Caribbean Queen Conch14 Atlantic Triton s Trumpet CFMC Undefined Undefined Unknown N/ A N/ A Caribbean Queen Conch14 Cameo Helmet CFMC Undefined Undefined Unknown N/ A N/ A Caribbean Queen Conch14 Caribbean Helmet CFMC Undefined Undefined Unknown N/ A N/ A Caribbean Queen Conch14 Caribbean Vase CFMC Undefined Undefined Unknown N/ A N/ A Caribbean Queen Conch14 Flame Helmet CFMC Undefined Undefined Unknown N/ A N/ A Caribbean Queen Conch14 Green Star Shell CFMC Undefined Undefined Unknown N/ A N/ A Caribbean Queen Conch14 Hawkwing Conch CFMC Undefined Undefined Unknown N/ A N/ A Caribbean Queen Conch14 Milk Conch CFMC Undefined Undefined Unknown N/ A N/ A Caribbean Queen Conch14 Roostertail Conch CFMC Undefined Undefined Unknown N/ A N/ A Caribbean Queen Conch14 True Tulip CFMC Undefined Undefined Unknown N/ A N/ A 51                                                                                Fishery Management Plan Stock ( Species in Bold are Major Stocks) Jurisdiction Overfishing?

( Is Fishing Mortality above Threshold?) Overfished?

( Is Biomass below Threshold?) Approaching Overfished Condition? Management Action Required Rebuilding Program Progress Pre SFA Post SFA Pre SFA Post SFA Caribbean Queen Conch14 West Indian Fighting Conch CFMC Undefined Undefined Unknown N/ A N/ A Caribbean Queen Conch14 Whelk ( West Indian Top Shell) CFMC Undefined Undefined Unknown N/ A N/ A Caribbean Corals15 Hydrocorals CFMC No Undefined Unknown N/ A N/ A Caribbean Corals15 Soft Corals CFMC No Undefined Unknown N/ A N/ A Caribbean Corals15 Gorgonian Corals CFMC No Undefined Unknown N/ A N/ A Caribbean Corals15 Hard Corals CFMC No Undefined Unknown N/ A N/ A Caribbean Corals15 Black Corals CFMC No Undefined Unknown N/ A N/ A Caribbean Corals15 False Corals CFMC No Undefined Unknown N/ A N/ A Caribbean Corals15 Sponges CFMC Unknown Undefined Unknown N/ A N/ A Caribbean Corals15 Hydroids CFMC Unknown Undefined Unknown N/ A N/ A Caribbean Corals15 Anemones CFMC Unknown Undefined Unknown N/ A N/ A Caribbean Corals15 Colonial Anemones CFMC Unknown Undefined Unknown N/ A N/ A Caribbean Corals15 Annelid Worms CFMC Unknown Undefined Unknown N/ A N/ A Caribbean Corals15 Other Gastropods CFMC Unknown Undefined Unknown N/ A N/ A Caribbean Corals15 Bivalves CFMC Unknown Undefined Unknown N/ A N/ A Caribbean Corals15 Cephalopods CFMC Unknown Undefined Unknown N/ A N/ A Caribbean Corals15 Crustaceans CFMC Unknown Undefined Unknown N/ A N/ A 52                                                                                Fishery Management Plan Stock ( Species in Bold are Major Stocks) Jurisdiction Overfishing?

( Is Fishing Mortality above Threshold?) Overfished?

( Is Biomass below Threshold?) Approaching Overfished Condition? Management Action Required Rebuilding Program Progress Pre SFA Post SFA Pre SFA Post SFA Caribbean Corals15 Bryozoans CFMC Unknown Undefined Unknown N/ A N/ A Caribbean Corals15 Feather Stars CFMC Unknown Undefined Unknown N/ A N/ A Caribbean Corals15 Sea Stars CFMC Unknown Undefined Unknown N/ A N/ A Caribbean Corals15 Brittle and Basket Stars CFMC Unknown Undefined Unknown N/ A N/ A Caribbean Corals15 Sea Urchins CFMC Unknown Undefined Unknown N/ A N/ A Caribbean Corals15 Sea Cucumbers CFMC Unknown Undefined Unknown N/ A N/ A Caribbean Corals15 Tunicates CFMC Unknown Undefined Unknown N/ A N/ A Caribbean Corals15 Green Algae CFMC Undefined Undefined Unknown N/ A N/ A Caribbean Corals15 Red Algae CFMC Undefined Undefined Unknown N/ A N/ A Caribbean Corals15 Seagrasses CFMC Undefined Undefined Unknown N/ A N/ A CALIFORNIA CENTRAL VALLEY CHINOOK WA, OR, CA Salmon SACRAMENTO RIVER FALL PFMC No No No N/ A N/ A WA, OR, CA Salmon Sacramento River Spring ( Central Valley Spring

ESA Threatened 1999) PFMC N/ A16 Exception 2 & 3 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Sacramento River Winter ( ESA Endangered 1994) PFMC N/ A16 Exception 2 & 3 N/ A N/ A N/ A N/ A NORTHERN CALIFORNIA COAST CHINOOK 53                                                                                Fishery Management Plan Stock ( Species in Bold are Major Stocks) Jurisdiction Overfishing?

( Is Fishing Mortality above Threshold?) Overfished?

( Is Biomass below Threshold?) Approaching Overfished Condition? Management Action Required Rebuilding Program Progress Pre SFA Post SFA Pre SFA Post SFA WA, OR, CA Salmon Eel, Mattole, Mad, and Smith Rivers17 ( Fall and Spring)

( Eel, Mattole, and Mad River stocks

( ESA Threatened 1999) PFMC N/ A16 Exception 3 N/ A N/ A N/ A N/ A WA, OR, CA Salmon KLAMATH RIVER FALL ( KLAMATH AND TRINITY RIVERS) PFMC No No No N/ A N/ A WA, OR, CA Salmon Klamath River Spring ( Klamath and Trinity Rivers) PFMC Unknown18 Unknown18 Unknown N/ A N/ A OREGON COAST CHINOOK WA, OR, CA Salmon SOUTHERN OREGON ( Aggregate of fall and spring stocks in all streams south of Elk River; Rogue River fall stock is used to indicate relative abundance and ocean contribution rates) PFMC No No No N/ A N/ A WA, OR, CA Salmon CENTRAL AND NORTHERN OREGON ( Aggregate of fall and spring stocks in all streams from the Elk River to just south of the Columbia River) PFMC No No No N/ A N/ A COLUMBIA RIVER BASIN CHINOOK WA, OR, CA Salmon NORTH LEWIS RIVER FALL ( ESA Threatened 1999) PFMC N/ A16 Exception 3 N/ A N/ A N/ A N/ A WA, OR, CA Salmon LOWER RIVER HATCHERY FALL PFMC N/ A16 Exception 1 N/ A N/ A N/ A N/ A WA, OR, CA Salmon LOWER RIVER HATCHERY SPRING PFMC N/ A16 Exception 1 N/ A N/ A N/ A N/ A 54                                                                                Fishery Management Plan Stock ( Species in Bold are Major Stocks) Jurisdiction Overfishing?

( Is Fishing Mortality above Threshold?) Overfished?

( Is Biomass below Threshold?) Approaching Overfished Condition? Management Action Required Rebuilding Program Progress Pre SFA Post SFA Pre SFA Post SFA WA, OR, CA Salmon Upper Willamette Spring ( ESA Threatened 1999) PFMC N/ A16 Exception 2 & 3 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Mid River Bright Hatchery ( Fall) PFMC N/ A16 Exception 1 N/ A N/ A N/ A N/ A WA, OR, CA Salmon SPRING CREEK HATCHERY ( FALL) PFMC N/ A16 Exception 1 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Klickitat, Warm Springs, John Day,

and Yakima Rivers ( Spring) PFMC N/ A16 Exception 2 N/ A N/ A N/ A N/ A WA, OR, CA Salmon SNAKE RIVER FALL ( ESA Threatened 1992) PFMC N/ A16 Exception 3 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Snake River Spring / Summer ( ESA Threatened 1992) PFMC N/ A16 Exception 2 & 3 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Upper River Bright ( Fall) PFMC N/ A16 Exception 2 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Upper River Summer PFMC N/ A16 Exception 2 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Upper River Spring ( ESA Endangered 1999) PFMC N/ A16 Exception 2 & 3 N/ A N/ A N/ A N/ A WASHINGTON COAST CHINOOK WA, OR, CA Salmon Willapa Bay Fall ( natural) PFMC N/ A16 Exception 2 N/ A N/ A N/ A N/ A 55                                                                                Fishery Management Plan Stock ( Species in Bold are Major Stocks) Jurisdiction Overfishing?

( Is Fishing Mortality above Threshold?) Overfished?

