[Federal Register Volume 79, Number 113 (Thursday, June 12, 2014)]
[Notices]
[Pages 33760-33761]
[FR Doc No: 2014-13650]

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DEPARTMENT OF HEALTH AND HUMAN SERVICES

Food and Drug Administration

[Docket No. FDA-2014-N-0001]

Gastroenterology and Urology Devices Panel of the Medical Devices
Advisory Committee; Notice of Meeting

AGENCY: Food and Drug Administration, HHS.

ACTION: Notice.

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    This notice announces a forthcoming meeting of a public advisory
committee of the Food and Drug Administration (FDA). The meeting will
be open to the public.
    Name of Committee: Gastroenterology and Urology Devices Panel of
the Medical Devices Advisory Committee.
    General Function of the Committee: To provide advice and
recommendations to the Agency on FDA's regulatory issues.
    Date and Time: The meeting will be held on July 30 and 31, 2014,
from 8 a.m. to 6 p.m.
    Location: Hilton Washington DC North/Gaithersburg, Salons A, B, C,
and D, 620 Perry Pkwy., Gaithersburg, MD 20877. The hotel's telephone
number is<PHONE_NUMBER>.
    Contact Person: Sara Anderson, Center for Devices and Radiological
Health, Food and Drug Administration, 10903 New Hampshire Ave., Bldg.
66, Rm. 1643, Silver Spring, MD 20993-0002<EMAIL_ADDRESS>
301-796-7047, or FDA Advisory Committee Information Line, 1-800-741-
8138<PHONE_NUMBER> in the Washington, DC area). A notice in the Federal
Register about last minute modifications that impact a previously
announced advisory committee meeting cannot always be published quickly
enough to provide timely notice. Therefore, you should always check the
Agency's Web site at http://www.fda.gov/AdvisoryCommittees/default.htm
and scroll down to the appropriate advisory committee meeting link, or
call the advisory committee information line to learn about possible
modifications before coming to the meeting.
    Agenda: On July 30, 2014, the committee will discuss, make
recommendations, and vote on information regarding the premarket
approval application (PMA) for the Ablatherm Integrated Imaging device
sponsored by EDAP Technomed, Inc. The proposed Indication for Use for
the Ablatherm Integrated Imaging device, as stated in the PMA, is as
follows:
    The Ablatherm Integrated Imaging device is intended for the primary
treatment of prostate cancer in subjects with low risk, localized
prostate cancer.
    On July 31, 2014, the committee will discuss and make
recommendations regarding the classification of Penile Tumescence
Monitors, Nephrostomy Catheters, Stimulators for Electrical Sperm
Collection, Erectile Dysfunction Devices, and Alloplastic
Spermatoceles. These devices are considered preamendments devices since
they were in commercial distribution prior to May 28, 1976, when the
Medical Devices Amendments became effective. Penile Tumescence Monitors
are currently regulated under the heading, ``Monitor, Penile
Tumescence,'' Product Code LIL, as unclassified under the 510(k)
premarket notification authority. Nephrostomy Catheters are currently
regulated under the heading, ``Catheter, Nephrostomy,'' Product Code
LJE, as unclassified under the 510(k) premarket notification authority.
Stimulators for Electrical Sperm Collection are currently regulated
under the heading, ``Stimulator, Electrical for Sperm Collection,''
Product Code LNL, as unclassified under the 510(k) premarket
notification authority. Erectile Dysfunction Devices are currently
regulated under the heading, ``Device, Erectile Dysfunction,'' Product
Code LST, as unclassified under the 510(k) premarket notification
authority. Alloplastic Spermatoceles are currently regulated under the
heading, ``Spermatocele, Alloplastic,'' Product Code LQS, as
unclassified under the 510(k) premarket notification authority. FDA is
seeking committee input on the safety and effectiveness and the
regulatory classification of Penile Tumescence Monitors, Nephrostomy
Catheters, Stimulators for Electrical Sperm Collection, Erectile
Dysfunction Devices, and Alloplastic Spermatoceles.
    FDA intends to make background material available to the public no
later than 2 business days before the meeting. If FDA is unable to post
the background material on its Web site prior to the meeting, the
background material will be made publicly available at the location of
the advisory committee meeting, and the background material will be
posted on FDA's Web site after the meeting. Background material is
available at http://www.fda.gov/AdvisoryCommittees/Calendar/default.htm. Scroll down to the appropriate advisory committee meeting
link.
    Procedure: Interested persons may present data, information, or
views, orally or in writing, on issues pending before the committee.
Written submissions may be made to the contact person on or before June
24, 2014. Oral presentations from the public will be scheduled between
approximately 1 p.m. and 2 p.m. on July 30, 2014, and between
approximately 8:50 a.m. and 9:50 a.m. on July 31, 2014. Those
individuals interested in making formal oral presentations should
notify the contact person and submit a brief statement of the general
nature of the evidence or arguments they wish to present, the names and
addresses of proposed participants, and an indication of the
approximate time requested to make their presentation on or before June
16, 2014. Time allotted for each presentation may be limited. If the
number of registrants requesting to speak is greater than can be
reasonably accommodated during the scheduled open public hearing
session, FDA may conduct a lottery to determine the speakers for the
scheduled open public hearing session. The contact person will notify
interested persons regarding their request to speak by June 17, 2014.
    Persons attending FDA's advisory committee meetings are advised
that the Agency is not responsible for providing access to electrical
outlets.
    FDA welcomes the attendance of the public at its advisory committee
meetings and will make every effort to accommodate persons with
physical disabilities or special needs. If you require special
accommodations due to a disability, please contact James Clark at
<EMAIL_ADDRESS>or<PHONE_NUMBER> at least 7 days in advance of
the meeting.
    FDA is committed to the orderly conduct of its advisory committee
meetings. Please visit our Web site at http://www.fda.gov/AdvisoryCommittees/AboutAdvisoryCommittees/ucm111462.htm for procedures
on public conduct during advisory committee meetings.
    Notice of this meeting is given under the Federal Advisory
Committee Act (5 U.S.C. app. 2).

    Dated: June 6, 2014.
Jill Hartzler Warner,
Associate Commissioner for Special Medical Programs.
[FR Doc. 2014-13650 Filed 6-11-14; 8:45 am]
BILLING CODE 4164-01-P


[Federal Register Volume 82, Number 174 (Monday, September 11, 2017)]
[Notices]
[Page 42675]
[FR Doc No: 2017-19161]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. ER17-2400-000]

SP Butler Solar, LLC; Supplemental Notice That Initial Market-
Based Rate Filing Includes Request for Blanket Section 204
Authorization

    This is a supplemental notice in the above-referenced proceeding of
SP Butler Solar, 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 25, 2017.
    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 Web site 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_ADDRESS>or call<PHONE_NUMBER> (toll free). For TTY,
call<PHONE_NUMBER>.

    Dated: September 5, 2017.
Nathaniel J. Davis, Sr.,
Deputy Secretary.
[FR Doc. 2017-19161 Filed 9-8-17; 8:45 am]
 BILLING CODE 6717-01-P


[Federal Register Volume 80, Number 54 (Friday, March 20, 2015)]
[Notices]
[Page 14998]
[FR Doc No: 2015-06403]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

Combined Notice of Filings #1

    Take notice that the Commission received the following electric
rate filings:

    Docket Numbers: ER13-1332-002.
    Applicants: Canadian Hills Wind, LLC.
    Description: Compliance filing per 35: Amended Co-Tenancy and
Shared Facilities Agreement to be effective 5/12/2015.
    Filed Date: 3/13/15.
    Accession Number: 20150313-5092.
    Comments Due: 5 p.m. ET 4/3/15.

