[Federal Register Volume 76, Number 8 (Wednesday, January 12, 2011)]
[Notices]
[Pages 2162-2163]
[FR Doc No: 2011-433]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-63645; File No. SR-MSRB-2010-18]

Self-Regulatory Organizations; Municipal Securities Rulemaking
Board; Notice of Filing and Immediate Effectiveness of Revisions to the
Selection Specifications for the Municipal Securities Representative
Qualification Examination (Series 52) Program

January 5, 2011.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``the Act'') \1\ and Rule 19b-4 thereunder,\2\ notice is hereby given
that on December 23, 2010, the Municipal Securities Rulemaking Board
(``Board'' or ``MSRB'') filed with the Securities and Exchange
Commission (``SEC'' or ``Commission'') a proposed rule change as
described in Items I, II, and III below, which Items have been
substantially prepared by the MSRB. The MSRB has designated the
proposed rule change as constituting a stated policy, practice, or
interpretation with respect to the meaning, administration, or
enforcement of an existing rule of the self-regulatory organization
pursuant to Section 19(b)(3)(A)(i) \3\ of the Act and Rule 19b-4(f)(1)
thereunder,\4\ which renders the proposal effective upon filing with
the Commission. The MSRB proposes to implement the revised Series 52
examination program on January 3, 2011. 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)(i).
    \4\ 17 CFR 240.19b-4(f)(1).
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    The MSRB is filing with the Commission revisions to the selection
specifications for the Municipal Securities Representative
Qualification Examination (Series 52) program.
    The text of the proposed rule change is available on the MSRB's Web
site at http://www.msrb.org/Rules-and-Interpretations/SEC-Filings/2010-Filings.aspx, at the MSRB's principal office, and at the Commission's
Public Reference Room.

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

    In its filing with the Commission, the MSRB included statements
concerning the purpose of and basis for the proposed rule change and
discussed any comments it received on the proposed rule change. The
text of these statements may be examined at the places specified in
Item IV below. The MSRB 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
    Section 15B(b)(2)(A) of the Act \5\ authorizes the MSRB to
prescribe standards of training, experience, competence, and such other
qualifications as the Board finds necessary or appropriate in the
public interest or for the protection of investors and municipal
entities or obligated persons. On November 10, 2010, the MSRB filed
with the Commission a proposed rule change (File No. SR-MSRB-2010-12)
consisting of revisions to the study outline and selection
specifications for the Municipal Securities Representative
Qualification (Series 52) program. On November 12, 2010, the Commission
published a notice of filing and immediate effectiveness for the
revisions to the study outline and selection specifications for the
Series 52 program.\6\ The MSRB recently became aware that the selection
specifications filed with the Commission on November 10, 2010,
contained a technical error and the MSRB is filing this proposed rule
change to correct that error. The selection specifications indicate how
many questions are asked per examination on every topic.
---------------------------------------------------------------------------

    \5\ 15 U.S.C. 78o-4(b)(2)(A).
    \6\ See Release No. 34-63310 (November 12, 2010); 75 FR 70760
(November 18, 2010).
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2. Statutory Basis
    The MSRB believes that the proposed revisions to the selection
specifications are consistent with the provisions of Section
15B(b)(2)(A) of the Act, which authorizes the MSRB to prescribe
standards of training, experience, competence, and such other
qualifications as the Board finds necessary or appropriate in the
public interest or for the protection of investors and municipal
entities or obligated persons. Section 15B(b)(2)(A) of the Act also
provides that the Board may appropriately classify municipal securities
brokers, municipal securities dealers, and municipal advisors, and
persons associated with municipal securities brokers, municipal
securities dealers, and municipal advisors and require persons in any
such class to pass tests prescribed by the Board.
    The MSRB believes that the proposed revisions to the selection
specifications are consistent with the provisions of Section
15B(b)(2)(A) of the Act in that the revisions will ensure that certain
key concepts or rules are tested on each administration of the
examination in order to test the competency of individuals seeking to
qualify as municipal securities representatives with respect to their
knowledge about MSRB rules and the municipal securities market.

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

    The MSRB does not believe that the proposed rule change will impose
any burden on competition not necessary or appropriate in furtherance
of the purposes of the Act, as amended.

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

    Written comments were neither solicited nor received on the
proposed rule change.

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

    The proposed rule change has become effective pursuant to Section
19(b)(3)(A)(i) of the Act \7\ and Rule 19b--4(f)(1) \8\ thereunder, in
that the proposed rule change constitutes a stated policy, practice, or
interpretation with respect to the meaning, administration, or
enforcement of an existing rule of the self-regulatory organization.
The MSRB proposes to implement the revised Series 52 examination
program on January 3, 2011. At any time within 60 days of the filing of
the proposed rule change, the Commission summarily may temporarily
suspend such rule change if it appears to the Commission that such
action is necessary or appropriate in the

public interest, for the protection of investors, or otherwise in
furtherance of the purposes of the Act.\9\
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    \7\ 15 U.S.C. 78s(b)(3)(A)(i).
    \8\ 17 CFR 240.19b-4(f)(1).
    \9\ See Section 19(b)(3)(C) of the Act, 15 U.S.C. 78s(b)(3)(C).
---------------------------------------------------------------------------

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 e-mail to<EMAIL_ADDRESS>Please include
File Number SR-MSRB-2010-18 on the subject line.