( Is Biomass below Threshold?) Approaching Overfished Condition? Management Action Required Rebuilding Program Progress Pre SFA Post SFA Pre SFA Post SFA WA, OR, CA Salmon Willapa Bay Fall ( hatchery) PFMC N/ A16 Exception 1 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Grays Harbor Fall PFMC N/ A16 Exception 2 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Grays Harbor Spring PFMC N/ A16 Exception 2 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Quinault Fall PFMC N/ A16 Exception 1 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Queets Fall PFMC N/ A16 Exception 2 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Queets Spring / Summer PFMC N/ A16 Exception 2 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Hoh Fall PFMC N/ A16 Exception 2 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Hoh Spring / Summer PFMC N/ A16 Exception 2 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Quillayute Fall PFMC N/ A16 Exception 2 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Quillayute Spring / Summer PFMC N/ A16 Exception 2 N/ A N/ A N/ A N/ A 56                                                                                Fishery Management Plan Stock ( Species in Bold are Major Stocks) Jurisdiction Overfishing?

( Is Fishing Mortality above Threshold?) Overfished?

( Is Biomass below Threshold?) Approaching Overfished Condition? Management Action Required Rebuilding Program Progress Pre SFA Post SFA Pre SFA Post SFA WA, OR, CA Salmon Hoko Summer / Fall ( Western Strait of Juan de Fuca) PFMC N/ A16 Exception 2 N/ A N/ A N/ A N/ A PUGET SOUND CHINOOK WA, OR, CA Salmon Eastern Strait of Juan de Fuca Summer / Fall ( ESA Threatened 1999) PFMC N/ A16 Exception 2 & 3 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Skokomish Summer / Fall ( Hood Canal)

( ESA Threatened 1999) PFMC N/ A16 Exception 2 & 3 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Nooksack Spring ( early)

( ESA Threatened 1999) PFMC N/ A16 Exception 2 & 3 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Skagit Summer / Fall ( ESA Threatened 1999) PFMC N/ A16 Exception 2 & 3 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Skagit Spring ( ESA Threatened 1999) PFMC N/ A16 Exception 2 & 3 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Stillaguamish Summer / Fall ( ESA Threatened 1999) PFMC N/ A16 Exception 2 & 3 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Snohomish Summer / Fall ( ESA Threatened 1999) PFMC N/ A16 Exception 2 & 3 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Cedar River Summer / Fall ( Lake Washington )

( ESA Threatened 1999) PFMC N/ A16 Exception 2 & 3 N/ A N/ A N/ A N/ A WA, OR, CA Salmon White River Spring ( ESA Threatened 1999) PFMC N/ A16 Exception 2 & 3 N/ A N/ A N/ A N/ A 57                                                                                Fishery Management Plan Stock ( Species in Bold are Major Stocks) Jurisdiction Overfishing?

( Is Fishing Mortality above Threshold?) Overfished?

( Is Biomass below Threshold?) Approaching Overfished Condition? Management Action Required Rebuilding Program Progress Pre SFA Post SFA Pre SFA Post SFA WA, OR, CA Salmon Green River Summer / Fall ( ESA Threatened 1999) PFMC N/ A16 Exception 2 & 3 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Nisqually River Summer / Fall ( South Puget Sound)

( ESA Threatened 1999) PFMC N/ A16 Exception 2 & 3 N/ A N/ A N/ A N/ A SOUTHERN BRITISH COLUMBIA CHINOOK WA, OR, CA Salmon Coastal Stocks19 PFMC N/ A16 Exception 2 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Fraser River19 PFMC N/ A16 Exception 2 N/ A N/ A N/ A N/ A OREGON PRODUCTION INDEX AREA COHO WA, OR, CA Salmon Central California Coast ( ESA Threatened 1996) PFMC N/ A16 Exception 2 & 3 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Northern California ( ESA Threatened 1997) PFMC N/ A16 Exception 2 & 3 N/ A N/ A N/ A N/ A WA, OR, CA Salmon OREGON COASTAL NATURAL comprised of Southern, South Central, North

Central, and Northern Oregon stocks.

Southern Stock  ESA Threatened 1998) PFMC No20 No No N/ A N/ A WA, OR, CA Salmon COLUMBIA RIVER LATE ( HATCHERY) PFMC N/ A16 Exception 1 N/ A N/ A N/ A N/ A 58                                                                                Fishery Management Plan Stock ( Species in Bold are Major Stocks) Jurisdiction Overfishing?

( Is Fishing Mortality above Threshold?) Overfished?

( Is Biomass below Threshold?) Approaching Overfished Condition? Management Action Required Rebuilding Program Progress Pre SFA Post SFA Pre SFA Post SFA WA, OR, CA Salmon COLUMBIA RIVER EARLY ( HATCHERY) PFMC N/ A16 Exception 1 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Columbia River ( Natural) PFMC N/ A16 Exception 2 N/ A N/ A N/ A N/ A WASHINGTON COASTAL COHO WA, OR, CA Salmon WILLAPA BAY ( HATCHERY) PFMC N/ A16 Exception 1 N/ A N/ A N/ A N/ A WA, OR, CA Salmon GRAYS HARBOR PFMC No No No N/ A N/ A WA, OR, CA Salmon QUINAULT ( HATCHERY) PFMC N/ A16 Exception 1 N/ A N/ A N/ A N/ A WA, OR, CA Salmon QUEETS PFMC No No No N/ A N/ A WA, OR, CA Salmon HOH PFMC No No No N/ A N/ A WA, OR, CA Salmon QUILLAYUTE FALL PFMC No No No N/ A N/ A WA, OR, CA Salmon QUILLAYUTE SUMMER ( HATCHERY) PFMC N/ A16 Exception 1 N/ A N/ A N/ A N/ A WA, OR, CA Salmon WESTERN STRAIT OF JUAN DE FUCA ( Sekiu, Hoko, Clallam, Pysht, East and West,

and Lyre Rivers and miscellaneous streams west of the Elwha River) PFMC No No No N/ A N/ A 59                                                                                Fishery Management Plan Stock ( Species in Bold are Major Stocks) Jurisdiction Overfishing?

( Is Fishing Mortality above Threshold?) Overfished?

( Is Biomass below Threshold?) Approaching Overfished Condition? Management Action Required Rebuilding Program Progress Pre SFA Post SFA Pre SFA Post SFA PUGET SOUND COHO WA, OR, CA Salmon EASTERN STRAIT OF JUAN DE FUCA ( Streams east of Salt Creek through Chimacum Creek) PFMC No No No N/ A N/ A WA, OR, CA Salmon HOOD CANAL PFMC No No No N/ A N/ A WA, OR, CA Salmon SKAGIT PFMC No No No N/ A N/ A WA, OR, CA Salmon STILLAGUAMISH PFMC No No No N/ A N/ A WA, OR, CA Salmon SNOHOMISH PFMC No No No N/ A N/ A WA, OR, CA Salmon South Puget Sound ( Hatchery) PFMC N/ A16 Exception 1 N/ A N/ A N/ A N/ A SOUTHERN BRITISH COLUMBIA COAST COHO WA, OR, CA Salmon Coastal Stocks19 PFMC N/ A16 Exception 2 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Fraser River19 PFMC N/ A16 Exception 2 N/ A N/ A N/ A N/ A PINK ( ODD NUMBERED YEARS)

WA, OR, CA Salmon Puget Sound19 PFMC N/ A16 Exception 2 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Fraser River19 PFMC N/ A16 Exception 2 N/ A N/ A N/ A N/ A 60                                                                                Fishery Management Plan Stock ( Species in Bold are Major Stocks) Jurisdiction Overfishing?

( Is Fishing Mortality above Threshold?) Overfished?

( Is Biomass below Threshold?) Approaching Overfished Condition? Management Action Required Rebuilding Program Progress Pre SFA Post SFA Pre SFA Post SFA OTHER SALMONIDS PFMC WA, OR, CA Salmon Sockeye Salmon PFMC N/ A21 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Chum Salmon PFMC N/ A21 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Pink Salmon ( even numbered years) PFMC N/ A21 N/ A N/ A N/ A N/ A WA, OR, CA Salmon Steelhead PFMC N/ A21 N/ A N/ A N/ A N/ A Coastal Pelagic Species PACIFIC ( CHUB) MACKEREL PFMC No No No N/ A N/ A Coastal Pelagic Species PACIFIC SARDINE PFMC No No No N/ A N/ A Coastal Pelagic Species JACK MACKEREL PFMC No Undefined Unknown N/ A N/ A Coastal Pelagic Species NORTHERN ANCHOVY ( CENTRAL SUBPOPULATION) PFMC No Undefined Unknown N/ A N/ A Coastal Pelagic Species NORTHERN ANCHOVY ( NORTHERN SUBPOPULATION) PFMC Undefined Undefined Unknown N/ A N/ A Coastal Pelagic Species MARKET SQUID PFMC Undefined Undefined Unknown N/ A N/ A WA, OR, CA Groundfish LINGCOD PFMC No Yes N/ A continue rebuilding plan under devlopment22 WA, OR, CA Groundfish PACIFIC OCEAN PERCH PFMC No Yes N/ A continue rebuilding 2/ 42 year interim plan22 WA, OR, CA Groundfish BOCACCIO PFMC No Yes N/ A continue rebuilding 2/ 34 year interim plan22 61                                                                                Fishery Management Plan Stock ( Species in Bold are Major Stocks) Jurisdiction Overfishing?

( Is Fishing Mortality above Threshold?) Overfished?