    Docket Numbers: ER15-72-001.
    Applicants: Southwest Power Pool, Inc.
    Description: eTariff filing per 35.19a(b): 1976R3 Kaw Valley
Electric Cooperative Inc. Refund Report to be effective N/A.
    Filed Date: 3/13/15.
    Accession Number: 20150313-5040.
    Comments Due: 5 p.m. ET 4/3/15.

    Docket Numbers: ER15-77-001.
    Applicants: Southwest Power Pool, Inc.
    Description: eTariff filing per 35.19a(b): 2041R3 KCBPU-GMO Refund
Report to be effective N/A.
    Filed Date: 3/13/15.
    Accession Number: 20150313-5045.
    Comments Due: 5 p.m. ET 4/3/15.

    Docket Numbers: ER15-920-000.
    Applicants: Arizona Public Service Company.
    Description: Report Filing: Supplement to the Record for Service
Agreement No. 340 with City of Azusa to be effective N/A.
    Filed Date: 3/13/15.
    Accession Number: 20150313-5065.
    Comments Due: 5 p.m. ET 3/23/15.

    Docket Numbers: ER15-1229-000.
    Applicants: California Independent System Operator Corporation.
    Description: Sec.  205(d) rate filing per 35.13(a)(2)(iii): 2015-
03-12_MSG_BCR_Clarification to be effective 3/13/2015.
    Filed Date: 3/12/15.
    Accession Number: 20150312-5133.
    Comments Due: 5 p.m. ET 4/2/15.

    Docket Numbers: ER15-1232-000.
    Applicants: Illinois Municipal Electric Agency.
    Description: Waiver Request of Illinois Municipal Electric Agency.
    Filed Date: 3/11/15.
    Accession Number: 20150311-5365.
    Comments Due: 5 p.m. ET 3/23/15.

    Docket Numbers: ER15-1238-000.
    Applicants: ISO New England Inc., New England Power Pool
Participants Committee.
    Description: Sec.  205(d) rate filing per 35.13(a)(2)(iii): LMPc
Replacement to be effective 5/27/2015.
    Filed Date: 3/13/15.
    Accession Number: 20150313-5034.
    Comments Due: 5 p.m. ET 4/3/15.

    Docket Numbers: ER15-1239-000.
    Applicants: PJM Interconnection, L.L.C.
    Description: Sec.  205(d) rate filing per 35.13(a)(2)(iii): Service
Agreement No. 3739; Queue No. X2-075 to be effective 2/24/2015.
    Filed Date: 3/13/15.
    Accession Number: 20150313-5049.
    Comments Due: 5 p.m. ET 4/3/15.

    Docket Numbers: ER15-1240-000.
    Applicants: Midcontinent Independent System Operator, Inc.
    Description: Sec.  205(d) rate filing per 35.13(a)(2)(iii): 2015-
03-13_SA 2758 NSP-Trishe Wind Minnesota, LLC E&P (J288) to be effective
3/14/2015.
    Filed Date: 3/13/15.
    Accession Number: 20150313-5053.
    Comments Due: 5 p.m. ET 4/3/15.

    Docket Numbers: ER15-1241-000.
    Applicants: Duke Energy Carolinas, LLC.
    Description: Sec.  205(d) rate filing per 35.13(a)(2)(iii):
Amendment to NCEMC IA Catawba Nuclear Station to be effective 6/1/2015.
    Filed Date: 3/13/15.
    Accession Number: 20150313-5061.
    Comments Due: 5 p.m. ET 4/3/15.

    Docket Numbers: ER15-1252-000.
    Applicants: PJM Interconnection, L.L.C., American Electric Power
Service Corporation.
    Description: Sec.  205(d) rate filing per 35.13(a)(2)(iii): AEP
submits revisions to OATT Attachment H-20B to update PBOP Rate to be
effective 7/1/2015.
    Filed Date: 3/13/15.
    Accession Number: 20150313-5100.
    Comments Due: 5 p.m. ET 4/3/15.

    Docket Numbers: ER15-1253-000.
    Applicants: PJM Interconnection, L.L.C.
    Description: Sec.  205(d) rate filing per 35.13(a)(2)(iii): Service
Agreement No. 3481; Queue X4-015 to be effective 2/ 24/2015.
    Filed Date: 3/13/15.
    Accession Number: 20150313-5105.
    Comments Due: 5 p.m. ET 4/3/15.

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

     Dated: March 13, 2015.
Nathaniel J. Davis, Sr.,
Deputy Secretary.
[FR Doc. 2015-06403 Filed 3-19-15; 8:45 am]
 BILLING CODE 6717-01-P


[Federal Register Volume 80, Number 61 (Tuesday, March 31, 2015)]
[Notices]
[Pages 17132-17135]
[FR Doc No: 2015-07259]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-74579; File No. SR-ICEEU-2015-007]

Self-Regulatory Organizations; ICE Clear Europe Limited; Notice
of Filing of Proposed Rule Change Relating to Collateral and Haircut
Policy

March 25, 2015.
    Pursuant to section 19(b)(1) of the Securities Exchange Act of 1934
(``Act'') \1\ and Rule 19b-4 thereunder \2\ notice is hereby given that
on March 13, 2015, ICE Clear Europe Limited (``ICE Clear Europe'' or
``Clearing House'')

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

    The principal purpose of the proposed rule change is to implement a
new collateral and haircut policy (the ``Haircut Policy''), which is
applicable to Permitted Cover posted by Clearing Members to meet the
Clearing House's Margin and Guaranty Fund requirements.

