit uses mechanical draft cooling towers, with the makeup water being withdrawn from the discharge of the once-through units.  The cycle of concentration for the tower is approximately 2.0 and the representative stated that they have had no significant problems with operating the towers and that chemical costs have been approximately as expected.  The facility performs its own maintenance on the towers.  The tower also utilizes a drift eliminator, as the facility has drift limits in its air quality permit.

A representative from Watson (a power plant in Gulfport, Mississippi) stated that their facility has several types of cooling towers.  The facility's Unit 5 was built with a round cooling tower approximately 30 years ago; it was recently demolished and replaced with a new linear bank of towers.  The new towers are mechanical draft with a cycle of concentration between 3 and 7 and were designed with plume and drift abatement.  The tower draws its makeup flows from the discharge canal of the other (once-through) units.  Construction of the new tower took approximately 12 months, with 6 months being required for the basins and another 6 months for the fiberglass structure and other above-ground elements.  The tower was tied into the existing cooling system during a planned 30 day outage, but the facility representative noted that the outage would have been shorter if it had been solely for cooling tower tie-in.  The new tower cost approximately $42 million and appears to be meeting its goals for parasitic power needs, chemical usage, and maintenance.  Watson also has a helper cooling tower in its discharge canal; the tower straddles the canal, draws water up into the tower, cools it, and then allows the water to fall back into the canal.  There are no chemicals in use at the helper towers.

Calls to the following facilities were not returned: Delano Biomass (CA), Intalco Aluminum (WA), St. Johns River Power Park (FL), Crystal River (FL).

Calls to the following facilities were not completed, as contact information could not be located: Pfizer (NC).


[Federal Register Volume 82, Number 227 (Tuesday, November 28, 2017)]
[Notices]
[Pages 56245-56246]
[FR Doc No: 2017-25584]

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

DEPARTMENT OF HEALTH AND HUMAN SERVICES

Food and Drug Administration

[Docket No. FDA-2017-N-0001]

Weighing the Evidence: Variant Classification and Interpretation
in Precision Oncology; Public Workshop

AGENCY: Food and Drug Administration, HHS.

ACTION: Notice of public workshop.

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

SUMMARY: The Food and Drug Administration (FDA) is announcing the
following public workshop entitled

``Weighing the Evidence: Variant Classification and Interpretation in
Precision Oncology.'' The purpose of the public workshop is to engage
stakeholders and solicit input from experts in oncology precision
medicine on how to best weigh and evaluate evidence for classification
and interpretation of sequencing results for precision oncology.

DATES: The public workshop will be held on January 29, 2018, from 8:30
a.m. to 5 p.m. See the SUPPLEMENTARY INFORMATION section for
registration date and information.

ADDRESSES: The public workshop will be held at FDA's White Oak Campus,
10903 New Hampshire Ave., Bldg. 31, Rm. 1503 (the Great Room), Silver
Spring, MD 20993-0002. Entrance for the public workshop participants
(non-FDA employees) is through Building 1 where routine security check
procedures will be performed. For parking and security information,
please refer to https://www.fda.gov/AboutFDA/WorkingatFDA/BuildingsandFacilities/WhiteOakCampusInformation/ucm241740.htm.

FOR FURTHER INFORMATION CONTACT: Hisani Madison, Food and Drug
Administration, Center for Devices and Radiological Health, 10903 New
Hampshire Ave., Bldg. 66, Rm. 5547, Silver Spring, MD 20993, 240-402-
6581, [email protected].

