[Federal Register Volume 80, Number 157 (Friday, August 14, 2015)]
[Notices]
[Pages 48937-48938]
[FR Doc No: 2015-20008]

=======================================================================
-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-75657; File No. SR-ICEEU-2015-014]

Self-Regulatory Organizations; ICE Clear Europe Limited; Notice
of Filing and Immediate Effectiveness of Proposed Rule Change To Adopt
Revised Fee Schedule

August 10, 2015.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that
on August 3, 2015, ICE Clear Europe Limited (``ICE Clear Europe'')
filed with the Securities and Exchange Commission (``Commission'') the
proposed rule change described in Items I, II and III below, which
Items have been primarily prepared by ICE Clear Europe. ICE Clear
Europe filed the proposal pursuant to Section 19(b)(3)(A) of the
Act,\3\ and Rule 19b-4(f)(2) \4\ thereunder, so that the proposal was
effective upon filing with the Commission. The Commission is publishing
this notice to solicit comments on the proposed rule change from
interested persons.
---------------------------------------------------------------------------

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

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

    The principal purpose of the proposed rule change is to specify
certain fees applicable to the maintenance of certain segregated
customer accounts at ICE Clear Europe.

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

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

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

1. Purpose
    The purpose of the proposed rule change is for ICE Clear Europe to
specify certain fees (and related volume discounts) applicable to
segregated customer accounts, margin flow co-mingled accounts (also
known as ``individually segregated, operationally co-mingled'' or
``ISOC'' accounts) and individually segregated sponsored accounts of
Non-FCM/BD Clearing Members that are required to be made available
under the European Market Infrastructure Regulation (EMIR)
(collectively, the ``EMIR Customer Accounts''). Certain such accounts
may also be used by Non-FCM/BD Clearing Members prior to EMIR
authorization of ICE Clear Europe.
    Specifically, an application fee and an annual fee will apply to
various EMIR Customer Accounts as follows:

------------------------------------------------------------------------
                                    Application fee       Annual fee
------------------------------------------------------------------------
Segregated Customer Accounts      Waived............  Waived.
 (``F'', ``S'' and ``T'').
ISOC Account (``I'' and ``J''     Waived............  [euro]5,000 per
 Account).                                             annum per
                                                       Individual
                                                       Customer.
Individually Segregated           [euro]10,000 per    [euro]25,000 per
 Sponsored Account (``Sponsored    Sponsored           annum per
 Account'').                       Principal.          Sponsored
                                                       Principal.
------------------------------------------------------------------------

    The rule change also establishes volume discounts applicable where
a client establishes a number of separate individually segregated
accounts, detailed as follows:

--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                Sponsored
                                                              Minimum      Cost per ISOC   Minimum cost      principal      Cost per SP    Minimum cost
                   Number of accounts                        number of     account (EUR       of ISOC       application    account (EUR    of SP package
                                                             accounts          p.a.)          package           fee            p.a.)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Individual Accounts.....................................               1           5,000           5,000          10,000          25,000          35,000
50 or more..............................................              50           3,300         165,000             N/A          16,500         825,000
100 or more.............................................             100           2,150         215,000             N/A          10,750       1,085,000
--------------------------------------------------------------------------------------------------------------------------------------------------------

    The rule change also specifies the timing of payment of such fees,
with annual fees initially becoming due on August 31, 2015, as set
forth in further detail in a Circular to be published by ICE Clear
Europe.
2. Statutory Basis
    ICE Clear Europe has determined that the fees are reasonable and
appropriate to charge for establishing and maintaining EMIR Customer
Accounts for Non-FCM/BD Clearing Members. In particular, ICE Clear
Europe believes that the fees, and related volume discounts from them,
have been set at an appropriate level given the costs and expenses to
ICE Clear Europe in offering and maintaining the relevant EMIR Customer
Accounts. The fees (and related discounts) apply equally to all Non-
FCM/BD Clearing Members that use EMIR Customer Accounts. ICE Clear
Europe believes that imposing such clearing fees is consistent with the
requirements of Section 17A of the Act \5\ and the regulations
thereunder applicable to it, and in particular provides for the
equitable allocation of reasonable dues, fees, and other charges among
its Clearing Members, within the meaning of Section 17A(b)(3)(D) of the
Act.\6\ ICE Clear Europe thus believes that the proposed rule change is
consistent with the requirements of Section 17A of the Act and
regulations thereunder applicable to it.
---------------------------------------------------------------------------

    \5\ 15 U.S.C. 78q-1.
    \6\ 15 U.S.C. 78q-1(b)(3)(D).
---------------------------------------------------------------------------