Paper Comments

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

All submissions should refer to File Number SR-MSRB-2010-18. This file
number should be included on the subject line if e-mail 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 website viewing and
printing in the Commission's Public Reference Room, 100 F Street, NE.,
Washington, DC 20549, on official business days between the hours of 10
a.m. and 3 p.m. Copies of such filing also will be available for
inspection and copying at the principal office of the MSRB. 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-MSRB-2010-18 and should be
submitted on or before February 2, 2011.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\10\
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    \10\ 17 CFR 200.30-3(a)(12).
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Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011-433 Filed 1-11-11; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register Volume 76, Number 141 (Friday, July 22, 2011)]
[Rules and Regulations]
[Pages 43824-43825]
[FR Doc No: 2011-18451]

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DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 71

[Docket No. FAA-2011-0444; Airspace Docket No. 11-AAL-07]

Revision of Class E Airspace; Talkeetna, AK

AGENCY: Federal Aviation Administration (FAA), DOT.

ACTION: Final rule.

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SUMMARY: This action revises Class E airspace at Talkeetna, AK, to
accommodate the amendment of four Standard Instrument Approach
Procedures and the Obstacle Departure Procedure at Talkeetna Airport.
The FAA is taking this action to enhance safety and management of
Instrument Flight Rules (IFR) operations at the Talkeetna Airport.

DATES: Effective 0901 UTC, October 20, 2011. The Director of the
Federal Register approves this incorporation by reference action under
title 1, Code of Federal Regulations, part 51, subject to the annual
revision of FAA Order 7400.9 and publication of conforming amendments.

FOR FURTHER INFORMATION CONTACT: Martha Dunn, AAL-538G, Federal
Aviation Administration, 222 West 7th Avenue, Box 14, Anchorage, AK
99513-7587; telephone number<PHONE_NUMBER>; fax:<PHONE_NUMBER>; e-
mail<EMAIL_ADDRESS>Internet address: http://www.faa.gov/about/office_org/headquarters_offices/ato/service_units/systemops/fs/alaskan/rulemaking/.

SUPPLEMENTARY INFORMATION:

History

    On Thursday, May 12, 2011, the FAA published a notice of proposed
rulemaking (NPRM) in the Federal Register to revise Class E airspace at
Talkeetna, AK (76 FR 27619).
    Interested parties were invited to participate in this rulemaking
proceeding by submitting written comments on the proposal to the FAA.
One comment was received noting that the longitude of the Talkeetna
VOR/DME was incorrect. The FAA agrees and will correct the error.
    The Class E airspace areas are published in paragraphs 6002 and
6005, respectively, of FAA Order 7400.9U, Airspace Designations and
Reporting Points, signed August 18, 2010, and effective September 15,
2010, which is incorporated by reference in 14 CFR 71.1. The Class E
airspace designations listed in this document will be published
subsequently in the Order. With the exception of editorial changes, and
the changes described above, this rule is the same as that proposed in
the NPRM.

The Rule

    This action amends Title 14 Code of Federal Regulations (14 CFR)
part 71 by revising Class E airspace at the Talkeetna Airport,
Talkeetna, AK, to accommodate four amended standard instrument approach
procedures and the revised obstacle departure procedure. This Class E
surface airspace and Class E airspace extending upward from 700 and
1,200 feet above the surface is necessary for the safety and management
of IFR operations at the airport.
    The FAA has determined that this regulation only involves an
established body of technical regulations for which frequent and
routine amendments are necessary to keep them operationally current.
It, therefore--(1) Is not a ``significant regulatory action'' under
Executive Order 12866; (2) is not a

``significant rule'' under DOT Regulatory Policies and Procedures (44
FR 11034; February 26, 1979); and (3) does not warrant preparation of a
regulatory evaluation as the anticipated impact is so minimal. Because
this is a routine matter that will only affect air traffic procedures
and air navigation, it is certified that this rule will not have a
significant economic impact on a substantial number of small entities
under the criteria of the Regulatory Flexibility Act.
    The FAA's authority to issue rules regarding aviation safety is
found in Title 49 of the United States Code. Subtitle 1, Section 106
describes the authority of the FAA Administrator. Subtitle VII,
Aviation Programs, describes in more detail the scope of the agency's
authority.
    This rulemaking is promulgated under the authority described in
Subtitle VII, Part A, Subpart 1, Section 40103, Sovereignty and use of
airspace. Under that section, the FAA is charged with prescribing
regulations to ensure the safe and efficient use of the navigable
airspace. This regulation is within the scope of that authority because
it creates Class E airspace sufficient in size to contain aircraft
executing instrument procedures for the Talkeetna Airport and
represents the FAA's continuing effort to safely and efficiently use
the navigable airspace.

List of Subjects in 14 CFR Part 71

    Airspace, Incorporation by reference, Navigation (air).

Adoption of the Amendment

    In consideration of the foregoing, the Federal Aviation
Administration amends 14 CFR part 71 as follows:

PART 71--DESIGNATION OF CLASS A, B, C, D, AND E AIRSPACE AREAS; AIR
TRAFFIC SERVICE ROUTES; AND REPORTING POINTS

0
1. The authority citation for 14 CFR part 71 continues to read as
follows:

    Authority:  49 U.S.C. 106(g), 40103, 40113, 40120; E.O. 10854,
24 FR 9565, 3 CFR, 1959-1963 Comp., p. 389.