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

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

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

1. Purpose
    The Haircut Policy codifies and consolidates certain existing
practices of the Clearing House with respect to Permitted Cover.
Specifically, the policy is designed (i) to set out overall principles
with respect to the assets accepted by the Clearing House as Permitted
Cover; (ii) to establish a framework for determining absolute and
relative limits, as applicable, on the value of the collateral that may
be posted by a Clearing Member as Permitted Cover; (iii) to establish a
value-at-risk (``VaR'') based methodology for determining haircuts for
all Permitted Cover; (iv) to mitigate wrong-way risk from Permitted
Cover; (v) to address sources for pricing Permitted Cover; and (vi) to
set out certain related monitoring, reviewing and reporting procedures.
The Haircut Policy applies to Permitted Cover provided for all product
classes (F&O, CDS and FX).\3\ Following implementation, the Clearing
House will from time to time adjust the haircuts applicable to
Permitted Cover under the methodology set forth in the policy.
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    \3\ Although the Haircut Policy generally also applies to
Permitted Cover posted with respect to Guaranty Fund requirements,
certain additional requirements apply to Guaranty Fund contributions
under the Rules and Finance Procedures. Those additional
requirements are not proposed to be changed in connection with the
Haircut Policy.
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    The general aims of the Haircut Policy are to ensure that the
Clearing House can efficiently liquidate all forms of Permitted Cover,
that appropriate prices are used for valuation of Permitted Cover and
that appropriate haircuts (including, as applicable, cross-currency
haircuts) are used. The Haircut Policy also codifies certain general
principles considered by the Clearing House in accepting assets as
Permitted Cover, including availability of pricing information, the
existence of liquid and active markets for buyers and sellers of those
assets, the existence of sufficient price history, the ability to
liquidate Permitted Cover without causing a market disruption,
compliance with legal and regulatory requirements and sufficient
operational and technological framework to handle deposit, liquidation
and return of such assets as Permitted Cover. Cash collateral must be
in one of several specified currencies underlying contracts cleared by
the Clearing House. Additional general requirements apply to financial
instruments, including prohibitions on acceptance of instruments that
have non-``vanilla'' features such as embedded options, instruments
issued by a Clearing Member or its affiliate, instruments issued by a
CCP or by entities that provide critical services to the Clearing House
(other than central banks) and certain credit-based limits. Such limits
require that the issuer is rated at least ``BBB-'' by S&P (or its
equivalent), the average yield on the asset over the previous three
months is not greater than 8%, and the 5-year CDS spread of the issuer
has not exceeded 500 basis points over the previous three months. The
Haircut Policy provides that where market conditions warrant, or where
the Clearing House's sovereign risk model indicates deteriorating
credit below a certain threshold (i.e., ``BBB-'' by S&P), the Clearing
House may remove securities from the list of Permitted Cover and/or
vary applicable haircuts. The Clearing House will notify Clearing
Members and other market participants of such actions by Circular. The
Clearing House maintains the current List of Permitted Cover (along
with haircut rates, limits and restrictions) on its Web site, https://www.theice.com/publicdocs/clear_europe/list-of-permitted-covers.pdf.
    The Haircut Policy contains a methodology for setting absolute
limits on the value of non-cash Permitted Cover that can be posted by a
Clearing Member. (The Clearing House does not, however, impose absolute
or relative limits on the use of US Treasury securities as Permitted
Cover.) Absolute collateral limits apply across a group of affiliated
Clearing Members and apply across all product categories cleared by
that group. Collateral provided by Sponsored Principals with the same
sponsoring member will be included in all collateral limit calculations
as part of the sponsoring member's client account. The policy also sets
out relative, or concentration, limits for Permitted Cover provided by
a Clearing Member. The Clearing House publishes on its Web site the
current absolute and relative limits on government bonds provided as
Permitted Cover. For government bonds, the absolute limit generally is
calculated pursuant to a formula based on data from the repo market for
the relevant government bond, taking into account both the overall size
of that market and the percentage of that market consisting of repos
with a one day maturity. The policy also specifies relevant sources of
repo market data for particular types of government securities
(including most European government bonds and Japanese government bonds
accepted by the Clearing House) and gold market data for gold Permitted
Cover. The policy also sets out alternative approaches for determining
the limit for certain government bonds, including for UK, Swiss and
Canadian government bonds. The policy sets out procedures for
monitoring of limits on a daily basis and for remediation of breach of
a limit by a Clearing Member. The risk management department monitors
all collateral limits on a daily basis using a collateral breakdown
report which flags limit breaches. Breaches will be reviewed internally
and the relevant Clearing Member will be contacted. Breaches can be
remediated by posting additional collateral, removal of collateral that
is in breach of a limit, or both of the above.
    The policy also provides for a risk-based reduction in absolute
limits for government bonds based on the credit default swap (CDS)
spread for the relevant issuer. Once the spread exceeds a specified
level for a particular issuer, the absolute limit for Permitted
Collateral of that issuer is reduced pursuant to a defined formula. If
the spread exceeds a second level, the absolute limit is reduced to 5%
of the

otherwise applicable original limit. Spread levels are determined using
a five-day average to avoid excessive volatility. This reduction is
intended to mitigate wrong-way risk from government bond Permitted
Cover. The specified parameters will be reviewed on a quarterly basis.
    Specific wrong-way risk arising in connection with clearing of
Western European sovereign CDS is addressed through a requirement that
US dollar denominated collateral be provided for initial margin and
that a portion of the CDS Guaranty Fund be US dollar-based (determined
based on the ratio between the dollar-denominated and Euro-denominated
initial margin requirements for CDS). In addition, where the member's
aggregate short position in sovereign CDS with respect to a sovereign
exceeds a specified threshold, the Clearing House may decline to accept
government bonds of that sovereign or any other sovereign bonds that
exhibit certain correlations with such government bonds.
    The Haircut Policy also addresses potential wrong-way risk arising
from Permitted Cover more generally. The Clearing House monitors
collateral on a daily basis. Where the Clearing House considers there
to be strong general wrong-way risk between a Clearing Member and the
asset it is posting, the Clearing House will ask the member to change
the composition of collateral to mitigate that risk.
    The Haircut Policy establishes a VaR-based methodology for
determining haircuts for Permitted Cover. The Clearing House calculates
six different estimations of VaR for each applicable risk factor. Two
estimations are based on a historical simulation approach (using a
1,000-business day (approximately 4 year) lookback period), and a one-
day or two-day liquidation period assumption. Four estimations are
based on a parametric methodology: Two using a 1,000-business day
lookback period and a one-day or two-day liquidation period assumption,
and two using a 60-business day (approximately 3 month) lookback period
and a one-day or two-day liquidation period assumption. Each estimation
is calculated using a 99.9% confidence interval (applicable to
Permitted Cover posted with respect to all product categories). The
proposed haircut will be based on the largest VaR of the 6 estimations.
Fixed income assets are divided into separate maturity buckets for each
issuer, with a separate haircut established for each bucket. The policy
specifies relevant price sources that will be used for the calculation
of haircuts for each type of Permitted Cover. Haircuts are determined
using the bid prices of Permitted Cover assets, in order to account for
higher liquidation costs in stressed markets. The model output is
rounded up to the nearest 0.25%, in order to limit unnecessary
variation in haircut levels. The applicable haircuts will be reviewed
on a monthly basis, or more frequently where the risk management
department deems it necessary.
    The risk management department may further adjust the haircut
determined under the model as it determines prudent in light of
additional qualitative and quantitative factors. These include the
Clearing House's credit assessment of the issuer, current market
conditions and volatility, expected future volatility, the liquidity of
the underlying market for the asset, including bid/ask spread, wrong
way risk considerations, VaR estimates determined for a period of
stressed market conditions, and other factors that might affect the
liquidity or value of an asset in stressed market conditions. The
Clearing House anticipates that such adjustments to the value
calculated under the model would be used only in exceptional
circumstances and would expect to use such adjustments to increase
haircuts in stressed market circumstances. The Clearing House will make
judicious use of current market information to override the model but
anticipates exercising this ability in less than 5% of haircut rates.
    The Haircut Policy also sets a minimum haircut level of 3%, in
order to avoid pro-cyclical variation in haircuts. (The minimum level
will be reviewed annually under the Haircut Policy.) In addition, a
haircut add-on of up to 1% will be applied during the period until the
next monthly review to issuers presenting increased credit risk. The
add-on is applied once the issuer's CDS spread exceeds a specified
level, and increases in steps of 0.25% up to a maximum of 1% where the
CDS spread exceeds higher thresholds. The add-on is generally designed
to anticipate potential haircut increases as part of the next monthly
review cycle.
    The Clearing House also imposes cross-currency haircuts, which
address the exchange rate risk faced by the Clearing House where the
Permitted Cover is denominated in a different currency from the
currency of the applicable margin requirement. Under the Haircut
Policy, cross-currency haircuts are determined using the same
methodology described above for other haircuts, but are subject to a
minimum haircut of 4.5%. Cross-currency haircuts are applied in
addition to any applicable haircut for the relevant form of Permitted
Cover.
    Haircuts are reviewed under the policy on at least a monthly basis,
although the risk department may do so more frequently in exceptional
circumstances. The Clearing House monitors Permitted Cover on a daily
and intraday basis. The Clearing House may, under its existing Rules
and the Haircut Policy, take action to mitigate any change in risk,
including by increasing haircuts, calling for additional collateral,
reducing concentration limits and removing an asset from eligibility as
Permitted Cover. The Clearing House monitors the value of Permitted
Cover deposited with it on a real time basis. Any change in a member's
intra-day cover value that is greater than 3% is flagged immediately by
the Risk Management intraday monitoring system that is monitored by the
Risk Management team throughout the business day. Any breach is
investigated and appropriate action taken where necessary. The Clearing
House also will backtest haircuts based on price moves observed in the
markets on a daily basis, and review haircut levels if a price move
breaches an existing haircut. The Clearing House prepares daily reports
with respect to Permitted Cover for purposes of internal monitoring and
provides monthly reports to the relevant Risk Committees and Board Risk
Committee. The Clearing House will review the Haircut Policy on an
annual basis (which will include review by the Board Risk Committee) or
where there is a material change to the risk exposure of the Clearing
House. The Haircut Policy will also be independently reviewed annually
under the Clearing House's model governance framework.
2. Statutory Basis
    ICE Clear Europe believes that the proposed rule change is
consistent with the requirements of section 17A of the Act \4\ and the
regulations thereunder applicable to it.\5\ Section 17A(b)(3)(F) of the
Act \6\ 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, the safeguarding of
securities and funds in the custody or control of the clearing agency,
and the protection of investors and the public interest. ICE Clear
Europe is adopting the Haircut Policy to codify and consolidate its
procedures