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

    ICE Clear Europe does not believe the proposed rule change would
have any impact, or impose any burden, on competition not necessary or
appropriate in furtherance of the purpose of the Act. As noted above,
ICE Clear Europe believes that the fees and related discounts have been
set at an appropriate level given the costs and expenses to ICE Clear
Europe in offering and maintaining the relevant EMIR Customer Accounts.
The fees and related discounts apply equally to all Non-FCM/BD Clearing
Members that use EMIR Customer Accounts. ICE Clear Europe does not
believe that the amendments would adversely affect the ability of such
Clearing Members or other market participants generally to engage in
cleared transactions or to access clearing. ICE Clear Europe further
believes that the fees will not otherwise adversely affect competition
among Clearing Members, adversely affect the market for clearing
services or limit market participants' choices for obtaining clearing
services.

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. ICE Clear Europe will notify the Commission of
any written comments received by ICE Clear Europe.

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

    The foregoing proposed rule change has become effective upon filing
pursuant to Section 19(b)(3)(A) \7\ of the Act and Rule 19b-4(f)(2) \8\
thereunder because it establishes a fee or other charge imposed by ICE
Clear Europe on its Clearing Members. Specifically, the proposed rule
change will establish fees to be paid by Non-FCM/BD Clearing Members to
ICE Clear Europe in connection with EMIR Customer Accounts. At any time
within 60 days of the filing of the proposed rule change, the
Commission summarily may temporarily suspend such proposed rule change
if it appears to the Commission that such action is necessary or
appropriate in the public interest, for the protection of investors, or
otherwise in furtherance of the purposes of the Act.
---------------------------------------------------------------------------

    \7\ 15 U.S.C. 78s(b)(3)(A).
    \8\ 17 CFR 240.19b-4(f)(2).
---------------------------------------------------------------------------

IV. Solicitation of Comments

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

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml) or
     Send an email to<EMAIL_ADDRESS>Please include
File Number SR-ICEEU-2015-014 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-ICEEU-2015-014. 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 will also be available
for inspection and copying at the principal office of ICE Clear Europe
and on ICE Clear Europe's Web site at https://www.theice.com/clear-europe/regulation. 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-
ICEEU-2015-014 and should be submitted on or before September 4, 2015.
---------------------------------------------------------------------------

    \9\ 17 CFR 200.30-3(a)(12).

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\9\
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-20008 Filed 8-13-15; 8:45 am]
 BILLING CODE 8011-01-P


[Federal Register Volume 85, Number 14 (Wednesday, January 22, 2020)]
[Notices]
[Pages 3667-3668]
[FR Doc No: 2020-00963]

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

DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Project No. 7253-016]

Ampersand Sebec Lake Hydro, LLC; Dichotomy Sebec Lake Hydro, LLC;
Notice of Transfer of Exemption

    1. On January 2, 2020, Ampersand Sebec Lake Hydro, LLC exemptee for
the Sebec Hydroelectric Project No. 7253, filed a letter notifying the
Commission that the project was transferred from Ampersand Sebec Lake
Hydro, LLC to Dichotomy Sebec Lake Hydro, LLC. The exemption from
licensing was originally issued on September 26, 1983.\1\ The project
is located on Sebec River in Pistaquis County, Maine. The transfer of

an exemption does not require Commission approval.
---------------------------------------------------------------------------

    \1\ Sebec Hydro Company, 24 FERC 62,364 (1983). The project was
transferred to Ampersand Sebec Lake Hydro, LLC on November 30, 2007.
---------------------------------------------------------------------------

    2. Dichotomy Sebec Lake Hydro, LLC is now the exemptee of the Sebec
Hydroelectric Project No. 7253. All correspondence must be forwarded
to: Mr. Ian Clark, Dichotomy Sebec Lake Hydro, LLC, 65 Ellen Ave,
Mahopac, NY 10541, Email<EMAIL_ADDRESS>
    Dated: January 13, 2020.
Kimberly D. Bose,
 Secretary.
[FR Doc. 2020-00963 Filed 1-21-20; 8:45 am]
 BILLING CODE 6717-01-P


[Federal Register Volume 86, Number 114 (Wednesday, June 16, 2021)]
[Rules and Regulations]
[Pages 31924-31926]
[FR Doc No: 2021-12556]

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

ENVIRONMENTAL PROTECTION AGENCY

40 CFR Part 52

[EPA-R05-OAR-2020-0729; FRL-10024-97-Region 5]

Air Plan Approval; Michigan; Part 9 Miscellaneous Rule

AGENCY: Environmental Protection Agency (EPA).