Sec.  71.1  [Amended]

0
2. The incorporation by reference in 14 CFR 71.1 of Federal Aviation
Administration Order 7400.9U, Airspace Designations and Reporting
Points, signed August 18, 2010, and effective September 15, 2010, is
amended as follows:

Paragraph 6002 Class E Airspace Designated as Surface Areas

* * * * *

AAL AK E2 Talkeetna, AK [Revised]

Talkeetna Airport, AK
    (Lat. 62[deg]19'14'' N., long. 150[deg]05'37'' W.)
Talkeetna VOR/DME
    (Lat. 62[deg]17'55'' N., long. 150[deg]06'20'' W.)

    Within a 5-mile radius of the Talkeetna Airport, and within 2.5
miles each side of the Talkeetna VOR/DME 191[deg] radial and within
1 mile each side of the Talkeetna VOR/DME 207[deg] radial extending
from the 5-mile radius to 8.4 miles southwest of the airport. This
Class E airspace area is effective during the specific dates and
times established in advance by a Notice to Airmen. The effective
date and time will thereafter be continuously published in the
Supplement Alaska (Airport/Facility Directory).
* * * * *

Paragraph 6005 Class E Airspace Extending Upward From 700 Feet or
More Above the Surface of the Earth

* * * * *

AAL AK E5 Talkeetna, AK [Revised]

Talkeetna Airport, AK
    (Lat. 62[deg]19'14'' N., long. 150[deg]05'37'' W.)
Talkeetna VOR/DME
    (Lat 62[deg]17'55'' W., long. 150[deg]06'20'' W.)

    That airspace extending upward from 700 feet above the surface
within a 7.5-mile radius of the Talkeetna Airport and within 3.2
miles each side of the Talkeetna VOR/DME 191[deg] radial and within
2.5 miles each side of the Talkeetna VOR/DME 207[deg] radial
extending from the 7.5-mile radius to 12.4 miles southwest of the
airport and that airspace extending upward from 1,200 feet above the
surface within a 72-mile radius of Talkeetna Airport.

    Issued in Anchorage, AK, on July 12, 2011.
Michael A. Tarr,
Manager, Alaska Flight Services.
[FR Doc. 2011-18451 Filed 7-21-11; 8:45 am]
BILLING CODE 4910-13-P


[Federal Register Volume 85, Number 1 (Thursday, January 2, 2020)]
[Notices]
[Pages 157-159]
[FR Doc No: 2019-28277]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-87859; File No. SR-ICC-2019-012]

Self-Regulatory Organizations; ICE Clear Credit LLC; Order
Approving Proposed Rule Change Relating to ICC's Treasury Operations
Policies and Procedures

December 26, 2019.

I. Introduction

    On November 1, 2019, ICE Clear Credit LLC (``ICC'') filed with the
Securities and Exchange Commission (``Commission''), pursuant to
Section 19(b)(1) of the Securities Exchange Act of 1934 (the
``Act''),\1\ and Rule 19b-4 thereunder,\2\ a proposed rule change to
revise the ICC Treasury Operations Policies and Procedures (``Treasury
Policy''). The proposed rule change was published for comment in the
Federal Register on November 21, 2019.\3\ The Commission did not
receive comments regarding the proposed rule 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\ Self-Regulatory Organizations; ICE Clear Credit LLC; Notice
of Filing of Proposed Rule Change Relating to ICC's Treasury
Operations Policies and Procedures; Exchange Act Release No. 34-
87549 (Nov. 15, 2019); 84 FR 64379 (Nov. 21, 2019) (``Notice'').
---------------------------------------------------------------------------

II. Description of the Proposed Rule Change

    ICC proposes to revise its Treasury Operations Policies and
Procedures to make clarification updates related to its use of a
committed repurchase (``repo'')

facility, acceptable forms of United States (``US'') Treasury
collateral, and its collateral valuation process.\4\
---------------------------------------------------------------------------

    \4\ The description herein is substantially excerpted from the
Notice, 84 FR 64379.
---------------------------------------------------------------------------

A. Committed Repo Facility

    ICC proposes amendments to the `Funds Management' section of the
Treasury Policy with respect to its use of a committed repo facility.
Specifically, ICC proposes to clarify that the committed repo facility
can be used to generate temporary liquidity through the sale and
agreement to repurchase securities pledged by ICC Clearing Participants
to satisfy their Initial Margin (``IM'') and Guaranty Fund (``GF'')
requirements. ICC proposes to include that, when applicable, the
facility can be used to rehypothecate sovereign debt from overnight
repo investments in the event of a counterparty default. ICC also
proposes to note that the facility can be used to sell, with the
agreement to repurchase, sovereign debt securities that are held by ICC
pursuant to direct investments in such securities.

B. Acceptable Collateral

    ICC proposes to update the `Custodial Assets' section of the
Treasury Policy regarding acceptable forms of US Treasury collateral.
Specifically, under the Treasury Policy, acceptable forms of non-cash
collateral for IM and GF are limited to US Treasury securities. ICC
proposes to specify that Floating Rate Notes and STRIPS are not
acceptable forms of US Treasury collateral for IM and GF.

C. Collateral Valuation

    ICC also proposes to add language stating that, with respect to its
collateral valuation process, Euros that are used to cover a US Dollar
denominated product requirement is first converted to the USD value and
that the USD value is haircut at the Euro currency haircut.