( Is Biomass below Threshold?) Approaching Overfished Condition? Management Action Required Rebuilding Program Progress Pre SFA Post SFA Pre SFA Post SFA WA, OR, CA Groundfish CANARY ROCKFISH PFMC No Yes N/ A continue rebuilding 2/ 57 year interim plan22 WA, OR, CA Groundfish Cowcod PFMC No Yes N/ A continue rebuilding 2/ 95 year interim plan22 WA, OR, CA Groundfish DARKBLOTCHED ROCKFISH PFMC No Yes N/ A rebuild program under development23 WA, OR, CA Groundfish WIDOW ROCKFISH PFMC No Yes N/ A rebuild program under development23 WA, OR, CA Groundfish YELLOWEYE ROCKFISH PFMC No No Yes N/ A N/ A WA, OR, CA Groundfish BANK ROCKFISH PFMC No No No N/ A N/ A WA, OR, CA Groundfish SHORTSPINE THORNYHEAD PFMC No No No N/ A N/ A WA, OR, CA Groundfish LONGSPINE THORNYHEAD PFMC No No No N/ A N/ A WA, OR, CA Groundfish YELLOWTAIL ROCKFISH PFMC No No No N/ A N/ A WA, OR, CA Groundfish PACIFIC WHITING PFMC No No No N/ A N/ A WA, OR, CA Groundfish SABLEFISH PFMC No No No N/ A N/ A WA, OR, CA Groundfish DOVER SOLE PFMC No No No N/ A N/ A WA, OR, CA Groundfish ENGLISH SOLE PFMC No No No N/ A N/ A WA, OR, CA Groundfish PETRALE SOLE PFMC No No No N/ A N/ A 62                                                                                Fishery Management Plan Stock ( Species in Bold are Major Stocks) Jurisdiction Overfishing?

( Is Fishing Mortality above Threshold?) Overfished?

( Is Biomass below Threshold?) Approaching Overfished Condition? Management Action Required Rebuilding Program Progress Pre SFA Post SFA Pre SFA Post SFA WA, OR, CA Groundfish CHILIPEPPER ROCKFISH PFMC No No No N/ A N/ A WA, OR, CA Groundfish Shortbelly Rockfish PFMC No No No N/ A N/ A WA, OR, CA Groundfish ARROWTOOTH FLOUNDER PFMC No No No N/ A N/ A WA, OR, CA Groundfish BLACK ROCKFISH ( NORTH) PFMC No No No N/ A N/ A WA, OR, CA Groundfish SILVERGREY ROCKFISH PFMC No Unknown Unknown N/ A N/ A WA, OR, CA Groundfish PACIFIC COD PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Butter Sole PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Curlfin Sole PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Flathead Sole PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish PACIFIC SANDDAB PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish REX SOLE PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Rock Sole PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish SAND SOLE PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish STARRY FLOUNDER PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Aurora Rockfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Black and Yellow Rockfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish BLACKGILL ROCKFISH PFMC Unknown Unknown Unknown N/ A N/ A 63                                                                                Fishery Management Plan Stock ( Species in Bold are Major Stocks) Jurisdiction Overfishing?

( Is Fishing Mortality above Threshold?) Overfished?

( Is Biomass below Threshold?) Approaching Overfished Condition? Management Action Required Rebuilding Program Progress Pre SFA Post SFA Pre SFA Post SFA WA, OR, CA Groundfish BLUE ROCKFISH PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Bronzespotted Rockfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Brown Rockfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Calico Rockfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish China Rockfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish COPPER ROCKFISH PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Dusty Rockfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Flag Rockfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Gopher Rockfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Grass Rockfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Greenblotched Rockfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Greenspotted Rockfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish GREENSTRIPED ROCKFISH PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Harlequin Rockfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Honeycomb Rockfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Kelp Rockfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Mexican Rockfish PFMC Unknown Unknown Unknown N/ A N/ A 64                                                                                Fishery Management Plan Stock ( Species in Bold are Major Stocks) Jurisdiction Overfishing?

( Is Fishing Mortality above Threshold?) Overfished?

( Is Biomass below Threshold?) Approaching Overfished Condition? Management Action Required Rebuilding Program Progress Pre SFA Post SFA Pre SFA Post SFA WA, OR, CA Groundfish Olive Rockfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Pink Rockfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Quillback Rockfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Redbanded Rockfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish REDSTRIPE ROCKFISH PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Rosethorn Rockfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Rosy Rockfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Rougheye Rockfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish SHARPCHIN ROCKFISH PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Shortraker Rockfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Speckled Rockfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish SPLITNOSE ROCKFISH PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Squarespot Rockfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Starry Rockfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Stripetail Rockfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Tiger Rockfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish VERMILION ROCKFISH PFMC Unknown Unknown Unknown N/ A N/ A 65                                                                                Fishery Management Plan Stock ( Species in Bold are Major Stocks) Jurisdiction Overfishing?

( Is Fishing Mortality above Threshold?) Overfished?

( Is Biomass below Threshold?) Approaching Overfished Condition? Management Action Required Rebuilding Program Progress Pre SFA Post SFA Pre SFA Post SFA WA, OR, CA Groundfish Yellowmouth Rockfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Leopard Shark PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Soupfin Shark PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish SPINY DOGFISH PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish BIG SKATE PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish CALIFORNIA SKATE PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish LONGNOSE SKATE PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Ratfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Finescale Codling PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Pacific Rattail PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Cabezon PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Kelp Greenling PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish California Scorpionfish PFMC Unknown Unknown Unknown N/ A N/ A WA, OR, CA Groundfish Treefish PFMC Unknown Unknown Unknown N/ A N/ A Western Pacific Crustaceans SPINY LOBSTER ( 2 species) WPFMC No No Unknown8 N/ A N/ A Western Pacific Crustaceans Slipper Lobster WPFMC No No Unknown8 N/ A N/ A 66                                                                                Fishery Management Plan Stock ( Species in Bold are Major Stocks) Jurisdiction Overfishing?

( Is Fishing Mortality above Threshold?) Overfished?

( Is Biomass below Threshold?) Approaching Overfished Condition? Management Action Required Rebuilding Program Progress Pre SFA Post SFA Pre SFA Post SFA Western Pacific Crustaceans Kona Crab WPFMC Undefined Undefined Unknown N/ A N/ A Western Pacific Corals24 Pink Corals ( 3 species) WPFMC No No No N/ A N/ A Western Pacific Corals24 Gold Corals ( 4 species) WPFMC No No No N/ A N/ A Western Pacific Corals24 Bamboo Corals ( 2 species) WPFMC No No No N/ A N/ A Western Pacific Corals24 Black Corals ( 3 species) WPFMC No No No N/ A N/ A Bottomfish and Seamount Groundfish of the Western Pacific Pelagic Armorhead WPFMC Undefined Yes N/ A continue rebuilding 16/ 19 year plan**

Bottomfish and Seamount Groundfish of the Western Pacific Seabass ( Main Hawaiian Islands) WPFMC Undefined No No N/ A N/ A Bottomfish and Seamount Groundfish of the Western Pacific Squirrelfish Snapper ( Northwest and Main Hawaiian Islands) WPFMC Undefined No No N/ A N/ A Bottomfish and Seamount Groundfish of the Western Pacific Longtail Snapper ( Northwest and Main Hawaiian Islands) WPFMC Undefined No No N/ A N/ A Bottomfish and Seamount Groundfish of the Western Pacific Silverjaw Jobfish WPFMC Undefined No No N/ A N/ A Bottomfish and Seamount Groundfish of the Western Pacific Gray Jobfish WPFMC Undefined No No N/ A N/ A Bottomfish and Seamount Groundfish of the Western Pacific Bluestripe Snapper WPFMC Undefined No No N/ A N/ A 67                                                                                Fishery Management Plan Stock ( Species in Bold are Major Stocks) Jurisdiction Overfishing?

( Is Fishing Mortality above Threshold?) Overfished?

( Is Biomass below Threshold?) Approaching Overfished Condition? Management Action Required Rebuilding Program Progress Pre SFA Post SFA Pre SFA Post SFA Bottomfish and Seamount Groundfish of the Western Pacific Yellowtail Snapper WPFMC Undefined No No N/ A N/ A Bottomfish and Seamount Groundfish of the Western Pacific PINK SNAPPER WPFMC Undefined No No N/ A N/ A Bottomfish and Seamount Groundfish of the Western Pacific Yelloweye Snapper WPFMC Undefined No No N/ A N/ A Bottomfish and Seamount Groundfish of the Western Pacific Snapper Pristipomoides sieboldii WPFMC Undefined No No N/ A N/ A Bottomfish and Seamount Groundfish of the Western Pacific Snapper Pristipomoides zonatus WPFMC Undefined No No N/ A N/ A Bottomfish and Seamount Groundfish of the Western Pacific Giant Trevally WPFMC Undefined No No N/ A N/ A Bottomfish and Seamount Groundfish of the Western Pacific Black Jack WPFMC Undefined No No N/ A N/ A Bottomfish and Seamount Groundfish of the Western Pacific Thick Lipped Trevally WPFMC Undefined No No N/ A N/ A Bottomfish and Seamount Groundfish of the Western Pacific Amberjack WPFMC Undefined No No N/ A N/ A 68                                                                                Fishery Management Plan Stock ( Species in Bold are Major Stocks) Jurisdiction Overfishing?