SUPPLEMENTARY INFORMATION:

I. Background

    The goal of precision oncology is to use a cancer patient's genetic
data to help determine which therapeutic(s) might be most effective in
treating their disease. Next generation sequencing is increasingly
employed in oncology because the technology can be used to screen a
large number of mutations simultaneously to optimize and personalize
patient care. The increasing number of reported mutations may lead to
uncertainty for clinicians in the interpretation and prioritization of
the variants with respect to the clinical significance and optimal
course of action, respectively.
    In January 2017, the Association for Molecular Pathology, the
American Society of Clinical Oncology, and the College of American
Pathologists published a joint consensus recommendation for standards
and guidelines for the interpretation and reporting of sequence
variants in cancer. However, the implementation of these
recommendations is not consistently applied across all stakeholders.
FDA is holding this public workshop to engage stakeholders and solicit
input from internal and external experts in precision oncology to
discuss how genetic sequencing data is best implemented in patient
management so that innovative regulatory strategies can be advanced to
support the development of safe and effective precision-based drugs and
devices for marketing.

II. Topics for Discussion

    Topics for discussion at the public workshop include:
     An overview of the state of the science for sequence
variant classification in oncology and its practical use in treating
patients;
     The level of evidence required for reporting variants and/
or guiding patient treatment;
     Best practices for the use of public/private databases for
variant classification and interpretation in oncology; and
     Future directions for data sharing, standardization, and
establishing consistency in precision oncology.
    The workshop will include a series of brief presentations to
provide information to frame the main topics and interactive
discussions via several panel sessions. Following the presentations,
there will be a moderated discussion where speakers and additional
panelists may be asked to provide their individual perspectives.

III. Participating in the Public Workshop

    Registration: To register for the public workshop, please visit
FDA's Medical Devices News & Events--Workshops & Conferences calendar
at https://www.fda.gov/MedicalDevices/NewsEvents/WorkshopsConferences/default.htm. (Select this public workshop from the posted events list.)
Please provide complete contact information for each attendee,
including name, title, affiliation, address, email, and telephone.
    Registration is free and based on space availability, with priority
given to early registrants. Persons interested in attending this public
workshop must register by January 19, 2018, by 4 p.m. Eastern Time.
Early registration is recommended because seating is limited;
therefore, FDA may limit the number of participants from each
organization. Registrants will receive confirmation when they have been
accepted. If time and space permit, onsite registration on the day of
the public workshop will be provided beginning at 8 a.m. We will let
registrants know if registration closes before the day of the public
workshop.
    If you need special accommodations due to a disability, please
contact Peggy Roney, Center for Devices and Radiological Health, Food
and Drug Administration, 10903 New Hampshire Ave., Bldg. 32, Rm. 5231,
Silver Spring, MD 20993-0002,<PHONE_NUMBER>, email:
[email protected] no later than January 10, 2018.
    Streaming Webcast of the Public Workshop: This public workshop will
also be webcast. The webcast link will be available on the registration
Web page after January 10, 2018. Organizations are requested to view
using one connection per location.
    If you have never attended a Connect Pro event before, test your
connection at https://collaboration.fda.gov/common/help/en/support/meeting_test.htm. To get a quick overview of the Connect Pro program,
visit https://www.adobe.com/go/connectpro_overview. FDA has verified
the Web site addresses in this document, as of the date this document
publishes in the Federal Register, but Web sites are subject to change
over time.
    Transcripts: Please be advised that as soon as a transcript of the
public workshop is available, it will be accessible at https://www.regulations.gov. It may be viewed at the Dockets Management Staff,
Food and Drug Administration, 5630 Fishers Lane, Rm. 1061, Rockville,
MD 20852. A link to the transcript will also be available on the
internet at https://www.fda.gov/MedicalDevices/NewsEvents/WorkshopsConferences/default.htm. (Select this public workshop from the
posted events list.).

    Dated: November 21, 2017.
Leslie Kux,
Associate Commissioner for Policy.
[FR Doc. 2017-25584 Filed 11-27-17; 8:45 am]
 BILLING CODE 4164-01-P


[Federal Register Volume 82, Number 245 (Friday, December 22, 2017)]
[Notices]
[Pages 60781-60782]
[FR Doc No: 2017-27563]

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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-82345; File No. SR-LCH SA-2017-009]

Self-Regulatory Organizations; LCH SA; Order Approving Proposed
Rule Change Relating to Wrong Way Risk Margin

December 18, 2017.