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.\5\ For the reasons given below, the Commission finds that
the proposed rule change is consistent with Section 17A(b)(3)(F) of the
Act \6\ and Rules 17Ad-22(b)(3) \7\ and 17Ad-22(d)(3) \8\ thereunder.
---------------------------------------------------------------------------

    \5\ 15 U.S.C. 78s(b)(2)(C).
    \6\ 15 U.S.C. 78q-1(b)(3)(F).
    \7\ 17 CFR 240.17Ad-22(b)(3).
    \8\ 17 CFR 240.17Ad-22(d)(3).
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A. Consistency With Section 17A(b)(3)(F) of the Act

    Section 17A(b)(3)(F) of the Act \9\ requires, among other things,
that the rules of a 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; to assure the safeguarding of securities and funds which
are in the custody or control of the clearing agency or for which it is
responsible.
---------------------------------------------------------------------------

    \9\ 15 U.S.C. 78q-1(b)(3)(F).
---------------------------------------------------------------------------

    As described above, the proposed rule change would clarify the
additional ways that ICC can utilize the committed repo facility to
generate liquidity when needed such as during a default. The Commission
believes that these changes enhance and strengthen ICC's financial
condition by giving it additional ways to generate needed liquidity.
This in turn would help ensure that ICC has the money to continue to
clear and settle trades even during defaults.
    Additionally, the Commission believes that ICC's proposal to revise
its Treasury Policy to state that Floating Rate Notes and STRIPS are
not acceptable forms of US Treasury collateral for IM and GF enhances
ICC's documentation as to what securities meet its criteria for
acceptable collateral and facilitates its ability to accept only such
securities as collateral. The Commission believes that this in turn
would enhance ICC's financial position by ensuring it holds
sufficiently liquid collateral to meet its IM and GF needs. This in
turn would help ensure that ICC can liquidate collateral as needed in a
prompt manner so that it has the funds to continue to clear and settle
trades.
    Further, the Commission believes that by adding language stating
that, with respect to its collateral valuation process, Euros used to
cover a US Dollar denominated product requirement will be subject to a
haircut, ICC ensures that it is following its process for collateral
valuation and discounting for native market and related currency risk.
The Commission believes that this too would help strengthen ICC's
financial condition by facilitating the accurate valuation of its
financial resources, which in turn would help ensure that ICC can
monitor its collateral and know whether it needs to bolster these
resources so that they are enough to meet ICC's obligations to clear
and settle trades.
    Therefore, for the reasons stated above, the Commission finds that
the proposed rule change would promote the prompt and accurate
clearance and settlement of securities transactions, assure the
safeguarding of securities and funds in ICC's custody and control, and,
in general, protect investors and the public interest, consistent with
the Section 17A(b)(3)(F) of the Act.\10\
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    \10\ 15 U.S.C. 78q-1(b)(3)(F).
---------------------------------------------------------------------------

B. Consistency With Rule 17Ad-22(b)(3)

    Rule 17Ad-22(b)(3) \11\ requires ICC to establish, implement,
maintain and enforce written policies and procedures reasonably
designed to maintain sufficient financial resources to withstand, at a
minimum, a default by the two Clearing Participant (``CP'') families to
which it has the largest exposures in extreme but plausible market
conditions. Because the committed repo facility can be used to support
its clearance and settlement obligations by offering ways to generate
cash when a default makes the sale of securities on a timely basis or
same-day basis difficult, the Commission believes that the revisions to
the Treasury Policy, which clarify various additional ways that that
the committed repo facility can be used to generate temporary liquidity
in the event of a default, enhances ICC's ability to maintain
sufficient financial resources to withstand, at a minimum, a default by
the two CP families to which it has the largest exposures.
Additionally, the Commission believes that the revisions to what is
considered acceptable collateral will strengthen ICC's financial
resources by ensuring that it only holds sufficiently liquid securities
that it can sell to meet its financial obligations and exclude those
securities that are not as easily liquidated.
---------------------------------------------------------------------------

    \11\ 17 CFR 240.17Ad-22(b)(3).
---------------------------------------------------------------------------

    Therefore, for the reasons stated above, the Commission finds that
the proposed rule change is consistent with Rule 17Ad-22(b)(3).\12\
---------------------------------------------------------------------------

    \12\ Id.
---------------------------------------------------------------------------

C. Consistency With Rule 17Ad-22(d)(3)

    Rule 17Ad-22(d)(3) \13\ requires ICC to establish, implement,
maintain and enforce written policies and procedures reasonably
designed, as applicable, to hold assets in a manner that minimizes risk
of loss or of delay in its access to them and to invest assets in
instruments with minimal credit, market, and liquidity risks.
---------------------------------------------------------------------------

    \13\ 17 CFR 240.17Ad-22(d)(3).