( Is Fishing Mortality above Threshold?) Overfished?

( Is Biomass below Threshold?) Approaching Overfished Condition? Management Action Required Rebuilding Program Progress Pre SFA Post SFA Pre SFA Post SFA Bottomfish and Seamount Groundfish of the Western Pacific Blacktip Grouper WPFMC Undefined No No N/ A N/ A Bottomfish and Seamount Groundfish of the Western Pacific Seabass ( Northwest Hawaiian Islands) WPFMC Undefined No No N/ A N/ A Bottomfish and Seamount Groundfish of the Western Pacific Lunartail Grouper WPFMC Undefined No No N/ A N/ A Bottomfish and Seamount Groundfish of the Western Pacific Ambon Emperor WPFMC Undefined No No N/ A N/ A Bottomfish and Seamount Groundfish of the Western Pacific Redgill Emperor WPFMC Undefined No No N/ A N/ A Bottomfish and Seamount Groundfish of the Western Pacific Alfonsin WPFMC Undefined Unknown Unknown N/ A N/ A Bottomfish and Seamount Groundfish of the Western Pacific Ratfish WPFMC Undefined Unknown Unknown N/ A N/ A Western Pacific Pelagics YELLOWFIN TUNA ( CENTRAL WESTERN PACIFIC) WPFMC Undefined No No N/ A N/ A Western Pacific Pelagics ALBACORE ( SOUTH PACIFIC) WPFMC Undefined No No N/ A N/ A Western Pacific Pelagics ALBACORE ( NORTH PACIFIC) WPFMC Undefined No No N/ A N/ A Western Pacific Pelagics YELLOWFIN TUNA ( EASTERN TROPICAL PACIFIC) WPFMC Undefined No No N/ A N/ A Western Pacific Pelagics SKIPJACK TUNA ( CENTRAL WESTERN PACIFIC) WPFMC Undefined No No N/ A N/ A 69                                                                                Fishery Management Plan Stock ( Species in Bold are Major Stocks) Jurisdiction Overfishing?

( Is Fishing Mortality above Threshold?) Overfished?

( Is Biomass below Threshold?) Approaching Overfished Condition? Management Action Required Rebuilding Program Progress Pre SFA Post SFA Pre SFA Post SFA Western Pacific Pelagics SKIPJACK TUNA ( EASTERN TROPICAL PACIFIC) WPFMC Undefined No No N/ A N/ A Western Pacific Pelagics Striped Marlin WPFMC Undefined No No N/ A N/ A Western Pacific Pelagics Black Marlin WPFMC Undefined No Unknown8 N/ A N/ A Western Pacific Pelagics BIGEYE TUNA ( PACIFIC) WPFMC Undefined No Unknown8 N/ A N/ A Western Pacific Pelagics Other tuna relatives Auxis spp. WPFMC Undefined No Unknown8 N/ A N/ A Scomber spp. WPFMC Undefined No Unknown8 N/ A N/ A Allothunnus spp. WPFMC Undefined No Unknown8 N/ A N/ A Western Pacific Pelagics SWORDFISH ( PACIFIC) WPFMC Undefined No Unknown8 N/ A N/ A Western Pacific Pelagics Pomfret WPFMC Undefined Unknown Unknown N/ A N/ A Western Pacific Pelagics Sailfish ( Pacific) WPFMC Undefined Unknown Unknown N/ A N/ A Western Pacific Pelagics Shortbill Spearfish ( Pacific) WPFMC Undefined Unknown Unknown N/ A N/ A Western Pacific Pelagics Wahoo ( Pacific) WPFMC Undefined Unknown Unknown N/ A N/ A Western Pacific Pelagics Mahimahi ( Pacific) WPFMC Undefined Unknown Unknown N/ A N/ A Western Pacific Pelagics Pelagic Sharks ( Pacific) WPFMC Undefined Unknown Unknown N/ A N/ A Western Pacific Pelagics Blue Marlin ( Pacific) WPFMC Undefined Unknown Unknown N/ A N/ A Western Pacific Pelagics Opah WPFMC Undefined Unknown Unknown N/ A N/ A Western Pacific Pelagics Oilfish WPFMC Undefined Unknown Unknown N/ A N/ A 70                                                                                Fishery Management Plan Stock ( Species in Bold are Major Stocks) Jurisdiction Overfishing?

( Is Fishing Mortality above Threshold?) Overfished?

( Is Biomass below Threshold?) Approaching Overfished Condition? Management Action Required Rebuilding Program Progress Pre SFA Post SFA Pre SFA Post SFA Western Pacific Pelagics Escolar WPFMC Undefined Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish WESTERN / CENTRAL WALLEYE POLLOCK NPFMC No No No N/ A N/ A Gulf of Alaska Groundfish PACIFIC COD NPFMC No No No N/ A N/ A Gulf of Alaska Groundfish SABLEFISH NPFMC No No No N/ A N/ A Gulf of Alaska Groundfish SHORTSPINE THORNYHEAD NPFMC No No No N/ A N/ A Gulf of Alaska Groundfish ARROWTOOTH FLOUNDER NPFMC No No No N/ A N/ A Gulf of Alaska Groundfish WESTERN PACIFIC OCEAN PERCH NPFMC No No No N/ A N/ A Gulf of Alaska Groundfish CENTRAL PACIFIC OCEAN PERCH NPFMC No No No N/ A N/ A Gulf of Alaska Groundfish EASTERN PACIFIC OCEAN PERCH NPFMC No No No N/ A N/ A Gulf of Alaska Groundfish Northern Rockfish NPFMC No No No N/ A N/ A Gulf of Alaska Groundfish EASTERN WALLEYE POLLOCK NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish ATKA MACKEREL NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish ALASKA PLAICE NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish BUTTER SOLE NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish Deepsea Sole NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish DOVER SOLE NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish ENGLISH SOLE NPFMC No Unknown Unknown N/ A N/ A 71                                                                                Fishery Management Plan Stock ( Species in Bold are Major Stocks) Jurisdiction Overfishing?

( Is Fishing Mortality above Threshold?) Overfished?

( Is Biomass below Threshold?) Approaching Overfished Condition? Management Action Required Rebuilding Program Progress Pre SFA Post SFA Pre SFA Post SFA Gulf of Alaska Groundfish FLATHEAD SOLE NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish Greenland Turbot NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish REX SOLE NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish NORTHERN ROCK SOLE NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish SOUTHERN ROCK SOLE NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish Sand Sole NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish STARRY FLOUNDER NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish YELLOWFIN SOLE NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish DUSKY ROCKFISH NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish Yelloweye Rockfish NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish Aurora Rockfish NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish Blackgill Rockfish NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish Bocaccio NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish Chilipepper NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish Darkblotched Rockfish NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish Greenstriped Rockfish NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish HARLEQUIN ROCKFISH NPFMC No Unknown Unknown N/ A N/ A 72                                                                                Fishery Management Plan Stock ( Species in Bold are Major Stocks) Jurisdiction Overfishing?

( Is Fishing Mortality above Threshold?) Overfished?

( Is Biomass below Threshold?) Approaching Overfished Condition? Management Action Required Rebuilding Program Progress Pre SFA Post SFA Pre SFA Post SFA Gulf of Alaska Groundfish Pygmy Rockfish NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish Redbanded Rockfish NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish Redstripe Rockfish NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish Rougheye Rockfish NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish SHARPCHIN ROCKFISH NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish Shortbelly Rockfish NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish SHORTRAKER ROCKFISH NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish Silvergrey Rockfish NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish Splitnose Rockfish NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish Stripetail Rockfish NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish Vermilion Rockfish NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish Yellowmouth Rockfish NPFMC No Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish C O Sole NPFMC Unknown25 Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish Curlfin Sole NPFMC Unknown25 Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish Hybrid Sole NPFMC Unknown25 Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish Longhead Dab NPFMC Unknown25 Unknown Unknown N/ A N/ A Gulf of Alaska Groundfish Pacific Sanddab NPFMC Unknown25 Unknown Unknown N/ A N/ A 73                                                                                Fishery Management Plan Stock ( Species in Bold are Major Stocks) Jurisdiction Overfishing?

( Is Fishing Mortality above Threshold?) Overfished?


PAPERWORK REDUCTION ACT SUBMISSION SAN 4535 Please read the instructions before completing this form. For additional forms or assistance in completing this form, contact your agency's Paperwork Clearance Officer. Send two copies of this form, the collection instrument to be reviewed, the Supporting Statement and any additional documentation to: Office of Information and Regulatory Affairs, Office of Management and Budget, Docket Library, Room 10102, 725 17th Street NW Washington, DC 20503.