and practices concerning the determination of haircuts and certain
other limitations applicable to Permitted Cover provided in respect of
initial and original margin requirements. These limitations include
establishment of general principles for the assets accepted as
Permitted Cover, valuation of Permitted Cover, absolute and relative
concentration limits on the amount of a particular bond a Clearing
Member (including any affiliated Clearing Members) may provide as
Permitted Cover as well as further measures designed to mitigate wrong-
way-risk. ICE Clear Europe believes that the policy provides a
conservative set of haircuts intended to protect the Clearing House
from a decline in collateral value or a change in exchange rates in
circumstances where it is required to liquidate Permitted Cover
following a Clearing Member default. In addition, the policy permits
the Clearing House to respond promptly and appropriately to changes in
market conditions by modifying haircuts or other limits on Permitted
Cover. ICE Clear Europe thus believes that the Haircut Policy will
enhance the stability of the clearing system and the Clearing House's
ability to manage a Clearing Member default and to continue to fulfill
its obligations in a Clearing Member default scenario. As a result, in
ICE Clear Europe's view, the proposed changes will facilitate the
prompt and accurate settlement of such transactions, assure the
safeguarding of securities and funds which are in the custody or
control of ICE Clear Europe or for which it is responsible, and promote
the public interest and the protection of investors, within the meaning
of section 17A(b)(3)(F).\7\
---------------------------------------------------------------------------

    \4\ 15 U.S.C. 78q-1.
    \5\ 17 CFR 240.17Ad-22.
    \6\ 15 U.S.C. 78q-1(b)(3)(F).
    \7\ 15 U.S.C. 78q-1(b)(3)(F).
---------------------------------------------------------------------------

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

    ICE Clear Europe does not believe the amendments would have any
impact, or impose any burden, on competition not necessary or
appropriate in furtherance of the purposes of the Act. The Haircut
Policy will be applicable to all Clearing Members with respect to
assets provided by those members as Permitted Cover. ICE Clear Europe
does not believe the adoption of the policy will adversely affect
competition among Clearing Members. Furthermore, ICE Clear Europe does
not anticipate that the changes will adversely affect the ability of
market participants to clear contracts generally, reduce access to
clearing generally, or limit market participants' choices for clearing
such contracts. Although it is possible that the application of the
Haircut Policy will result in higher haircuts or lower limitations for
certain categories of Permitted Cover, ICE Clear Europe believes that
the policy appropriately tailors the haircuts and limitations to the
particular market, liquidity and credit risks presented by particular
assets as Permitted Cover. As a result, in ICE Clear Europe's view, any
incremental increase in cost of using certain types of Permitted Cover
is warranted in light of the risks presented to the Clearing House. ICE
Clear Europe thus believes that any impact on competition from the new
model is appropriate in furtherance of the purposes of the Act.

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

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

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

    Within 45 days of the date of publication of this notice in the
Federal Register or within such longer period up to 90 days (i) as the
Commission may designate if it finds such longer period to be
appropriate and publishes its reasons for so finding or (ii) as to
which the self-regulatory organization consents, the Commission will:
    (A) By order approve or disapprove the proposed rule change or
    (B) institute proceedings to determine whether the proposed rule
change should be disapproved.

IV. Solicitation of Comments

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

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml) or
     Send an email to<EMAIL_ADDRESS>Please include
File Number SR-ICEEU-2015-007 on the subject line.

Paper Comments

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

All submissions should refer to File Number SR-ICEEU-2015-007. This
file number should be included on the subject line if email is used. To
help the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, all
written statements with respect to the proposed rule change that are
filed with the Commission, and all written communications relating to
the proposed rule change between the Commission and any person, other
than those that may be withheld from the public in accordance with the
provisions of 5 U.S.C. 552, will be available for Web site viewing and
printing in the Commission's Public Reference Room, 100 F Street NE.,
Washington, DC 20549, on official business days between the hours of
10:00 a.m. and 3:00 p.m. Copies of such filings will also be available
for inspection and copying at the principal office of ICE Clear Europe
and on ICE Clear Europe's Web site at https://www.theice.com/clear-europe/regulation.
    All comments received will be posted without change; the Commission
does not edit personal identifying information from submissions. You
should submit only information that you wish to make available
publicly. All submissions should refer to File Number SR-ICEEU-2015-007
and should be submitted on or before April 21, 2015.
---------------------------------------------------------------------------

    \8\ 17 CFR 200.30-3(a)(12).

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\8\
Brent J. Fields,
Secretary.
[FR Doc. 2015-07259 Filed 3-30-15; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register: November 28, 2008 (Volume 73, Number 230)]
[Proposed Rules]
[Page 72370-72374]
[DOCID:fr28no08-22]

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

Federal Aviation Administration

14 CFR Part 39

[Docket No. FAA-2008-1207; Directorate Identifier 2007-NE-47-AD]
RIN 2120-AA64

Airworthiness Directives; Honeywell International Inc. ALF502L-2
and ALF502L-2C Turbofan Engines

AGENCY: Federal Aviation Administration (FAA), Department of
Transportation (DOT).

ACTION: Notice of proposed rulemaking (NPRM).

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

SUMMARY: The FAA proposes to adopt a new airworthiness directive (AD)
for Honeywell International Inc. ALF502L-2 and ALF502L-2C turbofan
engines with certain high-pressure compressor (HPC) first stage discs
installed. This proposed AD would require performing a dimensional
inspection to determine if excessive disc balance material was removed
and a magnetic particle inspection if the disc passes the dimensional
inspection. This proposed AD results from reports of discs found with
excessive material removed from the balancing material of the disc. We
are proposing this AD to prevent the discs from fracturing before
reaching the currently published life limit. A disc fracture could
result in an uncontained failure of the disc and damage to the
airplane.

