2018-06-29 | 2018-13256Added · Updated
The Commodity Futures Trading Commission issued correcting amendments to 17 CFR Part 1 to remove obsolete provisions from Section 1.33 that were inadvertently retained in the November 2012 final rules. These amendments specifically delete paragraph (a)(2)(ii), paragraph (a)(2)(v), and the introductory clause to paragraph (b)(3) regarding monthly and confirmation statements for commodity and foreign options. The corrections become effective on June 29, 2018, ensuring the regulations accurately reflect the requirements for swap dealer and intermediary oversight.
(5) * * * (v) * * * (C) A lead level 2 observer on a vessel using nontrawl gear must have completed the following: (1) Two observer cruises (contracts) of at least 10 days each; (2) Successfully completed training or briefing as prescribed by the Observer Program; and (3) Either sampled at least 30 sets on a vessel using nontrawl gear or sampled at least 100 hauls on a catcher/processor using trawl gear or on a mothership.
§§ 679.51, 679.52, and 679.53 [Amended] ■ 10. In the table below, for each section indicated in the ‘‘Location’’ column, remove the phrase indicated in the ‘‘Remove’’ column from wherever it appears in the section and add the word indicated in the ‘‘Add’’ column: Location Remove Add Frequency § 679.51(a)(2)(vi)(B)(1), (a)(2)(vi)(B)(3), (a)(2)(vi)(B)(4), (a)(2)(vi)(C), (a)(2)(vi)(D)(1), (a)(2)(vi)(D)(2), and (a)(2)(vi)(E)(1). certified ................................... endorsed ................................. 1 § 679.51(c)(3) ............................................................................ Observer Program Office ........ Observer Program .................. 1 § 679.52(a)(2), (b)(1)(iii)(A), (b)(2)(iv), (b)(3)(ii)(B), and (b)(8) introductory text. Observer Program Office ........ Observer Program .................. 1 § 679.52(b)(11) introductory text ............................................... Observer Program Office ........ Observer Program .................. 2 § 679.52(b)(11)(i) introductory text, (b)(11)(ii), (b)(11)(iii), and (b)(11)(vi) introductory text. Observer Program Office ........ Observer Program .................. 1 § 679.52(b)(11)(vii) introductory text ......................................... Observer Program Office ........ Observer Program .................. 3 § 679.52(b)(11)(viii) introductory text, (b)(11)(viii)(A), (b)(11)(ix), (b)(11)(x) introductory text, and (b)(12). Observer Program Office ........ Observer Program .................. 1 § 679.53(a)(1) ............................................................................ Observer Program Office ........ Observer Program .................. 1 § 679.53(a)(5)(v) introductory text, and (a)(5)(v)(A) ................. ‘‘lead’’ ...................................... lead ......................................... 1 § 679.53(b)(2)(i) ........................................................................ Observer Program Office ........ Observer Program .................. 1 ■ 11. In § 679.84, revise paragraph (c)(7) to read as follows: § 679.84 Rockfish Program Recordkeeping, permits, monitoring, and catch accounting.
(c) * * * (7) Pre-cruise meeting. The Observer Program is notified by phone at 1 (907) 481–1770 (Kodiak, AK) at least 24 hours prior to departure when the vessel will be carrying an observer who has not previously been deployed on that vessel within the last 12 months. Subsequent to the vessel’s departure notification, but prior to departure, NMFS may contact the vessel to arrange for a precruise meeting. The pre-cruise meeting must minimally include the vessel operator or manager and any observers assigned to the vessel.
■ 12. In § 679.93, revise paragraph (c)(7) to read as follows: § 679.93 Amendment 80 Program recordkeeping, permits, monitoring, and catch accounting.
(c) * * * (7) Pre-cruise meeting. The Observer Program is notified by phone at 1 (907) 581–2060 (Dutch Harbor, AK) or 1 (907) 481–1770 (Kodiak, AK) at least 24 hours prior to departure when the vessel will be carrying an observer who has not previously been deployed on that vessel within the last 12 months. Subsequent to the vessel’s departure notification, but prior to departure, NMFS may contact the vessel to arrange for a precruise meeting. The pre-cruise meeting must minimally include the vessel operator or manager and any observers assigned to the vessel.
■ 13. In § 679.100, add paragraphs (b)(1)(v) and (b)(2)(i)(E) to read as follows: § 679.100 Applicability.