I. Introduction

    On October 30, 2017, Banque Central de Compensation, which conducts
business under the name LCH SA (``LCH SA''), filed with the Securities
and Exchange Commission (``Commission''), pursuant to Section 19(b)(1)
of the Securities Exchange Act of 1934 (``Act''),\1\ and Rule 19b-4
thereunder,\2\ a proposed rule change (SR-LCH SA-2017-009) to amend its
Reference Guide: CDS Margin Framework (``CDSClear Margin Framework'' or
``Framework'') to adjust the manner in which the wrong way risk
(``WWR'') margin component of the Framework addresses offsets between
currencies when calculating WWR margin. The proposed rule change was
published for comment in the Federal Register on November 16, 2017.\3\
The Commission received no comment letters regarding the proposed
change. For the reasons discussed below, the Commission is approving
the proposed rule change.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Securities Exchange Act Release No. 34-82043 (November 9,
2017), 82 FR 53536 (November 16, 2017) (SR-LCH-SA-2017-009)
(``Notice'').
---------------------------------------------------------------------------

II. Description of the Proposed Rule Change

    LCH SA has proposed to amend its CDSClear Margin Framework to
adjust the manner in which the WWR margin component of the Framework
addresses offsets between currencies when calculating WWR margin.
According to LCH SA, the WWR component of the Framework is designed to
cover the anticipated financial contagion effect that would arise in
case of a clearing member being declared in default. The current WWR
margin formula provides for offsets between currencies by allowing
offset between WWR and right way risk (``RWR''). Specifically, under
the current approach, a WWR currency offset is applied as the greater
of: (x) The WWR amount in Euros minus the RWR amount in Euros \4\; and
(y) the WWR amount in Euros multiplied by 1 minus a factor representing
the correlation between European and U.S. financial institutions by
calculating the average historical cross correlation of credit spreads
on credit default swaps (``CDS'') with respect to all pairs of European
and U.S. financial institutions that are clearing members of LCH SA.\5\
Under this approach, if one currency has WWR and the other has RWR, LCH
SA would compare the WWR amount, as offset by the RWR, to the WWR
amount, which is reduced by scaling the WWR by 1 minus the correlation
factor, and take the greater of these two amounts.\6\ As a result,
either the full amount of RWR is allowed to offset the WWR, or only a
portion of the WWR is taken into account without any regard to the
amount of RWR.\7\
---------------------------------------------------------------------------

    \4\ Amounts not denominated in Euros are converted to Euros
using a foreign exchange rate plus or minus a haircut. See, Notice,
82 FR at 53536.
    \5\ Id.
    \6\ Id.
    \7\ Id.
---------------------------------------------------------------------------

    LCH SA proposed to revise this approach by amending the WWR
currency offset formula in the Framework to set the WWR margin
component of Framework as the greater of: (i) The WWR amount in Euros,
minus the RWR amount multiplied by the 10-year average historical
correlation of credit spreads on CDS in respect of European and U.S.
financial institutions; and (ii) zero. Thus, under the proposed
approach, RWR would never completely offset WWR, but rather would
offset WWR after discounting it based on the average of observed
correlations of CDS credit spreads with respect to European and U.S.
financial institutions.\8\
---------------------------------------------------------------------------

    \8\ Id.
---------------------------------------------------------------------------

III. Discussion and Commission Findings

    Section 19(b)(2)(C) of the Act 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.\9\ Section 17A(b)(3)(F) of the Act \10\ 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, as well as to assure the
safeguarding of securities and funds which are in the custody and
control of the clearing agency or for which it is responsible, and to
protect investors and the public interest. Rule