1. Agency/ Subagency originating request U. S. Environmental Protection Agency 2. OMB control number b. None a_ 2060__  _ 0564__ __

3. Type of information collection ( check one) a. G New collection b. G Revision of a currently approved collection c. X Extension of a currently approved collection d. G Reinstatement, without change, of a previously approved collection for which approval has expired e. G Reinstatement, with change, of a previously approved collection for which approval has expired f. G Existing collection in use without an OMB control number 4. Type of review requested ( check one) a. X Regular b. G Emergency  Approval requested by: / / c. G Delegated 5. Small entities Will this information collection have a significant economic impact on a substantial number of small entities? G Yes X No For b f, note item A2 of Supporting Statement Instructions 6. Requested expiration date a. X Three years from approval date b. G Other Specify: / /___

7. Title: Recordkeeping and Periodic Reporting of the Production, Import, Recycling, Transshipment and Feedstock Use of Ozone Depleting Substances ( Critical Use Exemption) ( Renewal)

8. Agency form number( s) ( If applicable) 2179.02 9. Keywords Treaties, agriculture, pesticides and pests, methyl bromide, critical use exemption 10. Abstract EPA is seeking permission to require submission of data on a quarterly and annual basis from regulated industries and to require recordkeeping activities based on final action taken by the Agency to create an exemption to the phaseout of methyl bromide for critical uses. EPA is seeking this information in order to ensure compliance with the Montreal Protocol on Substances that Deplete the Ozone Layer, the treaty which protects the ozone layer. The respondents are producers, importers, distributors, and applicators of methyl bromide as well as end users of methyl bromide who are primarily farmers of minor vegetable crops and companies that store agricultural commodities.

11. Affected public ( Mark primary with " P" and all others that apply with " X") a. Individuals or households d. X Farms b. P Business or other for profit e. Federal Government c. Not for profit institutions f. State, Local or Tribal Government 12. Obligation to respond ( Mark primary with " P" and all others that apply with " X") a. G Voluntary b. X Required to obtain or retain benefits c. P Mandatory 13. Annual reporting and recordkeeping hour burden a. Number of respondents 2,054 b. Total annual responses 2,802 1. Percentage of these responses collected electronically 0 % c. Total hours requested 1,371 d. Current OMB inventory 794 e. Difference 577 f. Explanation of difference 1. Program Change 577 2. Adjustment 0 14. Annual reporting and recordkeeping cost burden ( in thousands of dollars)

a. Total annualized capital/ startup costs 0 b. Total annual costs ( O& M) 0 c. Total annualized cost requested 0 d. Current OMB inventory 0 e. Difference 0 f. Explanation of difference 1. Program change 0 2. Adjustment 0 15. Purpose of information collection ( Mark Primary With " P" and all others that apply with " X") a. P Application for benefits e. __ Program planning or management b. __ Program evaluation f. __ Research c. __ General purpose statistics g. X Regulatory or compliance d. __ Audit 16. Frequency of recordkeeping or reporting ( check all that apply) a. X Recordkeeping b. Q Third party disclosure c. X Reporting 1. X On occasion 2. Q Weekly 3. Q Monthly 4. X Quarterly 5. Q Semi annually 6. X Annually 7. Q Biannually 8. Q Other ( describe)

17. Statistical methods Does this information collection employ statistical methods?

Q Yes X No 18. Agency contact ( person who can best answer questions regarding the content of this submission) Name: Hodayah Finman Phone: 202 343 9246 OMB 83 I 10/ 95 19. Certification for Paperwork Reduction Act Submissions On behalf of this Federal agency, 1 certify that the collection of information encompassed by this request complies with' 5 CFR 1320.9.

NOTE: The text of 5 CFR 1320.9, and the related provisions of 5 CFR 1320.8( b)( 3), appear at the end of the instructions. The certification is to be made with reference to those regulatory provisions as set forth in the instructions.

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

( a) It is necessary for the proper performance of agency functions;

( b) It avoids unnecessary duplication;

( c) It reduces burden on small entities;

( d) It uses plain, coherent, and unambiguous terminology that is understandable to respondents;

( e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

( f) It indicates the retention periods for recordkeeping requirements;

( g) It informs respondents of the information called for under 5 CFR 1320.8( b)( 3): ( I) Why the information is being collected' ( ii) Use of information; ( iii) Burden estimate; ( iv) Nature of response ( voluntary, required for a benefit, or mandatory); ( v) Nature and extent of confidentiality; and ( vi) Need to display currently valid OMB control number;

( h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected ( see note in Item 19 of the instructions);

( I) It uses effective and efficient statistical survey methodology; and ( j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item below and explain the reason in Item 18 of the Supporting Statement.

Signature of Program Official Date Signature of Senior Official or designee Doreen Sterling, Acting Director Collection Strategies Division Office of Environmental Information Date OMB 83 I 10/ 95


[Federal Register Volume 83, Number 173 (Thursday, September 6, 2018)]
[Notices]
[Page 45234]
[FR Doc No: 2018-19267]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. ER18-2327-000]

Supplemental Notice That Initial Market-Based Rate Filing
Includes Request for Blanket Section 204 Authorization: Riverhead Solar
Farm, LLC

    This is a supplemental notice in the above-referenced proceeding
Riverhead Solar Farm, LLC's application for market-based rate
authority, with an accompanying rate tariff, noting that such
application includes a request for blanket authorization, under 18 CFR
part 34, of future issuances of securities and assumptions of
liability.
    Any person desiring to intervene or to protest should file with the
Federal Energy Regulatory Commission, 888 First Street NE, Washington,
DC 20426, in accordance with Rules 211 and 214 of the Commission's
Rules of Practice and Procedure (18 CFR 385.211 and 385.214). Anyone
filing a motion to intervene or protest must serve a copy of that
document on the Applicant.
    Notice is hereby given that the deadline for filing protests with
regard to the applicant's request for blanket authorization, under 18
CFR part 34, of future issuances of securities and assumptions of
liability, is September 19, 2018.
    The Commission encourages electronic submission of protests and
interventions in lieu of paper, using the FERC Online links at http://www.ferc.gov. To facilitate electronic service, persons with internet
access who will eFile a document and/or be listed as a contact for an
intervenor must create and validate an eRegistration account using the
eRegistration link. Select the eFiling link to log on and submit the
intervention or protests.
    Persons unable to file electronically should submit an original and
5 copies of the intervention or protest to the Federal Energy
Regulatory Commission, 888 First Street NE, Washington, DC 20426.
    The filings in the above-referenced proceeding are accessible in
the Commission's eLibrary system by clicking on the appropriate link in
the above list. They are also available for electronic review in the
Commission's Public Reference Room in Washington, DC. There is an
eSubscription link on the website that enables subscribers to receive
email notification when a document is added to a subscribed docket(s).
For assistance with any FERC Online service, please email
[email protected]. or call<PHONE_NUMBER> (toll free). For
TTY, call<PHONE_NUMBER>.

    Dated: August 30, 2018.
Nathaniel J. Davis, Sr.,
Deputy Secretary.
[FR Doc. 2018-19267 Filed 9-5-18; 8:45 am]
 BILLING CODE 6717-01-P


[Federal Register: May 30, 2008 (Volume 73, Number 105)]
[Notices]
[Page 31127-31128]
[DOCID:fr30my08-58]

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DEPARTMENT OF HEALTH AND HUMAN SERVICES

Food and Drug Administration

[Docket No. FDA-2008-D-0285]

Draft Guidance for Industry and Food and Drug Administration
Staff; Class II Special Controls Guidance Document for Certain
Percutaneous Transluminal Coronary Angioplasty Catheters; Availability

AGENCY: Food and Drug Administration, HHS.

ACTION: Notice.

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SUMMARY: The Food and Drug Administration (FDA) is announcing the
availability of the draft guidance for industry and FDA staff entitled
``Class II Special Controls Guidance Document for Certain Percutaneous
Transluminal Coronary Angioplasty (PTCA) Catheters.'' The draft
guidance was developed as the special controls to support the
reclassification of PTCA catheters, other than cutting/scoring PTCA
catheters, from class III (premarket approval) into class II (special
controls). This draft guidance describes a means by which PTCA
catheters, other than cutting/scoring PTCA catheters, may comply with
the requirement of special controls for class II devices. Elsewhere in
this issue of the Federal Register, FDA is issuing for public comment
the recommendation of the Circulatory System Devices Panel (the Panel)
to reclassify PTCA catheters, other than cutting/scoring PTCA
catheters, from class III to class II. This draft guidance is not final
nor is it in effect at this time.

DATES: Although you can comment on any guidance at any time (see 21 CFR
10.115(g)(5)), to ensure that the agency considers your comment on this
draft guidance before it begins work on the final version of the
guidance, submit written or electronic comments on the draft guidance
by August 28, 2008.

ADDRESSES: Submit written requests for single copies of the draft
guidance document entitled ``Class II Special Controls Guidance
Document for Certain Percutaneous Transluminal Coronary Angioplasty
(PTCA) Catheters'' to the Division of Small Manufacturers,
International, and Consumer Assistance (HFZ-220), Center for Devices
and Radiological Health, Food and Drug Administration, 1350 Piccard
Dr., Rockville, MD 20850. Send one self-addressed adhesive label to
assist that office in processing your request, or fax your request to
240-276-3151. See the SUPPLEMENTARY INFORMATION section for information
on electronic access to the guidance.
    Submit written comments concerning this draft guidance to the
Division of Dockets Management (HFA-305), Food and Drug Administration,
5630 Fishers Lane, rm. 1061, Rockville, MD 20852. Submit electronic
comments to http://www.regulations.gov. Identify comments with the
docket number found in brackets in the heading of this document.