DATES: We must receive any comments on this proposed AD by January 27,
2009.

ADDRESSES: Use one of the following addresses to comment on this
proposed AD.
     Federal eRulemaking Portal: Go to http://
www.regulations.gov and follow the instructions for sending your
comments electronically.
     Mail: Docket Management Facility, U.S. Department of
Transportation, 1200

New Jersey Avenue, SE., West Building Ground Floor, Room W12-140,
Washington, DC 20590-0001.
     Hand Delivery: Deliver to Mail address above between 9
a.m. and 5 p.m., Monday through Friday, except Federal holidays.
     Fax:<PHONE_NUMBER>.
    You can get the service information identified in this proposed AD
from Honeywell International Inc. 111 S. 34th Street, Phoenix, AZ
85034-2802, U.S.A.; telephone<PHONE_NUMBER>, Web site http://
portal.honeywell.com/wps/portal/aero.

FOR FURTHER INFORMATION CONTACT: Robert Baitoo, Aerospace Engineer, Los
Angeles Aircraft Certification Office, FAA, Transport Airplane
Directorate, 3960 Paramount Blvd., Lakewood, CA 90712-4137; e-mail:
<EMAIL_ADDRESS>telephone<PHONE_NUMBER>; fax<PHONE_NUMBER>.

SUPPLEMENTARY INFORMATION:

Comments Invited

    We invite you to send us any written relevant data, views, or
arguments regarding this proposal. Send your comments to an address
listed under ADDRESSES. Include ``Docket No. FAA-2008-1207; Directorate
Identifier 2007-NE-47-AD'' in the subject line of your comments. We
specifically invite comments on the overall regulatory, economic,
environmental, and energy aspects of the proposed AD. We will consider
all comments received by the closing date and may amend the proposed AD
in light of those comments.
    We will post all comments we receive, without change, to http://
www.regulations.gov, including any personal information you provide. We
will also post a report summarizing each substantive verbal contact
with FAA personnel concerning this proposed AD. Using the search
function of the Web site, anyone can find and read the comments in any
of our dockets, including, if provided, the name of the individual who
sent the comment (or signed the comment on behalf of an association,
business, labor union, etc.). You may review the DOT's complete Privacy
Act Statement in the Federal Register published on April 11, 2000 (65
FR 19477-78).

Examining the AD Docket

    You may examine the AD docket on the Internet at http://
www.regulations.gov; or in person at the Docket Operations office
between 9 a.m. and 5 p.m., Monday through Friday, except Federal
holidays. The AD docket contains this proposed AD, the regulatory
evaluation, any comments received, and other information. The street
address for the Docket Operations office (telephone<PHONE_NUMBER>) is
the same as the Mail address provided in the ADDRESSES section.
Comments will be available in the AD docket shortly after receipt.

Discussion

    The HPC first stage disc has an area from which too much material
could be removed during the balancing operation. We received reports of
two HPC first stage discs with too much material removed from the
balance material of the disc. Honeywell revised the engine overhaul
manual to clarify the limits for removed balance material. Removing too
much material from the balance area of the disc may result in a reduced
fatigue life of the disc. This condition, if not corrected, could
result in the disc fracturing before reaching its currently published
life limit. A disc fracture could result in an uncontained failure of
the disc and damage to the airplane.

Relevant Service Information

    We have reviewed and approved the technical contents of Honeywell
Alert Service Bulletin (ASB) ALF/LF A72-1102, dated April 24, 2007,
that describes procedures for inspecting the HPC first stage disc for
missing balance material.

FAA's Determination and Requirements of the Proposed AD

    We have evaluated all pertinent information and identified an
unsafe condition that is likely to exist or develop on other products
of this same type design. We are proposing this AD, which would require
at the next shop visit, but not later than 2,500 cycles-in-service
after the effective date of this proposed AD, inspecting the HPC first
stage disc for excessive missing balance material and a magnetic
particle inspection.

Costs of Compliance

    We estimate that this proposed AD would affect 148 engines
installed on airplanes of U.S. registry. We also estimate that it would
take about 3 work-hours per engine to perform the proposed actions, and
that the average labor rate is $80 per work-hour. Required parts would
cost about $21,000 per engine. Based on these figures, we estimate the
total cost of the proposed AD to U.S. operators to be $3,143,520.

Authority for this Rulemaking

    Title 49 of the United States Code specifies the FAA's authority to
issue rules on aviation safety. Subtitle I, Section 106, describes the
authority of the FAA Administrator. Subtitle VII, Aviation Programs,
describes in more detail the scope of the Agency's authority.
    We are issuing this rulemaking under the authority described in
Subtitle VII, Part A, Subpart III, section 44701, ``General
requirements.'' Under that section, Congress charges the FAA with
promoting safe flight of civil aircraft in air commerce by prescribing
regulations for practices, methods, and procedures the Administrator
finds necessary for safety in air commerce. This regulation is within
the scope of that authority because it addresses an unsafe condition
that is likely to exist or develop on products identified in this
rulemaking action.

Regulatory Findings

    We have 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 that the proposed AD:
    1. Is not a ``significant regulatory action'' under Executive Order
12866;
    2. Is not a ``significant rule'' under the DOT Regulatory Policies
and Procedures (44 FR 11034, February 26, 1979); and
    3. Would not have a significant economic impact, positive or
negative, on a substantial number of small entities under the criteria
of the Regulatory Flexibility Act.
    We prepared a regulatory evaluation of the estimated costs to
comply with this proposed AD. You may get a copy of this summary at the
address listed under ADDRESSES.

List of Subjects in 14 CFR Part 39

    Air transportation, Aircraft, Aviation safety, Safety.

The Proposed Amendment

    Under the authority delegated to me by the Administrator, the
Federal Aviation Administration proposes to amend 14 CFR part 39 as
follows:

PART 39--AIRWORTHINESS DIRECTIVES

    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]

    2. The FAA amends Sec.  39.13 by adding the following new
airworthiness directive:

Honeywell International Inc. (Formerly AlliedSignal and Lycoming):
Docket No. FAA-2008-1207; Directorate Identifier 2007-NE-47-AD.

Comments Due Date

    (a) The Federal Aviation Administration (FAA) must receive
comments on this airworthiness directive (AD) action by January 27,
2009.

Affected ADs

    (b) None.

Applicability

    (c) This AD applies to Honeywell International Inc. ALF502L-2
and ALF502L-2C turbofan engines with high pressure compressor (HPC)
first stage discs, part numbers (P/Ns) 2-101-331-03, 2-101-331-04,
and 2-101-331-10, installed. These engines are installed on, but not
limited to, Bombardier CL-600-1A11 airplanes.

Unsafe Condition

    (d) This AD results from reports of discs found with excessive
material removed from the balancing material of the disc. We are
issuing this AD to prevent the discs from fracturing before reaching
the currently published life limit. A disc fracture could result in
an uncontained failure of the disc and damage to the airplane.

Compliance

    (e) You are responsible for having the actions required by this
AD performed at the next shop visit, but not later than 2,500
cycles-in-service after the effective date of this AD, unless the
actions have already been done.