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

    The Commission believes that in clarifying that the committed repo
facility can be used to generate temporary liquidity through sale and
agreement to repurchase pledged securities, to rehypothecate sovereign
debt from overnight repos, and to sell, with the agreement to
repurchase, sovereign debt held by ICC pursuant to direct investments
in such securities, ICC is strengthening its ability to hold assets in
a manner that minimizes delay in access to them by describing ways to
utilize securities to quickly generate cash when the sale of those
securities cannot otherwise be accomplished in a timely manner due to a
clearing participant default. Further, the Commission believes that
because ICC can use the facility to sell, with the agreement to
repurchase, sovereign debt held by ICC pursuant to direct investments
in such securities, it is lowering the liquidity risk of this
particular sovereign debt.
    Therefore, for the reasons stated above, the Commission finds that
the proposed rule change is consistent with Rule 17Ad-22(d)(3).\14\
---------------------------------------------------------------------------

    \14\ 17Ad-22(d)(3).
---------------------------------------------------------------------------

IV. Conclusion

    On the basis of the foregoing, the Commission finds that the
proposed rule change is consistent with the requirements of the Act,
and in particular, with the requirements of Section 17A(b)(3)(F) of the
Act \15\ and Rules 17Ad-22(b)(3) and (d)(3) thereunder.\16\
---------------------------------------------------------------------------

    \15\ 15 U.S.C. 78q-1(b)(3)(F).
    \16\ 17 CFR 240.17Ad-22(b)(3) and 17 CFR 240.17Ad-22(d)(3).
---------------------------------------------------------------------------

    It is therefore ordered pursuant to Section 19(b)(2) of the Act
\17\ that the proposed rule change (SR-ICC-2019-012), be, and hereby
is, approved.\18\
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    \17\ 15 U.S.C. 78s(b)(2).
    \18\ 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.\19\
---------------------------------------------------------------------------

    \19\ 17 CFR 200.30-3(a)(12).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2019-28277 Filed 12-31-19; 8:45 am]
 BILLING CODE 8011-01-P


[Federal Register Volume 84, Number 175 (Tuesday, September 10, 2019)]
[Proposed Rules]
[Pages 47445-47447]
[FR Doc No: 2019-19410]

=======================================================================
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DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 39

[Docket No. FAA-2019-0596; Product Identifier 2019-NE-22-AD]
RIN 2120-AA64

Airworthiness Directives; Pratt & Whitney Turbofan Engines

AGENCY: Federal Aviation Administration (FAA), DOT.

ACTION: Notice of proposed rulemaking (NPRM).

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SUMMARY: The FAA proposes to adopt a new airworthiness directive (AD)
for all Pratt & Whitney (PW) PW1519G, PW1521G, PW1521GA, PW1524G,
PW1525G, PW1521G-3, PW1524G-3, PW1525G-3, PW1919G, PW1921G, PW1922G,
PW1923G, and PW1923G-A model turbofan engines. This proposed AD was
prompted by reports of in-flight shutdowns due to oil leaking from the
connection between the LP10 oil supply tube and the fuel oil cooler
(FOC). This proposed AD would require initial and repetitive gap
inspections of the LP10 oil supply tube and the FOC and, if a gap is
found, replacement of these parts. This proposed AD further requires
removal of these parts at the next engine shop visit. The FAA is
proposing an AD to address the unsafe condition on these products.

DATES: The FAA must receive comments on this proposed AD by October 25,
2019.

ADDRESSES: You may send comments, using the procedures found in 14 CFR
11.43 and 11.45, by any of the following methods:
     Federal eRulemaking Portal: Go to http://www.regulations.gov. Follow the instructions for submitting comments.
     Fax:<PHONE_NUMBER>.
     Mail: U.S. Department of Transportation, Docket
Operations, M-30, West Building Ground Floor, Room W12-140, 1200 New
Jersey Avenue SE, Washington, DC 20590.
     Hand Delivery: Deliver to Mail address above between 9
a.m. and 5 p.m., Monday through Friday, except Federal holidays.
    For service information identified in this NPRM, contact Pratt &
Whitney, 400 Main Street, East Hartford, CT, 06118; phone: 800-565-
0140; fax:<PHONE_NUMBER>; email<EMAIL_ADDRESS>internet: http://fleetcare.pw.utc.com. You may view this service information at the FAA,
Engine and Propeller Standards Branch, 1200 District Avenue,
Burlington, MA, 01803. For information on the availability of this
material at the FAA, call<PHONE_NUMBER>.

Examining the AD Docket

    You may examine the AD docket on the internet at http://www.regulations.gov by searching for and locating Docket No. FAA-2019-
0596; or in person at Docket Operations between 9 a.m. and 5 p.m.,
Monday through Friday, except Federal holidays. The AD docket contains
this NPRM, the regulatory evaluation, any comments received, and other
information. The street address for Docket Operations is listed above.
Comments will be available in the AD docket shortly after receipt.

FOR FURTHER INFORMATION CONTACT: Kevin M. Clark, Aerospace Engineer,
ECO Branch, FAA, 1200 District Avenue, Burlington, MA, 01803; phone:
781-238-7088; fax:<PHONE_NUMBER>; email<EMAIL_ADDRESS>
SUPPLEMENTARY INFORMATION:

Comments Invited

    The FAA invites you to send any written relevant data, views, or
arguments about this proposal. Send your comments to an address listed
under the ADDRESSES section. Include ``Docket No. FAA-2010-0596;
Product Identifier 2019-NE-22-AD'' at the beginning of your comments.
The FAA specifically invites comments on the overall regulatory,
economic, environmental, and energy aspects of this NPRM. The FAA will
consider all comments received by the closing date and may amend this
NPRM because of those comments.
    The FAA will post all comments we receive, without change, to
http://www.regulations.gov, including any personal information you
provide. The FAA will also post a report summarizing each substantive
verbal contact we receive about this NPRM.