FOR FURTHER INFORMATION CONTACT: Kathryn O'Callaghan or Suzanne Kaiser,
Center for Devices and Radiological Health (HFZ-450), Food and Drug
Administration, 9200 Corporate Blvd., Rockville, MD 20850,<PHONE_NUMBER>

SUPPLEMENTARY INFORMATION:

I. Background

    The draft guidance document was developed as a special control
guidance to support the reclassification of PTCA catheters, other than
cutting/scoring PTCA catheters, into class II (special controls). The
device is intended for balloon dilatation of a hemodynamically
significant coronary artery or bypass graft stenosis in patients
evidencing coronary ischemia for the purpose of improving myocardial
perfusion; treatment of acute myocardial infarction, treatment of in-
stent restenosis, and/or post-deployment stent expansion.
    On September 21, 2000, FDA filed a petition submitted under section
513(f)(3) of the Federal Food, Drug, and Cosmetic Act (the act) (21
U.S.C. 360c(f)(3)) from Cook Group Inc. (COOK) requesting
reclassification of PTCA catheters from class III into class II. (This
reclassification petition did not include cutting or scoring PTCA
catheters.) In accordance with section 513(f)(1) of the act, the PTCA
catheter was automatically classified into class III because the PTCA
catheter was not within a type of device which was introduced or
delivered for introduction into interstate commerce for commercial
distribution before May 28, 1976, and had not been found substantially
equivalent to a device placed in commercial distribution after May 28,
1976, which was subsequently reclassified into class II or class I.
    At a public meeting on December 4, 2000, the Panel recommended
(seven to one) that PTCA catheters, other than cutting/scoring PTCA
catheters, be reclassified from class III to class II, when indicated
for balloon dilatation of a hemodynamically significant coronary artery
or bypass graft stenosis in patients evidencing coronary ischemia for
the purpose of improving myocardial

perfusion; or for treatment of acute myocardial infarction. The Panel
believed that class II with special controls, such as this draft
guidance document, would reasonably ensure the safety and effectiveness
of the device.
    The Panel recommended that PTCA catheters for the treatment of in-
stent restenosis and/or post-deployment stent expansion not be included
because of a lack of sufficient information about this use. Since the
Panel meeting, however, additional data regarding this use have become
available and have been reviewed by the agency. Following the public
meeting, FDA reviewed adverse event reports submitted to FDA's
Manufacturer and User Facility Device Experience Database (MAUDE). The
agency believes that the types of risks associated with the use of PTCA
catheters for the treatment of in-stent restenosis and/or post-
deployment stent expansion are similar enough to the risks associated
with treatment of de novo lesions, such that the special controls
discussed at the Panel meeting, with the addition of recommendations
for specific nonclinical performance testing and the recommendation
that in-stent restenosis patients be included in the clinical
evaluation, when necessary, are adequate to control the risks to health
for these devices.

II. Significance of Guidance

    This draft guidance is being issued consistent with FDA's good
guidance practices regulation (21 CFR 10.115). The draft guidance, when
finalized, will represent the agency's current thinking on this topic.
It does not create or confer any rights for or on any person and does
not operate to bind FDA or the public. An alternative approach may be
used if such approach satisfies the requirements of the applicable
statute and regulations.

III. Electronic Access

    Persons interested in obtaining a copy of the draft guidance may do
so by using the Internet. To receive ``Class II Special Controls
Guidance Document for Certain Percutaneous Transluminal Coronary
Angioplasty (PTCA) Catheters'' you may either send an e-mail request to
<EMAIL_ADDRESS>to receive an electronic copy of the document or
send a fax request to<PHONE_NUMBER> to receive a hard copy. Please use
the document number 1608 to identify the guidance you are requesting.
    CDRH maintains an entry on the Internet for easy access to
information including text, graphics, and files that may be downloaded
to a personal computer with Internet access. Updated on a regular
basis, the CDRH home page includes device safety alerts, Federal
Register reprints, information on premarket submissions (including
lists of approved applications and manufacturers' addresses), small
manufacturer's assistance, information on video conferencing and
electronic submissions, Mammography Matters, and other device-oriented
information. The CDRH Web site may be accessed at http://www.fda.gov/
cdrh. A search capability for all CDRH guidance documents is available
at http://www.fda.gov/cdrh/guidance.html. Guidance documents are also
available at http://www.regulations.gov.

IV. Paperwork Reduction Act of 1995

    This draft guidance refers to previously approved collections of
information found in FDA regulations. These collections of information
are subject to review by the Office of Management and Budget (OMB)
under the Paperwork Reduction Act of 1995 (44 U.S.C. 3501-3520). The
collections of information in 21 CFR part 807, subpart E, have been
approved under OMB control number 0910-0120; and the collections of
information in 21 CFR part 801 have been approved under OMB control
number 0910-0485.

V. Comments

    Interested persons may submit to the Division of Dockets Management
(see ADDRESSES), written or electronic comments regarding this
document. Submit a single copy of electronic comments or two paper
copies of any mailed comments, except that individuals may submit one
paper copy. Comments are to be identified with the docket number found
in brackets in the heading of this document. Received comments may be
seen in the Division of Dockets Management between 9 a.m. and 4 p.m.,
Monday through Friday.
    Please note that on January 15, 2008, the FDA Division of Dockets
Management Web site transitioned to the Federal Dockets Management
System (FDMS). FDMS is a Government-wide, electronic docket management
system. Electronic comments or submissions will be accepted by FDA only
through FDMS at http://www.regulations.gov.

    Dated: May 21, 2008.
Daniel G. Schultz,
Director, Center for Devices and Radiological Health.
[FR Doc. E8-12116 Filed 5-29-08; 8:45 am]

BILLING CODE 4160-01-S


[Federal Register Volume 86, Number 28 (Friday, February 12, 2021)]
[Notices]
[Pages 9410-9413]
[FR Doc No: 2021-02859]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-91079; File No. SR-OCC-2020-016]

Self-Regulatory Organizations; The Options Clearing Corporation;
Order Approving Proposed Rule Change to Concerning the Options Clearing
Corporation's System for Theoretical Analysis and Numerical Simulation
(``STANS'') Methodology Documentation

February 8, 2021.

I. Introduction

    On December 9, 2020, the Options Clearing Corporation (``OCC'')
filed with the Securities and Exchange Commission (``Commission'') the
proposed rule change SR-OCC-2020-016 (``Proposed Rule Change'')
pursuant to Section 19(b) of the Securities Exchange Act of 1934
(``Exchange Act'') \1\ and Rule 19b-4 \2\ thereunder to adopt a new
document describing OCC's system for calculating daily and intra-day
margin requirements for its Clearing Members.\3\ The Proposed Rule
Change was published for public comment in the Federal Register on
December 29, 2020.\4\ The Commission has received no comments regarding
the Proposed Rule Change. This order approves the Proposed Rule Change.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Notice of Filing infra note 4, 85 FR at 85788.
    \4\ Securities Exchange Act Release No. 34-90763 (Dec. 21,
2020), 85 FR 85788 (Dec. 29, 2020) (File No. SR-OCC-2020-016)
(``Notice of Filing'').
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II. Background