17Ad-22(b)(2) requires, in relevant part, a registered clearing agency
that performs central counterparty services to establish, implement,
maintain and enforce written policies and procedures that are
reasonably designed to use margin requirements to limit its credit
exposures to participants under normal market conditions and use risk-
based models and parameters to set margin requirements.\11\ Rules 17Ad-
22(e)(6)(i) and (v) require a covered clearing agency that provides
central counterparty services to cover its credit exposures to its
participants by establishing a risk-based margin system that, among
other things, considers and produces margin levels commensurate with,
the risks and particular attributes of each relevant product,
portfolio, and market, and uses an appropriate method for measuring
credit exposure that accounts for relevant product risk factors and
portfolio effects across products.\12\
---------------------------------------------------------------------------

    \9\ 15 U.S.C. 78s(b)(2)(C).
    \10\ 15 U.S.C. 78q-1(b)(3)(F).
    \11\ 17 CFR 240.17Ad-22(b)(2).
    \12\ 17 CFR 240.17Ad-22(e)(6)(i) and (v).
---------------------------------------------------------------------------

    The Commission finds that the proposed rule change is consistent
with Section 17A(b)(3)(F) of the Act and the relevant provisions of
Rule 17Ad-22 thereunder. Specifically, the Commission believes that the
proposed rule change will enhance LCH SA's assessment of the risks
associated with clearing products that may exhibit WWR, and thereby
collect an appropriate level of resources, which in turn will improve
LCH SA's ability to withstand the default of a Clearing Member. As a
result, the Commission believes that the proposed rule change will
augment LCH SA's ability to safeguard the securities and funds which
are in its custody and control. Therefore, the Commission finds that
the proposed rule change is consistent with the requirements of Section
17A(b)(3)(F) of the Act.
    Moreover, the Commission believes that WWR is a relevant factor
when considering the risks associated with clearing securities
products, including CDS products, and when developing margin models to
cover credit exposures associated with providing clearance and
settlement services for such products. By ensuring that it will take
into consideration both WWR and RWR as proposed, LCH SA will have
margin that more accurately measures the level of risk, and should
therefore produce margin requirements that are commensurate with such
risks, as well as the attributes of the products it clears.
Accordingly, the Commission finds that the proposed rule change is
consistent with the requirements of Rule 17Ad-22(b)(2) and Rule 17Ad-
22(e)(6)(i) and (v).

IV. Conclusion

    It Is Therefore Ordered pursuant to Section 19(b)(2) of the Act
that the proposed rule change (SR-LCH SA-2017-009) be, and hereby is,
approved.\13\
---------------------------------------------------------------------------

    \13\ In approving the proposed rule change, the Commission
considered the proposal's impact on efficiency, competition, and
capital formation. 15 U.S.C. 78c(f).

    For the Commission by the Division of Trading and Markets,
pursuant to delegated authority.\14\
---------------------------------------------------------------------------

    \14\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Robert W. Errett,
Deputy Secretary.
[FR Doc. 2017-27563 Filed 12-21-17; 8:45 am]
 BILLING CODE 8011-01-P


June 8, 2010

Arkema-EPA Meeting Summary

Representatives from Arkema met with EPA staff to discuss concerns about
the proposed SNAP rule on HFO-1234yf, as well as its connection to the
Significant New Use Rule under TSCA.

Details of the meeting were claimed as confidential business information
(CBI).

Attachments:

Meeting participants (Non-EPA)

Article from Chemical Week, May 24, 2010 (copyrighted material)

Comments from the Alliance of Automotive Manufacturers

Article from Automotive Engineering International, 30 September, 2020
(copyrighted material)


[Federal Register Volume 84, Number 200 (Wednesday, October 16, 2019)]
[Notices]
[Page 55310]
[FR Doc No: 2019-22521]

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

DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

Combined Notice of Filings

    Take notice that the Commission has received the following Natural
Gas Pipeline Rate and Refund Report filings:

Filings Instituting Proceedings

    Docket Number: PR20-1-000.
    Applicants: Columbia Gas of Maryland, Inc.
    Description: Tariff filing per 284.123(b),(e)/: CMD Rates effective
Sept 30 2019 to be effective 9/30/2019.
    Filed Date: 10/7/19.
    Accession Number:<PHONE_NUMBER>61.
    Comments/Protests Due: 5 p.m. ET 10/28/19.