Visual Inspection

    (f) For discs with 5,000 or more cycles-since-new on the
effective date of this AD, perform a dimensional inspection of the
HPC first stage disc to determine if excessive disc balance material
was removed. See the following Figure 1 for limits.
BILLING CODE 4910-13-P

[GRAPHIC] [TIFF OMITTED] TP28NO08.023

[GRAPHIC] [TIFF OMITTED] TP28NO08.024

BILLING CODE 4910-13-C
    (g) Replace disc if excessive disc balance material was removed.
See limits in Figure 1 of this AD.
    (h) If removed balance material is acceptable, perform a
magnetic particle inspection of the disc rim and slots for cracks
using a 3 to 7 power magnification glass. The Engine Overhaul
Manual, 72-34-11, Inspection/Check, contains information on the
magnetic particle inspection.
    (i) Replace disc if you find any cracks.

Alternative Methods of Compliance

    (j) The Manager, Los Angeles Aircraft Certification Office, has
the authority to approve alternative methods of compliance for this
AD if requested using the procedures found in 14 CFR 39.19.

Related Information

    (k) Honeywell Alert Service Bulletin ALF/LF A72-1102, dated
April 24, 2007, contains information that pertains to the subject of
this AD.
    (l) Contact Robert Baitoo, Aerospace Engineer, Los Angeles
Aircraft Certification Office, FAA, Transport Airplane Directorate,
3960 Paramount Blvd., Lakewood, CA 90712-4137; e-mail:
<EMAIL_ADDRESS>telephone<PHONE_NUMBER>; fax<PHONE_NUMBER>,
for more information about this AD.

    Issued in Burlington, Massachusetts, on November 21, 2008.
Peter A. White,
Assistant Manager, Engine and Propeller Directorate, Aircraft
Certification Service.
 [FR Doc. E8-28269 Filed 11-26-08; 8:45 am]

BILLING CODE 4910-13-P


[Federal Register Volume 81, Number 175 (Friday, September 9, 2016)]
[Notices]
[Page 62497]
[FR Doc No: 2016-21684]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. ER16-2520-000]

Grand View PV Solar Two LLC; Supplemental Notice That Initial
Market-Based Rate Filing Includes Request for Blanket Section 204
Authorization

    This is a supplemental notice in the above-referenced proceeding of
Grand View PV Solar Two 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 21, 2016.
    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 Web site 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_ADDRESS>or call<PHONE_NUMBER> (toll free). For
TTY, call<PHONE_NUMBER>.

    Dated: September 1, 2016.
Nathaniel J. Davis, Sr.,
Deputy Secretary.
[FR Doc. 2016-21684 Filed 9-8-16; 8:45 am]
 BILLING CODE 6717-01-P


[Federal Register Volume 80, Number 215 (Friday, November 6, 2015)]
[Notices]
[Pages 68901-68904]
[FR Doc No: 2015-28369]

=======================================================================
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DEPARTMENT OF THE TREASURY

Office of the Comptroller of Currency

FEDERAL RESERVE SYSTEM

[Docket No. OP-1465]

FEDERAL DEPOSIT INSURANCE CORPORATION

BUREAU OF CONSUMER FINANCIAL PROTECTION

SECURITIES AND EXCHANGE COMMISSION

Agency Information Collection; Submission for OMB Review; Joint
Comment Request; Joint Standards for Assessing the Diversity Policies
and Practices of Entities Regulated by the Agencies

AGENCY: Office of the Comptroller of the Currency (OCC); Board of
Governors of the Federal Reserve System (Board); Federal Deposit
Insurance Corporation (FDIC); Bureau of Consumer Financial Protection
(CFPB); and Securities and Exchange Commission (SEC).

ACTION: Joint notice, request for comment, and notice of information
collection to be submitted to the Office of Management and Budget (OMB)
for review and approval under the Paperwork Reduction Act of 1995
(PRA).

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

SUMMARY: The OCC, FDIC, CFPB, and SEC (each, an Agency and
collectively, the Agencies) have submitted to OMB a request for
approval under the PRA of the collection of information discussed
below. The Board (also an Agency and included in Agencies) reviewed the
joint notice under the authority delegated to the Board by OMB. An
agency may not conduct or sponsor, and a respondent is not required to
respond to, an information collection unless it displays a currently
valid OMB control number.

DATES: Comments must be submitted on or before December 7, 2015.

ADDRESSES: Interested parties are invited to submit written comments to
any or all of the Agencies. All comments received will be shared among
the Agencies.
    OCC: Because paper mail in the Washington, DC area and at the OCC
is subject to delay, commenters are encouraged to submit comments by
email, if possible. Comments may be sent to: Legislative and Regulatory
Activities Division, Office of the Comptroller of the Currency,
Attention: 1557-NEW, 400 7th Street SW., Suite 3E-218, Mail Stop 9W-11,
Washington, DC 20219. In addition, comments may be sent by fax to (571)
465-4326 or by electronic mail to<EMAIL_ADDRESS>    In general, OCC will enter all comments received into the docket
and publish them on the www.reginfo.gov Web site without change,
including any business or personal information that you provide such as
name and address information, email addresses, or phone numbers.
Comments received, including attachments and other supporting
materials, are part of the public record and subject to public
disclosure. Do not include any information in your comment or
supporting materials that you consider confidential or inappropriate
for public disclosure.
    You may personally inspect and photocopy comments by visiting the
OCC at 400 7th Street SW., Washington, DC 20219. For security reasons,
the OCC requires that visitors make an appointment to inspect comments.
You may make an appointment by calling<PHONE_NUMBER> or, for persons
who are deaf or hard of hearing, TTY<PHONE_NUMBER>. Upon arrival,
visitors will be required to present valid government-issued photo
identification and submit to a security screening, prior to inspecting
and photocopying comments.
    Board: You may submit comments, identified by ``OMWI Policy
Statement,'' by any of the following methods:
     Agency Web site: http://www.federalreserve.gov. Follow the
instructions for submitting comments at http://www.federalreserve.gov/apps/foia/proposedregs.aspx.
     Federal eRulemaking Portal: http://www.regulations.gov.
Follow the instructions for submitting comments.
     Email<EMAIL_ADDRESS>     FAX:<PHONE_NUMBER> or<PHONE_NUMBER>.
     Mail: Robert deV. Frierson, Secretary, Board of Governors
of the Federal Reserve System, 20th Street and Constitution Avenue NW.,
Washington, DC 20551.
    All public comments are available from the Board's Web site at
http://www.federalreserve.gov/apps/foia/proposedregs.aspx as submitted,
unless modified for technical reasons. Accordingly, your comments will
not be edited to remove any identifying or contact information. Public
comments may also be viewed electronically or in paper form in Room MP-
500 of the Board's Martin Building (20th and C Streets NW.) between
9:00 a.m. and 5:00 p.m. on weekdays.
    FDIC: You may submit comments on this information collection, which
should refer to ``Joint Standards for Assessing Diversity Policies and
Practices,'' by any of the following methods:
     Agency Web site: http://www.fdic.gov/regulations/laws/federal/. Follow the instructions for submitting comments on the FDIC
Web site.
     Email<EMAIL_ADDRESS>Include ``Joint Standards for
Assessing Diversity Policies and Practices'' in the subject line of the
message.
     Mail: Gary A. Kuiper, Counsel, MB-3074, Federal Deposit
Insurance Corporation, 550 17th Street NW., Washington, DC 20429.
    CFPB: You may submit comments, identified by the title of the
information collection, ``Joint Standards for Assessing the Diversity
Policies and Practices of Entities Regulated by the Agencies,'' or by
the docket number (see below) using any of the following methods:
     Electronic: http://www.regulations.gov (Docket Number:
CFPB-2015-0042). Follow the instructions for submitting comments.
     Mail: Consumer Financial Protection Bureau (Attention: PRA
Office), 1700 G Street NW., Washington, DC 20552.
     Hand Delivery/Courier: Consumer Financial Protection
Bureau (Attention: PRA Office), 1275 First Street NE., Washington, DC
20002.
    Please note that comments submitted after the comment period will
not be accepted. In general, all comments received will become public
records, including any personal information provided. Sensitive
personal information, such as account numbers or social security
numbers, should not be included.
    SEC: Please direct your written comments to Pamela Dyson, Chief
Information Officer, Securities and Exchange Commission, c/o Remi
Pavlik-Simon, 100 F Street NE., Washington, DC 20549, or send an email
to<EMAIL_ADDRESS>with ``SEC File 270-664 OMWI Policy Statement''
in the subject line of the message.
    Additionally, commenters may send a copy of their comments to the
OMB desk officer for the Agencies by mail to the Office of Information
and Regulatory Affairs, U.S. Office of Management and Budget, New
Executive Office Building Room 10235, 725 17th Street NW., Washington,
DC 20503: By fax to<PHONE_NUMBER>; or by email to
<EMAIL_ADDRESS>
FOR FURTHER INFORMATION CONTACT: For further information about the
information collection discussed in this notice, please contact any
Agency clearance officer named below. In addition, background
documentation for