Discussion

    The FAA received reports of two in-flight shutdowns due to oil
leaking from the connection between the LP10 tube and the fuel oil
cooler. This condition, if not addressed, could result in failure of
the LP10 oil tube, engine fire and damage to the airplane.

Related Service Information Under 1 CFR Part 51

    The FAA reviewed PW Service Bulletin (SB) PW SB PW1000-A-79-00-
0004-00B-930A-D, dated March 20, 2019, and PW SB PW1000-A-79-00-0011-
00A-930A-D, dated March 20, 2019. PW SB PW1000-A-79-00-0004-00B-930A-D
describes procedures for modification or replacement of the FOC on
PW1919G, PW1921G, PW1922G, PW1923G, and PW1923G-A model turbofan
engines. PW SB PW1000-A-79-00-0011-00A-930A-D describes procedures for
modification or replacement of the FOCs on PW1519G, PW1521G, PW1521GA,
PW1521G-3, PW1524G, PW1524G-3, PW1525G, and PW1525G-3 model turbofan
engines. This service information is reasonably available because the
interested parties have access to it through their normal course of
business or by the means identified in the ADDRESSES section.

Other Related Service Information

    The FAA reviewed PW SB PW SB PW1000-A-79-00-0005-00B-930A-D, dated
January 25, 2019; PW SB PW1000-A-79-00-0012-00A-930A-D, dated January
25, 2019; PW SB PW1000-A-79-00-0007-00B-930A-D, dated March 29, 2019,
and PW SB PW1000G-A-79-00-0013-00A-930A-D, dated March 29, 2019. These
service bulletins describe procedures for inspections of the FOC for
gaps as well as replacement of the FOC and the LP10 oil supply tube to
prevent oil leaks.

FAA's Determination

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

Proposed AD Requirements

    This proposed AD would require initial and repetitive gap
inspections of the LP10 oil supply tube and the FOC and, if a gap is
found, replacement of these parts. This proposed AD would further
require removal and replacement of these parts at the next engine shop
visit.

Costs of Compliance

    The FAA estimates that this proposed AD affects 18 engines
installed on airplanes of U.S. registry.
    The FAA estimates the following costs to comply with this proposed
AD:

                                                 Estimated Costs
----------------------------------------------------------------------------------------------------------------
                                                                                Cost per      Cost on U.S.
                Action                         Labor cost           Parts cost        product        operators
----------------------------------------------------------------------------------------------------------------
Perform gap inspection................  2 work-hours x $85 per                $0            $170          $3,060
                                         hour = $170.
Replace FOC...........................  5 work-hours x $85 per            69,000          69,425       1,249,650
                                         hour = $425.
Replace LP 10 line....................  2.5 work-hours x $85 per           1,125        1,337.50          24,075
                                         hour = $212.50.
----------------------------------------------------------------------------------------------------------------

Authority for This Rulemaking

    Title 49 of the United States Code specifies the FAA's authority to
issue rules on aviation safety. Subtitle I, section 106, describes the
authority of the FAA Administrator. Subtitle VII: Aviation Programs,
describes in more detail the scope of the Agency's authority.
    The FAA is issuing this rulemaking under the authority described in
Subtitle VII, Part A, Subpart III, Section 44701: ``General
requirements.'' Under that section, Congress charges the FAA with
promoting safe flight of civil aircraft in air commerce by prescribing
regulations for practices, methods, and procedures the Administrator
finds necessary for safety in air commerce. This regulation is within
the scope of that authority because it addresses an unsafe condition
that is likely to exist or develop on products identified in this
rulemaking action.
    This AD is issued in accordance with authority delegated by the
Executive Director, Aircraft Certification Service, as authorized by
FAA Order 8000.51C. In accordance with that order, issuance of ADs is
normally a function of the Compliance and Airworthiness Division, but
during this transition period, the Executive Director has delegated the
authority to issue ADs applicable to engines, propellers, and
associated appliances to the Manager, Engine and Propeller Standards
Branch, Policy and Innovation Division.

Regulatory Findings

    The FAA determined that this proposed AD would not have federalism
implications under Executive Order 13132. This proposed AD would not
have a substantial direct effect on the States, on the relationship
between the national government and the States, or on the distribution
of power and responsibilities among the various levels of government.
    For the reasons discussed above, I certify this proposed
regulation:

    (1) Is not a ``significant regulatory action'' under Executive
Order 12866,
    (2) Will not affect intrastate aviation in Alaska, and
    (3) Will not have a significant economic impact, positive or
negative, on a substantial number of small entities under the criteria
of the Regulatory Flexibility Act.

List of Subjects in 14 CFR Part 39

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

The Proposed Amendment

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

PART 39--AIRWORTHINESS DIRECTIVES

0
1. The authority citation for part 39 continues to read as follows:

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

Sec.  39.13  [Amended]

0
2. The FAA amends Sec.  39.13 by adding the following new airworthiness
directive (AD):

Pratt & Whitney: Docket No. FAA-2019-0596; Product Identifier 2019-
NE-22-AD.

(a) Comments Due Date

    The FAA must receive comments by October 25, 2019.

(b) Affected ADs

    None.

(c) Applicability

    This AD applies to all Pratt & Whitney (PW) PW1519G, PW1521G,
PW1521GA, PW1524G, PW1525G, PW1521G-3, PW1524G-3, PW1525G-3,
PW1919G, PW1921G, PW1922G, PW1923G, and PW1923G-A model turbofan
engines.