    Docket Number: PR19-72-001.
    Applicants: Acadian Gas Pipeline System.
    Description: Tariff filing per 284.123(b),(e)+(g): Merger and Rate
Filing Amendment 2019 to be effective 10/1/2019.
    Filed Date: 10/8/19.
    Accession Number:<PHONE_NUMBER>31.
    Comments Due: 5 p.m. ET 10/29/19.
    284.123(g) Protests Due: 5 p.m. ET 10/29/19.

    Docket Numbers: RP19-1539-001.
    Applicants: Gulf South Pipeline Company, LP.
    Description: Compliance filing Compliance Filing in Docket No.
RP19-1539-000 to be effective 10/4/2019.
    Filed Date: 10/8/19.
    Accession Number: 20191008-5069.
    Comments Due: 5 p.m. ET 10/21/19.

    Docket Numbers: RP19-63-002.
    Applicants: East Tennessee Natural Gas, LLC.
    Description: Compliance filing ETNG RP19-63 Compliance Filing to be
effective 1/1/2019.
    Filed Date: 10/8/19.
    Accession Number: 20191008-5135.
    Comments Due: 5 p.m. ET 10/21/19.

    Docket Numbers: RP20-47-000.
    Applicants: Iroquois Gas Transmission System, L.P.
    Description: Sec.  4(d) Rate Filing: 100819 Negotiated Rates--Mieco
Inc. R-7080-09 to be effective 11/1/2019.
    Filed Date: 10/8/19.
    Accession Number: 20191008-5053.
    Comments Due: 5 p.m. ET 10/21/19.

    Docket Numbers: RP20-48-000.
    Applicants: Iroquois Gas Transmission System, L.P.
    Description: Sec.  4(d) Rate Filing: 100819 Negotiated Rates--Mieco
Inc. R-7080-10 to be effective 11/1/2019.
    Filed Date: 10/8/19.
    Accession Number: 20191008-5055.
    Comments Due: 5 p.m. ET 10/21/19.

    Docket Numbers: RP20-49-000.
    Applicants: Iroquois Gas Transmission System, L.P.
    Description: Sec.  4(d) Rate Filing: 100819 Negotiated Rates--
Castleton Commodities Merchant Trading L.P. R-4010-16 to be effective
12/1/2019.
    Filed Date: 10/8/19.
    Accession Number: 20191008-5056.
    Comments Due: 5 p.m. ET 10/21/19.

    Docket Numbers: RP20-50-000.
    Applicants: Iroquois Gas Transmission System, L.P.
    Description: Sec.  4(d) Rate Filing: 100819 Negotiated Rates--
Castleton Commodities Merchant Trading L.P. R-4010-17 to be effective
12/1/2019.
    Filed Date: 10/8/19.
    Accession Number: 20191008-5066.
    Comments Due: 5 p.m. ET 10/21/19.

    Docket Numbers: RP20-51-000.
    Applicants: Iroquois Gas Transmission System, L.P.
    Description: Sec.  4(d) Rate Filing: 100819 Negotiated Rates--
Castleton Commodities Merchant Trading R-4010-20 to be effective 11/1/
2019.
    Filed Date: 10/8/19.
    Accession Number: 20191008-5067.
    Comments Due: 5 p.m. ET 10/21/19.

    The filings are accessible in the Commission's eLibrary system by
clicking on the links or querying the docket number.
    Any person desiring to intervene or protest in any of the above
proceedings must file in accordance with Rules 211 and 214 of the
Commission's Regulations (18 CFR 385.211 and 385.214) on or before 5:00
p.m. Eastern time on the specified comment date. Protests may be
considered, but intervention is necessary to become a party to the
proceeding.
    eFiling is encouraged. More detailed information relating to filing
requirements, interventions, protests, service, and qualifying
facilities filings can be found at: http://www.ferc.gov/docs-filing/efiling/filing-req.pdf. For other information, call<PHONE_NUMBER>
(toll free). For TTY, call<PHONE_NUMBER>.