ACTION: Final rule.

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

SUMMARY: The Environmental Protection Agency (EPA) is approving a
revision to Michigan's State Implementation Plan (SIP). The submittal,
by the Michigan Department of Environment, Great Lakes, and Energy
(EGLE) on December 18, 2020, incorporates administrative changes to
Michigan's Air Pollution Control Rules, Part 9, ``Emissions Limitations
and Prohibitions--Miscellaneous''. This revision supports Michigan's
effort to consolidate all of the approved adoption by reference rules
into Part 9.

DATES: The final rule is effective July 16, 2021.

ADDRESSES: EPA has established a docket for this action under Docket ID
No. EPA-R05-OAR-2020-0729. All documents in the docket are listed on
the www.regulations.gov website. Although listed in the index, some
information is not publicly available, i.e., Confidential Business
Information (CBI) or other information whose disclosure is restricted
by statute. Certain other material, such as copyrighted material, is
not placed on the internet and will be publicly available only in hard
copy form. Publicly available docket materials are available either
through www.regulations.gov or at the Environmental Protection Agency,
Region 5, Air and Radiation Division, 77 West Jackson Boulevard,
Chicago, Illinois 60604. This facility is open from 8:30 a.m. to 4:30
p.m., Monday through Friday, excluding Federal holidays and facility
closures due to COVID-19. We recommend that you telephone Charles
Hatten, Environmental Engineer, at<PHONE_NUMBER> before visiting the
Region 5 office.

FOR FURTHER INFORMATION CONTACT: Charles Hatten, Environmental
Engineer, Control Strategies Section, Air Programs Branch (AR-18J),
Environmental Protection Agency, Region 5, 77 West Jackson Boulevard,
Chicago, Illinois 60604,<PHONE_NUMBER><EMAIL_ADDRESS>The
EPA Region 5 office is open from 8:30 a.m. to 4:30 p.m., Monday through
Friday, excluding Federal holidays and facility closures due to COVID-
19.

SUPPLEMENTARY INFORMATION: Throughout this document whenever ``we,''
``us,'' or ``our'' is used, we mean EPA.

I. What is being addressed in this document?

    This rule approves EGLE's December 18, 2020 submission to revise
Michigan's Air Pollution Control Rules, Part 9. Specifically, the State
requested that we approve a revision to R 336.1902, Adoption of
standards by reference. The background for this action is discussed in
detail, and EPA's reasons for proposing approval were provided in EPA's
notice of proposed rulemaking (NPRM), dated March 25, 2021 (86 FR
15837), and will not be restated here.

II. What comments did we receive on the proposed rule?

    In the NPRM, EPA provided a 30-day review and comment period for
the proposed rule. The comment period ended on April 26, 2021. We
received no comments on the proposed rule.

III. What action is EPA taking?

    EPA is approving the revision to Part 9 into Michigan's SIP, as
submitted on December 18, 2020.

IV. Incorporation by Reference

    In this rule, EPA is finalizing regulatory text that includes
incorporation by reference. In accordance with requirements of 1 CFR
51.5, EPA is finalizing the incorporation by reference of the Michigan
Regulations described in the amendments to 40 CFR part 52 set forth
below. EPA has made, and will continue to make, these documents
generally available through www.regulations.gov, and at the EPA Region
5 Office (please contact the person identified in the FOR FURTHER
INFORMATION CONTACT section of this preamble for more information).
Therefore, these materials have been approved by EPA for inclusion in
the SIP, have been incorporated by reference by EPA into that plan, are
fully federally enforceable under sections 110 and 113 of the CAA as of
the effective date of the final rulemaking of EPA's approval, and will
be incorporated by reference in the next update to the SIP
compilation.\1\
---------------------------------------------------------------------------

    \1\ 62 FR 27968 (May 22, 1997).
---------------------------------------------------------------------------