(d) Subject

    Joint Aircraft System Component (JASC) Code 7261, Turbine Engine
Oil System.

(e) Unsafe Condition

    This AD was prompted by reports of two in-flight shutdowns due
to oil leaking from the connection between the LP10 oil supply tube
and the fuel oil cooler (FOC). The FAA is issuing this AD to prevent
failure of the LP10 oil supply tube, engine fire and damage to the
airplane. The unsafe condition, if not addressed, could result in
engine fire and damage to the airplane.

(f) Compliance

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

(g) Required Actions

    (1) Within 300 engine cycles from the effective date of this AD,
perform an initial gap inspection with a 0.001 inch feeler gauge
between the LP10 oil supply tube, part number (P/N) 5312624-01, and
the FOC, P/N 5306769.
    (i) If any gap is found, remove the LP10 oil supply tube and the
FOC and replace with parts eligible for installation prior to
further flight.
    (ii) If no gap is found, repeat this inspection every 850 engine
cycles since the previous inspection.
    (2) At the next shop visit after the effective date of this AD,
remove the LP10 oil supply tube, P/N 5312624-01, and the FOC, P/N
5306769, and replace with parts eligible for installation.

(h) Terminating Action

    Removal of the affected LP10 oil supply tube and the FOC per the
requirements of paragraphs (g)(1)(i) or (g)(2) of this AD
constitutes terminating action for the inspections required by
paragraph (g)(1) of this AD.

(i) Definition

    (1) For the purpose of this AD, an ``engine shop visit'' is the
induction of an engine into the shop for maintenance involving the
separation of pairs of major mating engine case flanges, except
separation of engine flanges solely for the purposes of
transportation of the engine without subsequent maintenance does not
constitute an engine shop visit.
    (2) For the purpose of this AD, an LP10 tube eligible for
installation is any LP10 tube with a P/N other than P/N 5312624-01.
    (3) For the purpose of this AD, a FOC eligible for installation
is one with a P/N other than P/N 5306769 or an FOC modified per PW
SB PW1000G-A-79-00-0004-00B-930A-D or PW SB PW1000G-A-79-00-0011-
00A-930A-D, both dated March 20, 2019.

(j) Alternative Methods of Compliance (AMOCs)

    (1) The Manager, ECO Branch, FAA, has the authority to approve
AMOCs for this AD, if requested using the procedures found in 14 CFR
39.19. In accordance with 14 CFR 39.19, send your request to your
principal inspector or local Flight Standards District Office, as
appropriate. If sending information directly to the manager of the
certification office, send it to the attention of the person
identified in paragraph (k)(1) of this AD. You may email your
request to<EMAIL_ADDRESS>    (2) Before using any approved AMOC, notify your appropriate
principal inspector, or lacking a principal inspector, the manager
of the local flight standards district office/certificate holding
district office.

(k) Related Information

    (1) For more information about this AD, contact Kevin M. Clark,
Aerospace Engineer, ECO Branch, FAA, 1200 District Avenue,
Burlington, MA 01803; phone:<PHONE_NUMBER>; fax:<PHONE_NUMBER>; email:
<EMAIL_ADDRESS>    (2) For service information identified in this AD, contact Pratt
& Whitney, 400 Main Street, East Hartford, CT 06118; phone: 800-565-
0140; fax:<PHONE_NUMBER>; email<EMAIL_ADDRESS>internet: http://fleetcare.pw.utc.com. You may view this service information at the
FAA, Engine and Propeller Standards Branch, 1200 District Avenue,
Burlington, MA 01803. For information on the availability of this
material at the FAA, call<PHONE_NUMBER>.

    Issued in Burlington, Massachusetts, on September 4, 2019.
Karen M. Grant,
Acting Manager, Engine & Propeller Standards Branch, Aircraft
Certification Service.
[FR Doc. 2019-19410 Filed 9-9-19; 8:45 am]
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[Federal Register Volume 86, Number 244 (Thursday, December 23, 2021)]
[Notices]
[Page 72966]
[FR Doc No: 2021-27863]

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

ENVIRONMENTAL PROTECTION AGENCY

[ER-FRL-9059-9]

Environmental Impact Statements; Notice of Availability

    Responsible Agency: Office of Federal Activities, General
Information<PHONE_NUMBER> or https://www.epa.gov/nepa.

Weekly receipt of Environmental Impact Statements (EIS)
Filed December 13, 2021 10 a.m. EST Through December 17, 2021 10 a.m.
EST
Pursuant to 40 CFR 1506.9.

Notice

    Section 309(a) of the Clean Air Act requires that EPA make public
its comments on EISs issued by other Federal agencies. EPA's comment
letters on EISs are available at: https://cdxnodengn.epa.gov/cdx-enepa-public/action/eis/search.

EIS No. 20210185, Draft, FERC, LA, Hackberry Storage Project, Comment
Period Ends: 02/07/2022, Contact: Office of External Affairs 866-208-
3372.
EIS No. 20210186, Final Supplement, FERC, PA, Atlantic Coast Pipeline
Restoration Project and Supply Header Restoration Project, Review
Period Ends: 01/24/2022, Contact: Office of External Affairs 866-208-
3372.
EIS No. 20210187, Draft, USFS, UT, Southern Monroe Mountain Allotments
Livestock Grazing Authorization, Comment Period Ends: 02/07/2022,
Contact: Jason Kling<PHONE_NUMBER>.