    To manage the credit risk posed by its Clearing Members, OCC
collects margin collateral both daily and intraday. OCC uses its System
for Theoretical Analysis and Numerical Simulation (``STANS'') to set
risk-based margin requirements for its Clearing Members. The margin
requirements calculated using STANS consist of an estimate of a 99
percent expected shortfall (``ES'') over a two-day time horizon with
additional charges for model risk, stress tests, liquidation costs, and
various add-ons.
    OCC maintains technical documentation that describes how the
various quantitative components of STANS were developed and operate,
including the various parameters and assumptions contained within those
components \5\ and the mathematical theories underlying the selection
of those quantitative methods (``Model Whitepapers''). The Model
Whitepapers are currently synthesized in a single document, the Margins
Methodology, describing how STANS operates from end to end. Pursuant to
section 19(b) of the Exchange Act and Rule 19b-4 thereunder,\6\ OCC has
filed, and the Commission has approved, sections of OCC's Margins
Methodology as rules in the past.\7\ OCC has not, however, filed the
Margins Methodology in its entirety. Additionally, OCC has requested
confidential treatment for those sections of the Margins Methodology
that it has filed with the Commission.\8\
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    \5\ See Securities Exchange Act Release No. 82473 (Jan. 9,
2018), 83 FR 2271 (Jan. 16, 2018) (File No. SR-OCC-2017-011), which
describes how OCC periodically reviews the parameters and
assumptions used by STANS pursuant to its Model Risk Management
Policy and in accordance with 17 CFR 240.17Ad-22(e)(6).
    \6\ 15 U.S.C. 78s(b)(1) and 17 CFR 240.19b-4.
    \7\ See Securities Exchange Act Release No. 74966 (May 14,
2015), 80 FR 29784 (May 22, 2015) (File No. SR-OCC-2015-010);
Securities Exchange Act Release No. 76128 (Dec. 28, 2015), 81 FR 135
(Jan. 4, 2016) (File No. SR-OCC-2015-016); Securities Exchange Act
Release No. 79818 (Jan. 18, 2017), 82 FR 8455 (Jan. 25, 2017) (File
No. SR-OCC-2017-001); Securities Exchange Act Release No. 82161
(Nov. 28, 2017), 82 FR 57306 (Dec. 4, 2017) (File No. SR-OCC-2017-
022); Securities Exchange Act Release No. 84524 (Nov. 2, 2018), 83
FR 55918 (Nov. 8, 2018) (File No. SR-OCC-2018-014); Securities
Exchange Act Release No. 85440 (Mar. 28, 2019), 84 FR 13082 (Apr. 3,
2019) (File No. SR-OCC-2019-002); Securities Exchange Act Release
No. 85755 (Apr. 30, 2019), 87 FR 19815 (May 6, 2019) (File No. SR-
OCC-2019-004); Securities Exchange Act Release No. 86296 (Jul. 3,
2019), 84 FR 32816 (Jul. 9, 2019) (File No. SR-OCC-2019-005);
Securities Exchange Act Release No. 87387 (Oct. 23, 2019), 84 FR
57890 (Oct. 29, 2019) (File No. SR-OCC-2019-010); Securities
Exchange Act Release No. 89392 (Jul. 24, 2020), 85 FR 45938 (Jul.
30,2020) (File No. SR-OCC-2020-007); Securities Exchange Act Release
No. 90139 (Oct. 8, 2020), 85 FR 65886 (Oct. 16, 2020) (File No. SR-
OCC-2020-012).
    \8\ See id.
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    OCC now proposes to replace the Margins Methodology in its entirety
(both sections that have and have not been filed as rules) with a
description of OCC's system for calculating daily and intra-day margin
requirements for its Clearing Members (the ``STANS Methodology
Description'').\9\ OCC stated that the proposed STANS Methodology
Description includes the material aspects of OCC's risk-based margin
system.\10\ OCC intends to make the proposed STANS Methodology

Description available to Clearing Members.\11\
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    \9\ OCC also proposes conforming changes to its Margin Policy.
    \10\ See Notice of Filing, 85 FR at 85789.
    \11\ See Notice of Filing, 85 FR at 85790.
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    The proposed STANS Methodology Description would include
substantially the same information as the Margins Methodology with the
exception of various details, described below, that OCC does not
believe would be appropriately included in the STANS Methodology
Description.\12\ OCC stated that the purpose of the STANS Methodology
Description would be to enable an informed reader to understand OCC's
modeling choices and the interconnectedness of STANS model components
in producing OCC margin requirements, and that the portions of the
Margins Methodology not carried forward in the STANS Methodology
Description are extraneous to this purpose.\13\
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    \12\ OCC does not propose to change its margin methodology as
part of the Proposed Rule Change.
    \13\ See Notice of Filing, 85 FR at 85790.
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Proposed STANS Methodology Description

    As noted above, the proposed STANS Methodology Description covers
OCC's system for calculating daily and intra-day margin requirements
for its Clearing Members. The proposed document includes three sections
with various subsections as described below and in greater detail in
the Notice of Filing. The STANS Methodology Description begins with an
executive summary. The executive summary would state that the purpose
of STANS is to determine margin requirements for OCC's Clearing
Members, and would describe the types of positions and collateral
modeled through STANS. The executive summary would also briefly
describe OCC's procedures related to both model monitoring and price
editing.
    Model components. The bulk of the STANS Methodology Description
covers the model components in STANS, including model and econometric
calibration, copula construction, implied volatility smoothing and
options pricing, and the application of the theoretical derivatives
prices to actual positions in Clearing Members' accounts to calculate
margin requirements through the aggregation of various component
charges. The sub-sections related to model and econometric calibration
cover the use of (i) returns on equity securities that are based on
current market prices to create econometric parameters and for pricing;
(ii) implied volatility risk factors to measure the expected future
volatility of an option's underlying security at expiration; (iii)
Nelson-Siegel framework to price treasury securities; (iv) a generic
futures model to price linear derivatives with limited term structures;
(v) a specialized factor model to price variance futures; (vi) a
synthetic futures model to price specified products such as volatility
index-based futures (e.g., VIX futures); and (vii) econometric
parameters related to volatility forecasts and marginal distributions,
and calibrates these parameters using ten-year histories of the
foregoing data inputs.
    The sub-sections related to copula construction describes the use
of a copula to quantify the joint behavior and dependence structure of
the risk factors used by STANS.\14\ The STANS Methodology Description
covers OCC's process for estimating the copula as well as simulating
price movements based on random draws from the multivariate Student's
t-distribution described by the copula. The document also describes
OCC's process for identifying and separately processing risk factors
with incomplete data sets that lack sufficient data to estimate the
copula. Specifically, the STANS Methodology Description addresses the
application of conditional and default simulations to estimate
correlations for risk factors excluded from the copula simulation in
STANS due to a lack of data.
---------------------------------------------------------------------------

    \14\ A copula is a mathematical construct used in probability
theory to calculate the cumulative distribution of a set of random
variables.
---------------------------------------------------------------------------

    The sub-sections related to implied volatility smoothing and
options pricing describe how OCC uses the inputs and outputs described
in the subsections on model and econometric calibration and copula
construction. Specifically, the STANS Methodology Description discusses
OCC's processing for performing implied volatility smoothing as well as
pricing European-style options, American-style options, Asian FLEX
options,\15\ and Cliquet options.\16\ The document also discusses how
STANS can also be used to price forward start options.\17\
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    \15\ Asian options are European-style options for which the
settlement price is determined based on the difference between the
aggregate exercise price and the aggregate current underlying
interest value, which is based on the average of twelve monthly
price observations. See Securities Exchange Release No. 74966 (May
14, 2015), 80 FR 29784 (May 22, 2015) (File No. SR-OCC-2015-010).
    \16\ Cliquet options are European-style options for which the
settlement price is determined based on the (positive) sum of capped
returns of an index on pre-determined dates over a specified period
of time. See id., n. 9.
    \17\ Forward start options are options for which the strike
price in dollars is unknown prior to the determination date of the
strike shortly before expiration. See Notice of Filing, 85 FR at
85796.
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    The sub-sections related to the aggregation of various component
charges discuss a based margin charge, error compensation charge,
liquidation cost charge, and positive risk reversal charge. The base
margin charge consists of an ES calculation with the addition of
Extreme Value Theory loss modeling and a stress test component. The
error compensation charge is designed to compensate for the estimation
error inherent in ES calculations. The liquidation cost charge is
designed to cover the costs of selling long positions at the current
bid price and covering short positions at the current ask price
following the default of a Clearing Member. The positive risk reversal
charge ensures that total calculated margin requirement is at least
equal to the estimated liquidation cost, even in the event a position
is liquidated at the current market price.
    Model utilities. The final substantive section of the STANS
Methodology Description addresses several model utilities that OCC
applies at various points in the STANS methodology, to incorporate
various market and operational factors that affect options pricing and
thereby produce model results which more accurately reflect current and
potential market conditions. Such utilities include the incorporation
of expected cash dividends on a stock into options pricing in STANS.
The STANS Methodology Description also addresses OCC's processes for
obtaining relevant risk factors for both the most recent opening price
and the most recent closing price to include a joint distribution of
both overnight and daily returns on relevant risk factors within the
copula described above. Further, the STANS Methodology Description
discusses OCC's process for addressing option expirations occurring
during the period in which OCC closes out a defaulted Clearing Member's
portfolio. Finally, the document describes the portfolio specific
haircut model that OCC uses to haircut values for withdrawals or
deposits of collateral made throughout the day.

Additional Details

    As noted above, STANS Methodology Description would not include
details from the Margins Methodology that OCC believes are extraneous
to the purpose of enabling an informed reader to understand OCC's
modeling choices and the interconnectedness of STANS model components
in producing OCC margin requirements. As described below, and in
greater detail in the Notice of Filing, the details in the Margins
Methodology that would not be included in the

STANS Methodology Description fall thematically into eight
categories.\18\
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    \18\ See Notice of Filing, 85 FR at 85790.
---------------------------------------------------------------------------