V. Statutory and Executive Order Reviews

    Under the CAA, the Administrator is required to approve a SIP
submission that complies with the provisions of the CAA and applicable
Federal regulations. 42 U.S.C. 7410(k); 40 CFR 52.02(a). Thus, in
reviewing SIP submissions, EPA's role is to approve state choices,
provided that they meet the criteria of the CAA. Accordingly, this
action merely approves state law as meeting Federal requirements and
does not impose additional requirements beyond those imposed by state
law. For that reason, this action:
     Is not a significant regulatory action subject to review
by the Office of Management and Budget under Executive Orders 12866 (58
FR 51735, October 4, 1993) and 13563 (76 FR 3821, January 21, 2011);
     Does not impose an information collection burden under the
provisions of the Paperwork Reduction Act (44 U.S.C. 3501 et seq.);
     Is certified as not having a significant economic impact
on a substantial number of small entities under the Regulatory
Flexibility Act (5 U.S.C. 601 et seq.);
     Does not contain any unfunded mandate or significantly or
uniquely affect small governments, as described in the Unfunded
Mandates Reform Act of 1995 (Pub. L. 104-4);
     Does not have federalism implications as specified in
Executive Order 13132 (64 FR 43255, August 10, 1999);
     Is not an economically significant regulatory action based
on health or safety risks subject to Executive Order 13045 (62 FR
19885, April 23, 1997);
     Is not a significant regulatory action subject to
Executive Order 13211 (66 FR 28355, May 22, 2001);
     Is not subject to requirements of Section 12(d) of the
National Technology Transfer and Advancement Act of 1995 (15 U.S.C. 272
note) because application of those requirements would be inconsistent
with the CAA; and
     Does not provide EPA with the discretionary authority to
address, as appropriate, disproportionate human health or environmental
effects, using practicable and legally permissible methods, under
Executive Order 12898 (59 FR 7629, February 16, 1994).
    In addition, the SIP is not approved to apply on any Indian
reservation land or in any other area where EPA or an Indian tribe has
demonstrated that a tribe has jurisdiction. In those areas of Indian
country, the rule does not have tribal implications and will not impose
substantial direct costs on tribal governments or preempt tribal law as
specified by Executive Order 13175 (65 FR 67249, November 9, 2000).
    The Congressional Review Act, 5 U.S.C. 801 et seq., as added by the
Small Business Regulatory Enforcement Fairness Act of 1996, generally
provides that before a rule may take effect, the agency promulgating
the rule must submit a rule report, which includes a copy of the rule,
to each House of the Congress and to the Comptroller General of the
United States. EPA will submit a report containing this action and
other required information to the U.S. Senate, the U.S. House of
Representatives, and the Comptroller General of the United States prior
to publication of the rule in the Federal Register. A major rule cannot
take effect until 60 days after it is published in the Federal
Register. This action is not a ``major rule'' as defined by 5 U.S.C.
804(2).
    Under section 307(b)(1) of the CAA, petitions for judicial review
of this action must be filed in the United States Court of Appeals for
the appropriate circuit by August 16, 2021. Filing a petition for
reconsideration by the Administrator of this final rule does not affect
the finality of this action for the purposes of judicial review nor
does it extend the time within which a petition for judicial review may
be filed, and shall not postpone the effectiveness of such rule or
action. This action may not be challenged later in proceedings to
enforce its requirements. (See section 307(b)(2) of the CAA.)

List of Subjects in 40 CFR Part 52

    Environmental protection, Air pollution control, Incorporation by
reference, Nitrogen dioxide, Particulate matter, Reporting and
recordkeeping requirements, Sulfur oxides, Ozone, Volatile organic
compounds.

    Dated: June 9, 2021.
Cheryl Newton,
Acting Regional Administrator, Region 5.

    For the reasons stated in the preamble, EPA amends title 40 CFR
part 52 as follows:

PART 52--APPROVAL AND PROMULGATION OF IMPLEMENTATION PLANS

0
1. The authority citation for part 52 continues to read as follows:

    Authority: 42 U.S.C. 7401 et seq.

0
2. In Sec.  52.1170, the table in paragraph (c) is amended by revising
the entry for

``R 336.1902'' under the heading ``Part 9. Emission Limitations and
Prohibitions--Miscellaneous'' to read as follows:

Sec.   52.1170 Identification of plan.

* * * * *
    (c) * * *

                                        EPA-Approved Michigan Regulations
----------------------------------------------------------------------------------------------------------------
                                                            State
        Michigan citation                Title         effective date   EPA approval date         Comments
----------------------------------------------------------------------------------------------------------------

                                                  * * * * * * *
----------------------------------------------------------------------------------------------------------------
                          Part 9. Emission Limitations and Prohibitions--Miscellaneous
----------------------------------------------------------------------------------------------------------------
R 336.1902......................  Adoption of              11/18/2018  6/16/2021, [INSERT
                                   standards by                         FEDERAL REGISTER
                                   reference.                           CITATION].

                                                  * * * * * * *
----------------------------------------------------------------------------------------------------------------

* * * * *
[FR Doc. 2021-12556 Filed 6-15-21; 8:45 am]
BILLING CODE 6560-50-P