this information collection may be viewed at www.reginfo.gov or at the
following locations:
    OCC: Shaquita Merritt or Mary H. Gottlieb,<PHONE_NUMBER> or, for
persons who are deaf or hard of hearing, TTY<PHONE_NUMBER>,
Legislative and Regulatory Activities Division, Office of the
Comptroller of the Currency, 400 7th Street SW., Washington, DC 20219.
    Board: Nuha Elmaghrabi: Federal Reserve Clearance Officer, Office
of the Chief Data Officer, Mail Stop K1-148, Board of Governors of the
Federal Reserve System, Washington, DC 20551.
    FDIC: Gary A. Kuiper, Counsel, MB-3074, Federal Deposit Insurance
Corporation, 550 17th Street NW., Washington, DC 20429, or send an
email to<EMAIL_ADDRESS>    CFPB: Darrin A. King, Paperwork Reduction Act Officer, 1700 G
Street NW., Washington, DC 20552,<PHONE_NUMBER>, or email:
<EMAIL_ADDRESS>Please do not submit comments to this email box.
    SEC: Pamela Dyson, Chief Information Officer, Securities and
Exchange Commission, c/o Remi Pavlik-Simon, 100 F Street NE.,
Washington, DC 20549 or send an email to<EMAIL_ADDRESS>
SUPPLEMENTARY INFORMATION: Section 342 of the Dodd-Frank Wall Street
Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) required
each Agency to establish an Office of Minority and Women Inclusion
(OMWI) to be responsible for all matters of the Agency relating to
diversity in management, employment, and business activities. The Dodd-
Frank Act also instructed the OMWI Directors to develop standards for
assessing the diversity policies and practices of entities regulated by
their Agencies. The Agencies worked together to develop joint standards
and, on June 10, 2015, they published a Federal Register notice (80 FR
33016) entitled ``Final Interagency Policy Statement Establishing Joint
Standards for Assessing the Diversity Policies and Practices of
Entities Regulated by the Agencies'' (Policy Statement).\1\ The Policy
Statement contains a collection of information within the meaning of
the PRA (44 U.S.C. 3501 et seq.).
---------------------------------------------------------------------------

    \1\ The National Credit Union Administration (NCUA) joined the
Agencies in issuing the Policy Statement. However, the NCUA is
issuing a separate Federal Register notice for PRA clearance.
---------------------------------------------------------------------------

A. Overview of the Collection of Information

1. Description of the Collection of Information and Proposed Use

    The title for this proposed collection of information is:
     Joint Standards for Assessing Diversity Policies and
Practices.
    The Policy Statement includes Joint Standards that cover
``Practices to Promote Transparency of Organizational Diversity and
Inclusion.'' These standards contemplate that a regulated entity is
transparent about its diversity and inclusion activities by making
certain information available to the public annually on its Web site or
in other appropriate communications, in a manner reflective of the
entity's size and other characteristics. The information noted in these
standards is the entity's diversity and inclusion strategic plan; its
policy on its commitment to diversity and inclusion; progress toward
achieving diversity and inclusion in its workforce and procurement
activities (which may include the entity's current workforce and
supplier demographic profiles); and employment and procurement
opportunities available at the entity that promote diversity.
    In addition, the Policy Statement includes standards that address
``Entities' Self-Assessment.'' These standards envision that the
regulated entity conducts a voluntary self-assessment of its diversity
policies and practices at least annually, provides information
pertaining to this self-assessment to its primary federal financial
regulator, and publishes information pertaining to its efforts with
respect to the Joint Standards. The information provided to the
Agencies will be used to monitor progress and trends among regulated
entities with regard to diversity and inclusion in employment and
contracting activities, as well as to identify and publicize leading
diversity policies and practices.

2. Description of Likely Respondents and Estimate of Annual Burden

    The collections of information contemplated by the Joint Standards
will impose no new recordkeeping burdens as regulated entities will
only publish or provide information pertaining to diversity policies
and practices that they maintain during the normal course of business.
The Agencies estimate that, on average, it will take a regulated entity
approximately 12 burden hours annually to publish information
pertaining to its diversity policies and practices on its Web site or
in other appropriate communications and to retrieve and submit
information pertaining to its self-assessment to its primary federal
financial regulator.
    The Agencies estimate the total burden for all regulated entities
as follows:
    Information Collection: Joint Standards for Assessing Diversity
Policies and Practices.
    Estimated Number of Respondents:
    OCC: 215.
    Board: 488.
    FDIC: 398.
    CFPB: 750.
    SEC: 1,250.
    Frequency of Collection: Annual.
    Average Response Time per Respondent: 12 hours.
    Estimated Total Annual Burden Hours:
    OCC: 2,580 hours.
    Board: 5,856 hours.
    FDIC: 4,776 hours.
    CFPB: 9,000 hours.
    SEC: 15,000 hours.
    Obligation to respond: Voluntary.

B. Solicitation of Public Comments

    The Policy Statement included a 60-day notice requesting public
comments on the collection of information. During the comment period,
the Agencies collectively received four comment letters: Two from
industry trade associations, one from an advocacy organization, and one
from an individual.\2\ The comments, which are described below,
addressed the collection of information under the ``Entities Self-
Assessment'' Joint Standards. (As noted above, these Joint Standards
envision that a regulated entity provides self-assessment information
to the OMWI Director of the entity's primary federal financial
regulator.) The commenters also commented on aspects of the Policy
Statement unrelated to the collection of information; these views are
not relevant to this notice or the paperwork burden analysis and,
accordingly, they are not addressed below.
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    \2\ Separately, the NCUA received a comment letter from an
industry trade association. The Agencies considered this comment and
have included it in the discussion of comments below.
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    After reviewing and considering the comments related to the
collection of information, the Agencies have decided not to make any
changes to the collection of information described in the 60-day
notice.