    Dated: December 17, 2021.
Cindy S. Barger,
Director, NEPA Compliance Division, Office of Federal Activities.
[FR Doc. 2021-27863 Filed 12-22-21; 8:45 am]
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[Federal Register Volume 76, Number 190 (Friday, September 30, 2011)]
[Notices]
[Pages 60962-60963]
[FR Doc No: 2011-25154]

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

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

Noise Exposure Map Update for Buffalo Niagara International
Airport, Buffalo, NY

AGENCY: Federal Aviation Administration, DOT.

ACTION: Notice.

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

SUMMARY: The Federal Aviation Administration (FAA) announces its
determination that the updated noise exposure maps submitted by the
Niagara Frontier Transportation Authority (NFTA), for Buffalo Niagara
International Airport, under the provisions of 49 U.S.C. 47501 et seq.
(Aviation Safety and Noise Abatement Act) and 14 CFR Part 150 are in
compliance with applicable requirements.

DATES: Effective Date: The effective date of the FAA's determination on
the noise exposure maps is September 20, 2011.

FOR FURTHER INFORMATION CONTACT: Ms. Suki Gill, Environmental
Protection Specialist, Federal Aviation Administration, New York
Airports District Office, 600 Old Country Road, Suite 446, Garden City,
NY 11530, Telephone<PHONE_NUMBER>.

SUPPLEMENTARY INFORMATION: This notice announces that the FAA finds
that the updated noise exposure maps submitted for Buffalo Niagara
International Airport are in compliance with applicable requirements of
14 Code of Federal Regulations (CFR) part 150 (hereinafter referred to
as ``part 150''), effective September 20, 2011. Under 49 U.S.C. section
47503 of the Aviation Safety and Noise Abatement Act (hereinafter
referred to as ``the Act''), an airport operator may submit to the FAA
noise exposure maps which meet applicable regulations and which depict
non-compatible land uses as of the date of submission of such maps, a
description of projected aircraft operations, and the ways in which
such operations will affect such maps. The Act requires such maps to be
developed in consultation with interested and affected parties in the
local community, government agencies, and persons using the airport. An
airport operator who has submitted noise exposure maps that are found
by FAA to be in compliance with the requirements of part 150,
promulgated pursuant to the Act, may submit a noise compatibility
program for FAA approval which sets forth the measures the operator has
taken or proposes to take to reduce existing non-compatible uses and
prevent the introduction of additional non-compatible uses.
    The FAA has completed its review of the noise exposure maps and
accompanying documentation submitted by the NFTA. The documentation
that constitutes the ``Noise Exposure Maps'' as defined in section
150.7 of part 150 includes: Figure 6 ``2008 Noise Exposure Map with
Land Use'' and Figure 9 ``2013 Noise Exposure Map & Affected Land
Uses.'' The FAA has determined that these noise exposure maps and
accompanying documentation are in compliance with applicable
requirements. This determination is effective on September 20, 2011.
    FAA's determination on an airport operator's noise exposure maps is
limited to a finding that the maps were developed in accordance with
the procedures contained in Appendix A of part 150. Such determination
does not constitute approval of the applicant's data, information or
plans, or a commitment to approve a noise compatibility program or to
fund the implementation of that program. If questions arise concerning
the precise relationship of specific properties to noise exposure
contours depicted on a noise exposure map submitted under section 47503
of the Act, it should be noted that the FAA is not involved in any way
in determining the relative locations of specific properties with
regard to the depicted noise contours, or in interpreting the noise
exposure maps to resolve questions concerning, for example, which
properties should be covered by the provisions of section 47506 of the
Act. These functions are inseparable from the ultimate land use control
and planning responsibilities of local government. These local
responsibilities are not changed in any way under part 150 or through
FAA's review of noise exposure maps. Therefore, the responsibility for
the detailed overlaying of noise exposure contours onto the map
depicting properties on the surface rests exclusively with the airport
operator that submitted those maps, or with

those public agencies and planning agencies with which consultation is
required under section 47503 of the Act. The FAA has relied on the
certification by the airport operator, under section 150.21 of Part
150, that the statutorily required consultation has been accomplished.
    Copies of the full noise exposure map documentation and of the
FAA's evaluation of the maps are available for examination at the
following locations:

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

------------------------------------------------------------------------
Federal Aviation Administration, New     BNIA Noise Demonstration Home,
 York Airports District Office, 600 Old   68 Cayuga Road, Buffalo, NY
 Country Road, Suite 446, Garden City,    14225. Monday-Friday--9 a.m.-4
 NY 11530. Monday-Friday--9 a.m.-4 p.m.   p.m.<PHONE_NUMBER>.
Niagara Frontier Transportation
 Authority, Buffalo Niagara
 International Airport, 4200 Genesee
 Street, Buffalo, NY 14225, (716) 630-
 6000, Available upon request http://www.nfta.com.
------------------------------------------------------------------------

    Questions may be directed to the individual named above under the
heading FOR FURTHER INFORMATION CONTACT.

    Issued in Jamaica, New York, on September 21, 2011.
Tom Felix,
Manager, Planning & Programming, AEA-610, Eastern Region.
[FR Doc. 2011-25154 Filed 9-29-11; 8:45 am]
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