    Dated: October 9, 2019.
Nathaniel J. Davis, Sr.,
Deputy Secretary.
[FR Doc. 2019-22521 Filed 10-15-19; 8:45 am]
BILLING CODE 6717-01-P


			  UNITED STATES OF AMERICA

		        DEPARTMENT OF TRANSPORTATION

			  OFFICE OF THE SECRETARY

			          WASHINGTON, D.C.

Issued by the Department of Transportation on April 5, 2004

NOTICE OF ACTION TAKEN -- DOCKET OST 2004-17314

________________________________________________________________________
________________________________________________________

This serves as notice to the public of the action described below, taken
by the Department official indicated (no additional confirming order
will be issued in this matter).

Applicant:  CARGOJET AIRWAYS LTD. d/b/a STARJET AIRWAYS

Date Filed:  March 10, 2004, as supplemented April 1, 2004.

Relief requested:  Exemption from 49 USC section 41301 to permit the
applicant to conduct, carrying persons, property and/or mail:  1)
scheduled services between any point or points in Canada and any point
or points in the United States; and 2) charter operations between Canada
and the United States, and other charters in accordance with 14 CFR Part
212.

If renewal, date and citation of last action:  New authority.

Applicant representative:  John R. Mietus, Jr.,<PHONE_NUMBER>         DOT
analyst:  Allen F. Brown,<PHONE_NUMBER>

Responsive pleadings:  None.

	DISPOSITION

Action:  Approved
                                             Action date:  April 3, 2004

Effective dates of authority granted:  April 3, 2004, through April 3,
2005

Basis for approval (bilateral agreement/reciprocity):  United
States-Canada Air Transport Agreement (Agreement)

Except to the extent exempted/waived, this authority is subject to the
terms, conditions, and limitations indicated:  Standard exemption
conditions.  Also, the applicant may carry Third and Fourth Freedom
charter traffic without prior Department approval.  Other charter
operations to/from the United States conducted under this authority,
however, are subject to prior approval under 14 CFR Part 212.

Remarks:  On April 3, 2004, we granted the applicant’s request to
conduct its proposed operations, and confirm that action here.  In
taking that action, we found, based on this application and on the
evidence that the applicant submitted in its application for a foreign
air carrier permit filed on March 10, 2004, in Docket OST-2004-17315,
and supplemented April 1, 2004, that the applicant is operationally and
financially qualified to conduct its proposed operations and is
substantially owned and effectively controlled by citizens of its
homeland.  Also, the FAA advised us that it knows of no reason to
withhold this authority.

Action taken by:   Paul L. Gretch, Director, Office of International
Aviation

________________________________________________________________________
______________________________________________________

Under authority assigned by the Department in its regulations, 14 CFR
Part 385, we found that (1) our action was consistent with Department
policy; (2) the applicant was qualified to perform its proposed
operations; (3) grant of the authority was consistent with the public
interest; and (4) grant of the authority would not constitute a major
regulatory action under the Energy Policy and Conservation Act of 1975.
To the extent not granted/deferred/dismissed, we denied all requests in
the referenced Docket.  We may amend, modify, or revoke the authority
granted in this Notice at any time without hearing at our discretion.

Persons entitled to petition the Department for review of the action set
forth in this Notice under the Department’s regulations, 14 CFR
§385.30, may file their petitions within seven (7) days after the date
of issuance of this Notice.  This action was effective when taken, and
the filing of a petition for review will not alter such effectiveness.

An electronic version of this document is available on the World Wide
Web at:

http://dms.dot.gov//reports/reports_aviation.asp