1. Practical Utility of Information Collection

    Two commenters addressed whether the collection of information
pertaining to self-assessments will have practical utility. One
commenter asserted that it is premature to gauge how useful information
will be without knowing precisely what information the Agencies will
request. The other commenter maintained that the information collection
request in the Policy

Statement will yield large variations in the information submitted and
predicted that the information received will have little practical
utility. This commenter argued that the Agencies should standardize the
information they request so they are able to assess accurately the
state of diversity and inclusion across the industry. The commenter's
view is that standardization of the data request would enhance the
quality, utility, and clarity of the collected information.
    Although the Agencies have not specified the content or format for
the information collection described in the Policy Statement, they
anticipate that the information submitted to them will be similar in
content, if not in form. They contemplate that regulated entities will
organize their information collection around the categories in the
Joint Standards. The Agencies also expect that the information they
receive will help achieve the purpose of the collection, which is to
allow the Agencies to identify trends in the financial services
industry regarding diversity and inclusion in employment and
contracting and to identify leading diversity policies and practices.

2. Specific Collection Instrument

    Three commenters requested that the Agencies be more specific about
the information collection. One commenter asked the Agencies to send
questions that ``comport with how its member firms operate'' and that
the information collection request allow entities to submit qualitative
information to add context to quantitative submissions. Another
commenter asked the Agencies to provide a ``robust'' example or
template of the information the entities should submit. This commenter
also recommended that the Agencies provide a non-exhaustive list of
materials that respondents can use to compare against what they are
planning to submit. The third commenter recommended that the Agencies
develop a standardized collection instrument. This commenter noted that
it had recommended standardized survey questions when it commented on
the proposed Policy Statement. The commenter urged the Agencies to
adopt a thorough framework for collecting specific and consistent data.
    The Agencies appreciate the collection instrument recommendations
and the offers to assist in developing an instrument. At this time,
however, the Agencies have not developed a joint information collection
instrument. The Agencies believe that the Policy Statement encourages
regulated entities to provide information regarding their self-
assessments in a manner reflective of the Joint Standards and that any
such information received will be useful.

3. Assurance of Confidentiality

    The Joint Standards addressing Self-Assessments provide that the
entities submitting information may designate such information as
confidential commercial information, where appropriate. Three
commenters expressed concerns about whether the information submitted
would remain confidential. One commenter indicated that its members are
concerned that information submitted to their primary federal financial
regulator might be provided, without context, to other regulators or to
the U.S. Congress, leading to confusion or to the disclosure of
competitive information. This commenter asked the Agencies to provide a
clearer confidentiality policy and clarify that submissions will remain
confidential unless the submitting entity expressly waives
confidentiality. Similarly, another commenter stated that its members
are concerned that third parties may have access to the information
submitted and could use this information to the submitter's
disadvantage. This commenter requested additional clarification
regarding how the Agencies will use and protect submitted information,
as well as a written statement providing assurance that the Agencies
will not share the information with third parties.
    The remaining commenter expressed concern that designating
information as confidential will not guarantee protection from
disclosure. The commenter observed that, if the public requests
information under the Freedom of Information Act (FOIA), the regulated
entity will be notified of the request and provided an opportunity to
argue against disclosure. In the event that the regulated entity's
argument does not prevail, the voluntarily submitted information could
be released to the public.
    Two of these commenters recommended that regulated entities be
allowed to submit information anonymously. One commenter said its
members might support the use of a third-party vendor that could
capture and potentially anonymize submissions as a way to minimize
information collection burden. The other commenter asserted that giving
respondents the option to submit information anonymously would enhance
the quality, utility, and clarity of the information, minimize burden,
and address confidentiality concerns. This commenter also recommended
that the Agencies allow submitters to classify themselves into general
categories, such as by approximate asset size, number of employees, and
geographic location.
    The Agencies understand that regulated entities want assurances
that the Agencies will treat the submitted information as confidential
and will not disclose the information unless the submitter expressly
waives confidentiality. To the extent that a submission includes
confidential information, the Agencies will keep such information
confidential to the extent allowed by law. The Agencies advise
regulated entities submitting private information to follow their
primary federal financial regulator's FOIA regulations with respect to
designating information as confidential or seeking confidential
treatment.
    Finally, with respect to anonymity, the Agencies are concerned that
anonymous submissions would be less useful than submissions in which
the submitting entity is identified. As indicated in the Policy
Statement, the OMWI Directors plan to reach out to regulated entities
to discuss diversity and inclusion practices and methods of assessment,
and these contacts will be more informative for both the Agencies and
the entities if the Agencies know which submission came from which
entity. However, the Agencies will reassess this matter over time.

4. Accuracy of Burden Estimate

    The Agencies estimated that, annually, it would take an entity 12
burden hours, on average, to publish information pertaining to its
diversity policies and practices on its Web site and to retrieve and
submit self-assessment information to its primary federal financial
regulator. One commenter stated that the Agencies grossly
underestimated the time it would take to collect, categorize, and
submit this information. The commenter asserted that retrieving
diversity data is a time-consuming and labor-intensive task,
particularly for entities with hundreds or thousands of employees
located throughout U.S. and the world. In addition, the commenter
maintained that an entity's submission would have to undergo a time-
consuming review by legal counsel and others to assure accuracy and
clarity before the entity could submit the information.
    The Agencies note that the commenter did not provide an alternative
estimate or formula for calculating this burden and that 12 hours is an
estimated average. In the absence of more specific information, the
Agencies do not have a basis for changing their burden estimate at this
time. If, however, future feedback

indicates that the current estimate needs further refinement, the
Agencies will consider adjusting their estimates accordingly.

5. Estimate of Start-Up Costs

    One commenter asserted that it would take substantial IT, legal,
and operational resources to put diversity data into a format
appropriate for submission to a regulator. The commenter said that it
could not provide an exact estimate of capital or start-up costs for
submitting this information until an actual information request was
available. In response, the Agencies note that there are no start-up
costs associated with the collection of information contained in the
Joint Standards. Furthermore, any costs incurred by a regulated entity,
aside from the 12 burden hours discussed above to publish information
pertaining to its diversity policies and practices on its Web site and
to retrieve and submit self-assessment information to its primary
federal financial regulator, will be incurred in the normal course of
its business activities.
    Written comments continue to be invited on:
    (a) The necessity of the collection of information for the proper
performance of the Agencies' functions, including whether the
information will have practical utility;
    (b) The accuracy of the Agencies' estimate of the information
collection burden, including the validity of the methods and the
assumptions used;
    (c) Ways to enhance the quality, utility, and clarity of the
information proposed to be collected;
    (d) Ways to minimize the information collection burden on
respondents, including through the use of automated collection
techniques or other forms of information technology; and
    (e) Estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
    The Agencies encourage interested parties to submit comments in
response to these questions. Comments submitted in response to this
notice will be shared among the Agencies. All comments will become a
matter of public record.

    Dated: October 8, 2015.
Stuart E. Feldstein,
Director, Legislative and Regulatory Activities Division, Office of the
Comptroller of the Currency.
    By order of the Board of Governors of the Federal Reserve
System, November 2, 2015.
Robert deV. Frierson,
Secretary of the Board.
    Dated at Washington, DC, this 29th day of September, 2015.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
    Dated: October 27, 2015.
Christopher D'Angelo,
Chief of Staff, Bureau of Consumer Financial Protection.

U.S. Securities and Exchange Commission.

    Date: October 1, 2015.
Brent J. Fields,
Secretary.
[FR Doc. 2015-28369 Filed 11-5-15; 8:45 am]
BILLING CODE 4810-33-P; 6310-01-P; 6714-01-P; 4810-AM-P; 8011-01-P