    First, the STANS Methodology Description would not describe
historical modeling practices and potential future enhancements that do
not describe how a model currently functions. For example, the STANS
Methodology Description would not include background on OCC's decision
to incorporate implied volatility modeling into STANS. Similarly, the
STANS Methodology Description would not summarize historical changes
OCC has made to the manner in which STANS calculates a total margin
charge.
    Second, the STANS Methodology Description would not describe the
set of current products to which each STANS component applies. For
example, the STANS Methodology Description would list products eligible
for implied volatility scenarios modeling in STANS.
    Third, the STANS Methodology Description would not describe OCC's
model configuration choices. Such configuration choices include a list
of control parameters of the Newton-Raphson method OCC uses to
calculate implied volatilities for vanilla options. Similarly, the
STANS Methodology Description would not describe the parameters that
OCC uses to calibrate liquidation grids when calculating its
liquidation cost charge.
    Fourth, the STANS Methodology Description would not describe model
testing results and supporting rationale. Such testing results would
include model testing and validation results for OCC's implied
volatility model. Similarly, the STANS Methodology Description would
not describe the mathematical rationale for the cumulative distribution
function, inverse cumulative distribution function, and degrees of
freedom for the Student's t-distribution used by the GARCH model for
implied volatility risk factors.
    Fifth, the STANS Methodology Description would not describe
standard mathematical and economic theories and techniques that are
well-known in quantitative finance, readily found in public sources,
and do not include OCC-specific modifications or applications. For
example, the STANS Methodology Description would not describe the
standard Glosten-Jagannathan-Runkle GARCH model and the use of a
Student's t-distribution. Similarly, the STANS Methodology Description
would not describe the Vega-weighted least squares calculation
performed during the first round of optimization to produce arbitrage-
free options prices for European options.
    Sixth, the STANS Methodology Description would not include
redundant descriptions of a model component appearing in multiple
chapters. For example, the Executive Summary of the STANS Methodology
Description would not include details of the STANS methodology also
found in the main body of the document. Similarly, the section of the
proposed STANS Methodology Description discussing conditional and
default simulations would not include introductory text restating the
use of time series in STANS, which is described elsewhere in the
document.
    Seventh, the STANS Methodology Description would not describe OCC's
implementation of a model in its internal technology systems. Such
details include detailed steps for a linear interpolation/extrapolation
used to construct a volatility surface from smoothed volatilities.
Similarly, the STANS Methodology Description would not include
discussion of the processes OCC uses to operationalize the STANS
methodology in its systems.
    Finally, the STANS Methodology Description would not describe
manual margin adjustments and add-ons that OCC employs pursuant to OCC
rules, policies, or procedures outside of STANS. Such adjustments
include additional margin charges related to cross-margin accounts
established under OCC's Rule 704. Similarly, the STANS Methodology
Description would not describe ``derived scenarios,'' which are a
special case of conditional simulations related to exchange rate risk
factors addressed elsewhere in OCC's procedures.

Changes to Margin Policy

    OCC also proposes conforming changes to its Margin Policy to
reflect the adoption of the STANS Methodology Description and the
retirement of the Margins Methodology. Additionally, OCC proposes to
make other non-substantive changes to the Margin Policy to correct
typographical errors, update references to other related internal OCC
policies and procedures, and conform the policy to OCC's current
internal policy template.

III. Discussion and Commission's Findings

    Section 19(b)(2)(C) of the Exchange 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 Exchange Act and the rules and regulations
thereunder applicable to such organization.\19\ After carefully
considering the Proposed Rule Change, the Commission finds that the
proposal is consistent with the requirements of the Exchange Act and
the rules and regulations thereunder applicable to OCC. More
specifically, the Commission finds that the proposal is consistent with
Section 17A(b)(3)(F) of the Exchange Act,\20\ Rule 17Ad-22(e)(6) \21\
thereunder, as described in detail below.
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    \19\ 15 U.S.C. 78s(b)(2)(C).
    \20\ 15 U.S.C. 78q-1(b)(3)(F).
    \21\ 17 CFR 240.17Ad-22(e)(6).
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A. Consistency With Section 17A(b)(3)(F) of the Exchange Act

    Section 17A(b)(3)(F) of the Exchange Act requires, among other
things, that the rules of a clearing agency be designed to assure the
safeguarding of securities and funds which are in its custody or
control or for which it is responsible.\22\ OCC uses STANS to set risk-
based margin requirements for its Clearing Members. OCC proposes to
describe its modeling choices and the interconnectedness of STANS model
components in producing such margin requirements within its rules by
adopting the STANS Methodology Description. The aspects of STANS
described in the STANS Methodology Description directly relate to OCC's
ability to accurately risk manage Clearing Member portfolios by
calculating and collecting an appropriate amount of collateral. The
Commission notes that only some of the aspects of STANS addressed in
the STANS Methodology Description are currently addressed in the
portions of the Margins Methodology that OCC has filed with the
Commission.
---------------------------------------------------------------------------

    \22\ 15 U.S.C. 78q-1(b)(3)(F).
---------------------------------------------------------------------------

    The Commission believes that, even with the removal of the
additional details from the Margins Methodology described above, the
proposed STANS Methodology Description is designed to help ensure that
OCC's margin methodology calculates and collects margin sufficient to
mitigate OCC's credit exposure to a Clearing Member default. The
Commission also believes that accurate calculation of margin is
necessary to help ensure that OCC is able to risk manage the default of
a Clearing Member without recourse to the assets of non-defaulting
Clearing Members, which supports the safeguarding of securities and
funds in OCC's custody. Accordingly, the Commission believes that the
replacement of the Margins Methodology with the STANS Margin

Description is consistent with the requirements of Section 17A(b)(3)(F)
of the Exchange Act.\23\
---------------------------------------------------------------------------

    \23\ 15 U.S.C. 78q-1(b)(3)(F).
---------------------------------------------------------------------------

B. Consistency With Rule 17Ad-22(e)(6) Under the Exchange Act

    Rules 17Ad-22(e)(6) generally requires each covered clearing agency
that provides central counterparty services to establish, implement,
maintain, and enforce written policies and procedures reasonably
designed to cover its credit exposure to its participants by
establishing a risk-based margin system that meets certain
standards.\24\ As described above, the STANS Methodology Description
addresses OCC's modeling choices and the interconnectedness of STANS
model components in producing risk-based margin requirements.
---------------------------------------------------------------------------

    \24\ 17 CFR 240.17Ad-22(e)(6).
---------------------------------------------------------------------------

    Section (i) under Rule 17Ad-22(e)(6) requires that the policies and
procedures required pursuant to Rule 17Ad-22(e)(6) describe a risk-
based margin system that considers and produces margin levels
commensurate with the risks and particular attributes of each relevant
product, portfolio, and market.\25\ As described above, the STANS
Methodology Description covers various components of STANS designed to
address the particular attributes of the products that OCC clears
(e.g., American-style options, European-style options, Asian FLEX
options, Cliquet options) as well as the risks presented by a specific
portfolio (e.g., liquidation cost charges). Further, the STANS
Methodology Description also describes OCC's process addressing the
entrance of new products into the markets for which it clears
(identifying and separately processing risk factors with incomplete
data sets that lack sufficient data to estimate the copula).
---------------------------------------------------------------------------

    \25\ 17 CFR 240.17Ad-22(e)(6)(i).
---------------------------------------------------------------------------

    Section (iii) under Rule 17Ad-22(e)(6) requires that the policies
and procedures required pursuant to Rule 17Ad-22(e)(6) describe a risk-
based margin system that calculates margin sufficient to cover its
potential future exposure to participants in the interval between the
last margin collection and the close out of positions following a
participant default.\26\ As described above, the STANS Methodology
Description discusses various model utilities that pertain to events
occurring between the collection of margin and closing out of a
defaulted Clearing Member's portfolio (e.g., cash dividend payments,
option expiration, and changes to portfolio specific haircuts due to
the withdrawal or deposit of collateral).
---------------------------------------------------------------------------

    \26\ 17 CFR 240.17Ad-22(e)(6)(iii).
---------------------------------------------------------------------------

    Section (v) under Rule 17Ad-22(e)(6) requires that the policies and
procedures required pursuant to Rule 17Ad-22(e)(6) describe a risk-
based margin system that uses an appropriate method for measuring
credit exposure to accounts for relevant product risk factors and
portfolio effects across products.\27\ As discussed above, the STANS
Methodology Description covers the various STANS components that
provide the inputs and outputs necessary for OCC to conduct implied
volatility smoothing and options pricing (e.g., model components
addressing derivatives based on equities and treasuries as well as
generic futures, variance futures, and volatility index-based futures)
as well as the implied volatility smoothing and options pricing
themselves.
---------------------------------------------------------------------------

    \27\ 17 CFR 240.17Ad-22(e)(6)(v).
---------------------------------------------------------------------------

    Based on the foregoing, the Commission believes that the
replacement of the Margins Methodology with the STANS Margin
Description is consistent with the requirements of Rule 17Ad-22(e)(6)
under the Exchange Act.\28\
---------------------------------------------------------------------------

    \28\ 17 CFR 240.17Ad-22(e)(6).
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IV. Conclusion

    On the basis of the foregoing, the Commission finds that the
Proposed Rule Change is consistent with the requirements of the
Exchange Act, and in particular, the requirements of Section 17A of the
Exchange Act \29\ and the rules and regulations thereunder.
---------------------------------------------------------------------------

    \29\ In approving this Proposed Rule Change, the Commission has
considered the proposed rules' impact on efficiency, competition,
and capital formation. See 15 U.S.C. 78c(f).
---------------------------------------------------------------------------

    It is therefore ordered, pursuant to Section 19(b)(2) of the
Exchange Act,\30\ that the Proposed Rule Change (SR-OCC-2020-016) be,
and hereby is, approved.
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    \30\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\31\
---------------------------------------------------------------------------

    \31\ 17 CFR 200.30-3(a)(12).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-02859 Filed 2-11-21; 8:45 am]
 BILLING CODE 8011-01-P