(b) * * * (1) * * * (v) The Observer Program is notified by phone at 1 (907) 581–2060 (Dutch Harbor, AK) or 1 (907) 481–1770 (Kodiak, AK) at least 24 hours prior to departure when the vessel will be carrying an observer who has not previously been deployed on that vessel within the last 12 months. Subsequent to the vessel’s departure notification, but prior to departure, NMFS may contact the vessel to arrange for a precruise meeting. The pre-cruise meeting must minimally include the vessel operator or manager and any observers assigned to the vessel. (2) * * * (i) * * * (E) The Observer Program is notified by phone at 1 (907) 581–2060 (Dutch Harbor, AK) or 1 (907) 481–1770 (Kodiak, AK) at least 24 hours prior to departure when the vessel will be carrying an observer who has not previously been deployed on that vessel within the last 12 months. Subsequent to the vessel’s departure notification, but prior to departure, NMFS may contact the vessel to arrange for a precruise meeting. The pre-cruise meeting must minimally include the vessel operator or manager and any observers assigned to the vessel.
[FR Doc. 2018–14071 Filed 6–28–18; 8:45 am] BILLING CODE 3510–22–P COMMODITY FUTURES TRADING COMMISSION 17 CFR Part 1 RIN 3038–AD53 Adaptation of Regulations to Incorporate Swaps; Correction AGENCY: Commodity Futures Trading Commission. ACTION: Correcting amendments. SUMMARY: On November 2, 2012, the Commodity Futures Trading Commission revised its rules. That document inadvertently failed to remove several obsolete provisions in the regulation. This document corrects the final regulations. DATES: Effective on June 29, 2018. FOR FURTHER INFORMATION CONTACT: Jacob Chachkin, Special Counsel, 202– 418–5496, email: jchachkin@cftc.gov, Division of Swap Dealer and Intermediary Oversight, Commodity Futures Trading Commission. SUPPLEMENTARY INFORMATION: In the Federal Register of November 2, 2012 (77 FR 66287), the Commodity Futures Trading Commission published final rules adopting new regulations to implement particular provisions of the
Commodity Exchange Act, as added by the Dodd-Frank Wall Street Reform and Consumer Protection Act. That document inadvertently failed to remove several obsolete provisions in § 1.33(a)(2) and (b)(3). Accordingly, the Commission is making a correcting amendment to § 1.33 that removes the second paragraph (a)(2)(ii), removes paragraph (a)(2)(v), and removes the introductory clause to paragraph (b)(3). List of Subjects in 17 CFR Part 1 Agricultural commodity, Agriculture, Brokers, Committees, Commodity futures, Conflicts of interest, Consumer protection, Definitions, Designated contract markets, Directors, Major swap participants, Minimum financial requirements for intermediaries, Reporting and recordkeeping requirements, Swap dealers, Swaps. Accordingly, 17 CFR part 1 is corrected by making the following correcting amendments: PART 1—GENERAL REGULATIONS UNDER THE COMMODITY EXCHANGE ACT ■ 1. The authority citation for part 1 continues to read as follows: Authority: 7 U.S.C. 1a, 2, 5, 6, 6a, 6b, 6c, 6d, 6e, 6f, 6g, 6h, 6i, 6k, 6l, 6m, 6n, 6o, 6p, 6r, 6s, 7, 7a-1, 7a-2, 7b, 7b-3, 8, 9, 10a, 12, 12a, 12c, 13a, 13a-1, 16, 16a, 19, 21, 23, and 24 (2012). ■ 2. Amend § 1.33 as follows: ■ a. Revise paragraph (a)(2); and ■ b. Revise paragraph (b)(3) introductory text. The revisions read as follows: § 1.33 Monthly and confirmation statements. (a) * * * (2) For each commodity option position and foreign option position— (i) All commodity options and foreign options purchased, sold, exercised, or expired during the monthly reporting period, identified by underlying futures contract or underlying commodity, strike price, transaction date, and expiration date; (ii) The open commodity option and foreign option positions carried for such customer or foreign futures or foreign options customer as of the end of the monthly reporting period, identified by underlying futures contract or underlying commodity, strike price, transaction date, and expiration date; (iii) All open commodity option and foreign option positions marked to the market and the amount each position is in the money, if any; and (iv) Any related customer funds carried in such customer’s account(s) or any related foreign futures or foreign options secured amount carried in the account(s) of a foreign futures or foreign options customer.
(b) * * * (3) A written confirmation of each commodity option transaction, containing at least the following information:
Dated: June 15, 2018. Robert N. Sidman, Deputy Secretary of the Commission. [FR Doc. 2018–13256 Filed 6–28–18; 8:45 am] BILLING CODE 6351–01–P
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